Document:

Loan Agreement dated October 27, 2004

 Exhibit 10.44 
 LOAN AGREEMENT 
 dated October 27, 2004 
 by and between 
 BANK ONE, NA
(“Lender”) 
 and 
 PLAINS CAPITAL CORPORATION (“Borrower”) 

							
	ARTICLE 1 — DEFINITIONS AND USE OF TERMS	  	1
				
		 	Section 1.1	  	Terms Defined Above	  	1
				
		 	Section 1.2	  	Certain Definitions	  	1
		
	 ARTICLE 2 — THE LOAN
	  	3
				
		 	Section 2.1	  	Commitment to Lend	  	3
				
		 	Section 2.2	  	The Note	  	3
				
		 	Section 2.3	  	Conditions to Closing and Funding	  	3
				
		 	Section 2.4	  	Use of Proceeds	  	3
				
		 	Section 2.5	  	Conditions Precedent for the Benefit of Lender	  	4
				
		 	Section 2.6	  	Pledged Security for Obligations	  	4
		
	ARTICLE 3 — REPRESENTATIONS AND WARRANTIES OF BORROWER	  	4
				
		 	Section 3.1	  	Financial Statements	  	4
				
		 	Section 3.2	  	Suits, Actions, Etc.	  	4
				
		 	Section 3.3	  	Status of Borrower; Valid and Binding Obligation	  	4
				
		 	Section 3.4	  	Disclosure	  	4
				
		 	Section 3.5	  	Taxes	  	5
				
		 	Section 3.6	  	Violations	  	5
				
		 	Section 3.7	  	Not a Foreign Person	  	5
				
		 	Section 3.8	  	Ownership of Banking Subsidiaries	  	5
				
		 	Section 3.9	  	Stock Agreements	  	5
				
		 	Section 3.10	  	Approvals	  	5
				
		 	Section 3.11	  	Contracts	  	5
				
		 	Section 3.12	  	Inducement to Lender	  	5
		
	ARTICLE 4 — COVENANTS AND AGREEMENTS OF BORROWER	  	5
				
		 	Section 4.1	  	Compliance with Governmental Requirements	  	5
				
		 	Section 4.2	  	Insurance	  	6
				
		 	Section 4.3	  	Notice to Lender	  	6
				
		 	Section 4.4	  	Costs and Expenses	  	6
				
		 	Section 4.5	  	Further Assurances	  	6
				
		 	Section 4.6	  	Defense of Actions	  	6
				
		 	Section 4.7	  	Prohibition on Assignment of Borrower’s Interest	  	6
				
		 	Section 4.8	  	Current Financial Statements	  	6
				
		 	Section 4.9	  	Loan Participation	  	7
				
		 	Section 4.10	  	Indemnification	  	8

  

 -ii- 

							
	ARTICLE 5 — DEFAULT AND REMEDIES	  	8
				
		 	Section 5.1	  	Events of Default	  	8
				
		 	Section 5.2	  	Certain Remedies	  	10
				
		 	Section 5.3	  	Performance by Lender on Borrower’s Behalf	  	11
				
		 	Section 5.4	  	Remedies Cumulative	  	11
		
	ARTICLE 6 — GENERAL TERMS AND CONDITIONS	  	11
				
		 	Section 6.1	  	Notices	  	11
				
		 	Section 6.2	  	Modifications	  	11
				
		 	Section 6.3	  	Severability	  	11
				
		 	Section 6.4	  	Election of Remedies	  	12
				
		 	Section 6.5	  	Form and Substance	  	12
				
		 	Section 6.6	  	Controlling Agreement	  	12
				
		 	Section 6.7	  	No Third Party Beneficiary	  	12
				
		 	Section 6.8	  	Borrower in Control	  	12
				
		 	Section 6.9	  	Number and Gender	  	12
				
		 	Section 6.10	  	Captions	  	12
				
		 	Section 6.11	  	Applicable Law	  	12
				
		 	Section 6.12	  	Relationship of the Parties	  	13
				
		 	Section 6.13	  	WAIVER OF JURY TRIAL	  	13
				
		 	Section 6.14	  	Consent to Jurisdiction	  	13
				
		 	Section 6.15	  	Negotiation	  	14
				
		 	Section 6.16	  	Conflicting Terms	  	14
				
		 	Section 6.17	  	Entire Agreement	  	14
		
	 Exhibits
	  	
				
		 	Exhibit “A”	  	- Conditions to Closing and Funding	  	

  

 -iii- 

 LOAN AGREEMENT 
 This LOAN AGREEMENT, dated October 27, 2004, is made by and between BANK ONE, NA, a national banking association
(“Lender”), and PLAINS CAPITAL CORPORATION, a Texas corporation (“Borrower”), in respect of a loan in the maximum principal amount of Five Hundred Thousand and No/100 Dollars
($500,000.00). For good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree as follows: 
 ARTICLE 1 — DEFINITIONS AND USE OF TERMS 
 Section 1.1 Terms Defined
Above. As used in this Agreement, the terms “Lender” and “Borrower” shall have the meanings respectively indicated in the opening recital hereof. 
 Section 1.2 Certain Definitions. As used in this Agreement, the following terms shall have the following meanings, unless the context
otherwise requires. 
 “Advance” means the disbursement by Lender of the Loan. 
 “Agreement” means this Loan Agreement, as from time to time amended or supplemented. 
 “Bank” or “PCB” means PlainsCapital Bank, a Texas state bank, whose principal place of business is 5010 University,
Lubbock, Texas 79413. 
 “Banking Subsidiary” means any bank (whether state or national) more than fifty percent
(50%) of whose capital stock now or hereafter is owned directly or indirectly by Borrower or any Banking Subsidiary or may be voted by Borrower or any Banking Subsidiary. At the date of this Agreement, the only Banking Subsidiary of Borrower is
Bank. 
 “Business Day” means a day other than a Saturday, Sunday or other day on which national banks in Fort Worth, Texas,
are authorized or required to be closed. 
 “Collateral” means all presently owned and hereafter acquired property of any
Person that secures the Obligations, including, without limitation, the property described in Section 2.6. 
 “Debtor
Relief Laws” means any applicable liquidation, conservatorship, bankruptcy, moratorium, rearrangement, insolvency, reorganization, or similar laws, domestic or foreign, including but not limited to those in Title 11 of the United States
Code, affecting the rights or remedies of creditors generally, as in effect from time to time. 
 “Event of Default” shall
have the meaning set forth in Section 5.1. 
 “Financial Statements” means such balance sheets (including
disclosure of all contingent liabilities), profit and loss statements, schedules of sources and uses of funds, statements of cash flow, and shareholder equity, pro forma schedules of sources and uses of funds for ensuing twelve-month periods, and
other financial information of Borrower as shall be required by Lender, from time to time, or as required under any Loan Document, which statements shall be certified as true and correct in all material respects by the party submitting such
statements or, if required by Lender or under any Loan Document, such statements of Borrower shall be audited and/or certified by an independent certified public accountant. 
  

