BidGeorgia is a convenient means for the Office of the State Treasurer ("OST") to invest in certificates of deposit ("CDs") with Georgia banks. The program is designed to provide eligible banks with the opportunity to compete for State of Georgia funds each quarter to be invested in CDs maturing in six and twelve months.

Bids can only be offered online at www.BidGeorgia.com. The 6-month CD auction will begin at 9:30 a.m. and end at 10:00 a.m., and the 12-month CD auction will begin at 10:00 a.m. and end at 10:30 a.m.

The amount of funds offered in each auction will be determined by the Office of the State Treasurer prior to each auction and posted at www.BidGeorgia.com.

• BidGeorgia is open to all Covered Depositories participating in the Georgia Secure Deposit Program. Bidders must register on the BidGeorgia web site. To register, bidders should go to www.BidGeorgia.com and click on registration. Upon completion of the registration requirements, bidders will be required to enter a password, and will be assigned an ID number. Registration is only required initially and not for each auction.

OST reserves the right to reject any or all bids.

• The minimum bid is $100,000. Bids may increase in increments of $100,000 to a maximum of $25,000,000 per bank, across all CD tranches.
• The total cumulative exposure, including all BidGeorgia CDs is limited to 125% of the bank's total equity capital.
• Settlement date is the first business day following the auction and will be displayed on the auction page.
• The maturity dates (6 months and 12 months) will be displayed on the auction page. Settlement occurs on the maturity date.
• CDs in excess of the FDIC deposit insurance coverage limit must be secured by the Georgia Secure Deposit Program (SDP).
• If qualified bids submitted in the same auction by the same or different bidders result in a tie, the first bid submitted prevails. Any change to a bid constitutes a new bid.
• Winning bidders must confirm [settlement instructions] for their award per the instructions on the Settlement Page immediately after the auction ends.

• Interest on CDs will be calculated on an Actual/360-day basis.
• CDs will be book-entry in the name of Georgia Office of the State Treasurer.
• Transactions will be completed by ACH.
• Should an unforeseen event arise, the Office of the State Treasurer reserves the right to redeem the CD with 30 days' notice.
• At the maturity of a CD, the ABA and account number provided will be used to debit the bank for the entire proceeds, including principal and interest.
• Completion of the ACH information on the Settlement Page represents each winning bidder's authorization for the account debit and credit the account.

• Grant Street Group will contact interested institutions to schedule training on how to use the BidGeorgia online auction platform. There is no charge for the training.

• In order to facilitate the CD auction process OST has contracted with Grant Street Group to utilize its online platform to purchase CDs.
• Office of the State Treasurer reserves the right to reject any BidGeorgia bid for any reason. Office of the State Treasurer also reserves the right to award a portion of a bank's bid subject to the minimum and multiple amounts described above.
• If an SDP member bank is no longer a participant in the SDP, the bank will be required to post a Federal Home Loan Bank letter of credit as collateral at 100% of the deposit.
• Bidders who submit a bid on the Auction Page by clicking the 'Submit Bid' button must confirm that bid by clicking the 'Yes, Submit Bid' button on the Confirmation Page. A bidder submitting a winning bid is irrevocably obligated to provide the CD at the specified rate, amount, and maturity. The bidder understands that an award has not been made until posted on the Results Page on the BidGeorgia site. Discrepancies should be reported to Grant Street at 412-391-4050 within 15 minutes of the posting of the Results Page.
• Bids that generate error messages are not accepted until the error is corrected and the bid is resubmitted. Error messages will indicate the reason for the error, e.g. the bidder has entered a bid that is lower than the minimum bid requirement.
• The bidder understands that the submitted bid may initially be a leading bid but may be replaced by other more competitive bids throughout the auction. Bidders will know immediately if their bid continues to be a winning bid by updating their bids. A bid's status when "in the money" may change at any given time due to new bids by other bidders. It is the responsibility of the bidder to update his or her bid status. There is no limit to the number of times a bid may be updated.

• Bidder accepts and agrees to abide by all terms and conditions specified in the Guidelines.