Common use of Penalty for Early Withdrawal Clause in Contracts

Penalty for Early Withdrawal. Partial withdrawals will not be permitted. If we permit a withdrawal before the maturity date, a penalty as shown below will be imposed. a. Deposits with an original maturity of 31 days or less will forfeit all interest earned from the date of deposit. There is a minimum penalty of seven (7) days simple interest. b. Deposits with an original maturity of 32 days to one year will forfeit an amount equal to 31 days simple interest at the interest rate paid on the time deposit at the time of withdrawal on the full amount of the deposit. c. Deposits with an original maturity of more than one year will forfeit an amount equal to 90 days simple interest at the interest rate being paid on the time deposit at the time of withdrawal on the full amount of the deposit. d. There is no penalty if early withdrawal is made due to the death of a depositor or if the depositor has been declared legally incompetent. In complying with the terms of this account, it may be necessary to deduct a portion of the principal deposit to satisfy an early withdrawal penalty. PRESENTATION OF THIS RECEIPT IS NOT NECESSARY FOR WITHDRAWAL OF FUNDS FROM THIS ACCOUNT. (Member FDIC) NOT NEGOTIABLE * NOT TRANSFERABLE RECEIPT FOR TERM DEPOSIT INTERNAL BANK USE SILICON VALLEY BANK 3003 Xxxxxx Xxxxx Xxxxx Xxxxx, XX 00000-0000 408-654-7400 Class Code 754 Account Number 8800023350 Interest Rate 4.90% Annual Percentage Yield 4.90% -------- -------------- ----- ----- Issue Date 7/24/98 Maturity Date 7/24/99 Term 365 days ------------ ---------- ------------ Amount Deposited *****$20,000.00***** Dollars ----------------------------------------------------- IN THE NAME(S) OF *****Channelpoint Inc***** FJA 841367639 INTEREST PAYMENT FREQUENCY [x] Monthly [ ] Quarterly [ ] Semi-Annually [ ] Annually [ ] At Maturity Of The Certificate METHOD OF INTEREST DISTRIBUTION [ ] Mail Check [ ] Credit To Certificate At Maturity Only [x] Credit To Acct. No. 3300032362 --------------- CD Held for Collateral Trade Note Finance Dept. /s/ [ILLEGIBLE] -------------------------------------- BANK AUTHORIZED SIGNATURE This Term Deposit Is Subject To The Terms And Conditions Hereon And As Specified On The Signature Card And Agreement On File With Silicon Valley Bank. TERMS AND CONDITIONS

Penalty for Early Withdrawal. Partial withdrawals will not be permitted. If we permit a withdrawal before the maturity date, a penalty as shown below will be imposed. a. Deposits with an original maturity of 31 days or less will forfeit all interest earned from the date of deposit. There is a minimum penalty of seven (7) days simple interest. b. Deposits with an original maturity of 32 days to one year will forfeit an amount equal to 31 days simple interest at the interest rate paid on the time deposit at the time of withdrawal on the full amount of the deposit. c. Deposits with an original maturity of more than one year will forfeit an amount equal to 90 days simple interest at the interest rate being paid on the time deposit at the time of withdrawal on the full amount of the deposit. d. There is no penalty if early withdrawal is made due to the death of a depositor or if the depositor has been declared legally incompetent. In complying with the terms of this account, it may be necessary to deduct a portion of the principal deposit to satisfy an early withdrawal penalty. PRESENTATION OF THIS RECEIPT IS NOT NECESSARY FOR WITHDRAWAL OF FUNDS FROM THIS ACCOUNT. (Member FDIC) NOT NEGOTIABLE * NOT TRANSFERABLE 14 [SILICON VALLEY BANK LOGO] RECEIPT FOR TERM DEPOSIT INTERNAL BANK USE SILICON VALLEY BANK 3003 Xxxxxx Xxxxx Xxxxx Xxxxx, XX 00000-0000 408-654-7400 Class Code 754 Account Number 8800023350 8800023512 Interest Rate 4.90% Annual Percentage Yield 4.90% -------- -------------- ----- ----- Issue Date 7/24/98 Maturity Date 7/24/99 Term 365 days ------------ ---------- ------------ Amount Deposited *****$20,000.00***** Dollars ----------------------------------------------------- IN THE NAME(S) OF *****Channelpoint Inc***** FJA 841367639 INTEREST PAYMENT FREQUENCY [x] Monthly [ ] Quarterly [ ] Semi-Annually [ ] Annually [ ] At Maturity Of The Certificate METHOD OF INTEREST DISTRIBUTION [ ] Mail Check [ ] Credit To Certificate At Maturity Only [x] Credit To Acct. No. 3300032362 --------------- CD Held for Collateral Trade Note Finance Dept. /s/ [ILLEGIBLE] -------------------------------------- BANK AUTHORIZED SIGNATURE This Term Deposit Is Subject To The Terms And Conditions Hereon And As Specified On The Signature Card And Agreement On File With Silicon Valley Bank. TERMS AND CONDITIONS

