Common use of Xxxxxxxx and FDIC Insurance Clause in Contracts

Xxxxxxxx and FDIC Insurance. Risks of the Program Your funds intended for deposit into the Program must be placed through an account at SoFi Bank and cannot be placed directly by you with any of the Receiving Banks. Once in the Program, your Program Deposits will be allocated to omnibus Deposit Accounts maintained at the Receiving Banks held in the name of "Stable Custody Group II LLC, as Agent, for the Exclusive Benefit of its DDM Participating Institutions, as Agent, for the Exclusive Benefit of its DDM Customers, Acting for Themselves and/or Acting in a Fiduciary Capacity for Others” or a similar name that preserves the eligibility of Program Deposits for pass-through FDIC insurance. Your Program Deposits are placed by SoFi Bank and the Custodian Bank (as defined below), acting in a custodial capacity, into Deposit Accounts at the Receiving Banks to provide you with up to $250,000 of FDIC insurance per Receiving Bank, subject to certain limitations and exceptions as described herein, and further subject to an overall limit of $2.0 million for each legal category of account ownership (including your balances that are retained at SoFi Bank). The $250,000 limit (i.e., the SMDIA) includes your principal and accrued interest, when aggregated with all other deposits held by you directly, or indirectly through others including broker-dealers, in the same recognized legal category of account ownership at the same Receiving Bank. FDIC deposit insurance protects you against the loss of your insured deposits in the event a Receiving Bank fails. FDIC deposit insurance is backed by the full faith and credit of the United States. K"íi⭲g tkc b"si⭲css daQ wkc⭲ Qo"í Píogíam Kcposits aíc tía⭲srcíícd a⭲d bci⭲g dcpositcd i⭲to tkc Píogíam, Qo"í r"⭲ds will bc kcld roí a limitcd amo"⭲t or timc i⭲tíadaQ at tkc C"stodia⭲ Ba⭲k píioí to bci⭲g allocatcd a⭲d distíib"tcd amo⭲g otkcí Rccci:i⭲g Ba⭲ks. O⭲cc distíib"tcd ríom tkc C"stodia⭲ Ba⭲k a⭲d íccci:cd bQ tkc Rccci:i⭲g Ba⭲ks, tkc r"⭲ds will bc i⭲s"ícd roí "p to tkc $2 millio⭲ Píogíam limit. Stablc kas adoptcd píoccd"ícs a⭲d co⭲tíols dcsig⭲cd to c⭲s"íc tkc mo:cmc⭲t or r"⭲ds i⭲ a timclQ ma⭲⭲cí cack b"si⭲css daQ a⭲d cxpccts tkat, so lo⭲g as Qo"í r"⭲ds aíc sc⭲t to tkc C"stodia⭲ Ba⭲k píioí to tkc íclc:a⭲t c"t-xxx timc roí tkat C"stodia⭲ Ba⭲k, tkc C"stodia⭲ Ba⭲k will sc⭲d Qo"í r"⭲ds to tkc otkcí Rccci:i⭲g Ba⭲ks bQ tkc closc or b"si⭲css cack b"si⭲css daQ. Howc:cí, i⭲ tkc c:c⭲t or a rail"íc or wiíc tía⭲srcí sQstcms oí comm"⭲icatio⭲ racilitics, rail"íc bQ tkc C"stodia⭲ Ba⭲k to íccci:c tkosc r"⭲ds píioí to tkc c"t-xxx timc roí tkat C"stodia⭲ Ba⭲k oí otkcí ca"scs bcQo⭲d Stablc’s ícaso⭲ablc co⭲tíol, ícs"lti⭲g i⭲ Qo"í r"⭲ds ⭲ot bci⭲g sc⭲t to tkc otkcí Rccci:i⭲g Ba⭲ks i⭲ a timclQ ma⭲⭲cí a⭲d ícmai⭲ kcld at tkc C"stodia⭲ Ba⭲k, Qo"í r"⭲ds co"ld, to tkc cxtc⭲t tkcQ cxcccd tkc c"ííc⭲t SMKIA, bc "⭲i⭲s"ícd "⭲til tkc ⭲cxt b"si⭲css daQ. If you have money that is deposited at a Receiving Bank outside the Program (including indirectly through an intermediary, such as a broker-dealer), this may negatively impact the availability of FDIC insurance for the total amount of your funds held at that Receiving Bank. If your deposits at a Receiving Bank, in aggregate, exceed the then current SMDIA, the excess funds are not covered by FDIC deposit insurance. SoFi Bank, the Receiving Banks and Stable are unaware of your funds outside of the Program. As a result, those funds will not be taken into account when allocating your funds to a particular Receiving Bank. For example, the current SMDIA is $250,000 and if you have a non-Program deposit account at Bank A of $200,000 and you also have $60,000 in Program Deposits placed at that same bank in the same legal category of account ownership, only $250,000 of your $260,000 is insured by the FDIC. In this example, the remaining $10,000 is not insured by the FDIC and you may not receive those funds back in the event that bank fails and enters into receivership. You are solely responsible for monitoring your deposits in Receiving Banks outside of the Program. You should review the list of Receiving Banks carefully. The list of Receiving Banks may change from time to time, and the most recent list is available at xxxx://xxx.xxxx.xxx/banking/fdic/receivingbanks. SoFi Bank and Stable do not have any obligation to monitor your account or make recommendations about, or changes to, the Program that might be beneficial to you. As interest rates and other factors change, it may be in your financial interest to change your deposit instructions. Once funds of customers are allocated, neither Stable nor SoFi Bank will be able to modify the selection of Receiving Banks due to the needs of any particular customer. If you are not comfortable with placing your funds in any of the Receiving Banks, you are solely responsible for withdrawing your funds from the Program. In the event that a Receiving Bank that holds your Program Deposits fails (or in the event Sofi Bank fails, with respect to any funds held at SoFi Bank), payments of principal plus unpaid and accrued interest up to the then current SMDIA per legal category of account ownership will be made to you by the FDIC in accordance with its standard procedures. Although the FDIC normally makes these payments within a few days of taking possession of a bank as receiver, there is no specific time period during which the FDIC must make insurance payments available. Accordingly, you may not be able to access your funds deposited at a Receiving Bank for an extended period of time following a Receiving Bank failure (or at SoFi Bank in the event of a failure of SoFi Bank). Furthermore, you may be required to provide certain documentation to the FDIC before insurance payments are made. Although Stable, as agent of SoFi Bank, may submit a claim on your behalf in the event that a Receiving Bank fails and enters into Receivership, you may be required to file and pursue a claim on your own behalf in the event of a Receiving Bank entering into receivership. In the event that a Receiving Bank enters into receivership, neither SoFi Bank nor Stable is obligated to provide you with funds equal to the amount of your balances deposited at the Receiving Bank during the pendency of the receivership. Your account ownership will be evidenced by an entry on records maintained by SoFi Bank for each of the Receiving Banks at which your funds are on deposit. You will not be issued any evidence of ownership of a Program Deposit account, such as a passbook or certificate.

Xxxxxxxx and FDIC Insurance. Risks of the Program Your funds intended for deposit into the Program must be placed through an your account at SoFi Green Dot Bank and cannot be placed directly by you with any of the Receiving BanksInstitutions. Once in the Program, your Program Deposits will be allocated to omnibus Deposit Accounts maintained at the Receiving Banks Institutions held in the name of "Stable Custody Group II LLC, as Agent, for the Exclusive Benefit of its DDM Participating Institutions, as Agent, for the Exclusive Benefit of its DDM Customers, Acting for Themselves and/or Acting in a Fiduciary Capacity for Others” or a similar name that preserves the eligibility of Program Deposits for pass-through FDIC insurance. See Section III.I, Allocations to Receiving Institutions. Your Program Deposits are placed by SoFi Bank and the Custodian Bank (as defined below), acting in a custodial capacity, swept into Deposit Accounts accounts at the Receiving Banks Institutions to provide you with access of up to the then current SMDIA, currently $250,000 250,000, of FDIC insurance per Receiving BankInstitution, subject to certain limitations and exceptions as described herein, and further subject to an overall limit of $2.0 million for each legal category of account ownership (including your balances that are retained at SoFi Bank). The $250,000 SMDIA limit (i.e., the SMDIAcurrently $250,000) includes your principal and accrued interest, when aggregated with all other deposits held by you directly, or indirectly through others including broker-dealersothers, in the same recognized legal category of account ownership at the same Receiving BankInstitution. FDIC deposit insurance protects you against the loss of your insured deposits in the event a Receiving Bank Institution fails. FDIC deposit insurance is backed by the full faith and credit of the United States. K"íi⭲g tkc b"si⭲css daQ wkc⭲ Qo"í Píogíam Kcposits aíc tía⭲srcíícd a⭲d bci⭲g dcpositcd i⭲to tkc Píogíam, Qo"í r"⭲ds will bc kcld roí a limitcd amo"⭲t or timc i⭲tíadaQ at tkc C"stodia⭲ Ba⭲k píioí to bci⭲g allocatcd a⭲d distíib"tcd amo⭲g otkcí Rccci:i⭲g Ba⭲ks. O⭲cc distíib"tcd ríom tkc C"stodia⭲ Ba⭲k a⭲d íccci:cd bQ tkc Rccci:i⭲g Ba⭲ks, tkc r"⭲ds will bc i⭲s"ícd roí "p to tkc $2 millio⭲ Píogíam limit. Stablc kas adoptcd píoccd"ícs a⭲d co⭲tíols dcsig⭲cd to c⭲s"íc tkc mo:cmc⭲t or r"⭲ds i⭲ a timclQ ma⭲⭲cí cack b"si⭲css daQ a⭲d cxpccts tkat, so lo⭲g as Qo"í r"⭲ds aíc sc⭲t to tkc C"stodia⭲ Ba⭲k píioí to tkc íclc:a⭲t c"t-xxx timc roí tkat C"stodia⭲ Ba⭲k, tkc C"stodia⭲ Ba⭲k will sc⭲d Qo"í r"⭲ds to tkc otkcí Rccci:i⭲g Ba⭲ks bQ tkc closc or b"si⭲css cack b"si⭲css daQ. Howc:cí, i⭲ tkc c:c⭲t or a rail"íc or wiíc tía⭲srcí sQstcms oí comm"⭲icatio⭲ racilitics, rail"íc bQ tkc C"stodia⭲ Ba⭲k to íccci:c tkosc r"⭲ds píioí to tkc c"t-xxx timc roí tkat C"stodia⭲ Ba⭲k oí otkcí ca"scs bcQo⭲d Stablc’s ícaso⭲ablc co⭲tíol, ícs"lti⭲g i⭲ Qo"í r"⭲ds ⭲ot bci⭲g sc⭲t to tkc otkcí Rccci:i⭲g Ba⭲ks i⭲ a timclQ ma⭲⭲cí a⭲d ícmai⭲ kcld at tkc C"stodia⭲ Ba⭲k, Qo"í r"⭲ds co"ld, to tkc cxtc⭲t tkcQ cxcccd tkc c"ííc⭲t SMKIA, bc "⭲i⭲s"ícd "⭲til tkc ⭲cxt b"si⭲css daQ. If you have money that is deposited Separate Deposits at a Receiving Bank outside the Program (including indirectly through an intermediary, such as a broker-dealer)Institution, this may negatively impact the availability of FDIC insurance for the total amount of your funds held at that Receiving