 LOAN AGREEMENT – Page 1 

 “Financing Statements” means the financing statements perfecting the security interests
securing the Loan, to be filed with the appropriate offices for the perfection of a security interest in any of the Collateral. 
 “Governmental Authority” means the United States, the state, the county, the city, or any other political subdivision in which Borrower or any Banking Subsidiary is located, and any court or political subdivision, agency,
or instrumentality having or exercising jurisdiction over Borrower or any Banking Subsidiary. 
 “Governmental Requirements”
means all material laws, ordinances, codes, rules, regulations, orders, writs, injunctions or decrees of any Governmental Authority applicable to Borrower or the Collateral. 
 “Indebtedness” means any and all obligations and liabilities of Borrower to Lender for borrowed money, whether now existing or hereafter
arising, direct or indirect, joint or several, secured or unsecured. 
 “Indemnified Matters” means: 
 (a) any and all claims, demands, liabilities (including strict liability), losses, damages (including consequential damages), causes of
action, judgments, penalties, fines, costs and expenses (including without limitation, reasonable fees and expenses of attorneys and other professional consultants and experts, and of the investigation and defense of any claim, whether or not such
claim is ultimately defeated, and the settlement of any claim or judgment including all value paid or given in settlement) of every kind, known or unknown, foreseeable or unforeseeable, which may be imposed upon, asserted against or incurred or paid
by Lender or any other Indemnified Party at any time and from time to time, whenever imposed, asserted or incurred, because of, resulting from, in connection with, or arising out of any transaction, act, omission, event or circumstance in any way
connected with this Agreement or any other Loan Document, including, without limitation, (1) disbursement of the Loan proceeds, (2) any act performed or omitted to be performed hereunder or under any other Loan Document, and (3) any
Default or event which with the lapse of time, the providing of notice or both would constitute a Default. 
 “Indemnified
Party” has the meaning set forth in Section 4.10. 
 “Loan” means the loan by Lender to Borrower in the
original principal amount of $500,000.00. 
 “Loan Documents” means this Agreement, the Security Agreement, the Note, the
Financing Statements, and such other documents evidencing, securing or pertaining to the Loan as shall, from time to time, be executed and delivered to Lender by Borrower or any other party pursuant to this Agreement. 
 “Maturity Date” means the date on which the Note matures, whether by acceleration, lapse of time or otherwise; provided, that such date
shall be the October 27, 2011, unless earlier accelerated as permitted herein or in any other Loan Document. 
 “Note” means the Promissory Note of even date herewith made by Borrower payable to the order of Lender in the principal amount of and evidencing the Loan, and all renewals, amendments and replacements thereof. 

“Obligations” means the outstanding principal amounts of the Note and interest accrued thereon, and any and all other indebtedness,
liabilities and obligations whatsoever of Borrower to Lender 

  

 LOAN AGREEMENT – Page 2 

 hereunder or under the Note, or otherwise, whether direct or indirect, absolute or contingent, due or to become due, and
whether now existing or hereafter arising, and howsoever evidenced or acquired, whether joint or several, and whether evidenced by note, draft, acceptance, guaranty, open account, letter of credit, surety agreement or otherwise, it being
contemplated by the parties hereto that Borrower may become indebted to Lender in further sum or sums, plus interest accruing on any foregoing and all attorney fees and costs incurred in the enforcement of any of the foregoing; but nothing herein
shall obligate Lender to lend any further sum or sums to Borrower. 
 “Person” means any individual, firm, corporation,
association, partnership, joint venture, trust, governmental body or other entity. 
 “Pledged Stock” means the capital
stock of Bank pledged or to be pledged to Lender pursuant to Section 2.6 of this Agreement and the Security Agreement, constituting 100% of the capital stock of Bank. 
 “Security Agreement” means the Pledge and Security Agreement of even date herewith made by Borrower in favor of Lender, and all
renewals, amendments and replacements thereof. 
 “Subordinate Loan” means that certain $15,000,000.00 subordinate loan
provided to Borrower by Lender for “Tier II Capital” for Borrower. 
 ARTICLE 2 — THE LOAN 
 Section 2.1 Commitment to Lend. Subject to and upon the terms, covenants and conditions of this Agreement, Lender will make the Loan to
Borrower in accordance with this Agreement in an aggregate amount not to exceed the principal face amount of the Note. The Loan is not revolving; an amount repaid may not be reborrowed. Furthermore, the Loan may not be prepaid prior to the Maturity
Date unless that certain $15,000,000.00 subordinate loan from Lender to Borrower shall have been paid in full, and Lender shall have no further obligation to make advances in connection therewith. 
 Section 2.2 The Note. The Loan is and shall be evidenced by the Note. Interest on the Loan, at the rate or rates specified in the Note, shall
be (a) computed on the unpaid principal balance which exists from time to time, and (b) due and payable quarterly as it accrues as more particularly set forth in the Note. In any case and notwithstanding anything to the contrary, on the
Maturity Date, all outstanding principal under the Note, plus all accrued but unpaid interest, shall be due and payable in full. 
 Section 2.3 Conditions to Closing and Funding. The Loan shall be funded in one lump sum Advance at closing on or about the date of this Agreement. As conditions precedent to closing as well as to such Advance: (a) there shall
then exist no default nor shall there have occurred any event which with the giving of notice or the lapse of time, or both, could become a default; (b) the representations and warranties made in the Loan Documents shall be true and correct on
and as of the date of the Advance, with the same effect as if made on that date; and (c) Borrower must satisfy the conditions required hereby and execute and deliver to, procure for and deposit with, and pay to Lender and, if appropriate,
record in the proper records with all filing and recording fees paid, the documents, certificates, agreements and other items listed in Exhibit “A” that are noted by “(X)”, together with such other documents, certificates,
agreements and other items as Lender may reasonably require. 
 Section 2.4 Use of Proceeds. The proceeds of the Loan shall be
used for the general corporate purposes of Borrower. 
  

