Qapital Terms & Conditions 

Effective date: March 31, 2025 

Qapital Terms & Conditions 

PLEASE READ THESE TERMS AND CONDITIONS CAREFULLY, AS THEY CREATE A  BINDING CONTRACT BETWEEN YOU AND QAPITAL. FURTHER, THESE TERMS AND  CONDITIONS CONTAIN AN AGREEMENT TO ARBITRATE, WHICH REQUIRES THAT YOU  AND QAPITAL ARBITRATE CERTAIN CLAIMS BY BINDING, INDIVIDUAL ARBITRATION  INSTEAD OF GOING TO COURT AND WAIVES YOUR RIGHT TO PARTICIPATE IN A CLASS  ACTION SUCH THAT YOU ARE ONLY PERMITTED TO BRING AN INDIVIDUAL ACTION  (SEE “BINDING ARBITRATION AND CLASS ACTION WAIVER”). IF YOU DO NOT WISH TO  BE SUBJECT TO ARBITRATION, YOU MAY OPT OUT OF THE ARBITRATION PROVISION  WITHIN THIRTY (30) DAYS BY FOLLOWING THE INSTRUCTIONS PROVIDED AT THE END  OF THE SECTION TITLED “BINDING ARBITRATION AND CLASS WAIVER.” YOU HEREBY  ACKNOWLEDGE THAT QAPITAL IS NOT A BANK, NOR IS IT A FINANCIAL PLANNER,  BROKER OR ASSET MANAGER. THE QAPITAL SERVICE PROVIDES YOU WITH TOOLS  TO ASSIST YOU IN YOUR FINANCIAL PLANNING AND DECISION-MAKING. YOU ARE  SOLELY RESPONSIBLE FOR YOUR SAVINGS, INVESTMENT AND SPENDING DECISIONS. 

Welcome to Qapital. These terms and conditions, together with any documents they expressly  incorporate by reference (collectively, “Terms and Conditions”), are entered into by and between  (i) the individual person who creates the associated Qapital Account (as defined below) and  each and all of the persons who are granted access to, accept, or use the account (“you”), and  (ii) Qapital, LLC, a Delaware limited liability company and Qapital Invest, LLC, a Delaware  limited liability company. Qapital, LLC, Qapital Invest, LLC and any other entity in the Qapital 

company group shall be referred to collectively herein as “Qapital,” “we,” “us,” or “our”. These  Terms and Conditions govern your access and use of our websites at www.qapital.com and  www.wedbushnext.com, along with any other path segments or subdirectories, and our mobile  applications (the “Qapital App”) in connection with our products and services (collectively, the  “Qapital Service”), whether as a guest or a registered user. The suite of investment related  services included in the Qapital Service, including any Invest Account, is provided by Qapital  Invest, LLC and is referred to herein as “Qapital Invest.” All other services offered as part of the  Qapital Service are provided by Qapital, LLC.  

The Qapital Service is offered and available to any user who is 18 years of age or older, has the  legal capacity to form a binding contract with Qapital, and is a legal resident of the United  States. By using the Qapital Service, you represent and warrant that you meet all of the  foregoing eligibility requirements and that your registration and use of the Qapital Service is not  in violation of any applicable Law (as defined below). If the foregoing sentence isn’t true, you  may not access or use the Qapital Service, and doing so is a violation of our Terms and  Conditions. 

By using any part of the Qapital Service (or by clicking to accept or agree to the Terms and  Conditions when this option is made available to you), you accept and agree to be bound by  and abide by these Terms of Conditions and our Privacy Policy, found at  https://www.qapital.com/terms/privacy-policy/ and https://www.wedbushnext.com/terms/privacy policy/. If you do not want to agree to these Terms and Conditions or the Privacy Policy, you  must not access or use the Qapital Service. Your use of any accounts (including investment  accounts) or debit cards made available through the Qapital Service is also subject to the  separate terms and conditions applicable to those accounts and cards. 

We reserve the right to change these Terms and Conditions from time to time for any reason, by  posting of the updated Terms and Conditions to https://www.qapital.com/terms and  https://www.wedbushnext.com/terms/ provided that if your Qapital Account is subject to a paid 

subscription at the time of such change, then any element of such change which would  materially increase your obligations or reduce your rights hereunder shall not apply to your  Qapital Account until the start of the next subscription period following the posting of such  updated Terms and Conditions. 

1. Scope of Service 

Qapital may alter, suspend, or discontinue the Qapital Service, in whole or in part, or restrict  access to portions of our Qapital Service, for some or all users, at any time and for any reason,  without notice, including during a paid subscription period. The Qapital Service may also  periodically become unavailable to you due to maintenance or malfunction of computer  equipment or for other reasons. Qapital does not provide any equipment and internet service  necessary to access the Qapital Service, and you are responsible for obtaining any such  equipment and service in order to access and use the Qapital Service. 

2. Registration 

• Registered Users. Certain parts of the Qapital Service are reserved for registered users.  In order to become a registered user (or “Client”), we will ask you to complete a  registration form, and also to select a username and create a password (“Login  Credentials”). During any such registration, you are required to give truthful contact  information (including your name, email address and mobile phone number) and certain  financial information (such as your primary bank account information and other account  login information), and, together with any savings and investing goals and rules that you  create in your Qapital Account and any other investment information provided through  your use of an Invest Account (as defined below), this collectively is your “User Profile”.  You are responsible for protecting your Login Credentials from unauthorized use, and  you are responsible for all activity that occurs on your Qapital Account (including without 

limitation financial obligations). You agree to notify us immediately if you believe that  your Login Credentials have been or may be used without your permission so that  appropriate action can be taken. We are not responsible for losses or damage caused  by your failure to safeguard your Login Credentials or any access or use of your Qapital  Account with your permission, assent or knowledge, or that you should reasonably have  known about. You agree that you will maintain and promptly update your User Profile to  keep it true, accurate, current and complete. If you provide any information that is  untrue, inaccurate, not current or incomplete, or we have reasonable grounds to suspect  such, we reserve the right to suspend access to or terminate your Qapital Account and  refuse any and all current or future use of the Qapital Service by you. 

• Identifying Information. We may at any time require you to provide additional information  in order to verify your identity. This information may include but is not limited to your  address, date of birth, Social Security Number, a copy of your driver’s license or such  other information or documentation as we may deem necessary (including, without  limitation, information requested and obtained about you in connection with providing a  financial service or product to you). Such information may be required, for instance, in  order to meet our legal obligations or the requirements of Qapital’s Partner Banks. More  information on how we may use your personal information can be found in our Privacy  Policy. 
• Acknowledgement to Receive Email, Push Notifications or Text Messages. As a user of  the Qapital Service, and by your acceptance and agreement to these Terms and  Conditions, you expressly consent to receive emails, push notifications and text  messages from us regarding the Qapital Service and your Qapital Account. Please be  aware that standard data and messaging rates may apply to the receipt of text  messages. We may from time to time send you push notifications or email messages  with information about upcoming events, or information about other service offerings  from us and our partners. You may opt out from receiving certain of such  correspondence by updating your notification settings within the Qapital App, emailing 

support@qapital.com or support@wedbushnext.com (applicable to Wedbush Next  Accounts), or selecting to unsubscribe as may be provided in the applicable  correspondence. To opt out of correspondence and notifications associated with your  Invest Account, in addition to updating your notification settings within the Qapital App,  you may also email support@qapitalinvest.com or wedbush-next@qapitalinvest.com (applicable to Wedbush Next Accounts). 

• Funding Source Access Authorization. You expressly authorize Qapital to access  information from your Funding Source (as defined below) or other bank accounts that  you maintain online with third-party financial institutions with which you have customer  relationships, maintain account(s) or engage in financial transactions (your “Bank  Accounts”), on your behalf as your agent. When you use the “Add Accounts” feature of  the Service, you or Qapital’s third-party processor will be directly connected to the  website for the third party you have identified. Qapital’s third-party processors will submit  information including usernames and passwords that you provide to log you into such  third-party website(s). You will need to authorize and permit Qapital’s third-party  processor to use and store information submitted by you (such as account passwords  and usernames) to accomplish the foregoing and to configure the Qapital Service so that  it is compatible with the third-party sites for which you submit your information. For  purposes of these Terms and Conditions, and solely to provide the account information  to you as part of the Qapital Service, you grant Qapital a limited power of attorney, and  appoint Qapital as your attorney-in-fact and agent, to access third-party sites, retrieve  and use your information with the full power and authority to do and perform each thing  necessary in connection with such activities, as you could do in person. YOU  ACKNOWLEDGE AND AGREE THAT WHEN QAPITAL IS ACCESSING AND  RETRIEVING ACCOUNT INFORMATION FROM THIRD-PARTY SITES, QAPITAL IS  ACTING AS YOUR AGENT, AND NOT AS THE AGENT OF OR ON BEHALF OF THE  THIRD PARTY. You understand and agree that the Qapital Service is not sponsored or  endorsed by any third parties accessible through the Qapital Service. Qapital is not 

responsible for any payment processing errors, third-party fees or other related issues,  including those that may arise from inaccurate account information. 