BankInstitution. If the aggregate sum of your deposits at (i.e., Separate Deposits plus any Program Deposits) in a Receiving Bank, in aggregate, exceed Institution exceeds the then current SMDIASMDIA of such Receiving Institution, the excess funds are not covered by the FDIC deposit insurance. SoFi Green Dot Bank, the Custodian Bank, the Receiving Banks Institutions and Stable are unaware of your funds outside of the Program. As a result, those these funds will not be taken into account when allocating your funds to a particular Receiving BankInstitution. You are solely responsible for monitoring your deposits in Receiving Institutions outside of the Program. You should review the list of Receiving Institutions carefully. The list of Receiving Institutions may change from time to time. The most recent list is available at xxxxx://xxxxxxxxxx.xxxxxx.xxx/learn-support/en-us/help-article/bank-accounts/fdic-insurance-limit-quickbooks- checking-money/L7QdcqLQN_US_en_US?uid=lhtmrieo. Once your funds are placed in the Program, you cannot request that a specific Receiving Institution on the list be ‘excluded’ from receiving your funds. Accordingly, if you do not want one or more of the institutions on the list of Receiving Institutions to receive your funds, then you should not place your funds in the Program. In particular, if you have existing balances at one of the Receiving Institutions on the list, there is a risk that all or portion of your funds allocated to such Receiving Institution by the Program will not be FDIC insured. See Section II, Risks of the Program. For example, if the then current SMDIA is $250,000 and if you have a non-Program deposit account at Bank A of $200,000 and you also have $60,000 in the Program Deposits placed account at that the same bank in the same legal category of account ownership, only $250,000 of your $260,000 is insured by the FDIC. In this example, the remaining $10,000 is not insured by the FDIC and you may not receive those funds back in the event that bank fails and enters into receivership. You are solely responsible for monitoring your deposits in Receiving Banks outside of the Program. You should review the list of Receiving Banks carefully. The list of Receiving Banks may change from time to time, and the most recent list is available at xxxx://xxx.xxxx.xxx/banking/fdic/receivingbanks. SoFi Bank and Stable do not have any obligation to monitor your account or make recommendations about, or changes to, the Program that might be beneficial to you. As interest rates and other factors change, it may be in your financial interest to change your deposit instructions. Once funds of customers are allocated, neither Stable nor SoFi Bank will be able to modify the selection of Receiving Banks due to the needs of any particular customer. If you are not comfortable with placing your funds in any of the Receiving Banks, you are solely responsible for withdrawing your funds from the ProgramFDIC-insured. In the event that a Receiving Bank Institution that holds your Program Deposits fails (or in the event Sofi Bank fails, with respect to any funds held at SoFi Bank), payments of principal plus unpaid and accrued interest up to the then current SMDIA per legal category of account ownership will be made to you by the FDIC in accordance with its standard proceduresyou. Although the FDIC normally makes these payments within a few days of taking possession of a bank Receiving Institution as receiver, there is no specific time period during which the FDIC must make insurance payments available. Accordingly, you may not be able to access your funds deposited at a Receiving Bank for an extended period of time following a Receiving Bank failure (or at SoFi Bank in the event of a failure of SoFi Bank). Furthermore, you may be required to provide certain documentation to the FDIC before insurance payments are made. Although Stable, as agent of SoFi Bank, may submit a claim on your behalf in the event that a Receiving Bank fails and enters into Receivership, you may be required to file and pursue a claim on your own behalf in the event of a Receiving Bank entering into receivership. In the event that a Receiving Bank enters into receivership, neither SoFi Bank nor Stable is obligated to provide you with funds equal to the amount of your balances deposited at the Receiving Bank during the pendency of the receivership. Your account ownership will be evidenced by an entry on records maintained by SoFi Green Dot Bank for each of the Receiving Banks Institutions at which your funds are on deposit. You will not be issued any evidence of ownership of a Program Deposit account, such as a passbook or certificate. However, Green Dot Bank will provide you with a summary of all Program deposits and withdrawals, the name of each Receiving Institution that holds your Program Deposits, deposit balance(s) and interest rate either on your periodic statements, via an online portal, upon request, or a combination thereof.

