University Bank — Visa Card Agreement 1. Agreement. This University Bank-Visa Card Agreement 6. Interest Charges. Holder shall pay Interest Charges as (the “Agreement”), and any future changes we may make, is your shown on Holder's monthly statements, for each billing period in contract with us. The Agreement governs the possession and use which there is a cash advance or the Previous Balance is not paid of your University Bank Visa Credit Card (UB Visa Card”) issued by in full prior to the Closing Date of the billing statement, For cash University Bank (Issuer"}, Each person who applies for a UB Visa advance fees, please see the Rates and Fees Disclosure Table. We Card, and in whose name the card is issued, is referred to in this figure the Interest Charges on your account by applying the Agreement as the “Holder”. As the Holder, you consent and agree monthly Periodic Rate to the entire “Balance Subject to Interest to the terms and conditions set forth in this Agreement and to the Rate,” The additional charge for cash advances shall not apply to terms contained on the UB Visa Card, sales drafts, credit any cash advance obtained under a separate credit agreernent with adjustment memos and cash advance drafts, signed by or giveri to Holder and written in connection with these reguiations. The you, the Holder, or any authorized user of Holder’s UB Visa Card. “Balance Subject to Interest Rate” Is the “average daily balance,” When a UB Visa Card is Issued to two or more persons, all shall be of the account (including current transaction}. To get the “average jointly and severally liable as Holders. The provisions of this daily balance,” we take the beginning balance of the account each Agreement, as amended from time to time, govern Holder's day, add eny new cash advances, credit purchases and other obligations, notwithstanding any additional or different terms charges, and subtract any payments or credits, unpaid late contained in sales drafts, credit adjustment memos, cash advance charges, unpaid membership fees and unpaid Interest Charges. drafts or other forms signed by or given to Holder or any user of This gives us the daily balance. Then, we add up all of the datly Holder ‘s UB Visa Credit Card to evidence a credit card transaction. balances for the billing cycle 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 ta the Closing Date of the statement. Credit purchases made during the statement period and the Previous Balance will be excluded from the calculation of the “average daily balance” If the Previous Balance shown on the 3. Use of Card. Credit for purchases from a merchant or a front of the statement was paid in full prior to the Closing Date of cash advance from a participating financial institution may be the statement, The Interest Charges for cash advances begin on obtained by Holder or an authorized user of Holder’s card the date the advance Is posted to the account. Holder may avoid presenting one of Holder’s cards to the merchant or participating additional Interest Charges on an account by paying in full the New financial institution and, if requested, by providing the proper Balance shown on the account's monthly statement within 25 days identifying information and signing the appropriate drafts. Failure after the Closing Date for that statement. to sign a draft does not relieve the Holder of liability for purchases made or cash received. The use of this card for illegal transactions 7, Variable Annual Percentage Rate. The current monthly is prohibited. The card may also be used to obtain cash advances on . ° . a ‘ +. Periodic Rate and corresponding ANNUAL PERCENTAGE RATE for from certain automated equipment provided it is used with Holder's new accounts are disclosed on the accompanying card mailer. correct Personal Identification Number CPIN”) issued to Holder. ; . : These rates may vary monthly and shall be adjusted on the first Holder may make only two cash advance withdrawals totaling not ay of each billing period (Change Date”). The ANNUAL more than $200 each day from compatible ATM terminals. peaceNTAGE RATE on each Change Date shall equal the highest Terminals or terminal operators may have other limits on the rime rate published in The Wall Street Journal “Money Rates” amounts or frequency of cash withdrawals. Holder will not be liable tab Ss on the last date of publication in the calendae month for the unauthorized use of the card or PIN issued to Holder which recedin each Change Date index Rate"), PLUS a Margin. For occurs before Issuer recelves notification orally or in writing of loss, p . ‘a . g t ; ; ' fer t he R, t theft or possible unauthorized use of a card or PIN. Lost or stolen TO" information on curren margin(s), please refer to the Rates and Fees Disclosure Table. The monthly Perlodic Rate is 1/12th of cards or PINS should be reported immediately to Issuer by notifying : the ANNUAL PERCENTAGE RATE. Beginning on the date an CUSTOMER SERVICE, P.O. Box 31535, Tampa, FL 33631-3535, and adjustment in the rate fs effective and until the next Change Date, Telephone (866) 839-3485. the monthly Periodic Rate then in effect will be applied to the balance in the account to determine the Interest Charges. An 4, Credit Line. Holder will from time to time he informed of adjustment in the monthly Periodic Rate and corresponding the amount of the approved credit line established for Holder, and ANNUAL PERCENTAGE RATE will apply both to the outstanding Holder covenants not to make credit purchases or borrowings in balances in the account and to new cash advances, (including any excess of that arnount. balance transfers from other credit card accounts), 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 or credit balance of $1.00 or more. Holder shali pay within 25 days increase the amount and number of minimum payments. If the after each statement Closing Date either (a) the full amount billed Index Rate ceases to be made available, Issuer may substitute a {“New Balance”) or, at Holder's option, (b} a minimum Payment of substantially similar index and margin. 