Common use of Variable Rate Clause in Contracts

Variable Rate. The current Annual Percentage Rate for all variable rates is shown on the Account Opening Disclosure which has been provided to you with this Agreement. The Daily Periodic Rate and the corresponding Annual Percentage Rate may change each month on the first day of each of your billing cycles. Each date on which the rate of interest could change is called a “Change Date.” Changes will be based on changes in the “Index.” The Index is the highest Prime Rate published in the “Money Rates” table of The Wall Street Journal. If the Index is no longer available, we will choose a new index which is based upon comparable information and will give you notice of our choice. The Index figure published on the second Tuesday (or on the next business day if the second Tuesday is a holiday) each month is called the “Current Index.” Your interest rate for Purchases (after the Introductory Period) and Balance Transfers on your World MasterCard account is based on a variable rate equal to the sum of the Current Index plus a “Rate Spread” of 11.74 percentage points. The interest rate for Cash Advances on your Account is based on a variable rate equal to the sum of the Current Index plus a “Rate Spread” of 21.74 percentage points. Immediately before each Change Date we will determine the new interest rate by adding the Rate Spread to the Current Index. The new interest rate will become effective at the start of your first billing cycle after the Change Date. Only one Annual Percentage Rate and Daily Periodic Rate will be in effect for each Balance Category during the billing period. The Annual Percentage Rate will not exceed the maximum rate permitted by law. The effect of any increase in the Annual Percentage Rate and the Daily Periodic Rate would be to increase the amount of INTEREST CHARGE or interest you must pay and thus increase your monthly payments.

Variable Rate. The current Annual Percentage Rate for all variable rates is shown on the Account Opening Disclosure which has been provided to you with this Agreement. The Daily Periodic Rate and the corresponding Annual Percentage Rate may change each month on the first day of each of your billing cycles. Each date on which the rate of interest could change is called a “Change Date.” Changes will be based on changes in the “Index.” The Index is the highest Prime Rate published in the “Money Rates” table of The Wall Street Journal. If the Index is no longer available, we will choose a new index which is based upon comparable information and will give you notice of our choice. The Index figure published on the second Tuesday (or on the next business day if the second Tuesday is a holiday) each month is called the “Current Index.” Your interest rate for Purchases (after the Introductory Period) and Balance Transfers on your World MasterCard account is based on a variable rate equal to the sum of the Current Index plus a “Rate Spread” of 11.74 percentage points. The interest rate for Cash Advances on your Account is based M-114759 BW-WCCAG (04/2015) on a variable rate equal to the sum of the Current Index plus a “Rate Spread” of 21.74 percentage points. Immediately before each Change Date we will determine the new interest rate by adding the Rate Spread to the Current Index. The new interest rate will become effective at the start of your first billing cycle after the Change Date. Only one Annual Percentage Rate and Daily Periodic Rate will be in effect for each Balance Category during the billing period. The Annual Percentage Rate will not exceed the maximum rate permitted by law. The effect of any increase in the Annual Percentage Rate and the Daily Periodic Rate would be to increase the amount of INTEREST CHARGE or interest you must pay and thus increase your monthly payments.