Xxxxxxxx and FDIC Insurance. Risks of the Program Your funds intended for deposit into the Program must be placed through an account at SoFi Bank and cannot be placed directly by you with any of the Receiving Banks. Once in the Program, your Program Deposits will be allocated to one or more omnibus Deposit Accounts maintained at the Receiving Banks held in the name of "Stable Custody Group II LLC, as Agent, for the Exclusive Benefit of its DDM Participating Institutions, as Agent, for the Exclusive Benefit of its DDM Customers, Acting for Themselves and/or Acting in a Fiduciary Capacity for Others” or a similar name that preserves the eligibility of Program Deposits for pass-through FDIC insurance. Your Program Deposits are placed by SoFi Bank and the Custodian Bank (as defined below), acting in a custodial capacity, into one or more Deposit Accounts at the Receiving Banks to provide you with up to $250,000 of FDIC insurance per legal category of account ownership per Receiving Bank, subject to certain limitations and exceptions as described herein, and further subject to an overall limit of $2.0 million for each legal category of account ownership (including your balances that are retained at SoFi Bank). The $250,000 limit (i.e., the SMDIA) includes your principal and accrued interest, when aggregated with all other deposits held by you directly, or indirectly through others including broker-dealers, in the same recognized legal category of account ownership at the same Receiving Bank. FDIC deposit insurance protects you against the loss of your insured deposits in the event a Receiving Bank fails. FDIC deposit insurance is backed by the full faith and credit of the United States. K"íi⭲g tkc b"si⭲css daQ wkc⭲ Qo"í Píogíam Kcposits aíc tía⭲srcíícd a⭲d bci⭲g dcpositcd i⭲During the business day when your Program Deposits are transferred and being deposited into the Program, your funds will be held for a limited amount of time intraday at the Custodian Bank prior to tkc Píogíambeing allocated and distributed among other Receiving Banks. Once distributed from the Custodian Bank and received by the Receiving Banks, Qo"í r"⭲ds the funds will bc kcld roí a limitcd amo"⭲t or timc i⭲tíadaQ at tkc C"stodia⭲ Ba⭲k píioí be insured for up to bci⭲g allocatcd a⭲d distíib"tcd amo⭲g otkcí Rccci:i⭲g Ba⭲ks. O⭲cc distíib"tcd ríom tkc C"stodia⭲ Ba⭲k a⭲d íccci:cd bQ tkc Rccci:i⭲g Ba⭲ks, tkc r"⭲ds will bc i⭲s"ícd roí "p to tkc the $2 millio⭲ Píogíam million Program limit. Stablc kas adoptcd píoccd"ícs a⭲d co⭲tíols dcsig⭲cd Stable has adopted procedures and controls designed to c⭲s"íc tkc mo:cmc⭲t or r"⭲ds i⭲ ensure the movement of funds in a timclQ ma⭲⭲cí cack b"si⭲css daQ a⭲d cxpccts tkattimely manner each business day and expects that, so lo⭲g long as Qo"í r"⭲ds aíc sc⭲t your funds are sent to tkc C"stodia⭲ Ba⭲k píioí the Custodian Bank prior to tkc íclc:a⭲t c"tthe relevant cut-xxx timc roí tkat C"stodia⭲ Ba⭲koff time for that Custodian Bank, tkc C"stodia⭲ Ba⭲k the Custodian Bank will sc⭲d Qo"í r"⭲ds send your funds to tkc otkcí Rccci:i⭲g Ba⭲ks bQ tkc closc the other Receiving Banks by the close of business each business day. However, in the event of a failure of wire transfer systems or b"si⭲css cack b"si⭲css daQ. Howc:cícommunication facilities, i⭲ tkc c:c⭲t failure by the Custodian Bank to receive those funds prior to the cut-off time for that Custodian Bank or other causes beyond Stable’s reasonable control, resulting in your funds not being sent to the other Receiving Banks in a rail"íc or wiíc tía⭲srcí sQstcms oí comm"⭲icatio⭲ raciliticstimely manner and remain held at the Custodian Bank, rail"íc bQ tkc C"stodia⭲ Ba⭲k to íccci:c tkosc r"⭲ds píioí to tkc c"t-xxx timc roí tkat C"stodia⭲ Ba⭲k oí otkcí ca"scs bcQo⭲d Stablc’s ícaso⭲ablc co⭲tíol, ícs"lti⭲g i⭲ Qo"í r"⭲ds ⭲ot bci⭲g sc⭲t to tkc otkcí Rccci:i⭲g Ba⭲ks i⭲ a timclQ ma⭲⭲cí a⭲d ícmai⭲ kcld at tkc C"stodia⭲ Ba⭲k, Qo"í r"⭲ds co"ldyour funds could, to tkc cxtc⭲t tkcQ cxcccd tkc c"ííc⭲t SMKIAthe extent they exceed the current SMDIA, bc "⭲i⭲s"ícd "⭲til tkc ⭲cxt b"si⭲css daQ. be uninsured until the next business day. If you have money that is deposited at a Receiving Bank outside the Program (including indirectly through an intermediary, such as a broker-dealer), this may negatively impact the availability of FDIC insurance for the total amount of your funds held at that Receiving Bank. If your deposits at a Receiving Bank, in aggregate, exceed the then current SMDIA, the excess funds are not covered by FDIC deposit insurance. SoFi Bank, the Receiving Banks and Stable are unaware of your funds outside of the Program. As a result, those funds will not be taken into account when allocating your funds to a particular Receiving Bank. For example, the current SMDIA is $250,000 and if you have a non-Program deposit account at Bank A of $200,000 and you also have $60,000 in Program Deposits placed at that same bank in the same legal category of account ownership, only $250,000 of your $260,000 is insured by the FDIC. In this example, the remaining $10,000 is not insured by the FDIC and you may not receive those funds back in the event that bank a Receiving Bank fails and enters into receivership. You are solely responsible for monitoring your deposits in Receiving Banks outside of the Program. You should review the list of Receiving Banks carefully. The list of Receiving Banks may change from time to time, and the most recent list is available at xxxx://xxx.xxxx.xxx/banking/fdic/receivingbanks. SoFi Bank and Stable do not have any obligation to monitor your account or make recommendations about, or changes to, the Program that might be beneficial to you. As interest rates and other factors change, it may be in your financial interest to change your deposit instructions. Once funds of customers are allocated, neither Stable nor SoFi Bank will be able to modify the selection of Receiving Banks due to the needs of any particular customer. If you are not comfortable with placing your funds in any of the Receiving Banks, you are solely responsible for withdrawing your funds from the Program. In the event that a Receiving Bank that holds your Program Deposits fails (or in the event Sofi Bank fails, with respect to any funds held at SoFi Bank), payments of principal plus unpaid and accrued interest up to the then current SMDIA per legal category of account ownership will be made to you by the FDIC in accordance with its standard procedures. Although the FDIC normally makes these payments within a few days of taking possession of a bank as receiver, there is no specific time period during which the FDIC must make insurance payments available. Accordingly, you may not be able to access your funds deposited at a Receiving Bank for an extended period of time following a Receiving Bank failure (or at SoFi Bank in the event of a failure of SoFi Bank). Furthermore, you may be required to provide certain documentation to the FDIC before insurance payments are made. Although Stable, as agent of SoFi Bank, may submit a claim on your behalf in the event that a Receiving Bank fails and enters into Receivership, you may be required to file and pursue a claim on your own behalf in the event of a Receiving Bank entering into receivership. In the event that a Receiving Bank enters into receivership, neither SoFi Bank nor Stable is obligated to provide you with funds equal to the amount of your balances deposited at the Receiving Bank during the pendency of the receivership. Your account ownership will be evidenced by an entry on records maintained by SoFi Bank for each of the Receiving Banks at which your funds are on deposit. You will not be issued any evidence of ownership of a Program Deposit account, such as a passbook or certificate.

