Document:

EX-10.14

 Exhibit 10.14 

EXECUTION VERSION 
  

 
  

THIRD AMENDED AND RESTATED 
 LOAN
SALE AGREEMENT 
 between 

CROSS RIVER BANK 
 and 

UPSTART NETWORK, INC., 
 as
Purchaser 
 Dated as of January 1, 2019 
  

 
  

  

	***	 Certain information has been excluded from this agreement because it is both (i) not material and
(ii) would be competitively harmful if publicly disclosed. 

 TABLE OF CONTENTS 

 

							
		 		  	 	Page	 
	 1.
	 	Definitions; Interpretation.	  	 	1	 
	 2.
	 	Purchase of Loans; Payment to Bank; Retained Loans; Funding Statements.	  	 	2	 
	 3.
	 	Ownership; Servicing; True Sale; Securitization.	  	 	4	 
	 4.
	 	Reserve Account.	  	 	5	 
	 5.
	 	Representations and Warranties of Bank.	  	 	6	 
	 6.
	 	Representations and Warranties of Purchaser.	  	 	9	 
	 7.
	 	Additional Agreements.	  	 	10	 
	 8.
	 	Conditions Precedent to the Obligations of Bank.	  	 	11	 
	 9.
	 	Conditions Precedent to the Obligations of Purchaser.	  	 	11	 
	 10.
	 	Term; Termination; Effect of Termination.	  	 	11	 
	 11.
	 	Successors and Third Parties.	  	 	12	 
	 12.
	 	Indemnification; Limitations of Liability.	  	 	13	 
	 13.
	 	Notices.	  	 	15	 
	 14.
	 	Relationship of the Parties.	  	 	16	 
	 15.
	 	Reserved.	  	 	16	 
	 16.
	 	Expenses.	  	 	16	 
	 17.
	 	Reserved.	  	 	17	 
	 18.
	 	Governing Law; Jurisdiction.	  	 	17	 
	 19.
	 	Manner of Payments.	  	 	17	 
	 20.
	 	Referrals.	  	 	17	 
	 21.
	 	Entire Agreement.	  	 	18	 
	 22.
	 	Amendment and Modifications.	  	 	18	 
	 23.
	 	Waivers.	  	 	18	 
	 24.
	 	Severability.	  	 	18	 
	 25.
	 	Interpretation.	  	 	18	 
	 26.
	 	Headings.	  	 	18	 
	 27.
	 	Counterparts.	  	 	18	 

  
 i 

 THIRD AMENDED AND RESTATED 

LOAN SALE AGREEMENT 
 [Upstart
Network, Inc.] 
 THIS THIRD AMENDED AND RESTATED LOAN SALE AGREEMENT (as amended, restated, supplemented or otherwise modified from time to
time, this “Agreement”), dated as of January 1, 2019 (“Effective Date”), is made by and between CROSS RIVER BANK, a New Jersey state-chartered bank with its principal offices located at 400 Kelby
Street, Fort Lee, New Jersey, 07024 (“Bank”), and UPSTART NETWORK, INC., a Delaware corporation, with its principal offices located at Two Circle Star Way, San Carlos, California 94070 (“Purchaser”).

 WHEREAS, Bank desires to sell to Purchaser, and Purchaser desires to purchase from Bank, certain loans that are originated by Bank from
time to time; and 
 WHEREAS, Bank and Purchaser are parties to that certain Second Amended and Restated Loan Sale Agreement, dated as of
November 1, 2015 (as amended, the “Existing Sale Agreement”) and wish to amend and restate the Existing Sale Agreement in its entirety as of the Effective Date. 

NOW, THEREFORE, in consideration of the foregoing and the terms, conditions and mutual covenants and agreements herein contained, and for good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Bank and Purchaser intending to be legally bound mutually agree as follows: 

1.     Definitions; Interpretation. 

(a)    Capitalized terms used in this Agreement shall have the meanings given to such terms in Schedule 1. 

(b)    As used in this Agreement: (i) all references to the masculine gender shall include the feminine gender (and
vice versa); (ii) all references to “include,” “includes,” or “including” shall be deemed to be followed by the words “without limitation”; (iii) references to any law or regulation refer to that law or
regulation as amended from time to time and include any successor law or regulation; (iv) references to another agreement, instrument or other document means such agreement, instrument or other document as the same may be amended, supplemented
or otherwise modified from time to time in accordance with the terms thereof; (v) references to “dollars” or “$” shall be to United States dollars unless otherwise specified herein; (vi) unless otherwise specified, all
references to days, months or years shall be deemed to be preceded by the word “calendar”; (vii) all references to “quarter” shall be deemed to mean calendar quarter; (viii) unless otherwise specified, all references to an
article, section, subsection, exhibit or schedule shall be deemed to refer to, respectively, an article, section, subsection, exhibit or schedule of or to this Agreement; (ix) unless the context otherwise clearly indicates, words used in the
singular include the plural and words in the plural include the singular; and (x) in connection with the computation of any time period, the word “from” means “from and including” and the words “to” and
“until” each means “to but excluding”. 

 (c)    The parties agree that on the Effective Date, the Existing Sale
Agreement shall be amended and restated in its entirety by this Agreement and (a) all references to the Existing Sale Agreement in any document other than this Agreement (including in any amendment, waiver or consent to such document) shall be
deemed to refer to this Agreement as an amendment and restatement of the Existing Sale Agreement in its entirety, and (b) all references to any section (or subsection) of the Existing Sale Agreement in any document (but not herein) shall be
amended to be references to the corresponding provisions of this Agreement. This Agreement is not intended to constitute, and does not constitute, a novation of the obligations and liabilities under the Existing Sale Agreement or to evidence
fulfillment of all or any portion of such obligations and liabilities. Further, on and after the Effective Date, (a) the Existing Sale Agreement shall be of no further force and effect, except as amended and restated hereby, and except to
evidence (i) prior transactions under the Existing Sale Agreement, (ii) the representations and warranties made thereunder by the Bank and Purchaser prior to the Effective Date with respect to any transactions under the Existing Sale
Agreement only, and (iii) any action or omission performed or required to be performed pursuant to the Existing Sale Agreement prior to the Effective Date (including any failure, prior to the Effective Date, to comply with the covenants
contained in the Existing Sale Agreement), and (b) the terms and conditions of this Agreement, including all rights and remedies hereunder, shall apply to all obligations incurred under the Existing Sale Agreement. Until the Effective Date, the
Existing Sale Agreement shall remain in full force and effect in accordance with its terms. Each party (1) reserves the right to request (and the other party is obligated to provide) assistance to transition any systems, processes or other
existing guidelines to conform to the terms and conditions of this Agreement, and (2) acknowledges and agrees that each party shall remain obligated to pay any fees and expenses for services or other activities that were properly performed
prior to termination and such payment obligation shall survive such termination. Except as may be applicable under the immediately preceding sentence, there shall be no termination fees or charges applicable to the termination of the Existing Sale
Agreement. 
 2.     Purchase of Loans; Payment to Bank; Retained Loans;
Funding Statements. 
 (a)    Purchase of Loans. On each Closing Date, Bank hereby agrees to sell,
assign, set-over, transfer, and otherwise convey to Purchaser, or a third party designated by Purchaser subject to execution by such designated third party and Bank of a loan purchase and sale agreement,
without recourse but subject to the representations, warranties, terms and provisions of this Agreement and with all servicing released, and Purchaser agrees to purchase, or cause a designated third Party acceptable to Bank to purchase, as the case
may be, on each Closing Date, all of Bank’s right, title and interest in and to the Purchaser Loans funded by Bank on the applicable Funding Date. At least three (3) Business Days prior to each Closing Date, Purchaser shall provide Bank
with a statement (each such statement, a “Funding Statement”), which shall contain, as applicable, (i) the names of the Borrowers for each of the Purchaser Loans Purchaser or Purchaser’s designated third party
intends to purchase; (ii) the Purchase Price for each Purchaser Loan, and (iii) such other information as shall be reasonably requested by Bank. Bank shall review and confirm to Purchaser the sale terms set forth in each Funding Statement
no later than one (1) Business Day following Bank’s receipt of a Funding Statement from Purchaser. On each Closing Date, Bank shall provide an acknowledgement of the sale of the Purchaser Loans in accordance with the terms of this
Agreement. Purchaser shall promptly notify Bank of any event that would materially and adversely affect the Purchaser’s ability to purchase the Purchaser Loans. 

 (b)     Payment to Bank. 

i)    In consideration of Bank’s agreement to sell, transfer, assign,
set-over, transfer and convey to Purchaser the Purchaser Loans, Purchaser shall purchase the Purchaser Loans by depositing the Purchase Price into the Funding Account by 3:00 pm Eastern Time on each Closing
Date. 
 ii)    For each Loan, Purchaser shall pay the applicable Loan Premium Fee on the applicable Closing Date (or as
otherwise reflected in the Funding Statement with respect to Retained Loans). 
 iii)    The projected amount of the
Trailing Fee for each Purchaser Loan shall be set forth in the applicable Funding Statement divided into monthly installments to be paid to Bank by Purchaser, provided the Borrower under such Purchaser Loan has remitted the applicable monthly
payment, including in the event that that Borrower remits such payment(s) after such Purchaser Loan becomes a Defaulted Loan and is later reinstated, provided further that in the event any Purchaser Loan is modified in the form of a principal
reduction or term extension then the Trailing Fee shall be modified on a pro rata basis. 
 For the avoidance of doubt, (A) Interim
Interest accrued on any Purchaser Loan between the Funding Date and the related Closing Date shall inure to the benefit of Bank, and (B) in the event of any Purchaser Loan becomes a Defaulted Loan or otherwise becomes uncollectible, Purchaser
shall be relieved of any obligation to continue to pay the remaining amount of any applicable Trailing Fee. 

(c)     Retained Loans. Bank shall maintain ownership of the Retained Loans, provided that Bank’s
obligations regarding Retained Loans are subject to the limitations specified in Section 2(c)(i) and (iii) below: 

i)    the maximum Outstanding Principal Balance of Retained Loans that the Bank will retain (A) in any calendar
month, which shall equal the Maximum Monthly Retention Amount, and (B) in the aggregate for all Retained Loans at any given time during the Term of the Agreement, which shall equal Maximum Outstanding Retention Amount, which limits may be
increased by the Bank upon notice to Purchaser but which shall not be decreased by the Bank except with the express written agreement of Purchaser and only upon ninety (90) days’ prior written notice. 

ii)    Each month during the Term, the parties will jointly verify the manner in which the Retained Loans were allocated;

 iii)    Notwithstanding anything to the contrary set forth in this Agreement, Bank shall have no obligation to retain
any Loan (A) if retention of such Loan would cause Bank to exceed the Retained Loan Limits or (B) during the Retention Cessation Period. 

  
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 (d)    Purchaser shall be responsible for engaging an e-vaulting agent acceptable to Bank to maintain electronically all Loan Documents related to the Retained Loans 

(e)    Delivery of Loan Files. To the extent Loan Documents or files are in Bank’s possession or under
Bank’s control, upon Purchaser’s request on each Closing Date, Bank agrees to cause to be delivered or released to Purchaser, Loan Documents on all Purchaser Loans and Retained Loans within five (5) Business Days of the related
Closing Date; provided that Bank may retain copies of such information as necessary to comply with the Applicable Laws. 

(f)    True-Up. If, subsequent to any Closing Date, the amount on any
Funding Statement on which the Purchase Price with respect to a Purchaser Loan was based is found to be in error, within ten (10) Business days of receipt of information from the discovering party sufficient to establish the error, the party
benefiting from the error shall pay the other party an amount sufficient to correct and reconcile the Purchase Price and related Loan Premium Fees and Trailing Fees. 

3.     Ownership; Servicing; True Sale; Securitization. 

(a)    Ownership. Subject to the Purchaser’s payment for a Purchaser Loan pursuant to Section 2(b),
Purchaser shall be the sole owner for all purposes (e.g., tax, accounting and legal) of each such Purchaser Loan purchased from Bank on the related Closing Date. Each of Purchaser and Bank agrees to make entries on its books and records to clearly
indicate the sale of each Purchaser Loan sold to Purchaser hereunder. Subject to the representations and warranties for each Purchaser Loans sold hereunder, it is expressly agreed and understood that Bank will not assume and shall not have any
liability to Purchaser for the repayment of any portion or all of any debt service by the Borrower, or for the servicing of any Purchaser Loan sold to Purchaser hereunder after the related Closing Date. For the avoidance of doubt, Purchaser may
sell, transfer, or assign any Purchaser Loan to any Person following the purchase thereof from Bank. 
 Without limiting the foregoing and
notwithstanding anything to the contrary in this Agreement, Bank acknowledges and agrees that Bank shall not sell, distribute or otherwise use Customer Information except as contemplated under the Program, including for the purposes of soliciting
Borrowers directly or indirectly for any products or services not offered under the Program, regardless of Bank’s past or present ownership of such Customer Information. 

(b)    Servicing of Loans. As of each applicable Closing Date, Purchaser or its designee(s) shall be responsible
for the management, servicing, administration and collection related to the Purchaser Loans. Purchaser agrees to be responsible for the management, servicing, administration and collection related to the Retained Loans, which shall be memorialized
in a separate, mutually acceptable servicing agreement between the parties (“Servicing Agreement”). As of each applicable Closing Date, Purchaser or its designee(s) shall have full power and authority to do or cause to be
done any and all things relating to such servicing which Purchaser may deem necessary or desirable in accordance with Applicable Law with respect to Purchaser Loans. If (i) Purchaser, in its capacity as servicer of any Retained Loan, breaches
its obligations to comply with Applicable Laws in any material respect under the Servicing Agreement entered into between the parties, and such breach cannot be cured in all material respects within sixty (60) days after Bank provides written
notice to Purchaser of such breach, or (ii) any Retained Loan that has not been properly allocated to Bank in accordance with this Agreement, or (iii) Bank has repurchased any Purchaser Loan from a third party purchaser designated by
Purchaser where the underlying cause for such repurchase is an uncured material breach of Purchaser’s obligations under agreements between Purchaser and Bank, then at Bank’s option Purchaser shall purchase or cause to be purchased from
Bank such Purchaser Loan or Retained Loan, as applicable, within five (5) Business Days at a price equal to the Outstanding Principal Balance, plus any accrued and unpaid interest on such Retained Loan. Contemporaneous with any such
purchase by Purchaser of a Retained Loan pursuant to this Section 3(b), Bank will transfer all applicable Loan Documents in Bank’s possession to Purchaser. 

