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EXHIBIT 10.67


[LOGO] SAVINGS BANK
       OF MENDOCINO COUNTY

        A FULL SERVICE COMMERCIAL BANK

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                                 PROMISSORY NOTE


 Principal   Loan Date    Maturity     Loan No    CALL/COLL     Account       Officer
$576,211.80  07-20-2004  09-18-2004  7010041492     21/210   00000000049040     MJL

    References in the shaded area are for Lender's use only and do not limit the
           applicability of this document to any particular loan or item.

   ANY ITEM ABOVE CONTAINING "***" HAS BEEN OMITTED DUE TO TEXT LENGTH LIMITATIONS.


BORROWER: MENDOCINO BREWING COMPANY, INC.         LENDER: SAVINGS BANK OF MENDOCINO COUNTY
          1601 AIRPORT RD UKIAH, CA 95482                 MAIN OFFICE
                                                          PO BOX 3600
                                                          200 N SCHOOL ST
                                                          UKIAH, CA 95482
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PRINCIPAL AMOUNT: $576,211.80  INITIAL RATE: 7.250%  DATE OF NOTE: JULY 20, 2004

PROMISE TO PAY. MENDOCINO BREWING COMPANY, INC. ("BORROWER") PROMISES TO PAY TO
SAVINGS BANK OF MENDOCINO COUNTY ("LENDER"), OR ORDER, IN LAWFUL MONEY OF THE
UNITED STATES OF AMERICA, THE PRINCIPAL AMOUNT OF FIVE HUNDRED SEVENTY--SIX
THOUSAND TWO HUNDRED ELEVEN & 80/100 DOLLARS ($576,211.80), TOGETHER WITH
INTEREST ON THE UNPAID PRINCIPAL BALANCE FROM JULY 20, 2004, UNTIL PAID IN FULL.

PAYMENT. BORROWER WILL PAY THIS LOAN IN ONE PRINCIPAL PAYMENT OF $576,211.80
PLUS INTEREST ON SEPTEMBER 18, 2004. THIS PAYMENT DUE ON SEPTEMBER 18, 2004,
WILL BE FOR ALL PRINCIPAL AND ALL ACCRUED INTEREST NOT YET PAID. IN ADDITION,
BORROWER WILL PAY REGULAR MONTHLY PAYMENTS OF ALL ACCRUED UNPAID INTEREST DUE AS
OF EACH PAYMENT DATE, BEGINNING AUGUST 15, 2004, WITH ALL SUBSEQUENT INTEREST
PAYMENTS TO BE DUE ON THE SAME DAY OF EACH MONTH AFTER THAT. UNLESS OTHERWISE
AGREED OR REQUIRED BY APPLICABLE LAW, PAYMENTS WILL BE APPLIED FIRST TO ANY
ACCRUED UNPAID INTEREST; THEN TO PRINCIPAL; AND THEN TO ANY LATE CHARGES.
INTEREST ON THIS NOTE IS COMPUTED ON A 365/365 SIMPLE INTEREST BASIS; THAT IS,
BY APPLYING THE RATIO OF THE ANNUAL INTEREST RATE OVER THE NUMBER OF DAYS IN A
YEAR (366 DURING LEAP YEARS), MULTIPLIED BY THE OUTSTANDING PRINCIPAL BALANCE,
MULTIPLIED BY THE ACTUAL NUMBER OF DAYS THE PRINCIPAL BALANCE IS OUTSTANDING.
BORROWER WILL PAY LENDER AT LENDER'S ADDRESS SHOWN ABOVE OR AT SUCH OTHER PLACE
AS LENDER MAY DESIGNATE IN WRITING.

