LOAN AGREEMENTLoan Agreement • August 9th, 2007 • Stratus Properties Inc • Land subdividers & developers (no cemeteries) • Minnesota
THIS LOAN AGREEMENT (this “Agreement”) is made as of June 1, 2007 between STRATUS PROPERTIES INC., a Delaware corporation (“Borrower”), and HOLLIDAY FENOGLIO FOWLER, L.P., a Texas limited partnership (“Lender”).
CANYON-JOHNSON URBAN FUND II, L.P.Stratus Properties Inc • August 9th, 2007 • Land subdividers & developers (no cemeteries)
Reference is made to that certain Term Sheet (the “Term Sheet”) executed as of February 22, 2007 by Canyon-Johnson Urban Fund II, L.P., a Delaware limited partnership (“Urban”) and your affiliate, Stratus Properties Operating Co., L.P., a Delaware limited partnership. Capitalized terms not otherwise defined herein shall have the meanings assigned to them in the Operating Agreement described below.