3. Fees & Payments 

Any third-party external financial account designated in User Profile as the account from which  Qapital is to debit fees and/or make other transfers is called your “Funding Source”. Each of  your Qapital goals accounts (collectively, your “Goals Account”), your Qapital spending account  (your “Spending Account”) and your Qapital Invest account (if any, your “Invest Account”) may  be referred to herein individually as a “Qapital Account” and collectively as your “Qapital  Account(s)”. 

• Subscription Fees. If you select a user experience tier on the Qapital Service that is  subject to a recurring periodic subscription fee (a “Subscription Fee”), then except as  otherwise provided herein, you agree to pay the Subscription Fee applicable to the user  experience tier you have selected. Current Subscription Fees associated with the  Qapital Service can be found here: https://www.qapital.com/pricing. In addition to the  Subscription Fees, certain additional fees and incentives associated with your Spending  Account and your Goals Account can be found at https://www.qapital.com/terms/terms qapital-spending/. Fees associated with your Invest Account can be found at  https://www.qapital.com/terms/invest/. You may cancel or change your subscription from  time to time by contacting customer care at support@qapital.com, or by using the  Qapital App. We may refuse to renew any subscription. 
• Free Trials. From time to time, Qapital may offer users who select a user experience tier  on the Qapital Service that is subject to Subscription Fee “free trial” subscriptions for  limited periods of time during which the normal Subscription Fee is waived (“Free  Trials”). Free Trials may be assigned or targeted to specific users, groups of users, or  the general public, in each case in Qapital’s sole discretion. You agree that the making 

of an offer of a Free Trial to any user in no way creates any obligation on Qapital to offer  any Free Trial to any other user, including you.  

• Multi-Account Plans. Qapital may from time to time offer the ability of one user to pay for  the ongoing Subscription Fees of one or more other users, whether as a “family plan” or  other multiple-user plan (each, a “Multi-Account Plan”). Qapital may change or terminate  these Multi-Account Plan subscriptions at any time, may condition them upon meeting  certain criteria or opting into certain programs, and may or may not offer them at a  discount to the rate that each user would separately pay for that user’s own standalone  subscription. If your Qapital Account ceases to be part of a Multi-Account Plan, you will  automatically revert to a single-user subscription at the same user experience tier.  
• Referrals. The Qapital Everyday Referral Bonus Program Terms can be found at  https://www.qapital.com/terms/qapital-everyday-referral-program/. 
• Asset-based Fees. For Wedbush Next powered by Qapital users, Qapital will charge an  asset-based fee on your Invest Account (an “Asset-based Fee”), rather than a  Subscription Fee for the Qapital Service. An asset-based fee is a percentage charge  based on the total value of your assets under management, meaning the more assets  you have in your Invest Account, the higher the fee. Current fees and incentives earned  by Qapital and its affiliates, associated with your Invest Account can be found at  https://www.wedbushnext.com/terms/terms-invest. Fees associated with your Spending  Account and your Goals Account can be found at  

https://www.wedbushnext.com/terms/qapital-spending/. You may close your Qapital  Account at any time by contacting customer care at support@wedbushnext.com (applicable to Wedbush Next Accounts). 

• Change in Fees. Qapital may change the fees and adjust pricing for the Qapital Service  or any part thereof in any manner and at any time as we may determine in our sole and  absolute discretion. We will notify you in advance of any change in Subscription Fees or  Asset-based Fees by sending you an email to the email address in your User Profile.  Subscription Fee changes will take effect at the start of the next subscription period 

following the date of the Subscription Fee change. Asset-based Fee changes will take  effect at the beginning of the next billing period following notice. You accept the new  fees by continuing to use the Qapital Service after the fee change takes effect. If you do  not agree with the applicable price change, you have the right to reject the change by  terminating your Qapital Account in accordance with these Terms and Conditions. 

• Payment of Fees. YOU AGREE TO TIMELY PAY ANY FEES INCURRED BY OR  ASSESSIBLE TO YOU (AND ANY AND ALL APPLICABLE TAXES) WITH RESPECT  TO YOUR QAPITAL ACCOUNT AND TO PROVIDE QAPITAL WITH A VALID  PAYMENT METHOD FOR PAYMENT OF ALL SUCH FEES THROUGH ONE OF THE  ACCEPTED METHODS THAT WE LIST ON THE QAPITAL SERVICE FROM TIME TO  TIME. Such fees may include other amounts owing to Qapital in connection with your  use or misuse of the Qapital Service, including any account you hold in connection with  your use of a Visa® debit card issued by Lincoln Saving Bank (“LSB”), or another of our  bank partners (collectively, “Partner Banks”), that is linked to your Qapital Account (your  “Qapital Visa® Debit Card”). Without limiting the foregoing, if any payment or transfer  you make from your Funding Source or Qapital Account is returned unpaid, such fees  may include a fee charged for such return. You authorize Qapital to process all your  payments directly from your Funding Source. Notwithstanding anything set forth in these  Terms and Conditions to the contrary, if Qapital is unable to collect a payment from your  Funding Source, (a) you authorize Qapital to collect such funds from your Goals Account  and/or your Spending Account, and (b) if Qapital is unable to collect your payment from  your Funding Source, Goals Account, and/or Spending Account, then (if you have a  Qapital Invest Account) Qapital may instruct its third-party partners to initiate any  necessary sales in your Qapital Invest Account and cause the proceeds to be used to  pay any current or past-due fees. If Qapital is unable to collect your payment using one  of the foregoing methods, Qapital reserves the right to freeze or cancel your account in  its sole discretion.
• Refunds. Other than when expressly set forth in the Qapital Service Terms and  Conditions as updated from time to time, or to correct any errors made by Qapital,  Qapital has no obligation to provide refunds or credits, but may grant them in certain  circumstances in Qapital’s sole discretion. 
• Incentives. Qapital may at its sole discretion offer incentives from time to time, including  to users of the Qapital Service. Any such incentives will be subject to the Qapital  Incentive Program Terms found at https://www.qapital.com/terms/qapital-incentive program-terms/ and https://www.wedbushnext.com/terms/qapital-incentive-program terms. 
• Beta Offerings. Qapital, in its discretion, may offer a beta offering with or without charge.  Users may choose to use beta offerings in their sole discretion. Qapital will have no  liability arising out of or in connection with beta offerings and disclaims any warranty,  indemnity, support, or other obligations with respect to its beta offerings. Use of beta  offerings are subject to the Qapital Beta Program Terms found at  

https://www.qapital.com/terms/qapital-beta-program-terms/ and  

https://www.wedbushnext.com/terms/qapital-beta-program-terms. 

4. User Content 

• Submitted Content. You are solely responsible for any data, text, files, information,  usernames, images, graphics, photos, profiles, audio and video clips, sounds, musical  works, works of authorship, applications, links and other content or materials  (collectively, “User Content”) that you submit, use, display or share on or via the Qapital  Service. You must not submit, upload, post, display or share any User Content that you  do not have the right to copy, use or share for the purpose of your use of the Qapital  Service and the license granted to Qapital in the “Ownership and Use of User Content”  subsection below. If you choose to provide information or User Content to us, register for  or participate in a service, event, or promotion on the Qapital Service, you agree that you 

will provide accurate, complete, and up to date information as requested on the screens  that collect information from you. 

• Ownership and Use of User Content. Qapital does not claim ownership of any User  Content. By submitting such User Content, however, you hereby grant Qapital a  worldwide, royalty free, perpetual and irrevocable license and right to (i) copy, store and  use that User Content for the purpose of providing you with the Qapital Service and  other business purposes; (ii) modify the User Content, including to remove identifiers of  you and any other individuals or companies, and aggregate such information with other  users’ information (collectively, “Aggregated Data”), which we may also copy, store and  use for the purpose of providing you with the Qapital Service and other business  purposes; and (iii) use your User Content for marketing purposes in any media format  (including publishing or re-publishing). You acknowledge and agree that we may  retouch, edit or otherwise alter User Content (such as photos) without your ability to  inspect or pre-approve, and that you will not be compensated in any way for our use of  your User Content. 
• User Content Representations. You represent and warrant that the submission and use  of your User Content on or through the Qapital Service does not violate, misappropriate  or infringe on the rights of any third party, including, without limitation, privacy rights,  publicity rights, copyrights, trademark and/or other intellectual property rights, and you  agree to pay for all royalties, fees, and any other monies owed by Qapital for any reason  of User Content you submit or use on or through the Qapital Service. 
• Monitoring. We have the right, but not the obligation, to monitor User Content submitted  to the Qapital Service, to determine compliance with these Terms and Conditions,  including the User Conduct requirements below, and any other applicable rules that we  may establish. We have the right in our sole discretion to edit or remove any material  submitted to or posted through the Qapital Service without prior notice. Without limiting  the foregoing, we have the right, but not the obligation, to remove any material that  Qapital, in its sole discretion, finds to be in violation of these Terms and Conditions or 

otherwise objectionable, and you are solely responsible for the User Content that you  post to the Qapital Service. Moreover, Qapital may terminate your ability to submit User  Content if you are determined to be a repeat infringer and/or repeatedly violate the  below User Conduct requirements. 

