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Loan Agreement - 1432 Sara Ave, Akron, OH 44305.pdf

Generated 2026-07-01T16:39:32.685095+00:00 from live Dropbox Public folders.

Description

PROMISSORY NOTE Loan Amount: $13,000 Loan Date: June 9, 2025 For value received, the undersigned Lofty Holding 1432 Sara Avenue DAO LLC (the "Borrower"), promises to pay to the order of the Ecosystems Asset Recovery Lending Decentralized Autonomous Organization, acting as agent for contributing DAO LLCs (“EARLDAO”, the "Lender"), the sum of three thousand dollars ($3,000) with interest from June 9th, 2025, on the unpaid principal at the rate of twelve percent (12%) per annum, compounded annually

Extracted Content

PROMISSORY NOTE Loan Amount: $13,000 Loan Date: June 9, 2025 For value received, the undersigned Lofty Holding 1432 Sara Avenue DAO LLC (the "Borrower"), promises to pay to the order of the Ecosystems Asset Recovery Lending Decentralized Autonomous Organization, acting as agent for contributing DAO LLCs (“EARLDAO”, the "Lender"), the sum of three thousand dollars ($3,000) with interest from June 9th, 2025, on the unpaid principal at the rate of twelve percent (12%) per annum, compounded annually. The loan shall be advanced for business purposes in connection with the property located at 1432 Sara Ave. Akron, OH 44305 (the “Property”) and jointly serviced by Lofty AI, Inc. and ECO Systems, LLC (“Servicer”). I. TERMS OF REPAYMENT A. Payments Interest shall be payable in monthly installments of one hundred thirty dollars ($130.00), beginning on July 9, 2025. The full unpaid principal of thirteen thousand dollars ($13,000.00), along with any remaining accrued interest, shall be due in a single balloon payment on June 9, 2026 (the “Due Date”). B. Acceleration of Debt If the Borrower is in default under this Note or is in default under the security instrument securing repayment of this N