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Contract - RRTX Lake Creek Hotel, LP and Alexa Ruby, LLC - 4/10/2025 FIRST AMENDMENT TO ECONOMIC DEVELOPMENT PROGRAM AGREEMENT This First Amendment to Economic Development Program Agreement (this "Amendment") is entered into this/M' day of April, 2025 (the "Effective Date'q, by and among the City of Round Rock, Texas, a Texas home rule municipal corporation (the "City'g, RRTX Lake Creek Hotel, L.P., a Texas Limited Partnership ("LCH'q, and Alexa Ruby Events, LLC ("Alexa Ruby Events'). The City, LCH, and Alexa Ruby Events are, collectively, the "Parties"to this Amendment. RECITALS WHEREAS, the Parties entered into that Certain Economic Development Program Agreement dated March 13, 2025 (the "Agreement'; and WHEREAS, except as amended herein, all of the terms and provisions of the Agreement shall remain in effect and shall apply to this Amendment; and WHEREAS, the subsequent to the execution of the Agreement, Alexa Ruby Events, LLC was created; and WHEREAS, Alexa Ruby Events will be the entity purchasing the 1.028 acres of land described in the Agreement as Fannin Flats, Block A, Lot 1, Round Rock, Texas (the "Property'q the Agreement; and WHEREAS, the change in the purchasing entity requires the Agreement to be amended to add Alexa Ruby Events as a party and amend related terms of the Agreements and Exhibits to the Agreement, including the Economic Development Loan and Deed of Trust as set forth herein; and NOW, THEREFORE, in consideration of the mutual benefits and promises and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,the City,LCH, and Alexa Ruby Events agree as follows: ARTICLE I PARTIES Section 1.01 Alexa Ruby Events,LLC is added as a party to this Agreement and along with LCH and the City shall be bound to all terms and conditions of the Agreement. ARTICLE II AMENDMENTS Section 2.01 Alexa Ruby Events intends to be the purchaser of the Property described in the Agreement and herein. Section 2.02 The Economic Development Loan for the Property shall be to Alexa Ruby Events to offset a portion of the cost to acquire and develop the Property. A copy of the Loan is attached hereto as Amended Exhibit E, accompanied by a Deed of Trust, attached hereto as Amended Exhibit F. Amended Exhibit E and Amended Exhibit F shall replace Exhibit E and Exhibit F to the Agreement in their entirety. Section 2.03 The Economic Incentive Payments set forth in the Agreement will be paid solely to LCH. Section 2.04 LCH and/or Alexa Ruby Events, LLC agrees to sell to the City a portion of property it owns adjacent to Brushy Creek for a bridge landing for the City's trail system as described in Exhibit H of the Agreement. Section 2.05 The Economic Incentive Payments set forth in the Agreement will be paid solely to LCH. Section 2.06 In Section 6.9,Notice of the Agreement,the following addition is made: If Alexa Ruby Events: Alexa Ruby Events,LLC 1207 East Cesar Chavez Street Austin, TX 78702 Phone: (830)279-2261 Email: bree.carrico(-,alexamgmt.com With required copy to: Bree Carrico 1805 W. 33rd Street Austin, TX 78703 Phone:(830)279-2261 Email: bree.carrico(a-),alexamgmt.com ARTICLE HI MISCELLANEOUS Section 3.01 To the extent necessary to affect the terms and provisions of this First Amendment, the Agreement is hereby amended and modified. In all other respects, the aforesaid Agreement is hereby ratified and confirmed. Section 3.02 This First Amendment may be executed in counterparts, each of which shall be an original and all of which together shall constitute but one and the same instrument. IN WITNESS WHEREOF, the Parties hereto have caused this First Amendment to be duly executed as of the day and year first above written. [Signatures on the following pages.] CITY OF ROUND ROCK, TEXAS, a home rule city and municipal corporation By: � M / Craig Morga v ayor ATTEST: Ann Franklin, City Jerk APPROVED as to form: Stephanie L. Sandre, City Attorney RRTX LAKE CREEK,LP a Texas Limited Partnership By: 94'u- CeUi Its: Date: Manager, 4/7/2025 ALEXA RUBY EVENTS,LLC a Texas Limited Liability Company By: 944- C�z►�.e Its:Manager 4/7/2025 Date: AMENDED EXHIBIT E (to the Agreement) (The Economic Development Loan) (See Attached) ECONOMIC DEVELOPMENT LOAN I. Basic Information Date: March 13, 2025 Borrower: Alexa Ruby Events,LLC 1207 East Cesar Chavez Street Austin, Texas 78702 Borrower's Mailing Address: Lender: City of Round Rock, Texas Place for Payment: 221 E. Main St. Round Rock, Texas 78664 Williamson County Principal Amount: $2,650,000.00 Annual Interest Rate: Secured Overnight Financing Rate (SOFR)plus One Percent(1%) Maturity Date: December 31,2029 Terms of Payment(principal and interest): The Principal Amount is due and payable on December 31, 2029. The annual interest shall accrue throughout the term of the Loan but shall be forgiven so long as payment of the Principal Amount is made in full by the Maturity Date. In the event the Principal Amount is not paid in full by the Maturity Date, all interest accrued shall be required to be paid in full by the Borrower. Security for Payment: This note is secured by first lien deed of trust of even date as said Loan from Borrower to Stephanie L. Sandre, trustee, both of which cover the following real property: Fannin Flats,Block A, Lot 1,the"Property". Purpose of Loan: The Lender and Borrower have entered into that one certain Economic Development Program Agreement ("Agreement") dated the 13th day of March, 2025 to promote the Project as described below, and in the Agreement, which Project will promote economic development as contemplated by Chapter 380 of the Texas Local Government Code. The purpose of this note is to provide funding to Borrower for the purchase of the Property Description of Project: The Project is described in the Agreement and herein as an expansion of its existing upscale boutique hotel through the new development on approximately 1.028 acres adjacent to its existing hotel facilities as an events center. II. Promise to Pay Borrower promises to pay to the order of Lender the Principal Amount plus interest at the Annual Interest Rate, which said interest shall be forgiven by Lender so long as the Principal Amount is paid in full by the Maturity Date. This note is payable at the Place for Payment and according to the Terms of Payment. All unpaid amounts are due by the Maturity Date. If any amount is not paid either when due under the Terms of Payment or on acceleration of maturity, Borrower promises to pay any unpaid amount plus all accrued interest. III. Defaults and Remedies A default exists under this note if(1) Borrower defaults in the payment of this note or in the performance of any obligation in the Agreement,or in any instrument securing or collateral to this note; (2) (a) Borrower or (b) any other person liable on any part of this note (an "Other Obligated Party") fails to timely pay or perform any obligation or covenant in any written agreement between Lender and Borrower or any Other Obligated Party other than as described in (1) above; (3) any representation in this note or in any other written agreement between Lender and Borrower or any Other Obligated Party is materially false when made; (4) a receiver is appointed for Borrower or an Other Obligated Party; (5)a bankruptcy or insolvency proceeding is commenced by Borrower, a partnership of which Borrower is a general partner, or an Other Obligated Party; (6) (a) a bankruptcy or insolvency proceeding is commenced against Borrower, a partnership of which Borrower is a general partner, or an Other Obligated Party and (b) the proceeding continues without dismissal for sixty days, the party against whom the proceeding is commenced admits the material allegations of the petition against it, or an order for relief is entered; or (7) Borrower, a partnership of which Borrower is a general partner, or an Other Obligated Party is terminated, begins to wind up its affairs, or is authorized to terminate or wind up its affairs by its governing body or persons,or any event occurs or condition exists that permits the termination or winding up of the affairs of Borrower, a partnership of which Borrower is a general partner, or an Other Obligated Party. A default exists under this note if(1)Borrower defaults in the payment of this note or in the performance of any obligation in any instrument securing or collateral to this note;(2)(a)Borrower or(b) any other person liable on any part of this note(an "Other Obligated Party")fails to timely pay or perform any obligation or covenant in any written agreement between Lender and Borrower or any Other Obligated Party other than as described in (1) above; (3) any representation in this note or in any other written agreement between Lender and Borrower or any Other Obligated Party is materially false when made;(4)a receiver is appointed for Borrower or an Other Obligated Party or any property on which a lien or security interest is created as security(the"Collateral Security") for any part of this note; (5) any Collateral Security is assigned for the benefit of creditors; (6) a bankruptcy or insolvency proceeding is commenced by Borrower,a partnership of which Borrower is a general partner, or an Other Obligated Party; (7) (a) a bankruptcy or insolvency proceeding is commenced against Borrower, a partnership of which Borrower is a general partner, or an Other Obligated Party and(b)the proceeding continues without dismissal for sixty days,the party against whom the proceeding is commenced admits the material allegations of the petition against it, or an order for relief is entered; (8) Borrower, a partnership of which Borrower is a general partner, or an Other Obligated Party is terminated,begins to wind up its affairs,or is authorized to terminate or wind up its affairs by its governing body or persons,or any event occurs or condition exists that permits the termination or winding up of the affairs of Borrower, a partnership of which Borrower is a general partner,or an Other Obligated Party;or(9)any Collateral Security is impaired by loss, theft, damage, levy and execution, issuance of an official writ or order of seizure, or destruction, unless it is promptly replaced with collateral security of like kind and quality or restored to its former condition. Upon the occurrence of a default under this note, Lender may declare the unpaid principal balance, earned interest, and any other amounts owed on the note immediately due, and may exercise all other rights and remedies available at law or in equity. IV. Waivers Borrower waives, to the extent permitted by law, all (1) demand for payment, (2) presentation for payment, (3) notice of intention to accelerate maturity, (4) notice of acceleration of maturity, (5)protest, (6)notice of protest, (7) rights under sections 51.003, 51.004, and 51.005 of the Texas Property Code, and(8)rights under section 17.001 and chapter 43 of the Texas Civil Practice and Remedies Code and rule 31 of the Texas Rules of Civil Procedure. V. Attorney's Fees Borrower also promises to pay reasonable attorney's fees and court and other costs if an attorney is retained to collect or enforce the note. These expenses will bear interest from the date of advance at the Annual Interest Rate on Matured, Unpaid Amounts. Borrower will pay Lender these expenses and interest on demand at the Place for Payment. These expenses and interest will become part of the debt evidenced by the note and will be secured by any security for payment. VI. Usury Savings Interest on the debt evidenced by this note will not exceed the maximum rate or amount of non-usurious interest that may be contracted for, taken, reserved, charged, or received under law. Any interest in excess of that maximum amount will be credited on the Principal Amount or,if the Principal Amount has been paid, refunded. On any acceleration or required or permitted prepayment, any excess interest will be canceled automatically as of the acceleration or prepayment or, if the excess interest has already been paid, credited on the Principal Amount or, if the Principal Amount has been paid, refunded. This provision overrides any conflicting provisions in this note and all other instruments concerning the debt. V11. Other Clauses Each Borrower is responsible for all obligations represented by this note. When the context requires, singular nouns and pronouns include the plural. [Signature on the following page.] BORROWER ALEXA RUBY EVENTS,LLC a Texas Limited Liability Company By: 944.2 Ca44ZC,O Its: Manager 4/7/2025 AMENDED EXHIBIT F (to the Agreement) (Deed of Trust) (See Attached) Deed of Trust Notice of confidentiality rights: If you are a natural person,you may remove or strike any or all of the following information from any instrument that transfers an interest in real property before it is filed for record in the public records: your Social Security number or your driver's license number. Basic Information Date: March 13,2025 Grantor: Alexa Ruby Events, LLC Grantor's Mailing Address: 1207 Casar Chavez Street Austin, Texas 78727 Trustee: Stephanie L. Sandre Trustee's Mailing Address: 309 E. Main St. Round Rock,Texas 78664 Lender: City of Round Rock,Texas Lender's Mailing Address: 221 E. Main St. Round Rock,Texas 78664 Obligation Note Date: March 13, 2025 Original principal amount: $2,650,000.00 Borrower: Alexa Ruby Events,LLC Lender: City of Round Rock,Texas Maturity date: December 31,2029 Property (including any improvements): Fannin Flats, Block A, Lot 1, Round Rock, Texas, a subdivision in Williamson County, Texas. 4921-4146-4608 A. Granting Clause For value received and to secure payment of the Obligation, Grantor conveys the Property to Trustee in trust. Grantor warrants and agrees to defend the title to the Property, subject to the Other Exceptions to Conveyance and Warranty. On payment of the Obligation and all other amounts secured by this deed of trust, this deed of trust will have no further effect, and Lender will release it at Grantor's expense. B. Grantor's Obligations B.1. Grantor agrees to maintain all property and liability insurance coverages with respect to the Property, revenues generated by the Property, and operations on the Property that Lender reasonably requires ("Required Insurance Coverages"), issued by insurers and written on policy forms acceptable to Lender, and as to property loss, that are payable to Lender under policies containing standard mortgagee clauses, and deliver evidence of the Required Insurance Coverages in a form acceptable to Lender before execution of this deed of trust and again at least ten days before the expiration of the Required Insurance Coverages. B.2. Grantor agrees to: a. keep the Property in good repair and condition; b. pay all taxes and assessments on the Property before delinquency, not authorize a taxing entity to transfer its tax lien on the Property to anyone other than Lender, and not request a deferral of the collection of taxes pursuant to section 33.06 of the Texas Tax Code; c. defend title to the Property subject to the Other Exceptions to Conveyance and Warranty and preserve the lien's priority as it is established in this deed of trust; d. obey all laws, ordinances, and restrictive covenants applicable to the Property; e. keep any buildings occupied as required by the Required Insurance Coverages; f. if the lien of this deed of trust is not a first lien, pay or cause to be paid all prior lien notes and abide by or cause to be abided by all prior lien instruments; and g. notify Lender of any change of address. C. Lender's Rights C.1. Lender may appoint in writing one or more substitute trustees, succeeding to all rights and responsibilities of Trustee. 2 C.2. If the proceeds of the Obligation are used to pay any debt secured by prior liens, Lender is subrogated to all the rights and liens of the holders of any debt so paid. C.3. Lender may apply any proceeds received under the property insurance policies covering the Property either to reduce the Obligation or to repair or replace damaged or destroyed improvements covered by the policy. C.4. Notwithstanding the terms of the Note to the contrary, and unless applicable law prohibits, all payments received by Lender from Grantor with respect to the Obligation or this deed of trust may, at Lender's discretion, be applied first to amounts payable under this deed of trust and then to amounts due and payable to Lender with respect to the Obligation,to be applied to late charges,principal, or interest in the order Lender in its discretion determines. C.S. If Grantor fails to perform any of Grantor's obligations, Lender may perform those obligations and be reimbursed by Grantor on demand for any amounts so paid, including attorney's fees, plus interest on those amounts from the dates of payment at the rate stated in the Note for matured, unpaid amounts. The amount to be reimbursed will be secured by this deed of trust. C.6. COLLATERAL PROTECTION INSURANCE NOTICE In accordance with the provisions of section 307.052(a) of the Texas Finance Code, the Beneficiary hereby notifies the Grantor as follows: (A) the Grantor is required to: (i) keep the collateral insured against damage in the amount the Lender specifies; (ii) purchase the insurance from an insurer that is authorized to do business in the state of Texas or an eligible surplus lines insurer; and (iii) name the Lender as the person to be paid under the policy in the event of a loss; (B) the Grantor must, if required by the Lender, deliver to the Lender a copy of the policy and proof of the payment of premiums; and (C) if the Grantor fails to meet any requirement listed in Paragraph (A) or (B), the Lender may obtain collateral protection insurance on behalf of the Grantor at the Grantor's expense. C.7. If a default exists in payment of the Obligation or performance of Grantor's obligations and the default continues after any required notice of the default and the time allowed to cure,Lender may: a. declare the unpaid principal balance and earned interest on the Obligation immediately due; 3 b. exercise Lender's rights with respect to rent under the Texas Property Code as then in effect; C. direct Trustee to foreclose this lien, in which case Lender or Lender's agent will cause notice of the foreclosure sale to be given as provided by the Texas Property Code as then in effect; and d. purchase the Property at any foreclosure sale by offering the highest bid and then have the bid credited on the Obligation. C.8. Lender may remedy any default without waiving it and may waive any default without waiving any prior or subsequent default. D. Trustee's Rights and Duties If directed by Lender to foreclose this lien, Trustee will; D.1. either personally or by agent give notice of the foreclosure sale as required by the Texas Property Code as then in effect; D.2. sell and convey all or part of the Property "AS IS" to the highest bidder for cash with a general warranty