 

 (c)    True Sale. It is the express intent of the parties hereto
that the conveyance of the Purchaser Loans by Bank to Purchaser, as contemplated by this Agreement be, and be treated as, a sale of Purchaser Loans by Bank to Purchaser. It is, further, not the intention of the parties that such conveyance be, or be
deemed, a pledge of the Purchaser Loans by Bank to Purchaser to secure a debt or other obligation of Purchaser. However, in the event that, notwithstanding the intent of the parties, the Purchaser Loans are held by a court to continue to be property
of Bank then (i) this Agreement shall be deemed to be a security agreement within the meaning of Articles 8 and 9 of the applicable Uniform Commercial Code, (ii) the transfer of Purchaser Loans provided for herein shall be deemed to be a
grant by Bank to Purchaser of a security interest in all of Bank’s right, title and interest in and to the Purchaser Loans and all amounts payable on such Purchaser Loans (other than the applicable Trailing Fees) in accordance with the terms
thereof and all proceeds of the conversion, voluntary or involuntary, of such Purchaser Loans into cash, instruments, securities or other property, to the extent Purchaser would otherwise be entitled to own such Purchaser Loans and proceeds pursuant
to this Agreement, (iii) the possession by Purchaser, any of its assigns or an agent or custodian on behalf of Purchaser or any lender to Purchaser or any of its assigns and such other items of property as constitute instruments, money,
negotiable documents or chattel paper shall be deemed to be “possession by the secured party” for purposes of perfecting the security interest pursuant to Section 9-313 (or comparable provision)
of the applicable Uniform Commercial Code, and (iv) notifications to Persons holding such property, and acknowledgments, receipts or confirmations from Persons holding such property, shall be deemed notifications to, or acknowledgments,
receipts or confirmations from, financial intermediaries, bailees or agents (as applicable) of Purchaser for the purpose of perfecting such security interest under Applicable Laws. Any assignment of the interest of Purchaser shall also be deemed to
be an assignment of any security interest created hereby. Purchaser and Bank shall, to the extent consistent with this Agreement, take such actions as may be reasonably necessary to ensure that, if this Agreement were deemed to create a security
interest in the Purchaser Loans, such security interest would be deemed to be a perfected security interest of first priority under Applicable Laws. 

(d)    
Reserved. 
 4.     Reserve Account. 

(a)    Reserve Account. Not later than two (2) days prior to the Funding Date, Purchaser shall maintain one or
more Reserve Accounts with Bank and maintain immediately available funds in such Reserve Account in an amount at least equal to the Required Balance. In the event that the 

  
 5 

 
Reserve Account is not maintained with the Bank, then such Reserve Accounts shall be subject to a mutually acceptable deposit account control agreement in favor of Bank. In the event that Bank
notifies Purchaser in writing that the amount on deposit in the Reserve Accounts is at any time less than the Required Balance, Purchaser shall promptly deposit into the Reserve Account the amount necessary to attain the Required Balance. 

(b)    Security Interest. To secure the timely payment of the Purchase Price for each Purchaser Loan sold hereunder
and all obligations owing by Purchaser related thereto and the performance and observance of all the obligations and liabilities of Purchaser incurred under this Agreement, Purchaser hereby conveys, warrants, assigns, transfers, pledges and grants a
security interest unto Bank in all right, title, interest, claims and demands of Purchaser, wherever located, whether now or hereafter existing, owned or acquired in, to or under the Reserve Account. Purchaser agrees to take such measures as Bank
may reasonably require to perfect or protect a first priority security interest in the Reserve Account. Bank shall have all of the rights and remedies of a secured party under Applicable Laws in relation to the Reserve Account and the amounts at any
time on deposit therein, and shall be entitled to exercise those rights and remedies in its discretion. 

(c)    Right to Withdraw. Without limiting any other rights or remedies of Bank under this or any other Agreement,
Bank shall have the right to withdraw amounts from the Reserve Account, upon delivery of notice to Purchaser regarding such withdrawal, to fulfill any payment obligations of Purchaser under the Program. 

(d)    Release of Funds. Purchaser may withdraw amounts from the Reserve Account with the prior written consent of
Bank. In addition, in the event the amount on deposit in the Reserve Account at any time exceeds the Required Balance by more than ten (10%) percent calculated for a particular Business Day, then, Purchaser, at its option, may provide to Bank a
report setting forth the calculation of the Required Balance and the extent to which the funds on deposit in the Reserve Account at such time exceed the Required Balance and, within two (2) Business Days following receipt by Bank of such report
from Purchaser, Bank shall, if such excess still exists, transfer such excess from the Reserve Account to an account (by ACH or wire) designated by Purchaser. Bank shall release to Purchaser any funds remaining in the Reserve Account less any
amounts owed by Purchaser under the Program within twenty (20) Business Days after the termination of this Agreement. 

5.     Representations and Warranties of Bank. 

Bank hereby represents and warrants to Purchaser, as of the Effective Date and each Closing Date under this Agreement that: 

(a)    This Agreement constitutes a legal, valid and binding obligation of Bank, enforceable against Bank in accordance
with its terms except (i) to the extent that such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, or other similar laws now or hereafter in effect, which may affect the enforcement of
creditors’ rights in general, and (ii) as such enforceability may be limited by general principles of equity. 

(b)    Bank is an FDIC-insured New Jersey state-chartered bank, duly organized, existing, and in good standing under the
laws of the State of New Jersey. 

 (c)    Bank has full corporate power and authority to execute, deliver
and perform all its obligations under this Agreement. 
 (d)    The execution of this Agreement and the completion of
all actions required or contemplated to be taken by Bank hereunder are within the ordinary course of Bank’s business and not prohibited by, and complies with, Applicable Laws in all material respects. 

(e)    The execution, delivery and performance by Bank of this Agreement (i) comply with New Jersey and federal
banking laws in all material respects, and (ii) have been duly authorized by Bank, and are not in conflict with and do not violate the terms of the charter or by-laws of Bank and shall not result in a
material breach of or constitute a default under, or require any consent under, any indenture, loan or agreement to which Bank is a party. 

(f)    Bank is not Insolvent. 

(g)    All authorizations, approvals, licenses, consents, registrations and other actions by, notices to, and filings
with, any Person that may be required in relation to the execution, delivery, and performance of this Agreement by Bank, have been obtained, except to the extent that the failure to so obtain would not reasonably be likely to have a material adverse
effect on the Purchaser Loans. 
 (h)    There are no investigations or proceedings pending or, to the best knowledge of
Bank, threatened against Bank (i) seeking to prevent the completion of any of the transactions contemplated by this Agreement (ii) asserting the invalidity or unenforceability of this Agreement, (iii) seeking any determination or
ruling that, in the reasonable judgment of Bank, would reasonably be likely to adversely and materially affect the performance by Bank of its obligations under this Agreement, (iv) seeking any determination or ruling that would reasonably be
likely to adversely and materially affect the validity or enforceability of this Agreement or (v) that would be reasonably likely to have a materially adverse financial effect on Bank or its operations if resolved adversely to it. 

(i)    With respect to each Purchaser Loan: 

i)    Bank has the complete and unrestricted right and authority to sell, convey, assign, transfer and deliver to
Purchaser, such Purchaser Loan being sold to Purchaser pursuant to this Agreement, and the transfer of each such Purchaser Loan constitutes a valid and absolute sale, transfer, assignment, set-over and
conveyance to Purchaser of all of Bank’s right, title, and interest in and to such Purchaser Loan, provided the Bank shall make no representations or warranties for such sale, whether expressed or implied, except as set forth in this Agreement;

 ii)    Bank is the sole owner and holder of and has good and marketable title to such Purchaser Loan to be purchased
and upon the sale of such Purchaser Loan, Purchaser will receive such Purchaser Loan, free and clear of any liens, pledges or encumbrances created or incurred by Bank; 

iii)    Bank is not required to obtain any consent, license, approval or authorization, or registration or declaration
with, any Regulatory Authority in 

  
 7 

 
connection with the origination and sale of such Purchaser Loan being sold, transferred and assigned to Purchaser under this Agreement, and the origination, funding, and transfer to the Purchaser
of such Purchaser Loan complied in all material respects with all then-applicable federal, state and local lending laws and regulations, and no fraud, material misrepresentation or gross negligence has taken place by Bank in connection with the
origination of such Purchaser Loans; 
 iv)    The Loan Documents complied at the time executed with all Applicable Laws
in all material respects; 
 v)    The consummation of the transactions contemplated by this Agreement are in the
ordinary course of business of Bank, and the transfer, assignment and conveyance of such Purchaser Loan by Bank to Purchaser pursuant to this Agreement are not subject to bulk transfer or any similar statutory provisions in the State of New Jersey;

 vi)    Bank has maintained, and shall continue to maintain, records in a manner to clearly and unambiguously reflect
the ownership of Purchaser in such Purchaser Loan immediately following the transfers contemplated hereunder; 

vii)    Bank has not done, and shall not do, anything that would forgive, waive, amend, modify or alter the terms and
conditions or the balance of such Purchaser Loan or impair the enforceability or collectability of such Purchaser Loan; 

viii)    To Bank’s knowledge, no obligor has asserted any defense, counter claim, offset or dispute, or is the subject
of any bankruptcy or other similar proceeding; 
 ix)    Such Purchaser Loan is valid and enforceable, and was and is
free of any defense, offset, counterclaim or recoupment that could be asserted by an obligor with respect to such Purchaser Loan sold hereunder; 

x)    Any data provided by Bank to Purchaser with respect to such Purchaser Loan is true and correct in all respects, other
than with respect to information provided by Purchaser; 
 xi)    Such Purchaser Loan was underwritten in accordance with
the applicable underwriting criteria of the Program; 
 xii)    Such Purchaser Loan was originated in the United States,
is denominated in United States dollars and is payable in the United States; and 
 xiii)    The Loan Proceeds for such
Purchaser Loan have been fully disbursed. 
 The representations and warranties set forth in this Section 5 shall survive the sale, transfer, set-over, and assignment of the Purchaser Loans to Purchaser pursuant to this Agreement and, with the exception of those representations and warranties contained in subsection 5(h) shall be made continuously
throughout the term of this Agreement. In the event that any investigation or proceeding of the nature described in subsection 5(h) is instituted or threatened against Bank, Bank shall promptly notify Purchaser of such pending or threatened
investigation or proceeding to the extent permitted by Applicable Law. 

 6.     Representations and Warranties of
Purchaser. 
 Purchaser hereby represents and warrants to Bank, as of the Effective Date and each Closing Date under this Agreement
that: 
 (a)    This Agreement is valid, binding and enforceable against Purchaser in accordance with its terms, except
(i) as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, or other similar laws now or hereafter in effect, which may affect the enforcement of creditors’ rights in general, and
(ii) as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity) and Purchaser has received all necessary approvals and consents for the execution, delivery and performance by it of
this Agreement; 
 (b)    Purchaser is duly organized, validly existing, and in good standing under the laws of the
state of its organization and is authorized, registered and licensed to do business in each state in which the nature of its activities makes such authorization, registration or licensing necessary or required. 

(c)    Purchaser has the full corporate power and authority to execute and deliver this Agreement and perform all of its
obligations hereunder. 
 (d)    The execution of this Agreement and the completion of all actions required or
contemplated to be taken by Purchaser hereunder are within the ordinary course of Purchaser’s business and not prohibited by, and complies with, Applicable Laws in all material respects. 

(e)    The provisions of this Agreement and the performance of each of its obligations hereunder do not conflict with
Purchaser’s organizational or governing documents, or any agreement, contract, lease, order or obligation to which Purchaser is a party or by which Purchaser is bound, including any exclusivity or other provisions of any other agreement to
which Purchaser or any related entity is a party, and including any non-compete agreement or similar agreement limiting the right of Purchaser to engage in activities competitive with the business of any other
party or any regulatory or governmental authority that Purchaser is subject to. 
 (f)    There are no actions,
lawsuits, investigations or proceedings pending or, to the best knowledge of the Purchaser, threatened against the Purchaser (i) seeking to prevent the completion of any of the transactions contemplated by the Purchaser pursuant to this
Agreement (ii) asserting the invalidity or enforceability of this Agreement, (iii) seeking any determination or ruling that, in the reasonable judgment of the Purchaser, would be reasonably likely to have an adversely and materially affect
the performance by the Purchaser of its obligations under this Agreement, (iv) seeking any determination or ruling that would reasonably be likely to adversely and materially affect the validity or enforceability of this Agreement or
(v) would reasonably be likely to have a materially adverse financial effect on the Purchaser or its operations if resolved adversely to it. 

(g)    Purchaser is not Insolvent. 

  
 9 

 (h)    Any liability incurred by Purchaser or its affiliates for any
financial advisory fees, brokerage fees, commissions or finder’s fees directly or indirectly in connection with this Agreement or the transactions contemplated hereby will be borne by Purchaser. 

(i)    The execution, delivery and performance of this Agreement by Purchaser comply with all Applicable Laws in all
material respects. 
 (j)    Neither Purchaser nor any principal thereof has been or is the subject of any of the
following that will materially affect Purchaser’s ability to perform under this Agreement: 
 i)    an enforcement
agreement, memorandum of understanding, cease desist order, administrative penalty or similar agreement concerning lending matters, or participation in the affairs of a financial institution; 

ii)    an administrative or enforcement proceeding or investigation commenced by the Securities Exchange Commission, state
securities regulatory authority, Federal Trade Commission, any banking regulator or any other state or federal Regulatory Authority, with the exception of routine communications from a Regulatory Authority concerning a consumer complaint and routine
examinations of Purchaser conducted by a Regulatory Authority in the ordinary course of Purchaser’s business; or 

iii)    a restraining order, decree, injunction or judgment in any proceeding or lawsuit alleging fraud or deceptive
practices on the part of Purchaser or any principal thereof. 
 For purposes of this Section 6(j) the word
“principal” of Purchaser shall include (i) any person owning or controlling ten percent (10%) or more of the voting power of Purchaser, and (ii) any person actively participating in the control of Purchaser’s business; 

The representations and warranties set forth in this Section 6 shall survive the sale, transfer, set-over, and
assignment of the Purchaser Loans to Purchaser pursuant to this Agreement and, with the exception of those representations and warranties contained in subsection 6(f), shall be made continuously throughout the term of this Agreement. In the event
that any investigation or proceeding of the nature described in subsection 6(f) is instituted or threatened against Purchaser, Purchaser shall promptly notify Bank of such pending or threatened investigation or proceeding to the extent permitted by
Applicable Law. 
 7.     Additional Agreements. 

(a)    Both parties agree to reasonably cooperate with the other party in responding to an examination by the other
party’s Regulatory Authority and requests related to the Program. Each party shall use reasonable efforts to accommodate a Regulatory Authority’s requests including onsite audits to the extent requested in writing by a Regulatory Authority
or other direct requests of the non-supervised party by such Regulatory Authority. 

 (b)    Purchaser agrees to have sufficient cash, available lines of
credit or other sources of immediately available funds to enable it to timely pay all amounts to be paid by it under this Agreement. 
 