Variable Rate. The current Annual Percentage Rate ANNUAL PERCENTAGE RATE for all variable rates is shown on the Account Opening Disclosure which has been provided to you with this Agreement. The Daily Periodic Rate and the corresponding Annual Percentage Rate ANNUAL PERCENTAGE RATE may change each month on the first day of each of your billing cycles. Each date on which the rate of interest could change is called a “Change Date.” Changes will be based on changes in the “Index.” The Index is the highest Prime Rate published in the “Money Rates” table of The Wall Street JournalJournal on the business day immediately preceding the day your billing cycle ends. If the Index is no longer available, we will choose a new index which is based upon comparable information and will give you notice of our choice. The Index figure published on the second Tuesday (ANNUAL PERCENTAGE RATE may increase or on the next business day decrease each month if the second Tuesday Index changes. Any new rate will be applied as of the first day of your billing cycle during which the Index has changed. If the ANNUAL PERCENTAGE RATE increases, you will pay a higher INTEREST CHARGE, which may result in a higher minimum payment. The interest rate for Purchases and Balance Transfers on your Platinum Credit Card account is based on a holiday) each month is called variable rate equal to the sum of the Index plus a “Current Index.Rate Spread” Your of 11.74 to 19.74 percentage points, based on your creditworthiness. The interest rate for Purchases (after the Introductory Period) and Balance Transfers on your Cash Back World MasterCard Credit Card account is based on a variable rate equal to the sum of the Current Index plus a “Rate Spread” of 11.74 12.74 to 19.74 percentage points, based on your creditworthiness. The interest rate for Cash Advances on your Account is based on a variable rate equal to the sum of the Current Index plus a “Rate Spread” of 21.74 percentage points. Immediately before each Change Date we will determine the new interest rate by adding the Rate Spread to the Current Index. The new interest rate will become effective at the start of your first billing cycle after the Change Date. Only one Annual Percentage Rate ANNUAL PERCENTAGE RATE and Daily Periodic Rate will be in effect for each Balance Category during the billing period. The Annual Percentage Rate ANNUAL PERCENTAGE RATE will not exceed the maximum rate permitted by law. The effect of any increase in the Annual Percentage Rate ANNUAL PERCENTAGE RATE and the Daily Periodic Rate would be to increase the amount of INTEREST CHARGE or interest you must pay and thus increase your monthly payments.

Variable Rate. The current Annual Percentage ANNUAL PERCENTAGE RATE and Daily Periodic Rate for all variable rates is Purchases are shown on the Account Opening Disclosure variable-rate disclosure which has been provided to you with this Agreement. The Daily Periodic Rate and the corresponding Annual Percentage Rate ANNUAL PERCENTAGE RATE may change each month on the first day of each of your billing cyclescycles that begin in March, June, September, and December. Each date on which the rate of interest could change is called a “Change Date.” Changes will be based on changes in the “Index.” The Index is the highest Prime Rate published in the “Money Rates” table section of The Wall Street Journal. If the Index is no longer available, we will choose a new index which is based upon comparable information and will give you notice of our choice. The highest Index figure published on within the second Tuesday (or on three months immediately preceding the next business day if calendar month in which the second Tuesday is a holiday) each month Change Date occurs is called the “Current Index.” The Current Index will not be less than 4.50%. Your interest rate for Purchases (after the Introductory Period) and Balance Transfers on your World MasterCard account is based on a variable rate equal to the sum of the Current Index plus a “Rate Spread” of 11.74 percentage points. The interest rate for Cash Advances on your Account is based on a variable rate equal to the sum of the Current Index plus a “Rate Spread” of 21.74 10.99 percentage points. Immediately before each Change Date we will determine the new interest rate for Purchases by adding the Rate Spread to the Current Index. For example, if the Current Index was 7.00% and the Rate Spread 10.99 percentage points, the ANNUAL PERCENTAGE RATE would be 17.99%, and by dividing this percentage figure by 365, we would compute a Daily Periodic Rate of .0493%. The new interest rate for Purchases will become effective at the start of your first billing cycle after the Change Date. Only one Annual Percentage Rate ANNUAL PERCENTAGE RATE and Daily Periodic Rate for Purchases will be in effect We reserve the right to waive these fees from time to time. If we incur special expenses on your Credit Card account due to a request made by you, we may also charge you for each these expenses. If Company requests Employees to have access to Cash Advances and Employee uses an ATM not owned by us, a fee may be charged by the ATM operator or any network used (and you may be charged a fee for a balance inquiry even if you do not complete a fund transfer). We cannot waive these fees. Automated Teller Machine (ATM) Transaction Fees: At a First Hawaiian Bank ATM At a Network ATM • Deposit Account Withdrawal ♦ Domestic ♦ International * Balance Category during the billing periodInquiry N/C N/A N/C $3.00 $5.00 $1.00 Additional fees may be imposed by other parties if a transaction is made at an ATM not operated by us. The Annual Percentage Rate will not exceed the maximum rate permitted • Copy of Sales Draft • Research Fee • Copy of Billing Statement $ 5.00 $ 17.50/half-hour $ 5.00 • Replacement Card issued by law. The effect of any increase in the Annual Percentage Rate and the Daily Periodic Rate would be to increase the amount of INTEREST CHARGE or interest you must pay and thus increase your monthly payments.First Hawaiian Bank • Rush Card Delivery Fee $ 20.00 $ 35.00