• Disclosures of User Content. You acknowledge and agree that Qapital may store and/or  preserve User Content and may also disclose User Content and/or other information  provided by you if required to do so by law, rule, regulation, order or other legal,  administrative, judicial or governmental process, including but not limited to an audit or  examination by a regulatory authority or self-regulatory organization (or by oral  questions, interrogatories, requests for information or documents, subpoena, civil  investigative demand or similar process) (collectively, “Law”) or in the good faith belief  that such preservation or disclosure is reasonably necessary to: (a) enforce the terms of  these Terms and Conditions; (b) respond to claims that any User Content violates the  rights of third parties; and/or (c) protect the rights, property, or personal safety of Qapital  users, its representatives and/or agents, or the public. 
• Notice of Copyright Infringement. If you are a copyright owner or an agent thereof and  believe that any content on the Qapital Service infringes upon your copyright, you may  notify Qapital by providing the following information in writing: 
• A physical or electronic signature of a person authorized to act on behalf of the owner of  an exclusive copyright right that is allegedly infringed; 
• Identification of the location where the original or an authorized copy of the copyrighted  work exists; 
• Identification of the material that is claimed to be infringing and a description of the  infringing activity and information reasonably sufficient to permit Qapital to locate the  same; 
• Information reasonably sufficient to permit Qapital to contact you, such as an address,  telephone number, and, if available, an email address;
• A statement that you have a good faith belief that use of the material in the manner  complained of is not authorized by the copyright owner, its agent, or the law; and
• A statement that the information in the notification is accurate, and, under penalty of perjury, that you are authorized to act on behalf of the owner of an exclusive copyright  right that is allegedly infringed. 

Our agent for notice of claims of copyright infringement can be reached as follows: 

Qapital, LLC 

169 Madison Avenue, #2002 

New York, NY 10016 

Email: legal@qapital.com 

You acknowledge that if you fail to comply with all of the requirements above, your notice may  not be valid. 

5. User Conduct 

You understand and agree not to use the Qapital Service to: 

• Post or upload images, content or initiate communications which are unlawful, libelous,  abusive, obscene, discriminatory, or otherwise objectionable. 
• To violate any Law or for any illegal purpose, including, without limitation, any Law  governing theft, wire fraud, money laundering, conversion and any Law relating to  financial services or cybercrime. 
• Contribute (or purport to contribute) funds to a goal, or create (or purport to create) a  goal to which others could make contributions, for the purpose of money laundering or  other illegal transferring of funds.
• Falsely state, impersonate, or otherwise misrepresent your identity, including but not  limited to the use of a pseudonym, or misrepresenting your current or previous positions  and qualifications, or your affiliations with a person or entity, past or present. 
• Upload, post, email, transmit or otherwise make available any content, or initiate  communications which include information, that you do not have the right to disclose or  make available under any Law or under contractual or fiduciary relationships (such as insider information, or proprietary and confidential information learned or disclosed as  part of employment relationships or under nondisclosure agreements). 
• Upload, post, email, transmit or otherwise make available any content, or initiate  communication that infringes upon patents, trademarks, trade secrets, copyrights or  other proprietary rights. 
• Upload, post, email, transmit or otherwise make available any unsolicited or  unauthorized advertising, promotional materials, “junk mail”, “spam”, “chain letters”,  “pyramid schemes”, or any other form of solicitation. This prohibition includes but is not  limited to: (a) using the Qapital Service to send messages to people who don’t know you  or who are unlikely to recognize you as a known contact; (b) using the Qapital Service to  connect to people who don’t know you and then sending unsolicited promotional  messages to those direct connections without their permission; and (c) sending  messages to distribution lists, newsgroup aliases, or group aliases. 
• Upload, post, email, transmit or otherwise make available any material that contains  software viruses or any other computer code, files or programs designed to interrupt,  destroy or limit the functionality of any computer software or hardware or  telecommunications equipment. 
• Stalk or harass anyone. 
• Forge headers or otherwise manipulate identifiers in order to disguise the origin of any  communication transmitted through Qapital. 
• Post content in fields that are not intended for that content. Example: Putting an address  in a name or title field.
• Interfere with or disrupt Qapital or servers or networks connected to Qapital, or disobey  any requirements, procedures, policies or regulations of networks connected to Qapital. 

6. Access and Interference 

You agree that you will not, directly or indirectly: 

• Use any robot, spider, scraper, deep link or other similar automated data gathering or  extraction tools, program, algorithm or methodology to access, acquire, copy or monitor  the Qapital Service or any portion of the Qapital Service; 
• Use or attempt to use any engine, software, tool, agent, or other device or mechanism  (including without limitation browsers, spiders, robots, avatars or intelligent agents) to  navigate or search the Qapital Service, other than the search engines and search  agents, if any, available through the Qapital Service and other than generally available  third-party web browsers; 
• Post or transmit any file which contains viruses, worms, Trojan horses or any other  contaminating or destructive features, or that otherwise interfere with the proper working  of the Qapital Service; or 
• Attempt to decipher, decompile, disassemble or otherwise alter or interfere with any of  the software comprising or in any way making up a part of the Qapital Service. 

7. Account Suspension; Closure 

• We reserve the right to do any of the following, at any time, for any reason, without  providing notice to you and without adjustment or refund of any Fees: (1) modify,  suspend, or terminate operation of or access to the Qapital Service, or any portion  thereof, (including, for the avoidance of doubt, your Qapital Account and User Profiles);  (2) modify or change the Qapital Service, and any applicable policies or Terms and 

Conditions related thereto (except as described in our Privacy Policy); and (3) interrupt  the operation of the Qapital Service, or any portion thereof, as necessary to perform any  maintenance or modifications, at our sole discretion. 

• If we suspect an unauthorized transaction relating to any Qapital Account or that the  account was created based on fraudulent information or for a fraudulent or illegal  purpose, we may freeze the account pending further investigation. 
• We may close your Qapital Account at any time with reasonable notice to you.  Reasonable notice depends on the circumstances and is determined in our sole  discretion in accordance with these Terms and Conditions and our Privacy Policy. In  some cases, such as when we cannot verify your identity or we suspect fraud, it might  be reasonable for us to give you notice after the change or account closure becomes  effective. For instance, if we suspect fraudulent activity with respect to your account, we  reserve the right to immediately freeze or close your Qapital Account and then give you  notice. Any funds held in your Qapital Account at the time of termination will be credited  to your Funding Source, unless doing so would be impermissible by law. If Qapital  cannot connect to your Funding Source, you will need to link a new checking account in  order to receive the funds. Notwithstanding the foregoing, if you have $0.05 or less in  your Invest Account (if any) upon termination then no amount will be credited to your  Funding Source, with the amount in your Invest Account used to cover ACH fees and  other charges associated with closing the account. If your Qapital Account has a deficit,  we may pursue collection of such amount. Any items that attempt to post to your Qapital  Account following closure thereof (whether by you or Qapital) will be returned “Account  Closed.” 

8. Your Qapital Account 

• Qapital Basic Account: If you select a Qapital Basic account (your “Basic Account”), any  funds that you direct to be transferred from your Funding Source to your Goals Account, 

either manually via the Qapital App or in accordance with funding rules, which include  “Payday Divvy” and “Savings Rules” within the Qapital Service (“Rules”) you have  established via the Qapital App, will be maintained at one or more of Qapital’s Partner  Banks (chosen in our sole discretion, and subject to change from time to time) for your  benefit in an umbrella fiduciary account for the benefit of Qapital’s users (an “FBO  Account”). The list of Partner Banks into which your Qapital Basic account funds may be  deposited as of March 31, 2025 is Lincoln Savings Bank (“LSB”). All funds held in an  FBO Account are eligible for the benefits of pass-through FDIC insurance coverage,  which means that if one of Qapital’s Partner Banks fails, your funds at that Partner Bank  should be insured by the FDIC for a maximum of $250,000. Note that the FDIC  maximum insurable limit applies to the aggregate of all funds you have deposited with  that Partner Bank, so any other funds you hold in the same capacity at that Partner Bank  outside of your Qapital Account will also count toward the limit. You will not be entitled to  any interest or other earnings that may accrue with respect to the funds held on your  behalf in an FBO Account, and you hereby irrevocably assign and transfer to Qapital any  right or interest that you may have therein. However, you remain the beneficial owner of  the principal amount of the funds held in an FBO Account on your behalf. 

We may from time to time and without notice to you move the funds in your Goals Account from  an FBO Account at one Partner Bank to an FBO Account at another Partner Bank, for liquidity,  backup, storage or any other lawful purpose, but this will not affect your ability to access the  funds in your Goals Account, and you remain the beneficial owner of the funds held in your  Goals Account. 