8.     Conditions Precedent to the Obligations of Bank. 
 Bank’s obligations under this Agreement
are subject to the satisfaction of the following conditions precedent on or prior to each Closing Date: 
 (a)    The
representations and warranties of Purchaser set forth in this Agreement shall be true and correct in all material respects on each Closing Date as though made on and as of such date; 

(b)    No action or proceeding shall have been instituted or threatened against Bank or Purchaser which is reasonably
likely to impede, prevent or restrain the initiation and completion of the purchase or other transactions contemplated hereby, and, on each Closing Date, there shall be no injunction, decree, or similar impediment or restraint preventing or
restraining such consummation; 
 (c)    This Agreement shall be in full force and effect; and 

(d)    The obligations of Purchaser under this Agreement and its obligations under the Program to be performed on or
before each Closing Date shall have been performed as of such date by Purchaser in all material respects. 

9.     Conditions Precedent to the Obligations of Purchaser.  

(a)    The representations and warranties of Bank set forth in this Agreement shall be true and correct in all material
respects on each Closing Date as though made on and as of such date; 
 (b)    No action or proceeding shall have been
instituted or threatened against Bank or Purchaser which is reasonably likely to impede, prevent or restrain the initiation and completion of the purchase or other transactions contemplated hereby, and, on each Closing Date, there shall be no
injunction, decree, or similar impediment or restraint preventing or restraining such consummation; 
 (c)    This
Agreement shall be in full force and effect; and 
 (d)    The obligations of Bank under this Agreement and its
obligations under the Program to be performed on or before each Closing Date shall have been performed as of such date by Bank in all material respects. 
 
10.     Term; Termination; Effect of Termination. 
 (a)    Term. Unless
terminated earlier in accordance with Article VIII, this Agreement shall have an initial term of four (4) years commencing upon the Effective Date (the “Initial Term”) and shall automatically renew for two
(2) successive terms of two (2) years (a “Renewal Term,” 

  
 11 

 
collectively, the Initial Term and Renewal Term(s) shall be referred to as the “Term”), unless either party provides notice to the other party of its intent to not renew
at least one hundred twenty (120) days prior to the end of the Initial Term. 
 (b)    Termination. Either
party shall have the right to terminate this Agreement immediately upon written notice to the other party in any of the following circumstances: 

i)    the other party shall materially breach this Agreement and such breach is not cured within thirty (30) days
after such breaching party receives written notice thereof from the non-breaching party, provided that the parties agree that the cure period for the breaching party shall be extended to ninety
(90) days so long as such party is working in good faith to cure such breach and such breach is capable of being cured within such ninety (90) day period; 

ii)    any representation or warranty made by the other party in this Agreement is incorrect in any material respect and
is not corrected within thirty (30) days after such other party obtains knowledge thereof or written notice thereof has been given to such other party; 

iii)    the other party commences a voluntary action or other proceeding seeking reorganization, liquidation, or other
relief with respect to itself or its debts under any bankruptcy, insolvency, receivership, conservatorship or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, conservator, custodian or other
similar official of it or any substantial part of its property, or shall consent to any such relief or to the appointment of a trustee, receiver, liquidator, conservator, custodian or other similar official or to any involuntary action or other
proceeding commenced against it; or 
 iv)    the other party becomes subject to an involuntary action or other
proceeding, whether pursuant to banking regulations or otherwise, seeking reorganization, liquidation or other relief with respect to it or its debts under any bankruptcy, insolvency, receivership, conservatorship or other similar law now or
hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, conservator, custodian or other similar official of it or any substantial part of its property; or an order for relief shall be entered against either party under the
federal bankruptcy laws as now or hereafter in effect. 
 (c)    Effect of Termination. The termination of this
Agreement shall not discharge any party from any obligation incurred prior to such termination, including, without limitation, Purchaser’s obligation to purchase any Purchaser Loans funded by Bank that Purchaser has not purchased as of the
effective date of termination. The terms of this Section 10 shall survive the expiration or earlier termination of this Agreement. 

11.     Successors and Third Parties. 

This Agreement and the rights and obligations hereunder shall bind and inure to the benefit of the parties hereto and their successors and
assigns. The rights and benefits hereunder are specific to the parties and shall not be delegated (except to service providers vetted by the 

 
delegating party and over which the delegating party maintains oversight) or assigned without the prior written consent of the other party, which shall not be unreasonably withheld. Nothing in
this Agreement is intended to create or grant any right, privilege or other benefit to or for any Person or entity other than the parties hereto. Notwithstanding the foregoing, Purchaser may assign its rights hereunder without Bank’s consent,
including in connection with a transfer to special purpose entity 100% owned and controlled by Purchaser, or a securitization transaction or Whole Loan Transfer. 

12.     Indemnification; Limitations of Liability. 

(a)    Indemnification by Purchaser. Except to the extent of any Losses (as herein defined) which arise from the
direct acts or omissions of Bank or an affiliate of Bank, including Bank’s breach of any representations, warranties or covenants under this Agreement, or by negligence, fraud, bad faith or willful misconduct on the part of Bank, Purchaser
shall be liable to and shall indemnify and hold harmless Bank and its respective directors, officers, employees, agents and affiliates and permitted assigns from and against any and all Losses arising out of (i) any failure of Purchaser to
comply with any of the terms and conditions of this Agreement, or (ii) the inaccuracy of any representation or warranty made by Purchaser herein. For the avoidance of doubt, Bank hereby acknowledges and agrees that the forgoing undertaking is
not and shall not be construed to be a guaranty of payment or performance by any Borrower of all or any amounts owed in relation to any Loan, nor shall be enforced in a manner that would render such undertaking the legal or economic equivalent of a
guaranty by Purchaser of such payment or performance by any Borrower. 
 (b)    Indemnification by Bank. Except
to the extent of any Losses which arise from the direct acts or omissions of Purchaser or an affiliate of Purchaser, including Purchaser’s breach of any representations, warranties or covenants under this Agreement, or by negligence, fraud, bad
faith or willful misconduct on the part of Purchaser, Bank shall be liable to and shall indemnify and hold harmless Purchaser and its respective officers, directors, employees, agents and affiliates and permitted assigns, from and against any Losses
arising out of (i) the failure of Bank to comply with any of the terms and conditions of this Agreement, or (ii) the inaccuracy of any representation or warranty made by Bank herein. For the avoidance of doubt, Purchaser hereby
acknowledges and agrees that the forgoing undertaking is not and shall not be construed to be a guaranty of payment or performance by any Borrower of all or any amounts owed in relation to any Loan, nor shall be enforced in a manner that would
render such undertaking the legal or economic equivalent of a guaranty by Bank of such payment or performance by any Borrower. 

(c)    Losses Defined. For the purposes of this Agreement, the term “Losses” shall mean all out-of-pocket costs, damages, losses, fines, penalties, judgments, settlements and expenses whatsoever, including, without limitation, outside attorneys’ fees and
disbursements and court costs reasonably incurred by the Indemnified Party, in connection with any judicial, administrative, legislative or other proceeding or claim made by a third party. 

(d)    Notice of Claims. In the event any claim is made, any suit or action is commenced or any actual knowledge of
a state of facts that, if not corrected, would give rise to a right of indemnification of a party hereunder (“Indemnified Party”) by the other party (“Indemnifying Party”) is received, the Indemnified
Party will give notice to the Indemnifying Party as promptly 

  
 13 

 
as practicable, but, in the case of lawsuit, in no event later than the time necessary to enable the Indemnifying Party to file a timely answer to the complaint. The Indemnified Party shall make
available to the Indemnifying Party and its counsel and accountants at reasonable times and for reasonable periods, during normal business hours, all books and records of the Indemnified Party relating to any such possible claim for indemnification,
and each party hereunder will render to the other such assistance as it may reasonably require of the other (at the expenses of the party requesting assistance) in order to insure prompt and adequate defense of any suit, claim or proceeding based
upon a state of facts which may give rise to a right of indemnification hereunder. 
 (e)    Defense and Counsel.
Subject to the terms hereof, the Indemnifying Party shall have the right to assume the defense of any suit, claim, action or proceeding. In the event that the Indemnifying Party elects to defend any suit, claim or proceeding, then the Indemnifying
Party shall notify the Indemnified Party via facsimile transmission or email, with a copy by mail, within ten (10) days of having been notified pursuant to this Section 12 that the Indemnifying Party elects to employ
counsel and assume the defense of any such claim, suit, action or proceeding. The Indemnifying Party shall institute and maintain any such defense diligently and reasonably and shall keep the Indemnified Party fully advised of the status thereof.
The Indemnified Party shall have the right to employ its own counsel if the Indemnified Party so elects to assume such defense, but the fees and expense of such counsel shall be at the Indemnified Party’s expense, unless (i) the employment
of such counsel shall have been authorized in writing by the Indemnifying Party; (ii) such Indemnified Party shall have reasonably concluded that the interests of such parties are conflicting such that it would be inappropriate for the same
counsel to represent both parties or shall have reasonably concluded that the ability of the parties to prevail in the defense of any claim are improved if separate counsel represents the Indemnified Party (in which case the Indemnifying Party shall
not have the right to direct the defense of such action on behalf of the Indemnified Party), and in either of such events such reasonable fees and expenses shall be borne by the Indemnifying Party; (iii) the Indemnified Party shall have
reasonably concluded that it is necessary to institute separate litigation, whether in the same or another court, in order to defend the claims asserted against it; (iv) the Indemnified Party reasonably concludes that the ability of the parties
to prevail in the defense of any claim is materially improved if separate counsel represents the Indemnified Party; and (v) the Indemnifying Party shall not have employed counsel reasonably acceptable to the Indemnified Party to take charge of
the defense of such action after electing to assume the defense thereof. In the event that the Indemnifying Party elects not to assume the defense of any suit, claim, action or proceeding, then the Indemnified Party shall do so and the Indemnifying
Party shall pay for, or reimburse Indemnified Party, as the Indemnified Party shall elect, all Losses of the Indemnified Party in accordance with Section 12(g) below. 

(f)    Settlement of Claims. The Indemnifying Party shall have the right to compromise and settle any suit, claim
or proceeding in the name of the Indemnified Party; provided, however, that the Indemnifying Party shall not compromise or settle a suit, claim or proceeding (i) unless it indemnifies the Indemnified Party for all Losses arising
out of or relating thereto and (ii) with respect to any suit, claim or proceeding which seeks any non-monetary relief, without the consent of the Indemnified Party, which consent shall not unreasonably be
withheld. The Indemnifying Party shall not be permitted to make any admission of guilt on behalf of the Indemnified Party. Any final judgment or decree entered on or in, any claim, suit or action which the Indemnifying Party did not assume the
defense of in accordance herewith, shall be deemed to have been consented to by, and shall be binding upon, the Indemnifying Party as fully as if the Indemnifying Party had assumed the defense thereof and a final judgment or decree had been entered
in such suit or action, or with regard to such claim, by a court of competent jurisdiction for the amount of such settlement, compromise, judgment or decree. The Indemnifying Party shall be subrogated to any claims or rights of the Indemnified Party
as against any other Persons with respect to any amount paid by the Indemnifying Party under this Section 12(f). 

 (g)    Indemnification Payments; Disputes. Subject to each
party’s compliance with the rights and duties set forth in this Section 12, amounts owing under Section 12 shall be paid promptly upon written demand for indemnification containing in reasonable detail the facts
giving rise to such Losses; provided, however, that if the Indemnifying Party notifies the Indemnified Party within thirty (30) days of receipt of such demand that it disputes its obligation to indemnify (including its obligation to defend), or
the Losses being claimed, and the parties are not otherwise able to reach agreement, the controversy shall be settled through arbitration as described in Section 18. 

(h)    Purchaser Obligations. Notwithstanding anything in this Agreement to the contrary, in no event shall Bank
have any liability to Purchaser under this Agreement (for indemnification or otherwise) to the extent such liability arises from Purchaser’s uncured breach of agreements between the parties related to marketing and origination assistance of
Loans. 
 (i)    EXCEPT WITH RESPECT TO DAMAGES OR CLAIMS ARISING DUE TO A PARTY’S FRAUD, WILLFUL MISCONDUCT, GROSS
NEGLIGENCE, BREACH OF CONFIDENTIALITY OBLIGATIONS UNDER THIS AGREEMENT, OR ALLEGED OR ACTUAL INFRINGEMENT OF INTELLECTUAL PROPERTY, OR MISUSE OF ANY CUSTOMER INFORMATION, NEITHER PARTY SHALL BE LIABLE TO THE OTHER PARTY FOR INDIRECT, SPECIAL,
INCIDENTAL, PUNITIVE, CONSEQUENTIAL, OR EXEMPLARY DAMAGES OR LOST PROFITS (EVEN IF SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES) ARISING OUT OF OR IN CONNECTION WITH THE PROGRAM. 

13.     Notices. 

All notices, requests and approvals required or permitted by this Agreement shall be in writing and addressed/directed to the other party at
the address/telefacsimile number/electronic mail (email) address below or at such other address/telefacsimile number/email address of which the notifying party hereafter receives notice in conformity with this Section 13.
All such notices, requests and approvals shall be deemed given either (i) when personally delivered, (ii) if sent by mail, in which event it shall be sent postage prepaid, upon delivery thereof to the addressee, or, (iii) if sent by
telegraph, telex, or telefacsimile (with oral confirmation of receipt), upon sending or (iv) or nationally recognized overnight delivery, upon delivery thereof to the addressee. The addresses and telefacsimile numbers of the parties are as
follows: 
  

	 	To Bank:	 Cross River Bank 

400 Kelby Street 

Fort Lee, New Jersey 07024 

Attention: Gilles Gade, President 

Telephone: 

Facsimile: 

Email: 

  
 15 

	 	With a copy to:	 Cross River Bank 

400 Kelby Street 

Fort Lee, New Jersey 07024 

Attention:    Arlen Gelbard, Esq., General Counsel 

Telephone: 

Facsimile No.: 

Email: 
 And

 Cross River Bank 

400 Kelby Street 

Fort Lee, New Jersey 07024 

Attention:    Adam Goller, Executive Vice President 

Telephone: 

Facsimile No.: 

Email: 
  

	 	To Purchaser:	 Upstart Network, Inc. 

Two Circle Star Way 

San Carlos, California 94070 

Attention: Dave Girouard, CEO 

Telephone: 

Email: 
  

	 	With a copy to:	 General Counsel 

Telephone: 

Email: 
 
14.    Relationship of the Parties. 
 It is agreed and understood that that in performing their
responsibilities pursuant to this Agreement, both parties are acting as independent contractors. This Agreement is not intended to create, nor does it create and shall not be construed to create, a partnership or joint venture or any other common
association for profit between Bank and Purchaser. Nothing in this Agreement shall be construed to limit Bank’s ability to sell any Loans to another Person in the event Purchaser is unwilling or unable, or for any reason fails, to purchase such
Loans under this Agreement. 
 15.    Reserved. 

16.    Expenses. 

(a)    Except as set forth herein, each of Bank and Purchaser shall bear the costs and expenses of performing their
respective obligations and duties under this Agreement. 

 (b)    Each of Bank and Purchaser shall be responsible for payment of
its own federal, state or local taxes or assessment associated with the performance of their respective obligations and duties under this Agreement. 