Variable Rate. The current Annual Percentage Rate ANNUAL PERCENTAGE RATE for all variable rates is shown on the Account Opening Disclosure which has been provided to you with this Agreement. The Daily Periodic Rate and the corresponding Annual Percentage Rate ANNUAL PERCENTAGE RATE may change each month on the first day of each of your billing cycles. Each date on which the rate of interest could change is called a “Change Date.” Changes will be based on changes in the “Index.” The Index is the highest Prime Rate published in the “Money Rates” table of The Wall Street JournalJournal on the business day immediately preceding the day your billing cycle ends. If the Index is no longer available, we will choose a new index which is based upon comparable information and will give you notice of our choice. The Index figure published on the second Tuesday (ANNUAL PERCENTAGE RATE may increase or on the next business day decrease each month if the second Tuesday is Index changes. Any new rate will be applied as of the first day of your billing cycle during which the Index has changed. If the ANNUAL PERCENTAGE RATE increases, you will pay a holiday) each month is called the “Current Index.” higher INTEREST CHARGE, which may result in a higher minimum payment. Your interest rate for Purchases (after the Introductory Period) and Balance Transfers on your Wealth Management World MasterCard account Elite Mastercard Account is based on a variable rate equal to the sum of the Current Index plus a “Rate Spread” of 11.74 3.90 percentage points. The interest rate for Cash Advances on your Account is based on a variable rate equal to the sum of the Current Index plus a “Rate Spread” of 21.74 percentage points. Immediately before each Change Date we will determine the new interest rate by adding the Rate Spread to the Current Index. The new interest rate will become effective at the start of your first billing cycle after the Change Date. Only one Annual Percentage Rate ANNUAL PERCENTAGE RATE and Daily Periodic Rate will be in effect for each Balance Category during the billing period. The Annual Percentage Rate ANNUAL PERCENTAGE RATE will not exceed the maximum rate permitted by law. The effect of any increase in the Annual Percentage Rate ANNUAL PERCENTAGE RATE and the Daily Periodic Rate would be to increase the amount of INTEREST CHARGE or interest you must pay and thus increase your monthly payments.

Variable Rate. The current Annual Percentage Rate ANNUAL PERCENTAGE RATE for all variable rates is shown on the Account Opening Disclosure which has been provided to you with this Agreement. The Daily Periodic Rate and the corresponding Annual Percentage Rate ANNUAL PERCENTAGE RATE may change each month on the first day of each of your billing cycles. Each date on which the rate of interest could change is called a “Change Date.” Changes will be based on changes in the “Index.” The Index is the highest Prime Rate published in the “Money Rates” table of The Wall Street JournalJournal on the business day immediately preceding the day your billing cycle ends. If the Index is no longer available, we will choose a new index which is based upon comparable information and will give you notice of our choice. The Index figure published on the second Tuesday (ANNUAL PERCENTAGE RATE may increase or on the next business day decrease each month if the second Tuesday is Index changes. Any new rate will be applied as of the first day of your billing cycle during which the Index has changed. If the ANNUAL PERCENTAGE RATE increases, you will pay a holiday) each month is called the “Current Index.” Your higher INTEREST CHARGE, which may result in a higher minimum payment. The interest rate for Purchases (after the Introductory Period) and Balance Transfers on your World MasterCard Platinum Credit Card account is based on a variable rate equal to the sum of the Current Index plus a “Rate Spread” of 11.74 to 19.74 percentage points, based on your creditworthiness. The interest rate for Purchases (after the Introductory Period) and Balance Transfers on your Cash Back World Credit Card account is based on a variable rate equal to the sum of the Index plus a “Rate Spread” of 12.74 to 19.74 percentage points, based on your creditworthiness. The interest rate for Cash Advances on your Account is based on a variable rate equal to the sum of the Current Index plus a “Rate Spread” of 21.74 percentage points. Immediately before each Change Date we will determine the new interest rate by adding the Rate Spread to the Current Index. The new interest rate will become effective at the start of your first billing cycle after the Change Date. Only one Annual Percentage Rate ANNUAL PERCENTAGE RATE and Daily Periodic Rate will be in effect for each Balance Category during the billing period. The Annual Percentage Rate ANNUAL PERCENTAGE RATE will not exceed the maximum rate permitted by law. The effect of any increase in the Annual Percentage Rate ANNUAL PERCENTAGE RATE and the Daily Periodic Rate would be to increase the amount of INTEREST CHARGE or interest you must pay and thus increase your monthly payments.

