Document:

EX-10.22

 Exhibit 10.22 

SERVICES AGREEMENT BETWEEN 

APEX CLEARING CORPORATION 

AND APEX CRYPTO LLC 
 This
Services Agreement (this “Agreement”), as it may be amended, modified, or replaced from time to time, by and between Apex Clearing Corporation (“Apex”) and Apex Crypto LLC (“Crypto”) shall be effective as of December
13,2018. 
 WHEREAS, Crypto intends to enter into agreements with introducing brokers and clients of Apex (collectively,
“Correspondents”) to provide customers of Correspondents (collectively, “Customers”) the ability to open accounts at Crypto for the purpose of buying and selling non-securities digital
assets (referred to herein generically as “cryptocurrencies”). 
 WHEREAS, Crypto and Apex desire to establish methods of
interaction with each other in order to facilitate transfers of cash for purposes of buying and selling of digital assets. 
 NOW,
THEREFORE, in consideration of the mutual covenants and premises contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Apex and Crypto agree as follows: 

 

	1.	 FACILITATION OF CUSTOMER CASH TRANSFERS REGARDING CRYPTO ENTITY 

 

	 	(a)	 Summary. Crypto represents that it plans to support Customer trading of
non-securities cryptocurrencies at a coin wallet away from Apex. Crypto has asked Apex to accept transfer instructions from Correspondents, Customers, and Crypto on Correspondents’ and Customers’
behalf, to allow money movement between Customers’ accounts at Apex and Crypto, both introduced by Correspondents, which will be used by Correspondents and Crypto to facilitate the transfer of money back and forth between Customers’ Apex
brokerage accounts (collectively, “Apex Accounts” and each an “Apex Account”) and Crypto accounts (collectively “Crypto Accounts” and each a “Crypto Account”), at the request of Customers. Crypto represents
that any transfer instructions sent to Apex shall be unaltered and true and correct to the best of Crypto‘s knowledge. 

  

	 	(b)	 Disclosures. 

  

	 	(i)	 Crypto will use commercially reasonable efforts to ensure that its Customer account interface has the necessary
look and feel from the Customer’s perspective for the Customer to readily distinguish between the Customer’s Apex Account and the Customer’s Crypto Account. When a Customer opts to purchase a cryptocurrency, Crypto will ensure that it
is clear to the Customer that the Customer is purchasing such asset in the Customer’s Crypto Account and not in the Customer’s Apex Account. For the avoidance of doubt, Customers will not be able to purchase cryptocurrency from their Apex
Accounts; rather, Customers will have the option to transfer funds from their Apex Account for the purpose of purchasing a cryptocurrency in the Customer’s Crypto Account. 

	 	(ii)	 Crypto will prominently disclose to Customers, and Crypto understands that: 

 

	 	•	 	 The assets in the Customer’s Crypto Account are not held at Apex. 

 

	 	•	 	 Apex is not involved in the purchase, sale, or custody of the cryptocurrencies. 

 

	 	•	 	 When the Customer opts to transmit money for purposes of purchasing a cryptocurrency, it is instructing Crypto
and Apex to send funds out of the Customer’s Apex Account to Crypto, which will send the funds outside of Apex. 

  

	 	•	 	 Cryptocurrencies on the crypto side are not FDIC insured or covered by SIPC. 

 

	 	•	 	 Certain other disclosures about the risk of cryptocurrencies (e.g., risk of loss, risk of coin wallet failure,
speculative nature of investments, etc.) 

  

	 	•	 	 Crypto and Apex are affiliated entities and may share Customers’ information in performance of the services
set forth herein. 

  

	 	(c)	 Cash Transfers.  

 

	 	(i)	 Customer Authorizations. With each instruction to send money from Customer’s Apex Account to
Crypto, Crypto will ensure that: 

  

	 	•	 	 Apex or Correspondent has obtained from each Customer an authorization for the transfer using language indicating
that the Customer is authorizing the transfer of funds out of the Customer’s Apex Account to Crypto, such language being subject to Apex’s approval. 

 

	 	•	 	 Apex receives such information unchanged to document the authorization that Apex requires, including but not
limited to Customer name, Customer consent, and amount of transfer. 

  

	 	(ii)	 Transfer Notifications. Crypto shall be responsible for sending to each Customer a notification at least
once per business day, as applicable, with respect to each such Customer’s funds transfer with respect to such Customer’s cryptocurrency transactions showing the amount and date of such transfer, the recipient of each transfer out of the
Customer’s Apex Account, and that the transfer of funds out of the Customer’s Apex Account was made, which notifications may include aggregated daily transactions. Crypto shall track bounce-backs and other failures of delivery, and in the
event of a failure will contact each affected Customer to deliver the confirmation by other means. Such notifications shall, at a minimum, meet all standards required by Apex, and Crypto shall make any such notifications available to Apex upon
request. 

	 	(iii)	 Appropriate Controls. Crypto will maintain appropriate controls around usage of any Apex tool used for
funds transfers. 

