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Loan Agreement - Kyle Leese - 86 Madison Ave, Albany, NY 12202.pdf

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Description

PROMISSORY NOTE Loan Amount: $5,000 Loan Date: April 1, 2025 For value received, the undersigned Snow Leopard LFTY0439 DAO LLC (the "Borrower"), promises to pay to the order of Kyle Leese (the "Lender"), the sum of five thousand dollars ($5,000) with interest from April 1st, 2025, on the unpaid principal at the rate of six percent (6%) per annum, compounded annually. The loan shall be advanced for business purposes in connection with the property located at 86 Madison Avenue, Albany, NY 12202 (t

Extracted Content

PROMISSORY NOTE Loan Amount: $5,000 Loan Date: April 1, 2025 For value received, the undersigned Snow Leopard LFTY0439 DAO LLC (the "Borrower"), promises to pay to the order of Kyle Leese (the "Lender"), the sum of five thousand dollars ($5,000) with interest from April 1st, 2025, on the unpaid principal at the rate of six percent (6%) per annum, compounded annually. The loan shall be advanced for business purposes in connection with the property located at 86 Madison Avenue, Albany, NY 12202 (the “Property”) and jointly serviced by Lofty AI, Inc. and ECO Systems, LLC (“Servicer”). I. TERMS OF REPAYMENT A. Payments The unpaid principal and accrued interest shall be payable in monthly installments, beginning on May 1, 2025, and continuing until April 1, 2026, (the "Due Date"), at which time the remaining unpaid principal and interest shall be due in full. The monthly installment payments of principal and interest shall be four hundred forty-one dollars and sixty-seven cents ($441.67). 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 Note, and such default is not cured within 5 days after w