Common use of VARIABLE INTEREST RATE Clause in Contracts

VARIABLE INTEREST RATE. The interest rate on this loan is subject to change from time to time based on changes in an independent index which is the U.S. Prime Rate as published by the Wall Street Journal and currently is determined by the base rate on corporate loans posted by at least seventy percent (70%) of the nations ten (10) largest banks (the “Index”). The Index is not necessarily the lowest rate charged by Lender on its loans. Lender will tell Borrower the current Index rate upon Borrower’s request. The interest rate change will not occur more often than each day during the term of the loan. If at any time the Index is less than zero, then it shall be deemed to be zero for the purpose of calculating the interest rate on this Note. Borrower understands that Lender may make loans based on other rates as well. The Index currently is 3.250% per annum. Interest on the unpaid principal balance of this loan will be calculated as described in the “INTEREST CALCULATION METHOD” paragraph using a rate of 0.250 percentage points under the Index (the “Margin”), adjusted if necessary for any minimum and maximum rate limitations described below, resulting in an initial rate of 3.000% per annum based on a year of 360 days. If Lender determines, in its sole discretion, that the Index has become unavailable or unreliable, either temporarily, indefinitely, or permanently, during the term of this loan, Lender may amend this loan by designating a substantially similar substitute index. Lender may also amend and adjust the Margin to accompany the substitute index. The change to the Margin may be a positive or negative value, or zero. In making these amendments, Lender may take into consideration any then-prevailing market convention for selecting a substitute index and margin for the specific index that is unavailable or unreliable. Such an amendment to the terms of this loan will be effective and bind Borrower 10 business days after Lender gives written notice to Borrower without any action or consent of the Borrower. NOTICE: Under no circumstances will the interest rate on this loan be less than 3.000% per annum more than the maximum rate allowed by applicable law. INTEREST CALCULATION METHOD. Interest on this loan is computed on a 365/360 basis; that is, by applying the ratio of the interest rate over a year of 360 days, multiplied by the outstanding principal balance, multiplied by the actual number of days the principal balance is outstanding. All interest payable under this loan is computed using this method.

VARIABLE INTEREST RATE. The interest rate on this loan Note is subject to change from time to time based on changes in an independent index which is the London Interbank Offered Rate (commonly known as "LIBOR") for U.S. Prime Rate as Dollar Deposits published by the Wall Street Journal and currently is determined by as the base rate on corporate loans posted by at least seventy percent "One (70%1) of the nations ten (10) largest banks Month LIBOR Rate" (the “"Index”"). The Index is not necessarily the lowest rate charged by Lender on its loans. If the Index becomes unavailable during the term of this loan, Lender may designate a substitute index after notifying Borrower. Lender will tell Borrower the current Index rate upon Borrower’s 's request. The interest rate change will not occur more often than each first (1st) day of every month during the term of the loanNote. The interest rate will be adjusted and determined without notice to Borrower using the Index as of the date that is two (2) London Banking Days prior to each interest rate change date. "London Banking Day" means any day, other than a Saturday or Sunday, on which commercial banking institutions in London, England, are generally open for business. At Lender's option, the Index and/or the interest rate may be rounded upwards to the next higher one one-hundredth of one percent (0.01%). If at any time the Index is less than zero, then it shall be deemed to be zero for the purpose of calculating the interest rate on this Note. Borrower understands that Lender may make loans based on other rates as well. The Index currently is 3.2500.460% per annum. Interest prior to maturity on the unpaid principal balance of this loan Note will be calculated as described in the “"INTEREST CALCULATION METHOD” " paragraph using a rate of 0.250 3.250 percentage points under over the Index (the “Margin”), adjusted if necessary for any minimum and maximum rate limitations described belowIndex, resulting in an initial rate of 3.0003.710% per annum based on a year of 360 days. If Lender determines, in its sole discretion, that the Index has become unavailable or unreliable, either temporarily, indefinitely, or permanently, during the term of this loan, Lender may amend this loan by designating a substantially similar substitute index. Lender may also amend and adjust the Margin to accompany the substitute index. The change to the Margin may be a positive or negative value, or zero. In making these amendments, Lender may take into consideration any then-prevailing market convention for selecting a substitute index and margin for the specific index that is unavailable or unreliable. Such an amendment to the terms of this loan will be effective and bind Borrower 10 business days after Lender gives written notice to Borrower without any action or consent of the Borrower. NOTICE: Under no circumstances will the interest rate on this loan Note be less than 3.000% per annum more than the maximum rate allowed by applicable law. INTEREST CALCULATION METHOD. Interest on For purposes of this loan is computed on a 365/360 basis; that isNote, the "maximum rate allowed by applying applicable law" means the ratio greater of (A) the maximum rate of interest permitted under federal or other law applicable to the indebtedness evidenced by this Note, or (B) the "Quarterly Ceiling" as referred in Section 303.006 of the interest rate over a year of 360 days, multiplied by the outstanding principal balance, multiplied by the actual number of days the principal balance is outstanding. All interest payable under this loan is computed using this methodTexas Finance Code.

