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Loan Agreement - 85-104 Alawa Pl, Waianae, HI 96792.docx

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Description

PROMISSORY NOTE Loan Amount: $5,540 Date: October 6th, 2025 Property: LFTY0452 , 85-104 Alawa Pl, Waianae, HI, 96792 Lender: K.D. , aka “ LaPlebDeLaPleb ” or “ InvestmentKD ” Borrower: Poodle LFTY0452 DAO LLC Property Manager: ECO Systems LLC FOR VALUE RECEIVED , the Borrower, Poodle LFTY0452 DAO LLC , representing the property at 85-104 Alawa Pl, Waianae, HI, 96792, promises to pay the Lender, KD (“ LaPlebDeLaPleb ”), the principal sum of Five Thousand Five Hundred Forty Dollars ($5,540), toget

Extracted Content

PROMISSORY NOTE Loan Amount: $5,540 Date: October 6th, 2025 Property: LFTY0452 , 85-104 Alawa Pl, Waianae, HI, 96792 Lender: K.D. , aka “ LaPlebDeLaPleb ” or “ InvestmentKD ” Borrower: Poodle LFTY0452 DAO LLC Property Manager: ECO Systems LLC FOR VALUE RECEIVED , the Borrower, Poodle LFTY0452 DAO LLC , representing the property at 85-104 Alawa Pl, Waianae, HI, 96792, promises to pay the Lender, KD (“ LaPlebDeLaPleb ”), the principal sum of Five Thousand Five Hundred Forty Dollars ($5,540), together with interest and other terms as outlined below. I. Interest Rate The principal sum of $5,540 shall accrue interest at a rate of 17.9% per annum, compounded monthly. II. Loan Terms and Repayment ● The initial loan term is three (3) years, not withholding a written and accepted extension of the loan, commencing on October 6, 2025, and ending on October 6, 2028. ● The Borrower shall make payments based on a 3-year amortization schedule, with a balloon if greater than 50% remains in the 19th month. ● Payments shall be made as a minimum monthly repayment of ($200.01) or 50% net rental income, whichever is greater to service the loan principal and interest. III. Balloon Payment If more than 5