Penalty for Early Withdrawal. Partial withdrawals will not be permitted. If we permit a withdrawal before the maturity date, a penalty as shown below will be imposed. a. Deposits with an original maturity of 31 days or less will forfeit all interest earned from the date of deposit. There is a minimum penalty of seven (7) days simple interest. b. Deposits with an original maturity of 32 days to one year will forfeit an amount equal to 31 days simple interest at the interest rate paid on the time deposit at the time of withdrawal on the full amount of the deposit. c. Deposits with an original maturity of more than one year will forfeit an amount equal to 90 days simple interest at the interest rate being paid on the time deposit at the time of withdrawal on the full amount of the deposit. d. There is no penalty if early withdrawal is made due to the death of a depositor or if the depositor has been declared legally incompetent. In complying with the terms of this account, it may be necessary to deduct a portion of the principal deposit to satisfy an early withdrawal penalty. PRESENTATION OF THIS RECEIPT IS NOT NECESSARY FOR WITHDRAWAL OF FUNDS FROM THIS ACCOUNT. (Member FDIC) NOT NEGOTIABLE * NOT TRANSFERABLE RECEIPT FOR TERM DEPOSIT INTERNAL BANK USE SILICON VALLEY BANK 3003 Xxxxxx Xxxxx Xxxxx Xxxxx, XX 00000-0000 408008-654-7400 Class Code 754 Account Number 8800023350 8800023475 Interest Rate 4.90% Annual Percentage Yield 4.90% -------- -------------- ----- ----- Issue Date 7/24/98 Maturity Date 7/24/99 Term 365 days ------------ ---------- ------------ Amount Deposited *****$20,000.00***** Dollars ----------------------------------------------------- IN THE NAME(S) OF *****Channelpoint Inc***** FJA 841367639 INTEREST PAYMENT FREQUENCY [x] Monthly [ ] Quarterly [ ] Semi-Annually [ ] Annually [ ] At Maturity Of The Certificate METHOD OF INTEREST DISTRIBUTION [ ] Mail Check [ ] Credit To Certificate At Maturity Only [x] Credit To Acct. No. 3300032362 --------------- CD Held for Collateral Trade Note Finance Dept. /s/ [ILLEGIBLE] -------------------------------------- BANK AUTHORIZED SIGNATURE This Term Deposit Is Subject To The Terms And Conditions Hereon And As Specified On The Signature Card And Agreement On File With Silicon Valley Bank. TERMS AND CONDITIONS