 LOAN AGREEMENT – Page 3 

 Section 2.5 Conditions Precedent for the Benefit of Lender. All conditions precedent to the
obligation of Lender to make the Loan are imposed hereby solely for the benefit of Lender, and no other party may require satisfaction of any such condition precedent or be entitled to assume that Lender will refuse to make the Loan in the absence
of strict compliance with such conditions precedent. All requirements of this Loan Agreement may be waived by Lender only in writing, in whole or in part, at any time. 
 Section 2.6 Pledged Security for Obligations. To secure full and complete payment and performance of the Obligations, Borrower shall grant or cause to be granted a security interest in favor of Lender in
the Pledged Stock. 
 ARTICLE 3 — REPRESENTATIONS AND WARRANTIES OF BORROWER 
 To induce Lender to make the Loan, Borrower hereby represents and warrants to Lender (which representations and warranties will survive the execution and
delivery of the Note) that: 
 Section 3.1 Financial Statements. The Financial Statements provided by Borrower to Lender for the
period ended June 30, 2004 are true, correct, and complete in all material respects as of the dates specified therein and fully and accurately present the financial condition of Borrower or any Banking Subsidiary, as applicable, as of the dates
specified. No material adverse change has occurred in the condition, financial or otherwise, of Borrower or any Banking Subsidiary since the dates of such Financial Statements. Borrower and each Banking Subsidiary is solvent after giving effect to
all borrowings contemplated in this Agreement. 
 Section 3.2 Suits. Actions, Etc. Except as disclosed in writing to Lender prior
to the date of this Agreement, there are no actions, suits, investigations or proceedings pending, or, to the knowledge of Borrower, threatened in any court or before or by any Governmental Authority against or affecting Borrower or any Banking
Subsidiary, which if adversely determined would have a material adverse effect on Borrower or its ability to pay the Indebtedness or involving the validity, enforceability, or priority of any of the Loan Documents, at law or in equity. The
consummation of the transactions contemplated hereby, and the performance of the terms and conditions hereof and of the other Loan Documents, will not cause Borrower to be in violation of or in default with respect to any Governmental Requirement,
or result in a breach of, or constitute a default under any note, lease, contract, deed of trust, agreement or other undertaking or restriction to which Borrower is a party or by which Borrower may be bound or affected. Neither Borrower nor any
Banking Subsidiary is in default under the terms of any order of any court or any requirement of any Governmental Authority or under the terms of any indebtedness or obligation. 
 Section 3.3 Status of Borrower; Valid and Binding Obligation. Borrower is (a) a corporation, duly organized, validly existing and in
good standing under the laws of the state of its organization and (b) possessed of all power and authority necessary to enter into and perform Borrower’s obligations under the Loan Documents and to make the borrowing contemplated hereby.
All of the Loan Documents, and all other documents referred to herein to which Borrower is a party, upon execution and delivery will constitute legal, valid and binding obligations of Borrower enforceable against Borrower in accordance with their
terms, except as the enforcement thereof may be limited by Debtor Relief Laws. 
 Section 3.4 Disclosure. There is no fact known
to Borrower that Borrower has not disclosed to Lender in writing or otherwise disclosed in the Financial Statements that is reasonably likely to materially adversely affect the business or financial condition of Borrower or any Banking Subsidiary,
not including facts or conditions generally affecting the economy or the financial services industry. 
  

 LOAN AGREEMENT – Page 4 

 Section 3.5 Taxes. Borrower and each Banking Subsidiary has filed all necessary tax returns
and reports and has paid all taxes and governmental charges thereby shown to be owing except any such taxes or charges that are being contested in good faith by appropriate proceedings which have been disclosed to Lender in writing prior to the date
of this Agreement and for which adequate reserves have been set aside on Borrower’s or such Banking Subsidiary’s books in accordance with generally accepted accounting principles. 
 Section 3.6 Violations. Borrower has no knowledge of and has received no notices of any violations of any Governmental Requirement that would
have a material adverse effect on the business of Borrower. 
 Section 3.7 Not a Foreign Person. Borrower is not a
“foreign person” within the meaning of the Internal Revenue Code of 1986, as amended (“IRC”), Sections 1445 and 7701 (i.e. Borrower is not a non-resident alien, foreign corporation, foreign partnership, foreign
trust or foreign estate as those terms are defined in the IRC and any regulations promulgated thereunder). 
 Section 3.8 Ownership
of Banking Subsidiaries. Borrower owns, and on the closing date hereof and at all times thereafter will own, not less than 100% of the capital stock of Bank. 
 Section 3.9 Stock Agreements. Borrower has furnished to Lender copies of all buy-sell agreements, stock redemption agreements, shareholder agreements, voting trust agreements and all other agreements and
contracts involving the stock of any Banking Subsidiary; and there are not now any agreements or terms of any agreements to which Borrower is a party which alter, impair, affect or abrogate the rights of Lender or the Obligations of Borrower under
this Agreement or any other Loan Document. 
 Section 3.10 Approvals. No authorization, approval, or consent of, and no filing or
registration with, any court, governmental authority, or third party is or will be necessary for the execution, delivery, or performance by Borrower of this Agreement and the other Loan Documents to which Borrower is or may become a party or the
validity or enforceability thereof. 
 Section 3.11 Contracts. To the best of Borrower’s knowledge, neither Borrower nor any
Banking Subsidiary is a party to, or bound by, any agreement, condition, contract, or arrangement which is reasonably expected in the future to have a material adverse effect on the business, operations or financial condition of Borrower or any
Banking Subsidiary. 
 Section 3.12 Inducement to Lender. The representations and warranties contained in the Loan Documents are
made by Borrower as an inducement to Lender to make the Loan. Borrower understands that Lender is relying on such representations and warranties and that such representations and warranties shall survive any (a) bankruptcy proceedings involving
Borrower, or (b) foreclosure of the Security Agreement. 
 ARTICLE 4 — COVENANTS AND AGREEMENTS OF BORROWER 

 While any part of the Obligations remains unpaid and unless otherwise waived in writing by Lender, Borrower hereby covenants and agrees as
follows: 
 Section 4.1 Compliance with Governmental Requirements. Borrower and each Banking Subsidiary shall timely comply with
all Governmental Requirements and, upon Lender’s request, promptly deliver to Lender evidence thereof. Immediately upon Borrower’s or any Banking Subsidiary’s receipt of any notice from a Governmental Authority of noncompliance with
any Governmental 

  

 LOAN AGREEMENT – Page 5 

 Requirements which could reasonably be anticipated to have a material adverse effect on Borrower or the Collateral,
Borrower or such Banking Subsidiary shall provide Lender with written notice thereof unless prohibited by such notice or applicable law. 
 Section 4.2 Insurance. Borrower shall maintain or cause to be maintained in force insurance coverage reasonable in coverage and scope for Borrower’s activities or as otherwise required by Lender and shall furnish to Lender
upon request at reasonable intervals a certificate or certificates from the respective insurer(s) setting forth the nature and extent of all insurance maintained by Borrower in accordance with the Loan Documents. 
 Section 4.3 Notice to Lender. Borrower shall promptly notify Lender in writing of any of the following occurrences or events as the same
become known to Borrower, specifying in each case the action Borrower has taken or caused to be taken, or proposes to take or cause to be taken, with respect thereto: (a) the occurrence of any Event of Default or any event which with the giving
of notice or the lapse of time, or both, could become an Event of Default; (b) any default by Borrower under any Governmental Requirement which would likely have a material adverse effect on the business of Borrower; (c) any material
adverse change in the condition, financial or otherwise, of Borrower; (d) the occurrence of any material litigation, arbitration or governmental investigation or proceeding not previously disclosed by Borrower to Lender which has been
instituted or (to the knowledge of Borrower) is threatened against Borrower or any Banking Subsidiary; and (e) any notice received by Borrower with respect to the cancellation, material adverse alteration or non-renewal of any insurance coverage
maintained or required to be maintained by Borrower. 
 Section 4.4 Costs and Expenses. Borrower shall pay when due all costs and
expenses required by this Agreement, including, without limitation, (a) all reasonable fees and expenses of counsel to Lender in connection with the negotiation, preparation, amendment, enforcement or defense of the Loan Documents or the making
of the Advance; (b) all premiums for insurance; and (c) all other reasonable costs and expenses payable to third parties incurred by Lender in connection with the investigation, consummation, enforcement or defense of the transactions
contemplated by this Agreement. 
 Section 4.5 Further Assurances. Borrower shall execute and deliver to Lender, from time to
time as requested by Lender, such other documents, agreements, certificates, affidavits, and other instruments as shall be reasonably necessary to provide the rights and remedies to Lender granted or provided for by the Loan Documents. 

