AmBase Corporation obtains $333K loan from CEO at 7% for working capital

AmBase Corp

Senior promissory note from Chairman/CEO Richard A. Bianco for $333,000 at 7% annual interest.
Loan matures July 31, 2025, or earlier upon receipt of sufficient funds (excluding litigation funding for 111 West 57th).
Bianco may convert amounts due into a litigation funding agreement pari passu with any third-party litigation funder.
Company continues to seek approximately $7 million in funding from various sources; no assurance of success.

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