  

	 	(iv)	 No External Funding. Crypto shall ensure that any deposits made into a Customer’s Apex Account from
the Customer’s Crypto Account shall not have originated from a third party source. 

  

	2.	 CRYPTO ENTITY 

 

	 	(a)	 Crypto’s Correspondent and Customer Relationships.  

 

	 	(i)	 Crypto shall have a written agreement with each Correspondent governing the transfer of money back and forth
between the Customers’ respective accounts held by each party containing adequate control mechanisms and detailing responsibilities between each of those entities. 

 

	 	(ii)	 Crypto will enter into an account agreement governing any accounts in Crypto’s name at Apex maintained for
purposes of providing the services set forth herein (collectively, the “Crypto Customer Accounts”). Apex is entitled to rely on instructions from Crypto in taking action related to cash transfers from the Crypto Customer Accounts.

  

	 	(iii)	 Crypto will use commercially reasonable efforts to ensure that each Customer trading cryptocurrencies has a
separate account agreement with Crypto that makes clear to the Customer that their Crypto Account and activity are separate from such Customer’s brokerage account with Apex and Correspondent. 

 

	 	(iv)	 Crypto represents that it (a) has entered into an arms’ length agreement with each Correspondent
without referral by Apex; (b) Apex has made no recommendation concerning any Correspondent or its offering; and (c) any activities by Correspondent are separate and distinct from those of Apex. 

 

	 	(b)	 Crypto Account Approval. Crypto understands that as between Crypto and Apex, it is Crypto’s or
Correspondent’s responsibility to satisfy requirements related to Customers’ suitability that may apply, if any, and to conduct any due diligence and make any decisions concerning the approval and opening of any Crypto Account. Crypto will
cease providing transfer instructions to Apex with respect to a Customer in the event that the applicable customer relationship between Crypto and Customer has terminated. 

 

	 	(c)	 Other items.  

 

	 	(i)	 Crypto represents that it is in compliance with and shall comply with all applicable laws, regulations, and
ordinances. 

  

	 	(ii)	 Crypto has and shall maintain in effect all the licenses and permits that it needs to carry out its obligations
under this Agreement. 

	 	(d)	 Changes. Crypto understands that Apex’s processes are subject to change, including by adding a
charge for Apex’s services; provided that except for changes necessary to be in compliance with law or regulation, any such change must be reasonable in nature, must not materially harm the ability for Apex Crypto to operate its business and
must apply consistently to all applicable Apex Clearing customers. In the event of any such change (except in the event of adding or modifying a charge for Apex’s services), Apex shall provide Crypto with three (3) months’ advance
written notice, unless a shorter notice period is necessitated to be in compliance with applicable law. In the event of any addition or modification of a charge for Apex’s services, Apex shall provide Crypto with one (1) year’s
advance written notice. Upon the receipt of any such notice set forth in this Section 2(d), Crypto may terminate this Agreement on thirty (30) days’ prior written notice to Apex. 

 

	3.	 TERM 

  

	 	(a)	 Effectiveness. This Agreement shall become effective immediately upon signing and shall remain in force
for two (2) years from its execution, unless terminated sooner pursuant to the terms set forth herein. Either party may terminate this Agreement at the end of the initial term by providing the other written notice of at least one hundred twenty
(120) days prior to the end of the then-current term. Subsequent to this initial term, either party may terminate this Agreement by giving one hundred twenty (120) days’ prior written notice to the other party, in the absence of which
this Agreement shall continue in full force and with full effect. 

  

	 	(b)	 Termination by Apex. Notwithstanding Section12(a), either party may terminate this Agreement on five
(5) business days’ (or in the event of clause (ii) or (iii) below, immediately) written notice to the other party in the event that the other party: 

 

	 	i.	 materially breaches the terms of this Agreement and after receipt of written notice by the non-breaching, fails to cure such material breach within thirty (30) days from such notice; 

  

	 	ii.	 is enjoined, prohibited, suspended or otherwise becomes unable, as a result of an administrative or judicial
proceeding, from engaging in the business activities contemplated herein; or 

  

	 	iii.	 becomes or is declared insolvent; voluntarily files or is the subject of, a petition commencing a case under
any chapter of Title 11 of the United States Code, which petition if filed involuntarily is not dismissed within thirty (30) days; makes a general assignment for the benefit of its creditors; admits in writing its inability to pay its debts as
they mature; files an application or consents to the appointment of, or there is appointed, any receiver, or a permanent or interim trustee of that party or any of its subsidiaries, as the case may be, or all or any

	 	
portion of its property, including, without limitation, the appointment or authorization of a trustee, receiver or agent under applicable law or under a contract to take charge of its property
for the purpose of enforcing a lien against such property or for the purpose of general administration of such property for the benefit of its creditors; files a petition seeking a reorganization of its financial affairs or to take advantage of any
bankruptcy, reorganization, insolvency, readjustment of debt, dissolution or liquidation law or statute or files an answer admitting the material allegations of a petition filed against it in any proceeding under any such law or statute.

