Exhibit 10.1


 


CITIZENS


BUSINESS
BANK


The
Bank Business Banks on


CHANGE
IN TERMS AGREEMENT


 


	Principal

    $15,000,000.00	Loan
    Date

    01-11-2021	Maturity

    07-05-2022	Loan
    No.

    155354101	Call
    / Cell	Account

    600714	Officer

    7001	Initials
	References
    in the boxes above are for Lender's use only and do not limit the applicability of this document to any particular loan or
    item. 

    Any item above containing “***” has been omitted due to text length limitations.


 


	Borrower:	 	Bisco
    Industries, Inc.	Lender:	 	Citizens
    Business Bank
	 	 	1500
    North Lakeview Loop	 	 	Plaza
    Business Financial Center
	 	 	Anaheim,
    CA 92807	 	 	77
    Plaza Square
	 	 	 	 	 	Orange, CA 92866







 






	Principal Amount: $15,000,000.00	 	Date of Agreement:
    January 11, 2021




 


DESCRIPTION
OF EXISTING INDEBTEDNESS. Promissory Note dated July 14, 2016 in the amount of $10,000,000.00, as amended. DESCRIPTION OF
CHANGE IN TERMS.


 


1. The maturity date is hereby
extended to July 5, 2022.


 


2. Effective
January 11, 2021, 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.


 


CONTINUING
VALIDITY. Except as expressly changed by this Agreement, the terms of the original obligation or obligations, including all
agreements evidenced or securing the obligation(s), remain unchanged and in full force and effect. Consent by Lender to this Agreement
does not waive Lender's right to strict performance of the obligation(s) as changed, nor obligate Lender to make any future change
in terms. Nothing in this Agreement will constitute a satisfaction of the obligation(s). It is the intention of Lender to retain
as liable parties all makers and endorsers of the original obligation(s), including accommodation parties, unless a party is expressly
released by Lender in writing. Any maker or endorser, including accommodation makers, will not be released by virtue of this Agreement.
If any person who signed the original obligation does not sign this Agreement below, then all persons signing below acknowledge
that this Agreement is given conditionally, based on the representation to Lender that the non-signing party consents to the changes
and provisions of this Agreement or otherwise will not be released by it. This waiver applies not only to any initial extension,
modification or release, but also to all such subsequent actions.


 


COUNTERPARTS.
This document may be executed in any number of counterparts and by different parties on separate counterparts, each of which
when executed and delivered, shall be deemed to be an original, and all of which, when taken together, shall constitute but one
and the same agreement.


 


PRIOR
TO SIGNING THIS AGREEMENT, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS AGREEMENT. BORROWER AGREES TO THE TERMS OF THE
AGREEMENT.


 


	BORROWER:	 
	 	 	 	 
	BISCO
    INDUSTRIES, INC.	 
	 	 	 	 
	 	 	 	 
	By:	 	/s/
    GLEN F. CEILEY	 
	 	 	Glen
    F. Ceiley, Pres/CEO/CFO/Sec of Bisco	 
	 	 	Industries, Inc.	 
	 	 	 	 
	 	 	 	 
	LENDER:	 
	 	 
	CITIZENS
    BUSINESS BANK	 
	 	 
	 	 	 	 
	X
    	 	/S/ 	 
	Authorized
    Officer