PROMISSORY NOTEPromissory Note • November 26th, 2024 • Stratus Properties Inc • Land subdividers & developers (no cemeteries) • Texas
FOR VALUE RECEIVED, the undersigned, STRATUS KINGWOOD PLACE, L.P., a Texas limited partnership (hereinafter referred to as the “Borrower”), hereby promises to pay to the order of VOYA RETIREMENT INSURANCE AND ANNUITY COMPANY, or any subsequent holder hereof (hereinafter referred to as the “Lender”), at the office of VOYA INVESTMENT MANAGEMENT LLC, a Delaware limited liability company, in its capacity as administrative agent on behalf of the “Lenders” (as such term is defined in Paragraph 1 below) (hereinafter, in such capacity, together with its successors and assigns, referred to as the “Administrative Agent”), 5780 Powers Ferry Road N.W., Suite 500, Atlanta, Georgia 30327-4349, or at such other place as the Lender may from time to time designate in writing to the Borrower, the original principal amount of THIRTY-THREE MILLION AND 00/100 DOLLARS ($33,000,000.00), together with interest thereon from and after the date of disbursement hereunder at the “Note Rate” (as such term is define
GUARANTY OF NON-RECOURSE CARVEOUTSGuaranty of Non-Recourse Carveouts • November 26th, 2024 • Stratus Properties Inc • Land subdividers & developers (no cemeteries) • Texas
THIS GUARANTY OF NON-RECOURSE CARVEOUTS (hereinafter, as it may be from time to time amended, modified, extended, renewed, substituted, and/or supplemented, referred to as this “Guaranty”) is made this 22nd day of November, 2024, by
LOAN AGREEMENT by and among STRATUS KINGWOOD PLACE, L.P., a Texas limited partnership, as the Borrower and VOYA INVESTMENT MANAGEMENT LLC, a Delaware limited liability company, as the Administrative Agent and as Lenders Dated: November 22, 2024Loan Agreement • November 26th, 2024 • Stratus Properties Inc • Land subdividers & developers (no cemeteries)
THIS LOAN AGREEMENT (hereinafter, as it may be from time to time amended, modified, extended, renewed, substituted, and/or supplemented, referred to as this “Agreement”), is dated this 22nd day of November, 2024, and is executed by and among:
