SEC Contract Filing

Filing Date: 2025-01-22

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ea022831801ex10-1_safe.htm
<DESCRIPTION>LOAN AGREEMENT, DATED JANUARY 16, 2025
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: capitalize"><B>Exhibit
10.1</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right"><IMG SRC="ex10-1_001.jpg" ALT=""></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">LOAN AGREEMENT <BR>
LOAN NO. 75002</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
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 <TD STYLE="white-space: nowrap; font-weight: bold; width: 16%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; text-decoration: none"><B>Date:
 </B></FONT></TD>
 <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none">January
 16, 2025</FONT></TD></TR>
 <TR STYLE="vertical-align: bottom">
 <TD STYLE="white-space: nowrap"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; text-decoration: none"><B>&nbsp;</B></FONT></TD>
 <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
 <TR STYLE="vertical-align: bottom">
 <TD STYLE="white-space: nowrap; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; text-decoration: none"><B>Loan
 No.: </B></FONT></TD>
 <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none">75002</FONT></TD></TR>
 <TR STYLE="vertical-align: bottom">
 <TD STYLE="white-space: nowrap"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; text-decoration: none"><B>&nbsp;</B></FONT></TD>
 <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
 <TR STYLE="vertical-align: bottom">
 <TD STYLE="white-space: nowrap; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; text-decoration: none"><B>Borrower:
 </B></FONT></TD>
 <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none">Sugar
 Phase 1, LLC</FONT></TD></TR>
 <TR STYLE="vertical-align: bottom">
 <TD STYLE="white-space: nowrap"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; text-decoration: none"><B>&nbsp;</B></FONT></TD>
 <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">2915 Rio Red Circle</FONT></TD></TR>
 <TR STYLE="vertical-align: bottom">
 <TD STYLE="white-space: nowrap"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
 <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Edinburg, Texas 78541</FONT></TD></TR>
 <TR STYLE="vertical-align: bottom">
 <TD STYLE="white-space: nowrap"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
 <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
 <TR STYLE="vertical-align: bottom">
 <TD STYLE="white-space: nowrap; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; text-decoration: none"><B>Lender:</B></FONT></TD>
 <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal; text-decoration: none">Construction
 Loan Services II, LLC </FONT></TD></TR>
 <TR STYLE="vertical-align: bottom">
 <TD STYLE="white-space: nowrap"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; text-decoration: none"><B>&nbsp;</B></FONT></TD>
 <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">1019 39th Ave SE, STE 220</FONT></TD></TR>
 <TR STYLE="vertical-align: bottom">
 <TD STYLE="white-space: nowrap"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
 <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none">Puyallup,
 WA 98374</FONT></TD></TR>
 <TR STYLE="vertical-align: bottom">
 <TD STYLE="white-space: nowrap"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; text-decoration: none"><B>&nbsp;</B></FONT></TD>
 <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Attn: Joe Neill</FONT></TD></TR>
 <TR STYLE="vertical-align: bottom">
 <TD STYLE="white-space: nowrap"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
 <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
 <TR STYLE="vertical-align: bottom">
 <TD STYLE="white-space: nowrap; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; text-decoration: none"><B>Committed
 Loan Amount: </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;</FONT></B></TD>
 <TD STYLE="f