Monitor Bank - Card Regulations 1. Agreement These regulations govern the possession and use of credit cards (‘card’) issued by Monitor Bank (‘Issuer’), Each person who applies for a creditcard and in whose name the card is issued (‘Holder’) consents and agrees to these regulations and to the terms contained on the credit cards, sales drafts, credit adjustment memos and cash advance drafts, signed by or given to Holder or any authorized user of Holder's cards. When credit cards are issued upon the application of wo or more persons, dl such persons shall be jointy and severaly liable as Holders. The provisions of these regulations, as anended from time to tme govern Holder's obligations, nowithstanding any additional or different terms contained in sales drafts, credit adjustment memos, cash advance drafts or other forms signed by or given to Holder or any user of Holder ‘s cards to evidence a credit card transaction. Holder authorizes an investigation of Holder's credit standing prior to the issuance of a credit card to Holder and at any time thereafter and authorizes disclosure of information to third parties relating to Holder's creditstanding. These regulations apply to all credit cards issued to Holder or to others on Holder's authorization and to any user of Holder's cards. 2. Membership Fees. As a condition of participation in the issuer's credit plan and the issuance of a card, Holder agrees that there is no annual membership fee for VISA consumer and business accouns. Please see Rates and Fees Disclosure Table for fees charged 3. Use of Card. Credit for purchases from a merchant or a cash advance from a participating financial institution may be obtained by Holder or an authorized user of Holder's card presenting one of Holder's cards to the merchant or participating financial institution and, if requested, by providing the proper identifying information and signing the appropriate drafts. Failure to sign a draft does not relieve the Holder of liability for purchases made or cash receved The use of this card for illegal transactions is prohibited The card may also be used to obtain cash advances from certain automated equipment provided it is used with Holder's correct Personal Identification Number (“PIN”) issued to Holder. Holder may make only Wo cash advance withdrawak totaling not more than $200 each day from compatible ATM terminds. Terminals or terminal operators may have other limits on the anounts or frequency of cash withdrawals. Holder will not be liable for the unauthorized use of the card or PIN issued to Holder which occurs before issuer receives notification orally or n writing of loss, theft or possible unauthorized use of a card or PN. Lost or stolen cards or PINS should be reported immediately to Issuer by notifying CUSTOMER SERVICE, P.O, Bax 31535, Tampa, FL 33631-3535, and Telephone (866) 839-3485, 4, Use of Monitor Bank card Checks. Credit obtained by use of a Balance Transfer Check shall be teated as a credit purchase Credit obtained by use of Credit Card Checks shall be treated as a cash advance and as such ae limited to your available cash limit A finance charge (based on the accounts annual percentage rate) will be imposed from the date these checks post toy our credit card account 5. Credit Line. Holder will from time to tme be informed of the anount of the approv ed credit line established for Holder, and Holder covenans not to ma&e credit purchases or borra ings in excess of that anount Holder is liable for all purchases and borrowings made with Holder's cards by Holder or by anyone authorized to use Holder's canis. 6, Payment. Holder will be furnished a monthly statement for each billing period at the end of which there is an undisputed debit or credit balance of $1.00 or more Holder shall pay within 25 days after each statement Closing Date either (a) the full amount billed (‘New Balance’) or, at Holder's option, (b) a minmum Payment of 10.00 of the New Balance, whichever is greater. Payment’ may be mailed to Monitor Bank, P.O. Bax 31021, Tanpa FL, 33631-3021. Payments may be made, in person, at a Monitor Bank office. Payments received after 5:00 p.m. on any processing day or at any time on any non processing day will be considered as payments made on the following processing day. All payments by Holder will be applied first to payment of Interest Charges in the order of their enty to the account, second to additional fees and credit insurance charges, if any, in the order of their entry to the account, third to previously biled cash advances, purchases and other similar charges in the order of their enty to the account, and then to current cash advances, purchases and other similar charges in the arder of their enty to the account 7. Interest Charges. Holder shall pay Interest Charges as shown on Holder's monthly statements, for each billing period inwhich there is acash advance or the Previous Balance is not paid in full prior to the Closing Date of the billing statement For cash