(c)    Within ten (10) days after receipt of a verified invoice from Bank, Purchaser shall reimburse Bank for the
reasonable and documented monthly costs associated with any required transfer of funds from the Reserve Account to Purchaser if the Reserve Account is held at a bank other than Bank. 

17.    Reserved.  

18.    Governing Law; Jurisdiction. 

(a)    This agreement shall be construed and enforced in accordance with and governed by the laws of the State of
Delaware, without regard to the conflict of laws principles thereof. 
 (b)    At the request of either party, any
dispute between the parties relating to this Agreement shall be submitted to binding arbitration under the Commercial Arbitration Rules of the American Arbitration Association. The parties agree that any arbitration proceedings hereunder, unless
otherwise agreed to by the parties, shall be conducted in the city of the home office of the party not commencing arbitration. Each party hereto consents to the jurisdiction over it by any court or arbitration panel as described herein. The
arbitrator shall be authorized to award such relief as is allowed by law. Except as provided below, each party shall be responsible for its own attorneys’ fees incurred during the course of the arbitration, as well as the costs of any witnesses
or other evidence such party produces or causes to be produced. The award of the arbitrator shall include findings of fact and conclusions of law. Such award shall be kept confidential and shall be final, binding and conclusive on the parties.
Judgment on the award may be entered by any court of competent jurisdiction. 
 19.    Manner of
Payments. 
 Unless the manner of payment is expressly provided herein, all payments under this Agreement shall be made by ACH, wire or
other electronic transfer to the bank accounts designated by the respective parties. Notwithstanding anything to the contrary contained herein, neither party shall fail to make any payment required of it under this Agreement as a result of a breach
or alleged breach by the other party of any of its obligations under this Agreement or any other agreement, provided that the making of any payment hereunder shall not constitute a waiver by the party making the payment of any rights it may have
under this Agreement or by law. 
 20.    Referrals. 

Neither party has agreed to pay any fee or commission to any agent, broker, finder, or other Person for or on account the sale of Purchaser
Loans pursuant to this Agreement that would give rise to any valid claim against the other party for any commission, finder’s fee or like payment. 

  
 17 

 21.    Entire Agreement. 

This Agreement and its schedules and exhibits (all of which schedules and exhibits are hereby incorporated into this Agreement) and the
documents executed and delivered pursuant hereto and thereto, constitute the entire agreement between the parties with respect to the subject matter hereof and thereof, and supersede any prior or contemporaneous negotiations or oral or written
agreements between the parties hereto with respect to the subject matter hereof or thereof, except where survival of prior written agreements is expressly provided for herein. 

22.    Amendment and Modifications. 

Alterations, modifications, or amendments of a provision of this Agreement, including all exhibits attached hereto, shall not be binding and
shall be void unless such alteration, modification, or amendment is in writing and executed by authorized representatives of Purchaser and Bank. 
 
23.    Waivers. 
 The delay or failure of either party to enforce any of the provisions of this Agreement
shall not be construed to be a waiver of any right of that party. All waivers must be in writing and signed by both parties. 
 
24.    Severability. 
 If any provision of this Agreement shall be held illegal, invalid, or unenforceable,
the remaining provisions shall remain in full force and effect. 
 25.    Interpretation. 

The parties acknowledge that each party and its counsel have reviewed and revised this Agreement and that the normal rule of construction to
the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this Agreement or any amendments thereto, and the same shall be construed neither for nor against either party, but shall be
given a reasonable interpretation in accordance with the plain meaning of its terms and the intent of the parties. 

26.    Headings. 

Captions and headings in this Agreement are for convenience only, and are not to be deemed part of this Agreement. 

27.    Counterparts. 

This Agreement may be executed and delivered by the parties in any number of counterparts, and by different parties on separate counterparts,
each of which counterpart shall be deemed to be an original and all of which counterparts, taken together, shall constitute but one and the same instrument. The parties agree that this Agreement and signature pages may be transmitted between them by
electronic mail and that PDF signatures may constitute original signatures and that a PDF signature page containing the signature (PDF or original) is binding upon the parties. 

 [Signature Page Follows] 

  
 19 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly
authorized officers as of the date first written above. 
  

			
	PURCHASER:
	
	UPSTART NETWORK, INC.

 
			
		
	By:	 	 /s/ Dave Girouard

		 	Name:
		 	Title:

  

			
	BANK:
	
	CROSS RIVER BANK
		
	By:	 	 /s/ Gilles Gade

		 	Name: Gilles Gade
		 	Title: President
		
	By:	 	 /s/ Arlen Gelbard

		 	Name: Arlen Gelbard
		 	Title: General Counsel

 Schedule 1 

Definitions 

“ACH” means automated clearing house. 

“Applicable Laws” means all federal, state and local laws, statutes, ordinances, regulations and orders, together with
all rules and guidelines established by self-regulatory organizations, including the National Automated Clearing House Association, or government sponsored entities, relating to or affecting any aspect of the Loans, consumer credit laws, rules and
regulations, and all requirements of any Regulatory Authority having jurisdiction over any activity provided for in this Agreement, including all rules and any regulations or policy statements or guidance and any similar pronouncement of a
Regulatory Authority, or judicial or regulatory interpretation of the foregoing, applicable to the acts of Bank or Purchaser as they relate to this Agreement. 

“Borrower” means, with respect to any Loan, each Person who is a borrower under such Loan and each other obligor
(including any co-signor or guarantor) of the payment obligation for such Loan. 

“Business Day” means any day upon which New Jersey state banks are open for business, but excluding Saturdays and
Sundays. 
 “Closing Date” means with respect to a Purchaser Loan shall be either three (3) Business Days, five
(5) Business Days or, with Bank’s prior written consent, another period not less than three (3) Business Days and not to exceed thirty-seven (37) days after the Funding Date, unless otherwise agreed by the parties. 

“Customer Information” means all information concerning the underlying borrowers for the Loans, including nonpublic
personal information as defined under the Gramm-Leach-Bliley Act of 1999 and implementing regulations, including all nonpublic personal information of or related to customers or consumers of either party, including but not limited to names,
addresses, telephone numbers, account numbers, customer lists, credit scores, and account, financial, transaction information, consumer reports and information derived from consumer reports, that is subject to protection from publication under
applicable law, including (i) any and all medical or personal information that is required to be treated as confidential or nondisclosable pursuant to the Health Insurance Portability & Accountability Act of 1996, as amended, including
the rules and regulations thereunder, and the related privacy and security provisions of the Health Information Technology for Economic and Clinical Health Act of 2009, as amended, including the rules and regulations thereunder; and (ii) any
and all data required to be treated as confidential or otherwise subject to the control objectives of the Payment Card Industry Data Security Standard, as amended, including the rules and regulations thereunder. 

“Defaulted Loan” shall mean, as of any date of determination, a Loan for which the servicer has charged-off and has an Outstanding Principal Balance of more than $1.00. 
 “Delinquency
Ratio” shall mean with respect to Covered Loans for any period, the fraction expressed as a percentage, the numerator of which is the outstanding (or charged off if applicable) principal amount of such Covered Loans that are 60 or more
days past due including defaulted Covered Loans and the denominator of which is the aggregate principal amount of all such Covered Loans at origination. 

 “Delinquency Ratio Trigger” means for Covered Loans that are 6, 9
and 12 months from origination the percentage set forth in the table below. For the purposes of calculating the Delinquency Ratio Trigger, the Delinquency Ratio for each category shall be calculated monthly as 3 month moving average such that at the
time of each monthly calculation, the Delinquency Ratio will be calculated for each of the 3 most recent months of Covered Loans that fall in the applicable Months Since Origination category and averaged to determine if the Delinquency Ratio Trigger
has been exceeded for that category. 
  

			
	 Months Since Origination
	  	 Delinquency Ratio Trigger

	6	  	[***]%
	9	  	[***]%
	12	  	[***]%

 “Exception-Basis Loans” means Loans allocated to Bank for retention based on specific
selection criteria mutually agreed by the parties and which criteria may be updated from time to time. 
 “FDIC”
means the Federal Deposit Insurance Corporation. 
 “Funding Account” means any account designated by Bank by
written notice to Purchaser after the Effective Date to receive funds in consideration of the sale of Purchaser Loans, provided that Bank shall give Purchaser at least five (5) Business Days prior written notice of any change to the Funding
Account. 
 “Funding Date” means the day on which Bank disbursed the Loan Proceeds to the Borrower under the
applicable Loan. 
 “Funding Statement” is as defined in Section 3(b). 

“Insolvent” means, with respect to a party, if such party commences a voluntary action or other proceeding seeking
reorganization, liquidation, or other relief with respect to itself or its debts under any bankruptcy, insolvency, receivership, conservatorship or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver,
liquidator, conservator, custodian or other similar official of it or any substantial part of its property, or shall consent to any such relief or to the appointment of a trustee, receiver, liquidator, conservator, custodian or other similar
official or to any involuntary action or other proceeding commenced against it; or becomes subject to an involuntary action or other proceeding, whether pursuant to banking regulations or otherwise, seeking reorganization, liquidation or other
relief with respect to it or its debts under any bankruptcy, insolvency, receivership, conservatorship or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, conservator, custodian or other
similar official of it or any substantial part of its property; or an order for relief shall be entered against either party under the federal bankruptcy laws as now or hereafter in effect. 

  

	***	 Certain information, as identified by [***], has been excluded from this agreement because it is both
(i) not material and (ii) would be competitively harmful if publicly disclosed. 

 “Interim Interest” with respect to any Purchaser Loan, the interest
accrued thereon from the Funding Date to the related Closing Date. 
 “Loan” means a consumer loan made by Bank to a
Borrower under the Program. 
 “Loan Application” means the completed paper document or electronic application
submitted by the applicable Borrower when requesting a Loan from Bank, together with any exhibits and ancillary materials. 

“Loan Documents” mean, collectively, with respect to any Loan, the Note, the Loan Application and any other documents
signed by Borrowers in connection with such Loan. 
 “Loan Premium Fee” means the amount per Loan calculated in
accordance with Schedule 2 hereto. 
 “Loan Proceeds” means, for any Loan, the actual funds disbursed to a
Borrower, consisting of the principal amount of such Loan less the related origination fees. 
 “Maximum Monthly Retention
Amount” means, after excluding Exception-Basis Loans, an amount equal to the lesser of (a) $[***] or (b) [***]% of the aggregate amount of Loans generated under the Program as of such date. 

“Maximum Outstanding Retention Amount” means, after excluding Exception-Basis Loans, an amount equal to $[***]. 

“Note” means, with respect to each Loan, the electronic records evidencing the Borrower’s obligation with regards
to a Loan. 
 “Outstanding Principal Balance” means, with respect to any Loan at any date of calculation, the
original principal balance owed by the related Borrower, less all payments of principal payments received from Borrower. 

“Person” means any individual, corporation, partnership, limited liability company, joint venture, estate, trust,
unincorporated association, any other entity, any Governmental Authority and any fiduciary acting in such capacity on behalf of any of the foregoing. 

“Program” means the activities performed by Purchaser and Bank in connection with the marketing, origination, sale and
servicing of Loans under that certain Third Amended and Restated Loan Program Agreement, between the parties hereto, dated on or about the date hereof. 

“Purchase Price” means [***]. 

“Purchaser Loans” means all Loans, except for Retained Loans, and shall include (a) any and all security interest
of Bank pertaining to the Purchaser Loans, (b) all payments applicable to such Purchaser Loans that are received or receivable and all other amount due or to become due on or after the related Closing Date, (c) any and all servicing rights
associated with such Purchaser Loans and (d) all books and records and other rights, interests, benefits, proceeds, remedies and claims arising from or relating to such Purchaser Loan. 

  

	***	 Certain information, as identified by [***], has been excluded from this agreement because it is both
(i) not material and (ii) would be competitively harmful if publicly disclosed. 

 “Purchaser Platform” means the means the proprietary system
developed and operated by Purchaser, including computer software, websites, proprietary system information, and related technology and documentation, developed and owned by, or licensed by third parties to, Purchaser relating to the services offered
and/or provided by Purchaser to its customers and customers of third parties designated by Purchaser that may purchase Purchaser Loans. 

“Regulatory Authority” means the Office of the New Jersey Department of Banking and Insurance, the FDIC and any local,
state or federal regulatory authority, including the Consumer Financial Protection Bureau, that currently has, or may in the future have, jurisdiction or exercising regulatory or similar oversight with respect to any of the activities contemplated
by this Agreement or to Bank or Purchaser (except that nothing herein shall be deemed to constitute an acknowledgement by Bank that any Regulatory Authority other than the New Jersey Department of Banking and Insurance and the FDIC has jurisdiction
or exercises regulatory or similar oversight with respect to Bank). 
 “Required Balance” means an amount equal to
the product of (A) [***]% multiplied by (B) sum of (i) the Purchase Price, plus the Loan Premium Fee, plus the projected Trailing Fee payable with respect to the Purchaser Loans originated that day, plus (ii) the
aggregate Purchase Price of all outstanding Purchaser Loans not purchased by Purchaser, plus (iii) an amount equal to the Interim Interest to accrue, on a Purchaser Loan originated that day, from the date the Loan Proceeds are disbursed
to the Borrower. For avoidance of doubt, the Required Balance calculation shall not take into account any Loans allocated as Retained Loans. 

“Reserve Account” means a deposit account in Purchaser’s name established by Purchaser at Bank. 

“Retained Loan” means each Loan allocated to Bank that is (i) randomly assigned in accordance with procedures
mutually agreed to by the parties to ensure that no adverse selection of Loans occurs, or (ii) an Exception-Basis Loan, in each case that is (a) not sold, transferred or otherwise conveyed to Purchaser or Purchaser’s designee and
(b) not a Purchaser Loan. 
 “Retained Loan Limits” means, with respect to any Loan, the limits that would be
exceeded if such Loan were retained by Bank because such Loan would cause (i) the original principal balance of such Loan, when added to the aggregate sum of the Outstanding Principal Balances all other Retained Loans originated in the same
calendar month, exceed the Maximum Monthly Retention Amount, (ii) the original principal balance of such Loan, when added to the aggregate sum of the then Outstanding Principal Balances of all other Retained Loans (except for Retained Loans
that are Defaulted Loans), exceed the Maximum Outstanding Retention Amount, and (iii) more than [***]% of all Retained Loans related to a Borrower with a related credit score at origination of less than or equal to [***]. 

“Retention Cessation Event” means (a) a Delinquency Ratio Trigger is exceeded in any month or (b) Bank
delivers a notice to Purchaser of Bank’s intent to cease retaining Loans as a result of its inability to retain Loans in accordance with Applicable Laws. 

  

	***	 Certain information, as identified by [***], has been excluded from this agreement because it is both
(i) not material and (ii) would be competitively harmful if publicly disclosed. 

