LOAN AGREEMENT BY AND BETWEEN COMERICA BANK ANDLoan Agreement • July 5th, 2018 • Stratus Properties Inc • Land subdividers & developers (no cemeteries) • Texas
Contract Type FiledJuly 5th, 2018 Company Industry JurisdictionTHIS LOAN AGREEMENT (this “Agreement”) is made and delivered effective as of June 29, 2018, 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”), AUSTIN 290 PROPERTIES, INC., a Texas corporation (“Austin”), THE VILLAS AT AMARRA DRIVE, L.L.C., a Texas limited liability company (“Amarra”), 210 LAVACA HOLDINGS, L.L.C., a Texas limited liability company (“Lavaca”), MAGNOLIA EAST 149, L.L.C., a Texas limited liability company (“Magnolia”), STRATUS LAKEWAY CENTER, L.L.C., a Texas limited liability company (“Lakeway”) (Stratus, SPOC, Circle C, Austin, Amarra, Lavaca, Magnolia and Lakeway are sometimes referred to in this Agreement severally as “Borrower” and jointly as “Borrowers”), and COMERICA BANK (“Bank”).