advance fees, please see the Rates and Fees Disclosure Table. We figure the Interest Charges on y our account by applying the monthly Periodic Rate to the entire “Balance Subject to Interest Rate.” The additonal charge for cash advances shall not apply to any cash advance obtained under a separate credit agreementwith Holder andwritten in connection with these regulations. The “Balance Subject to Interest Rate’ is the “average daily balance” of the account (including current transaction). To get the “average daily balance" we take the beginning balance of the account each day, add any new cash advances, credt purchases and other charges, and subtract any payments or credits, unpaid late charges, unpaid membership fees and unpaid Interest Charges. This gives us the daily balance. Then, we add up all of the daily balances for the billing cyde and divide the total by the number of days in the billing cycle This gives us the “AVERAGE DAILY BALANCE” Interest Charges for credit purchases begin on the date the purchase is posted to the account unless the Previous Balance shown on the statement is paid in full prior to the Closing Date of the statement Credit purchases made during the statement period and the Previous Balance will be excluded fram the calculation of the “average daily balance’ if the Previous Balance shown on the front of the statement was paid in full prior to the Closing Date of the statement The Interest Charges for cash advances begin on the date the advance is posted to the account Holder may avod additional Interest Charges on an account by paying in full the New Balance shown on the account's monthly statementw ithin 25 days after the Closing Date for thatstatement 8. Variable Annud Percentage Rate The current monthly Periodic Rate and corresponding ANNUAL PERCENTAGE RATE for new account are disclosed on the accompanying cad mailer. These rates may vay quarterly and shal be adjusted on the first day of the billng period . The ANNUAL PERCENTAGE RATE on each Change Date shell equal the highest prime rate published in The Wall Street Joumal “Money Rates” tables on the 1st of March, June, September, and December (or if the 1st's a Saturday, Sunday or holiday, the nextbusiness day) and adding 6.75% for VISA Classic and 4.00% for VISA Gold to tat rate. The monthly Periodic Rate & 1/12th of the ANNUAL PERCENTAGE RATE. Beginning on the date an adjustment in the rate s effective and until the next Change Date, the monthly Periodic Rate then in effectwil be applied to the balance in the account to detemine the Interest Charges. An adjustment in the monthy Periodic Rate and caresponding ANNUAL PERCENTAGE RATE will apply both to the outstanding balances in the account and to naw cash advances, (including any balance tansfes from other credit card account), credit purchases, and other charges. An increase or decrease in the Index Rate will cause and increase or decrease in the monthly Periodic Rate and corresponding ANNUAL PERCENTAGE RATE and may increase the anount and number of minimum payments. If the Index Rate ceases to be made avalable Issuer may substitute a substantially similar index and margn. 9. How We Will Cdculate Your Variable APRs: We calculate variable APRs by adding a margin to the highest U.S Prime Rate published in the Money Rates section of The Wall Street Journal wo business days (not weekends or federal holidays) before the closing date shown on your billing statement The APR may increase a decrease each month if the Prime Rate changes. Any new rate will be applied as of the first day of your biling cycle during which the Prime Rate has changed If the APR increases, y ouwill pay a higher interest charge and may pay a higher minmum payment The Prime Rate is smply a reference index and & not the west interest rate available. lf The Wall Street Joumal stops publishing the Prme Rate, w ewill select a simiar reference rate. 10. Additional Fees. For a listing of fees charged in association with this card, please see the Rates and Fees Disclosure Table accompanying this Agreement These chages will not be imposed if Holder's request is in connection with or delivery of the documents in resporse to an alleged billing error under Regulations E or Z issued by the Board of Governars of the Federal Reser e Systan. Fees mposedwill be posted to Holda’s account 11. Security Interest All credit advanced to Holder for credit purchases or cash advances constitutes loans made by Issuer to Holder in the state of Ohio . Issuer disclaims 4s security for loans made to Holder under these regulations any security interest it may at any tme have n household goods or real properly. Except as dsclamed above, loans made to Holder after the effective date of these regulations may be secured by collateral given by any Holder to secure other loans from Bsuer. 