Section 4.6 Defense of Actions. Lender may (but shall not be obligated to) commence, appear in, or defend any action or proceeding
purporting to affect the Loan or the respective rights and obligations of Lender and Borrower pursuant to this Agreement. Lender may (but shall not be obligated to) pay all necessary expenses, including reasonable attorneys’ fees and expenses
incurred in connection with such proceedings or actions, which Borrower agrees to repay to Lender on demand. 
 Section 4.7
Prohibition on Assignment of Borrower’s Interest. Borrower shall not assign or encumber any interest of Borrower under this Agreement without the prior written consent of Lender. 
 Section 4.8 Current Financial Statements. Without limitation of any requirements of the Loan Documents, Borrower shall deliver to Lender:

 (a) Quarterly Reports. As soon as available, but no more than forty-five (45) days after the end of each
calendar quarter and with regard to such calendar quarter, copies of: 
 (1) all Federal Financial Institutions Examination
Council (the “FFIEC”) Consolidated Reports of Condition and Income (commonly known as Call Reports) furnished by any Banking Subsidiary to the appropriate regulatory authorities; 
  

 LOAN AGREEMENT – Page 6 

 (2) each Banking Subsidiary’s report of risk-based capital adequacy, as submitted to
such Banking Subsidiary’s Board of Directors; and 
 (3) a summary report of the totals, by category, of all assets of
each Banking Subsidiary that are classified, in whole or in part, as “Other Assets Especially Mentioned”, “Substandard”, “Doubtful”, and “Loss,” and a listing of Other Real Estate and Foreclosed Assets; and
upon the request of Lender, a detailed listing of such assets. 
 (b) Financial Reports. As soon as practicable and in
any event within forty-five (45) days after the last day of each calendar quarter, the balance sheet of Borrower, each Banking Subsidiary and of each other significant subsidiary or affiliate of Borrower as at such date, and the related
statements of income and retained earnings for the elapsed portion of the fiscal year of Borrower, each Banking Subsidiary and of each other significant subsidiary or affiliate of, as the case may be, ended with the last day of such calendar
quarter, all in reasonable detail, prepared in conformity with generally accepted accounting principles (subject to routine audit and normal year-end adjustments), and certified by the president or principal financial officer of Borrower, each
Banking Subsidiary and of each other significant subsidiary or affiliate of Borrower, as the case may be. 
 (c) FRY-9
Reports. As soon as available, but no more than forty-five (45) days after each June 30 and each December 31 of each calendar year, the Parent Company Only Financial Statements for Bank Holding Companies (FRY-9LP) report for
Borrower, as submitted to the Federal Reserve Bank of Dallas, prepared on an unconsolidated basis (Borrower only), and as soon as available, but no more than forty-five (45) days after the end of each calendar quarter, the Consolidated
Financial Statements for Bank Holding Companies (FRY-9C) report for Borrower, as submitted to the Federal Reserve Bank of Dallas, prepared on a consolidated basis. 
 (d) Annual Audit of Borrower. As soon as available, but no more than one hundred twenty (120) days after the end of each
fiscal year: (i) copies of audited balance sheets, statements of income and retained earnings and statement of cash flows of Borrower, setting forth on a consolidated basis, in comparative form, figures for the previous calendar year, all in
reasonable detail; (ii) an opinion by an independent certified public accountant selected by Borrower and acceptable to Lender, which opinion shall state that said financial statements have been prepared in accordance with GAAP and that such
accountant’s audit of such financial statements has been made in accordance with generally accepted auditing standards and that said financial statements present fairly the financial condition of Borrower and the results of its operations; and
(iii) any management letter submitted to Borrower by such independent certified public accountant. 
 (e) from time to
time, as Lender may reasonably request, additional Financial Statements of Borrower. 
 Section 4.9 Loan Participation. Borrower
acknowledges and agrees that Lender may, from time to time, sell or offer to sell interests in the Loan to one or more participants. Borrower authorizes Lender to disseminate any information it has pertaining to the Loan, including, without
limitation, credit information on Borrower or any of its principals, to any such participant or prospective participant. 
  

 LOAN AGREEMENT – Page 7 

 Section 4.10 Indemnification. BORROWER SHALL INDEMNIFY AND HOLD HARMLESS (A) LENDER,
(B) ANY AFFILIATE OF LENDER, (C) ANY PARTICIPANTS IN THE LOAN, (D) THE DIRECTORS, OFFICERS, PARTNERS, EMPLOYEES AND AGENTS OF LENDER AND/OR SUCH PERSONS OR ENTITIES, AND (E) THE HEIRS, PERSONAL REPRESENTATIVES, SUCCESSORS AND
ASSIGNS OF EACH OF THE FOREGOING PERSONS OR ENTITIES IN THEIR CAPACITIES AS SUCH (EACH AN “INDEMNIFIED PARTY”) FROM AND AGAINST, AND REIMBURSE THEM ON DEMAND FOR, ANY AND ALL INDEMNIFIED MATTERS. WITHOUT LIMITATION, THE FOREGOING
INDEMNITIES SHALL APPLY TO EACH INDEMNIFIED PARTY WITH RESPECT TO MATTERS WHICH IN WHOLE OR IN PART ARE CAUSED BY OR ARISE OUT OF THE NEGLIGENCE OF SUCH (AND/OR ANY OTHER) INDEMNIFIED PARTY, IT BEING THE INTENT OF THE PARTIES THAT THE NEGLIGENCE OF
SUCH PARTIES BE EXPRESSLY COVERED HEREBY. However, such indemnities shall not apply to a particular Indemnified Party to the extent that the subject of the indemnification is caused by or arises out of the gross negligence or willful misconduct
of that Indemnified Party. Any amount to be paid under this Section by Borrower to an Indemnified Party shall be a demand obligation owing by Borrower (which Borrower hereby promises to pay) to Lender, as part of the Indebtedness, even if in excess
of the amount committed by Lender under Section 2.1, and secured by the Loan Documents. Nothing in this Section, elsewhere in this Agreement or in any other Loan Document shall limit or impair any rights or remedies of Lender, or any other
Indemnified Party (including without limitation any rights of contribution or indemnification), against Borrower or any other person under any other provision of this Agreement, any other Loan Document, any other agreement or any applicable
Governmental Requirement. The liability of Borrower or any other person under this indemnity shall not be limited or impaired in any way by (i) the release, foreclosure or other termination of the Security Agreement and shall survive the payment in
full of the Indebtedness, any bankruptcy or other debtor relief proceeding, or any other event whatsoever, and (ii) any provision in the Loan Documents or applicable law limiting Borrower’s or such other person’s liability or
Lender’s recourse or rights to a deficiency judgment, or by any change, extension, release, inaccuracy, breach or failure to perform by any party under the Loan Documents, Borrower’s (and, if applicable, such other person’s) liability
hereunder being direct and primary and not as a guarantor or surety. 
 ARTICLE 5 — DEFAULT AND REMEDIES 

