Deposit Account Agreement

The Account is available to commercial legal entities. By requesting an Account, you acknowledge and agree:

• Your use of the Account is for a commercial or business purpose and you will not use it for personal, family, or household purposes.
• If you execute this Agreement on behalf of any corporation, partnership, trust, association, or other entity, you represent and warrant that you are authorized to do so and to bind that entity.
• You are of legal age in your jurisdiction and have the legal capacity to enter into this Agreement.

To the fullest extent permitted by law, this Agreement and all communications related to your Account may be provided to you electronically — by email, within the Hollis & Co platform, or by posting to hollisand.co. You agree to receive Communications in electronic form.

By providing a phone number, you consent to receive account-related communications at that number, including through an autodialer, automated voice, or text message. You are not required to consent to automated calls or texts as a condition of opening or maintaining your Account.

Bank and Servicer may monitor and/or record telephone calls between you and Bank or Servicer for quality assurance, compliance, and training purposes.

Your Account is offered for the purposes of conducting deposit, withdrawal, and other banking and financial transactions in connection with your legitimate business operations. You are liable to us for all debit balances in the Account, including overdrafts, and for all costs we incur in collection, including reasonable attorneys' fees.

Your Account is owned and titled in the name of one legal entity, which retains all rights and obligations under this Agreement. Bank shall not be required to recognize any third-party claim to funds in the Account without a court order.

Your use of the Account is subject to all applicable rules and customs of any clearinghouse or other association involved in any transaction. Bank may modify or waive any provision of this Agreement as required by Applicable Law and with notice to you where required.

Hollis & Co may offer you the ability to open multiple Accounts for a single Account Owner and Company EIN. If you breach or default on your obligations under this Agreement or any other agreement with Bank, Bank may exercise its rights across all accounts you hold.

You may only access your Account through the Hollis & Co platform and subject to the Security Procedures.

You are solely responsible for safeguarding your Login Credentials. You agree to keep them confidential and to immediately notify us if you know or suspect that any unauthorized person has obtained access. Bank may act on all Eligible Instructions submitted using your Login Credentials or those of any Authorized User, regardless of whether you actually authorized that instruction.

You may request and assign Login Credentials to Authorized Users through the platform. You are responsible for all actions taken by your Authorized Users and must safeguard their credentials accordingly.

You may deposit funds by initiating an electronic funds transfer from another bank account. If enabled by Bank for your Account, you may also deposit funds by Mobile Check Deposit, subject to Exhibit 1.

You may not deposit cash, ATM deposits, or deposits denominated in a currency other than USD.

Bank may refuse a deposit, or part of a deposit, at any time and for any reason, including after provisionally accepting it.

If there is a discrepancy between the amount credited and the amount of your deposit, we will notify you promptly.

You may make withdrawals in any manner permitted by Bank for the type of Account you hold.

Bank may refuse or restrict withdrawals and transfers from your Account in its sole discretion. If there are insufficient funds, Bank may return the item unpaid or pay it and create an overdraft. You agree to promptly cover any overdraft. Bank may close your Account if you fail to remedy an overdraft.

You may request preauthorized checks to third parties through the platform. Checks deemed undeliverable will be returned to your postal address on file.

A stop payment request must be received with reasonable notice — not less than one Business Day prior to payment. You must provide sufficient identifying information (payee, date, exact amount). Bank is not responsible for failing to stop payment if the information provided is incorrect or incomplete.

Bank reserves the right to pay or dishonor a check more than ninety (90) days old without prior notice to you.

Bank reserves the right to decide the order in which items are paid and which items are returned unpaid. Deposits and credits received before the close of each Business Day will be posted before any debits or withdrawals for that day. Debits and withdrawals are posted in date/time order.

• Electronic payment deposits received before 5:00 PM Pacific Time on a Business Day are generally processed the same Business Day and made available the next Business Day.
• All other permissible deposit methods (excluding Mobile Check Deposit) are made available within two (2) Business Days.
• Mobile Check Deposit availability is described in Exhibit 1.

Bank reserves the right, subject to Applicable Law, to hold funds pending settlement or for such period as it deems appropriate.

Accounts open less than thirty (30) days may be limited in functionality. Funds credited to your Account may be subject to holds and may not be available immediately.

You may only initiate funds transfers by submitting an Eligible Instruction through the Hollis & Co platform. Bank may screen and reject any funds transfer request in good faith, including because Bank believes the transaction may pose a risk of fraud, money laundering, terrorist financing, or other financial crime, or because it may violate Applicable Law.

Bank may impose and adjust transaction limits on your Account in its sole discretion, based on transaction type, Account history, risk factors, and Applicable Law.

You are solely responsible for the accuracy of all information you provide in connection with any funds transfer request. Bank and Servicer have no obligation to verify that accuracy.

If enabled for your Account, you may send or receive wire transfers by submitting an Eligible Instruction. Wire transfers are generally irrevocable once submitted. If you wish to attempt a recall, contact Hollis & Co immediately.

If enabled for your Account, you may request wire transfers in currencies other than USD. Bank will apply an exchange rate set at its sole discretion and disclosed to you on the platform prior to finalizing the transaction.

If enabled for your Account, you may initiate real-time transfers through applicable real-time payment networks 24/7/365. Such transfers are generally irrevocable once accepted.