12. Insurance. If the Holder is eligible and elects to participate in the group credit life, disabiliy and loss of income insurance progam by signing the appropriate enrolment forms, insurance charges will be posted to Holder's account each statement period at the rate disclosed in the enrollment form based upon the New Balance on the account (including accrued Interest Charges) for each statement period. CREDIT LIFE, DISABILITY AND LOSS OF INCOME INSURANCE IS VOLUNTARY AND IS NOT REQUIRED AS A CONDITION TO HOLDERS PARTICIPATION N THIS CREDIT PLAN. 43. Foreign Transactions. If a Holder's card is used to effect a transaction in a foreign currency, the transaction amount will be converted to U.S. ddlars by VISA International, VISA convers currency to U.S. dollars using either the government mandated exchange rate or the whdesake ex change rate, in effect one day before the date of the conversion, as applicable. The exchange rate is increased by 1% if the conversion is madein connection with a charge to an account and decreased by 1% if the conversion & made in connection with a credit to an account The date of conversion by VISA may differ from the purchase dale and the posting date identified in the monthly statement for the account Holder agrees to pay charges and accept credits for the converted transaction amounts in accordancewith the tems of this paragraph. 14. Disputes. Esuer is not responsble for refusal by any merchant, financial instituton or automated equipment to honor or accept a card Except as provided in the Federal Truth-in- Lending laws(as indicated in the Summary of Billing Rights below), Issuer has no responsibility for merchandse or services cbtained by Holder with a card and any dispute conceming merchandise or serv ices will be settled bew een Holder and the merchant concerned 15. Default. Holder covenants to observe and comply with these regulations and covenants not to permit an ev ent of default to occur. Upon the occurrence of any one or more of the followingevents of default (a) Holder fails to pay at least the Minmum Payment when due on wo occasions within any 12-month period or (6) Holder dies, ceases to exist, changes residency to another state, becames insoWent or the subject of bankruptcy or insoWency proceedings cr fails to observe any covenant or duly contained in these regulations, if such event or breach materially impairs Holder's abiliy to pay amounts due; the full anount of Holder's account for which the default occurred (including unpaid Interest Charges) shall, at Issuer's option become mmediately due and payable if Holder does not cure the default within 15 calendar days after notice is mailed to the address of Holder, or gven as otherwise provided by law. Issuer has this right, without notice and opportunity to cure; if the default s the Holder's third defaultwithin 12 months and the Holder is notified of the prior wo defaults and the Holder cured those defaults. 16. Termination. Holder's consent to these regulations may be terminated at any ime by surrendering the cards issued to Holder or at Holder's written request, but such termination shall not affect Holder's obligations as to any balances or charges outstandng at the tme of termination. Termination by any Holder shall be binding on each person in whose name the card s issued If Holder's spouse terminates this credit plan, the full amount of Holder's account (including unpaid Interest Charges) may be declared mmediately due and payable Issuer may terminate Holder's privilege to use the cards if Holder moves out of the service area of Issuer, as defined by Issuer fram time to tme. Unless sooner teminated the privilege to use the cards shall ex pire on the date shown on the cards. At any tme, without liabiliy to Holder and without affecting Holder's liability for credit previously extended, Holder's privilege to use the cards may be revcked or limited to the extent not prohibited by law. The cards are and shall remain the propery of Issuer and Holder agrees to sumender them to Issuer upon demand 17. Amendments. Issuer may amend these regulations fran time to time by sending Holder advance written notice not less than 90 days prior to the effectve date for any change that s either adv erse to Holder's outstanding balance or increases certain fees, as required by the Ohio Consumer Act from time to tme, or not less than 15 days prior to the effectve date for other changes, or as may otherwise be required or permitted by law. To the ex tent that Issuer indcates in the notice and thatthe law permits, amendment will apply to Holder's existing account balance as well as to fulure transactions. Notices are deemed gienwhen mailed by Issuer to ary Holder to the current address for maling monthly statements. Invalidity of any provsion of these regulations shall not affect the validly of any other provisions unless othew Se provided by the Ohio Consumer Act 18. Governing Law. Holder agrees to be governed by the Ohio Consumer Act with respect to all aspects of the transactions arising under these regulations. All statutory references are to the Statutes as they may be renumbered or anended from time to time