展品10.1

证券保证借款的第二次修订和重申的 promissory note   富国银行设备融资公司 | 南第四街600号 | MAC N9300-100 | 明尼阿波利斯，明尼苏达州55415

注意：出借人保留权利，在未在本承诺书签署日期起五（5）个工作日内收到原件或传真件后，撤回本承诺书条款并发出经修改的承诺书而无需通知债务人。然而，在此情况下，除非债务人签署包含所有修改的修改文件，否则不会对债务人产生约束力。

合同编号0011169-000，日期为2024年10月25日

本人（“债务人”）特此无条件承诺，如有价值收到，将支付给富国设备融资公司（“贷款人”），地址由贷款人随时指定，在美利坚合众国合法货币中，本金总额 $15,000,000.00 连同自贷款款项下达后未偿余额计算的利息，以以下方式确定年利率（按360天年基础，实际天数计算）。

此处发放的贷款款项的利率为贷款人确定的年化利率，即（i）SOFR平均值加（ii） 2.22%“SOFR平均值”是贷款人确定的年化利率，是SOFR在滚动三十（30）个日历日内的复利平均值（“30天SOFR平均值”），用于确定日期前两个（2）个营业日的当天（该日为“SOFR平均值确定日”），根据SOFR管理者在SOFR管理者网站上发布的利率进行公布；但是，（x）如果在任何SOFR平均值确定日的纽约时间下午5:00（纽约时间）时，该30天SOFR平均值尚未在SOFR管理者网站上发布，并且与SOFR平均值有关的基准替换日期尚未发生，则SOFR平均值将是在SOFR管理者网站上为第一个之前的一个营业日发布的30天SOFR平均值，只要该第一个之前的营业日不晚于SOFR平均值确定日前的三（3）个营业日；（y）如果根据以上规定确定的SOFR平均值（包括根据此款的规定）低于0%（“基准底线”），则SOFR平均值将被视为基准底线。“SOFR”是由SOFR管理者进行管理的过夜担保融资利率的年化利率。“SOFR管理者”是纽约联邦储备银行（或担保隔夜融资利率的后继管理者）。 “SOFR管理者网站”是纽约联邦储备银行的网站，目前位于http://www.newyorkfed.org，或者是由SOFR管理者不时确定的代表担保隔夜融资利率的任何后继来源。“营业日”是除了（i）星期六，（ii）星期日，或（iii）证券业协会及金融市场协会或任何后继者建议其成员的固定收入部门整天停止交易美国政府债券目的以外的任何日子。利率最初将于发放贷款款项所在月的第一天确定，并且此初始利率将持续有效直至发放贷款款项所在月的最后一天。 除非适用违约利率（如下所定义），否则之后每个月的有效利率直至此票据全额支付将是SOFR平均值的相同百分比，每月的第一天确定一次（每个这样的月度期间称为“利息期间”）。 在下文基准替换规定下，如果贷款人判断（任何判断均为对债务人具有约束力的判断），要么（i）根据不可转让确定定义无法确定适用的利息期间的SOFR平均值（一种“不确定性确定”），要么（ii）任何法律已经使得贷款人依据SOFR或SOFR平均值进行或维持预付款成为非法，或者任何政府当局声称根据SOFR或SOFR平均值进行或确定利率成为非法（一种“非法确定”），则贷款人将向债务人发出通知。

本协议包括以下确定的页面数量上的条款

在无力判定或违法判定之日起，直至贷款人撤销该无力判定或通知债务人有关导致违法判定不存在的情况不再存在（视情况而定），调整后的基准利率应替代对本利息的任何确定。受影响利息期（将添加到调整后的基准利率上曾添加到SOFR平均值的保证金）；但是，不得因无法判定在任何适用的利息期间生效而作出任何利息确定。尽管前述有异议，但如果随后根据适用的基准替代条款确定了基准替换方案，那么该基准替换方案及任何适用的保证金将取代前述替换基准。 “调整后的基准利率”在任何时候，指（a）当时的基准利率减去（b）金额（可能为正数、负数或零，且从无力判定或违法判定之日直至贷款人撤销该无力判定或通知债务人有关导致违法判定不存在的情况不再存在，按实际情况而定）等于（i）最后可用SOFR平均值的基准利率减去（ii）最后可用的SOFR平均值（若SOFR平均值大于基准利率，则（i）减去（ii）得负数，则将负数添加到（a）以得出调整后的基准利率）；但是，如果调整后的基准利率低于基准下限，则调整后的基准利率将视为基准下限。 “基准利率”在任何时候，指富国银行国家协会（“银行”）在其主要办公地点最近公布的利率作为其基准利率，须理解基准利率是银行的基础利率之一，用作计算那些贷款的有效利率的基础，并在银行指定的内部出版物或出版物宣布后存入记录来证明。如果银行在任何时候公布的利率作为其基准利率低于基准下限，则为本票及任何相关贷款文件目的，基准利率将视为基准下限。

