CREDIT AND BACKGROUND CHECK AUTHORIZATION

You understand and agree that Copay Inc, (including its agents, assignees and subsidiaries, collectively “COPAY”) are authorized to contact third parties to conduct background checks and other investigative reports, including but not limited to your business credit and sales data, as described below, and make credit report inquiries (including requesting personal credit bureau reports and background checks about you and any other owner(s) of the business who will be providing a personal guarantee of performance, and business credit bureaus about your company, in either case, from credit reporting agencies and other sources) or for any other lawful purpose. COPAY has such authority for the foregoing in connection with any extension of credit to the company on whose behalf you are applying, conducting factoring facility file updates, ongoing factoring facility reviews, renewal of financing, or referral of your business to third party lenders. Upon your written request, we will advise you if we obtained a credit report. You understand and agree that COPAY is making no commitment or guarantee that any product, evaluation, or guidance provided by COPAY will result in an approval of credit from COPAY or any third-party lender.