Exhibit 4.3
Promissory Note
Date: May 4, 2009
Place:
$997,545.50
MGP Ingredients, Inc.
(“Maker”) hereby acknowledges indebtedness to Union
Pacific Railroad Company in the amount of Nine Hundred Ninety Seven
Thousand Five Hundred Forty Five and 50/100ths Dollars
($997,545.50), and hereby promises to pay to the order of Union
Pacific Railroad Company at Omaha, Nebraska, or at such other place
as the Holder hereof may designate in writing, the principal sum of
Nine Hundred Ninety Seven Thousand Five Hundred Forty Five and
50/100ths Dollars ($997,545.50) together with interest thereon from
the date hereof until paid in full, at the rate of Ten percent
(10%) per annum, payable as follows:
Payments covering principal and
interest in the sum of not less than Seventy Five Thousand and
No/100ths Dollars ($75,000.00) monthly commencing on Friday,
May 15, 2009, and on the fifteenth day of every month
thereafter until the full amount of principal has been paid, the
said installments to be first applied to accrued interest and the
balance to principal; provided, however, that the final payment
shall be in the amount of the then unpaid balance.
Payments shall reference
Promissory Note Account AA139 and shall be sent to 12567
Collections Center Drive, Chicago, IL 60693, or such other place as
the Holder hereof may designate in writing.
The aforementioned sixteen (15)
payments, totaling One Million Sixty One Thousand Seven Hundred
Twenty Six and 67/100ths Dollars ($1,061,726.67), made as reflected
herein, shall constitute the full amount of this indebtedness and
payment in full of the bills identified on Exhibit A attached
hereto and incorporated herein by reference.
Any payment which falls due on a
bank holiday or weekend shall be paid on the immediately succeeding
business day. If any installment of principal or interest is
not paid when due, the Holder of this Note may declare the entire
unpaid balance due and payable at once without further notice to
the Maker. The Maker waives any right to receive notice of
Holder’s intent to accelerate the debt under this Note, and
to receive notice of such acceleration. No delay or omission
on the part of the Hold
