APY & J.P. Morgan Premium Deposit Disclosure

Read this carefully. RetailWorld is not a bank, trust company, broker-dealer, or investment adviser. The APY is a contractual rewards rate paid by RetailWorld on Eligible Balances; it is not interest on a bank deposit held in your name. Funds are held by RetailWorld and are allocated to the J.P. Morgan Premium Deposit program on our behalf. The APY rate is variable, depends in part on prevailing deposit rates, and may be adjusted prospectively with notice as described below.

Eligible Balances accrue rewards at the stated APY on a daily basis and are credited to your Account on or about the first (1st) calendar day of the month immediately following the accrual period. APY accrual is calculated using a daily periodic rate applied to the prior day's end-of-day Eligible Balance. There are no minimums and no posting fees. Rewards are treated as ordinary income in the year credited and, where applicable, will be reported on an IRS Form 1099.

RetailWorld maintains a commercial deposit relationship with JPMorgan Chase Bank, N.A. (“JPMorgan”) and may allocate customer-funded balances, on a pooled or omnibus basis in RetailWorld's name, to the J.P. Morgan Premium Depositprogram (the “Program”). The Program is an institutional, interest-bearing deposit product offered by JPMorgan and is governed by the terms of JPMorgan's Program documentation, which may be amended by JPMorgan from time to time. Interest earned by RetailWorld on Program balances supports, but is distinct from, the APY rewards rate that RetailWorld pays to you.

You do not have a direct deposit relationship with JPMorgan.Your relationship is solely with RetailWorld. Funds held at JPMorgan in RetailWorld's name are subject to the Program's terms, including any applicable hold, notice, or withdrawal provisions, and may earn more or less than the APY we pay you.

The APY is variable. RetailWorld may adjust the APY at any time in its discretion, including in response to material changes in Program yields, federal-funds rate movements, or our program economics. Rate changes that decrease the APY will be communicated in the Seller portal and by email no fewer than thirty (30) days prior to taking effect. Rate changes that increase the APY may take effect immediately upon posting. The current APY will always be visible in the Seller portal and may differ from any figure used in marketing materials.

RetailWorld is not a bank. An Eligible Balance is not a bank deposit held in your name.You have no direct deposit relationship with JPMorgan arising from your use of the Services, and FDIC deposit insurance does not apply at the RetailWorld level. Deposit insurance protections that JPMorgan provides under applicable law apply only to the deposits held on its books and are subject to the FDIC's rules regarding pass-through coverage, aggregation, and insurance limits. Nothing in this Disclosure creates any FDIC pass-through rights in your favor unless expressly confirmed in writing by RetailWorld and JPMorgan.

APY accrues only on Eligible Balances. Amounts subject to pending reversal, chargeback, commitment obligation, tax withholding, or legal process are excluded from the daily calculation until released. You may withdraw Eligible Balances by ACH or domestic wire at any time, subject to bank processing times and to any applicable Program liquidity windows. RetailWorld will not unreasonably delay withdrawals.

The Program is a financial product and bears certain risks, which include: (a) variability of yield; (b) delays in JPMorgan processing that may impact withdrawal timing; (c) changes in the Program terms or discontinuation of the Program by JPMorgan; and (d) changes in regulatory treatment of omnibus deposit arrangements. RetailWorld bears the operational and credit relationship with JPMorgan; you bear, solely vis-à-vis RetailWorld, the risk that RetailWorld is unable to satisfy its APY obligations. Your recourse in such case is against RetailWorld under the Terms, not against JPMorgan.

This Disclosure is informational. It does not constitute investment, tax, or legal advice and does not take into account your personal circumstances. Consult your own qualified professionals before making decisions based on this Disclosure.

RetailWorld may update this Disclosure from time to time. Material changes will be communicated through the Seller portal and by email and will take effect as of the revised Effective date.

Questions about the APY program: info@retailworld.net. Written notices may also be served on our registered agent, Northwest Registered Agent, LLC, 5900 Balcones Drive, STE 100, Austin, TX 78731.