Xxxxxxxx and FDIC Insurance. Risks of the Program Your funds intended for deposit into the Program must be placed through an your account at SoFi Green Dot Bank and cannot be placed directly by you with any of the Receiving BanksInstitutions. Once in the Program, your Program Deposits will be allocated to omnibus Deposit Accounts maintained at the Receiving Banks Institutions held in the name of "Stable Custody Group II LLC, as Agent, for the Exclusive Benefit of its DDM Participating Institutions, as Agent, for the Exclusive Benefit of its DDM Customers, Acting for Themselves and/or Acting in a Fiduciary Capacity for Others” or a similar name that preserves the eligibility of Program Deposits for pass-through FDIC insurance. See Section III.I, Allocations to Receiving Institutions. Your Program Deposits are placed by SoFi Bank and the Custodian Bank (as defined below), acting in a custodial capacity, swept into Deposit Accounts accounts at the Receiving Banks Institutions to provide you with access of up to the then current SMDIA, currently $250,000 250,000, of FDIC insurance per Receiving BankInstitution, subject to certain limitations and exceptions as described herein, and further subject to an overall limit of $2.0 million for each legal category of account ownership (including your balances that are retained at SoFi Bank). The $250,000 SMDIA limit (i.e., the SMDIAcurrently $250,000) includes your principal and accrued interest, when aggregated with all other deposits held by you directly, or indirectly through others including broker-dealersothers, in the same recognized legal category of account ownership at the same Receiving BankInstitution. FDIC deposit insurance protects you against the loss of your insured deposits in the event a Receiving Bank Institution fails. FDIC deposit insurance is backed by the full faith and credit of the United States. K"íi⭲g tkc b"si⭲css daQ wkc⭲ Qo"í Píogíam Kcposits aíc tía⭲srcíícd a⭲d bci⭲g dcpositcd i⭲to tkc Píogíam, Qo"í r"⭲ds will bc kcld roí a limitcd amo"⭲t or timc i⭲tíadaQ at tkc C"stodia⭲ Ba⭲k píioí to bci⭲g allocatcd a⭲d distíib"tcd amo⭲g otkcí Rccci:i⭲g Ba⭲ks. O⭲cc distíib"tcd ríom tkc C"stodia⭲ Ba⭲k a⭲d íccci:cd bQ tkc Rccci:i⭲g Ba⭲ks, tkc r"⭲ds will bc i⭲s"ícd roí "p to tkc $2 millio⭲ Píogíam limit. Stablc kas adoptcd píoccd"ícs a⭲d co⭲tíols dcsig⭲cd to c⭲s"íc tkc mo:cmc⭲t or r"⭲ds i⭲ a timclQ ma⭲⭲cí cack b"si⭲css daQ a⭲d cxpccts tkat, so lo⭲g as Qo"í r"⭲ds aíc sc⭲t to tkc C"stodia⭲ Ba⭲k píioí to tkc íclc:a⭲t c"t-xxx timc roí tkat C"stodia⭲ Ba⭲k, tkc C"stodia⭲ Ba⭲k will sc⭲d Qo"í r"⭲ds to tkc otkcí Rccci:i⭲g Ba⭲ks bQ tkc closc or b"si⭲css cack b"si⭲css daQ. Howc:cí, i⭲ tkc c:c⭲t or a rail"íc or wiíc tía⭲srcí sQstcms oí comm"⭲icatio⭲ racilitics, rail"íc bQ tkc C"stodia⭲ Ba⭲k to íccci:c tkosc r"⭲ds píioí to tkc c"t-xxx timc roí tkat C"stodia⭲ Ba⭲k oí otkcí ca"scs bcQo⭲d Stablc’s ícaso⭲ablc co⭲tíol, ícs"lti⭲g i⭲ Qo"í r"⭲ds ⭲ot bci⭲g sc⭲t to tkc otkcí Rccci:i⭲g Ba⭲ks i⭲ a timclQ ma⭲⭲cí a⭲d ícmai⭲ kcld at tkc C"stodia⭲ Ba⭲k, Qo"í r"⭲ds co"ld, to tkc cxtc⭲t tkcQ cxcccd tkc c"ííc⭲t SMKIA, bc "⭲i⭲s"ícd "⭲til tkc ⭲cxt b"si⭲css daQ. If you have money that is deposited Separate Deposits at a Receiving Bank outside the Program (including indirectly through an intermediary, such as a broker-dealer)Institution, this may negatively impact the availability of FDIC insurance for the total amount of your funds held at that Receiving BankInstitution. If the aggregate sum of your deposits at (i.e., Separate Deposits plus any Program Deposits) in a Receiving Bank, in aggregate, exceed Institution exceeds the then current SMDIASMDIA of such Receiving Institution, the excess funds are not covered by the FDIC deposit insurance. SoFi Green Dot Bank, the Custodian Bank, the Receiving Banks Institutions and Stable are unaware of your funds outside of the Program. As a result, those these funds will not be taken into account when allocating your funds to a particular Receiving BankInstitution. You are solely responsible for monitoring your deposits in Receiving Institutions outside of the Program. You should review the list of Receiving Institutions carefully. The list of Receiving Institutions may change from time to time. The most recent list is available at xxxxx://xxxxxxxxxx.xxxxxx.xxx/learn-support/en-us/help-article/bank-accounts/fdic-insurance-limit-quickbooks- checking-money/L7QdcqLQN_US_en_US?uid=lhtmrieo.. Once your funds are placed in the Program, you cannot request that a specific Receiving Institution on the list be ‘excluded’ from receiving your funds. Accordingly, if you do not want one or more of the institutions on the list of Receiving Institutions to receive your funds, then you should not place your funds in the Program. In particular, if you have existing balances at one of the Receiving Institutions on the list, there is a risk that all or portion of your funds allocated to such Receiving Institution by the Program will not be FDIC insured. See Section II, Risks of