VARIABLE INTEREST RATE. The interest rate on this Note is subject to change from
time to time based on changes in an index which is the Savings Bank of Mendocino
County's Base Commercial Rate (the "Index"). The Index is not necessarily the
lowest rate charged by Lender on its loans and is set by Lender in its sole
discretion. If the Index becomes unavailable during the term of this loan,
Lender may designate a substitute index after notifying Borrower. Lender will
tell Borrower the current Index rate upon Borrower's request. The interest rate
change will not occur more often than each FIRST AND FIFTEENTH OF THE MONTH.
Borrower understands that Lender may make loans based on other rates as well.
THE INDEX CURRENTLY IS 4.250% PER ANNUM. THE INTEREST RATE TO BE APPLIED TO THE
UNPAID PRINCIPAL BALANCE OF THIS NOTE WILL BE AT A RATE OF 3.000 PERCENTAGE
POINTS OVER THE INDEX, ADJUSTED IF NECESSARY FOR ANY MINIMUM AND MAXIMUM RATE
LIMITATIONS DESCRIBED BELOW, RESULTING IN AN INITIAL RATE OF 7.250% PER ANNUM.
NOTWITHSTANDING THE FOREGOING, THE VARIABLE INTEREST RATE OR RATES PROVIDED FOR
IN THIS NOTE WILL BE SUBJECT TO THE FOLLOWING MINIMUM AND MAXIMUM RATES. NOTICE:
Under no circumstances will the interest rate on this Note be less than 7.000%
per annum or more than the maximum rate allowed by applicable law.

PREPAYMENT; MINIMUM INTEREST CHARGE. Borrower agrees that all loan fees and
other prepaid finance charges are earned fully as of the date of the loan and
will not be subject to refund upon early payment (whether voluntary or as a
result of default), except as otherwise required by law. In any event, even upon
full prepayment of this Note, Borrower understands that Lender is entitled to a
MINIMUM INTEREST CHARGE OF $100.00. Other than Borrower's obligation to pay ANY
minimum interest charge, Borrower may pay without penalty all or a portion of
the amount owed earlier than it is due. Early payments will not, unless agreed
to by Lender in writing, relieve Borrower of Borrower's obligation to continue
to make payments under the payment schedule. Rather, early payments will reduce
the principal balance due. Borrower agrees not to send Lender payments marked
"paid in full", "without recourse", or similar language. If Borrower sends such
a payment, Lender may accept it without losing any of Lender's rights under this
Note, and Borrower will remain obligated to pay any further amount owed to
Lender. All written communications concerning disputed amounts, including any
check or other payment instrument that indicates that the payment constitutes
"payment in full" of the amount owed or that is tendered with other conditions
or limitations or as full satisfaction of a disputed amount must be mailed or
delivered to: Savings Bank of Mendocino County, Main Office, PO BOX 3600, 200 N
SCHOOL ST, UKIAH, CA 95482.

LATE CHARGE. If a payment is 10 days or more late, Borrower will be charged
$10.00.

INTEREST AFTER DEFAULT. Upon default, the total sum due under this Note will
bear interest at the interest rate on this Note. DEFAULT. Each of the following
shall constitute an event of default ("Event of Default") under this Note:

        PAYMENT DEFAULT. Borrower fails to make any payment when due under this
        Note.

        OTHER DEFAULTS. Borrower fails to comply with or to perform any other
        term, obligation, covenant or condition contained in this Note or in any
        of the related documents or to comply with or to perform any term,
        obligation, covenant or condition contained in any other agreement
        between Lender and Borrower.

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        FALSE STATEMENTS. Any warranty, representation or statement made or
        furnished to Lender by Borrower or on Borrower's behalf under this Note
        or the related documents is false or misleading in any material respect,
        either now or at the time made or furnished or becomes false or
        misleading at any time thereafter.

        INSOLVENCY. The dissolution or termination of Borrower's existence as a
        going business, the insolvency of Borrower, the appointment of a
        receiver for any part of Borrower's property, any assignment for the
        benefit of creditors, any type of creditor workout, or the commencement
        of any proceeding under any bankruptcy or insolvency laws by or against
        Borrower.

        CREDITOR OR FORFEITURE PROCEEDINGS. Commencement of foreclosure or
        forfeiture proceedings, whether by judicial proceeding, self--help,
        repossession or any other method, by any creditor of Borrower or by any
        governmental agency against any collateral securing the loan. This
        includes a garnishment of any of Borrower's accounts, including deposit
        accounts, with Lender. However, this Event of Default shall not apply if
        there is a good faith dispute by Borrower as to the validity or
        reasonableness of the claim which is the basis of the creditor or
        forfeiture proceeding and if Borrower gives Lender written notice of the
        creditor or forfeiture proceeding and deposits with Lender monies or a
        surety bond for the creditor or forfeiture proceeding, in an amount
        determined by Lender, in its sole discretion, as being an adequate
        reserve or bond for the dispute.

