RENEWAL & EXTENSION OF REAL ESTATE NOTE AND LIEN BETWEEN THE REGISTRANT AND WEINRITTER REALTY, LP
Published on February 6, 2023
Exhibit 10.6
LOAN RENEWAL - WEINRITTER REALTY LP.
| COLLATERAL: | 1st Lien – 1900& 1901 American Dr., Lago Vista, TX 78645 |
| FILE #: | 2296.525 |
| BORROWER(S) INFO: | SGB Development Corp |
| Tax ID# 87-1375590 | |
| RENEWED AMOUNT: | $2,000,000.00 |
| TERM EXTENSION FEE: | $10,000.000 – Due upon signing this renewal & extension, per the original note dated July 14, 2021 |
| MODIFICATION | |
| INTEREST RATE: | 12.5% |
| AMORTIZATION: | Interest Only |
| LATE CHARGE: | 10 DAYS 5% |
| BALLOON: | February 1, 2024 |
| DUE ON SALE: | YES |
| LAWYERS INFO: | Michael Baucum, 1100 NW Loop 410, #801 SA, TX 78213 |
| (210)451-8140 | |
| Email: Michael@baucumlawfirm.com | |
| Assist Virginia Peterson (210)451-8141 | |
| Email: vp@baucumlawfirm.com |
| *PLEASE ORDER A TITLE SEARCH | |
| Agreed By: | |
| /s/ Paul M Galvin | |
| Paul M. Galvin | |
| SGB Development Corp. | |
| Chief Executive Officer | |
| /s/ Daniella Ritter | |
| Daniella Ritter | |
| Weinritter Realty, LP. |