 “Retention Cessation Period” means the period commencing with the
occurrence of any Retention Cessation Event and continuing until such Retention Cessation Event has been cured or otherwise ceases to occur. 

“Trailing Fee” means the amount calculated per Purchaser Loan in accordance with Schedule 3 hereto. 

“Whole Loan Transfer” means any sale or transfer of some or all of the Loans (including Retained Loans). 

 Schedule 2 

Loan Premium Fee 
 Each month the Bank
shall be entitled to total aggregated Loan Premium Fees equal to the greater of the following: 
 (x) [***] 

Or 
 (y) the sum of the amounts calculated as
set forth below: 
  

			
	 Aggregate Monthly Loans for the

Prior Calendar Month
	  	Bps of principal loan
amount
	$1 to $20,000,000	  	[***]
	$21,000,001-$50,000,000	  	[***]
	Greater than $50,000,000	  	[***]

 For clarity, the applicable Loan Premium Fee for each Loan will be determined based on (i) the overall Loan volume in the
calendar month immediately prior to the month of origination of such Purchaser Loan, and (ii) the tier in which such Purchaser Loan falls in the table above based on such overall Loan volume in the prior month. 

  

	***	 Certain information, as identified by [***], has been excluded from this agreement because it is both
(i) not material and (ii) would be competitively harmful if publicly disclosed. 

 Schedule 3 

Trailing Fee 
 The projected Trailing Fee
for each Purchaser Loan shall be calculated in each month as follows: 
  

			
	 Aggregate Monthly Loans for the

Prior Calendar Month
	  	Bps of principal loan
amount
	$1 to $20,000,000	  	[***]
	$21,000,001-$50,000,000	  	[***]
	Greater than $50,000,000	  	[***]

 For clarity, the applicable Trailing Fee for each Purchaser Loan will be determined based on (i) the overall Loan volume
in the calendar month immediately prior to the month of origination of such Purchaser Loan, and (ii) the tier in which such Purchaser Loan falls in the table above based on such overall Loan volume in the prior month. 

  

	***	 Certain information, as identified by [***], has been excluded from this agreement because it is both
(i) not material and (ii) would be competitively harmful if publicly disclosed.EX-10.15

 Exhibit 10.15 

AMENDED & RESTATED PROMOTION AGREEMENT (PERSONAL LOANS) 

This Amended & Restated PROMOTION AGREEMENT (“Agreement”) is made as of May 11, 2020
(“Effective Date”) by and between Upstart Network, Inc., a Delaware corporation with its principal office located at 2950 S. Delaware St., #300, San Mateo, CA 94403 (“Advertiser”) and Credit Karma
Offers, Inc., a Delaware corporation with its principal office located at 760 Market St., 10th Floor, San Francisco, CA 94102 (“Company”). 

RECITALS 
 WHEREAS,
Company and Advertiser previously entered into that certain Promotion Agreement (Personal Loans) dated August 1, 2014, including all addenda and amendments entered into from time to time by the parties (the “Existing
Agreement”); 
 WHEREAS, Company and Advertiser wish to amend and restate the Existing Agreement in its entirety; 

WHEREAS, Advertiser provides an online platform to deliver financial products and services to consumers on behalf of itself and
financial institutions that Advertiser partners with; 
 WHEREAS, Company owns and operates the Company Website through which Company
offers Company Customers access to a credit score and other financial products and services; 
 WHEREAS, Company and Advertiser each
believe it would be beneficial to their respective businesses to offer the Advertiser Products to Company Customers upon the terms set forth herein; 

NOW, THEREFORE, in consideration of the mutual covenants set forth herein, Advertiser and Company hereby agree to the following terms
and conditions: 
 1. DEFINITIONS. Capitalized terms defined in this document shall have the meaning set forth in this Section or elsewhere in
this Agreement, as applicable. 
 1.1. “Advertiser Products” means the financial products offered by either
Advertiser or an Upstart Partner (defined below) and for which Company intends to refer potential Company Customers to Advertiser or Upstart Partner, as applicable. 

1.2. “Advertiser Website” means www.upstart.com and any related landing pages or successor sites operated in
connection with Advertiser’s or its affiliates’ business or Upstart Partners. 
 1.3. “Application”
means a personal loan application that is completed and submitted by a Company Customer on the Advertiser Website. 
 1.4.
“Claim” means any claim, legal or equitable, cause of action, suit, litigation, proceeding (including a regulatory or administrative proceeding), grievance, complaint, demand, charge, investigation, audit, arbitration,
mediation or other process for settling disputes or disagreements, including, without limitation, any of the foregoing processes or procedures in which injunctive or equitable relief is sought. 

1.5. “Click ID” means the sequential number assigned by the Company to a member “click” on an offer
on the Company Website. 

  
 1 

 1.6. “Company Customer” means an individual who visits the
Company Website. 
 1.7. “Company Website” means www.creditkarma.com and any related landing pages or
successor sites operated in connection with Company’s business, including any marketing efforts (via email, call center, or any other medium) related to Company Website. 

1.8. “Funded Loan” means a loan to a Company Customer resulting from an Application that was submitted: a)
after clicking (or otherwise affirmatively acting) on a Promotion, and b) within thirty (30) days following Company Customer’s click (or other affirmative act) of the Promotion. 

1.9. “Governmental Authority” means any federal, state, local, foreign or supranational
government or political subdivision thereof, or any agency or instrumentality of such government or political subdivision, or any self-regulated organization or other non-governmental regulatory authority or
quasi-governmental authority (to the extent that the rules, regulations or orders of such organization or authority have the force of Law), or any arbitrator, court or tribunal of competent jurisdiction. 

1.10. “Governmental Order” means any order, writ, judgment, injunction, decree, stipulation,
award or determination entered by or with any Governmental Authority. 
 1.11. “Indemnified Party” means the
party seeking indemnification pursuant to Section 11 of this Agreement. 
 1.12. “Indemnifying Party”
means the party obligated to indemnify the Indemnified Party under this Agreement. 
 1.13. “Law”
means any statute, law, ordinance, regulation, rule, code, constitution, treaty, common law, Governmental Order, other requirement or rule of law of any Governmental Authority applicable to matters related to this Agreement. 

1.14. “Loan Record(s)” means the records kept in the normal course of business by Advertiser, in accordance
with Law, or by Advertiser on behalf of Upstart Partners, related to each loan funded by Advertiser or Upstart Partner, as applicable, through the Advertiser Website including, but not limited to, the name of the borrower. 

1.16. “Losses” means and includes any loss, assessment, fine, penalty, deficiency, interest, payment, expense,
cost, debt, indebtedness, liability, lien, judgment or damage, which is sustained, incurred or accrued. 
 1.17.
“Marks” means all trade names, domain names, trademarks, service marks, logos and other distinctive brand features of a party. Marks shall include Upstart Partner’s Marks if previously agreed to by Upstart Partner in
writing (including electronic mail). 
 1.18. “Promotional Materials” mean the materials, which may include
text, images, audiovisual materials, scripts, logos, and the like, that relate in any way to Advertiser, an Upstart Partner, the Advertiser Products or the Promotion, and in each case, the form of which is approved in advance by Advertiser. 

  
 2 

 1.19. “Promotion” means Company’s displaying of the
Advertiser Products as a personal loan product to Company Customers. 
 1.20. “Upstart Partner” means the
financial institution that funds, offers, or markets the Advertiser Products. 
 2. PROMOTION. 

2.1. General. Company may, in its sole discretion, offer the Promotion through the Company Website. Company may provide
Promotional Materials that describe the Promotion to Company Customers. If Company offers the Promotion through the Company Website, Company agrees that only Company Customers who click through a link or otherwise affirmatively act in order to be
referred to the Advertiser Website shall be forwarded to the Advertiser Website. Company agrees that any changes to any page of the Company Website on which a Promotion is offered under this Agreement will not violate Advertiser’s Compliance
Requirements as set forth in Exhibit D. Company agrees not to impose any fees or charges on Company Customers for access to the Promotion. Advertiser shall deliver to Company, in a form reasonably satisfactory to Company, (i) a
rate matrix, (ii) the jurisdictions in which Advertiser is licensed to conduct business, (iii) marketing bullets related to the Promotion and (iv) any other materials reasonably requested by Company. The parties shall mutually agree
to the list of Upstart Partners for a Promotion, including any changes thereto, prior to the launch of any Promotion in connection with such Upstart Partner, where agreement via electronic mail shall be sufficient. If Advertiser wishes to add or
remove an Upstart Partner connected to a Promotion from the then-current list, Advertiser shall provide advanced reasonable notice to Company in writing, where notice via electronic mail shall be sufficient. 

2.2. Tracking ID. Advertiser will enable and provide support for tracking and reporting of Company Click ID appended to
Advertiser offer link. Advertiser agrees that such support for the Click ID variable capability shall be operational at all times during the term of this Agreement. Such unique tracking ID shall be deemed Confidential Information pursuant to
Section 4 hereof. 
 2.3. Pre-Qualification Process. In the event that Advertiser
and Company mutually determine that the Promotion may include the display of Advertiser Products to Company Customers via Company’s pre-qualification platform, this Section 2.3 shall apply. 

 

	 	(a)	 Pre-Qualification Process. In addition to displaying
product offers as authorized under the Agreement, Company may display product offers to Company Customers through its pre-qualification platform in accordance with this Section 2.3. Company may offer Company
Customers the opportunity to submit certain personal information (“Customer Data”) to Advertiser on Company Customers’ behalf (the “Pre-Qualification
Request”) so that Advertiser may determine through the Advertiser Pre-Qualification API (“Advertiser API”) if such customers are
pre-qualified for one or more Advertiser Products (“Stage 1”). In response to Pre-Qualification Requests through the Advertiser API, Advertiser
will notify Company of the offers Advertiser determines are available to the Company Customer for pre-qualification in accordance with the Advertiser’s or Upstart Partner’s, as applicable,
then-current pre-qualification evaluation criteria, consistently applied (the “Pre-Qualified Offers”), and Company will use its reasonable best
efforts to display such Pre-Qualified Offers to the Company Customer (“Stage 2”). Following Stage 2, the Company Customer will be presented the opportunity to choose to apply for any Pre-Qualified Offer with Advertiser or Upstart Partner. 

  
 3 

	 	(b)	 Pre-Qualified Offers. For the avoidance of doubt, the
content of the Pre-Qualified Offers shall be considered “Promotional Materials” under Sec. 1.18 of the Agreement. Any changes to Promotional Materials shall be made according to the process document
attached hereto as Exhibit C, with which both parties agree to use commercially reasonable efforts to comply. 

  

	 	(c)	 Customer Data. The parties agree that Customer Data submitted at Stage 1 shall remain the sole
property of Company, and shall be deemed Company’s Confidential Information under the terms of the Agreement unless and until the Company Customer submits an Application through the Advertiser Website, following Stage 2, and until then,
Advertiser shall not disclose, share, rent, sell, or transfer to any third party such Customer Data, and Advertiser shall not use such Customer Data for any purpose other than processing the Pre-Qualification
Request as described herein. Advertiser shall not assume any ownership of the Customer Data unless and until the Company Customer submits an Application through the Advertiser Website following Stage 2. Advertiser understands that the Customer Data
is verified solely by the Company Customer and provided to Advertiser on the Company Customer’s behalf, and Company makes no warranties as to the accuracy of such Customer Data and expressly disclaims any liability with respect thereto. In no
event shall Company be liable for inaccuracies or omissions in the Customer Data. For the avoidance of doubt, a rate request on the Advertiser site is an “Application” for the purposes of this Section 2.3. 

 

	 	(d)	 Advertiser API. Subject to the terms and conditions of this Agreement, Advertiser grants Company
a nonexclusive, non-transferable, non-sublicensable, royalty-free, revocable license to the Advertiser API during the Term solely to facilitate access to Pre-Qualified Offers. Both parties acknowledge that Advertiser does not provide any warranties or indemnification for the API or any applicable documentation (“Licensed Material”). Company
may not: (a) modify, translate, reverse engineer, decompile, or disassemble the Licensed Material (b) sell, assign, license, disclose, or otherwise transfer or make available the Licensed Material or any copies of the Licensed Material in
any form to any third parties; or (c) remove or alter any proprietary notices or marks on the Licensed Material. 

  

	 	(e)	 Unavailability. In the event Advertiser’s API or other mutually agreeable processing
mechanism for Pre-Qualification Requests is Unavailable (as defined below) for at least fifteen (15) minutes but less than one hour, Advertiser shall notify Company as soon as is reasonably practicable,
but in any event, within twenty-four (24) hours of the interruption. In the event Advertiser is Unavailable for more than one (1) hour, Advertiser shall notify Company immediately. For purposes of this subsection, notification of
Company’s designated primary contact person by e-mail or phone shall be deemed sufficient, so long as receipt is acknowledged. For the purposes of this paragraph (e), “Unavailable”
means that Advertiser’s processes that are required to accept and/or return a response to a Pre- Qualification Request are experiencing severe performance degradation, inaccessibility, or inoperability. 

  
 4 

 2.4. Lightbox Offers. In the event that Advertiser and Company mutually
determine that the Promotion may include the display of Advertiser Products to Company Customers via Company’s integrated targeting process by which the Company will process certain Customer Data through Advertiser’s Model(s) (as defined
below) hosted in Company’s environment, before delivering the result, together with certain Customer Data, to Advertiser, such process being referred to herein as “Lightbox,” this Section 2.4 shall apply. 

 

	 	(a)	 License and Delivery of Model(s) and Updates. 

 

	 	i.	 Prior to launch of the Promotion for any Advertiser Product via Lightbox, Advertiser shall securely deliver to
Company, or develop in Company’s model-building environment (“MBE”), software code that will apply Advertiser’s targeting criteria, Model(s) and other requirements for a particular Advertiser Product to a Company
Customer (collectively, the “Model(s)”) in an electronic format to be mutually agreed upon by the Parties. 

  

	 	ii.	 So long as Advertiser’s Lightbox Promotion remains active, Advertiser shall securely deliver to Company or
revise in Company’s environment all updates to the Model(s) promptly upon the availability thereof. 

  

	 	iii.	 Advertiser shall further provide to the Company its target rates and such other information as may be required
to accurately display the Promotion and is reasonably requested by Company. 

  

	 	iv.	 Subject to the terms of this Agreement, Advertiser hereby grants to Company a limited, revocable, nonexclusive,
non-transferable, non- sublicenseable, royalty-free right and license to use and store the Model(s) solely for the purpose of performing its obligations under this
Agreement. Company may not reverse engineer or provide the Model, in whole or in part, to any third party. For purposes of clarification, Advertiser retains all right, title and interest in and to the Model(s) including any reproductions and/or
derivative works based upon the Model(s), excluding the Lightbox Result, defined below (collectively, “Advertiser Intellectual Property”) and nothing in this Agreement shall (or shall be construed to) restrict, impair,
transfer, license, convey or otherwise alter or deprive Advertiser of any of its rights or proprietary interests in any intellectual property, content, data, information or any other materials or rights, tangible or intangible. Such Advertiser
Intellectual Property will be considered Advertiser’s Confidential Information under the terms of this Agreement. 