the Program. For example, if the then current SMDIA is $250,000 and if you have a non-Program deposit account at Bank A of $200,000 and you also have $60,000 in the Program Deposits placed account at that the same bank in the same legal category of account ownership, only $250,000 of your $260,000 is insured by the FDIC. In this example, the remaining $10,000 is not insured by the FDIC and you may not receive those funds back in the event that bank fails and enters into receivership. You are solely responsible for monitoring your deposits in Receiving Banks outside of the Program. You should review the list of Receiving Banks carefully. The list of Receiving Banks may change from time to time, and the most recent list is available at xxxx://xxx.xxxx.xxx/banking/fdic/receivingbanks. SoFi Bank and Stable do not have any obligation to monitor your account or make recommendations about, or changes to, the Program that might be beneficial to you. As interest rates and other factors change, it may be in your financial interest to change your deposit instructions. Once funds of customers are allocated, neither Stable nor SoFi Bank will be able to modify the selection of Receiving Banks due to the needs of any particular customer. If you are not comfortable with placing your funds in any of the Receiving Banks, you are solely responsible for withdrawing your funds from the ProgramFDIC-insured. In the event that a Receiving Bank Institution that holds your Program Deposits fails (or in the event Sofi Bank fails, with respect to any funds held at SoFi Bank), payments of principal plus unpaid and accrued interest up to the then current SMDIA per legal category of account ownership will be made to you by the FDIC in accordance with its standard proceduresyou. Although the FDIC normally makes these payments within a few days of taking possession of a bank Receiving Institution as receiver, there is no specific time period during which the FDIC must make insurance payments available. Accordingly, you may not be able to access your funds deposited at a Receiving Bank for an extended period of time following a Receiving Bank failure (or at SoFi Bank in the event of a failure of SoFi Bank). Furthermore, you may be required to provide certain documentation to the FDIC before insurance payments are made. Although Stable, as agent of SoFi Bank, may submit a claim on your behalf in the event that a Receiving Bank fails and enters into Receivership, you may be required to file and pursue a claim on your own behalf in the event of a Receiving Bank entering into receivership. In the event that a Receiving Bank enters into receivership, neither SoFi Bank nor Stable is obligated to provide you with funds equal to the amount of your balances deposited at the Receiving Bank during the pendency of the receivership. Your account ownership will be evidenced by an entry on records maintained by SoFi Green Dot Bank for each of the Receiving Banks Institutions at which your funds are on deposit. You will not be issued any evidence of ownership of a Program Deposit account, such as a passbook or certificate. However, Green Dot Bank will provide you with a summary of all Program deposits and withdrawals, the name of each Receiving Institution that holds your Program Deposits, deposit balance(s) and interest rate either on your periodic statements, via an online portal, upon request, or a combination thereof.

Xxxxxxxx and FDIC Insurance. Risks of the Program Your funds intended for deposit into the Program must be placed through an account at SoFi Bank and cannot be placed directly by you with any of the Receiving Banks. Once in the Program, your Program Deposits will be allocated to omnibus Deposit Accounts maintained at the Receiving Banks held in the name of "Stable Custody Group II LLC, as Agent, for the Exclusive Benefit of its DDM Participating Institutions, as Agent, for the Exclusive Benefit of its DDM Customers, Acting for Themselves and/or Acting in a Fiduciary Capacity for Others” or a similar name that preserves the eligibility of Program Deposits for pass-through FDIC insurance. Your Program Deposits are placed by SoFi Bank and the Custodian Bank (as defined below), acting in a custodial capacity, into Deposit Accounts at the Receiving Banks to provide you with up to $250,000 of FDIC insurance per Receiving Bank, subject to certain limitations and exceptions as described herein, and further subject to an overall limit of $2.0 million for each legal category of account ownership (including your balances that are retained at SoFi Bank). The $250,000 limit (i.e., the SMDIA) includes your principal and accrued interest, when aggregated with all other deposits held by you directly, or indirectly through others including broker-dealers, in the same recognized legal category of account ownership at the same Receiving Bank. FDIC deposit insurance protects you against the loss of your insured deposits in the event a Receiving Bank fails. FDIC