首期应付款到期日是指在本协议下贷款款项发放后一个月的日期。债务人同意，当本注记签订时，首期应付款到期日和最后一期应付款到期日的日期可以留空，并特此授权贷方根据　予定之日期填入。 60个月期限 以及贷款款项发放日期。

债务人承诺按以下方式支付本金及利息：

本金应分期支付于 59 每年 每月 分期 每期$250,000.00 自首次分期到期日开始，并在此后的每个月同一天持续进行，最后在最终分期到期日支付全部未付余额，届时所有未付本金将到期并应支付。

未还清按月付款截止日前的未支付本金余额所产生的利息将随每期本金一并支付。

每期付款金额和计算此类付款所使用的年利率均根据上述资料中贷款人的资金成本在此笔款项注明日期后的两个业务日内进行计算。尽管本注释中的任何内容与此不符，如果在此注释日期后的十五（15）个业务日内未拨付贷款款项且贷款人的资金成本自注释日期以后有所增加，则年利率和分期付款金额将会增加，以便向贷款人提供，即使贷款人的资金成本没有增加，也能获得同等收益。年利率和分期付款金额将由贷款人根据此注释投放资金之前的两个业务日内考虑其资金成本来确定。债务人同意在贷款人收到贷款人所要求的所有文件和信息之前，不得拨付贷款款项，这可能包括但不限于交付和接受证书、保险证明、发票、房东放弃权和设备上无不良留置权或安全权益的证明。在此情况下，债务人和贷款人应签署对本注释进行修改的协议，以反映利率和分期付款的变更。

如果在到期日后十（10）天内未收到贷方的任何分期付款，债务人同意向贷方支付逾期费，该逾期费等于以下两者中的较低者（i）逾期分期付款的5%或（ii）适用法律允许的最高金额。随后收到的付款应先用于滞纳的分期付款，然后用于当前的分期付款。

This Note may be prepaid in whole at any time by paying to Lender the unpaid principal balance of this Note, together with accrued but unpaid interest and late fees, plus a prepayment premium of 2.00% of the principal amount prepaid if prepaid during months 1 - 30 and 0.00% thereafter.

This Note shall not be prepaid in part except as a result of a permitted disposition of an item of collateral which secures this Note. The amount of such partial prepayment relative to an item of collateral shall be equal to a principal amount, as reasonably determined in Lender’s sole discretion, together with accrued but unpaid interest, plus a prepayment premium calculated in accordance with the preceding paragraph with respect to the principal amount prepaid. Nothing contained in this paragraph shall be construed as an authorization by Lender to Debtor to sell or otherwise dispose of an item of collateral which secures this Note. Such sale or disposition of an item of collateral by Debtor shall be made solely in accordance with the terms of the security agreement or other agreement pursuant to which Debtor pledged such item of collateral to Lender.

Debtor may remit to Lender amounts in excess of an installment that is due hereunder and Lender shall apply such amount to the next maturing installment or installments. Payment of amounts in excess of the installment that is due or installments prior to the due date thereof shall not be treated as a prepayment or result in a change to either the total number of installments or the total sum of all installments payable under this Note.

Debtor shall pay to Lender immediately upon demand, in addition to any other amounts due or to become due hereunder, any and all (i) withholdings, interest equalization taxes, stamp taxes or other taxes (except income and franchise taxes) imposed by any governmental authority and related in any manner to SOFR or SOFR Average, and (ii) costs, expenses and liabilities arising from or in connection with reserve percentages prescribed by the Board of Governors of the Federal Reserve System (or any successor) for “Eurocurrency Liabilities” (as defined in Regulation D of the Board of Governors of the Federal Reserve System, as amended), assessment rates imposed by the Federal Deposit Insurance Corporation, or similar requirements or costs imposed by any domestic or foreign governmental authority or resulting from compliance by Lender with any request or directive (whether or not having the force of law) from any central bank or other governmental authority and related in any manner to SOFR or SOFR Average. In determining which of the foregoing are attributable to any SOFR or SOFR Average option available to Debtor hereunder, any reasonable allocation made by Lender among its operations shall be conclusive and binding upon Debtor.