• Qapital Complete Accounts, Qapital Premier Accounts, and Wedbush Next Accounts: If  you select a Qapital Complete account (your “Complete Account”), a Qapital Premier  account (your “Premier Account”), or a Wedbush Next powered by Qapital account (your  “Wedbush Next Account”) and you choose to open a Spending Account, the associated 

account funds in your Goals Account and Spending Account will be held separately in  your name by LSB in one or more interest-bearing account(s). All accounts and products  provided by LSB are subject to your further agreement to terms and conditions with LSB  that will be provided at the time of opening a Spending Account. You will earn interest or  other earnings that accrue with respect to the funds maintained in those accounts, in  your name, at LSB in accordance with the terms applicable to those accounts from time  to time. In the event that LSB fails, any balances held with LSB are added together and  are insured by the FDIC up to $250,000 per depositor. Note that the FDIC maximum  insurable limit applies to the aggregate of all funds you have deposited with LSB, so any  other funds you hold in the same capacity at LSB outside of your Qapital Account will  also count toward the limit. The Qapital Visa® Debit Card linked to your account is  issued solely by LSB, and Qapital is not responsible for any decisions or actions made  by LSB in its capacity as the Qapital Visa® Debit Card issuer. If you do not choose to  open a Spending Account, your funds will be maintained in an FBO Account as  described above. 

• Qapital Invest: By selecting a Complete Account, Premier Account, or a Wedbush Next  Account and unlocking Qapital Invest, you agree that you are also applying for and  opening a Goals Account and Spending Account held by LSB, as detailed in the clause  above, and in connection therewith may receive a Qapital Visa® Debit Card. Once you  enroll with Qapital Invest, funds from your Funding Source or a Qapital Account (as  selected by you) will be transferred to your Invest Account in accordance with any Rules  you have established via the Qapital App. Note that funds held in a Qapital Invest  account are NOT FDIC INSURED, MAY LOSE VALUE and are NOT BANK  GUARANTEED. However, your Qapital Invest account is SIPC-protected, which means  up to $500,000 ($250,000 in cash) is covered by the Securities Investors Protection  Corporation (SIPC) should the Qapital Partner Broker fail. It’s important to note that  SIPC insurance doesn’t offer protection if you lose money due to market declines.

In order to effectuate transfers to or from your Spending Account to or from your Invest Account,  we may from time to time temporarily move funds to or from your Spending Account to or from  an interim non-interest-bearing account in your name at one of our Partner Banks, but this will  not affect your ability to access the remaining funds in your Spending Account (i.e. funds other  than those with respect to which a transfer has been initiated to your Invest Account), and you  remain the beneficial owner of all of your funds. You understand and agree that by opening an  Invest Account you hereby consent to the creation of such additional account solely to  effectuate such transfer(s) to your Invest Account. 

• Transfer and Withdrawal Limits: Certain limits on transfers to and withdrawals from your  Qapital Account may be imposed pursuant to terms with our Partner Banks and in  connection with Qapital’s ordinary course fraud and security management system.  Inquiries regarding up-to-date transfer and withdrawal limits should be directed to  support@qapital.com or support@wedbushnext.com (applicable to Wedbush Next  Accounts) with respect to your Goals Account or Spending Account, or  

support@qapitalinvest.com or wedbush-next@qapitalinvest.com (applicable to Wedbush  Next Accounts) with respect to your Invest Account. 

• Changing your Subscription Plan. If you select a user experience tier on the Qapital  Service that is subject to a Subscription Fee, you may elect to change your subscription  plan at any time. If you upgrade your plan, the change shall take effect, and you will be  charged the prorated difference between the price of your current plan and your new  plan for the current billing period, immediately. If you downgrade your plan, the change  and the applicable subscription fee associated therewith will be reflected at the  beginning of your next billing cycle. If you have a Spending Account and elect to change  your subscription plan from a Complete Account or Premier Account to a Basic Account,  you will no longer be able to withdraw from your Spending Account using your Qapital  Visa® Debit Card. Your Spending Account and Invest Account (if applicable) will,  however, otherwise remain open for withdrawals and transfers for thirty (30) days 

following the date you downgrade to a Basic Account, though no deposits may be made  into your Spending or Invest Accounts during that time. At the conclusion of the thirty  (30) days, your Spending Account and Invest Account will be closed, and the balance  will be transferred to your most recently created savings goal in your Basic Account. 

9. Authorization to Initiate ACH transactions 

By accepting these terms and conditions you authorize Qapital and/or our third-party processor  partners to initiate ACH credit and/or debit transactions between your Funding Source and your  Qapital Account. These transactions will either be initiated in the Qapital App by you (“Manual  Transfers”) or initiated by Qapital including, without limitation, transactions based on Rules you  have set up through the Qapital Service or with respect to payment of fees and/or other  amounts owing by your use of the Qapital Service. The frequency and amount of these ACH  credit and/or debit transactions will be determined by your Manual Transfers or your Rules.  Periodic ACH transactions will be generated by Qapital to move funds from your Funding  Source to your Goals Account or Spending Account (as applicable) based on the Rules you  have established. Manual Transfers will be processed when authorized by your entry. 

For your security, transfers from your Funding Source to your Goals Account will not be  immediately available for withdrawal back to your Funding Source until a period of four (4)  business days has elapsed. 

Subject to the prior sentence, Manual Transfers can be initiated for same-day transfer or  withdrawal (“Express Transfers”) from your Goals Account or Spending Account if received  before 11 a.m. Central Time, Monday through Friday on non-bank holidays, for an additional  fee. You authorize Qapital and/or our third-party processor partners to initiate ACH credit and/or  debit transactions from your Funding Source and/or Qapital Account to process any such  Express Transfer fees.

You further authorize Qapital and/or our third-party processor partners to initiate ACH credit  and/or debit transactions to or from your Funding Source and/or Qapital Account to correct any  erroneous credit or debit activity or to pay any return fees described in the “Payment of Fees”  subsection of Section 3 of these Terms and Conditions. 

You understand that this authorization will remain in full force and effect until you notify Qapital  that you wish to revoke this authorization. You understand that Qapital requires at least three (3)  business days’ prior notice in order to cancel this authorization. You agree not to initiate any  transfers which would cause your Qapital Account to have a deficit. 

10. Funding Source Verification 

The Funding Source verification process is in place to ensure a Funding Source is compatible  with the Qapital Service and supports ACH transfers, and to verify external Funding Source  account ownership. 

One of two methods are used to successfully verify a Funding Source: 

(1) The external funding source will be accessed by our data integration partner and ownership  and ACH support will be verified; or 

(2) Two small credit transactions will be sent for processing to the external Funding Source. The  amounts of those credits will then be immediately debited out of the Funding Source. You will  need to verify the external Funding Source by entering the deposit amounts in the required  fields provided in your Qapital Account. You will be responsible for any fees or penalties  assessed by a financial institution that may occur by validating this funding source. 

11. Overdraft Protection Feature

Qapital uses an automatic fail-safe mechanism that kicks in if a transfer initiated from Qapital  would leave your funding account with less than $100. The overdraft fail-safe is designed to  help prevent overdrafts, but due to the nature of ACH transfers, it does not recognize any  transactions that are made after the Qapital transaction is initiated. This fail-safe does not apply  to Subscription Fees. Qapital is not responsible for overdraft or insufficient funds fees that your  financial institution might charge. For the fail-safe mechanism to operate, your external account  needs to be verified with Qapital. New accounts, accounts undergoing a funding account  change, or accounts experiencing a connection error may not be considered verified. 

12. Early Direct Deposit 

For certain eligible direct deposits, our Partner Banks may make funds available in your Qapital  Account up to two days before the bank receives the funds from your payor (“Early Direct  Deposit”). When funds are made available early, they will be reflected in your Qapital Account’s  available balance. Whether funds will be made available early depends on (1) when the Partner  Bank receives the payor’s payment instructions, (2) any limitations the Partner Bank sets on the  amount of early availability, and (3) standard fraud prevention screening. Qapital does not  guarantee that any direct deposits will be made available before the date scheduled by the  payor, and early availability of funds may vary between direct deposits from the same payor. It  is your obligation to verify that the funds are available in your account before spending them. 

Not all direct deposits are eligible for Early Direct Deposit. Eligible direct deposits are generally  limited to electronic direct deposits such as your payroll, pension, and government benefit  payments that are made through ACH transfer. Most other deposits or credits to your Qapital  Account, such as deposits of funds from person-to-person payments services (e.g., Zelle®,  Venmo, or PayPal transfers), check or mobile deposits, instant payments processed through the  RTP® network or FedNow service, and other online transfers are not eligible for Early Direct  Deposit. If a direct deposit is not made available early, it will be made available in accordance 

with the Partner Bank’s standard availability of funds policy. Funds made available early are  otherwise subject to the same terms and conditions as other deposits to your Qapital Account. 

