Exhibit 4.3 ----------- PROMISSORY NOTE UNSECURED DEMAND $ 32,000.00 November 22, 1996 - ------------ ----------------- For value received, Sono-Tek Corporation (the "Borrower"), hereby promises to pay to the order of James L. Kehoe (the "Lender") Thirty-two thousand dollars ON DEMAND. The Borrower agrees to pay interest from the date hereof on the unpaid balance of this note, at a rate per annum equal to 10.25%. Interest shall be calculated on the basis of a 360 day year. The Borrower agrees to pay all costs and expenses, such as wire transfer fees, bank fees or broker charges, incurred by Lender to effect this loan. Borrower: Sono-Tek Corporation 2012 Rt. 9W Bldg. 3 Milton, NY 12547 Signature /s/ Harvey L. Berger President -------------------- Harvey L. Berger Signature /s/ J. Duncan Urquhart Controller & Treasurer ---------------------- J. Duncan Urquhart