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Oglesby Promissory Agreement.pdf

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Description

Promissory Agreement for Release of Withheld Funds Agreement Date: July 18th, 2025 Property Address: 9919 S Oglesby Ave, Chicago, IL 60617 ​ Parties: This Promissory Agreement ("Agreement") is entered into by and between: ●​ Lofty Holding 9919 S Oglesby Avenue DAO LLC H.T.T.A. Lofty Holding 9919 S Oglesby Avenue LLC ("DAO"), a limited liability company representing the tokenized owners of the property at 9919 S Oglesby Ave, Chicago, IL 60617, acting through its authorized representative(s) as de

Extracted Content

Promissory Agreement for Release of Withheld Funds Agreement Date: July 18th, 2025 Property Address: 9919 S Oglesby Ave, Chicago, IL 60617 ​ Parties: This Promissory Agreement ("Agreement") is entered into by and between: ●​ Lofty Holding 9919 S Oglesby Avenue DAO LLC H.T.T.A. Lofty Holding 9919 S Oglesby Avenue LLC ("DAO"), a limited liability company representing the tokenized owners of the property at 9919 S Oglesby Ave, Chicago, IL 60617, acting through its authorized representative(s) as determined by governance vote, and ●​ Yhome Nursing LLC ("Yhome"), a limited liability company organized under the laws of Florida, with its principal place of business at 52 Point Pleasant Dr. Palm Coast, Fl, represented by Calixte Duffaut ("Representative"). Recitals: WHEREAS, Yhome, as the former property manager for the Property, filled the vacancy by placing the tenant and has collected the rents from the current tenant and is withholding funds totaling $16,969.85, derived from $21,600 in prepaid rents and $1,800 security deposit, less verified repair costs and reimbursements to vendors ($5,620.15) and uncollected pro-rated property management fees of ($810) for March, April, and May, as