binding Grantor, subject to the Prior Lien and to the Other Exceptions to Conveyance and Warranty and without representation or warranty, express or implied, by Trustee; D.3. from the proceeds of the sale,pay, in this order: a. expenses of foreclosure, including a reasonable commission to Trustee; b. to Lender, the full amount of principal, interest, attorney's fees, and other charges due and unpaid; C. any amounts required by law to be paid before payment to Grantor; and d. to Grantor, any balance; and D.4. be indemnified, held harmless, and defended by Lender against all costs, expenses, and liabilities incurred by Trustee for acting in the execution or enforcement of the trust created by this deed of trust, which includes all court and other costs, including attorney's fees, incurred by Trustee in defense of any action or proceeding taken against Trustee in that capacity. 4 E. General Provisions E.1. If any of the Property is sold under this deed of trust, Grantor must immediately surrender possession to the purchaser. If Grantor does not, Grantor will be a tenant at sufferance of the purchaser, subject to an action for forcible detainer. E2. Recitals in any trustee's deed conveying the Property will be presumed to be true. E.3. Proceeding under this deed of trust, filing suit for foreclosure, or pursuing any other remedy will not constitute an election of remedies. E.4. This lien will remain superior to liens later created even if the time of payment of all or part of the Obligation is extended or part of the Property is released. E.5. If any portion of the Obligation cannot be lawfully secured by this deed of trust, payments will be applied first to discharge that portion. E.6. Grantor assigns to Lender all amounts payable to or received by Grantor from condemnation of all or part of the Property, from private sale in lieu of condemnation, and from damages caused by public works or construction on or near the Property. After deducting any expenses incurred, including attorney's fees and court and other costs, Lender will either release any remaining amounts to Grantor or apply such amounts to reduce the Obligation. Lender will not be liable for failure to collect or to exercise diligence in collecting any such amounts. Grantor will immediately give Lender notice of any actual or threatened proceedings for condemnation of all or part of the Property. E.7. Grantor collaterally assigns to Lender all present and future rent from the Property and its proceeds. Grantor warrants the validity and enforceability of the assignment. Grantor will apply all rent to payment of the Obligation and performance of this deed of trust, but if the rent exceeds the amount due with respect to the Obligation and the deed of trust, Grantor may retain the excess. If a default exists in payment of the Obligation or performance of this deed of trust, Lender may exercise Lender's rights with respect to rent under the Texas Property Code as then in effect.Lender neither has nor assumes any obligations as lessor or landlord with respect to any occupant of the Property. Lender may exercise Lender's rights and remedies under this paragraph without taking possession of the Property. Lender will apply all rent collected under this paragraph as required by the Texas Property Code as then in effect. Lender is not required to act under this paragraph and acting under this paragraph does not waive any of Lender's other rights or remedies. E.8. Interest on the debt secured by this deed of trust will not exceed the maximum amount of nonusurious interest that may be contracted for, taken, reserved, charged, or received under law. Any interest in excess of that maximum amount will be credited on the principal of the debt or, if that has been paid, refunded. On any acceleration or required or permitted prepayment, any such excess will be canceled automatically as of the acceleration or prepayment or, if already paid, credited on the principal of the debt or, if the principal of the debt has been paid, refunded. This provision overrides any conflicting provisions in this and all other instruments concerning the debt. 5 E.9. In no event may this deed of trust secure payment of any debt that may not lawfully be secured by a lien on real estate or create a lien otherwise prohibited by law. E.10. Grantor may not sell, transfer, or otherwise dispose of any Property, whether voluntarily or by operation of law, without the prior written consent of Lender. If granted, consent may be conditioned upon (a) the grantee's integrity, reputation, character, creditworthiness, and management ability being satisfactory to Lender; and (b) the grantee's executing, before such sale, transfer, or other disposition, a written assumption