AmBase Corp. CEO provides $400k loan at 6.5% for working capital

AmBase Corp

$400k senior promissory note to Chairman/CEO Richard A. Bianco at 6.5% interest.
Loan due on earlier of receipt of sufficient funds (excluding litigation funding for 111 West 57th) or March 31, 2028.
CEO can convert amounts due into a litigation funding agreement pari passu with third-party funders.
Company continues to explore up to $5M in third-party litigation funding for 111 West 57th litigation costs.
Company's financials include going concern qualification; needs additional cash for operations and litigation.

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