EXHIBIT 4.5 Promissory NotePromissory Note • October 22nd, 2004 • Colonial Commercial Corp • Wholesale-hardware & plumbing & heating equipment & supplies
For value received, RAL PURCHASING CORP., a New York corporation (the "Company"), hereby promises to pay the Principal Amount to the order of Payee, together with interest accruing at the rate of 9% per annum on the principal amount from time to time unpaid Accrued interest on this Note shall be payable monthly on the first day of each month beginning October 2003. The principal amount of this Note shall be payable in five equal Annual Principal Installments on December 31 of each year beginning 2004 and ending 2008. All payments of principal and interest shall be made to Payee at Payee's Address or at such other place as Payee shall from time to time designate to the Company in writing.
