Monarch America Inc. announced that the company has entered into a $1,500,000 Drawdown Promissory Note Agreement. Under terms of the Agreement, the investor has committed to provide $1,500,000 in new to Monarch America in exchange for promissory bearing an interest rate of 8% and repayable January 15, 2016. Monarch America has already received $150,000 in from the Agreement and expects to drawdown the entire $1,500,000 facility prior to the end of January 2015.