  

	 	(c)	 Automatic Termination. In addition to any other provisions for termination herein, this Agreement shall
terminate immediately in the event that either Crypto or Apex ceases to conduct its business or that Apex: 

  

	 	i.	 is no longer registered as a broker/dealer with the SEC; or 

 

	 	ii.	 is no longer a member in good standing of FINRA; or 

 

	 	iii.	 is suspended by any national securities exchange of which Apex is a member for failure to comply with the rules
and regulations thereof; or 

  

	 	iv.	 has insufficient regulatory capital to carry on its business or regulatory restrictions that prevent it from
carrying on its business. 

  

	 	(d)	 Conversion of Accounts. In the event that this Agreement is terminated for any reason, Apex shall not be
responsible for arranging the liquidation and/or closure of any Crypto Accounts. 

  

	4.	 INTELLECTUAL PROPERTY: All right, title, copyright and other interest in and to any part of or all of
any Apex systems, software or technologies shall at all times remain the sole and exclusive property of Apex. Apex grants Crypto a non-exclusive, non-transferable, non-assignable, non-sublicensable license for the term of this Agreement to access and use such Apex systems, software, and technologies for the limited purposes of fulfilling the provisions of this Agreement and
Apex shall have the right to terminate or suspend such license at any time and from time to time. Apex’s intellectual property is provided on an “as is”, “as available” basis, without warranty of any kind, and Apex disclaims
all warranties, including, without limitation, any implied warranties of merchantability, fitness for a particular purpose, and non-infringement. Apex shall not be responsible for any errors which may occur as
a result of any of Apex’s intellectual property. There is no warranty that any data or other information provided through Apex, Apex’s technology or intellectual property or Apex’s or any of its providers’ systems will fulfill
any particular purpose. 

 Crypto shall preserve and protect Apex’s and its affiliates’ patent, trade secret,
copyright and other proprietary rights in Apex’s or its affiliates’ products, services, trademarks and tradenames, at least to the same extent used by Crypto to preserve and protect its own proprietary data or information and to notify
Apex of any action by any third party known by Crypto to constitute an infringement of Apex’s or any of its affiliates’ proprietary rights. 

	5.	 CONFIDENTIALITY: All agreements, documents, information papers, and data in any form, supplied by either
party to the other pursuant to this Agreement concerning such party’s business, financial condition or Correspondents or Customers (“Confidential Information”) shall be treated by the receiving party as confidential. Each party agrees
to use a reasonable degree of care in safeguarding any Confidential Information received, but not less than the degree of care used in safeguarding its own proprietary information. To the extent such documents or data are retained by the receiving
party, they shall be kept in a safe place and shall be made available to third parties only as authorized by the disclosing party in writing or pursuant to any order, requirement or request of a court, applicable law, regulation, securities
exchange, supervisory authority or regulatory body having appropriate jurisdiction. Documents received from the disclosing party and retained by the receiving party shall be made available by the receiving party for inspection and examination by the
disclosing party’s auditors, by properly authorized agents or employees of any regulatory bodies or commissions or by such other persons as the disclosing party may authorize in writing. Notwithstanding anything herein to the contrary, Crypto
expressly authorizes Apex to supply any applicable information requested relating to Crypto, its business, Correspondents, or Customers to any regulatory or self-regulatory body having appropriate authority or to any third party provider of Apex
solely for the purposes of providing services relating to this Agreement and only to the extent that such disclosure is necessary for the purpose of providing the services set forth herein. The obligations in this section shall not restrict any
disclosure by either party pursuant to any request or requirement of applicable laws or regulations, or by order of any court or government agency, regulatory authority, supervisory authority or securities exchange (provided that the disclosing
party shall give prompt notice to the non-disclosing party of such request or requirement, to the extent practicable and permitted) and shall not apply with respect to information which (i) is
independently developed by the other party without use of or reference to the disclosing party’s Confidential Information; (ii) is or becomes publicly known (other than through unauthorized disclosure of the receiving party); (iii) is
disclosed by a third party free of any obligation of confidentiality insofar as is known by the receiving party; or (iv) is already known by or in the possession of such receiving party without an obligation of confidentiality other than
pursuant to this Agreement or any confidentiality agreements entered into between the parties (including any predecessor entity) before the effective date of this Agreement. This section shall survive the termination of this Agreement. Crypto
acknowledges that the services Apex provides hereunder involve providing Crypto with access to proprietary technology, trading and other systems, and that techniques, algorithms and processes contained in such systems constitute trade secrets and
shall be safeguarded by Crypto, and that Crypto shall exercise reasonable care to protect Apex’s interest in such trade secrets. Crypto agrees to make the proprietary nature of such systems known to those of its employees or agents who may
reasonably be expected to come into contact with such systems. 

