5. National Interest Reduction Service (NIRS) Client(s) has appointed National Interest Reduction Service (NIRS) or assigns to administer this payment service, and authorizes them to make all necessary bank and payment arrangements and transactions to facilitate the payment service, until client terminates this agreement due to loan retirement or other reason. Client authorizes client’s lender to discuss client’s loan with NIRS or its assigns. Application or enrollment fees are charged by NIRS on a deferred basis to initiate this enrollment. These funds will be withheld from the additional payments, usually within the first year. These fees are non-refundable.

6. Term NIRS agrees that upon clients enrollment and payment of all fees required by NIRS or its assigns, NIRS shall commence and continue to transfer payment from clients bank account on a bi-weekly schedule according to paragraph 4 until client requests termination or transfer of services. Client may terminate this agreement at any time and at no charge, upon 30 days written notice to NIRS. NIRS or its assigns may terminate this agreement as set forth in paragraph 9.

7. Transfer of Funds Client bank accounts are debited using the Federal Reserve Systems Automatic Clearing House process and funds are deposited in a commercial account at a major U.S. based bank. NIRS and its assigns reserves the right to choose and change depository banks at its own discretion. Client understands that the deferred application fees recorded in section 4 of this agreement will be paid from funds intended for additional principal payments until it is paid in full. Only after the deferred application fee is paid will additional principal payment be credited to the loan. If funds are debited from a client’s account in error, client is entitled to reimbursement. The monthly payment to client’s lender may be in the form of a check or electronic payment. Interest is not credited to client on client’s funds in the depository account while waiting for transfer to client’s lender. In the event funds cannot be successfully debited, it is the client’s sole responsibility to contact NIRS or its assigns and make payment arrangement with NIRS, its assigns and/or clients lender directly.

8. Loan Payments and Processing NIRS and its assigns guarantees to make clients payment only with funds debited from clients account. NIRS and its assigns maintains the right to delay forwarding payment until debits have cleared clients bank. Client understand that insufficient funds or any inability to debit funds may cause their monthly loan payment to the lender: (1) to be made past the due date (2) to be made in an amount less that required (3) no payment will be made at all. NIRS and its assigns will not be held responsible for making full loan payment if client funds are not available. If a late charge is incurred by the client in the payment of the clients loan due to the fault or error of NIRS, NIRS will pay the late charge and write a letter of explanation to the clients lender. NIRS and its assigns are servicing the client’s loan based solely on the information provided by the client that NIRS cannot verify. NIRS will not be held responsible for errors in the information provided by the client, and NIRS will use best efforts to solve any problems that result from incorrect information provided by the client. NIRS will not be held responsible for incorrect delivery or delivery delays caused to the U.S. Postal Service or processing delays by the lender. Client understand payment may be posted after the payment due date.

9. Termination and Reinstatement Client may terminate this agreement at any time and at no charge upon 30 days written notice to NIRS. In the event debit transfer cannot be accomplished due to: (1) insufficient funds (2) closing of account (3) any other reason within clients control which impairs or prevents the automatic transfer of funds as contemplated by this agreement, NIRS may terminate this agreement immediately, without refund of fees paid to NIRS. If NIRS has terminated this agreement for above reasons, client may apply for reinstatement in the Loan Payment Service in writing and forwarding a one hundred ($100.00) reinstatement fee. Reinstatement is at the sole discretion of NIRS. If this agreement is terminated by party for any reason, all application, enrollment, transfer, late fees or any other fees paid by the client are non-refundable.

10. Guarantee NIRS guarantees that the Loan Payment Service shall not violate any provision of a clients underlying loan agreement. In the unlikely event a clients use of the Loan Payment Service is found to be in violation of the agreements between client and lender within the first (1st) year of this agreement, NIRS will be responsible to refund all of the application fee paid to them by client with thirty (30) days of the written demand, after verification of the alleged violation by NIRS review of a copy of the clients original loan document.

11. Notices All notices required or permitted hereunder shall be in writing and may be delivered via U.S. Mail, courier services, fax, or email to the appropriate party at the address specified herein, or to such other address as NIRS may designate, pursuant to this paragraph. Such notifies shall properly identify the customer and be deemed delivered when personally received or five (5) days after mailing thereof. Important: It is the clients sole responsibility to contact NIRS if clients lender, loan payment, or bank information changes. Client must notify NIRS in writing within three (3) business days of any changes in clients loan, including but not limited to transfer or change of lender, interest rates, payment amounts, escrow amounts, any closure to clients bank account for debit purposes. Client is responsible for making their own account changes online or notifying NIRS or its assigns immediately. Changes to clients debits must be made a minimum of two (2) business days prior to the next scheduled debit date. Changes in any information necessary for payment to a lender, including but not limited to, clients lender and / or account number, must be made a minimum of seven (7) banking days before clients payment due date if the new information is to be applied to an upcoming payment. Banking days do not include weekends or holidays. NIRS can be contacted by fax at 1-866-939-9135

Emails: support@nationalinterestreductionservice.com or service@biweeklymanagement.com

12. Estimated Savings Client acknowledges that all calculations made by NIRS are based on information supplied by the client and the client accepts sole responsibility for the accuracy of the information. Any loan calculation is for “demonstration purposes” only. Client acknowledges any changes in interest rate, refinancing of the subject loan, or additional payments will have a significant affect on the savings and payment schedules.

13. General Provisions This agreement shall be interpreted and performed in accordance with the laws of the State of Ohio. If any term in this agreement is found to be invalid or unenforceable, then the balance of the agreement shall be enforced without the invalid or unenforceable term. In the event of a dispute over this agreement, the client and NIRS agree to prosecute any such litigation within Columbus, Oho, where performance under this agreement is to take place. In the event of such litigation, the prevailing party shall be entitled to costs and reasonable attorney fees.