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DEFERRED COMPENSATION PROGRAM �... PARTICIPANT LOAN ADMINISTRATIVE PROCEDURES Nationwide Retirement Solutions, Inc. ("NRS")agrees to administer to the term of the Participant Loan Administrative Procedures as approved by the Sponsor of the Plan. The Sponsor is encouraged to consult with its legal advisors in determining whether the procedures identified herein are appropriate for its Plan. The Sponsor acknowledges that NRS may need to make changes from time-to-time to the administrative procedures set forth herein and may request amendments to the Plan documents to maintain compliance of the loan program with Internal Revenue Service guidelines. In such a case, NRS will provide you with timely notice of such changes as they become necessary. The following administrative procedures shall govern the making of loans from the Plan: 1. Loan Administration. Sponsor delegates to NRS certain administrative duties regarding the administration of loans from the Plan,which are set forth herein and which may be modified by NRS upon timely notice to Sponsor. 2. Loan Eligibility.Any Plan participant is eligible for a loan from the Plan. Each participant is entitled to one(1)loan at any time. in addition, a participant who has defaulted on a previous loan shall not be eligible for another loan from the Plan until all defaulted loans are repaid in full, including accrued interest and fees. 3. Loan Application and Loan Agreement. In order to receive a loan from the Plan, an eligible participant must complete a loan application and return it to NRS. A loan application fee of$50.00"will be deducted from the participant's account(s). Before a loan is issued,the participant must enter into a legally enforceable loan agreement as provided by NRS on behalf of the Plan. If the Sponsor permits loans for the purchase of the participant's principal residence,the participant will be required to sign a primary residence certificate form and provide NRS with a copy of the contract or other documents relating to the acquisition of the dwelling unit. If the source for a single loan includes both the participant's deferred amounts and eligible rollover amounts,the participant will be required to complete a loan application and loan agreement for each account which will be treated as separate and distinct for all purposes herein except that they will be considered a single loan for purposes of Sections 2,6, and 10 herein. 4. Loan Repayment/Maximum Loan Term. Repayment of any loan made to a participant shall be made in a manner and pursuant to the terms set forth in loan agreement. The participant receiving a loan shall be required to furnish the information and authorization necessary to effectuate the foregoing payments prior to the commencement of a loan._ The maximum term over which a loan may be repaid is five(5) years(fifteen (15)years if the Sponsor permits loans for the purchase of the participant's principal residence). In the event that a participant elects to receive a distribution from the Plan(other than a distribution due to an unforeseeable emergency or other in-service withdrawal)at a time when such person has a Plan loan outstanding,the principal and any accrued interest with respect to such loan shall be taxable. 5. Loan Amortization. Each loan shall be amortized in substantially equal payments consisting of principal and interest during the term of the loan. Payments of principal and interest shall be made in a manner and pursuant to the terms set forth in the loan agreement on a monthly basis in equal amounts, except that the amount of the final payment may be higher or lower. Before the loan is made,the participant will be notified of the date on which the first payment will be deducted and the dates on which subsequent payments are due. `` *These fees, rates, and minimums are subject to change by NRS upon reasonable notice to the Plan Sponsor. Loan fees will appear as administrative charges on Participant Statements. NRN-0445AO-1011 28