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Note - 1258 Lily Street, Akron, Ohio 44301 - Ohio 3 Property Package, Akron, Ohio 44117.pdf

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COGNOVIT PROMISSORY NOTE $50,000.00 Principal amount January , 2026 FOR VALUE RECEIVED, Providere Properties LLC, an Ohio limited liability company and Coenrad Biel, jointly and severally, (hereinafter referred to as “Maker”), hereby promise to pay to the order of Lofty Holding 1518 Dille Road DAO LLC, (hereinafter referred to as “Holder”), the principal sum of Fifty Thousand and 00/100 Dollars ($50,000.00). The interest rate applied to the principal balance is seven percent (7%) annually, amort

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COGNOVIT PROMISSORY NOTE
$50,000.00
Principal amount

January

, 2026

FOR VALUE RECEIVED, Providere Properties LLC, an Ohio limited liability company
and Coenrad Biel, jointly and severally, (hereinafter referred to as “Maker”), hereby promise to pay
to the order of Lofty Holding 1518 Dille Road DAO LLC, (hereinafter referred to as “Holder”),
the principal sum of Fifty Thousand and 00/100 Dollars ($50,000.00).
The interest rate applied to the principal balance is seven percent (7%) annually, amortized
over thirty (30) years.
Borrower shall remit a fixed monthly payment of $332.65, comprising principal and
interest, on the first (1st) day of each calendar month.
Maker shall remit a balloon payment on January ___, 2031.
Maker hereby waives presentation for payment, notice of dishonor, and diligence in bringing
suit. Maker hereby consents that the time of payment may be extended after maturity from time to
time by the Holder without notice thereof and without effect on any of the Holder's rights hereunder.
No failure to exercise and no delay on the part of Holder in exercising any power or right in
connection herewith shall operate as a waiver thereof, nor shall any single or partial exercise of any
such right or power, or any abandonment or discontinuance of steps to enforce such a right or power,
preclude any other or further exercise thereof or the exercise of any other right or power. No course
of dealing between the undersigned and Holder shall operate as a waiver of any right of Holder. No
modifications or waiver of any provision of this note nor any consent to any departure therefrom shall
in any event be effective unless the same shall be in writing and signed by the person against whom
enforcement thereof is to be sought, and then such waiver or consent shall be effective only in the
specific instance and for the purpose for which given.
If default is made in the payment of this Note and it is placed in the hands of an attorney for
collection, or collected through probate, reorganization or bankruptcy proceedings, or if suit is
brought on this note, the undersigned agrees to pay reasonable attorneys' fees and all costs and
expenses of collection in addition to all other amounts owing hereunder.

This note is assignable by Holder without the consent of the undersigned; provided, however,
that Holder shall give the undersigned written notice of any such assignment.
This note shall be governed by and construed in accordance with the laws of the State of Ohio.
If any provision of this note or the application hereof to any person or any circumstance shall,
for any reason and to any extent, be invalid or unenforceable, neither the remainder of this note nor
the application of such provision to any other person or circumstance shall be affected thereby, but
rather the same shall be enforced to the greatest extent permitted by the law.
The undersigned hereby represents and agrees by reason of the purpose of this Note that the
transaction evidenced hereby does not constitute a "Consumer Loan" or a "Consumer Transaction"
as defined under Ohio Revised Statutes.
ANY ATTORNEY-AT-LAW MAY APPEAR IN ANY COURT OF RECORD IN
CUYAHOGA COUNTY, OHIO, WHERE THIS NOTE WAS EXECUTED OR ANY OTHER
COURT OF RECORD IN THE UNITED STATES AFTER THE ABOVE OBLIGATION
BECOMES DUE AND WAIVE THE ISSUING AND SERVICE OF PROCESS, AND
NOTICE OF PRESENTMENT AND DISHONOR, AND CONFESS A JUDGMENT
AGAINST THE UNDERSIGNED IN FAVOR OF THE HOLDER HEREOF FOR THE
AMOUNT THEN APPEARING DUE, TOGETHER WITH COSTS OF SUIT, AND
THEREUPON RELEASE ALL ERRORS AND WAIVE ALL RIGHTS OF APPEAL.

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