You agree to be bound by all Eligible Instructions accepted by Bank in good faith. The consumer-specific rules of Regulation E (Electronic Fund Transfer Act) do not apply to your Account. Contact Hollis & Co immediately if you believe your Login Credentials have been compromised or unauthorized transactions have occurred.

Unless otherwise provided in this Agreement, notices required under this Agreement must be submitted to Hollis & Co through the platform or at legal@hollisand.co. Bank is not required to act upon any communication unless it is submitted through Servicer.

You may not use your Account for any illegal or unlawful transaction, and Bank may decline to authorize any transaction it believes may violate Applicable Law. You certify that you do not engage in, and during the term of this Agreement will not engage in, any unlawful internet gambling business.

International wire transfers are subject to applicable laws and regulations, including screening by the U.S. Office of Foreign Assets Control ("OFAC"). Transfers to or from OFAC-sanctioned countries, entities, or individuals are prohibited. Bank and Servicer screen all wire counterparties against OFAC and other applicable sanctions lists prior to processing. Hollis & Co independently conducts OFAC screening on all customers and counterparties as part of its compliance program.

Transfers to certain countries may be restricted or entirely prohibited under U.S. law. If a transfer is blocked or rejected due to sanctions screening, Bank will notify you to the extent permitted by law. You are responsible for ensuring that all counterparties and transactions comply with applicable sanctions laws prior to initiating any transfer.

Some jurisdictions require a purpose code when sending international wires (notably India, China, and certain other countries). You are responsible for providing accurate purpose codes where required.

Bank may place administrative holds on funds in your Account if it reasonably believes the funds may be subject to dispute, fraud, or other legal or compliance concern.

If your Account balance becomes and remains negative or you owe Bank any amounts under this Agreement or any other arrangement, Bank may set off against any amounts it owes you in any account you maintain with Bank.

An Account inactive for eighteen (18) months may be considered dormant. We comply with applicable state escheatment laws, which require that unclaimed property be remitted to the applicable state after the relevant dormancy period.

Bank may disclose information about your Account to Servicer and to others:

• As necessary to complete transfers or verify account existence
• To comply with government agency, court order, or other legal requirement
• With your written permission
• To Bank's and Servicer's employees, auditors, affiliates, service providers, or attorneys as needed
• As otherwise necessary to fulfill obligations under this Agreement

Bank may amend or change the terms of this Agreement at any time by posting the updated Agreement to the Hollis & Co platform or by alternative notification. If your Account is canceled, closed, or terminated for any reason, Bank will return any remaining balance in accordance with Applicable Law, after satisfying any obligations you may have to Bank.

This Agreement shall be governed by federal law and, to the extent not superseded by federal law, the laws of the State of Delaware.

If any provision of this Agreement is determined to be invalid or unenforceable under any applicable law or regulation, the validity of the remaining provisions shall not be impaired.

All provisions of this Agreement shall survive termination of this Agreement or closure of your Account.

Only checks made payable to you in USD from U.S. banks are eligible. The following are NOT eligible:

• Checks payable for greater than $1,000,000 USD
• Returned deposit checks
• Checks drawn on banks located outside the U.S.
• Checks payable in a currency other than USD
• Checks payable to a third party

The maximum amount you may deposit through Mobile Check Deposit is $100,000 per day or $500,000 per month. Bank may temporarily reduce these limits for security reasons without notice and reserves the right to modify limits at any time.

Funds from Mobile Check Deposits are generally available by the third Business Day after the day of deposit (deposits received before 5:00 PM Pacific Time). Bank may apply additional delays at its discretion.

Each time you use Mobile Check Deposit, you warrant that:

• The check image is a true and accurate representation of the original check
• The amount, payee, signatures, and endorsements are genuine and accurate
• You are entitled to endorse and deposit the check
• No duplicate presentment has occurred or will occur
• You have possession of the original check
• Files and images transmitted contain no viruses or malicious code

After your deposit has been credited, you must mark the original check as "VOID" and store it securely for 14 days. After that period, you must destroy it. You are solely responsible for safeguarding the original check against unauthorized or further use.

• Comply with all applicable NACHA Rules and Applicable Law in using ACH services.
• Obtain written authorization from each Receiver before submitting an Entry; retain each authorization for two (2) years from termination or revocation.
• Conduct an annual compliance audit if required by NACHA Rules and provide results to Bank upon request.
• Maintain commercially reasonable security policies and internal controls to safeguard systems and Protected Information.
• You are not authorized to act as a Third-Party Sender under this Addendum.
• You may not originate International ACH Transactions ("IAT").

The ACH cut-off time is 5:00 PM Pacific Time on a Business Day. Entries submitted after the cut-off will be processed on the following Business Day. Bank shall transmit Entries to the ACH Operator prior to the effective entry date.

Servicer will notify you of a Returned Entry within one (1) Business Day of receipt. You shall be liable for the amount of any returned Entry. Servicer will notify you of any Notification of Changes within two (2) Business Days.

You shall retain data adequate to permit remaking of Entries for five (5) days following Settlement Date. Bank will retain all Entries, Security Procedures, and related records for six (6) years in accordance with the NACHA Rules.

You agree to indemnify and hold Bank and Servicer harmless from any losses, claims, or expenses (including reasonable attorneys' fees) resulting from any act or omission of you, your employees, officers, directors, agents, or Authorized Users in connection with this Addendum or ACH services.