	6.	 LIABILITY & INDEMNITY: 

 

	 	(a)	 Except in the event of an Apex Indemnitee’s (as defined below) fraud, gross negligence or willful
misconduct, in addition to any other obligations it possesses under the provisions of this Agreement, Crypto hereby indemnifies and agrees to hold Apex and its affiliates, and its and their successors and assigns, and its and their directors,
officers, agents and employees (“Apex Indemnitees”) harmless against any and all penalties, damages, losses, costs, judgments, attorney’s fees, or any other expenses awarded against an Apex Indemnitee arising out of or relating to a
Crypto Account or Crypto’s activities under this Agreement. Except in the event of a Crypto Indemnitee’s (as defined below) fraud , gross negligence or willful misconduct, in addition to any other obligations it possesses under the
provisions of this Agreement, Apex hereby indemnifies and agrees to hold Crypto and its affiliates, and its and their successors and assigns, and its and their directors, officers, agents and employees (“Crypto Indemnitees”) harmless
against any and all penalties, damages, losses, costs, judgments, attorney’s fees, or any other expenses awarded against a Crypto Indemnitee in a final non-appealable judgment arising out of or resulting
from any and all claims, demands, proceedings, suits and actions of a third party arising out of or occurring in connection with Apex’s gross negligence, willful misconduct, or fraud. 

 

	 	(b)	 Crypto shall not settle any claim, demand, proceeding, suit or action against an Apex Indemnitee without
the prior written consent of the Apex Indemnitee. In the event that the Apex Indemnitee reasonably believes that Crypto is not adequately defending a claim against such Apex Indemnitee, the Apex Indemnitee shall have the right to assume the defense
of such claim at the sole expense of Apex. Apex shall not settle any claim, demand, proceeding, suit or action against a Crypto Indemnitee without the prior written consent of the Crypto Indemnitee. In the event that the Crypto Indemnitee reasonably
believes that Apex is not adequately defending a claim against such Crypto Indemnitee, the Crypto Indemnitee shall have the right to assume the defense of such claim at the sole expense of Crypto. 

 

	 	(c)	 Errors, misunderstandings or controversies between or among Crypto and any Correspondent or Customer
shall be Crypto’s sole responsibility and liability, except in the event of Apex’s fraud, gross negligence or willful misconduct. 

  

	7.	 MISCELLANEOUS 

(a) Effectiveness. This Agreement shall be effective as of the date first stated above. 

(b) Authority. Crypto and Apex hereby represent and warrant that each has the power and authority to enter into this Agreement. 

(c) Binding effect; Confidentiality. This Agreement is binding on and for the benefit of the parties and their respective successors
and assigns. The parties agree that the terms of this Agreement are strictly confidential. 
 (d) Governing Law; Jurisdiction. This
Agreement shall be governed by the laws of the State of Delaware as to all matters, including but not limited to matters of validity, construction, effect and performance, exclusive of the principles of conflicts of laws thereof. In the event of a
dispute between the parties, such dispute shall be settled by arbitration before arbitrators in accordance with the rules of the Arbitration Committee of FINRA then in effect. The arbitrators may allocate reasonable,
out-of-pocket attorneys’ fees and arbitration costs between parties and such award shall be final and binding between the parties and judgment thereon may be
entered in any court of competent jurisdiction. 

 (e) Severability. Notwithstanding anything to the contrary set forth herein, if any
provision of this Agreement or the services contemplated by this Agreement are rendered invalid, improper, or unenforceable by virtue of a ruling or interpretation of a court of competent jurisdiction, regulator, or applicable law, the parties agree
that the parties or such body, as applicable, will revise the invalid, improper, or unenforceable provision or portion of the services as necessary in order to be compliant, and enforce any such provision only to the maximum extent it deems legally
permissible. The parties agree that the other provisions of this Agreement will remain in full force and effect to the maximum extent permitted thereby. 

(f) Counterparts. This Agreement may be executed in one or more counterparts, all of which taken together shall constitute a single
agreement. The parties agree that this Agreement may be transmitted via facsimile or other electronic means and intend that electronically transmitted signatures constitute original signatures. When each party hereto has executed and delivered to
the other a counterpart, this Agreement shall become binding on both parties. 
 [Signature Page Follows] 

 IN WITNESS WHEREOF, this Agreement is executed effective as of the day and year first
set forth above. 
  

			
	APEX CLEARING CORPORATION
		
	By:	 	/s/ William Capuzzi
		 	William Capuzzi, CEO
	
	APEX CRYPTO LLC
		
	 By:
	 	/s/ Andrew Tourney
		 	 (Signature)

	 Name:
	 	Andrew Tourney
		 	 (Print Name)

	 Title:
	 	Chief Compliance OfficerEX-10.23

 Exhibit 10.23 

SERVICES AND EXPENSE SHARING AGREEMENT 

This Services and Expense Sharing Agreement is entered into as of April 1, 2020 by and between PEAK6 Investments LLC, a
Delaware limited partnership (“PEAK6”) and each of its affiliates or subsidiaries listed in Exhibit A hereto (each a “Service Recipient”) and PEAK6 NI LIMITED a private limited company incorporated under the laws of Northern
Ireland with its registered office at 1-3 Arthur Street, Belfast, Northern Ireland, BT1 4GA and company number NI666326 (“Service Provider”) (the “Agreement”). 

