VISA Company Rewards Charge Card

Definitions

"We" or "us" means TCM. "You" or "your" means Company. The charge card account in the name of the Company, which includes all charge cards used by the Company Employees will be called the "Master Account". Each charge card used by the Company Employees will be called the "Account".

Issuance of Cards

TCM is authorized to issue charge cards in the name of the Company to the Company Employees identified by the Company.

Promise to Pay

The Company promises to pay TCM for purchases, balance transfers, and cash advances made and all services rendered by or to any person using the card together with any finance charges or other charges incurred. It is understood that all parties have joint and individual liability.

Purchases and Cash Advances

Charges include all purchases and cash advances in which any Company Employee evidenced intent to incur a charge, regardless of whether or not a charge slip was signed. Charges also include any balance transfers.

Maximum Credit Limit

The maximum credit limit assigned to the Account is shown on each periodic statement. If the maximum credit limit is exceeded, TCM may decline further purchases, balance transfers, or cash advances and may charge an Over Limit Fee.

Unauthorized Use

The Company may be liable for the unauthorized use of any of the charge cards issued for the Master Account. Any use of the card by a Company Employee or by another with the knowledge or consent of the Company Employee, is authorized use. The Company agrees to notify TCM promptly of any termination, resignation, or other change to the status of any Company Employee who has an Account and agrees to be liable for any purchases, balance transfers, cash advances, or other transactions on the charge card that occur before TCM 's receipt of written notification of the change in employee status. The Company will not be liable for the unauthorized use by a Company Employee who has an Account that occurs after TCM 's receipt of written notification of unauthorized use and if TCM has had a reasonable amount of time to respond to this notification. All notifications under this section are to be sent to TCM Bank, N.A., P.O. Box 31481, Tampa, FL 33631.

Charge cards may only be used for legal purchases of goods and services. Charge cards may not be used for gambling purposes, whether online or otherwise. If the Charge card is used for illegal purposes or gambling, TCM may terminate the Account, but Company will still be liable for all charges relating to those transactions.

Statements

A monthly statement will be issued for each Account showing the new balance and the transactions that have been posted since the last statement. The statement will also show the minimum payment amount and the payment due date. For each Account, the minimum payment amount will be the total amount of purchases, balance transfers, cash advances, finance charges (if applicable), and other charges.

Additional Charges

The Company agrees to pay a reasonable fee for: (i) each additional copy of a periodic statement requested for reasons other than an error made by TCM; (ii) each dishonored payment received on the Account or the Master Account; (iii) each charge card replacement; and (iv) each Account reinstatement.

Payments

All purchases, balance transfers, cash advances, finance charges, and fees (if applicable) must be paid in full each month. TCM will allocate your payments in the following order: to fees, then interest, then to the remaining balance from the lowest rate to the highest rate. TCM may change this allocation method at any time. All payments must be payable in U.S. currency. If we decide to accept a payment in some other form, your payment will not be credited until it is converted into U.S. currency. We may charge you for any costs we incur in converting your payment.

Finance Charges

You agree to pay a Finance Charge determined as described below. The finance charges for Purchases and Balance Transfers and for Cash Advances are determined separately: On Purchases and Balance Transfers, if you fail to pay the entire new balance on or before the payment due date shown on your statement, you will incur a finance charge. Annual Percentage Rates that apply to your account are stated on your Account Opening Disclosures. This rate will be applied on your outstanding balance from the closing date on your statement and on future Purchases and Balance Transfers from the date the transaction(s) are posted to your Account until the billing period in which we receive payment in full of all outstanding balances. If the entire new balance is not paid in full, TCM may decline further purchases, balance transfers, or cash advances.

On Cash Advances

You will incur a Finance Charge based on the APR in your Account Opening Disclosures. This rate will be applied from the date of the Cash Advance until the day we receive payment in full of all outstanding Cash Advance balances. If the entire new balance is not paid in full, TCM may decline further purchases, balance transfers, or cash advances.

Finance Charges for each type of balance (Purchases/Balance Transfers and Cash Advances) will be calculated by multiplying the Monthly Periodic Rate of Finance Charge applicable for the type of balance by the Average Daily Balance for the type of balance, and adding any Cash Advance Fee, Balance Transfer Fee and International Transaction Fee as applicable. The Monthly Periodic Rate for each billing period is 1/12th of the applicable Annual Percentage Rate in effect for that billing period for the type of balance, rounded to the nearest ten thousandth of a percentage point.

