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SOW #1- SCHEDULE 4.0 <br />POSTAGE PAYMENT <br />4.1 Postage Payment. If Client presents mail that requires PBPS to pay the USPS for postage on Client's behalf, Client <br />will maintain a postage deposit or otherwise pay for such postage in advance of processing, using the method <br />described below. <br />4.2 Initial Payment. Client shall provide an advance postage payment equal to an estimated one (1) months' worth of <br />postage before submitting permit, 5-Digit or unmetered mail for the first time under this SOW. <br />4.3 Payment Process. In addition to the initial payment, Client shall provide a postage payment for each month job <br />sufficient to cover the estimated postage to be used during the following month job. Postage payment may be made <br />by: <br />4.3.1 Client initiated payment to PBPS; or <br />4.3.2 Client authorization for PBPS to withdraw from Client's designated bank account <br />Unless otherwise agreed by the parties in advance, such postage payment shall be made via electronic transfer. Client <br />will receive a postage statement of postage charges and payment receipts for reconciliation purposes. Any shortage <br />ofpostage funds received will be -,paid by Client with the next regular postage payment (but in any event no more <br />than thirty days after service) and any excess postage funds received may be deducted from the next postage <br />payment.' <br />4.4 Interest. PBPS shall not be required to pay any interest to Client on such postage funds received. Interest paid or <br />fees charged by gny banking entity, shallbe between Client and the banking entity. <br />4.5 <br />4.6 <br />sSOW PBPS shall return any excess funds to Client after all Fees <br />to PBPS by Client. <br />J MAINTAIN THE POSTAGE PAYMENTS AT THE THEN <br />)IATELY SUSPEND ITS PERFORMANCE UNDER THIS SOW <br />. (i) HOLD CLIENT'S MAIL UNTIL PAYMENT IS RECEIVED <br />IIIE EVENT THAT CLIENT'S POSTAGE FUND BALANCE IS <br />CONSECUTIVE DAYS, ON THE FOURTH DAY AND EACH <br />CONTINUES TO BE NEGATIVE, CLIENT SHALL PAY A <br />D ONE -QUARTER OF A PERCENT (r/4%) OF THE NEGATIVE <br />) $2500 PER DAY, OR THE MAXIMUM AMOUNT ALLOWED <br />Page 8 of 10 <br />Proprietary and Confidential Lrfonnation <br />PBPS Contract Management Rev Oct 2018 <br />