Section 5.1 Events of Default. The occurrence of any one of the following shall be a default under this Agreement
(“Default”): 
 (a) Failure to Pay Indebtedness. Any of the Indebtedness is not paid within the
greater of (i) ten (10) days after the same shall be due, whether by acceleration or otherwise, or (ii) if longer, any applicable grace period provided with respect to such Indebtedness; 
 (b) Nonperformance of Covenants herein set forth. Any covenant, agreement or condition herein is not fully and timely performed,
observed or kept, and except with respect to covenants to pay any of the Indebtedness and those covenants, agreements and conditions set forth in Section 4.7, such failure is not cured within twenty (20) days following written
notice of such failure from Lender to Borrower; 
 (c) Nonperformance of Covenants set forth in any other Loan
Document. Any covenant, agreement or condition in any other Loan Document is not fully and timely performed, observed or kept, and except with respect to covenants to pay any of the Indebtedness, such failure is not cured within the applicable
grace or cure period (if any) provided for in such other Loan Document; 
  

 LOAN AGREEMENT – Page 8 

 (d) Representations. Any statement, representation or warranty in any of the Loan
Documents, or in any financial statement or any other writing heretofore or hereafter delivered to Lender in connection with the Indebtedness is false, fraudulent, misleading or erroneous in any material respect on the date or on the date as of
which such statement, representation or warranty is made; 
 (e) Judgment Against Borrower. Any final judgment (i) is
rendered against Borrower, (ii) is not paid, vacated or discharged within thirty (30) days after entry, and (iii) could reasonably have a material and adverse effect on Borrower; 
 (f) Bankruptcy or Insolvency. The Borrower or any person obligated to pay any part of the indebtedness (any such Person herein
referred to as an “Obligor”): (i) becomes insolvent, or makes a transfer in fraud of creditors, or makes an assignment for the benefit of creditors, or admits in writing its inability to pay its debts as they become due;
(ii) generally is not paying its debts as such debts become due; (iii) has a receiver, trustee or custodian appointed for, or take possession of, (a) all or substantially all of the assets of the Borrower or any Obligor, or (b) any of
the Collateral, either in a proceeding brought by such party or in a proceeding brought against such party and such appointment is not discharged or such possession is not terminated within sixty (60) days after the effective date thereof or
such party consents to or acquiesces in such appointment or possession; (iv) files a petition for relief under the United States Secured Bankruptcy Code or any other present or future federal or state insolvency, bankruptcy or similar laws (all
of the foregoing hereinafter collectively called “Applicable Secured Bankruptcy Law”) or an involuntary petition for relief is filed against such party under any Applicable Secured Bankruptcy Law and such involuntary petition is not
dismissed within sixty (60) days after the filing thereof, or an order for relief naming such party is entered under any Applicable Secured Bankruptcy Law, or any composition, rearrangement, extension, reorganization or other relief of debtors
now or hereafter existing is requested or consented to by such party; (v) fails to have discharged within a period of sixty (60) days any attachment, sequestration or similar writ levied upon any material property of such party (other than
in the ordinary course of business of Borrower or any Obligor); or (vi) fails to pay within thirty (30) days any final money judgment against such party; 
 (g) Transfer of Ownership of Borrower. The sale, pledge, encumbrance, assignment or transfer, voluntarily or involuntarily, of any
interest in Borrower or in any entity comprising Borrower (if Borrower or any such entity is not a natural person but is a corporation, partnership, trust or other legal entity), without the prior written consent of Lender (including, without
limitation, if Borrower or any entity comprising Borrower is a partnership or joint venture, the withdrawal from or admission into it of any general partner or joint venturer) and after giving effect to the same, the aggregate change of ownership in
the applicable person is twenty-five percent (25%) or more; 
 (h) Default Under Other Lien. A default or event of
default occurs under any lien, security interest or assignment covering the Collateral or any material part thereof (without hereby implying Lender’s consent to any such lien, security interest or assignment not created under the Loan
Documents), and the holder of any such lien, security interest or assignment declares a default or institutes foreclosure or other proceedings for the enforcement of its remedies thereunder; 
 (i) Liquidation, Etc. The liquidation, termination, dissolution, merger, consolidation or failure to maintain (and failure to
reinstate or cure such failure) good standing in the State of Texas (or in the case of an individual, the death or legal incapacity) of the Borrower or any person obligated to pay any part of the Indebtedness; 
  

 LOAN AGREEMENT – Page 9 

 (j) Material Adverse Change. In Lender’s reasonable opinion, there has
occurred or exists a fact or set of circumstances which is reasonably likely to have a material adverse effect upon the condition, financial or otherwise, of Borrower or Borrower’s ability to perform its obligations under this Agreement;

 (k) Enforceability Priority. Any Loan Document shall for any reason without Lender’s specific written consent
cease to be in full force and effect, or shall be declared null and void or unenforceable in whole or in part, or the validity or enforceability thereof, in whole or in part, shall be challenged or denied by any party thereto other than Lender; or
the liens or security interests of Lender in any of the Collateral become unenforceable in whole or in part, or cease to be of the priority herein required, or the validity or enforceability thereof, in whole or in part, shall be challenged or
denied by Borrower or any person obligated to pay any part of the Indebtedness; 
 (l) Default under other Loan
Agreements. An Event of Default occurs under any other loan agreement by and between Lender and Borrower, including, without limitation, (1) that certain Amended and Restated Loan Agreement dated October 1, 2001 (as amended, extended or
modified from time to time), and the default is not remedied within the applicable period of grace (if any) provided in such loan agreement, or (2) that certain Subordinate Credit Agreement dated of even date herewith governing the Subordinate
Loan; 
 (m) Line of Credit Covenants. After the date hereof, (1) the line of credit extended to Borrower by Lender
pursuant to that certain Amended and Restated Loan Agreement dated October 1, 2001 (as amended, extended or modified from time to time) is terminated, expires by its own terms, or otherwise ceases to be in full force and effect,
(2) Borrower would otherwise be in default of any of the covenants therein set forth, and (3) the same is not remedied within twenty (20) days following written notice of such failure from Lender to Borrower; or 
 (n) Other Loan Documents. A default or event of default occurs under any Loan Document, other than this Agreement, and the same is
not remedied within the applicable period of grace (if any) provided in such Loan Document. 
 Section 5.2 Certain Remedies.
Should an Event of Default occur, Lender may, at its election, do any one or more of the following without notice (unless notice is required by applicable statute): 
 (a) Declare the Indebtedness, or any part thereof, immediately due and payable, whereupon it shall be due and payable without notice of
any kind, including but not limited to notice of intention to accelerate, all of which are waived by Borrower. Without limitation of the foregoing, upon the occurrence of an Event of Default described in clauses (i), (iii) or (iv) of
subparagraph (1) of paragraph (f) of Section 5.1, but only by virtue of such an occurrence with respect to Borrower, all of the Indebtedness shall thereupon be immediately due and payable, without presentment, demand, protest, notice of
protest, declaration or notice of acceleration or intention to accelerate, or any other notice or declaration or act of any kind, all of which are hereby expressly waived by Borrower. 
 (b) Reduce any claim to judgment. 
  