25.00 of the New Belance, whichever is greater. Payments may be mailed to University Bank, P.O, Box 31021, Tampa, FL, 33631- 8, How We Will Calculate Your Variable APRs: We 3021. Payments may be made, in person, at a University Bank calculate variable APRs by adding a margin to the highest U.S, office. Payments received after 5:00 p.m. on any processing day or Prime Rate published in the Money Rates section of The Wall Street at any time on any non-processing day will be considered as Journal two business days (not weekends or faderal holidays) payments made on the following processing day. All payments by before the closing date shown on your billing statement, The APR Holder will be applied first to payment of Interest Charges in the may increase or decrease each month if the Prime Rate changes. order of their entry to the account, second to additional fees and Any new rate will be applied as of the first day of your billing cycle credit insurance charges, if any, in the order of their entry to the during which the Prime Rate has changed. If the APR increases, you account, third to previously billed cash advances, purchases and will pay a higher interest charge and may pay a higher minimum University Bank — Visa Card Agreement other similar charges In the order of their entry to the account, and payment. The Prime Rate is simply a reference index and is not the then to current cash advances, purchases and cther similar charges lowest interest rate avallable. If The Wall Street Journal stops. in the order of their entry to the account. publishing the Prime Rate, we will sefect a similar reference rate. 2. Membership Fees, You, the Holder, are entitled to two VISA cards. Holder agrees to pay a fee for each additional card requested, Please see Rates and Fees Disclosure Table for fees charged. 5. Payment, Holder will receive a monthly statement for each billing period at the end of which there is an undisputed debit9. Additional Fees. For a listing of fees charged in 15. Termination. Holder’s consent to this Agreement may be association with this card, please see the Disclosure accompanying terminated at any time by surrendering the cards issued to Holder this Agreement. These charges will not be imposed if Holder's or at Holder's written request, but such termination shall not affect request is in connection with or delivery of the documents In Holder's obligations as to any balances or charges outstanding at response to an alleged billing error under Regulations E or Z issued the time of termination. Termination by any Holder shall be binding by the Board of Governors of the Federal Reserve System. Fees on each person in whose name the card ts issued. If Holder’s spouse imposed will be posted to Holder's account. io. Security Interest. All credit advanced to Holder for credit purchases or cash advances constitutes loans made by Issuer to Holder in the state of Michigan. Issuer disclaims as security for loans made to Holder under these regutations any security Interest It may at any time have in household goods or real property. Except as discialmed above, loans made to Holder after the effective date of these regulations may be secured by collateral given by any Holder to secure other foans from Issuer. 11. Insurance. If the Holder is eligible and elects to participate in the group credit life, disability and loss of income insurance program by signing the appropriate enrollment 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 HOLDER'S PARTICIPATION IN THIS CREDIT PLAN. 12. 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. dollars by VISA International, VISA converts currency to U.S. dollars using either the government mandated exchange rate or the wholesale exchange rate, in effect one day before the date of the conversion, as applicable. The exchange rate is increased by 1% if the conversion is made in connection with a charge to an account and decreased by 1% if the conversion is made in connection with a credit to an account. The date of conversion by VISA may differ from the purchase date 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 accordance with the terms of this paragraph. i3. Disputes, Issuer is not responsible for refusal by any merchant, financtal institution or automated equipment to honor or accept a card. Except as provided ih the Federal Truth-in Lending laws(as indicated in the Summary of Billing Rights below), Issuer has no responsibility for merchandise or services obtained by Holder with a card and any dispute concerning merchandise or services will be settled between Holder and the merchant concerned. 