$13,826,834.00 Fort Worth, Texas February 11, 2015 Promise to Pay. For value received, MAALT, L.P., a Texas limited partnership, and GHMR OPERATIONS, L.L.C., a Texas limited liability company (collectively Borrowers), jointly and severally promise to pay to the order of PLAINSCAPITAL BANK (Lender), at its offices in Tarrant County, Texas, at 801 Houston Street, Fort Worth, Texas 76102, the sum of Thirteen Million Eight Hundred Twenty-Six Thousand Eight Hundred Thirty-Four Dollars ($13,826,834.00) (Total Principal Amount), or such amount less than the Total Principal Amount which is outstanding from time to time, in legal and lawful money of the United States of America, together with interest thereon from this date until maturity at a fixed rate equal to the lesser of (i)five percent (5.00%)per annum, subject to the Adjustment Date described below, or (ii)the Maximum Rate. Maximum Rate shall mean at the particular time in question the maximum rate of interest which, under applicable law, may then be charged on this Term Note. Adjustment Date means June15, 2019, and thereafter, the rate on this Term Note shall be as set forth in Subsection (a)of Section1 of the Loan Agreement (as defined below).
$3,850,497.00 Fort Worth, Texas February9, 2016 Promise to Pay. For value received, MAALT, L.P., a Texas limited partnership (Borrower), promises to pay to the order of PLAINSCAPITAL BANK (Lender), at its offices in Tarrant County, Texas, at 801 Houston Street, Fort Worth, Texas 76102, the sum of Three Million Eight Hundred Fifty Thousand Four Hundred Ninety-Seven Dollars ($3,850,497.00) (Total Principal Amount), or such amount less than the Total Principal Amount which is outstanding from time to time, in legal and lawful money of the United States of America, together with interest thereon from this date until maturity at a fixed rate equal to the lesser of (i)four and three-quarters percent (4.75%)per annum, or (ii)the Maximum Rate. Maximum Rate shall mean at the particular time in question the maximum rate of interest which, under applicable law, may then be charged on this Term Note.
$2,000,000.00 Fort Worth, Texas June15, 2017 Promise to Pay. For value received, MAALT, L.P. (Borrower), a Texas limited partnership, promises to pay to the order of PLAINSCAPITAL BANK (Lender), at its offices in Tarrant County, Texas, at 801 Houston Street, Fort Worth, Texas 76102, the sum of Two Million Dollars ($2,000,000.00) (Total Principal Amount), or such amount less than the Total Principal Amount which is outstanding from time to time, in legal and lawful money of the United States of America, together with interest thereon from this date until maturity at a fluctuating rate per annum equal to the lesser of (a)the Prime Rate in effect from day to day (the Contract Rate); provided, however, that the Contract Rate shall never fall below a floor rate of four percent (4.0%)per annum; or (b)the Maximum Rate. Prime Rate shall mean at any time the rate of interest per annum then most recently established by the Wall Street Journal as the prime rate on corporate loans for large U.S. commercial banks, as published in the Money Rates section of The Wall Street Journal, computed on the basis of a year of 360 days and for the actual number of days elapsed (including the first day but excluding the last day); and Maximum Rate shall mean at the particular time in question the maximum rate of interest which, under applicable law, may then be charged on this Revolving Note. Each change in the interest rate shall become effective without notice to Borrower on the effective date of each change in the Maximum Rate or the Prime Rate, as the case may be. If at any time the Contract Rate, together with all charges made in connection with the loan evidenced by this Revolving Note that may be treated as interest under applicable law, shall exceed the Maximum Rate, thereby causing the interest on the principal of this Revolving Note to be limited to the Maximum Rate, then notwithstanding any subsequent change in either the Prime Rate or the Maximum Rate that would otherwise reduce the Contract Rate to less than the Maximum Rate, the rate of interest on the principal of this Revolving Note shall remain equal to the Maximum Rate until the total amount of interest accrued on the principal of this Revolving Note equals the amount of interest which would have accrued on the principal of this Revolving Note if the Contract Rate had at all times been in effect.
PROMISE TO PAY. LF3 Cedar Rapids, LLC; and LF3 Cedar Rapids TRS, LLC ("Borrower") jointly and severally promise to pay to Western State Bank ("Lender"), or order, in lawful money of the United States of America, the principal amount of Five Million Eight Hundred Fifty-eight Thousand One Hundred Thirty-four & 26/100 Dollars ($5,858,134.26) or so much as may be outstanding, together with interest on the unpaid outstanding principal balance of each advance. Interest shall be calculated from the date of each advance until repayment of each advance.
PROMISE TO PAY. LF3 Eagan, LLC; and LF3 Eagan TRS, LLC ("Borrower") jointly and severally promise to pay to Western State Bank ("Lender"), or order, in lawful money of the United States of America, the principal amount of Nine Million Four Hundred Forty-four Thousand Five Hundred & 00/100 Dollars ($9,444,500.00), together with interest on the unpaid principal balance from June 19, 2019, calculated as described in the "INTEREST CALCULATION METHOD" paragraph using an interest rate of 4.600% per annum based on a year of 360 days, until paid in full. The interest rate may change under the terms and conditions of the "INTEREST AFTER DEFAULT" section.
Promise to Pay.On or before September22, 2018, for value received, BSQUARE CORPORATION (the "Borrower") promises to pay to JPMORGAN CHASE BANK, N.A., whose address is 1301 2nd Ave, Seattle, WA 98101 (the "Bank") or order, in lawful money of the United States of America, the sum of Twelve Million and 00/100 Dollars($12,000,000.00) or so much thereof as may be advanced and outstanding, plus interest on the unpaid principal balance as provided below.
PROMISE TO PAY. No Borders, Inc. (the Company) promises to pay to the order of Redstone, (the Holder) the sum of $150,000 (the Principal) together with the interest rate specified herein, payable upon the terms and conditions herein to Company, his heirs, nominees, or assignees.
Principal Due. Section 1. entitled Promise to Pay. of the Term Note, as amended, shall be amended by changing the principal amount due under the Term Note from $1,003,551 to $1,103,551 to reflect the additional advance of $100,000.