If funds have been made available early and the payor reverses or requests a return of the  deposit, or the funds are otherwise uncollected by the Partner Bank, you understand and agree  that your Qapital Account may be debited up to the amount of the deposit that was previously  made available — even if you have already withdrawn the funds or it creates an overdraft on  your account. In this instance, you are responsible for any fees assessed — including those  charged by merchants or third-parties — as a result of the overdraft. Early Direct Deposit is  offered at the discretion of the Partner Bank, and we reserve the right to cancel the service at  any time and without notice to you. 

13. Shared Goals; Dream Team 

If you select a user experience tier on the Qapital Service that is subject to a Subscription Fee,  Qapital provides you with the ability to share your goals with and send messages between other  Qapital account holders that you designate. Where you share your goals through use of the  Qapital Service, all Clients sharing that specific goal will have the ability to view the total saved  by others sharing that goal as well as the transaction detail of money saved toward that goal.  You agree that by inviting others to share one of your goals, others sharing that goal will be able  to view the amount of your savings towards that goal. You agree that by accepting an invitation  to share a goal, others sharing that goal will be able to view your data, solely as it applies to that  goal. 

As a part of the Qapital Service, Qapital may also provide you with Dream Team; a feature  which gives you the ability to share your goals and Spending Account information with another  Qapital account holder that you designate, such as a family member (“Dream Team,” and such  person who also agrees to such sharing, your “Dream Team Partner”). When you and your  Dream Team Partner opt in to Dream Team, your Dream Team Partner may import and view 

your account information. Dream Team also allows you to send money from your Qapital  Spending Account to your Dream Team Partner’s Qapital Spending Account at your initiation.  You understand that once you initiate such a transfer, you will have no ability to stop or cancel  it. 

YOU ACKNOWLEDGE SOLE RESPONSIBILITY FOR AND ASSUME ALL RISK ARISING  FROM SHARING ACCOUNT INFORMATION WITH OTHER QAPITAL USERS. QAPITAL IS  NOT RESPONSIBLE FOR ANY CONSEQUENCE OF ANY USE OR DISCLOSURE OF YOUR  ACCOUNT INFORMATION BY YOU OR ANY QAPITAL USER WITH WHOM YOU SHARE  YOUR ACCOUNT INFORMATION. 

14. Gift Subscription 

For users who select a user experience tier on the Qapital Service that is subject to Subscription  Fee, “Gift Subscriptions” are subscription codes enabling a single-user Free Trial to the Qapital  Service for a fixed period of time. A person who purchases the Gift Subscription is referred to in  this Section as the “Giftor”. A person who receives and redeems a Gift Subscription to the  Qapital Service is referred to in these terms as the “Recipient”. Gift Subscriptions are paid for by  a one-time upfront payment. Once bought, the Giftor will receive an order confirmation in the  Qapital App. The Gift Subscription can be sent to the Recipient via email, text or another  method selected by the Giftor. In order to use the Gift Subscription, the Recipient must already  be a Qapital user or will need to become one. Gift Subscription codes can only be used once  and cannot be redeemed for cash, resold or combined with any other offers, including other  Free Trials. We will automatically charge the Giftor for any purchased Gift Subscription at the  time of purchase, not upon delivery. There are no refunds or other credits for any Gift  Subscription that is not ultimately redeemed. Recipient can cancel or change their Qapital  subscription at any time. Qapital is not responsible if a Gift Subscription is lost, stolen or used  without permission. Gift Subscriptions may not be resold and have no cash value.

15. Third-party Service Providers 

Qapital engages third parties in order to provide certain aspects of the Qapital Service to you.  Third-party services are used to, among other things: verify your identity, speed up and  streamline on-boarding, issue cards, process savings transactions, provide connectivity to other  third parties (such as third-party financial institutions or service providers), retrieve financial  data, and aggregate data. These third parties will have access to information provided by you to  Qapital so that they can provide you with the Qapital Service or with the bank account services  you register for in connection with the Qapital Service. These third parties may also have  additional terms that apply to your use of their services (e.g., a separate terms and conditions or  privacy policy), which we do not control and, to the fullest extent permitted by law, disclaim all  responsibility and liability for. Qapital may employ different or additional third parties for these  services from time to time in its sole discretion. In addition, to the extent that Qapital is  permitted to undertake any action under these Terms and Conditions, you agree that we may  permit our third-party financial institutions or subcontractors to undertake such action on our  behalf. 

You agree Qapital may access any account you have set up through our third-party service  providers in connection with the Qapital Service. We may use that information in order to  provide you with the Qapital Service, to develop our products and services, and for our internal  business purposes. 

IF YOU DECIDE TO OPEN AN INVESTMENT ACCOUNT WITH QAPITAL INVEST, YOU  MUST ENTER INTO A CLIENT AGREEMENT AND BROKERAGE AGREEMENT WITH A  PARTNER BROKER SELECTED BY QAPITAL. YOU ACKNOWLEDGE AND AGREE THAT IF  YOU OPEN AN INVESTMENT ACCOUNT WITH QAPITAL INVEST AND ANY TERM IN  THESE TERMS AND CONDITIONS CONFLICTS WITH THE CLIENT AGREEMENT AND/OR 

BROKERAGE AGREEMENT, SUCH AGREEMENTS SHALL CONTROL OVER THESE  TERMS AND CONDITIONS. 

The foregoing examples are intended to be illustrative and are not intended to be a  comprehensive list of all third party service providers engaged by Qapital. 

16. Timeliness and Accuracy of External Data 

As part of the Qapital Service, Qapital will retrieve certain account information from your Bank  Accounts. Qapital works with one or more online financial service providers to access this  account information. Qapital makes no effort to review the account information for any purpose,  including but not limited to accuracy, legality or non-infringement. Qapital is not responsible for  the products and services offered by or on third-party sites. 

Qapital cannot always foresee or anticipate technical or other difficulties which may result in  failure to obtain data or loss of data, personalization settings or other service interruptions.  Qapital cannot assume responsibility for the timeliness, accuracy, deletion, non-delivery or  failure to store any user data, communications or personalization settings. For example, when  displayed through the Qapital Service, account information is only as fresh as the time shown,  which reflects when the information is obtained from such sites. Such information may be more  up-to-date when obtained directly from the relevant sites. You can refresh your account  information through the Qapital Service, in the manner prescribed in the associated instructions. 

17. Alerts 

• Automatic Alerts. Qapital may from time to time provide automatic alerts. Automatic  alerts may be sent to you following certain changes made online to your User Profile or  your Accounts. Electronic alerts will be sent to the email address and/or mobile number  you have provided. If your email address or your mobile number changes, you are 

responsible for informing us of that change. Changes to your email address or mobile  number will apply to all of your alerts. Because alerts are not encrypted, we will never  include your passcode. However, alerts may include your Qapital username and some  information about your Bank Accounts. 

• Disclaimer. You understand and agree that any alerts provided to you through the  Qapital Service may be delayed or prevented by a variety of factors. Qapital does its  best to provide alerts in a timely manner with accurate information. However, we neither guarantee the delivery nor the accuracy of the content of any alert. You also agree that  Qapital shall not be liable for any delays, failure to deliver, or misdirected delivery of any  alert; for any errors in the content of an alert; or for any actions taken or not taken by you  or any third party in reliance on an alert. 

18. Qapital’s Intellectual Property Rights 

• Contents. The contents of the Qapital Service, including, without limitation, our websites,  the Qapital App, their respective “look and feel” (e.g., text, graphics, images, logos and  button icons), photographs, editorial content, notices, software (including, without  limitation, html-based computer programs), trademarks, trade names and/or service  marks, and all materials incorporated herein are protected under both United States and  other applicable copyright, trademark and intellectual property laws. The contents of the  Qapital Service belong or are licensed to Qapital or its software or content suppliers.  Qapital grants you the right to view and use the Qapital Service subject to these Terms  and Conditions. You may download or print a copy of information provided on the  Qapital Service for your personal, internal and non-commercial use only. Any  distribution, reprint or electronic reproduction of any content from the Qapital Service in  whole or in part for any other purpose is expressly prohibited without our prior written  consent.
• Feedback. While we welcome your feedback, ideas, and suggestions, it is important to  be aware of the following restrictions. If you send us feedback, ideas, or suggestions  (collectively, “Feedback”), you represent, warrant and agree that: (1) you grant us all  rights in your Feedback, your Feedback becomes the property of Qapital immediately  upon your providing it to us, and you are not owed any compensation in exchange; (2)  none of the Feedback contains confidential or proprietary information of any third party;  (3) Qapital may use or redistribute Feedback for any purpose and in any way; (4) there  is no obligation for Qapital to review your Feedback; and (5) Qapital has no obligation to  keep any Feedback confidential. You agree that upon reasonable request by us, you will  take any steps and actions, and provide any cooperation and assistance to us and our  successors, assigns, and legal representatives, including the execution and delivery of  any affidavits, declarations, oaths, exhibits, assignments, powers of attorney, or other  documents, as may be necessary to effect, evidence, or perfect the assignment of the  Feedback to us, or to our assignee or successor.  

