Crumpled Note seems to be one of those vague lore drops of Gorowyn. All it really does is name-drop one of the rares in the zone. No merchant value.
"Captain, excuses are for the soft of flesh. You will keep your soldiers alert and attentive when on duty. You understand our purpose, and you know that duty lies at its core. There are no more chances, and you are responsible for the actions of your subordinates. Do not allow it to happen again. Overlord Tevik"