VARIABLE INTEREST RATE. The interest rate on this loan is subject to change from time to time based on changes in an independent index which is the U.S. Prime Rate as published by the Wall Street Journal and currently is determined by the base rate on corporate loans posted by at least seventy percent (70%) of the nations ten (10) largest banks (the “Index”). The Index is not necessarily the lowest rate charged by Lender on its loans. Lender will tell Borrower the current Index rate upon Borrower’s request. The interest rate change will not occur more often than each day during the term of the loan. If at any time the Index is less than zero, then it shall be deemed to be zero for the purpose of calculating the interest rate on this Note. Borrower understands that Lender may make loans based on other rates as well. The Index currently is 3.250% per annum. Interest on the unpaid principal balance of this loan will be calculated as described in the “INTEREST CALCULATION METHOD” paragraph using a rate of 0.250 percentage points under the Index (the “Margin”), adjusted if necessary for any minimum and maximum rate limitations described below, resulting in an initial rate of 3.000% per annum based on a year of 360 days. If Lender determines, in its sole discretion, that the Index has become unavailable or unreliable, either temporarily, indefinitely, or permanently, during the term of this loan, Lender may amend this loan by designating a substantially similar substitute index. Lender may also amend and adjust the Margin to accompany the substitute index. The change to the Margin may be a positive or negative value, or zero. In making these amendments, Lender may take into consideration any then-prevailing market convention for selecting a substitute index and margin for the specific index Index that is unavailable or unreliable. Such an amendment to the terms of this loan will be become effective and bind Borrower 10 business days after Lender gives written notice to Borrower without any action or consent of the Borrower. NOTICE: Under no circumstances will the interest rate on this loan be less than 3.000% per annum or more than the maximum rate allowed by applicable law. INTEREST CALCULATION METHOD. Interest on this loan is computed on a 365/360 basis; that is, by applying the ratio of the interest rate over a year of 360 days, multiplied by the outstanding principal balance, multiplied by the actual number of days the principal balance is outstanding. All interest payable under this loan is computed using this method.

