I.                     Definitions

The following definitions apply in this Agreement:

1. "Authorized Representative" refers to a person with authority (with
   respect to the account);

2. "ISP" refers to your Internet Service Provider;

3. "Online Banking" is the internet-based service providing access to your
   Bank account(s);

4. "Online Account" means the Bank account from which you will be conducting transactions using a Service;

5. "Password" is the customer-generated code selected by you for use during the initial sign-on, or the codes you select after the initial sign-on, that establishes your connection to the Service;

6. "PC" means your personal computer which enables you, with the Internet browser and ISP, to access your Online Account;

7. "Time of day" references are to Central Standard Time;

8. "User ID" is the Bank-generated identification code assigned to you for your connection to the Service;

9.  "We", "us", or "Bank" refer to Bank Name which offers the Services and which holds the accounts accessed by the Services; and

10. "You" or "your" refers to the owner of the account or the authorized representative.

II.              Access to Services

The Bank will provide instructions on how to use the Online Banking. You will
gain access to your Online Accounts through the use of your Internet-enabled
device, your Access Code, your Password and your Customer Number. You may access your Online Accounts 24 hours a day, seven (7) days a week.  However, availability of the Services may be suspended for brief periods of time for purposes of maintenance, updating and revising the software.

For purposes of transactions, the Bank's business days are Monday through
Friday, excluding holidays and weekends. All Online Banking transaction
requests received after 3:00 p.m. on business days and all transactions which
are requested on Saturdays, Sundays, or holidays on which the Bank chooses
to remain closed, will be processed on the Bank's next business day. The
Bank's business day begins at 8:30 a.m.

III.             Banking Transactions with Online Banking

1. Account Access. You may access all your Bank personal accounts online (i.e. checking, savings, certificate of deposits or loan accounts).
    

2. Transfer of Funds.  In addition to viewing account information, you may
   use Online Banking to conduct the transfer of funds. You may make one-time transfers or schedule future or recurring transfers such as transfers to make loan payments. You may transfer funds among your checking accounts, savings accounts and money market accounts.

   NOTE: Because regulations require the Bank to limit preauthorized transfers (including Online Banking transfers), the following limitations apply:

   ·         Statement  Savings account. You can make no more than six (6) transfers per month by preauthorized or
   automatic transfer or by telephone or Online Banking.

   ·         Market Rate Savings account. You can make no more than six (6) transfers per statement period by preauthorized
   or automatic transfer or by telephone or Online Banking and no more than three (3) of these may be by check, draft or debit card.  Please note:  If there are not sufficient funds in
   the account, we cannot complete this transfer. However, future recurring transfers will not be impacted.

    

3. Additional Services.  New services may be introduced for Online Banking from time to time. The Bank will notify you of the existence of these new services. By using these services when they become available, you agree to be bound by the rules that will be made available to you concerning these services.

IV.              Schedule of Fees

 The Bank offers the benefits and convenience of the Online Banking Service to you free.

V.               Statements

You will continue to receive your regular account statement either monthly or quarterly, depending on the type of account.

VI.             Use of Your Security Password

You are responsible for keeping your password and Online Account information confidential.  In order to protect yourself against fraud, you should adhere to the following guidelines:

• Do not give out your account information, Password, or User ID;

• Do not leave your PC unattended while you are in the Bank's Online Banking Site;

• Never leave your account information within range of others; and

• Do not send privileged account information (account number, Password, etc.) in any public or general e-mail system.

If you believe your password has been lost or stolen, or if you suspect any fraudulent activity on your account, call the Bank immediately at 507-346-9899 between the hours of 8:30 a.m. to 4:30 p.m., Monday through Friday.
Telephoning the Bank is the best way of minimizing your losses and liability. (See; Section XII)

If you believe your Password has been lost or stolen, please use the Password change feature within the Online Banking section of the Web site to change
your Password.

VII.             Electronic Mail (E-mail)

If you send the Bank an e-mail message, the Bank will be deemed to have received it on the following business day.  You should not rely on e-mail if you need to report an unauthorized transaction from one of your accounts or if you need to stop a payment that is scheduled to occur.

• NOTE: E-mail transmissions outside of the Online Banking site are not secure.  We advise you not to send us or ask for sensitive
  information such as account numbers, Password, account
  information, etc. via any general or public e-mail system. If you wish
  to contact us electronically, please use our home website at www.securitysbank.com. Use this secure form to e-mail the Bank regarding inquiries about an electronic funds transfer error resolution, reporting unauthorized transactions, or contacting the Bank regarding other concerns of a confidential nature.