 LOAN AGREEMENT – Page 10 

 (c) Exercise any and all rights and remedies afforded by any of the Loan Documents, or by
law or equity or otherwise, as Lender shall deem appropriate. 
 Section 5.3 Performance by Lender on Borrower’s Behalf.
Borrower agrees that, if Borrower fails to perform any act or to take any action which under any Loan Document Borrower is required to perform or take, or to pay any money which under any Loan Document Borrower is required to pay, and there exists a
default or potential default hereunder or thereunder, Lender, in Borrower’s name or its own name, may, but shall not be obligated to, perform or cause to be performed such act or take such action or pay such money, and any expenses so incurred
by Lender and any money so paid by Lender, shall be a demand obligation owing by Borrower to Lender (which obligation Borrower hereby promises to pay) and Lender, upon making such payment, shall be subrogated to all of the rights of the person,
entity or body politic receiving such payment. No such payment or performance by Lender shall waive or cure any default or waive any right, remedy or recourse of Lender. Any such payment may be made by Lender in reliance on any statement, invoice or
claim without inquiry into the validity or accuracy thereof. Each amount due and owing by Borrower to Lender pursuant to this Section shall bear interest each day, from the date of such expenditure or payment until paid, at the same rate as is
provided in the Note for interest on past due principal owed on the Note; and all such amounts, together with such interest thereon, shall be a part of the Indebtedness and shall be secured by the Security Agreement. The amount and nature of any
such expense and the time when paid shall be fully established by the certificate of Lender or any of Lender’s officers or agents. 
 Section 5.4 Remedies Cumulative. All remedies provided for herein and in any other Loan Document are cumulative of each other and of any and all other remedies existing at law or in equity, and Lender shall, in addition to the
remedies provided herein or in any other Loan Document, be entitled to avail itself of all such other remedies as may now or hereafter exist at law or in equity for the collection of the Indebtedness and the enforcement of the covenants herein and
the foreclosure of the liens and security interests evidenced by the Security Agreement or any other Loan Document, and the resort to any remedy provided for hereunder or under any such other Loan Document or provided for by law or in equity shall
not prevent the concurrent or subsequent employment of any other appropriate remedy or remedies. 
 ARTICLE 6 — GENERAL TERMS AND
CONDITIONS 
 Section 6.1 Notices. All notices, requests, demands or other communications required or permitted to be
given pursuant to this Agreement shall be in writing and given by (i) personal delivery, (ii) expedited delivery service with proof of delivery, or (iii) United States mail, postage prepaid, registered or certified mail, return receipt
requested, sent to the intended addressee at the address set forth on the first page hereof or to such different address as the addressee shall have designated by written notice sent pursuant to the terms hereof and shall be deemed to have been
received either, in the case of personal delivery, at the time of personal delivery, in the case of expedited delivery service, as of the date of first attempted delivery at the address and in the manner provided herein, or in the case of mail, upon
deposit in a depository receptacle under the care and custody of the United States Postal Service. Either party shall have the right to change its address for notice hereunder to any other location within the continental United States by notice to
the other party of such new address at least thirty (30) days prior to the effective date of such new address. 
 Section 6.2
Modifications. No provision of this Agreement or of any of the other Loan Documents may be modified, waived, or terminated except by instrument in writing executed by the party against whom a modification, waiver or termination is sought to
be enforced. 
 Section 6.3 Severability. In case any of the provisions of this Agreement shall for any reason be held to be
invalid, illegal, or unenforceable, such invalidity, illegality, or unenforceability shall not affect any other provision hereof, and this Agreement shall be construed as if such invalid, illegal, or unenforceable provision had never been contained
herein. 
  

 LOAN AGREEMENT – Page 11 

 Section 6.4 Election of Remedies. Lender shall have all of the rights and remedies granted in
this Agreement and in all of the other Loan Documents and available at law or in equity, and these same rights and remedies shall be cumulative and may be pursued separately, successively, or concurrently against Borrower or any property covered
under the Loan Documents at the sole discretion of Lender. The exercise or failure to exercise any of the same shall not constitute a waiver or release thereof or of any other right or remedy, and the same shall be nonexclusive. 
 Section 6.5 Form and Substance. All documents, certificates, insurance policies and other items required under this Agreement to be executed
and/or delivered to Lender shall be in form and substance satisfactory to Lender. 
 Section 6.6 Controlling Agreement. All
agreements between Borrower and Lender, whether now existing or hereafter arising and whether written or oral, are hereby limited so that in no contingency, whether by reason of demand or acceleration of the maturity of the Note or otherwise, shall
the interest paid or agreed to be paid to Lender exceed the maximum amount permissible under applicable law. If from any circumstances whatsoever, interest would otherwise be payable to Lender at a rate in excess of that permitted under applicable
law, then the interest payable to Lender shall be reduced to the maximum amount permitted under applicable law, and if from any circumstance Lender shall ever receive anything of value deemed interest by applicable law which would exceed interest at
the highest lawful rate, an amount equal to any excessive interest shall be applied to the reduction of the principal amount owing to Lender under this Agreement or under any of the other Loan Documents and not to the payment of interest, or if such
excessive interest exceeds the unpaid balance of principal owing to Lender under this Agreement and under any of the other Loan Documents, such excess shall be refunded to the Borrower. All interest paid or agreed to be paid to Lender shall, to the
extent permitted by applicable law, be amortized, prorated, allocated and/or spread throughout the full period until payment in full of the principal of the indebtedness (including the period of any renewal or extension hereof) so that the interest
on account of such indebtedness for such full period shall not exceed the maximum amount permitted by applicable law. This section shall control all agreements between Borrower and Lender. 
 Section 6.7 No Third Party Beneficiary. This Agreement is for the sole benefit of Lender and Borrower and is not for the benefit of any third
party. 
 Section 6.8 Borrower in Control. In no event shall Lender’s rights and interests under the Loan Documents be
construed to give Lender the right to control, or be deemed to indicate that Lender is in control of, the business, management or properties of Borrower or the daily management functions and operating decisions made by Borrower. 
 Section 6.9 Number and Gender. Whenever used herein, the singular number shall include the plural and the singular, and the use of any gender
shall be applicable to all genders. The duties, covenants, obligations and warranties of Borrower in this Agreement shall be joint and several obligations of Borrower and of each Borrower if more than one. 
 Section 6.10 Captions. The captions, headings, and arrangements used in this Agreement are for convenience only and do not in any way affect,
limit, amplify, or modify the terms and provisions hereof. 
 Section 6.11 Applicable Law. THIS AGREEMENT AND THE OTHER LOAN
DOCUMENTS ARE CONTRACTS MADE IN, AND UNDER THE LAWS OF, THE STATE OF 

  

 LOAN AGREEMENT – Page 12 

 
TEXAS, AND THEIR VALIDITY, ENFORCEMENT AND INTERPRETATION, SHALL FOR ALL PURPOSES BE GOVERNED ENTIRELY BY TEXAS LAW AND APPLICABLE UNITED STATES FEDERAL LAW.