        EVENTS AFFECTING GUARANTOR. Any of the preceding events occurs with
        respect to any guarantor, endorser, surety, or accommodation party of
        any of the indebtedness or any guarantor, endorser, surety, or
        accommodation party dies or becomes incompetent, or revokes or disputes
        the validity


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                                 PROMISSORY NOTE
LOAN NO: 7010041492                 (CONTINUED)                           PAGE 2


        of, or liability under, any guaranty of the indebtedness evidenced by
        this Note. In the event of a death, Lender, at its option, may, but
        shall not be required to, permit the guarantor's estate to assume
        unconditionally the obligations arising under the guaranty in a manner
        satisfactory to Lender, and, in doing so, cure any Event of Default.

        CHANGE IN OWNERSHIP. Any change in ownership of twenty--five percent
        (25%) or more of the common stock of Borrower.

        ADVERSE CHANGE. A material adverse change occurs in Borrower's financial
        condition, or Lender believes the prospect of payment or performance of
        this Note is impaired.

        CURE PROVISIONS. If any default, other than a default in payment is
        curable and if Borrower has not been given a notice of a breach of the
        same provision of this Note within the preceding twelve (12) months, it
        may be cured if Borrower, after receiving written notice from Lender
        demanding cure of such default: (1) cures the default within fifteen
        (15) days; or (2) if the cure requires more than fifteen (15) days,
        immediately initiates steps which Lender deems in Lender's sole
        discretion to be sufficient to cure the default and thereafter continues
        and completes all reasonable and necessary steps sufficient to produce
        compliance as soon as reasonably practical.

LENDER'S RIGHTS. Upon default, Lender may declare the entire unpaid principal
balance on this Note and all accrued unpaid interest immediately due, and then
Borrower will pay that amount.

ATTORNEYS' FEES; EXPENSES. Lender may hire or pay someone else to help collect
this Note if Borrower does not pay. Borrower will pay Lender that amount. This
includes, subject to any limits under applicable law, Lender's attorneys' fees
and Lender's legal expenses, whether or not there is a lawsuit, including
attorneys' fees, expenses for bankruptcy proceedings (including efforts to
modify or vacate any automatic stay or injunction), and appeals. Borrower also
will pay any court costs, in addition to all other sums provided by law.

GOVERNING LAW. THIS NOTE WILL BE GOVERNED BY, CONSTRUED AND ENFORCED IN
ACCORDANCE WITH FEDERAL LAW AND THE LAWS OF THE STATE OF CALIFORNIA. THIS NOTE
HAS BEEN ACCEPTED BY LENDER IN THE STATE OF CALIFORNIA.

CHOICE OF VENUE. If there is a lawsuit, Borrower agrees upon Lender's request to
submit to the jurisdiction of the courts of MENDOCINO County, State of
California.

DISHONORED ITEM FEE. Borrower will pay a fee to Lender of $10.00 if Borrower
makes a payment on Borrower's loan and the check or preauthorized charge with
which Borrower pays is later dishonored.

ADDITIONAL PROVISIONS. THIS NOTE IS SECURED BY A COMMERCIAL SECURITY AGREEMENT
AND AN ASSIGNMENT OF DEPOSIT ACCOUNT, BOTH DATED 12/31/2003.