Each of the following shall constitute an Event of Default hereunder: (a) failure to pay any installment hereunder within ten (10) days of when due; (b) the occurrence of an event of default as defined in any security agreement or mortgage securing this Note; (c) the commencement of any bankruptcy or insolvency proceedings by or against Debtor or any guarantor of this Note; and (d) an event of default shall occur under any indebtedness Debtor may now or hereafter owe to Lender or any affiliate thereof. Upon the occurrence of an Event of Default, Lender may do any one or more of the following as it may elect: (i) declare the entire unpaid balance of the Note to be immediately due and payable, and thereupon the full principal balance plus the prepayment premium described above, together with accrued but unpaid interest through and including the date of payment in full, shall be and become immediately due and payable. Interest shall be calculated from the date of such Event of Default, both before and after judgment, at a rate equal to the lesser of 12% per annum or the highest rate permitted by law (the “Default Rate”); (ii) exercise any one or more of the rights and remedies available to it under any security agreement or mortgage securing this Note or under any other agreement or by law. In no event shall Debtor’s obligations under this Note be secured by any real property unless the document granting an interest in real property specifically references this Note by date and/or contract number.

Debtor hereby waives presentment, notice of dishonor, and protest. Debtor agrees to pay all costs of collection of this Note, including reasonable attorneys’ fees. The holder hereof may change the terms of payment of the Note by extension, renewal or otherwise, and release any security for, or party to, this Note and such action shall not release any accommodation maker, endorser, or guarantor from liability on this Note.

Notwithstanding anything to the contrary contained herein, if the rate of interest, late payment fee, prepayment premium or any other charges or fees due hereunder are determined by a court of competent jurisdiction to be usurious, then said interest rate, fees and/or charges shall be reduced to the maximum amount permissible under applicable law and any such excess amounts shall be applied towards the reduction of the principal balance of this Note.

This Note shall be construed and enforced in accordance with, and the rights of the parties shall be governed by, the laws of the State of Minnesota without regard to conflicts of law rules. DEBTOR HEREBY WAIVES ANY RIGHT TO A JURY TRIAL WITH RESPECT TO ANY MATTER UNDER OR IN CONNECTION WITH THIS NOTE.

If Debtor is not an individual, (i) the execution, delivery and performance of this Note has been duly authorized by all necessary action on the part of Debtor and will not violate any provision of Debtor’s governing documents; (ii) the person signing on behalf of Debtor is duly authorized; and (iii) this Note constitutes a legal, valid and binding obligation of Debtor.

If this Note is signed by more than one person as Debtor, then the term “Debtor” shall refer to each of them separately and to all of them jointly, and each such person shall be liable hereunder individually in full and jointly with the others.

Lender may in its sole discretion, accept a photocopy, electronically transmitted facsimile, pdf or other reproduction of this Note and/or any document related hereto or thereto (a “Counterpart”) as the binding and effective record of this Note and/or such other document, whether or not an ink signed copy hereof is also received by Lender from Debtor, provided, however, that if Lender accepts a Counterpart as the binding and effective record of this Note or any other document, the Counterpart acknowledged by Lender (either in ink or electronically) shall constitute the record hereof or thereof. Debtor represents to Lender that the signature that appears on the Counterpart that is transmitted by Debtor to Lender in any manner described above is intended by Debtor to authenticate the Counterpart notwithstanding that such signature is electronic, facsimile or a reproduction and Debtor further agrees that a Counterpart of this Note or such other document received by Lender, shall, when acknowledged by Lender (either in ink or electronically), constitute an original document for the purposes of establishing the provisions hereof and thereof and shall be legally admissible under the best evidence rule and binding on and enforceable against Debtor. If Lender accepts a Counterpart of a document as the binding and effective record thereof, only such Counterpart acknowledged by Lender’s ink or electronic signature may be marked “Original” and perfection of a security interest by possession or control may only be accomplished by possession or control of the Counterpart that bears Lender’s acknowledgement.

