AmBase Corporation announced that it has entered into 7% non convertible Senior Promissory Note with returning investor Richard A. Bianco for the gross proceeds of $300,000 on October 6, 2023. The Promissory Note is due on the earlier of the date the Company receives funds from any source, sufficient to pay all amounts due under this this Note, including all accrued interest thereon, including without limitation, from a settlement of the 111 West 57 the legal proceedings or October 31, 2025. The securities, debt securities, loans, or any combination thereof.

Any sale of securities by the Company may not be offered or sold absent registration under the Securities Act of 1933, as amended (the ?Act?), or an applicable exemption from such registration, which may include exemptions pursuant to Rules 506(b) or 506(c) of Regulation D under the Act.