19. Disclaimer Regarding Use of Mobile Devices 

Use of the Qapital Service is made available through compatible mobile devices, internet and/or  network access and may require software. You agree that you are solely responsible for these  requirements, including any applicable changes, updates and fees as well as the terms of your  agreement with your mobile device and telecommunications provider. QAPITAL MAKES NO  WARRANTIES OR REPRESENTATIONS OF ANY KIND, EXPRESS, STATUTORY OR  IMPLIED AS TO: (i) THE AVAILABILITY OF TELECOMMUNICATION SERVICES FROM  YOUR PROVIDER AND ACCESS TO THE QAPITAL SERVICE AT ANY TIME OR FROM ANY  LOCATION; (ii) ANY LOSS, DAMAGE, OR OTHER SECURITY INTRUSION OF THE  TELECOMMUNICATION SERVICES; AND (iii) ANY DISCLOSURE OF INFORMATION TO  THIRD PARTIES OR FAILURE TO TRANSMIT ANY DATA, COMMUNICATIONS OR  SETTINGS CONNECTED WITH THE QAPITAL SERVICE.

20. Disclaimer of Representations and Warranties 

THE CONTENT AND ALL SERVICES AND PRODUCTS ASSOCIATED WITH THE QAPITAL  SERVICE ARE PROVIDED TO YOU ON AN “AS-IS” AND “AS AVAILABLE” BASIS. QAPITAL  MAKES NO REPRESENTATIONS OR WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED,  AS TO THE CONTENT OR OPERATION OF THE QAPITAL SERVICE. YOU EXPRESSLY  AGREE THAT YOUR USE OF THE QAPITAL SERVICE IS AT YOUR SOLE RISK. 

QAPITAL MAKES NO REPRESENTATIONS, WARRANTIES OR GUARANTEES, EXPRESS  OR IMPLIED, REGARDING THE ACCURACY, RELIABILITY OR COMPLETENESS OF THE  CONTENT ON THE QAPITAL SERVICE, AND EXPRESSLY DISCLAIMS ANY WARRANTIES  OF NON-INFRINGEMENT OR FITNESS FOR A PARTICULAR PURPOSE. QAPITAL MAKES  NO REPRESENTATION, WARRANTY OR GUARANTEE THAT THE CONTENT THAT MAY  BE AVAILABLE THROUGH THE QAPITAL SERVICE IS FREE OF INFECTION FROM ANY  VIRUSES OR OTHER CODE OR COMPUTER PROGRAMMING ROUTINES THAT CONTAIN  CONTAMINATING OR DESTRUCTIVE PROPERTIES OR THAT ARE INTENDED TO  DAMAGE, SURREPTITIOUSLY INTERCEPT OR EXPROPRIATE ANY SYSTEM, DATA OR  PERSONAL INFORMATION. 

21. Limitations on Qapital’s Liability 

QAPITAL SHALL IN NO EVENT BE RESPONSIBLE OR LIABLE TO YOU OR TO ANY THIRD  PARTY, WHETHER IN CONTRACT, WARRANTY, TORT (INCLUDING, WITHOUT  LIMITATION, NEGLIGENCE) OR OTHERWISE, FOR ANY INDIRECT, SPECIAL,  INCIDENTAL, CONSEQUENTIAL, EXEMPLARY, LIQUIDATED OR PUNITIVE DAMAGES,  INCLUDING BUT NOT LIMITED TO LOSS OF PROFIT, REVENUE OR BUSINESS, ARISING  IN WHOLE OR IN PART FROM YOUR ACCESS (OR LACK OF ACCESS) TO THE QAPITAL  SERVICE, YOUR USE (OR NON-USE) OF THE QAPITAL SERVICE, OR ANY MATTER 

RELATING TO THESE TERMS AND CONDITIONS, EVEN IF QAPITAL HAS BEEN ADVISED  OF THE POSSIBILITY OF SUCH DAMAGES. NOTWITHSTANDING ANYTHING TO THE  CONTRARY IN THESE TERMS AND CONDITIONS, QAPITAL’S LIABILITY TO YOU FOR  ANY CAUSE WHATEVER AND REGARDLESS OF THE FORM OF THE ACTION, WILL AT  ALL TIMES BE LIMITED TO $500.00 (FIVE HUNDRED UNITED STATES DOLLARS),  EXCEPT ONLY TO THE EXTENT ARISING FROM GROSS NEGLIGENCE, WILLFUL  MISCONDUCT OR OTHER CAUSE FOR WHICH APPLICABLE LAW DOES NOT PERMIT  SUCH LIMITATION. 

TO THE FULLEST EXTENT PERMITTED BY LAW, QAPITAL WILL NOT ACCEPT OR HAVE  ANY LIABILITY IN THE EVENT OF UNAUTHORIZED USE OF YOUR QAPITAL ACCOUNT,  THE CONDUCT OF FRAUDULENT OR ILLEGAL ACTIVITIES VIA YOUR QAPITAL  ACCOUNT, ANY INABILITY TO TRANSACT OR PROBLEMS RELATED TO POOR  INTERNET ACCESS, MOBILE DEVICE OR COMPUTER FAILURE OR OTHER  COMMUNICATION ISSUES, OR ANY ISSUES RELATED TO THE TIMELY EXECUTION OF A  PAYMENT, TRANSFER, DEPOSIT OR SIMILAR. 

YOU ARE SOLELY RESPONSIBLE FOR EVALUATING THE MERITS AND RISKS  ASSOCIATED WITH THE USE OF THE QAPITAL SERVICE, INCLUDING ANY INVESTMENT  ADVISORY SERVICES PROVIDED THROUGH THE QAPITAL SERVICE, BEFORE MAKING  ANY INVESTMENT OR OTHER DECISION BASED UPON THE SAME. YOU AGREE THAT  QAPITAL SHALL NOT BE LIABLE, AND YOU AGREE NOT TO SEEK TO HOLD QAPITAL  LIABLE, FOR ANY POSSIBLE CLAIM FOR DAMAGES ARISING FROM ANY DECISION YOU  MAKE BASED ON YOUR USE OF THE QAPITAL SERVICE OR ANY RELATED CONTENT.  NOTWITHSTANDING THE FOREGOING, OR ANYTHING ELSE TO THE CONTRARY IN  THESE TERMS AND CONDITIONS, NOTHING MODIFYING RESTRICTING, OR  ELIMINATING THE DUTIES OR LIABILITIES OF QAPITAL INVEST SHALL APPLY TO, OR IN  ANY WAY LIMIT, THE DUTIES (INCLUDING STATE LAW FIDUCIARY DUTIES) OR 

LIABILITIES WITH RESPECT TO MATTERS ARISING UNDER THE FEDERAL SECURITIES  LAWS. 

YOUR ELECTION TO USE THE QAPITAL SERVICE IS SUBJECT TO ALL AGREEMENTS OR  DOCUMENTATION REQUIRED TO BE ENTERED INTO OR ACKNOWLEDGED BY YOU IN  CONNECTION THEREWITH, INCLUDING, WITHOUT LIMITATION YOUR ACCEPTANCE OF  DOCUMENTS WITH RESPECT TO YOUR QAPITAL ACCOUNT AND ANY SEPARATE  AGREEMENTS RELATING TO QAPITAL INVEST. 

QAPITAL RESERVES THE RIGHT TO CANCEL OR RESTRICT YOUR ACCESS TO THE  QAPITAL SERVICE WITHOUT NOTICE TO YOU. QAPITAL IS NOT RESPONSIBLE FOR  DAMAGES SUFFERED BY YOU OR ANY INCONVENIENCE CAUSED DIRECTLY OR  INDIRECTLY BY OUR SUSPENSION OR TERMINATION OF YOUR ACCESS TO THE  QAPITAL SERVICE. 

22. Indemnification 

By accepting these Terms and Conditions, you agree to indemnify, defend, and otherwise hold  harmless Qapital, LLC, Qapital Invest, LLC and each of their respective affiliates and each of  their respective officers, directors, employees, agents, partners and representatives from any  and all losses and damages (whether direct, indirect, incidental, special, consequential, punitive  or exemplary) and costs and expenses (including reasonable attorneys’ fees and expenses)  arising out of or relating to: (i) your use or misuse of the Qapital Service, (ii) unauthorized  access to or alteration of your communications with or through the Qapital Service, (iii) any  mismatched, incorrect, or incomplete identifying information regarding your Funding Source or  in payment instructions for any ACH transfer, or (iv) any breach of these Terms and Conditions. 

