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Nationwide Retirement Solutions Governmental 457(b) Plan Loan Procedures Page 6 of 6 Addendum A - Plan Election Worksheet 5. Cure Period: If a Participant misses a scheduled loan repayment, the missed repayment must be received by the end of the specified cure period. Plan elects to apply a cure period with the following length: Z31 Days ❑60 Days ❑90 Days ❑The quarter following the quarter in which the scheduled repayment was missed Current NRS Policy: The cure period is 31 days when ACH is the elected repayment method (See Provision 4). The cure period is 60 days when the repayment method elected is Payroll Deduction (See Provision 4). 6. Loan Interest Rate: Plan elects the following interest rate for Participant loans: ❑✓ Prime Rate plus 1% plus applicable fees ❑Prime Rate plus 2% plus applicable fees ❑ Prime Rate plus % (not to be lower than 0%) plus applicable fees Current NRS Policy: Prime Rate plus 2% plus applicable fees. 7. Loans for the Purchase of a Principal Residence: 7(a). Plan elects to permit loans for the purchase of the Participant's principal residence: ❑ Yes ❑✓ No In the event Plan elects to allow Principal Residence loans, only one Principal Residence loan outstanding at a time is permitted. The Principal Residence loan is included in the maximum number of outstanding loans (See Provision 2 of the Plan Loan Procedures). Additionally, the Participant will be required to sign a Principal Residence Certificate and provide NRS with sufficient additional documents to support the purchase of a principal residence. Internet initiation is not available for Principal Residence loans. Current NRS Policy: Principal Residence loans are not allowed. 7(b). Minimum Loan Term: Plan elects to have a minimum loan term for Principal Residence loans of: ❑Five years ❑Other - Specify minimum loan term: (not to be less than one year) Current NRS Policy: Principal Residence loans have a minimum term of five years. 7(c). Maximum Loan Term: Plan elects to have a maximum loan term for Principal Residence loans of: ❑ 15 Years ❑Other - Specify maximum loan term: (not to exceed a term of 30 years) Current NRS Policy: Principal Residence loans have a maximum term of 15 years. 8. Internet utilization: Plan elects to allow Participants to use the internet for: ❑Only the modeling of loans ❑✓ Both modeling and initiation of loans El Plan declines the use of the internet for either the modeling or initiation of loans Current NRS Policy: Participants can use the internet for modeling and initiation of loans. Loan initiation on the internet is limited to General Purpose loans. Principal Residence loans will not be initiated electronically. Additional limitations exist for particular repayment methods and employment statuses. P5 5 NRN-0854AO.3 (07/20155)