agreement containing any terms Lender may require, such as a principal pay down on the Obligation, an increase in the rate of interest payable with respect to the Obligation, a transfer fee, or any other modification of the Note, this deed of trust, or any other instruments evidencing or securing the Obligation. Grantor may not cause or permit any Property to be encumbered by any liens, security interests, or encumbrances other than the liens securing the Obligation and the liens securing ad valorem taxes not yet due and payable without the prior written consent of Lender. If granted, consent may be conditioned upon Grantor's executing, before granting such lien, a written modification agreement containing any terms Lender may require, such as a principal pay down on the Obligation, an increase in the rate of interest payable with respect to the Obligation, an approval fee, or any other modification of the Note, this deed of trust, or any other instruments evidencing or securing the Obligation. Grantor may not grant any lien, security interest, or other encumbrance (a "Subordinate Instrument") covering the Property that is subordinate to the liens created by this deed of trust without the prior written consent of Lender. If granted, consent may be conditioned upon the Subordinate Instrument's containing express covenants to the effect that— a. the Subordinate Instrument is unconditionally subordinate to this deed of trust; b. if any action is instituted to foreclose or otherwise enforce the Subordinate Instrument, no action may be taken that would terminate any occupancy or tenancy without the prior written consent of Lender, and that consent, if granted,may be conditioned in any manner Lender determines; C. rents, if collected by or for the holder of the Subordinate Instrument, will be applied first to the payment of the Obligation then due and to expenses incurred in the ownership, operation, and maintenance of the Property in any order Lender may determine, before being applied to any indebtedness secured by the Subordinate Instrument; d. written notice of default under the Subordinate Instrument and written notice of the commencement of any action to foreclose or otherwise enforce the Subordinate Instrument must be given to Lender concurrently with or immediately after the occurrence of any such default or commencement; and 6 e. in the event of the bankruptcy of Grantor, all amounts due on or with respect to the Obligation and this deed of trust will be payable in full before any payments on the indebtedness secured by the Subordinate Instrument. Grantor may not cause or permit any of the following events to occur without the prior written consent of Lender: if Grantor is (a) a corporation, the termination of the corporation or the sale, pledge, encumbrance, or assignment of any shares of its stock; (b) a limited liability company,the termination of the company or the sale,pledge, encumbrance, or assignment of any of its membership interests; (c) a general partnership or joint venture, the termination of the partnership or venture or the sale, pledge, encumbrance, or assignment of any of its partnership or joint venture interests, or the withdrawal from or admission into it of any general partner or joint venturer; or (d) a limited partnership, (i) the termination of the partnership, (ii)the sale, pledge, encumbrance, or assignment of any of its general partnership interests, or the withdrawal from or admission into it of any general partner, (iii) the sale, pledge, encumbrance, or assignment of a controlling portion of its limited partnership interests, or (iv) the withdrawal from or admission into it of any controlling limited partner or partners. If granted, consent may be conditioned upon (a) the integrity, reputation, character, creditworthiness, and management ability of the person succeeding to the ownership interest in Grantor(or security interest in such ownership) being satisfactory to Lender; and (b) the execution, before such event, by the person succeeding to the interest of Grantor in the Property or ownership interest in Grantor(or security interest in such ownership) of a written modification or assumption agreement containing such terms as Lender may require, such as a principal pay down on the Obligation, an increase in the rate of interest payable with respect to the Obligation, a transfer fee, or any other modification of the Note,this deed of trust, or any other instruments evidencing or securing the Obligation. E.11. When the context requires, singular nouns and pronouns include the plural. E.12. The term Note includes all extensions, modifications, and renewals of the Note and all amounts secured by this deed of trust. E.13. This deed of