EX-10.6 8 ea172633ex10-6_safeandgreen.htm RENEWAL & EXTENSION OF REAL ESTATE NOTE AND LIEN BETWEEN THE REGISTRANT AND WEINRITTER REALTY, LP

Exhibit 10.6

 

LOAN RENEWAL - WEINRITTER REALTY LP.

 

COLLATERAL:1st Lien – 1900& 1901 American Dr., Lago Vista, TX 78645
FILE #:2296.525
  
BORROWER(S) INFO:SGB Development Corp
 Tax ID# 87-1375590
  
RENEWED AMOUNT:$2,000,000.00
TERM EXTENSION FEE:$10,000.000 – Due upon signing this renewal & extension, per the original note dated July 14, 2021
  
 MODIFICATION
  
INTEREST RATE:12.5%
AMORTIZATION:Interest Only
LATE CHARGE:10 DAYS 5%
  
BALLOON:February 1, 2024
  
DUE ON SALE:YES
LAWYERS INFO:Michael Baucum, 1100 NW Loop 410, #801 SA, TX 78213
 (210)451-8140
 Email: Michael@baucumlawfirm.com
 Assist Virginia Peterson (210)451-8141
 Email: vp@baucumlawfirm.com

 

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Agreed By:  
   
/s/ Paul M Galvin  
Paul M. Galvin  
SGB Development Corp.  
Chief Executive Officer  
   
/s/ Daniella Ritter  
Daniella Ritter  
Weinritter Realty, LP.