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Nationwide Retirement Solutions Governmental 457(b) Plan Loan Procedures Page 4 of 6 Plan Name: INDIAN RIVER COUNTY BOCC DEFERRED COMPENSATION PLAN 18. Loans for the Purchase of a Principal Residence - All loans issued by the Plan will be general purpose loans to be repaid in no more than five years unless the Client elects to offer loans for the purchase of the Participant's principal residence. If the Client elects to allow loans for the purchase of a principal residence, all of the provisions of this document will apply unless otherwise specified. 19. Loan Correction - In the event a loan correction becomes necessary, at the Plan Sponsor's direction, NRS may undertake methods prescribed by the IRS or through any IRS correction program. 20. Adoption of Plan Loan Procedures - The undersigned Plan Sponsor or Plan Administrator, as applicable, hereby adopt these Plan Loan Procedures effective for loans issued on or after the Effective Date set forth below, and instructs NRS to administer loans made to Plan Participants in accordance with these terms and the Client elections made on the attached "Plan Election Worksheet" (See Addendum A). Prior to implementing a loan program, the Plan Sponsor acknowledges or acknowledged the following: (i) that the Plan Sponsor has decided to offer loans under the Plan and the Plan Administrator is instructing NRS to administer loans under the Plan; (ii) that the Plan Sponsor understands that, as a result of offering loans under the Plan, the Plan Participants could be subject to adverse tax consequences upon default of the loan; (iii) that the Plan Sponsor has independently weighed these risks, and despite the risks has determined that offering loans under the Plan is in the best interest of Plan Participants; (iv) that any previous loan procedures or loan reference documents other than the Plan Document itself, are hereby superseded by these Plan Loan Procedures; and (v) NRS shall not be liable for any adverse tax consequences described in (ii), except as specifically stated under paragraph 14 herein, resulting from the Plan Sponsor's decision to offer loans under the Plan. Plan Sponsor Name ("Sponsor"): INDIAN RIVER COUNTY Street Address: 1800 27TH STREET City, State, Zip Code: VERO BEACH FL 32960 Signer's Email Address: SBOYLL@IRCGOV.COM Plan Name ("Plan"): INDIAN RIVER COUNTY BOCC DEFERRED COMPENSATION PLAN Plan Number: 0036758001 Plan Sponsor or Plan Administrator Signature: Title: HUMAN RESOURCES DIRECTOR Date of Adoption*: 09/17/2017 * Unless otherwise indicated below, the Date of Adoption shall be the Effective Date. Effective Date: 09/17/2017 An executed copy of these Procedures (including the attached Addendum A - Plan Election Worksheet) should be returned to Nationwide Retirement Solutions. NRN-0854AO.3 (07/20155)