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AUTHORIZED PERSONS Before using a Positive Pay Service, you give us a written list, in a form acceptable to us, of the persons authorized by you to perform certain duties in connection with such Service. ONLINE OPTION You may access the daily reports of exception items via one of our online systems. Using that system, you must then notify us which exception items to payor which to return. You may request photocopies of exception items, which we will fax to you, as more fully described in the applicable User Documentation. Where available, you may al'range to receive and display electronic images of exception items. MANUAL OPTION We provide you a report of exception items. You must then notify us which items to payor which to return. ACKNOWLEDGMENTS You authorize us to return checks or to pay checks in accordance with your instl11ctions and the default procedure in the applicable User Documentation. We will have no liability for payment of a check which is unauthorized or fraudulent if (i) the check is included in a report of exception items, (ii) you have not selected a return default for exception items and (iii) you do not give us timely instl1lctions to return the check. You acknowledge that our Positive Pay Services do not preclude our standard check processing procedures, which may cause a check to be dishonored even if your instructions or the default procedure do not otherwise require us to return such check. You acknowledge that, if you have our Teller Positive Pay Service, the decision whether to payor not pay an item may be made by us at a banking center. If you decline to use a Teller Positive Pay Service offered by us or fail to meet your applicable issue file deadlines in the User Documentation, you also acknowledge that., as between you and us, you will bear the full loss on checks which are drawn on your accounts with us and paid by us in good faith if the checks are counterfeits or bear unauthorized alterations to the amounts or unauthorized maker signatures, even if such checks would otherwise be exception items. You acknowledge that our Positive Pay Services are intended to be used to identify and return checks which you suspect in good faith are fraudulent. They are not intended to be used as a substitute for stop payment orders on checks which are not suspected in good faith to be fraudulent. If we suspect or deem, in our sole discretion, that you are using these Services contrary to those intentions, we may require you to provide evidence that checks we return pursuant to your instl1lctions or the return default, if applicable, were in fact fraudulent. In addition, we may hold you liable for losses we sustain on checks which we are requested to return under these Services and which you do not reasonably establish as fraudulent checks. AD-AG-0455B (2004-2) 34