Benchmark Replacement Provisions. Notwithstanding anything to the contrary contained herein:

(a) Benchmark Replacement. If a Benchmark Transition Event occurs, the applicable Benchmark Replacement will replace the then- current Benchmark for all purposes hereunder on the Benchmark Replacement Date without any further action or consent of Debtor.

(b) Benchmark Replacement Conforming Changes. Lender will have the right to make Benchmark Replacement Conforming Changes from time to time and any amendments implementing such Benchmark Replacement Conforming Changes will become effective without any further action or consent of Debtor.

(c) Notices; Standards for Decisions and Determinations. Lender will promptly notify Debtor of (i) the implementation of any Benchmark Replacement and (ii) the effectiveness of any Benchmark Replacement Conforming Changes. Any determination, decision or election that may be made by Lender pursuant to these provisions, including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error and will be made in its sole discretion and without Debtor consent.

(d) Certain Defined Terms. As used herein:

“Benchmark” means, initially, the SOFR Average; provided, however, that if a Benchmark Transition Event has occurred with respect to the SOFR Average or the then-current Benchmark, then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has become effective pursuant to the provisions of this Note.

“Benchmark Administrator” means, initially, the SOFR Administrator or any successor administrator of the then-current Benchmark or any insolvency or resolution official with authority over such administrator.

“Benchmark Replacement” means the sum of: (x) the alternate rate of interest that has been selected by Lender as the replacement for the then-current Benchmark and (y) the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by Lender, in each case giving due consideration to (i) any selection or recommendation by the Relevant Governmental Body at such time for a replacement rate, the mechanism for determining such a rate, the methodology or conventions applicable to such rate, or the spread adjustment, or method for calculating or determining such spread adjustment, for such rate or (ii) any evolving or then-prevailing market convention for determining a rate of interest as a replacement to the then-current Benchmark, the methodology or conventions applicable to such rate, or the spread adjustment, or method for calculating or determining such spread adjustment, for such rate for U.S. dollar-denominated syndicated or bilateral credit facilities; provided, however, that if the Benchmark Replacement as determined as provided would be less than the Benchmark Floor, then the Benchmark Replacement shall be deemed to be the Benchmark Floor for the purposes hereof.

“Benchmark Replacement Conforming Changes” means any technical, administrative or operational changes (including, without limitation, changes to the timing and frequency of determining rates and making payments of interest, prepayment provisions and other technical, administrative or operational matters) that Lender decides may be appropriate to reflect the adoption and implementation of such Benchmark Replacement and to permit the administration thereof by Lender.

“Benchmark Replacement Date” means the date specified by Lender in a notice to Debtor following a Benchmark Transition Event.

“Benchmark Transition Event” means the occurrence of one or more of the following events with respect to the then-current Benchmark: a public statement or publication of information by or on behalf of the Benchmark Administrator or a regulatory supervisor for the Benchmark Administrator announcing that (a) the Benchmark Administrator has ceased or will cease to provide the Benchmark, permanently or indefinitely; or (b) the Benchmark is not, or as of a specified future date will not be, representative.

“Relevant Governmental Body” means the Board of Governors of the Federal Reserve System and/or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Board of Governors of the Federal Reserve System and/or the Federal Reserve Bank of New York or any successor thereto.

Schedule A Wells Fargo Equipment Finance, Inc. | 600 South 4th Street | MAC N9300-100 | Minneapolis, MN 55415

Contract No. 0011169-000 dated as of August 2, 2022

Final Revision: October 25, 2024

Final

Debtor/Borrower: Geneva Pipe and Precast Company

One (1) Schlusselbauer Exact 2500 Concrete Pipe Plant as more fully described on order confirmation number AB-23900-00 from Schlusselbauer Technology

One (1) Manhole Riser & Cones System for Schlusselbauer Exact 2500 Concrete Pipe Plant/2-45-WCS Concrete Mixing and Batching One(1) WiCoMix WM2250/3-45-WCS Concrete Mixing and Batching Plant

One (1) WiCoMix WM 3450-4WAB-840WCS Mixing and Batching Plant

Debtor/Borrower: Geneva Pipe and

Precast Company