IN THE EVENT THAT YOUR QAPITAL ACCOUNT HAS A DEFICIT (I.E. A NEGATIVE  BALANCE) AT ANY TIME FOR ANY REASON, QAPITAL SHALL HAVE THE RIGHT, IN ITS 

SOLE DISCRETION, TO CLOSE THE ACCOUNT WITHOUT PRIOR NOTICE. YOU AGREE  TO BE RESPONSIBLE FOR, AND PROMPTLY PAY TO QAPITAL, THE AMOUNT OF ANY  DEFICIENCY IN ANY SUCH QAPITAL ACCOUNT. WITHOUT LIMITING ANY OTHER  PROVISION OF THESE TERMS AND CONDITIONS (INCLUDING THE PARAGRAPH ABOVE  REGARDING GENERAL INDEMNIFICATION), IN THE EVENT THAT QAPITAL (THROUGH  ITSELF OR A THIRD PARTY ACTING ON ITS BEHALF) ELECTS TO PURSUE  RECOUPMENT OF THE DEFICIT IN ANY ACCOUNT, SUCH DEFICIT SHALL ESTABLISH  THE AMOUNT OF YOUR INDEBTEDNESS OWING TO QAPITAL. YOU AGREE TO  REIMBURSE AND HOLD QAPITAL HARMLESS FOR ALL ACTIONS, OMISSIONS, COSTS,  EXPENSES, FEES (INCLUDING, BUT NOT LIMITED TO, ATTORNEY’S FEES AND ANY  EXPENSES), PENALTIES, LOSSES, CLAIMS OR LIABILITIES ASSOCIATED WITH ANY  SUCH DEFICIT IN YOUR ACCOUNT AND ANY ACTION TAKEN BY QAPITAL TO RECOUP  THE SAME. 

23. Term and Termination 

Until your access to the Qapital Service is terminated by either you or Qapital, these Terms and  Conditions will remain in force. NOTE THAT SIMPLY DELETING THE QAPITAL APP FROM  YOUR MOBILE DEVICE DOES NOT TERMINATE YOUR QAPITAL ACCOUNT, NOR DOES IT  STOP ANY RULES YOU HAVE ESTABLISHED. If you wish to terminate your Qapital Account,  you may do so as described under Account Deletion under Your Choices in our Privacy Policy.  If you simply wish to or pause or stop your Rules, you may do so within the Qapital App. 

If you do not make use of the Qapital Service for a designated amount of time, applicable Law  may require Qapital to report these funds in your account as unclaimed property. Should this  occur, we may try to locate you at the contact information you provided to us. If our attempts fail  and we cannot locate you, we may be required, depending on state Law, to report your funds as 

unclaimed property. The designated amount of time to report the funds as unclaimed varies,  based on the state, but typically falls in a range of two to five years. 

24. Governing Law and Forum for Disputes 

These Terms and Conditions, and your relationship with Qapital under these Terms and  Conditions, shall be governed by the laws of the State of New York without regard to conflicts of  law principles. Any dispute with Qapital, or its officers, directors, employees, agents or affiliates,  arising out of or relating to these Terms and Conditions shall be resolved exclusively through  arbitration as set forth in the Section below, except with respect to imminent harm requiring  temporary or preliminary injunctive relief in which case the parties may seek such relief from the  United States District Court for the Southern District of New York or any other court of  competent jurisdiction. Any such relief granted by the court shall remain in effect only until an  arbitrator can be empaneled and determine whether such relief should be continued, modified  or terminated. You understand that, in return for agreement to this provision, Qapital is able to  offer the Qapital Service on the terms designated. Your assent to this provision is an  indispensable consideration to these Terms and Conditions. 

25. BINDING ARBITRATION AND CLASS ACTION WAIVER 

PLEASE READ THESE “BINDING ARBITRATION” AND “CLASS ACTION WAIVER”  PROVISIONS CAREFULLY, BECAUSE THEY REQUIRE YOU TO ARBITRATE ALL  DISPUTES WITH QAPITAL AND LIMIT THE MANNER IN WHICH YOU CAN SEEK RELIEF.  WHILE YOU MUST AGREE TO THESE PROVISIONS AS TO ANY AND ALL CLAIMS, THERE  IS AN OPTION, DESCRIBED BELOW, TO OPT OUT OF RETROACTIVE APPLICATION OF  THE ARBITRATION AND CLASS WAIVER PROVISIONS TO ANY EXISTING CLAIMS. THE  OPTION TO OPT OUT IS TIME-LIMITED TO THIRTY (30) DAYS AND REQUIRES YOUR  IMMEDIATE ATTENTION.

THESE PROVISIONS GENERALLY PRECLUDE YOU FROM BRINGING ANY CLASS,  COLLECTIVE, OR REPRESENTATIVE ACTION AGAINST QAPITAL. THEY ALSO  PRECLUDE YOU FROM PARTICIPATING IN OR RECOVERING RELIEF UNDER ANY PAST,  PENDING, OR FUTURE CLASS, COLLECTIVE, OR REPRESENTATIVE ACTION AGAINST  QAPITAL BY SOMEONE ELSE. ARBITRATION PRECLUDES YOU FROM SUING IN COURT  OR FROM HAVING A JURY TRIAL. 

Qapital seeks to address all the concerns of its customers without the need for a formal legal  dispute. Before filing a claim against Qapital, you agree to try to resolve any Dispute (as defined  below) informally by contacting support@qapital.com or support@wedbushnext.com (applicable  to Wedbush Next Accounts). Similarly, if you have provided an email address to us as part of  your Account registration, Qapital agrees to do the same. If a Dispute is not resolved within 30  days after the email noting the Dispute is sent, you or Qapital may initiate an arbitration  proceeding as described below. 

Except for disputes relating to your or Qapital’s intellectual property (such as trademarks, trade  dress, domain names, trade secrets, copyrights and patents), you agree that all past, pending,  or future disputes between you and Qapital (whether or not such dispute involves a third party)  including those arising out of or relating to these Terms and Conditions (including enforcement,  

construction, validity, interpretation, enforceability, or arbitrability of the Terms and Conditions),  the Qapital Service, and/or our Privacy Policy or any other dispute between you and Qapital or  any of Qapital’s licensors, distributors, suppliers or agents (including any application store or  platform from which the Qapital Service is accessed or downloaded) (“Disputes”) shall be finally  resolved by arbitration. BY AGREEING TO ARBITRATE, EACH PARTY IS EXPRESSLY  WAIVING ITS RIGHT TO GO TO COURT AND HAVE ANY DISPUTE HEARD BY A JUDGE  OR JURY.  

Arbitration shall be before a single arbitrator conducted in the English language under the  Commercial Arbitration Rules of the American Arbitration Association (“AAA”) and the 

Supplementary Procedures for Consumer Related Disputes in effect at the time arbitration is  sought. The Arbitration shall be held in New York, New York, U.S.A., or, at your election, will be  conducted telephonically or via other remote electronic means. This Section shall be construed  under and be subject to the Federal Arbitration Act, notwithstanding any other choice of law set  out in these Terms and Conditions. You and Qapital shall appoint as sole arbitrator a person  mutually agreed by you and Qapital or, if you and Qapital cannot agree within thirty (30) days of  either party’s request for arbitration, such single arbitrator shall be selected by the AAA upon the  request of either party. If you assert a Dispute as an individual, you will only be required to pay  $250 of the fees charged in connection with any arbitration under this Section, and Qapital will  bear all other costs charged by the arbitrator, including any remaining Case Management Fee  and all professional fees for the arbitrator’s services. You will still be responsible for paying your  own attorneys’ fees and costs, except that the substantially prevailing party shall be entitled to  an award of reasonable attorneys’ fees and costs incurred in connection with the arbitration (the  reasonableness of any fees to be as determined by the arbitrator). All decisions of the arbitrator  shall be final and binding on both parties and enforceable in any court of competent jurisdiction.  Notwithstanding this, application may be made to any court for a judicial acceptance of the  award or order of enforcement. Under no circumstances shall the arbitrator be authorized to  award damages, remedies or awards that conflict with these Terms and Conditions or to award  punitive damages; this limitation includes but is not limited to the exclusion of any damages  pursuant to federal or state statutes permitting multiple or punitive awards. 

YOU ARE WAIVING YOUR RIGHT TO PARTICIPATE IN A CLASS ACTION. Whether any  dispute is heard in arbitration or in court, the parties agree that any claims brought by them must  be brought in that party’s individual capacity, and not as a plaintiff or class member in any  purported class or representative proceeding, class action, or class arbitration. You hereby  waive any and all rights to bring any claims related to any Disputes as a plaintiff or class  member in any purported class or representative proceeding or to participate in any class  action. You may bring claims only on your own behalf. By accepting this agreement, you give 

up your right to participate in any past, pending or future class action or any other consolidated  or representative proceeding, including any existing as of the date of you agreed to these Terms  and Conditions. In the event that, notwithstanding the foregoing, more than 25 individuals assert  substantially similar claims in arbitration demands filed against Qapital, those arbitration  proceedings shall be consolidated into a single proceeding before a single arbitral panel. 

