THIRD MODIFICATION AND EXTENSION AGREEMENTModification and Extension Agreement • July 17th, 2008 • Stratus Properties Inc • Land subdividers & developers (no cemeteries) • Texas
This THIRD MODIFICATION AND EXTENSION AGREEMENT (this “Agreement”) dated as of May 30, 2008 by and between STRATUS PROPERTIES INC., a Delaware corporation (“Stratus”), STRATUS PROPERTIES OPERATING CO., L.P., a Delaware limited partnership (“SPOC”), CIRCLE C LAND, L.P., a Texas limited partnership (“Circle C”), and AUSTIN 290 PROPERTIES, INC., a Texas corporation (“Austin”) (Stratus, SPOC, Circle C and Austin are sometimes referred to in this Agreement severally as “Borrower”), CALERA COURT, L.P., a Texas limited partnership ("Calera Court"), OLY STRATUS BARTON CREEK I JOINT VENTURE, a Texas joint venture ("Stratus JV") and COMERICA BANK ("Lender");
