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PART IV: ADDITIONAL IMPORTANT INFORMATION FOR CARDS I A.I. Electronic Funding Authorization All payments to Client shall be through the Automated Clearing House ("ACH") and shall normally be electronically transmitted directly to the Settlement Account you have designated or any successor account designated to receive provisional funding of Client's Card sales pursuant to the Agreement Client agrees that any Settlement Account designated pursuant to the preceding sentence will be an account primarily used for business purposes Neither Wells Fargo Bank, N A , nor CardConnect LLC can guarantee the time frame in which payment may be credited by Client's financial institution where the Settlement Account is maintained Client hereby authorizes Wells Fargo Bank, N.A , and its authorized representative, including CardConnect LLC, to access information from the Settlement Account and to initiate credit and/or debit entries by bankwire or ACH transfer and to authorize your financial institution to block or to initiate, if necessary, reversing entries and adjustments for any original entries made to the Settlement Account and to authorize your financial institution to provide such access and to credit and /or debit or to block the same to such account This authorization is without respect to the source of any funds in the Settlement Account. is irrevocable and coupled with an interest This authority extends to any equipment rental or purchase agreements which may exist with Client as well as to any fees, fines and assessments and Chargeback amounts of whatever kind or nature due to CardConnect LLC or Wells Fargo Bank, N A under terms of this Agreement whether arising during or after termination of the Agreement This authority is to remain in full force and effect at all times unless and until CardConnect LLC and Wells Fargo Bank, NA have consented to its termination at such time and in such a manner as to afford them a reasonable opportunity to act on it In addition, Client shall be charged twenty-five dollars ($25.00) for each ACH which cannot be processed, and all subsequent funding may be suspended until Client either (i) notifies CardConnect LLC that ACH' s can be processed or (i) a new electronic funding agreement is signed by Client Client's Settlement Account must be able to process or accept electronic transfers via ACH A.2. Funding AcknovAedgement Automated Clearing House (ACH). Your funds for Mastercard. Visa. Discover Network, PayPal and American Express transactions will ordinarily be processed and transferred to your financial institution within two (2) Business Days from the time a batch is received by Processor if your financial institution is the Bank If your financial institution is not the Bank, your Mastercard, Visa, Discover Network. PayPal and American Express transactions will ordinarily be processed via the Federal Reserve within two (2) Business Days from the time a batch is received by Processor The Federal Reserve will transfer such amounts to your financial institution A.3. Additional Fees and Early Termination If Client's Mastercard. Visa, Discover Network, PayPal and American Express transaction(s) fail to qualify for the discount level contemplated in the rates set forth in the Application, Client will be billed the fee indicated in the Mid -Qualified Discount field or Non -Qualified Discount field If you are utilizing the Enhanced Billback Discount option, the Client will be charged the Enhanced Billback Rate on the volume of said transaction that failed to qualify, in addition to the difference between the MastercardNisa/Discover Network/PayPal and American Express Qualified Rate agreed to on the Service Fee Schedule and the actual interchange rate assessed to the downgraded transaction a Any increases or decreases in the interchange and/or assessment portion of the fees. b The appropriate interchange level as is consistent with the qualifying criteria of each transaction submitted by Client, C Increases in any applicable sales or telecommunications charges or taxes levied by any state. federal or local authority related to the delivery of the services provided by CardConnect LLC when such costs are included in the Service or other fixed fees The discount fees shown on the Service Fee Schedule shall be calculated based on the gross sales volume of all Visa. Mastercard/Discover/PayPal and American Express volume. A Monthly Minimum Processing Fee will be assessed immediately after the date Client's Application is approved (Refer to Service Fee Schedule. if applicable ) In addition to the PIN Debit Card transaction fees set forth on the Application. Client shall be responsible for the amount of any fees imposed upon a transaction by the applicable debit network The parties further agree and acknowledge that, in addition to any remedies contained herein or otherwise available under applicable law and, if (a) Client breaches this Agreement by improperly terminating it prior to the expiration of the initial term of the Agreement, or (b) this Agreement is terminated prior to the expiration of the initial term of the Agreement due to an Event of Default, then Servicers will suffer a substantial injury that is difficult or impossible to accurately estimate Accordingly, the parties have agreed that the amount described below is a reasonable pre -estimate of Servicers' probable loss In the event that Client terminates this Agreement within three (3) years from the date of approval by CardConnect LLC and Wells Fargo Bank, N A or this Agreement is terminated by Servicers within 3 years from the date of approval due to an Event of Default. Client will be charged a fee for such early termination, if so indicated on the Application on the Service Fee Schedule Client's obligation with respect to the Monthly Minimum Processing Fee will end simultaneously with CardConnect LLCs' receipt of Termination Fee 1515114; . ..• Pursuant to Section 605OW of the Internal Revenue Code, merchant acquiring entities and third party settlement organizations are required to file an information return for each calendar year reporting all payment card transactions and third party network transactions with payees occurring in that calendar year Accordingly, you will receive a Form 1099-K reporting your gross transaction amounts for each calendar year Your gross transaction amount refers to the gross dollar amount of the card transactions processed through your merchant account with us In addition, amounts reportable under Section 6050W are subject to backup withholding requirements. Payors will be required to perform backup withholding by deducting and withholding income tax from reportable transactions if (a) the payee fails to provide the payee's taxpayer identification number (TIN) to the payor, or (b) if the IRS notifies the payor that the TIN (when matched with the name) provided by the payee is incorrect. Accordingly, to avoid backup withholding, it is very important that you provide us with the correct name and TIN that you use when filing your tax return that includes the transactions for your business A.S. Addresses For Notices PROCESSOR: Important Phone Numbers: (see also CardConnect LLC: Sections 10 and 15) 1000 Continental Drive Customer Service Suite 300 1-877-828-0720 King of Prussia, PA 19406 BANK: Wells Fargo Bank, N.A.: P O Box 6079 Concord, CA 94524 1-844-284-6843 . E OF FLORIDA INDIAN RIVER COUNTY THIS IS TO CERTIFY THAT THIS IS A TRUE AND CORRECT COPY OF THE OP^ NAL ON FILE IN THIS OFFIQE. / •'rima-=I�'I�%14� CarclCo2305 46