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Draft 4.15.2004 • EXHIBIT H PROMISSORY NOTE -$240,000- ,2004 -4.00%- Pro Craft Development, LLC, a limited liability company under the laws of the State of Minnesota ("Maker"), for value received, hereby promises to pay to the Mounds View Economic Development Authority, a public body corporate and politic under the laws of Minnesota or its assigns (Authority and any assigns are collectively referred to herein as "Holder"), at its designated principal office or such other place as the Holder may designate in writing, the principal sum of Two Hundred Forty Thousand and no/100ths Dollars ($240,000) or so much thereof as may be advanced under this Note, with interest as hereinafter provided, in any coin or currency that at the time or times of payment is legal tender for the payment of private debts in the United States of America. The principal of and interest on this Note is payable in installments due as follows: 1. Interest at the rate of four percent (4.00%)per annum shall accrue on the amount of Loan proceeds outstanding and remaining to be paid by Developer to Authority from the Date of illClosing until the Loan is repaid in full. 2. Payments of principal and interest shall commence on the first day of the fourth month from the Date of Closing (the "Initial Payment Date") and continue on the first day of the seventh, tenth and thirteenth month thereafter until paid in full, with such repayment of principal and interest as contained in the schedule (the "Repayment Schedule") as set forth in Exhibit A. Such payments shall fully amortize any outstanding balance of the Loan over twelve (12) months; provided, however, the entire remaining unpaid balance of principal and interest shall be due and payable on the first day of the 13th month following the Initial Payment Date. 3. The Maker shall have the right to prepay the principal of this Note, in whole or in part, on any date a principal and interest payment is due and payable. 4. This Note is given pursuant to the Purchase and Redevelopment Agreement dated , 2004, between Borrower and Lender (the "Agreement") and is secured by a mortgage of even date herewith(the "Mortgage"). In the event the Mortgage is found to be invalid for whatever reason, such invalidity shall constitute an event of default hereunder. All of the agreements, conditions, covenants, provisions, and stipulations contained in the Agreement, the Mortgage, or any other instrument securing this Note are hereby made a part of this Note to the same extent and with the same force and effect as if they were fully set forth herein. It is agreed that time is of the essence of this Note. If an Event of Default occurs under the Agreement, iithe Mortgage, or any other instrument securing this Note, then the Holder of this Note may at its SJR-245249v4 MU205-29 H-1