  

	 	v.	 Advertiser shall not permit any personnel of Upstart Partner to gain access to the MBE unless such access is
authorized by Company in writing, and Advertiser’s breach of the foregoing constitutes a material breach of this Agreement. 

  

	 	(b)	 Lightbox Process. The Parties agree that the Company may display the Promotion to Company
Customers via the Lightbox process. 

  

	 	i.	 During the Lightbox process, Company will submit Customer Data for processing through the Model(s) hosted on
Company’s servers or on cloud servers controlled by Company, which will return the result to Company (the “Lightbox Result”). 

  
 5 

	 	ii.	 During the Term, upon Advertiser’s request, but not more than once per calendar month, Company shall use
commercially reasonable efforts to provide an audit log in connection with access to Advertiser’s Model (the “Audit Log”). The Audit Log shall include the user name, time of access, and object that was accessed.

  

	 	iii.	 Company may then present a Company Customer with an invitation to apply for Advertiser Products, labelled with
a badge indicating the Lightbox Result by designating the offer as “pre-approved,” “excellent,” or some other designation to be mutually agreed upon by the Parties (“Lightbox
Offer”). 

  

	 	iv.	 If the Company Customer elects to pursue a Lightbox Offer, Company may then forward such Company
Customer’s Customer Data, coupled with such Company Customer’s Lightbox Result, to Advertiser on Company Customers’ behalf, in the form of a pre-filled application form or otherwise
(“Lightbox Stage 1”). 

  

	 	v.	 If and when the Company Customer completes the Application and submits it through the Advertiser Website,
Advertiser will then process the Company Customer’s Application and present a final result to the Company Customer as to whether or not the Company Customer is finally approved for the Lightbox Offer via Advertiser Website (“Lightbox
Stage 2”). 

  

	 	vi.	 In order to present the foregoing final approval or decline result, Advertiser shall independently pull the
Company Customer’s consumer report from a third party credit bureau, and will not consider the Lightbox Result to approve or deny credit to such Company Customer. 

 

	 	(c)	 Customer Data. 

 

	 	i.	 The Parties agree that the Lightbox Result and the Customer Data submitted at Lightbox Stage 1 shall remain the
sole property of Company and shall be deemed Company’s Confidential Information under the terms of the Agreement. Unless and until the Company Customer submits an Application through the Advertiser Website at Lightbox Stage 2, Advertiser shall
not disclose, share, rent, sell, or transfer to any third party such Lightbox Result and Customer Data, and Advertiser shall not use such Lightbox Result and Customer Data for any purpose other than processing the Lightbox request as described
herein. Advertiser shall not assume any ownership of the Lightbox Result and the Customer Data unless and until the Company Customer submits an Application through the Advertiser Website at Lightbox Stage 2. 

 

	 	ii.	 For the avoidance of doubt, Customer Data submitted to Advertiser for any purpose prior to the Company Customer
submitting an Application through the Advertiser Website shall remain the sole and exclusive property of Company, and Advertiser shall not disclose, share, rent, sell, or transfer to any third party such Customer Data. 

 

	 	iii.	 Advertiser understands that the Customer Data is verified solely by the Company Customer and provided to
Advertiser on the Company 

  
 6 

	 	
Customer’s behalf, and Company makes no warranties as to the accuracy of such Customer Data and expressly disclaims any liability with respect thereto. In no event shall Company be liable
for inaccuracies or omissions in the Lightbox Result and the Customer Data, except to the extent such inaccuracies or omissions were introduced by Company’s actions or omissions. 

 

	 	(d)	 Campaign Data. During its performance under this Agreement, Company may disclose to Advertiser
(i) certain aggregated and/or real-time reporting data on Model(s) performance and campaign delivery and/or (ii) data provided via Company’s secure model-building environment (collectively, “Campaign Data”).
Campaign Data shall include any information derived from, or reverse-engineered from, aggregated reporting data on Model(s) performance and campaign delivery disclosed to Advertiser. Advertiser hereby agrees, with respect to Campaign Data:

  

	 	i.	 Advertiser shall use the Campaign Data solely to assess the performance and effectiveness of the Model(s) and
not for any other purpose, including but not limited to retargeting or redirecting with tags; provided however, Advertiser may use the Campaign Data to improve the performance and effectiveness of the Model(s). 

 

	 	ii.	 Advertiser shall not commingle Campaign Data with other data not provided by Company for any purpose, except
for improving the performance and effectiveness of the Model(s). 

  

	 	iii.	 Advertiser shall not use Campaign Data to build, append to, edit, influence, or augment user profiles,
including profiles associated with any mobile device identifier or other unique identifier that identifies any particular user, browser, computer, or device. 

  

	 	iv.	 Advertiser shall treat the Campaign Data as Company’s Confidential Information. 

 

	 	v.	 Advertiser shall securely destroy Campaign Data as each portion thereof is no longer needed to validate or
assess the Model(s) but in no event later than six (6) months after delivery. 

  

	 	vi.	 Advertiser may access and/or store the Campaign Data solely within the territorial boundaries of the United
States, Canada, and the United States territories of Puerto Rico, Guam, and the Virgin Islands. 

 3. ADDITIONAL CONSIDERATIONS.

 3.1. Advertiser Pages. Advertiser will be solely responsible for all aspects of Advertiser- hosted web pages showing the
Advertiser Products, including without limitation, customer service functions and all other matters related to the Advertiser Products. In the event the Advertiser Website is Unavailable (as defined below) for at least fifteen (15) minutes but
less than one (1) hour, continuously, Advertiser shall notify Company as soon as is reasonably practicable, but in any event, within twenty-four (24) hours of the interruption. In the event the Advertiser Website becomes Unavailable for more
than one (1) hour continuously, Advertiser shall notify Company as soon as is reasonably practicable, but in any event, within no more than two (2) hours of the interruption. For purposes of this section, notification by e-mail or phone shall
be deemed sufficient. “Unavailable” means severe performance degradation, inaccessability, or inoperability of any portion of the Advertiser Website. 

  
 7 

 3.2. Compliance with Applicable Law. Each party agrees that it will at all
times comply with all applicable Law (or the applicable portions thereof), including, without limitation, the Gramm-Leach- Bliley Act, the Dodd-Frank Act, the Fair Credit Reporting Act, the Equal Credit Opportunity Act, the Truth in Lending Act,
Regulation Z, the CAN-SPAM Act, all applicable state Laws, and solely in the case of Advertiser, the Fair Debt Collection Practices Act and Regulation E. Advertiser will contract with Upstart Partners to
ensure that Upstart Partners comply at all times with applicable Law. Company agrees that it shall be responsible for presenting Company Customers with all legally required customer disclosures, consents, and all other legal and financial compliance
documents or notices required of Company by Law. Advertiser agrees that any contact with a Company Customer following such Company Customer’s initial referral to the Advertiser Website shall comply in all respects with all applicable Law
relating to debt collection, consumer privacy, and notice of data breach. 
 4. Customer Privacy and Confidentiality of Information. Each
party will at all times comply with applicable online privacy policies and procedures as required by Law. Each party will post a privacy policy or a link thereto on the home page of its site and on each page of its site where it collects personally
identifiable information from its users. Each party shall be solely responsible for any and all third party Claims arising out of its online privacy policy or the failure to comply with its online privacy policy, except to the extent any third party
Claim against a Party relates to the other party’s breach of it representations, warranty or covenant hereunder. 
 4.1.
Confidential Information. Each party and their respective affiliates, directors, officers, employees, authorized representatives, agents and advisors (including without limitation, attorneys, accountants, consultants, bankers and financial
advisors) shall keep confidential all information concerning the other party’s proprietary business procedures, products, services, operations, marketing materials, fees, policies or plans and all Nonpublic Personal Information of the other
party that is received or obtained during the negotiation or performance of the Agreement, whether such information is oral or written, and whether or not labeled as confidential by such party (collectively “Confidential
Information”). “Nonpublic Personal Information” shall include all personally identifiable financial information and any list, description or other grouping of consumers, and publicly available information
pertaining to them, that is derived using any personally identifiable financial information that is not publicly available, and shall further include all “nonpublic personal information” as defined by federal regulations implementing the
Gramm-Leach-Bliley Act, as amended from time to time. “Personally identifiable financial information” means any information a consumer provides to a party in order to obtain a financial product or service, any information a
party otherwise obtains about a consumer in connection with providing a financial product or service to that consumer, and any information about a consumer resulting from any transaction involving a financial product or service between a party and a
consumer. Personally identifiable information may include, without limitation, a consumer’s first and last name, physical address, zip code, email address, phone number, social security number, birth date, and any other information that itself
identifies or when tied to the above information, may identify a consumer. For the avoidance of doubt, the foregoing definition of Confidential Information shall include the Model(s). 

4.2. Use of Confidential Information; Data Security Matters. For as long as Confidential Information is in possession of a
party, such party shall take reasonable steps, at least substantially equivalent to the steps it takes to protect its own proprietary information, to prevent the use, duplication or disclosure of Confidential Information, other than by or to its
employees or agents who are directly involved in negotiating or performing this Agreement and who are apprised of their obligations under this Section and directed by the receiving party to treat such information confidentially, or except as
required by Law or by a supervising regulatory agency of a receiving party; provided, that receiving party shall (i) to the 

  
 8 

 
extent permitted by Law, promptly notify disclosing party of such required disclosure, (ii) reasonably cooperate with disclosing party to seek confidential treatment of any information that
it is required to disclose and (iii) only disclose such portion of the Confidential Information that it is legally required, in the opinion of counsel, to disclose. Any Confidential Information disclosed pursuant to the foregoing sentence shall
continue to be deemed Confidential Information hereunder. Neither party shall disclose, share, rent, sell or transfer to any third party any Confidential Information. The parties shall use Confidential Information only as necessary to perform this
Agreement. Advertiser will not use the Nonpublic Personal Information for any purpose other than as expressly set forth in this Agreement. Each party shall treat any Nonpublic Personal Information that it receives from the other party in a manner
that is fully compliant with the disclosing party’s obligations under Title V of the Gramm-Leach-Bliley Act and any implementing regulations thereunder, including but not limited to applicable limits on the use, disclosure, storage,
safeguarding and destruction of Nonpublic Personal Information. In addition, any party receiving Nonpublic Personal Information shall maintain commercially reasonable data security and disaster recovery protections that at the least are consistent
with industry standards for the consumer lending industry. Company represents and warrants that the Click ID is not Nonpublic Personal Information. Company agrees to maintain physical and logical security measures to prevent unauthorized tying of
its Click IDs to Nonpublic Personal Information. Each party will, and will require its agents and representatives to, implement and maintain an appropriate security program, firewall and other measures that conform to industry best practices for the
Confidential Information (including Nonpublic Personal Information) to (a) ensure the security and confidentiality of the Confidential Information, (b) protect against any threats or hazards to the security or integrity of Confidential
Information, and (c) prevent unauthorized access to or use of the Confidential Information. Each party will promptly notify the other in writing if it becomes aware of (i) any disclosure , dissemination, or misuse of the other’s
Confidential Information (including Nonpublic Personal Information) by the notifying party, its representatives or agents in breach of this Agreement or (ii) any unauthorized access to or use of any Confidential Information (including Nonpublic
Personal Information) received pursuant to this Agreement. From time to time, upon at least thirty (30) days’ prior written notification and no more than once annually, each party shall have the right to audit (or have its independent
auditor audit), at the auditing party’s expense, the other party’s (and the other party’s representatives’ and agents’) compliance with the foregoing security requirements. Each party shall, and shall cause its
representatives and agents to, reasonably cooperate with the auditing party and any auditing party requests in conjunction with all such audits including, but not limited to requests to correct any deficiencies discovered during such audits within a
period of time mutually agreed upon, until such deficiencies are corrected. Each party’s obligation to comply with the provisions of this Section 4.2, shall, in no event, be deemed contingent upon, or otherwise affected by, the other
party’s audit rights. In the event of any data breach, the parties shall comply with all applicable requirements under state and federal law with respect to notification of Company Customers. Each party shall treat any information related to a
data breach affecting the other party’s customers as Confidential Information, including but not limited to the fact that such a breach has occurred. 

4.3. Return of Information. Upon the termination or expiration of this Agreement, or upon request, the receiving party shall
promptly return all Confidential Information received in connection with the transaction, or shall promptly destroy any materials containing such information (and any copies, extracts, and summaries thereof) and shall provide the disclosing party
with written confirmation of such return or destruction upon request. Notwithstanding the foregoing, the receiving party shall not be required to destroy any automated archival backup of such Confidential Information to the extent (i) such
destruction is not reasonably practicable or (ii) as required by applicable Law. Each party shall be entitled to all remedies available at law or equity, including injunctive relief, to enforce the provisions of this Section 4. The
provisions of this Section 4.3 shall survive termination of this Agreement. For the avoidance of doubt, the destruction of the Model(s) is reasonably practicable and shall be promptly destroyed unless such destruction would violate applicable
Law. 

  
 9 

 4.4. Upstart Partners. Advertiser shall ensure that any receipt or use by an
Upstart Partner of any Confidential Information or Nonpublic Personal Information provided by Company pursuant to this Agreement comports with the restrictions and obligations in this Section 4. To the extent that Company Nonpublic Personal
Information later becomes the Nonpublic Personal Information of an Upstart Partner, Advertiser will contract with Upstart Partners to ensure compliance with applicable Law. 

5. REPORTING. Advertiser will deliver to Company a daily
month-to-date report detailing certain user-level data regarding the performance of the Promotion, at minimum to include fields specified in Exhibit B. The form
of such reports shall be mutually agreed upon by the parties in advance. In no event will any of the reporting contain any Nonpublic Personal Information of a customer of Advertiser or Upstart Partner. To the extent either party reasonably
determines that the sharing of any such information does not comply with applicable Law, then the parties agree to negotiate in good faith to share such other information that is legally permitted to achieve the anticipated practical benefits
intended by the information sharing. 
 6. CONTENT AND TRADEMARK LICENSES. 