Variable Rate. The current Annual Percentage Rate for all variable rates is shown on the Account Opening Disclosure which has been provided to you with this Agreement. The Daily Periodic Rate and the corresponding Annual Percentage Rate may change each month on the first day of each of your billing cycles. Each date on which the rate of interest could change is called a “Change Date.” Changes will be based on changes in the “Index.” The Index is the highest Prime Rate published in the “Money Rates” table of The Wall Street Journal. If the Index is no longer available, we will choose a new index which is based upon comparable information and will give you notice of our choice. The Index figure published on the second Tuesday (or on the next business day if the second Tuesday is a holiday) each month is called the “Current Index.” Your interest rate for Purchases (after the Introductory Period) and Balance Transfers on your Wealth Management World Elite MasterCard account Account is based on a variable rate equal to the sum of the Current Index plus a “Rate Spread” of 11.74 3.90 percentage points. The interest rate for Cash Advances on your Account is based on a variable rate equal to the sum of the Current Index plus a “Rate Spread” of 21.74 percentage points. Immediately before each Change Date we will determine the new interest rate by adding the Rate Spread to the Current Index. The new interest rate will become effective at the start of your first billing cycle after the Change Date. Only one Annual Percentage Rate and Daily Periodic Rate will be in effect for each Balance Category during the billing period. The Annual Percentage Rate will not exceed the maximum rate permitted by law. The effect of any increase in the Annual Percentage Rate and the Daily Periodic Rate would be to increase the amount of INTEREST CHARGE or interest you must pay and thus increase your monthly payments.

Variable Rate. The current Annual Percentage Rate for all variable rates is shown on the Account Opening Disclosure which has been provided to you with this Agreement. The Daily Periodic Rate and the corresponding Annual Percentage Rate may change each month on the first day of each of your billing cycles. Each date on which the rate of interest could change is called a “Change Date.” Changes will be based on changes in the “Index.” The Index is the highest Prime Rate published in the “Money Rates” table of The Wall Street Journal. If the Index is no longer available, we will choose a new index which is based upon comparable information and will give you notice of our choice. The Index figure published on the second Tuesday (or on the next business day if the second Tuesday is a holiday) each month is called the “Current Index.” Your interest rate for Purchases (after the Introductory Period) and Balance Transfers on your World MasterCard Standard Credit Card account is based on a variable rate equal to the sum of the Current Index plus a “Rate Spread” of 11.74 17.74 percentage points. The interest rate for Purchases (after the Introductory Period) and Balance Transfers on your Platinum Rewards Credit Card account is based on a variable rate equal to the sum of the Current Index plus a “Rate Spread” of 15.74 percentage points. The interest rate for Purchases (after the Introductory Period) and Balance Transfers on your Platinum Credit Card account is based on a variable rate equal to the sum of the Current Index plus a “Rate Spread” of 13.74 percentage points. The interest rate for Cash Advances on your Account is based on a variable rate equal to the sum of the Current Index plus a “Rate Spread” of 21.74 percentage points. Immediately before each Change Date we will determine the new interest rate by adding the Rate Spread to the Current Index. The new interest rate will become effective at the start of your first billing cycle after the Change Date. Only one Annual Percentage Rate and Daily Periodic Rate will be in effect for each Balance Category during the billing period. The Annual Percentage Rate will not exceed the maximum rate permitted by law. The effect of any increase in the Annual Percentage Rate and the Daily Periodic Rate would be to increase the amount of INTEREST CHARGE or interest you must pay and thus increase your monthly payments.

