AmBase Corporation obtains $100K CEO loan for working capital

AmBase Corp

Loan of $100,000 from Chairman/President/CEO Richard A. Bianco at 6.5% annual interest for working capital.
Maturity on earlier of receipt of funds from certain sources (excluding litigation funding) or Jan 31, 2029.
Bianco may convert amounts into a litigation funding agreement on pari passu basis with other funders.
Company reaffirms going concern qualification and continues to evaluate strategic funding alternatives.
Note is senior unsecured; company cannot incur senior debt (except litigation funding) without Bianco's consent.

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