6.1. Trademark License by Advertiser. Subject to the terms and conditions of this Agreement, Advertiser hereby grants Company a
royalty-free, non-exclusive, non-transferable, non- sublicenseable license during the Term to use Advertiser’s Marks solely
to perform activities and obligations contemplated under this Agreement. Advertiser grants Company no rights in or to any of its trademarks, service marks or trade names, other than the rights expressly granted in the foregoing sentences. Company
expressly acknowledges Advertiser’s sole and exclusive ownership of its trademarks and agrees not to take any action inconsistent with such ownership. In the event the parties decide that the Promotion shall include the Marks of an Upstart
Partner, Advertiser represents and warrants that it has a contractual right to use such Upstart Partner’s Marks to perform activities and obligations contemplated under this Agreement, including granting Company the rights to use such Upstart
Partner’s Marks. Company agrees further to take such additional actions, at Advertiser’s expense, as Advertiser deems reasonably necessary to establish and/or preserve Advertiser’s exclusive rights in and to its Marks. Company agrees
not to form any combination marks with Advertiser’s Marks, or adopt, use or attempt to register any trademarks, service marks or trade names that are confusingly similar to Advertiser’s trademarks. All uses by Company of Advertiser’s
Marks shall inure to the benefit of, and be on behalf of, Advertiser. Upon termination of this Agreement, Company shall immediately cease to use any Promotional Materials, information, names, or Advertiser’s Marks and shall remove any of
Advertiser’s Marks from items and locations under its control. 
 6.2. Trademark License by Company. Subject to the terms
and conditions of this Agreement, Company hereby grants Advertiser a royalty-free, non-exclusive, non-transferable,
non-sublicenseable license during the Term to use Company’s Marks solely to perform activities and obligations contemplated under this Agreement. Company grants Advertiser no rights in or to any of its
trademarks, service marks or trade names, other than the rights expressly granted in the foregoing sentences. Advertiser expressly acknowledges Company’s sole and exclusive ownership of its trademarks and agrees not to take any action
inconsistent with such ownership. Advertiser agrees further to take such additional actions, at Company’s expense, as Company deems reasonably necessary to establish and/or preserve Company’s exclusive rights in and to its Marks.
Advertiser agrees not to form any combination marks with Company’s Marks, or adopt, use or attempt to register any trademarks, service marks or trade names that are confusingly similar to Company’s trademarks. All uses by Advertiser of
Company’s Marks shall inure to the benefit of, and be on behalf of, Company. Upon termination of this Agreement, Advertiser shall immediately cease to use any Company Marks and shall remove any Company Marks from items and locations under its
control. 

  
 10 

 6.3. Reservation of Rights. Each party shall continue to own all rights, title
and interest in and to its patents, know-how, trade secrets, software, trademarks and all other intellectual property, subject only to the license rights expressly granted herein. 

7. TERM AND RENEWAL. 
 The Agreement will become
effective as of the Effective Date and remain effective unless and until either party terminates this Agreement at any time, with or without cause, by providing no less than thirty (30) days prior written notice (the
“Term”). Either party may terminate this Agreement immediately and without notice if the other party has materially breached any provision of this Agreement. Without limiting the foregoing, a breach under
Section 3.2 or Section 9 shall be deemed a material breach for purposes of this Section 7. The termination of this Agreement shall not terminate those obligations that are expressly indicated to survive termination (including, without
limitation, Section 8.1). Upon the Effective Date, the Existing Agreement shall terminate and be superseded by the terms of this Agreement. 
 8.
FEES. 
 8.1. Fee. Advertiser will pay Company a marketing fee as set forth in Exhibit A (the
“Marketing Fee”). The obligations to pay the Marketing Fee under this Section 8.1 shall survive any expiration or termination of this Agreement. 

8.2. Billing and Payment. Based on reports provided by Advertiser, Company will render monthly invoices detailing the fees
payable to Company under this Agreement, and Advertiser shall make payment of the fees shown to be due thereon, within thirty (30) days following the end of month in which such fees were earned. Notwithstanding the foregoing, Advertiser shall
not be required to pay any amount reasonably in dispute, provided that Advertiser promptly notifies Company in writing of the amount in dispute and the reasonable basis therefore. The parties will investigate and resolve any dispute in a timely and
reasonable manner. 
 8.3. Records; Audit. Each of Company and Advertiser will maintain accurate and complete records of all
information necessary to determine compliance with this Agreement and the covenants and obligations hereunder. Each of Company and Advertiser shall maintain such records during the term of this Agreement and for a period of three (3) years
following expiration or termination of this Agreement or longer if required by Law (the “Records Period”). During the Records Period, each of Company and Advertiser shall have the right, upon ten (10) business days prior
written notice, no more than once in any 12 month period unless the auditing party reasonably suspects the other party is in breach of this Agreement, at such party’s expense, to engage a third party auditor (provided such auditor has executed
a customary confidentiality agreement) or to designate certain of its employees to review such records of the other party during normal business hours, to determine compliance with its obligations under this Agreement (each, an
“Audit”). Each party’s personnel will reasonably cooperate with the other party in connection with such Audits, including but not limited to requests to correct any deficiencies discovered during such Audit. If any Audit
conducted by Company identifies an underpayment in excess of ten percent (10%) of the aggregate payments payable to Company hereunder, Advertiser shall be liable to Company for the full amount of such underpayment and shall reimburse Company for the
total costs of such Audit, which amounts shall be paid to Company within thirty (30) days of presentation of Company’s Audit findings to 

  
 11 

 
Advertiser. If any such Audit identifies any fraud, misrepresentation or non-performance, the party committing such fraud, misrepresentation, or non-performance shall reimburse the other party for the total costs of such Audit. For the avoidance of doubt, the foregoing sentence shall not limit a party’s available remedies in connection with any such
fraud, misrepresentation or non-performance by the other party. 
 8.4. Additional
Records. Advertiser shall maintain the Loan Records related to Funded Loans under this Agreement for at least the period of time required by applicable Law. Where Company is required to provide Loan Records for Funded Loans to a Government
Authority, Advertiser agrees, upon reasonable notice from Company: (i) to cooperate, with Company in providing such Loan Records to the Government Authority, and (ii) to the extent Advertiser does not have the Loan Records in connection
with an Upstart Partner with whom such Funded Loan relates, Advertiser shall use commercially reasonable efforts to require such Upstart Partner to cooperate with Company in providing such Loan Records to the Governmental Authority. Company shall
maintain Customer Records related to Company Customers under this Agreement for at least the period of time required by Law. Where Advertiser is required to provide Customer Records to a Government Authority, Company agrees, upon reasonable notice
from Advertiser, to cooperate with Advertiser in providing such Customer Records to the Government Authority. “Customer Records” means the records kept in the normal course of business by Company, in accordance with
applicable Law, related to each Company Customer referred to the Advertiser Website, including without limitation the disclosures Company displayed to a Company Customer on the Company Website. 

9. REPRESENTATIONS AND WARRANTIES. 

9.1. Representations by Each Party. Each party represents and warrants as follows: 

 

	 	(a)	 It has full power and authority to enter into this Agreement, to perform all of its obligations
hereunder, and its entry into this Agreement does not violate any other agreement, understanding or arrangement by which it is bound. 

  

	 	(b)	 Its performance of its obligations under this Agreement shall at all times comply with all applicable
Law that apply to the performance of its obligations under the Agreement. 

  

	 	(c)	 Its websites and services, including its collection and use of Nonpublic Personal Information, will
comply with all applicable Law. 

  

	 	(d)	 It has acquired and shall maintain throughout the Term all rights and licenses necessary in connection
with the performance of its obligations hereunder. 

  

	 	(e)	 It is now, and will be at all times throughout the Term, in compliance with all Laws relating to the
operation of its business. 

 9.2. Representations by Advertiser. Advertiser represents that as of the date
hereof, and at all times throughout the Term, with respect to itself and Upstart Partners, to the extent that Advertiser has such knowledge, and except as previously disclosed to Company, as it relates to the marketing efforts and lending practices
tied to an Advertiser Product offered under this Agreement: (i) it has not, within the past twelve (12) months, received any material inquiry, investigation, civil investigative demand, subpoena or other similar request from any
Governmental Authority and (ii) it is not (x) the subject of any material 

  
 12 

 
enforcement action or complaint by any Governmental Authority or (y) named in any civil or criminal proceedings by any Governmental Authority or any Governmental Order. In the event that
Advertiser is no longer in compliance with any part of this Section 9.2 at any time throughout the Term, Advertiser shall immediately notify the Company in writing of such non-compliance. Any such non-compliance shall be considered a material breach hereunder. 
 9.3. Representations by
Company. Company represents that as of the date hereof, and at all times throughout the Term, and except as previously disclosed to Advertiser: (i) it has not, within the past twelve (12) months, received any material inquiry,
investigation, civil investigative demand, subpoena or other similar request from any Governmental Authority specifically related to a Promotion, and (ii) it is not (x) the subject of any material enforcement action or complaint by any
Governmental Authority specifically related to a Promotion or (y) named in any civil or criminal proceedings by any Governmental Authority or any Governmental Order specifically related to a Promotion. In the event that Company is no longer in
compliance with any part of this Section 9.3 at any time throughout the Term, Company shall immediately notify the Advertiser in writing of such non-compliance. Any such
non-compliance shall be considered a material breach hereunder. 
 10. DISCLAIMER. EXCEPT AS OTHERWISE
EXPRESSLY PROVIDED IN THIS AGREEMENT, THE ADVERTISER WEBSITE AND THE COMPANY WEBSITE ARE EACH PROVIDED FOR USE “AS IS” WITHOUT WARRANTY OF ANY KIND. TO THE MAXIMUM EXTENT NOT PROHIBITED BY LAW, EACH PARTY DISCLAIMS ALL WARRANTIES OF ANY
KIND, WHETHER STATUTORY, EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. 
  

	11.	 INDEMNIFICATION. 

11.1. Indemnification by Advertiser. Advertiser shall indemnify, defend and hold Company harmless from and against any third
party Claim attributable to or arising from a (i) violation of any state or Federal law, rule or regulation, or any other illegal or actionable act or omission by or on behalf of Advertiser, an Upstart Partner, or their affiliates in connection
with a Promotion offered under this Agreement; (ii) breach of any material covenant, obligation, representation or warranty in this Agreement by or on behalf of Advertiser; and (iii) infringement of any intellectual property rights,
contracts rights or tort rights (including the right of publicity or right of privacy) of any third party by Advertiser or an Upstart Partner in connection with a Promotion under this Agreement. Advertiser agrees to further indemnify, defend and
hold Company harmless from and against any Claim made by Upstart Partner related to Company’s use of Upstart Partner’s Marks as permitted by this Agreement, provided such use complied with Advertiser’s instructions. Advertiser
agrees to promptly pay and fully satisfy any and all Losses, judgments or expenses, including, without limitation, reasonable attorneys’ fees, actually incurred or sustained, as a result of any Claims of the types described in this
Section 11.1. 
 11.2. Indemnification by Company. Company shall indemnify, defend and hold Advertiser harmless from and
against any third party Claim that is attributable to or arises from (i) Company’s violation of any state or Federal law, rule or regulation, or any other illegal or actionable act or omission by or on behalf of Company in connection with
a Promotion offered under this Agreement; (ii) Company’s breach of any material obligation, representation or warranty in this Agreement; and (iii) Company’s infringement of any intellectual property rights, contracts rights or
tort rights (including the right of publicity or right of privacy) of any third party in connection with a Promotion under this Agreement. Company further agrees to indemnify, defend and hold Advertiser harmless from and against any Claim made by an
Upstart Partner 

  
 13 

 
related to Company’s use of Upstart Partner’s Marks other than as permitted under this Agreement. Company agrees to promptly pay and fully satisfy any and all Losses, judgments or
expenses, including, without limitation, reasonable attorneys’ fees, actually incurred or sustained, as a result of any Claims of the types described in this Section 11.2. 

11.3. Procedures. The Indemnified Party shall: (i) promptly notify the Indemnifying Party in writing of any Losses for
which the Indemnified Party seeks indemnification; (ii) provide reasonable cooperation to the Indemnifying Party and its legal representatives in the investigation of any matter which is the subject of indemnification; and (iii) permit the
Indemnifying Party to have full control over the defense and settlement of any matter subject to indemnification; provided, however, that the Indemnifying Party shall not enter into any settlement that affects the Indemnified
Party’s rights or interests without the Indemnified Party’s prior written consent, which shall not be unreasonably withheld or delayed. The Indemnified Party shall have the right to participate in the defense at its own expense. 

12. LIMITATION ON LIABILITY. EXCEPT IN THE EVENT OF A BREACH OF SECTIONS 3.2 (COMPLIANCE WITH APPLICABLE LAW), 4 (CUSTOMER PRIVACY AND
CONFIDENTIALITY OF INFORMATION), OR 9 (REPRESENTATIONS, WARRANTIES AND COVENANTS), AND A PARTY’S INDEMNIFICATION OBLIGATIONS HEREUNDER, UNDER NO CIRCUMSTANCES SHALL EITHER PARTY BE LIABLE TO THE OTHER PARTY FOR INDIRECT, INCIDENTAL,
CONSEQUENTIAL, SPECIAL, OR EXEMPLARY DAMAGES (EVEN IF A PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES) SUCH AS, BUT NOT LIMITED TO, LOSS OF REVENUE OR ANTICIPATED PROFITS. 

13. MISCELLANEOUS. 
 13.1.
Survival. The provisions of Sections 3.2 (Compliance with Law), Sections 4 (Customer Privacy and Confidentiality of Information), 8 (Fees), 10 (Disclaimer), 11 (Indemnification), 12 (Limitation on Liability) and 13 (Miscellaneous), in each
case including any related exhibits, shall survive the expiration or earlier termination of this Agreement. 
 13.2. Public
Statements. Neither party will make any announcements or statements to the public concerning the relationship between them or the transactions described herein without the prior written consent of the other party. Unless otherwise provided
herein, neither party will use the other party’s name, trademark or logos without the prior written consent of the other party. 

13.3. Governing Law. The parties agree that this Agreement shall be governed by and construed in accordance with the laws of the
State of California without regard to any conflict of law provisions. Should a dispute arise under or in relation to this Agreement, jurisdiction over and venue of any suit arising out of this Agreement shall be exclusively in the state and federal
courts of San Francisco, California. 
 13.4. Modification. This Agreement may not be modified except by a writing signed by
an authorized signatory of each party. No waiver, modification or amendment of this Agreement shall be effective unless made in a writing signed by the party to be bound. 

13.5. Independent Contractors. The parties are acting as independent contractors to each other under this Agreement, and nothing
contained in this Agreement shall create or suggest any affiliation, association, partnership, agency or joint venture between the parties. Neither party shall represent itself or act as the associate, partner, agent or joint venturer of the other
party in any way whatsoever. Neither party shall have the authority to bind or commit the other party for any purpose and will not hold themselves out as having the authority to do so. 

  
 14 

 13.6. Assignment. Neither party shall assign any right or any obligation under
this Agreement without the prior written consent of the other party, and any such attempted assignment shall be null and void. Subject to the foregoing, this Agreement shall be binding upon and shall inure to the benefit of the parties hereto and
their respective successors and permitted assigns. 
 13.7. Waiver. No waiver by either party or any breach or default
hereunder shall be deemed to be a waiver of any preceding or subsequent breach or default. 
 13.8. Counterparts. This
Agreement may be executed in any number of counterparts, each of which shall be deemed an original but all of which together shall constitute a single instrument. 

13.9. Severability. If any provision of this Agreement shall be found by a court of competent jurisdiction to be invalid or
unenforceable, such finding shall not affect the validity or enforceability of this Agreement as a whole or of any other provision of this Agreement. 