To get the average daily balance for Purchases, we take the beginning balance of Purchases on your Account each day, add any new Purchases, and subtract any payments or credits, non-accruing fees, and unpaid Finance Charges. This gives us the daily balance for Purchases. Then we add up all the daily balances for Purchases for the billing period and divide the total by the number of days in the billing period. This gives us the average daily balance for Purchases.

To get the average daily balance for Cash Advances, we take the beginning balance of Cash Advances on the Account each day, add any new Cash Advances, and subtract any payments or credits, non-accruing fees, and unpaid Finance Charges. This gives us the daily balance for Cash Advances. Then, we add all the daily balances of Cash Advances for the billing period and divide the total by the number of days in the billing period. This gives us the average daily balance of Cash Advances.

Calculation of APRs

We use the highest Prime Rate listed in The Wall Street Journal on the last business day of the calendar month prior to your statement closing date (for example, if your statement closed on March 15, we would use the Prime Rate in effect on February 28 for your current statement period that covers February 16 - March 15 period). APRs shown on your account opening disclosures are based on the 5.25% Prime Rate in effect on November 1, 2018. For each billing period, the APR is determined by adding a margin to the Prime Rate. The margin for Purchases and Balance Transfers is 18.74%. The margin for Cash Advances is 21.74%. The APR will not exceed the applicable usury rate. The Bank may change the margin at any time.

Fees

All fees must be paid in full each month. The fees are as follows:

Annual Fee per Account - NONE.

Transaction Fee for Cash Advances - Either $10 or 3% of each cash advance, whichever is greater. Late Payment Fee -

1. $19 on balances less than $100;
2. $29 on balances over $100 but less than $250;
3. $39 on balances of $250 or more.

Over Limit Fee - $39 for each occurrence and for each additional billing period that the Account remains over limit.

Returned Payment Fee - $35.

International Transaction Fee - If the merchant is outside of the U.S., the fee is:

1. 3% of the U.S. dollar amount of the transaction, if converted from a foreign currency, b) 2.8% of the U.S. dollar amount of the transaction, if made in U.S. dollars.

Balance Transfer Fee - 3% of each balance transferred. Replacement Fee - $5 per card replaced.

Reinstatement Fee - $25 per Account reinstatement.

Entire Balance Due

If (i) any payment on an Account or any other obligation owed by the Company to TCM is missed due to nonpayment or payment dishonor, (ii) the maximum credit limit is exceeded, (iii) bankruptcy is filed by or against the Company, or any other liquidation or insolvency proceeding is initiated against the Company, (iv) any guarantor dies, or (v) any misrepresentation has been made on the application, then the entire balance of the account can be declared due and payable at once without notice or demand. Once the entire balance has been declared due, the obligation of TCM to honor further transactions ends.

Collection Costs

The Company agrees to pay all costs of collection including reasonable attorney 's fees.

Disputes

TCM is not responsible for refusal by any merchant, financial institution or automated equipment to honor or accept a charge card. TCM has no responsibility for merchandise or services obtained with a charge card and any dispute concerning merchandise or services will be independently settled by Company with the merchant concerned. Business accounts are not covered by the Fair Credit Billing Act, the Truth in Lending Act or the Electronic Fund Transfers Act. However, if you have any questions about your account, you should write us at TCM Bank N.A., P.O. Box 31481, Tampa, FL 33631.

Change in Terms

TCM may change the terms of the Account, the Master Account, and/or these Terms and Conditions at any time. The new terms may, at the option of TCM, apply to new Purchases, Balance Transfers and Cash Advances and to the outstanding balance of the Account. Notice of the change will be provided at least 15 days prior to the effective date of the change.

Governing Law

This Agreement is governed by Federal law and, to the extent not preempted by Federal law, by Florida law. Any action, suit or other proceeding arising out of or based upon this Agreement shall be brought in the State of Florida in the Thirteenth Judicial Circuit in and herself to the exclusive personal jurisdiction and venue of those courts for such purposes.