Last Modified June 22nd, 2023

1. General & Acceptance of Terms

These Additional Terms and Conditions for Funding Applicants (the “Applicant Terms”) apply when you submit a Funding Application or Funding Application is submitted directly or indirectly to Mantis on your behalf. All capitalized terms used in these Applicant Terms not defined herein shall have the meaning set forth in Mantis Terms and Conditions (the “General Terms”)

In connection with any Funding Application you hereby accept these Applicant Terms as well as the General Terms.

These Applicant Terms together with the General Terms constitute a legally binding agreement between you and Mantis. Please read them carefully to ensure you understand each provision. If you do not agree to any of these provisions, then please do not submit an Application for Funding. By submitting a Funding Application, or by clicking to accept or agree to the Applicant Terms when this option is made available to you, you accept and agree to be bound by and abide by these Terms and our Privacy Policy and to the collection and use of your information as set forth in our Privacy Policy.

You further agree to the following sections of these Applicant Terms.

2. Accuracy of Documents and Information

The information contained in all documents of any kind provided directly or indirectly, to (i) Mantis and/or (ii) any party who receives your Funding Application for the purpose of evaluating whether it wishes to provide Funding (a “Funder”); or (iii) any party assisting with the Funding Application, including without limitation, credit reports, credit scores, credit history, investigative reports, statements from creditors or financial institutions, bank statements, tax returns and credit card statements regarding Customer, and any other business or personal information so provided (collectively, “Documents and Information”), are true, complete and accurate.

Mantis, each Funder and any other third parties that may be associated with Mantis or any Funder or otherwise involved in the facilitation or provision of the business funding related to your Funding Application (collectively, “Funder Parties”) shall be entitled to rely upon the accuracy and completeness of all Documents and Information provided by or on your behalf. Mantis is not responsible and shall have no liability in connection with any inaccuracy contained therein that may be incorporated into a Funding Application.

You will immediately notify Mantis if the information contained in any Documents and Information is no longer accurate and/or of any change in any Documents and Information or your financial condition.

3. Authorization to Obtain and Use Documents and Information

In connection with your Funding Application, you authorize each Mantis Party to provide some or all Documents and Information to any other Mantis Party and to any other party as deemed appropriate by the Mantis Party in its sole discretion, including in connection with transactions initially declined by a Mantis Party. You further agree to notify any Funder directly if you no longer want to receive communications from that Funder.

You hereby authorize Mantis and/or any potential party to whom your Funding Application was submitted (each a “Funder”) to send promotional communications to you / and or your business regarding the products or services of any such Funder.

You authorize Mantis and each Funder to use the Documents and Information (i) to verify your identity and credit history; (ii) perform one or more hard pulls of your (and your business’s) credit report(s) in connection with any Funding Application or as provided in a definitive financing agreement with any Funder; (iii) perform soft pulls of your (and your business’) credit report(s) both in connection with any Funding Application and thereafter from time to time, including by affiliates of Mantis in connection with Mantis’s business; and (iv) for any additional reason described in our Privacy Policy.

You authorize each Mantis Party and each Funder to conduct background checks and obtain personal and business credit reports from any credit reporting agencies and any other investigative report or statement from any creditor or financial institution, from time to time in connection with any Funding or Funding Application at Mantis’s and Funder’s discretion, as applicable to evaluating your Funding Application. Specifically, you grant Mantis the right, power, and authority to act on your behalf to access and transmit your personal and financial information from your relevant financial institution. You also understand and agree that Mantis may use Plaid in order to obtain such information and that your personal and financial information will be transferred, stored, and processed by Plaid in accordance with the Plaid Privacy Policy.

You hereby authorize Mantis (and its affiliates) and each Funder to request, receive, and forward to any Funder and/or Funder Party, as applicable, any Documents and Information, together with any related information or documents or verification thereof, in each case as they may deem necessary in connection with your Funding Application.

You hereby waive and release any claims against Mantis, Funder, each Funder Party and any provider of credit reports, credit score or other information-provider, together with their respective and each of their respective representatives, officers, directors, employees, agents, affiliates, successors and assigns arising from any act or omission relating to the request, receipt, release or use of any Information and Documentation (including without limitation the hard or soft pull of credit reports or credit score) in connection with any Funding Application.

Important Information About Procedures for Opening a New Account

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

4. No Responsibility for Decisions Made by Funders

Mantis does not take or complete applications for funding on behalf of any Funder other than Mantis Funding LLC. Mantis Funding LLC does not issue commitments on behalf of any Funder other than Mantis Funding LLC. Neither Money Matters Now LLC nor Crest Hill Capital LLC makes funding commitments on behalf of Mantis Funding LLC or any other Funder.

A Funding Application constitutes an inquiry to be matched with Funders interested in obtaining funding applications from Customer and will be deemed “completed” only when all required Documents and Information have been submitted as determined by the relevant Funder.

A Funder selected by the Customer may require Customer to pay an application or other fee to cover the costs of an appraisal, credit report, filing fees, or other items.

Any Funding Application will be subject to final approval by the selected Funder at Funder’s sole discretion.

5. Authorization

You represent and warrant to Mantis, intending to be legally bound, you are authorized to submit a Funding Application to Mantis.

6. No Use of Personal Accounts

You represent and warrant that any account you use in connection with Funding or a Funding Application was established and is used solely for business and commercial purposes and NOT for any personal, family or household purpose. You certify that all information provided with respect to such account is accurate and you will undertake to inform Mantis, in writing, of any change such account information provided. Mantis agrees to comply with written notifications from you that alter such account (i.e., name and address of the Financial Institution, routing number or account number), provided that Mantis receives such notification in sufficient time and manner to give Mantis and the financial institutions processing the ACH transactions a reasonable opportunity to act on it.

7. Notification of Changes to Applicant Terms

This document may be revised on the periodic basis to reflect the changes in our business and practices, and so you should review this page periodically. When we change the policy in a material manner, we will let you know by update the ‘last modified’ date at the bottom of these Applicant Terms.

Last Modified June 22nd, 2023.