LOAN AGREEMENT BY AND BETWEEN COMERICA BANK AND STRATUS PROPERTIES INC., STRATUS PROPERTIES OPERATING CO., L.P. CIRCLE C LAND, L.P. AUSTIN 290 PROPERTIES, INC. Dated December 31, 2012Loan Agreement • January 7th, 2013 • Stratus Properties Inc • Land subdividers & developers (no cemeteries) • Texas
THIS LOAN AGREEMENT (this “Agreement”) is made and delivered effective as of the 31st day of December, 2012, 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” and jointly as “Borrowers”), and COMERICA BANK (“Bank”).