W I T N E S S E T H: 

WHEREAS, PEAK6 is an indirect owner of Service Provider; 

WHEREAS, Service Provider has expertise and capabilities in, among other things, the areas of technology and engineering; and 

WHEREAS, each Service Recipient desires to retain Service Provider to provide the various services described herein and Service Provider is
willing to provide such services, all as more fully set forth below. 
 NOW THEREFORE, in consideration of the mutual promises and
agreements contained herein, the parties hereby agree as follows: 
 1. Appointment. 

Service Recipient hereby appoints Service Provider for the term of this Agreement to perform the services described herein. Service Provider
hereby accepts such appointment and agrees to perform the duties hereinafter set forth. 
 2. Representations and Warranties. 

Each party hereby represents and warrants to the other party, which representations and warranties shall be deemed to be continuing, that:

 (a) It is duly organized and existing under the laws of the jurisdiction of its organization, with full power to carry on its
business as now conducted, to enter into this Agreement and to perform its obligations hereunder; 
 (b) This Agreement has been duly
authorized, executed and delivered by the parties in accordance with all requisite action and constitutes a valid and legally binding obligation of the parties, enforceable in accordance with its terms; and 

(c) It is conducting its business in compliance with all applicable laws and regulations, has made and will continue to make all necessary
filings, and has obtained all regulatory licenses, approvals and consents necessary to carry on its business as now conducted; there is no statute, regulation, rule, order or judgment binding on it and no provision of its organizational documents,
which shall mean it’s charter and bylaws, or equivalent thereof. nor of any mortgage, indenture, credit agreement or other contract binding on it or affecting its property that would prohibit its execution or performance of this Agreement. 

 3. Certain Duties of the Recipient. 

Each Service Recipient shall be solely responsible for accurately and timely supplying the Service Provider with complete information relating
to the Service Recipient in order for the Service Provider to provide the services set forth on Schedules. 
 4. Duties and Obligations
of Service Provider and Service Recipient, as the case may be. 
 (a) Subject to the direction and control of each Service Recipient and
the terms and conditions of this Agreement, including Schedule I, Service Provider shall provide to the Recipient the services set forth in Schedule I. 

(b) Service Provider shall maintain and keep current its books, accounts and other documents, if any, as it deems necessary and appropriate to
support the Services and the Fees addressed herein. Such books, accounts and other documents shall be made available upon request for inspection by officers, employees and auditors of any Service Recipient during Service Provider’s normal
business hours. 
 (c) Service Provider shall permit FINRA, the Securities and Exchange Commission or any other governmental or regulatory
authority to inspect Service Provider books and records regarding the payment or allocation of expenses by Service Provider which are proportionately attributable to Service Recipient that is subject to their jurisdiction or supervision. 

(d) Service Provider, in performing the services required of it under the terms of this Agreement, shall be entitled to rely on the accuracy
and validity of any and all Instructions, as defined below, explanations, information, specifications and documentation furnished to it on behalf of a Service Recipient and shall have no duty or obligation to review the accuracy, validity or
propriety of such Instructions, explanations, information, specifications or documentation. For the purposes hereunder, Instructions shall mean written communications actually received by Service Provider by S.W.I.F.T., email, letter, facsimile
transmission, or other method or system specified by an authorized person of PEAK6 or any Service Recipient as available for use in connection with the services hereunder. 

(e) Service Provider may apply to an authorized person of each Service Recipient for Instructions with respect to any matter arising in
connection with Service Provider’s performance hereunder, and Service Provider shall not be liable for any action taken or omitted to be taken by it in good faith without gross negligence or willful

 
misconduct in accordance with such Instructions. Such application for Instructions may, at the option of Service Provider, set forth in writing any action proposed to be taken or omitted to be
taken by Service Provider with respect to its duties or obligations under this Agreement and the date on and/or after which such action shall be taken. Service Provider shall not be liable for any action taken or omitted to be taken in accordance
with a proposal included in any such application on or after the date specified therein unless, prior to such date for taking or omitting to take any such action, Service Provider has received Instructions from an authorized person in response to
such application specifying the action to be taken or omitted. 
 (f) Service Provider may consult with counsel to Service Recipient or its
own counsel, at the Service Recipient’s expense, and shall be fully protected with respect to anything done or omitted by it in good faith in accordance with the advice or opinion of such counsel. 

(g) Service Provider shall have no duties or responsibilities whatsoever including any custodial, attorney-client or other duties, except such
duties and responsibilities as are specifically set forth in this Agreement, including Schedule I, or as are otherwise required of Service Provider by laws or regulations applicable to Service Provider. 