trust binds, benefits, and may be enforced by the successors in interest of all parties. E.14. If Grantor and Borrower are not the same person, the term Grantor includes Borrower. E.15. Grantor and each surety, endorser, and guarantor of the Obligation waive, to the extent permitted by law, all (a) demand for payment, (b) presentation for payment, (c) notice of intention to accelerate maturity, (d) notice of acceleration of maturity, (e) protest, (f) notice of protest, and(g)rights under sections 51.003, 51.004, and 51.005 of the Texas Property Code. E.16. Grantor agrees to pay reasonable attorney's fees, trustee's fees, and court and other costs of enforcing Lender's rights under this deed of trust. E.17. If any provision of this deed of trust is determined to be invalid or unenforceable, the validity or enforceability of any other provision will not be affected. 7 E.18. The term Lender includes any mortgage servicer for Lender. E.19. Grantor hereby grants Lender a right of first refusal with respect to Grantor's power to authorize any third party (other than Lender pursuant to its rights as set forth in this instrument) to pay ad valorem taxes on the Property and authorize a taxing entity to transfer its tax lien on the Property to that third party. Grantor's authorization to any third party (other than Lender) to pay the ad valorem taxes and receive transfer of a taxing entity's lien for ad valorem taxes shall be null and void and of no force and effect unless Lender, within ten days after receiving written notice from Grantor, fails to pay the ad valorem taxes pursuant to Lender's rights as set forth in this instrument. E.20. Grantor represents that this deed of trust and the Note are given for the following purposes: for business or commercial purposes and not for personal, family, or household purposes. Grantor agrees not to grant any lien or security interest in the Property or to permit any junior encumbrance to be recorded or any claim to otherwise become an encumbrance against the Property. If an involuntary encumbrance is filed against the Property, Grantor agrees, within thirty days, to either remove the involuntary encumbrance or provide a bond acceptable to Lender against the involuntary encumbrance. Lender may declare the debt secured by this deed of trust immediately payable and invoke any remedies provided in this deed of trust for default if Grantor transfers any of the Property to a person who is not a permitted transferee without Lender's consent or, if Grantor is not a natural person, if any person owning a direct or indirect interest in Grantor transfers such interest to a person that is not a"permitted transferee"without Lender's consent. If all or any part of the Property is sold, transferred, or conveyed without the prior written consent of Lender or other holder of the Note, Lender or other holder of the Note may, at its sole option, declare the outstanding principal balance of the Note plus accrued interest immediately due and payable. Lender or other holder of the Note has no obligation to consent to any such sale or conveyance of the Property, and Lender or other holder of the Note is entitled to condition any consent on a change in the interest rate that will thereafter apply to the Note and any other change in the terms of the Note or Deed of Trust that Lender or other holder of the Note in its sole discretion deems appropriate. A lease for a period longer than three years, a lease with an option to purchase, or a contract for deed will be deemed to be a sale, transfer, or conveyance of the Property for purposes of this provision. Any deed under threat or order of condemnation, any conveyance solely between makers, and the passage of title by reason of death of a maker or by operation of law will not be construed as a sale or conveyance of the Property. The creation of a subordinate lien without the consent of Lender or other holder of the Note will be construed as a sale or conveyance of the Property, but any subsequent sale under a subordinate lien to which Lender or other holder of the Note has consented will not be construed as a sale or conveyance of the Property. 8 GRANTOR: Alexa Ruby Events, LLC By: Manager , its 4[712026 ACKNOWLEDGMENT SARAH RICKAWAY THE STATE OF TEXAS § Notary Public,Stats of Texas Comm.Expires 09-08-2027 COUNTY OF WILLIAMSON § ,°;,; Notary ID 132156520 This instrumq}t was acknowledged before me on this the -7 day of the month of AVO( 2025, by OOZ (' Wto [name], [title] of Alexa Ruby Events, LLC known by me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed the same in the capacity and for the purposes and consideration therein expressed. Signature CAr* �i Uc.awu�i Printed Name D Notary Public, State of T M% 9