Penalty for Early Withdrawal. Partial withdrawals will not be permitted. If we permit a withdrawal before the maturity date, a penalty as shown below will be imposed. a. Deposits with an original maturity of 31 days or less will forfeit all interest earned from the date of deposit. There is a minimum penalty of seven (7) days simple interest. b. Deposits with an original maturity of 32 days to one year will forfeit an amount equal to 31 days simple interest at the interest rate paid on the time deposit at the time of withdrawal on the full amount of the deposit. c. Deposits with an original maturity of more than one year will forfeit an amount equal to 90 days simple interest at the interest rate being paid on the time deposit at the time of withdrawal on the full amount of the deposit. d. There is no penalty if early withdrawal is made due to the death of a depositor or if the depositor has been declared legally incompetent. In complying with the terms of this account, it may be necessary to deduct a portion of the principal deposit to satisfy an early withdrawal penalty. PRESENTATION OF THIS RECEIPT IS NOT NECESSARY FOR WITHDRAWAL OF FUNDS FROM THIS ACCOUNT. (Member FDIC) NOT NEGOTIABLE * NOT TRANSFERABLE 13 [SILICON VALLEY BANK LOGO] RECEIPT FOR TERM DEPOSIT INTERNAL BANK USE SILICON VALLEY BANK 3003 Xxxxxx Xxxxx Xxxxx Xxxxx, XX 00000-0000 408-654-7400 Class Code 754 Account Number 8800023350 8800023392 Interest Rate 4.90% Annual Percentage Yield 4.90% -------- -------------- ----- ----- Issue Date 7/24/98 Maturity Date 7/24/99 Term 365 days ------------ ---------- ------------ Amount Deposited *****$20,000.00***** Dollars ----------------------------------------------------- IN THE NAME(S) OF *****Channelpoint Inc***** FJA 841367639 INTEREST PAYMENT FREQUENCY [x] Monthly [ ] Quarterly [ ] Semi-Annually [ ] Annually [ ] At Maturity Of The Certificate METHOD OF INTEREST DISTRIBUTION [ ] Mail Check [ ] Credit To Certificate At Maturity Only [x] Credit To Acct. No. 3300032362 --------------- CD Held for Collateral Trade Note Finance Dept. /s/ [ILLEGIBLE] -------------------------------------- BANK AUTHORIZED SIGNATURE This Term Deposit Is Subject To The Terms And Conditions Hereon And As Specified On The Signature Card And Agreement On File With Silicon Valley Bank. TERMS AND CONDITIONS

Penalty for Early Withdrawal. Partial withdrawals will not be permitted. If we permit a withdrawal before the maturity date, a penalty as shown below will be imposed. a. Deposits with an original maturity of 31 days or less will forfeit all interest earned from the date of deposit. There is a minimum penalty of seven (7) days simple interest. b. Deposits with an original maturity of 32 days to one year will forfeit an amount equal to 31 days simple interest at the interest rate paid on the time deposit at the time of withdrawal on the full amount of the deposit. c. Deposits with an original maturity of more than one year will forfeit an amount equal to 90 days simple interest at the interest rate being paid on the time deposit at the time of withdrawal on the full amount of the deposit. d. There is no penalty if early withdrawal is made due to the death of a depositor or if the depositor has been declared legally incompetent. In complying with the terms of this account, it may be necessary to deduct a portion of the principal deposit to satisfy an early withdrawal penalty. PRESENTATION OF THIS RECEIPT IS NOT NECESSARY FOR WITHDRAWAL OF FUNDS FROM THIS ACCOUNT. (Member FDIC) NOT NEGOTIABLE * NOT TRANSFERABLE RECEIPT FOR TERM DEPOSIT INTERNAL BANK USE SILICON VALLEY BANK 3003 Xxxxxx Xxxxx Xxxxx Xxxxx, XX 00000-0000 408-654-7400 Class Code 754 Account Number 8800023350 8800023431 Interest Rate 4.90% Annual Percentage Yield 4.90% -------- -------------- ----- ----- Issue Date 7/24/98 Maturity Date 7/24/99 Term 365 days ------------ ---------- ------------ Amount Deposited *****$20,000.00***** Dollars ----------------------------------------------------- IN THE NAME(S) OF *****Channelpoint Inc***** FJA 841367639 INTEREST PAYMENT FREQUENCY [x] Monthly [ ] Quarterly [ ] Semi-Annually [ ] Annually [ ] At Maturity Of The Certificate METHOD OF INTEREST DISTRIBUTION [ ] Mail Check [ ] Credit To Certificate At Maturity Only [x] Credit To Acct. No. 3300032362 --------------- CD Held for Collateral Trade Note Finance Dept. /s/ [ILLEGIBLE] -------------------------------------- BANK AUTHORIZED SIGNATURE This Term Deposit Is Subject To The Terms And Conditions Hereon And As Specified On The Signature Card And Agreement On File With Silicon Valley Bank. TERMS AND CONDITIONS