Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
New ERA Energy & Digital, Inc. amended Deed Amendments with Odessa Industrial Development Corporation, d/b/a Grow Odessa valued at $4,347,500 (effective 2026-03-25).
- Action
- amendment
- Counterparty
- Odessa Industrial Development Corporation, d/b/a Grow Odessa
- Value
- $4,347,500
- Effective
- 2026-03-25
Exact text from the filing
On March 25, 2026, Texas Critical Data Centers LLC (“ TCDC ”), a wholly owned subsidiary of New Era Energy & Digital, Inc. (the “ Company ”), and Odessa Industrial Development Corporation, d/b/a Grow Odessa (“ Grow Odessa ”), entered into (i) an amendment to that certain Special Warranty Deed recorded as Document No. 2025-00014469 in the Official Public Records of Ector County, Texas and (ii) an amendment to that certain Special Warranty Deed recorded as Document No. 2025-00024528 in the Official Public Records of Ector County, Texas (collectively, the “ Deed Amendments ”), providing for, among other things, the elimination of certain rights of Grow Odessa to repurchase the property described in the Special Warranty Deeds from TCDC.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
New ERA Energy & Digital, Inc. entered into Promissory Note with Odessa Industrial Development Corporation, d/b/a Grow Odessa valued at $3,347,500 (effective 2026-03-25).
- Action
- entry
- Counterparty
- Odessa Industrial Development Corporation, d/b/a Grow Odessa
- Value
- $3,347,500
- Effective
- 2026-03-25
Exact text from the filing
In connection with the Deed Amendments, TCDC agreed to pay Grow Odessa an aggregate amount equal to $4,347,500, of which $3,347,500 is payable in the form of a promissory note (the “ Promissory Note ”) and $1,000,000 is payable in cash.
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