SEC Contract Filing

Filing Date: 2024-04-02

Document Content:
<DOCUMENT>
<TYPE>EX-10.6
<SEQUENCE>7
<FILENAME>lfr-20240327xex10d6.htm
<DESCRIPTION>EX-10.6
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge 10.5.122.0--><!--Created on: 4/2/2024 06:34:21 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:13.73%;padding-right:13.56%;position:relative;"><div style="margin-top:30pt;min-height:33pt;width:100%;"><p style="font-family:'Georgia';font-size:11pt;text-align:justify;margin:0pt;">Ex 10.6</p></div><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Georgia';font-size:11pt;font-weight:bold;margin-bottom:9pt;margin-left:0pt;text-align:center;"><font style="white-space:nowrap;">Article 8&#160;</font>GUARANTY<b style="font-weight:bold;letter-spacing:-0.25pt;"> </b>OF<b style="font-weight:bold;letter-spacing:-0.2pt;"> </b><b style="font-weight:bold;letter-spacing:-0.1pt;">PAYMENT</b></div><p style="font-family:'Georgia';font-size:11pt;text-align:justify;margin:4.19pt 0pt 12pt 0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 6.85pt 0pt 6pt;"><b style="font-size:12pt;font-weight:bold;">THIS GUARANTY OF PAYMENT </b><font style="font-size:12pt;">(&#8220;</font><b style="font-size:12pt;font-weight:bold;">Guaranty</b><font style="font-size:12pt;">&#8221;) is made this 27</font><sup style="font-size:9pt;vertical-align:top;">th</sup><font style="font-size:12pt;"> day of March, 2024, by </font><b style="font-size:12pt;font-weight:bold;">NORMAN H. LESLIE</b><font style="font-size:12pt;">, an individual (the &#8220;</font><b style="font-size:12pt;font-weight:bold;">Guarantor</b><font style="font-size:12pt;">&#8221;), in favor of </font><b style="font-size:12pt;font-weight:bold;">BLUEBIRD CREDIT EM LLC</b><font style="font-size:12pt;">, a Delaware limited liability company (including its successors, transferees and assigns, the &#8220;</font><b style="font-size:12pt;font-weight:bold;">Lender</b><font style="font-size:12pt;">&#8221;).</font></p><p style="font-family:'Georgia';font-size:11pt;text-align:center;margin:12pt 0pt 12pt 34.95pt;"><font style="letter-spacing:-0.1pt;">RECITALS:</font></p><div style="margin-top:12pt;"></div><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 6.75pt 0pt 6pt;"><font style="display:inline-block;font-size:12pt;min-width:35.95pt;text-indent:0pt;white-space:nowrap;">A.</font><font style="font-size:12pt;">Lender and </font><b style="font-size:12pt;font-weight:bold;">LF3 LAKEWOOD, LLC</b><font style="font-size:12pt;">, a Delaware limited liability company (together with its successors and/or assigns, &#8220;</font><b style="font-size:12pt;font-weight:bold;">Lakewood Borrower</b><font style="font-size:12pt;">&#8221;), and </font><b style="font-size:12pt;font-weight:bold;">LF3 LAKEWOOD TRS, LLC</b><font style="font-size:12pt;">, a Delaware limited liability company (together with its successors and/or assigns, &#8220;</font><b style="font-size:12pt;font-weight:bold;">Operator</b><font style="font-size:12pt;">&#8221;; and Lakewood Borrower are, individually and/or collectively (as the context requires) referred to herein as &#8220;</font><b style="font-size:12pt;font-weight:bold;">Borrower</b><font style="font-size:12pt;">&#8221;) have entered into a certain Loan Agreement (as it may hereafter be modified, supplemented, extended, or renewed and in effect from time to time, the &#8220;</font><b style="font-size:12pt;font-weight:bold;">Loan Agreement</b><font style="font-size:12pt;">&#8221;), which Loan Agreement sets forth the terms and conditions of a loan (said loan, together with all advances which may hereafter be made pursuant to the Loan Agreement, being referred</font><font style="font-size:12pt;letter-spacing:2pt;"> </font><font style="font-size:12pt;">to herein as the &#8220;</font><b style="font-size:12pt;font-weight:bold;">Loan</b><font style="font-size:12pt;">&#8221;) to Borrower secured by certain Property as defined and more particularly described in the Loan Agreement.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:12pt 6.8pt 0pt 6pt;"><font style="display:inline-block;font-size:12pt;min-width:35.95pt;text-indent:0pt;white-space:nowrap;">B.</font><font style="font-size:12pt;">Guarantor is an Affiliate of Borrower and will receive direct or indirect benefit from Lender making of the Loan to Borrower.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:12.05pt 6.85pt 0pt 6pt;"><font style="display:inline-block;font-size:12pt;min-width:35.95pt;text-indent:0pt;white-space:nowrap;">C.</font><font style="font-size:12pt;">The Loan is evidenced by a certain Promissory Note executed by</font><font style="font-size:12pt;letter-spacing:2pt;"> </font><font style="font-size:12pt;">Borrower and payable to the order of Lender (such Promissory Note, as it may hereafter be renewed, extended, supplemented, increased or modified and in effect from time to time, and all other notes given in substitution therefor, or in modification, renewal, or extension thereof, in whole or in part, is herein called the &#8220;</font><b style="font-size:12pt;font-weight:bold;">Note</b><font style="font-size:12pt;">&#8221;).</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:12pt 6.85pt 0pt 6pt;"><font style="display:inline-block;font-size:12pt;min-width:35.95pt;text-indent:0pt;white-space:nowrap;">D.</font><font style="font-size:12pt;">Any capitalized term used and not defined