VIII.            Linked Accounts

All accounts with the Bank that you enroll in a service will be linked by the first account number of the persons authorized to access the account. The linked accounts will appear together without regard to the ownership of the accounts. For example, if an authorized user of a linked account accesses the Service,
that authorized user will be able to view and access at a single time the
following accounts:

• the accounts of the business for which that person is an authorized user;

• the accounts of any other business for which that person is an
  authorized user; and

• any consumer accounts for which the person is a co-owner or
  authorized signer.

IX.              Business Accounts

If you are a business, any authorized user of your business is authorized on
such terms, conditions, and agreements as we may require to:

• enter into this Agreement, as amended from time to time;

• access each account of yours in any manner and for any purpose
  available through the Service, whether now available or available at some time in the future; and

• use any Online banking service in any manner and for any purpose available through the Service, whether now available or available at some time in the future.

X.               Term and Termination

1. Term. This Agreement will become effective on the Effective Date
   and shall remain in full force and effect until termination in accordance
   with the following provisions.

2. Termination for Cause. We may immediately terminate your electronic banking privileges without notice to you under the following
   circumstances:

   1.  you do not pay any fee required by this Agreement when due or

   2.  you do not comply with the agreement governing your deposit or loan accounts or your accounts are not maintained in good standing.

   We will promptly notify you if we terminate this Agreement or your use
   of the Services for any other reason.

    

3. Termination for Convenience. To terminate this Agreement, you
   must notify the Bank and provide your name, address, the Service(s)
   you are discontinuing, and the termination date of the Service(s).  You may notify the Bank by one of the following methods:

   • By calling 507-346-9899

   • By writing a letter and either sending it to the following
     address: Attention: Operations Center at Security State Bank, 100 South Broadway, P.O. Box 72, Spring Valley, MN  55975 or giving it to a Customer Service Representative at any of the Bank's locations.

We may convert your account to inactive status if you do not sign on to the Service or have any transaction scheduled through the Service during any consecutive 90 day period. If your account is considered inactive, you must contact us to have the Service activated before you will be able to schedule any transaction through the Service.

XI.              Electronic Fund Transfer Provisions For Consumers

1. Applicability. These provisions are only applicable to online electronic
   fund transfers, which credit or debit a consumer's checking, savings or other asset account and are subject to the Federal Reserve Board's Regulation E (an "EFT").  When applicable, the Bank may rely on any exceptions to these provisions which are contained in Regulation E. All terms that are not defined in this Agreement but which are defined in Regulation E shall have the same meaning when used in this section.

2. Your Liability. The following determines your liability for any unauthorized EFT or any series of related unauthorized EFTs:

   1.        If you notify the Bank within two (2) business days after your password was lost or stolen, your liability will not exceed $50.00 or the amount of the unauthorized EFTs that occur before notification,
   whichever is less

   2.        If you fail to notify the Bank within two (2) business days after
   your password was lost or stolen, your liability will not exceed the lesser of $500.00 or the total of:

   ·         $50.00 or the amount of unauthorized EFTs that occur within the two (2) business days; and

   ·         the total of authorized EFTs which occur during the two (2) days before notification to the Bank, provided the Bank establishes that these EFTs would not have occurred had the Bank been notified
   within that two-day period.

   3.        You must  report an unauthorized EFT which appears on your periodic statement, no later than 60 days of transmittal of the statement
   to avoid liability for subsequent transfers.  Your liability will not exceed
   the amount of the unauthorized EFTs that occurred with the 60-day
   period. You may also be liable for the amounts as described in sections
   1 and 2 above.

   4.        If the report is made orally, we will require that you send the complaint or question in writing within 20 business days. We will notify you with the results of the investigation within 10 business days and will correct any error promptly. If more time is needed, however, we may take up to 45 days to investigate a complaint or question. If this occurs, we will credit your account within 10 business days for the amount you think is in error. This will allow you to use the money during the time it takes us to complete our investigation. If your complaint or question is not received in writing within 10 business days, we may not credit your account until the investigation is completed. If an alleged error involves an electronic fund transfer outside a state or territory or possession of the United States, the applicable time periods for action by us are 20
   business days (instead of 10) and 90 calendar days (instead of 45). If we determine that no error occurred, we will send you a written explanation within three business days after the investigation is complete. You may request copies of the documents that were used in the investigation.

   5.        You may notify the Bank by telephone, writing, or by email using our home website at www.securitysbank.com. Notification by
   general e-mail to report an unauthorized transaction is not secure and therefore not advised.

    

3.  Telephone Numbers and Addresses. In case of errors or questions regarding an Online Banking transaction, call 507-346-9899 or write us at: Attn: Operations Center, Security State Bank, 100 South Broadway, P.O. Box 72, Spring Valley, MN  55975.