(h) Service Provider shall have no liability for any Service Recipient taxes, assessments, duties and other governmental charges, including
any interest or penalty with respect thereto (“Taxes”) or for any withholding or reporting of Taxes. 
 (i) Service Provider
agrees to treat as confidential information all accounting and Service Recipient information and other business records of the applicable Service Recipient, including any information relating to any Service Recipient investment, disclosed to Service
Provider in connection with its provision of services pursuant to the terms of this Agreement (all such information, the “Confidential Information”) and Service Provider shall not disclose the Confidential Information to any other person,
except to (i) its employees, delegees, agents and other service providers to the Service Recipient in connection with Service Provider’s provision of services hereunder, (ii) its and the Service Recipient’s respective regulators,
examiners, internal and external accountants, auditors, and counsel, or (iii) any other person when required by a court order or legal process, or whenever advised by its counsel that it would be liable for a failure to make such disclosure.

 (j) Service Provider may utilize systems and/or software designed, and databases provided, by certain third parties, and shall not be
liable for any loss, damage or expense that occur as a result of the failure of any such systems, software, and/or databases not caused by Service Provider’s own bad faith, gross negligence or willful misconduct. In providing the services
hereunder, Service Provider is authorized to utilize any vendor (including pricing and valuation services) reasonably believed by Service Provider to be reliable. Service Provider shall not be liable for any loss, damage or expense incurred as a
result of errors or omissions of any vendor utilized by Service Provider hereunder, provided, that such vendor was selected with reasonable care. No 

 
such vendor shall be an agent or delegee of Service Provider hereunder. Maintenance of books, records, and ledgers of Service Recipient shall be in compliance with all applicable regulatory
requirements. All work of Service Provider to or for a Service Recipient that results in the development, creation, improvement of, modifications to any intellectual property or results in intellectual property, rights or ownership (collectively,
the “Deliverables”), shall be the sole and exclusive property of Service Recipient and Service Provider hereby understands and agrees that any and all intellectual property rights in and to any Deliverables shall be assigned to Service
Recipient without retention of any such rights, including rights to use, sell, distribute, further develop or disclose such Deliverables. Deliverables shall be considered Confidential Information. 

4. Standard of Care; Indemnification. 

(a) Except as otherwise provided herein, Service Provider shall not be liable for any costs, expenses, damages, liabilities or claims
(including attorneys’ and accountants’ fees) resulting from, arising out of, or in connection with its performance or non-performance hereunder, except those costs, expenses, damages, liabilities or
claims arising out of Service Provider’s own bad faith, gross negligence or willful misconduct. Except in the event of its bad faith, gross negligence or willful misconduct, in no event shall Service Provider be liable to any Service Recipient
or any third party for special, punitive, indirect or consequential damages, or lost profits or loss of business, resulting from, arising out of, or in connection with its performance hereunder, even if previously informed of the possibility of such
damages and regardless of the form of action. 
 (b) Notwithstanding any other provision contained in this Agreement, Service Provider shall
have no duty or obligation with respect to, including any duty or obligation to determine, or advise or notify the Service Recipient of: (i) the taxable nature of any distribution or amount received or deemed received by, or payable to, the
Service Recipient; (ii) the taxable nature or effect on the Service Recipient of any corporate actions, class actions, tax reclaims, tax refunds, or similar events; (iii) the taxable nature or taxable amount of any distribution or dividend
paid, payable or deemed paid, by the Service Recipient; or (iv) the effect under any income tax laws of the Service Recipient making or not making any distribution, dividend payment, or election with respect thereto. 

5. Compensation and Expenses. 

In consideration of the Services to be rendered to the Service Recipient by Service Provider under this Agreement, Service Recipient shall pay
Service Provider for the amounts determined in accordance with Exhibit B hereto. Such amounts shall be determined and paid monthly. 

 6. Term of Agreement. 

(a) This Agreement shall be for an initial term ending on the third anniversary of the date first above written, and shall continue for
successive one year periods thereafter, except that the term of this Agreement may at any time be terminated by either Service Provider giving to the Service Recipient, or any one of the Service Recipients giving to Service Provider, a notice in
writing specifying the date of such termination, which date shall be not less than 60 days after the date of the giving of such notice, and the term of this Agreement shall immediately terminate with any Service Recipient upon dissolution of such
Service Recipient. For the avoidance of doubt, termination by or against any one Service Recipient does not terminate this Agreement with respect to any other Service Recipient, unless such termination is by or against PEAK6. 

(b) This Agreement may be terminated by a Service Recipient, with respect to that Service Recipient, at any time if Service Provider
(A) commits a material breach of its obligations under this Agreement and shall fail to cure such breach within 20 days of receipt of written notice served by the Service Recipient specifying in reasonable detail the nature of such breach;
(B) goes into liquidation or if a receiver is appointed for any of its assets; or (C) there is a petition of insolvency filed by or against it. This Agreement may be terminated by Service Provider at any time, with respect to a Service
Recipient, if such Service Recipient (A) commits a material breach of its obligations under this Agreement and shall fail to cure such breach within 20 days of receipt of written notice served by Service Provider specifying in reasonable detail
the nature of such breach; (B) goes into liquidation or if a receiver is appointed for any of its assets; or (C) there is a petition of insolvency filed by or against it. For the avoidance of doubt, termination by or against any one
Service Recipient does not terminate this Agreement with respect to any other Service Recipient, unless such termination is by or against PEAK6. 