Whether to agree to arbitration is an important decision. It is your decision to make, and you  ARE NOT REQUIRED TO rely solely on the information provided in these Terms and  Conditions. You should take reasonable steps to conduct further research and to consult with  counsel (at your expense) regarding the consequences of your decision.  

LIMITED OR COMPLETE OPTION TO OPT OUT. YOU MAY OPT OUT OF THE  APPLICATION OF THIS ARBITRATION PROVISION AND CLASS ACTION WAIVER. IF YOU  DO NOT OPT-OUT, THESE TERMS WILL APPLY TO ALL CLAIMS YOU HAVE POSSESSED  OR MAY POSSESS, WHETHER ASSERTED TO DATE OR NOT. IN ORDER TO EXERCISE  YOUR OPTION, YOU MUST DO SO BY FOLLOWING THE INSTRUCTIONS BELOW. NO  OTHER ACTION OR METHOD FOR OPT OUT SHALL BE EFFECTIVE. THE OPTION SHALL  ONLY BE EFFECTIVE TO THE EXTENT YOU HAVE NOT PREVIOUSLY AGREED TO  ARBITRATION AND CLASS WAIVER PROVISIONS WITH QAPITAL. QAPITAL RESERVES  AND DOES NOT WAIVE ANY RIGHT TO ASSERT ANY EARLIER TERMS AND CONDITIONS  INCLUDING ANY EARLIER ARBITRATION AND CLASS WAIVER PROVISIONS.  

PROCEDURE TO OPT OUT OF RETROACTIVE APPLICATION. IF YOU DO NOT WISH TO  AGREE THAT THIS ARBITRATION AND CLASS ACTION WAIVER AGREEMENT SHALL  APPLY, YOU MUST, WITHIN THE THIRTY (30) DAY PERIOD FOLLOWING YOUR  ACCEPTANCE OF THESE TERMS AND CONDITIONS, SEND AN E-MAIL TO  LEGAL@QAPITAL.COM CONTAINING YOUR FULL NAME, ADDRESS, AND THE WORDS  “OPT OUT” IN THE BODY OR SUBJECT LINE OF THE EMAIL.

Even if you opt out of this arbitration agreement, you will remain subject to and bound by any  prior arbitration agreements or provisions you previously agreed to with Qapital. For users who  do not opt out, to the extent these Terms and Conditions in any way conflict with any prior  agreement, these Terms and Conditions control. 

You and Qapital agree that any claims or lawsuits, regardless of form, arising out of or related to  any Dispute must BE FILED within ONE (1) YEAR of the action, omission, event or occurrence  giving rise to the claim or suit, after which such claims will be time-barred and prohibited,  without regard to any longer period of time which may be provided by any period of limitation or  repose by law or statute. Each party shall bear its own costs in the arbitration proceeding. If any  portion of this section entitled “Binding Arbitration and Class Waiver” is determined by a court to  be inapplicable or invalid, then the remainder shall still be given full force and effect. 

These Arbitration provisions will survive the termination of your relationship with Qapital. 26. Automated Clearing House Transactions 

You acknowledge that it is your responsibility to provide correct payment instructions for your  Funding Source to Qapital and its third-party service providers when requested in connection  with the Qapital Service. You agree to be bound by the National Automated Clearing House  Association operating rules and any applicable local ACH operating rules. You acknowledge  that mismatched, incorrect, or incomplete identifying information regarding your Funding Source  or in payment instructions to make a deposit or pay subscription fees may result in an ACH  transfer being rejected, lost, posted to an incorrect account or returned to the bank that  maintains your Funding Source without notice to you. You agree that Qapital and/or its third party service providers may request and that Qapital and/or its third-party service providers may  make ACH transfers solely by reference to the account number of the recipient. Qapital and its  third-party service providers shall not be obligated to determine whether there is a discrepancy 

relating to names or account numbers in transfers between your Qapital Account and your  Funding Source. 

27. Qapital Invest 

Qapital Invest is registered with the SEC as a Registered Investment Adviser. The information  provided on this website or elsewhere via the Qapital Service is for informational and general  educational purposes only and is not investment or financial advice. Past performance is no  guarantee of future results. Any historical returns, expected returns or probability projections are  hypothetical in nature and may not reflect actual future performance. Except as specifically  indicated otherwise in such content, the content provided on this website or elsewhere via the  Qapital Service does not constitute a complete description of Qapital Invest’s investment  advisory services. For more details, see Qapital Invest’s Form CRS and Form ADV, Part 2 here.  Brokerage services are provided to Qapital Invest’s clients by its partner SEC-registered broker dealers, each of which is also a member FINRA/SIPC. As of March 31, 2025, the Qapital Invest  partner brokers are Apex Clearing Corporation and Wedbush Securities Inc. (each, a “Partner  Broker,” and together, the “Partner Brokers”). Nothing on this website or provided via the Qapital  Service should be considered an offer, solicitation of an offer, or advice to buy or sell securities.  Registration with the SEC does not imply any particular level of skill or success, nor has any  information provided by Qapital Invest been approved or endorsed by the SEC. 

28. Platform Provider Rules 

In the event that you are using the Qapital Service through a third-party website or application,  social network, platform or store (“Platform”), you must comply with the terms of use or services  of such Platform (the “Platform Terms”), in addition to these Terms and Conditions, and the  Platform’s privacy policy will apply to any of your interactions with the Platform. The Platform  Terms are incorporated into these Terms and Conditions by reference such that a violation by 

you of the Platform Terms shall be deemed a violation of these Terms and Conditions. In the  event of a conflict between these Terms and Conditions and the Platform Terms, the Platform  Terms shall control solely to the extent the conflict relates to the rights or obligations of the  Platform and not of us. 

If you have downloaded the Qapital App from the Apple, Inc. (“Apple”) App Store or if you are  using the Qapital Service on an iOS device, you acknowledge that you have read, understood  and agree to the following notice regarding Apple. These Terms and Conditions are between  you and Qapital only, not with Apple, and Apple is not responsible for the Qapital Service and  the content thereof. Apple has no obligation whatever to furnish any maintenance and support  

services with respect to the Qapital Service. In the event of any failure of the Qapital Service to  conform to any applicable warranty, then you may notify Apple and Apple will refund any  applicable purchase price for the Qapital App to you. To the maximum extent permitted by  applicable law, Apple has no other warranty obligation whatever with respect to the Qapital  Service. Apple is not responsible for addressing any claims by you or any third party relating to  the Qapital Service or your possession or use of the Qapital Service, including: (1) product  liability claims; (2) any claim that the Qapital Service fails to conform to any applicable legal or  regulatory requirement; and (3) claims arising under consumer protection or similar legislation.  Apple is not responsible for the investigation, defense, settlement and discharge of any third party claim that the Qapital Service infringes that third party’s intellectual property rights. You  agree to comply with any applicable third-party terms when using the Qapital Service. Apple,  and Apple’s subsidiaries, are third-party beneficiaries of these Terms and Conditions, and upon  your acceptance of these Terms and Conditions, Apple will have the right (and will be deemed  to have accepted the right) to enforce these Terms and Conditions against you as a third-party beneficiary of these Terms and Conditions. You hereby represent and warrant that (1) you are  not located in a country that is subject to a U.S. Government embargo, or that has been  designated by the U.S. Government as a “terrorist supporting” country; and (2) you are not listed  on any U.S. Government list of prohibited or restricted parties.

29. Severability 

If any portion of these Terms and Conditions is deemed invalid, unlawful, void or for any reason  unenforceable by any arbitrator or court of competent jurisdiction, these Terms and Conditions  as a whole shall not be deemed unlawful, void or unenforceable, but only that portion of these  Terms and Conditions that is unlawful, void or unenforceable shall be stricken from these Terms  and Conditions, and that portion deemed invalid, unlawful, void, or unenforceable shall not  affect the validity and enforceability of any remaining provisions. 

30. Waiver, Survival, and Other Agreements 

You agree that if Qapital does not exercise or enforce any legal right or remedy which is  contained in these Terms and Conditions, this will not be taken to be a formal waiver of  Qapital’s rights and that those rights or remedies will still be available to Qapital. 

All covenants, agreements, representations and warranties made in these Terms and  Conditions shall survive your acceptance of these Terms and Conditions and the termination of  these Terms and Conditions. 

These Terms and Conditions represent the entire understanding and agreement between you  and Qapital regarding the subject matter of the same, and supersede all other previous  agreements, including any prior version of the Qapital Terms and Conditions. Each of the  entities in the Qapital company group that are not a party to these Terms and Conditions,  including without limitation Qapital Stack, Inc. and Qapital Insight Technology AB, are intended  third-party beneficiaries of these Terms and Conditions and shall therefore be entitled to the  benefit hereof and to enforce the terms and conditions hereof in each of their respective names  as if each of them were each a party hereto. 

31. Legal Notice for New Jersey Residents

If you are a New Jersey resident, no provision in these Terms and Conditions, including the  Limitations of Liability, will apply to you if the provision limits your remedies to the extent we  were negligent or reckless or we have breached any obligation to you and caused you damage.