14. Default. Holder covenants to observe and comply with these regulations and covenants not to permit an event 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 Minimum Payment when due on two occasions within any 12-month period; or (b) Holder dies, ceases to exist, changes residency to another state, becomes insolvent or the subject of bankruptcy or insolvency proceedings or fails to observe any covenant or duty contained in these regulations, if such event or breach materially impairs Holder's ability to pay amounts due; the full amount of Holder’s account for which the default occurred (including unpaid Interest Charges} shall, at Issuer’s option become immediately due and payable if Holder does not cure the default within 15 calendar days after notice is matled to the address of Holder, or given as otherwise provided by law. Issuer has this right, without notice and opportunity te cure; if the default is the Holder's third default within 12 months and the Holder is notified of the prior two defaults and the Holder cured those defaults. terminates this credit plan, the full amount of Holder’s account (including unpaid Interest Charges) may be declared immediately 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 from time to time. Unless sooner terminated, the privilege to use the cards shall expire on the date shown on the cards. At any time, without liability to Holder and without affecting Holder's liability for credit previously extended, Holder's privilege to use the cards may be revoked or limited to the extent not prohibited by law. The cards are and shell rernain the property of Issuer and Holder agrees to surrender them to Issuer upon demand. 16. Amendments, Issuer may amend the tarms and conditions of this agreement and any attached Disclosure from time to time. Notice of any change will be given in accordance with applicable state and federal law. If permitted by applicable state and federal law, and specified in the notice to you, the change will apply to your existing account balance as well as to future transactions. Notices are deemed given when mailed by Issuer to any Holder to the current address for mailing monthly statements. 17, Governing Law. Holder agrees to be governed by applicable Michigan and federal law with respect to all aspects of the transactions arising under this Agreement.  INTEREST RATE AND INTEREST CHARGES Annual Percentage Rate(APR) fer 6.50% . 4 1.50% Purchases ; The APR will vary befween 6.50% - 11.50% based cn your creditworthiness, This APR will vary with the market based on the Prime Rate. APR for Balance Transfers 6.50% = 11.50% The APR will vary between 6.50% - 11.50% based on your creditworthiness. This APR will vary with the market based on the Prime Rate. APR for Cash Advances 6. 50% - 11. 50% The APR will vary between 6.50% - 11.50% based on your creditworthiness. This APR will vary with the market based on the Prime Rate.         Penalty APR and When It Applies 25 00% This APR may be applied to your account if you: 1) Make a late payment; 2) Go over your credit limit; ar 3) Make a payment that is returned. How Long Will the Penalty APR Apply? If your APRs are increased for any of these reasons, the Penalty APR will apply until you make six consecutive minimum payments when due.     How to avoid paying interest on Your due date is at least 25 days after close of each billing cycle. We will nat charge you interest on purchases if you purchases pay entire balance by the due date each month. Minimum Interest Charge If you are charged periodic interest, the charge will be ne less than $1.00.   For Credit Card Tips from the Consumer '[To leam more about factors to consider when applying for or using a credit card, visit tha website of the Consumer Financial Protection Bureau Financial Protection Bureau at http: /fwww.consumerfinance.govilearnmore     Terms and Conditions * You must be atleast 18 years of age; e After credit approval, each apolicant shail have the right to use this account {o the extent of any credit limit sat by the creditor and each applicant may be liable for all amounis of credit extended under this account {o any joint applicant; » We may gather information about you, including from your employer, your bank, credit bureaus an others, to verify your identity and determine your eligibility for credit, renewal of credit and future extensions of credit. If you ask us, we will tell you whether or not we requested a credit bureau report, and the names and addresses of any credit bureaus that provided us with such reports; To receive a University Bank credit card, you must meet our credit qualification criteria. Your credit limit will be determined by the income you provided and a review of your debt, including debt listed on your credit report. You will informed of the amount of your credit limit when you receive your card.         FEES Annual Fees $0.00 Transaction Fees $0.00 Penalty Fees » Late Payment Up to $25.00 « — Over-the-Credit Limit Up to $25.00 e Returned Payment Up to $25.00 Other Fees $0.00   How We Will Calculate Your Balance: We use a method called “Average daily balance (including new purchases)". Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your account agreement. How We Will Calculate 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 Wail Street Journal two business days (not weekends or federal holidays) before the closing date shown on your billing statement. The AFR may increase or decrease each month if the Prime Rate changes. Any new rate will be applied as of the first day of your billing cycle during which the Prime Rate has changed. [f the APR increases, you will pay a higher interest charge and may pay a higher minimum payment. The Prime Rate is simply a reference index and is not the lowest interest rate available. If The Wall Street Journal stops publishing the Prime Rate, we will select a similar reference rate. Prime Rate: Variable APRs are based on the 3.50% Prime Rate as of April, 2016. Contact for Updates: fhe information about the costs of the card described in this application is current as of April, 2016. This information may have changed after that date, To find out what may have changéd, call us at 1-800-388-7987 or email us at branch@university-bank.com.