   We must hear from you at the telephone number or address, listed
   above, no later than 60 days after we sent you the FIRST statement on which the problem or error appeared. We will need:

   1.    Your name and account number

   2.    A description of the error or the transfer in question and an explanation concerning why you believe it is an error or need more information

   3.   The dollar amount of the suspected error and date on which
   it occurred.

XII.             Liability

1. Our Liability. This section explains our liability to you only to the extent that any other agreements, notices or disclosures have not separately disclosed our liability. In no event shall we be liable to you for failure to provide access to your Online Banking accounts. Unless otherwise required by applicable law, we are only responsible for performing the Online Banking services as delineated in this Agreement. We will be
   liable for the amount of any material losses or damages incurred by you and resulting directly from our gross negligence.

   We will not be liable to you in the following instances:

   1.      If through no fault of the Bank, you do not have enough money in your account to make the transfer.

   2.      If circumstances beyond our control (such as fire, flood, power outage, equipment or technical failure or breakdown) prevents the
   transfer despite reasonable precautions that we have taken.

   3.      If there is a hold on your account, or if access to your account is blocked, in accordance with banking policy.

   4.      If your funds are subject to a legal proceeding or other
   encumbrance restricting the transfer.

   5.      If your transfer authorization terminates by operation of law.

   6.      If you believe someone has accessed your accounts without your permission and you fail to notify the Bank immediately.

   7.      If you have not properly followed the instructions on how to make a transfer included in this Agreement.

   8.      If we have received incomplete or inaccurate information from you
   or a third party involving the account or transfer.

   9.      If we have a reasonable basis for believing that unauthorized use of your Password or account has occurred or may be occurring or if you default under this Agreement, the deposit account agreement, a credit agreement or any other agreement with us, or if we or you terminate this Agreement.

    

   IN NO EVENT SHALL WE HAVE ANY LIABILITY TO YOU OR ANY THIRD PARTY FOR ANY INDIRECT, SPECIAL OR CONSEQUENTIAL DAMAGES RESULTING FROM OR ARISING OUT OF THIS AGREEMENT.

    

2. Indemnification. You agree to indemnify, defend and hold us, our affiliate companies, directors, officers, employees and agents harmless against any third party claim, demand, suit, action or other proceeding and any expenses related to an Online Banking account.

3. Third Parties.  We are not liable for any loss or liability resulting from any failure of your equipment or software, or that of an internet browser
   provider such as Netscape (Netscape Navigator browser) or Microsoft (Microsoft Explorer browser), by an internet access provider, or by an online service provider, nor will we be liable for any direct, indirect,
   special or consequential damages resulting from your access to or failure to access an Online Banking.

    

4.  Virus Protection. The Bank is not responsible for any electronic virus or viruses that you may encounter. We suggest that you routinely scan
   your PC using a virus protection product. An undetected virus may
   corrupt and destroy your programs, files, and your hardware.

XIII.            General Terms and Conditions

1. Bank Agreements. In addition to this Agreement, you and the Bank
   agree to be bound by and comply with the requirements of the
   agreements applicable to each of your Online Accounts. Your use of the Online Banking Service is your acknowledgment that you have received these agreements and intend to be bound by them. You should review other disclosures including the charges that may be imposed for
   electronic funds transfers or the right to make transfers listed in the fee schedules accompanying those disclosures and the fee schedule contained in this Agreement.

2. Changes and Modifications. The Bank may modify the terms and conditions applicable to the Services from time to time. We may send
   any notice to you via e-mail and you will have to be deemed to have received it three days after it is sent. The revised terms and conditions shall be effective at the earliest date allowed by applicable law. We
   reserve the right to terminate this Agreement and your use of the
   Services in whole or in part at any time without prior notice.

3.  Assignment. We may assign this Agreement to an affiliate of the Bank
   or any successor in interest in the event of a merger, reorganization, change of control, acquisition or sale of all or substantially all assets of
   the business to which this Agreement is related without the other party's prior written consent.

4. Notices. Unless otherwise required by applicable law, any notice or
   written communication given pursuant to this Agreement, may be sent to you electronically.

5. Disclosure of Information. We will only disclose information to third
   parties about your account or transfers you make under the following circumstances:

   ·        where it is necessary for the provision of Online Banking and for completing transfers;

   ·        in order to verify the existence and condition of your account for a
   third party, such as a credit bureau or merchant;

   ·        in order to comply with government or court orders, or other reporting requirements;

   ·        if you give us your permission;

   ·        to the Bank affiliated companies.

    

6. Governing Law. This Agreement is governed by the laws of the State of Minnesota and applicable federal law.