Common use of Services Selected Clause in Contracts

Services Selected. The services selected from those described in Section 1 previous are listed below: Inclearing Service Return Service Serial Sorting On-Other Returns Research Redeemed Bonds POD Service (includes outgoing Rendering Fed Letter Service) FINANCIAL INSTITUTIONS SERVICE CORPORATION BY: ------------------------------ ---------------------------------- Witness its President duly authorized ▇▇▇▇▇▇▇ MERCHANTS BANK BY: /s/ ▇.▇. ▇▇▇▇▇▇▇▇, ▇▇. ------------------------------ ---------------------------------- Witness its Vice-President duly authorized MERCHANTS BANK ITEM PROCESSING INCLEARING/RENDERING SERVICE Price per item based on monthly volume. Straight pricing, not tiered. ----------------------------- $*** 0-99,999 items *** 100,000-124,999 items *** 125,000-149,999 items *** 150,000-174,999 items *** 175,000-199,999 items *** 200,000-249,999 items *** 250,000 items and over Pull, Qualify, and Deliver Returns to Fed....................... $ *** per item Mailers...................................................$ *** after 1st mailer OUTGOING FED LETTER SERVICE Price per item based on monthly volume. Straight pricing, not tiered. $*** 1-29,999 items *** 30,000-39,999 items *** 40,000-49,999 items *** 50,000-69,999 items *** 70,000-239,999 items *** 240,000-299,999 items *** 300,000-359,999 items *** 360,000-419,999 items *** 420,000-479,999 items *** 480,000 items and over On-Other Returns...........................................................$ *** OTHER Serial Sorting.............................................................$ *** Statements without Checks .................................................$ *** Statement Savings.............................................$*** per statement * [Confidential portions of this Exhibit have been omitted and filed separately with the Commission. Omitted terms are indicated by ***.] Postage......................................................................*** Transmissions ...............................................................*** Programming .....................................*** (Maximum cost to be charged for conversion programming $***) Research (Fed Adjustments, Non-FISC Errors).......................$*** per item

Services Selected. The services selected from those described in Section 1 previous are listed below: Inclearing Service Large Item Return Notification Returns Service Serial Sorting On-Other other Returns Research Redeemed Bonds Service Statements Without Checks POD Service (includes outgoing Rendering Fed Letter Service) Canadian Items Laser Printing DDA Statements Laser Printing non-DDA COM Other: ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ FINANCIAL INSTITUTIONS SERVICE CORPORATION ______________________________ BY: ------------------------------ ---------------------------------- :___________________________________ Witness its President duly authorized ▇▇▇▇▇▇▇ MERCHANTS BANK ______________________________ BY: /s/ ▇.▇. ▇▇▇▇▇▇▇▇, ▇▇. ------------------------------ ---------------------------------- Witness its Vice-President SVP Operation duly authorized MERCHANTS BANK ▇▇▇▇▇▇▇ Merchants Bank ITEM PROCESSING PRICES 1994 INCLEARING/RENDERING SERVICE Inclear and Render Price per item based on monthly volume. Straight (straight pricing, not tiered). ----------------------------- Fees waived for ▇▇▇▇▇▇▇ 0 - 99,999 items/month $*** 0-99,999 items 100,000 - 124,999 items/month $*** 100,000-124,999 items 125,000 - 149,000 items/month $*** 125,000-149,999 items 150,000 - 175,000 items/month $*** 150,000-174,999 items 175,000 - 199,999 items/month $*** 175,000-199,999 items *** 200,000-200,000 @ 249,999 items items/month $*** 250,000 items and over Pull, Qualify, over/month $*** Other Price Statements w/out checks (non-truncated) $*** per account Truncated Statements No additional charge Returns (Qualify and Deliver Returns to Fed....................... $ Deposit) $*** per item Mailers...................................................$ *** after 1st mailer OUTGOING FED LETTER SERVICE Price per item based on monthly volume. Straight pricing, not tiered. $*** 1-29,999 items *** 30,000-39,999 items *** 40,000-49,999 items *** 50,000-69,999 items *** 70,000-239,999 items *** 240,000-299,999 items *** 300,000-359,999 items *** 360,000-419,999 items *** 420,000-479,999 items *** 480,000 items and over On-Other Returns...........................................................$ Returns *by courier No charge ** OTHER Serial Sorting.............................................................$ *** Statements without Checks .................................................$ *** Statement Savings.............................................Phone Call $*** per statement item *FAX $*** per item *Mail *Cost of Postage Fees Waived for ▇▇▇▇▇▇▇ Merchants Bank Large Item Return Notification $*** per item * [Confidential portions of this Exhibit have been omitted and filed separately with the Commission. Omitted terms are indicated by ***.] Postage......................................................................*** Transmissions ...............................................................*** Programming .....................................*** Inclear and Render Price per item (Maximum cost to be charged straight pricing, not tiered). Fees waived for conversion programming $***) ▇▇▇▇▇▇▇ Research (Fed Adjustments, Non-FISC Errors).......................- Special Projects $*** per itemhour Research (non-FISC errors) $*** per item Serial Sorting $*** per item Controlled Disbursement $*** per account per month Telephone Transmission Charges At Cost Programming Charges At Cost Postage At Cost Above pricing will be discounted ***% in accordance with the Five (5) year contract term or ***% in accordance with a Three (3) year contract term. * [Confidential portions of this Exhibit have been omitted and filed separately with the Commission. Omitted terms are indicated by ***.]