a. POC/deferred comp amendmnt - Laserfiche WebLink

other investment provider under the Plan or any other plan of the employer. The Participant and not NRS shall at all times remain responsible for ensuring that any loan received under the Plan is in accordance with regard to any other loans received by the Participant under any other plans of the Participant's employer. Any tax reporting required as a result of the receipt by a Participant of a loan that exceeds the lim~s imposed by federal regulations shall not be the responsibility of NRS, unless it is determined that.such limits were exceeded solely as a resutt of a loan made through NRS as service provider. Consequently, ~RS shall not be required to account for loans made pursuant to a plan other than this Plan or loans made under this Plan that are made by an investment provider other than Nationwide Life Insurance Company. 11. Suspension of Loan Payments. NRS may suspend a Participant's obligation to repay any loan under the P/an during the period in which the Participant is performing service in the uniformed services as may be required by law. At the expiration of any suspension of loan payments period, the outstanding loan balance, including any accrued interest and fees, will be re-amortized and the Parficipant will be required to execute an amended Loan Agreement. 12. Loan Interest Rate The interest rate for any /aah shall be established by NRS. These interest rates shall commensurate with interest rates being charged by entities in the business of lending money under similar circumstances. Generally, the rate assumed will be Prime Rate + 1.00%*. The Prime Rate shall be the prime rate published by the Wall Street Journal two weeks prior to the end of the most recent calendar-year quarfer. NRS may adjust the loan interest rate for Participants entering active duty in the miIitary services as may be required by law. 13. Annual Loan Maintenance and Asset Fees. An annual loan maintenance fee of $50.00* will also be deducted from the Participant's account untiI the loan is repaid in full. The amount of the outstanding loan balance will be subject to the Asset Fee equal to the maximum Variable Account Annual Expense Fee applicable under the Plan. 14. Loan Default Fee; At the time when a default occurs, a $50,00* loan default fee will be deducted from the Participant's account. This charge will only affect Parddpants who fail to make a required loan payment. The undersigned Plan Sponsor hereby adopts these Participant Loan Administrative Procedures, effective for loans issued on er after the effective date set forth in the boans to Participants Amendment to Plan Document, and instructs NRS to administer loans made to Plan Participants in accordance with these terms. The Plan Sponsor acknowledges the following: (i) that the Plan Sponsor has decided to offer loans under the Plan and is instructing NRS to administers loans under the Plan; (ii) that it understands that, as a result of offedag loans under the Plan, the PIan Sponsor, its Participants, and/or the Plan could be subject to adverse [ax consequences; (iii) that the Plan Sponsor has independently weighed this dsk and has determined that offering loans under the Plan is in the best interest of the Plan Sponsor, its Participants, and the Plan; and (iv) NRS shall not be Ii@bio for any adverse tax consequences described in (ii), except as specifically stated under paragraph 10 herein, resulting from the Plan Sponsor's decision to o¢fer loans under the Plan.