Loans

The following is a summary of the basics of Savings Plan loan requirements:

• You must be an employee to request a loan.
• You generally may obtain two new loans in a given calendar year.
• Loans are funded from the assets of the Savings Plan, with your individual account serving as collateral.
• You may have up to three loans outstanding at a time.
• A one-time $75 non-refundable loan initiation fee applies for each loan taken.
• You may elect 12 - 60 months to repay each loan.
• Your minimum loan amount is $1,000. The maximum loan amount is subject to limitations described in the ‘Loan Amounts’ section below.
• You may not initiate a new loan if you are delinquent on payments for an existing loan.

Loan amounts

The minimum loan amount is $1,000. The maximum you may borrow is the lesser of the following amounts:

• 50% of the market value of your vested Savings Plan Account balance, minus any existing loan amounts; or
• $50,000 reduced by your highest outstanding loan balance during the prior 12 months.

The current interest rate for plan loans is provided under the “Account” tab on the Savings Plan Internet site at https://xomsavings.voya.com. Participants can also obtain the current interest rate on plan loans by contacting a Customer Service Associate via the STS.

Examples:

	Example 1 $80,000 Vested Savings Plan Account Balance	Example 2 $110,000 Vested Savings Plan Account Balance
If you have no outstanding loans in the past 12 months you may borrow up to:	50% or $ 40,000	$ 50,000
If your highest outstanding loan balance in the past 12 months was:	$ 15,000	$ 15,000
And/or, if your current loan balance is:	$ 10,000	$ 10,000
You may borrow only up to:	$ 30,000	$ 35,000

Frequency and number of loans

You are allowed up to three outstanding loans at one time, with no more than two new loans granted in a given calendar year.

Loan Initiation fee

You will be charged a one-time $75 non-refundable loan initiation fee will be taken from your account for each loan you request.

Repaying your loan

You may elect a period of 12 to 60 months to repay your loan through payroll deductions. Your loan payments via payroll deduction will begin automatically as soon as possible following loan issuance. If the payroll deduction is not taken for any reason or is insufficient to cover the repayment amount, you are still liable for such payment directly to the Trustee, by personal check or money order. Each installment includes payment of principal and interest on the loan. Interest is paid to the Savings Plan and is part of Common Assets earnings. If you wish, you may prepay all or part of your loan balance at any time. You may repay your loan in full with a cashier's or certified check. Any partial loan repayment can be made by check and may reduce the length of the repayment period, but it will not reduce the monthly installment amount. A loan payment must be received each month.

You may call the STS (Savings Plan Telephone Service) or access the website to obtain loan payoff information.

Loan collateral

When you borrow money from the Savings Plan, the assets in your Savings Plan Account serve as collateral for the loan. When you have an outstanding loan, withdrawals/distributions that will reduce the collateral value below the amount of your outstanding loan balance will be restricted.

If you default on a loan, the assets in your Savings Plan Account will be reduced by the outstanding loan balance at the time of default. This amount may be treated as a taxable distribution and may be subject to an additional 10% tax. See the Tax considerations section for more information. After your loan is declared in default, you will not be able to take out a new loan for five years from the date of default.

Initial payment

Participants may elect loan disbursements via paper check or EFT.