13.10. Notices. All notices required or permitted under this Agreement must be in writing and shall be deemed effectively given:
(i) upon delivery, when delivered personally against receipt therefor; (ii) upon delivery when sent by certified mail, postage prepaid and return receipt requested; (iii) upon transmission, when transmitted by email, facsimile, or
other electronic transmission method, provided that receipt is confirmed; or (iv) upon delivery, when sent by Federal Express or other nationally recognized overnight delivery service. Any such notice shall be sent to the party to whom notice
is intended to be given at its address as shown below: 
 Advertiser:    Upstart Network, Inc. 

2950 S. Delaware St., #300 
 San
Mateo, CA 94403 
 ATTN: Legal Department 

With a copy by email to 

Company:     Credit Karma Offers, Inc. 

760 Market St., 10th Floor 

San Francisco, CA 94102 
 Email:
*** 
 ATTN: Legal Department 

13.11. Force Majeure. Neither party shall be liable to the other for any default or delay in performance of any of its
obligations under this Agreement to the extent that such default or delay is caused, directly or indirectly, by an event beyond such party’s reasonable control, including without limitation, fire, flood, earthquake or other acts of God; wars,
rebellions or revolution; acts of terrorism; riots or civil disorders; accidents or unavoidable casualties; interruptions in transportation, communications or power facilities; or changes in law, treaties, rulings, regulations, decisions or
requirements of any Governmental Authority. 

  
 15 

 IN WITNESS WHEREOF, each party has caused this Agreement to be signed by its duly
authorized officer as of the Effective Date. 
  

									
	ADVERTISER 	 		 	CREDIT KARMA OFFERS, INC.
					
	By:	 	 /s/ Shavaugn Lewis
	 		 	By:	 	 /s/ Anand Devendran

					
	Print:	 	 Shavaugn Lewis
	 		 	Print:	 	 Anand Devendran

					
	Title:	 	 Senior Legal Counsel
	 		 	Title:	 	 General Manager, Personal Loans

  
 16 

 EXHIBIT A 

MARKETING FEE 
 1. Definitions. For the
purposes of this Exhibit A, the terms in this section shall have the following definitions: 
  

	 	a.	 “Credit Score” means a Company Customer’s Transunion VantageScore as verified by
Company; 

  

	 	b.	 “Gross Issued Loan Amount” means the total amount of the Funded Loan, inclusive of
origination or other fees; 

  

	 	c.	 “Lightbox” shall have the meaning set forth in the Agreement. 

2. Marketing Fees. Advertiser shall pay Company for each Funded Loan according to the following schedule (each a “Marketing
Fee”): 
  

	 	a.	 For Funded Loans of less than or equal to $35,000.00, the Marketing Fee per Funded Loan shall be the greater of
(i) $100.00, or (ii) 2.95% of the Gross Issued Loan Amount. 

  

	 	b.	 For Funded Loans of more than $35,000.00, the Marketing Fee per Funded Loan shall be $1,032.50, plus 1.00% of
the Gross Issued Loan Amount above $35,000.00. 

 3. Discounts. The following discount schedule and additional terms shall apply to
the above Marketing Fees (collectively, the “Discounts”): 
  

	 	a.	 Platform Coverage Discount. Advertiser shall receive a 35% discount to the Marketing Fee for Funded
Loans to Company Customers with Credit Scores below 580. 

  

	 	b.	 Lightbox Discount. For Funded Loans originated via the Lightbox platform, Advertiser is eligible for the
following discounts: 

  

	 	i.	 For Lightbox offers labeled “Pre-approved”, Advertiser is
eligible for a 10% discount off the Marketing Fee. 

  

	 	ii.	 For Lightbox offers labeled “Pre-selected”, Advertiser is
eligible for a 5% discount off the Marketing Fee. 

  

	 	iii.	 For Lightbox offers labeled “Excellent”, Advertiser is not eligible for a Lightbox Discount.

 4. Calculation of Discounts. For Funded Loans where more than one Discount is applicable, the Discounts shall be applied
sequentially. In these cases, each additional Discount after the initial Discount shall be applied to the Marketing Fee adjusted for the previously applied Discounts. (For example, in the event of a Funded Loan obtained through a Lightbox offer
labeled “Pre-approved” by a Company Customer with a Credit Score below 580 in the amount of $12,000.00, the Marketing Fee before Discounts would be $354.00 total which is the product of $12,000.00 *
2.95%. The Marketing Fee after Discounts would be calculated as follows: $354.00 – ($354.00 * 35%) = $230.10 – ($230.10 * 10%) = $207.09). 
 5.
Additional Considerations. For Funded Loans that cannot be mapped to a Credit Score, Company will apply the Blended Fee Level, including Discounts, over the same month for the remaining Funded Loans where a Credit Score is available. The
“Blended Fee Level” is a percentage of the Gross Issued Loan Amount, calculated as the total Marketing Fee after Discounts for Funded Loans where a Credit Score is available divided by the total Gross Issued Loan Amount for
these Funded Loans (for clarity, if the total Marketing Fee after Discounts for the Funded Loans where a Credit Score is available is $12,500 and the total 

  
 17 

 
Gross Issued Loan Amount is $500,000 for these Funded Loans, the resulting percentage would apply: (total Marketing Fee after Discounts / total Gross Issued Loan Amount = $12,500.00 / $500,000.00
= 2.5%). If the total Gross Issued Loan Amount for the Funded Loans that cannot be mapped to a Credit Score is $100,000.00, the total Marketing Fees for those Funded Loans would be $2,500.00 (2.5%* $100,000.00)). 

6. Restrictions. In no event shall any Marketing Fee after Discounts per Funded Loan fall below $100.00. (For example, in the event of a Funded Loan
obtained through a Lightbox offer labeled “Pre- approved” to a Company Customer with a Credit Score below 580 for a loan amount of $3,000.00, the Marketing Fee before Discounts would be $100.00. No
Discounts would apply because the Marketing Fee is already at $100.00). No Marketing Fee shall be due for any Funded Loan for a resident of Massachusetts where (i) the amount of the Funded Loan is $6500.00 or less; and (ii) the Funded Loan
has an APR of 23.00% or more. For clarification, Advertiser must report these Funded Loans to Company as set forth herein, and a $0.00 Platform Fee shall be applied. 

7. Reporting. Advertiser will deliver to Company a daily, rolling historical report detailing certain user- level data regarding the performance of the
Advertiser Products for at least the past ninety (90) days, at a minimum to include the information set forth in the form set forth as Exhibit B; provided however, that Advertiser will not be required to include the
“offerType” data field in such report. Advertiser will use commercially reasonably efforts to provide the “offerType” data field for Company Customers with a Funded Loan within the past ninety (90) days’ to Company as
soon as commercially feasible. To the extent either party reasonably determines that the sharing of any such information does not comply with applicable law, then the parties agree to negotiate in good faith to share such other information that is
legally permitted to achieve the anticipated practical benefits intended by the information sharing. 
 8. Notice. All Marketing Fees and Discounts
are at Company’s sole discretion and may be changed at any time upon written notice to Advertiser, where electronic mail shall be sufficient written notice. Any change that would have resulted in a higher Blended Fee Level if active during the
most recent invoiced period (at the time of notification) shall require thirty (30) days written notice to Advertiser, where electronic mail shall be sufficient written notice. For the purposes of this Exhibit A, notice shall be deemed given
twenty-four (24) hours from the time any such electronic mail communication was sent. 

  
 18 

 EXHIBIT B 

FORM OF REPORTS 
  

					
	 	 	 
	Field	  	Format	  	Applicable Channel
	 	 	 
	CKtrackingID	  	STRING	  	ITA/PQ/LB
	 	 	 
	sourceEventId	  	STRING	  	ITA/PQ/LB
	 	 	 
	offerType	  	STRING: PQ | ITA | LB	  	ITA/PQ/LB
	 	 	 
	isApplication	  	BINARY: 0 or 1	  	ITA/PQ/LB
	 	 	 
	isApproval	  	BINARY: 0 or 1	  	ITA/PQ/LB
	 	 	 
	isOfferAccepted	  	BINARY: 0 or 1	  	ITA/PQ/LB
	 	 	 
	isFunded	  	BINARY: 0 or 1	  	ITA/PQ/LB
	 	 	 
	applicationDate	  	DATE: MM/DD/YYYY	  	ITA/PQ/LB
	 	 	 
	approvalDate	  	DATE: MM/DD/YYYY	  	ITA/PQ/LB
	 	 	 
	fundedDate	  	DATE: MM/DD/YYYY	  	ITA/PQ/LB
	 	 	 
	postingDate	  	DATE: MM/DD/YYYY	  	ITA/PQ/LB
	 	 	 
	amountApplied	  	NUMBER	  	ITA/PQ/LB
	 	 	 
	amountApproved	  	NUMBER	  	ITA/PQ/LB
	 	 	 
	 termApproved

•   To be included explicitly or derived implicitly from APRApproved below
	  	INTEGER: Months	  	ITA/PQ/LB
	 	 	 
	 APRApproved

•   apr_approved_3_year

•   apr_approved_5_year

•   apr_approved_7_year

•   APRs for any additional terms offered by Advertiser
	  	NUMBER: Decimal	  	ITA/PQ/LB

  
 19 

					
	 	 	 
	amountFunded	  	NUMBER	  	ITA/PQ/LB
	 	 	 
	termFunded	  	INTEGER: Months	  	ITA/PQ/LB
	 	 	 
	APRFunded	  	NUMBER: Decimal	  	ITA/PQ/LB
	 	 	 
	originationFee (if applicable)	  	NUMBER	  	ITA/PQ/LB
	 	 	 
	State	  	STRING	  	ITA/PQ/LB
	 	 	 
	isSecuredOffer (if applicable)	  	BINARY: 0 or 1	  	PQ/LB
	 	 	 
	isSecuredFunding (if applicable)	  	BINARY: 0 or 1	  	PQ/LB
	 	 	 
	branchApplication (if applicable)	  	BINARY: 0 or 1	  	ITA/PQ/LB
	 	 	 
	branchApproval (if applicable)	  	BINARY: 0 or 1	  	ITA/PQ/LB
	 	 	 
	LBincomeBand (if applicable)	  	STRING: Band code	  	LB
	 	 	 
	LBofferTerm (if applicable)	  	INTEGER: Months	  	LB
	 	 	 
	LBloanAmount (if applicable)	  	NUMBER	  	LB
	 	 	 
	LBofferAPR (if applicable)	  	NUMBER: Decimal	  	LB
	 	 	 
	LBofferBadge (if applicable)	  	STRING: PS | PA | EX	  	LB
	 	 	 
	PartnerincomeBand (if applicable)	  	STRING: Band code	  	LB

  
 20 

 EXHIBIT C 

 

			
	

	  	 Credit Karma, Inc.

760 Market Street, 5th Floor

San Francisco, CA 94102

 Loans Partner Process for Updates 

If you would like to make any legal, marketing, or rate updates on Credit Karma, please notify your business contact who will send over the current offer
matrix, via shared excel file, for implementation. 
 How to Submit Change Requests for Loan Offers 

Upon receipt of the shared excel loan matrix, 
  

	 	1)	 Please ensure that you have the latest version of the matrix and verify that all the information is accurate
and up-to-date. 

  

	 	2)	 Please make any necessary changes in the excel file provided by your business contact. The excel doc will
automatically track any changes made. 

  

	 	3)	 Please save the excel file and email back to your business contact for implementation. 

Allotted Time to Completion 
 For legal and/or marketing
updates, please allow up to five (5) business days for changes to be completed. 
 For rate updates, please allow up to two (2) business days
for changes to be completed. 
 If you have a specific deadline that must be met, please be sure to let your business contact know in the email. 

 

			
	www.creditkarma.com	  	Credit Karma, Inc.

  
 21 

 EXHIBIT D 

ADVERTISER’S COMPLIANCE REQUIREMENTS 

Credit Consent (FCRA) 
  

	 	•	 	 Where applicable and in connection with a Promotion, Company must give the Company Customer the opportunity to
affirmatively consent to have his/her credit report pulled by Advertiser. The following are non-exhaustive principles of what is considered “affirmative”: 

 

	 	○ 	 	 Credit consent language that is displayed on the page directly above a “call to action” button is
considered affirmative. 

  

	 	○ 	 	 Credit consent language on a separate link is considered affirmative if the Company Customer must complete a
check box or other affirmative action agreeing to the contents on the link. 

  

	 	○ 	 	 Credit consent language behind a link in which a Company Customer does not have to make an affirmative action to
agree to is not affirmative. 

 Consent to Electronic Disclosures (E-SIGN Act) 

 

	 	•	 	 Where applicable and in connection with a Promotion, Company must give the Company Customer the
opportunity to affirmatively consent to receive electronic disclosures. That consent must specify that the approval is extended to third parties in connection with the inquiry the Company Customer is making. 

Adverse Action Disclosures (FCRA/ECOA) 
  

	 	•	 	 Company shall not represent to Company Customers that a Pre-Qualification
Request to Advertiser constitutes an application for credit. Notwithstanding the foregoing, Advertiser acknowledges that Company’s other advertisers may consider a pre-qualification request on the Company
Website as an application for credit, and accordingly, Advertiser shall not interpret any language in support of such other advertisers’ position on the Company Website as a violation by Company of the foregoing sentence. 

 

	 	•	 	 At the beginning of each Pre-Qualified Request and prior to providing the
Pre-Qualified Offers, Company shall not list Advertiser or any Upstart Partner as possible lenders to whom the Company Customer may be inquiring with respect to the
Pre-Qualified Request. In the event that this cannot be avoided, and a Pre-Qualified Offer is not presented to the Company Customer, a disclosure must be presented
informing the Company Customer that no credit decision has been made by Advertiser, and that Company Customer is invited to apply on the Advertiser Website. Notwithstanding the foregoing, Advertiser acknowledges that Company Customers may see
Advertiser’s Marks or a Promotion on other pages on the Company Website not designated for Company’s pre-qualification platform (e.g. pages showing “Invitation to Apply” offers) and such
instance shall not be deemed as a violation by Company of the foregoing sentences. 

  

	 	•	 	 No language in the Company Website may state that a Company Customer has been declined by Advertiser in
connection with an Application. 

 Truth in Lending 
  

	 	•	 	 On pages of the Company Website where a Promotion is displayed, Company shall also display clear disclosures that
the products offered are advertiser products. 

  

	 	•	 	 On pages of the Company Website where a Promotion is displayed, Company shall disclose that the rates displayed
are subject to change and based on submission of an Application. 

  
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	 	•	 	 Company shall not make any false or misleading claims or any statements in a Promotion that could be construed as
unfair, deceptive, or abusive as defined by Regulation Z. 

  

	 	•	 	 If the Promotion contains a triggering term (e.g. loan term, finance charge, APR, or amount of monthly payment),
it must also include the terms of repayment (as defined by the Truth in Lending Act) and the APR. 

  
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