Automatic Deposit Authorization

I authorize August Real Estate Investment (August REI) to initiate Automatic Clearing House (ACH) credits to my designated bank account at the financial institution identified below. This authorization pertains to my Contract Collection/Escrow Account with August REI. I understand that there is a transit time of two (2) business days for the transfer of funds from August REI to the financial institution (if the date falls on a weekend or holiday, funds will be credited the following business day). This authorization is to remain in force until August REI has received written notification from me of a change or termination allowing no fewer than five (5) days for August REI to act. August REI may discontinue this service at its discretion after providing written notification thirty (30) days in advance or immediately upon credit return from my bank. August REI shall not be required to provide advanced notice when advanced notice is impossible. I authorize August REI to recover funds in the event of an error or in the event that the Account Payer’s funds are returned for any reason, including non-sufficient funds. I authorize August REI to release to the financial institution information that may be required to recover any erroneous funds transfers.

By signing below, I certify that I am the owner of the above referenced bank account with the authority to authorize the requested Automatic Clearing House (ACH) credits.

When returning this agreement, please include a voided check to ensure accuracy.

Changes to existing ACH credit authorizations will not be processed without a completed Automatic Deposit Authorization form AND a verbal verification with an August REI agent.

August may delay the disbursement of funds in the amount of $5,000.00 or greater, or any amount in accordance with its Payments Policy, for up to ten (10) days.

PO Box 496644 ● Garland, TX 75049 ● Tel: 972.767.9219 ● Efax: 888.475.4103 info@augustrei.com ● www.augustrei.com