deposit insurance is backed by the full faith and credit of the United States. K"íi⭲g tkc b"si⭲css daQ wkc⭲ Qo"í Píogíam Kcposits aíc tía⭲srcíícd a⭲d bci⭲g dcpositcd i⭲to tkc Píogíam, Qo"í r"⭲ds will bc kcld roí a limitcd amo"⭲t or timc i⭲tíadaQ at tkc C"stodia⭲ Ba⭲k píioí to bci⭲g allocatcd a⭲d distíib"tcd amo⭲g otkcí Rccci:i⭲g Ba⭲ks. O⭲cc distíib"tcd ríom tkc C"stodia⭲ Ba⭲k a⭲d íccci:cd bQ tkc Rccci:i⭲g Ba⭲ks, tkc r"⭲ds will bc i⭲s"ícd roí "p to tkc $2 millio⭲ Píogíam limit. Stablc kas adoptcd píoccd"ícs a⭲d co⭲tíols dcsig⭲cd to c⭲s"íc tkc mo:cmc⭲t or r"⭲ds i⭲ a timclQ ma⭲⭲cí cack b"si⭲css daQ a⭲d cxpccts tkat, so lo⭲g as Qo"í r"⭲ds aíc sc⭲t to tkc C"stodia⭲ Ba⭲k píioí to tkc íclc:a⭲t c"t-xxx timc roí tkat C"stodia⭲ Ba⭲k, tkc C"stodia⭲ Ba⭲k will sc⭲d Qo"í r"⭲ds to tkc otkcí Rccci:i⭲g Ba⭲ks bQ tkc closc or b"si⭲css cack b"si⭲css daQ. Howc:cí, i⭲ tkc c:c⭲t or a rail"íc or wiíc tía⭲srcí sQstcms oí comm"⭲icatio⭲ racilitics, rail"íc bQ tkc C"stodia⭲ Ba⭲k to íccci:c tkosc r"⭲ds píioí to tkc c"t-xxx timc roí tkat C"stodia⭲ Ba⭲k oí otkcí ca"scs bcQo⭲d Stablc’s ícaso⭲ablc co⭲tíol, ícs"lti⭲g i⭲ Qo"í r"⭲ds ⭲ot bci⭲g sc⭲t to tkc otkcí Rccci:i⭲g Ba⭲ks i⭲ a timclQ ma⭲⭲cí a⭲d ícmai⭲ kcld at tkc C"stodia⭲ Ba⭲k, Qo"í r"⭲ds co"ld, to tkc cxtc⭲t tkcQ cxcccd tkc c"ííc⭲t SMKIA, bc "⭲i⭲s"ícd "⭲til tkc ⭲cxt b"si⭲css daQ. If you have money that is deposited at a Receiving Bank outside the Program (including indirectly through an intermediary, such as a broker-dealer), this may negatively impact the availability of FDIC insurance for the total amount of your funds held at that Receiving Bank. If your deposits at a Receiving Bank, in aggregate, exceed the then current SMDIA, the excess funds are not covered by FDIC deposit insurance. SoFi Bank, the Receiving Banks and Stable are unaware of your funds outside of the Program. As a result, those funds will not be taken into account when allocating your funds to a particular Receiving Bank. For example, the current SMDIA is $250,000 and if you have a non-Program deposit account at Bank A of $200,000 and you also have $60,000 in Program Deposits placed at that same bank in the same legal category of account ownership, only $250,000 of your $260,000 is insured by the FDIC. In this example, the remaining $10,000 is not insured by the FDIC and you may not receive those funds back in the event that bank fails and enters into receivership. You are solely responsible for monitoring your deposits in Receiving Banks outside of the Program. You should review the list of Receiving Banks carefully. The list of Receiving Banks may change from time to time, and the most recent list is available at xxxx://xxx.xxxx.xxx/banking/fdic/receivingbanks. xxxxx://xxx.xxxx.xxx/banking/fdic/partners/ SoFi Bank and Stable do not have any obligation to monitor your account or make recommendations about, or changes to, the Program that might be beneficial to you. As interest rates and other factors change, it may be in your financial interest to change your deposit instructions. Once funds of customers are allocated, neither Stable nor SoFi Bank will be able to modify the selection of Receiving Banks due to the needs of any particular customer. If you are not comfortable with placing your funds in any of the Receiving Banks, you are solely responsible for withdrawing your funds from the Program. In the event that a Receiving Bank that holds your Program Deposits fails (or in the event Sofi Bank fails, with respect to any funds held at SoFi Bank), payments of principal plus unpaid and accrued interest up to the then current SMDIA per legal category of account ownership will be made to you by the FDIC in accordance with its standard procedures. Although the FDIC normally makes these payments within a few days of taking possession of a bank as receiver, there is no specific time period during which the FDIC must make insurance payments available. Accordingly, you may not be able to access your funds deposited at a Receiving Bank for an extended period of time following a Receiving Bank failure (or at SoFi Bank in the event of a failure of SoFi Bank). Furthermore, you may be required to provide certain documentation to the FDIC before insurance payments are made. Although Stable, as agent of SoFi Bank, may submit a claim on your behalf in the event that a Receiving Bank fails and enters into Receivership, you may be required to file and pursue a claim on your own behalf in the event of a Receiving Bank entering into receivership. In the event that a Receiving Bank enters into receivership, neither SoFi Bank nor Stable is obligated to provide you with funds equal to the amount of your balances deposited at the Receiving Bank during the pendency of the receivership. Your account ownership will be evidenced by an entry on records maintained by SoFi Bank for each of the Receiving Banks at which your funds are on deposit. You will not be issued any evidence of ownership of a Program Deposit account, such as a passbook or certificate.