Common use of ALL OTHER EXCHANGES TO A COMPANION INVESTMENT OPTION Clause in Contracts

ALL OTHER EXCHANGES TO A COMPANION INVESTMENT OPTION. Nationwide will allow exchanges initiated in accordance with an asset allocation model provided that the percentage of any affected Participant’s assets with respect to this Contract is unchanged. These exchanges will be processed within three Business Day via electronic means acceptable to Nationwide and three Business Days following receipt in the required format of Written Communications. By providing Written Communication or permitting a Third Party Asset Manager to initiate such transactions on the Internet, the Contract Owner certifies that such transactions are permitted under the Plan. Exchanges initiated by a Third Party Asset Manager due to a change in the percentage allocation of a Participant’s balance will be done at Book Value provided that such transactions do not exceed the Book Value Limit For Third Party Asset Manager Exchanges specified on the Contract Specifications Page(s), Any exchanges in excess of this amount will require the mutual consent of the Contract Owner and Nationwide, and may require that the amount withdrawn be adjusted by a Market Value Adjustment Factor. Should a market value adjustment apply, the market value of the Withdrawal is equal to the amount withdrawn multiplied by the market value adjustment factor as specified on the Contract Specifications Page(s). Any other exchanges out of this Contract which are not Participant directed will require the mutual consent of both Nationwide and the Contract Owner. Exchanges may be subject to limitations imposed by the Companion Investment Option, if applicable. (Continued)