VARIABLE INTEREST RATE. The For the first 60 payments, the interest rate on this loan will be 3.950%. Thereafter, the interest rate on this Note is subject to change from time to time based on changes in an independent index which is the U.S. Prime One (1) year Constant Maturity Treasury Rate as published by in the Wall Street Journal and currently is determined by the base rate on corporate loans posted by at least seventy percent (70%) of the nations ten (10) largest banks Federal Reserve Statistical Release H.15 (the “"Index”"). The Index is not necessarily the lowest rate charged by Lender on its loans. Lender will tell Borrower the current Index rate upon Borrower’s request. The interest rate change will not occur more often than each day during the term of the loan. If at any time the Index is less than zero, then it shall be deemed to be zero for the purpose of calculating the interest rate on this Note. Borrower understands that Lender may make loans based on other rates as well. The Index currently is 3.250% per annum. Interest on the unpaid principal balance of this loan will be calculated as described in the “INTEREST CALCULATION METHOD” paragraph using a rate of 0.250 percentage points under the Index (the “Margin”), adjusted if necessary for any minimum and maximum rate limitations described below, resulting in an initial rate of 3.000% per annum based on a year of 360 days. If Lender determines, in its sole discretion, that the Index for this Note has become unavailable or unreliable, either temporarily, indefinitely, or permanently, during the term of this loanNote, Lender may amend this loan Note by designating a substantially similar substitute index. Lender may also amend and adjust any margin corresponding to the Margin Index being substituted to accompany the substitute index. Margins corresponding to the Index are described in the "Payments" section. The change to the Margin margin may be a positive or negative value, or zero. In making these amendments, Lender may take into consideration any then-prevailing market convention for selecting a substitute index and margin for the specific index Index that is unavailable or unreliable. Such an amendment to the terms of this loan Note will be become effective and bind Borrower 10 business days after Lender Xxxxxx gives written notice to Borrower without any action or consent of the Borrower. Lender will tell Borrower the current Index rate upon Xxxxxxxx's request. The interest rate change will not occur more often than each twelve (12) months. Borrower understands that Lender may make loans based on other rates as well. The interest rate or rates to be applied to the unpaid principal balance during this Note will be the rate or rates set forth herein in the "Payment" section. Notwithstanding any other provision of this Note, after the first payment stream, the interest rate for each subsequent payment stream will be effective as of the due date of the last payment in the just-ending payment stream. NOTICE: Under no circumstances will the interest rate on this loan Note be less than 3.0003.950% per annum or more than the maximum rate allowed by applicable law. INTEREST CALCULATION METHOD. Interest Notwithstanding the above provisions, the maximum increase or decrease in the interest rate at any one time on this loan will not exceed 2.000 percentage points. The initial fixed rate is computed on a 365/360 basis; that isnot considered in applying this limitation. Whenever increases occur in the interest rate, by applying the ratio Lender, at its option, may do one or more of the interest rate over a year of 360 daysfollowing: (A) increase Borrower's payments to ensure Borrower's loan will pay off by its original final maturity date, multiplied by (B) increase Borrower's payments to cover accruing interest, (C) increase the outstanding principal balance, multiplied by the actual number of days Borrower's payments, and (D) continue Borrower's payments at the principal balance is outstanding. All interest payable under this loan is computed using this methodsame amount and increase Borrower's final payment.

VARIABLE INTEREST RATE. The interest rate on this loan Note is subject to change from time to time based and interest shall accrue on changes in an independent index which is the U.S. Prime Rate as published by outstanding amounts under this Note at the Wall Street Journal and currently is determined by the base following floating rate on corporate loans posted by at least seventy percent (70%) of the nations ten (10) largest banks interest per annum (the “Index”). The Index is not necessarily the lowest ): an adjusted rate charged by Lender on its loans. Lender will tell Borrower the current Index rate upon Borrower’s request. The interest rate change will not occur more often than each day during the term of the loan. If at any time the Index is less than zero, then it shall be deemed to be zero for the purpose of calculating the interest rate on this Note. Borrower understands that Lender may make loans based on other rates as well. The Index currently is 3.250% per annum. Interest on the unpaid principal balance of this loan will be calculated as described in the “INTEREST CALCULATION METHOD” paragraph using a rate of 0.250 percentage points under the Index (the “Adjusted Term SOFR Rate”) that is equal to: (1) the greater of (A) five percent (5.0%) (the “Floor”) and (B) the forward-looking term rate based on SOFR for a one month period (to the extent