 Section 6.12 Relationship of the Parties. This Agreement provides for the making of the Loan by Lender, in its capacity as a
lender, to Borrower, in its capacity as a borrower, and for the payment of interest and repayment of principal by Borrower to Lender. The relationship between Lender and Borrower is limited to that of creditor/secured party, on the one hand, and
debtor, on the other hand. The provisions herein for delivery of Financial Statements are intended solely for the benefit of Lender to protect its interests as lender in assuring payments of interest and repayment of principal, and nothing contained
in this Agreement shall be construed as permitting or obligating Lender to act as a financial or business advisor or consultant to Borrower, as permitting or obligating Lender to control Borrower or to conduct Borrower’s operations, as creating
any fiduciary obligation on the part of Lender to Borrower, or as creating any joint venture, agency, or other relationship between the parties other than as explicitly and specifically stated in this Agreement. Borrower acknowledges that it has had
the opportunity to obtain the advice of experienced counsel of its own choosing in connection with the negotiation and execution of this Agreement and to obtain the advice of experienced counsel in connection with entering into these binding
provisions, including, without limitation, the provision for waiver of trial by jury. Borrower further acknowledges that it is experienced with respect to financial and credit matters and has made its own independent decisions to apply to Lender for
credit and to execute and deliver this Agreement. 
 Section 6.13 WAIVER OF JURY TRIAL. BORROWER HEREBY COVENANTS AND AGREES
THAT, IN CONNECTION WITH ANY DISPUTE ARISING UNDER THIS AGREEMENT OR UNDER ANY OF THE OTHER LOAN DOCUMENTS, IT SHALL NOT ELECT A TRIAL BY JURY OF ANY ISSUE TRIABLE OF RIGHT BY A JURY AND HEREBY WAIVES ANY RIGHT TO TRIAL BY JURY FULLY TO THE EXTENT
THAT ANY SUCH RIGHT SHALL NOW OR HEREAFTER EXIST. THIS WAIVER OF RIGHT TO TRIAL BY JURY IS SEPARATELY GIVEN, KNOWINGLY AND VOLUNTARILY, BY BORROWER, AND THIS WAIVER IS INTENDED TO ENCOMPASS INDIVIDUALLY EACH INSTANCE AND EACH ISSUE AS TO WHICH THE
RIGHT TO A JURY TRIAL WOULD OTHERWISE ACCRUE. LENDER IS HEREBY AUTHORIZED AND REQUESTED TO SUBMIT THIS AGREEMENT TO ANY COURT HAVING JURISDICTION OVER THE SUBJECT MATTER AND THE PARTIES HERETO, SO AS TO SERVE AS CONCLUSIVE EVIDENCE OF THE FOREGOING
WAIVER OF THE RIGHT TO JURY TRIAL. FURTHER, BORROWER HEREBY CERTIFIES THAT NO REPRESENTATIVE OR AGENT OF LENDER, INCLUDING LENDER’S COUNSEL, HAS REPRESENTED, EXPRESSLY OR OTHERWISE, TO ANY OF THE UNDERSIGNED THAT LENDER WILL NOT SEEK TO ENFORCE
THIS WAIVER OF RIGHT OF JURY TRIAL PROVISION. 
 Section 6.14 Consent to Jurisdiction. Borrower hereby agrees that any action
or proceeding under this Agreement or under any of the other Loan Documents may be commenced against it in any court of competent jurisdiction within the State of Texas by service of process upon Borrower by first class registered or certified mail,
return receipt requested, addressed to Borrower at its address last known to Lender. Borrower agrees that any such suit, action or proceeding arising out of or relating to this Agreement or to any of the other Loan Documents may be instituted in the
United States District Court for the Northern District of Texas; and Borrower hereby waives any objection to the venue of any such suit, action or proceeding. Nothing herein shall affect the right of Lender to accomplish service of process in any
other manner permitted by law or to commence legal proceedings or otherwise proceed against Borrower in any other jurisdiction or court. 
  

 LOAN AGREEMENT – Page 13 

 Section 6.15 Negotiation. The parties have participated jointly in the negotiation and
drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises, there shall be no presumption or burden of proof which arises favoring or disfavoring any party by virtue of the authorship of any of the
provisions of this Agreement. 
 Section 6.16 Conflicting Terms. In the event of a conflict or apparent conflict between or among the
terms and provisions of this Agreement and the other Loan Documents, the parties shall give the provisions their broadest interpretation so as to reconcile the conflict or apparent conflict. If such an interpretation is not possible, or if the
parties cannot agree on such an interpretation, Lender, in its sole discretion, shall designate the provision which most closely approximates its intention with respect to the subject matter at the time of execution of the Loan Documents and such
provision shall govern. Borrower hereby agrees that such a procedure does not prejudice its rights under the Loan Documents insofar as Borrower has accepted and agreed to be bound by all of the terms and conditions of this Agreement and of the Loan
Documents by its execution hereof and thereof. 
 Section 6.17 Entire Agreement. THE WRITTEN LOAN DOCUMENTS REPRESENT THE FINAL
AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. 
 THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. 
  

 LOAN AGREEMENT – Page 14 

 EXECUTED and DELIVERED as of the date first recited. 
  

					
	The Address of Borrower is:	 	BORROWER:
		
	2911 Turtle Creek Blvd., Suite 700	 	PLAINS CAPITAL CORPORATION,
	Dallas, Texas 75219	 	a Texas corporation
	Attn: Jeff Isom	 		 	
			
		 	By:	 	 /s/ Jeff Isom

		 	Name:	 	Jeff Isom
		 	Title:	 	EVP/LFO
		
	The Address of Lender is:	 	LENDER:
		
		 	BANK ONE, NA,
	Mail Code TXl-1275	 	a national banking association
	P.O. Box 2050	 		 	
	Fort Worth, Texas 76113-2050	 		 	
	Attn: James W. Aldridge	 		 	
			
		 	By:	 	 /s/ James W. Aldridge

		 	Name:	 	James W. Aldridge
		 	Title:	 	First Vice President
			
	For deliveries in person, the Address of Lender is:	 		 	
			
	Bank One, NA	 		 	
	1301 South Bowen Road	 		 	
	Arlington, Texas 76013	 		 	
	Attn: James W. Aldridge	 		 	

  

 LOAN AGREEMENT – Page 15 

 EXHIBIT “A” 
 TO 
 LOAN AGREEMENT 
 CONDITIONS TO CLOSING AND FUNDING 
  

							
	(X)                    	 	1.	 	The Note, dated the Closing Date.
			
	(X)	 	2.	 	The Pledge and Security Agreement, dated the Closing Date.
			
	(X)	 	3.	 	The Financing Statements with respect to the security interest granted in the Loan Documents, together with evidence of the priority of the respective security interests perfected
thereby.
			
	(X)	 	4.	 	The Financial Statements of Borrower.
			
	(X)	 	5.	 	With respect to Borrower:
				
		 		 	(a)	  	Certified Resolutions or Unanimous Consent of the Board of Directors and Incumbency;
				
		 		 	(b)	  	Certificates of Existence and Good Standing from state of incorporation or organization;
				
		 		 	(c)	  	Certified Articles of Incorporation and all amendments thereto from state of incorporation; and
				
		 		 	(d)	  	Certified Bylaws and all amendments thereto from the company.
			
	(X)	 	6.	 	Borrower shall obtain and maintain insurance coverage typical of that held by similarly situated companies, satisfactory to Lender.

