Interest Rate Index Replacement AgreementInterest Rate Index Replacement Agreement • March 31st, 2023 • Stratus Properties Inc • Land subdividers & developers (no cemeteries)
Effective Date: January 3, 2023 Agent: TEXAS CAPITAL BANK, a Texas state bank (f/k/a TEXAS CAPITAL BANK, NATIONAL ASSOCIATION) Borrower: The Saint June, L.P., a Texas limited partnership Guarantor: Stratus Properties Inc., a Delaware corporation Loan Agreement: Loan Agreement among Borrower, Agent, and Lenders thereto dated June 2, 2021 (as modified or amended from time to time) Note (collectively): Amended and Restated Note by Borrower in favor of Texas Capital Bank dated August 13, 2021 in principal amount of $25,320,000.00 (as modified or amended from time to time); and Note by Borrower in favor of TexasBank dated August 13, 2021 in principal amount of $5,000,000.00 (as modified or amended from time to time) Replacement Effective Date: January 3, 2023