that such tenor is available to Lender and Lender has determined it can be administered), as quoted by Lender based on the website of the CME Group Benchmark Administration Limited (CBA) (or a successor administrator of the Term SOFR Rate selected by Lender (the “Term SOFR Administrator”))(“Term SOFR”), based on the applicable Term SOFR rate as determined by Lender and as in effect on each applicable date of determination, in each case, as such Term SOFR rate changes and is recalculated from time to time in accordance with the terms below, and as adjusted for all applicable reserve requirements and any costs arising from time to time in connection with a change in government regulation as reasonably determined by Lender (such higher amount, the “Term SOFR Rate”), plus (2) two and one half percent (2.5%) (the “Term SOFR Margin”), adjusted if necessary for any minimum and maximum rate limitations described below, resulting in an initial rate of 3.000% per annum based on a year of 360 days. If Lender determines, in its sole discretion; provided, that in the Index has become unavailable or unreliableevent Borrower enters into an interest swap with Lender with respect to interest accruing under this Note, either temporarily, indefinitely, or permanently, during the term Floor will automatically be deemed not to apply to the principal portion of this loan, Lender may amend this loan by designating a substantially similar substitute index. Lender may also amend and adjust the Margin to accompany the substitute index. The change to the Margin may be a positive or negative value, or zero. In making these amendments, Lender may take into consideration any then-prevailing market convention for selecting a substitute index and margin Note that is so hedged for the specific index that duration of such interest rate swap transaction and the foregoing is unavailable limited solely to an interest rate swap transaction with the Lender and shall not apply to any other derivative product, such as in interest rate cap or unreliablecollar. Such an amendment to Interest accrued during each calendar month shall be due and payable on the terms of this loan will be effective and bind Borrower 10 business days after Lender gives written notice to Borrower without any action or consent first day of the Borrowerfollowing calendar month, with the first such interest payment due on January 1, 2023. NOTICE: Under no circumstances will the interest rate on this loan be less than 3.000% per annum more than the maximum rate allowed by applicable law. INTEREST CALCULATION METHOD. Interest on this loan is computed on a 365/360 basis; that isAMENDED AND RESTATED REVOLVING CREDIT NOTE U.S. $7,000,000.00 Dated as of December 29, by applying the ratio of the interest rate over a year of 360 days, multiplied by the outstanding principal balance, multiplied by the actual number of days the principal balance is outstanding. All interest payable under this loan is computed using this method.2022

VARIABLE INTEREST RATE. The interest rate on this loan Note is subject to change from time to time based and interest shall accrue on changes in an independent index which is the U.S. Prime Rate as published by outstanding amounts under this Note at the Wall Street Journal and currently is determined by the base following floating rate on corporate loans posted by at least seventy percent (70%) of the nations ten (10) largest banks interest per annum (the “Index”). The Index is not necessarily the lowest ): an adjusted rate charged by Lender on its loans. Lender will tell Borrower the current Index rate upon Borrower’s request. The interest rate change will not occur more often than each day during the term of the loan. If at any time the Index is less than zero, then it shall be deemed to be zero for the purpose of calculating the interest rate on this Note. Borrower understands that Lender may make loans based on other rates as well. The Index currently is 3.250% per annum. Interest on the unpaid principal balance of this loan will be calculated as described in the “INTEREST CALCULATION METHOD” paragraph using a rate of 0.250 percentage points under the Index (the “Adjusted Term SOFR Rate”) that is equal to: (1) the greater of (A) five percent (5.0%) (the “Floor”) and (B) the forward-looking term rate based on SOFR for a one month period (to the extent that such tenor is available to Lender and Lender has determined it can be administered), as quoted by Lender based on the website of the CME Group Benchmark Administration Limited (CBA) (or a successor administrator of the Term SOFR Rate selected by Lender (the “Term SOFR Administrator”))(“Term SOFR”), based on the applicable Term SOFR rate as determined by Lender and as in effect on each applicable date of determination, in each case, as such Term SOFR rate changes and is recalculated from time to time in accordance with the terms below, and as adjusted for all applicable reserve requirements and any costs arising from time to time in connection with a change in government regulation as reasonably determined by Lender (such higher amount, the “Term SOFR Rate”), plus (2) two and one half percent (2.5%) (the “Term SOFR Margin”), adjusted if necessary for any minimum and maximum rate limitations described below, resulting in an initial rate of 3.000% per annum based on a year of 360 days. If Lender determines, in its sole discretion; provided, that in the Index has become unavailable or unreliableevent Borrower enters