Variable Rate. The current Annual Percentage Rate ANNUAL PERCENTAGE RATE for all variable rates is shown on the Account Opening Disclosure which has been provided to you with this Agreement. The Daily Periodic Rate and the corresponding Annual Percentage Rate ANNUAL PERCENTAGE RATE may change each month on the first day of each of your billing cycles. Each date on which the rate of interest could change is called a “Change Date.” Changes will be based on changes in the “Index.” The Index is the highest Prime Rate published in the “Money Rates” table of The Wall Street JournalJournal on the business day immediately preceding the day your billing cycle ends. If the Index is no longer available, we will choose a new index which is based upon comparable information and will give you notice of our choice. The Index figure published on the second Tuesday (ANNUAL PERCENTAGE RATE may increase or on the next business day decrease each month if the second Tuesday is Index changes. Any new rate will be applied as of the first day of your billing cycle during which the Index has changed. If the ANNUAL PERCENTAGE RATE increases, you will pay a holiday) each month is called the “Current Index.” higher INTEREST CHARGE, which may result in a higher minimum payment. Your interest rate for Purchases (after the Introductory Period) and Balance Transfers on your World MasterCard Credit Card account is based on a variable rate equal to the sum of the Current Index plus a “Rate Spread” of 11.74 18.74 percentage points. The interest rate for Cash Advances on your Account is based on a variable rate equal to the sum of the Current Index plus a “Rate Spread” of 21.74 percentage points. Immediately before each Change Date we will determine the new interest rate by adding the Rate Spread to the Current Index. The new interest rate will become effective at the start of your first billing cycle after the Change Date. Only one Annual Percentage Rate ANNUAL PERCENTAGE RATE and Daily Periodic Rate will be in effect for each Balance Category during the billing period. The Annual Percentage Rate ANNUAL PERCENTAGE RATE will not exceed the maximum rate permitted by law. The effect of any increase in the Annual Percentage Rate ANNUAL PERCENTAGE RATE and the Daily Periodic Rate would be to increase the amount of INTEREST CHARGE or interest you must pay and thus increase your monthly payments.

Variable Rate. The current Annual Percentage Rate for all variable rates is shown on the Account Opening Disclosure which has been provided to you with this Agreement. The Daily Periodic Rate and the corresponding Annual Percentage Rate may change each month on the first day of each of your billing cycles. Each date on which the rate of interest could change is called a “Change Date.” Changes will be based on changes in the “Index.” The Index is the highest Prime Rate published in the “Money Rates” table of The Wall Street Journal. If the Index is no longer available, we will choose a new index which is based upon comparable information and will give you notice of our choice. The Index figure published on the second Tuesday M-114758 BW-CCAG (REV. 10/14) (or on the next business day if the second Tuesday is a holiday) each month is called the “Current Index.” Your interest rate for Purchases (after the Introductory Period) and Balance Transfers on your World MasterCard Standard Credit Card account is based on a variable rate equal to the sum of the Current Index plus a “Rate Spread” of 11.74 17.74 percentage points. The interest rate for Purchases (after the Introductory Period) and Balance Transfers on your Platinum Rewards Credit Card account is based on a variable rate equal to the sum of the Current Index plus a “Rate Spread” of 15.74 percentage points. The interest rate for Purchases (after the Introductory Period) and Balance Transfers on your Platinum Credit Card account is based on a variable rate equal to the sum of the Current Index plus a “Rate Spread” of 13.74 percentage points. The interest rate for Cash Advances on your Account is based on a variable rate equal to the sum of the Current Index plus a “Rate Spread” of 21.74 percentage points. Immediately before each Change Date we will determine the new interest rate by adding the Rate Spread to the Current Index. The new interest rate will become effective at the start of your first billing cycle after the Change Date. Only one Annual Percentage Rate and Daily Periodic Rate will be in effect for each Balance Category during the billing period. The Annual Percentage Rate will not exceed the maximum rate permitted by law. The effect of any increase in the Annual Percentage Rate and the Daily Periodic Rate would be to increase the amount of INTEREST CHARGE or interest you must pay and thus increase your monthly payments.