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5. FICAL shall correct errors in participant-directed transactions (such as changes in investment allocations made using the "Voice Module" as defined herein) at no charge to CLIENT or the participant provided that the participant notifies FICAL of such error within thirty (30) days, the statement or confirmation shall be conclusively deemed correct. FICAL's obligation to correct the error shall be limited to effecting the transaction in accordance with the participant's original direction, to the extent feasible. In no event shall FICAL be required to pay any damages or other amounts alleged to have resulted from the error, except to the extent such error resulted from gross negligence or willful misconduct and in such case, FICAL's subject to the limitations set forth in Article XI, below. 6. CLIENT agrees to provide FICAL with all forms for all participants, including, but not limited to, a fully executed Plan Participation Agreement Form signed by each participant, which form shall be provided by FICAL and acknowledged by CLIENT, at least thirty (30) days prior to the participant's first contribution to the PLAN. All deposits sent to FICAL for participants whose enrollment information has not been received by FICAL in a timely manner will be returned to the CLIENT. 7. CLIENT shall not execute any Distribution Authorization for any participant until CLIENT has verified with FICAL that all contributions of the participant requesting the disbursement have been received by FICAL. 8. CLIENT shall be the sole custodian of and receive any investment certificates or other evidence of ownership of the accounts established under this Agreement. 9. Participants are permitted to make changes in their authorized payroll deductions subject to reasonable time limitations that may be imposed by CLIENT. For each such change, the CLIENT and the Participant will execute a new Plan Participation Agreement. A copy of the new Plan Participation Agreement will be sent by the CLIENT to FICAL by no later than the following pay period. V. APPLICABLE REGULATIONS, INSURANCE AND COLLATERALIZATION All funds on deposit shall be subject to all applicable rules, regulations, and statutes of the all applicable regulatory authorities, including the Federal Reserve Board, the Federal Deposit Insurance Corporation and the State of California. 2. Individual participant accounts will be insured by pass-through deposit insurance by the full faith and credit of an agency of the United States Government to the maximum extent permitted by law or regulation, including the Federal Deposit Insurance Corporation Improvement Act of 1991. No collateral will be provided for funds so insured. 3. FICAL agrees to collateralize any amount of CLIENT funds invested in Interstate 457 Liquidity Accounts and/or Certificates of Deposit which are in excess of current federal insurance limits. If the laws or regulations regarding federal deposit insurance are revoked or amended causing additional collateral requirements, FICAL shall be entitled to renegotiate the pricing of its services under this Agreement. 5