DISPUTE RESOLUTION. DISPUTE RESOLUTION. Borrower and Lender desire to resolve
quickly and efficiently any disputes that might arise between them. For any
controversy, claim or judicial action arising from or relating to this Note or
any related agreement, transaction or conduct, whether sounding in contract,
tort or otherwise: Judicial Reference. Where an action is pending before a court
of any judicial district of the State of California, Borrower and Lender shall
each have the right to require that all questions of fact or law be submitted to
general reference pursuant to California Code of Civil Procedure Section 638 et
seq., and any successor statutes thereto. (1) A single referee who is a retired
superior court judge shall be appointed by the court pursuant to Code of Civil
Procedure 640 and shall preside over the reference proceeding. If Borrower and
Lender do not agree upon the referee, each of them may submit to the court up to
three nominees who are retired superior court judges. (2) If Borrower and Lender
do not agree on how the payment of the referee's fees and expenses will be
shared, the court may apportion such fees and expenses between Borrower and
Lender in a fair and reasonable manner that is consistent with Code of Civil
Procedure Section 645.1. (3) Borrower and Lender shall be entitled to discovery,
and the referee shall oversee discovery and may enforce all discovery orders in
the same manner as any trial court judge. (4) The referee's statement of
decision shall contain written findings of fact and conclusions of law, and the
court shall enter judgment thereon pursuant to Code of Civil Procedure Sections
644(a) and 645. The decision of the referee shall then be appealable as if made
by the court.No provision of this section shall limit the right of any party to
exercise self--help remedies, to foreclose against or sell any real or personal
property collateral or to obtain provisional or ancillary remedies, such as
injunctive relief or appointment of a receiver, from a court of competent
jurisdiction before, after, or during the pendency of any reference proceeding.
The exercise of a remedy does not waive the right of either party to resort to
reference. Jury Trial Waiver. In any action pending before any court of any
jurisdiction, Borrower waives, and Lender shall not have, any right to a jury
trial. ATTORNEYS' FEES. In any action arising from or relating to this Note and
subject to any limits under applicable law, the prevailing party shall be
entitled to reasonable attorneys' fees in accordance with California Civil Code
Section 1717. Whether or not an action is involved, the expenses of Lender
described in the paragraph of this Note titled "Expenses" include, without
limitation, attorneys' fees incurred by Lender.

SUCCESSOR INTERESTS. The terms of this Note shall be binding upon Borrower, and
upon Borrower's heirs, personal representatives, successors and assigns, and
shall inure to the benefit of Lender and its successors and assigns.

NOTIFY US OF INACCURATE INFORMATION WE REPORT TO CONSUMER REPORTING AGENCIES.
Please notify us if we report any inaccurate information about your account(s)
to a consumer reporting agency. Your written notice describing the specific
inaccuracy(ies) should be sent to us at the following address: Savings Bank of
Mendocino County 200 N SCHOOL ST UKIAH, CA 95482

GENERAL PROVISIONS. Lender may delay or forgo enforcing any of its rights or
remedies under this Note without losing them. Borrower and any other person who
signs, guarantees or endorses this Note, to the extent allowed by law, waive any
applicable statute of limitations, presentment, demand for payment, and notice
of dishonor. Upon any change in the terms of this Note, and unless otherwise
expressly stated in writing, no party who signs this Note, whether as maker,
guarantor, accommodation maker or endorser, shall be released from liability.
All such parties agree that Lender may renew or extend (repeatedly and for any
length of time) this loan or release any party or guarantor or collateral; or
impair, fail to realize upon or perfect Lender's security interest in the
collateral; and take any other action deemed necessary by Lender without the
consent of or notice to anyone. All such parties also agree that Lender may
modify this loan without the consent of or notice to anyone other than the party
with whom the modification is made. The obligations under this Note are joint
and several.

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                                 PROMISSORY NOTE
LOAN NO: 7010041492                 (CONTINUED)                           PAGE 3



PRIOR TO SIGNING THIS NOTE, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF
THIS NOTE, INCLUDING THE VARIABLE INTEREST RATE PROVISIONS. BORROWER AGREES TO
THE TERMS OF THE NOTE. BORROWER ACKNOWLEDGES RECEIPT OF A COMPLETED COPY OF THIS
PROMISSORY NOTE. BORROWER:


MENDOCINO BREWING COMPANY, INC.

BY: /s/ Yashpal Singh
    ---------------------------------------------
    YASHPAL SINGH, PRESIDENT OF MENDOCINO BREWING
    COMPANY, INC.


 By:/s/ N. Mahadevan
    ---------------------------------------------
    NARAYANA MAHADEVAN, CONTROLLER/TREAS/SEC OF
    MENDOCINO BREWING COMPANY, INC.


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LASER PRO LENDING, VAR. 5.24.00.003 COPY. HARLAND FINANCIAL SOL0LIANS, NO, 1907,
       2004. ALL RIGHTS RESERVED. - CA E:1CF11LPL1 D20.FC TR-41384 PR-RH