  

 LOAN AGREEMENTRenewal, Extension and Modification Agreement dated October 27, 2006

 Exhibit 10.45 
 RENEWAL, EXTENSION AND MODIFICATION AGREEMENT 
 THIS RENEWAL, EXTENSION AND MODIFICATION
AGREEMENT (“Agreement”) is entered into and effective this 27th day of October, 2006, by and among PLAINS CAPITAL CORPORATION, a Texas corporation (“Borrower”), and JPMORGAN CHASE BANK, NA, a national banking
association [successor by merger to Bank One, NA (Illinois)] with its main office in Chicago, Illinois (“Lender”). Unless otherwise defined herein or unless the context indicates otherwise, any word herein beginning with a
capitalized letter shall have the meaning ascribed to such word in that certain Loan Agreement (as amended, the “Loan Agreement”), dated as of October 27, 2004, between Borrower and Lender. 
 R E C I T A L S: 
 WHEREAS, Lender
previously agreed to make a $500,000.00 term loan (the “Loan”) to Borrower, in accordance with and subject to the terms and conditions of the Loan Agreement; and 
 WHEREAS, the Loan is evidenced by that certain Promissory Note (the “Note”) dated as of October 27, 2004, made by Borrower and
payable to the order of Lender in the maximum principal amount of $500,000.00; and 
 WHEREAS, the Note will mature in accordance with its
terms on October 27, 2011 (the “Current Maturity Date”); and 
 WHEREAS, Borrower and Lender have now agreed, subject
to the terms and conditions set forth herein, to extend the Current Maturity Date for an additional two years. 
 NOW, THEREFORE, for and in
consideration of Ten Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged and agreed, Borrower and Lender hereby agree as follows: 
 Section 1.1 Acknowledgment of Outstanding Balance. The parties hereto acknowledge that the outstanding principal balance of the Note as of
October 1, 2006, is Five Hundred Thousand AND NO/100 DOLLARS ($500,000.00). 
 Section 1.2 Extension. The Loan is and the
maturity thereof is hereby extended to October 27, 2013. 
 Section 1.3 Amended and Restated Note. The Loan shall be
evidenced and governed by a new promissory note (the “New Note”) which amends and restates in its entirety, but does not extinguish, the Note. Anything to the contrary notwithstanding, if any inconsistency exists between the Loan
Agreement and the New Note, the New Note shall control. 
 Section 1.4 Definition of Loan Documents. The term “Loan
Documents” as defined in the Loan Agreement and as used in the Loan Agreement, the New Note, the other Loan Documents and herein, shall be, and hereby is, modified to include this Agreement and any and all other documents executed in connection
with this Agreement. All references to the term “Loan Documents” contained in the Loan Agreement, the New Note and the other Loan Documents are hereby modified and amended wherever necessary to reflect such modification of such term.

 RENEWAL, MODIFICATION AND EXTENSION AGREEMENT 

 ARTICLE II - MISCELLANEOUS 
 Section 2.1 Conditions Precedent. On or prior to the date hereof and as conditions precedent to the agreements of the Lender herein set forth, Borrower shall deliver to Lender: (i) a fully executed
original of this Agreement and the New Note; and (ii) evidence satisfactory to Lender of the authority of Borrower to enter into this Agreement and the New Note. 
 Section 2.2 Payment of Expenses. Borrower agrees to pay to Lender, upon demand, the reasonable fees and expenses of Lender’s counsel and other reasonable expenses incurred by Lender in connection with
this Agreement. 
 Section 2.3 Acknowledgment by Borrower. Except as otherwise specified herein and by the other Loan Documents,
the terms and provisions of the Loan Documents are ratified and confirmed and shall remain in full force and effect, enforceable in accordance with their terms. Borrower hereby acknowledges, agrees and represents that (i) Borrower is indebted
to Lender pursuant to the terms of the New Note and the Loan Documents as modified hereby; (ii) the liens, security interests and assignments created and evidenced by the Loan Documents are, respectively, valid and subsisting liens, security
interests and assignments of the respective dignity and priority recited in the Loan Documents, including, without limitation, the liens, security interests and assignments set forth in the Security Agreement, and (iii) such liens, security
interests and assignments secure the. 
 Section 2.4 Additional Documentation. From time to time, Borrower shall execute or
procure and deliver to Lender such other and further documents and instruments evidencing, securing or pertaining to the Loan or the Loan Documents as shall be reasonably requested by Lender so as to evidence or effect the terms and provisions
hereof. Upon Lender’s request, Borrower shall cause to be delivered to Lender evidence of the authority of Borrower, and any constituents of Borrower, to execute and deliver this Agreement, and such other matters as reasonably requested by
Lender. 
 Section 2.5 Binding Agreement. This Agreement shall be binding upon, and shall inure to the benefit of, the parties,
respective heirs, representatives, successors and assigns. 
 Section 2.6 Nonwaiver of Events of Default. Neither this Agreement
nor any other document executed in connection herewith constitutes or shall be deemed (i) a waiver of, or consent by Lender to, any default or event of default which may exist or hereafter occur under any of the Loan Documents, (ii) a
waiver by Lender of any of Borrower’s obligations under the Loan Documents, or (iii) a waiver by Lender of any rights, offsets, claims, or other causes of action that Lender may have against Borrower. 
 Section 2.7 No Defenses. Borrower, by its execution of this Agreement, hereby declares that it has no set-offs, counterclaims, defenses or
other causes of action against Lender arising out of the Loan, any documents mentioned herein or otherwise; and, to the extent any such setoffs, counterclaims, defenses or other causes of action may exist, whether known or unknown, such items are
hereby waived by Borrower. 
 Section 2.8 Counterparts. This Agreement may be executed in several counterparts, all of which are
identical, each of which shall be deemed an original, and all of which counterparts together shall constitute one and the same instrument, it being understood and agreed that the signature pages may be detached from one or more of such counterparts
and combined with the signature pages from any other counterpart in order that one or more fully executed originals may be assembled. 
  
 RENEWAL, MODIFICATION AND EXTENSION AGREEMENT 
  

 2 

 Section 2.9 Choice of Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF TEXAS, EXCEPT TO THE EXTENT FEDERAL LAWS PREEMPT THE LAWS OF THE STATE OF TEXAS. 
 Section 2.10
Entire Agreement. This Agreement, together with the other Loan Documents, contain the entire agreements between the parties relating to the subject matter hereof and thereof. This Agreement and the other Loan Documents may be amended,
revised, waived, discharged, released or terminated only by a written instrument or instruments, executed by the party against which enforcement of the amendment, revision, waiver, discharge, release or termination is asserted. Any alleged
amendment, revision, waiver, discharge, release or termination which is not so documented shall not be effective as to any party. 
 THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES RELATED TO THE SUBJECT MATTER HEREIN CONTAINED AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL
AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. 
  
 RENEWAL, MODIFICATION AND EXTENSION AGREEMENT 
  

 3 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the date first above
written. 
  

			
	LENDER:
	
	 JPMORGAN CHASE BANK, NA, a national
 banking
association [successor by merger to
 Bank One, NA (Illinois)]

		
	By:	 	 /s/ Timothy F. Johnson

		 	Timothy F. Johnson
		 	First Vice President
	
	BORROWER:
	
	PLAINS CAPITAL CORPORATION
		
	By:	 	 /s/ Jeff Isom

	Name:	 	 Jeff Isom

	Title:	 	 CFO

  
 RENEWAL, MODIFICATION AND
EXTENSION AGREEMENT 
  

 4

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