(c) Upon termination and settlement of all amounts due under this Agreement, including unpaid compensation due pursuant to Section 8 and
amounts due pursuant to Section 9(a), Service Provider shall, at the expense of the Service Recipient, return to the respective Service Recipient any Confidential Information provided by such Service Recipient to Service Provider pursuant to
this Agreement. 
 7. Force Majeure. 

Neither Service Provider nor any Service Recipient shall be responsible or liable for any failure or delay in the performance of its
obligations under this Agreement arising out of or caused, directly or indirectly, by circumstances beyond its reasonable control, including acts of God; acts of war or terrorism; earthquakes; fires; floods; wars; civil or military disturbances;
sabotage; epidemics; riots; interruptions, loss or malfunctions of utilities, computer (hardware or software) or communications service; accidents; labor disputes; acts of civil or military authority or governmental actions; it being understood that
the Service Recipient or Service Provider, as the case may be, shall use their commercially reasonable efforts to resume performance as soon as practicable under the circumstances. 

8. Amendment. 
 This
Agreement may not be amended or modified in any manner except by a written agreement executed by Service Provider and PEAK6. 

 9. Assignment. 

This Agreement shall extend to and shall be binding upon the parties hereto, and their respective successors and assigns; provided, however,
that this Agreement shall not be assignable by any party without prior written consent of the non-assigning party. 

10. Governing Law; Consent to Jurisdiction. 

This Agreement shall be construed in accordance with the laws of the State of Delaware, without regard to conflict of laws principles thereof.
The parties hereby consent to the jurisdiction of a court situated in Cook County, Illinois in connection with any dispute arising hereunder. THE PARTIES TO THIS AGREEMENT EACH HEREBY IRREVOCABLY WAIVE ANY AND ALL RIGHTS TO TRIAL BY JURY IN ANY
LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT. TO THE EXTENT THAT IN ANY JURISDICTION THE PARTIES TO THIS AGREEMENT MAY NOW OR HEREAFTER BE ENTITLED TO CLAIM, FOR ITSELF OR ITS ASSETS, IMMUNITY FROM SUIT, EXECUTION, ATTACHMENT
(BEFORE OR AFTER JUDGMENT) OR OTHER LEGAL PROCESS, THE PARTIES TO THIS AGREEMENT IRREVOCABLY AGREE NOT TO CLAIM, AND THEY HEREBY WAIVE, SUCH IMMUNITY. 

11. Severability. 
 In
case any provision in or obligation under this Agreement shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations shall not in any way be affected or
impaired thereby, and if any provision is inapplicable to any person or circumstances, it shall nevertheless remain applicable to all other persons and circumstances. 

12. No Waiver. 
 Each and
every right granted to the parties hereunder or under any other document delivered hereunder or in connection herewith, or allowed it by law or equity, shall be cumulative and may be exercised from time to time. No failure on the part of any party
to exercise, and no delay in exercising, any right will operate as a waiver thereof, nor will any single or partial exercise by a party of any right preclude any other or future exercise thereof or the exercise of any other right. 

13. Non-Exclusiveness. 

No provision of this Agreement shall prevent Service Provider from offering services similar or identical to those covered by this Agreement
to any other corporations, associations or entities of any kind. Any and all operational procedures, techniques and devices developed by Service Provider in connection with the performance of its duties and obligations under this Agreement,
including those developed in conjunction with the any Service Recipient, shall be and remain the property of Service Provider, and Service Provider shall be free to employ such procedures, techniques and devices in connection with the performance of
any other contract with any other person whether or not such contract is similar or identical to this Agreement. 

 14. Notices, Electronic Communications. 

All notices required or permitted under this Agreement in writing shall be validly given or made in writing if (i) personally delivered,
(ii) delivered and confirmed by facsimile, (iii) delivered by reputable overnight courier delivery service or (iv) deposited in the mail, first class, postage prepaid, certified or registered, return receipt requested as follows: 

if to Service Recipient, at: 

PEAK6 Investments LLC 
 141 W.
Jackson Blvd., Suite 500 
 Chicago, IL 60604 

Attn: Legal 
 if to Service
Provider, at: 
 PEAK6 NI LIMITED 

c/o PKF-FPM 

1-3 Arthur Street 

Belfast 
 BT1 4GA 

Attn: Legal 
 or at such other place as may from
time to time be designated in writing. Notices sent via mail shall be deemed given on the third business day following the day they are sent, notices sent via overnight carrier shall be deemed given on the business day following the day they are
sent, notices delivered personally shall be deemed given on the day of confirmed receipt, and notices transmitted by facsimile transmission shall be deemed given on the date of transmission with confirmation of receipt. 