into an interest swap with Lender with respect to interest accruing under this Note, either temporarily, indefinitely, or permanently, during the term Floor will automatically be deemed not to apply to the principal portion of this loan, Lender may amend this loan by designating a substantially similar substitute index. Lender may also amend and adjust the Margin to accompany the substitute index. The change to the Margin may be a positive or negative value, or zero. In making these amendments, Lender may take into consideration any then-prevailing market convention for selecting a substitute index and margin Note that is so hedged for the specific index that duration of such interest rate swap transaction and the foregoing is unavailable limited solely to an interest rate swap transaction with the Lender and shall not apply to any other derivative product, such as in interest rate cap or unreliablecollar. Such an amendment to Interest accrued during each calendar month shall be due and payable on the terms of this loan will be effective and bind Borrower 10 business days after Lender gives written notice to Borrower without any action or consent first day of the Borrowerfollowing calendar month, with the first such interest payment due on January 1, 2023. NOTICE: Under no circumstances will the interest rate on this loan be less than 3.000% per annum more than the maximum rate allowed by applicable law. INTEREST CALCULATION METHOD. Interest on this loan is computed on a 365/360 basis; that isSUPPLEMENTAL REVOLVING CREDIT NOTE U.S. $3,000,000.00 Dated as of December 29, by applying the ratio of the interest rate over a year of 360 days, multiplied by the outstanding principal balance, multiplied by the actual number of days the principal balance is outstanding. All interest payable under this loan is computed using this method.2022

VARIABLE INTEREST RATE. The interest rate on this loan Note is subject to change from time to time based on changes in an independent index which is the London Interbank Offered Rate (commonly known as "LIBOR") for U.S. Prime Rate as Dollar Deposits published by the Wall Street Journal and currently is determined by as the base rate on corporate loans posted by at least seventy percent "One (70%1) of the nations ten (10) largest banks Month LIBOR Rate" (the “"Index”"). The Index is not necessarily the lowest rate charged by Lender on its loans. If the Index becomes unavailable during the term of this loan, Lender may designate a substitute index after notifying Borrower. Lender will tell Borrower the current Index rate upon Borrower’s 's request. The interest rate change will not occur more often than each first (1st) day of every month during the term of the loanNote. The interest rate will be adjusted and determined without notice to Borrower using the Index as of the date that is two (2) London Banking Days prior to each interest rate change date. "London Banking Day" means any day, other than a Saturday or Sunday, on which commercial banking institutions in London, England, are generally open for business. At Lender's option, the Index and/or the interest rate may be rounded upwards to the next higher one one-hundredth of one percent (0.01%). If at any time the Index is less than zero, then it shall be deemed to be zero for the purpose of calculating the interest rate on this Note. Borrower understands that Lender may make loans based on other rates as well. The Index currently is 3.2500.460% per annum. Interest prior to maturity on the unpaid principal balance of this loan Note will be calculated as described in the “"INTEREST CALCULATION METHOD” " paragraph using a rate of 0.250 3.250 percentage points under over the Index (the “Margin”), adjusted if necessary for any minimum and maximum rate limitations described belowIndex, resulting in an initial rate of 3.0003.710% per annum based on a year of 360 days. If Lender determines, in its sole discretion, that the Index has become unavailable or unreliable, either temporarily, indefinitely, or permanently, during the term of this loan, Lender may amend this loan by designating a substantially similar substitute index. Lender may also amend and adjust the Margin to accompany the substitute index. The change to the Margin may be a positive or negative value, or zero. In making these amendments, Lender may take into consideration any then-prevailing market convention for selecting a substitute index and margin for the specific index that is unavailable or unreliable. Such an amendment to the terms of this loan will be effective and bind Borrower 10 business days after Lender gives written notice to Borrower without any action or consent of the Borrower. NOTICE: Under no circumstances will the interest rate on this loan Note be less than 3.000% per annum more than the maximum rate allowed by applicable law. INTEREST CALCULATION METHOD. Interest on For purposes of this loan is computed on a 365/360 basis; that isNote, the "maximum rate allowed by applying applicable law" means the ratio greater of (A) the maximum rate of interest permitted under federal or other law applicable to the indebtedness evidenced by this Note, or (B) the "Quarterly Ceiling" as referred to in Section 303.006 of the interest rate over a year of 360 days, multiplied by the outstanding principal balance, multiplied by the actual number of days the principal balance is outstanding. All interest payable under this loan is computed using this methodTexas Finance Code.