15. No Third Party Beneficiary. 

The terms and provisions of this Agreement shall inure to the benefit of the parties and their respective successors and assigns, and is made
solely and specifically for their benefit. No other person shall have any rights, interest or claims hereunder or be entitled to any benefits under or on account of this Agreement as a third-party beneficiary or otherwise. 

16. Rules of Construction. 

All articles or section titles or captions in this Agreement shall be for convenience only, shall not be deemed part of this Agreement and
shall in no way define, limit, extend or describe the scope or intent of any provisions of this Agreement. Except as specifically provided otherwise, alphanumerical references to “Articles,” “Sections,”

 
“Exhibits” and “Schedules” are to the respective articles and sections of, and exhibits and schedules to, this Agreement. Whenever the context may require, any pronoun used in
this Agreement shall include the corresponding masculine, feminine or neuter forms, and the singular form of nouns, pronouns and verbs shall include the plural and vice versa. The Schedules and Exhibits attached hereto are hereby incorporated herein
and made a part of this Agreement. Any reference in this Agreement to schedules and exhibits shall be deemed to be a reference to such schedules and exhibits as amended and in effect from time to time. Whenever the word “including” is used
herein, it shall be construed to mean “including without limitation.” 
 17. Counterparts. 

This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original; but such counterparts together
shall constitute only one instrument. 

 IN WITNESS WHEREOF, the parties hereto have caused the foregoing instrument to be executed
by their duly authorized officers and their seals to be hereunto affixed on October 8, 2020, all effective as of the day and year first above written. 
  

			
	PEAK6 INVESTMENTS LLC
		
	By:	 	/s/ Jay Coppoletta
		 	Name: Jay Coppoletta
		 	Title: Chief Corp. Dev. and Legal Officer

  

			
	PEAK6 NI LIMITED
		
	By:	 	/s/ Jay Coppoletta
	Acting for and on behalf of PEAK6 NI Limited
		 	Name: Jay Coppoletta
		 	Title: Director

 EXHIBIT A 

SERVICE RECIPIENTS 
 Apex Clearing
Corporation 
 Apex Crypto LLC 
 Electronic Transaction
Clearing, Inc. 
 The Evil Geniuses (EG) LLC 
 Kairos
Solutions LLC 
 PEAK6 Capital Management LLC 
 PEAK6 Group
LLC 
 National Flood Services LLC 
  

			
	APEX CLEARING CORPORATION
		
	By:	 	/s/ William Capuzzi
		 	Name: Bill Capuzzi
		 	Title: CEO

  

			
	APEX CRYPTO LLC
		
	By:	 	/s/ Daniel Rosenthal
		 	Name: Danny Rosenthal
		 	Title: Chief Executive Officer

 
			
	THE EVIL GENIUSES (EG) LLC
		
	By:	 	/s/ Jay Coppoletta
		 	Name: Jay Coppoletta
		 	Title: Secretary

  

			
	KAIROS SOLUTIONS LLC
	 By: PEAK6 Investments LLC, its member

		
	By:	 	/s/ Jay Coppoletta
		 	Name: Jay Coppoletta
		 	Title: Chief Corp. Dev. and Legal Officer

  

			
	PEAK6 CAPITAL MANAGEMENT LLC
		
	By:	 	/s/ Tom Simpson
		 	Name: Tom Simpson
		 	Title: CEO

  

			
	PEAK6 GROUP LLC
		
	By:	 	/s/ Jay Coppoletta
		 	Name: Jay Coppoletta
		 	Title: Chief Corp. Dev. and Legal Officer

  

			
	NATIONAL FLOOD SERVICES LLC
		
	By:	 	/s/ Jay Coppoletta
		 	Name: Jay Coppoletta
		 	Title: Authorized Officer

 
			
	 ELECTRONIC TRANSACTION
 CLEARING,
INC.

		
	By:	 	/s/ William Brennan
		 	Name: Bill Brennan
		 	Title: President

 (Signature page to Services and Expense Sharing Agreement) 

 EXHIBIT B 

SERVICES AGREEMENT 
 Fee
Structure 
 Unless otherwise required by this Agreement or applicable law, rule or regulation, Service Recipient will be charged cost plus 15% of the
following: all direct people costs, all hardware and software, and all travel costs, in each case as related to the Services provided by Service Provider to Service Recipient pursuant to this Agreement and as calculated by Service Provider in its
reasonable, good-faith discretion, using a consistent methodology (the “Fees”). 

 SCHEDULE I 

SERVICES 
  

	(a)	 providing all necessary or desirable engineering, technology, development, data feed, infrastructure, IT,
security, and similar services as requested by Service Recipient and agreed to be performed by Service Provider from time to time; 

  

	(b)	 providing any other service to a Service Recipient as such Service Recipient may request and as Service
Provider, in its reasonable and good faith judgment, agrees to provide to Service Recipient;

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