pepelwerk Sponsoring and Receiving Sponsor Funds Agreement Effective Date: July 1, 2026 The below terms and conditions apply to the modules, functions, services, payment methods, reporting tools, and marketplace activities of pepelwerk related to the Sponsor Module, Access Codes, AI Career Assistant, Talent Wallet, learning stipends, sponsor- funded payments, sponsorship requests, and receiving or requesting sponsorship. All users, organizations, Sponsors, Access Code Managers, Course Providers, Account Owners, administrators, recipients, beneficiaries, and other parties demonstrate acceptance of these terms and conditions by using pepelwerk, creating or managing an account, activating a module, submitting or accepting a sponsorship request, funding or using a wallet, creating or distributing an Access Code, enrolling in a sponsored activity, receiving a sponsor-funded payment, or interacting with any content, website, software, application, product, service, or asset of pepelwerk, LLC (the "Company," "pepelwerk," "we," "our," or "us"). This document is part of the collective terms of use, terms and conditions, account agreements, payment terms, privacy terms, and other legal policies that govern the relationship between the Company and its visitors, users, customers, clients, prospects, Sponsors, organizations, Course Providers, and marketplace participants. Sponsoring and Receiving Sponsorship What is sponsorship? Sponsorship means that a payment source other than the individual user, the requesting organization, or the recipient agrees to pay for, subsidize, or allocate funds toward eligible pepelwerk technology, services, learning activities, workforce activities, or related marketplace transactions. Sponsorship may be used to cover or subsidize the cost of accessing and using the AI Career Assistant, Talent Wallet, Access Codes, learning-related services, approved courses, credentials, certifications, licenses, employment-related activities, or other eligible pepelwerk services. Sponsorship is a funding method, payment method, or payment support arrangement within the pepelwerk platform. Sponsorship is not a promise that funds will be available, approved, accepted, paid, renewed, continued, or disbursed. Sponsorship is subject to Sponsor approval, Sponsor funding, platform rules, eligibility requirements, available wallet balance, transaction validation, recipient eligibility, completion of qualified funding events, and any applicable legal, contractual, tax, accounting, compliance, reporting, or sponsor-imposed restrictions. Important Definitions For purposes of this Agreement, the following definitions apply: Sponsor means an individual, organization, foundation, charitable organization, donor- advised fund sponsor, corporate social impact program, employer, government agency, workforce program, education program, nonprofit organization, for-profit organization, community organization, economic development organization, or other third-party payor that chooses to fund, subsidize, or allocate money toward eligible pepelwerk services, Access Codes, AI Career Assistant access, Talent Wallet activities, learning activities, workforce activities, or other approved marketplace transactions. Sponsor Funds means money contributed, deposited, prefunded, authorized, or otherwise made available by a Sponsor for use within pepelwerk according to applicable sponsor rules, platform rules, program requirements, eligibility conditions, and transaction requirements. Sponsor Funds are not owned by a recipient unless and until a payout is earned, approved, validated, and disbursed according to the applicable qualified funding event. Sponsor Wallet means the non-interest-bearing wallet, account, balance, ledger, or platform-based funding record used to hold, track, allocate, or apply Sponsor Funds toward eligible sponsored activities. The Sponsor Wallet is a payment administration and tracking tool. It is not a bank account owned by the recipient, not a stored-value account for the recipient, not a personal cash account, not a gift card, not a scholarship account, and not a grant account for the recipient. Access Code means a code, credit, authorization, sponsorship, or other access method provided, paid for, or subsidized by someone other than the individual user, including a Sponsor, employer, school, city, foundation, nonprofit, workforce program, member group, community organization, or other organization, for temporary access to eligible AI Career Assistant, Talent Wallet, learning, reporting, or related pepelwerk products or services. An Access Code does not include, represent, or provide a cash amount, stored value, cash equivalent, refund right, gift card value, wage, stipend owed directly to the user, grant, scholarship, financial aid award, or payment owed directly to the user. AI Career Assistant or AICA means the pepelwerk technology experience that supports career planning, profile development, goal-job selection, skills-gap identification, learning recommendations, matching, guidance, and related work-life activities. Talent Wallet means the user-controlled career identity, activity record, proof, credential, skill, learning, goal, match, and marketplace record maintained within pepelwerk. The Talent Wallet may reflect access, eligibility, activities, learning stipend availability, sponsor-funded activity, and marketplace transactions, but it is not a personal cash account, bank account, stored-value account, gift card, grant account, scholarship account, wage account, or financial aid account. Learning Stipend means a sponsor-funded or platform-administered notional amount, allocation, payment authorization, or payment method that may be applied toward eligible learning activities, courses, credentials, certifications, licenses, or other approved learning-related services within pepelwerk. A Learning Stipend is a conditional, platform- administered payment method and does not create an entitlement, vested right, or guaranteed payment obligation. A Learning Stipend is not cash owed to the user, not a scholarship, not a grant, not financial aid, not a wage, not compensation, not an entitlement, not a benefit plan, not an education award, and not a promise of payment unless all eligibility, validation, funding, and qualified funding event requirements are met. Notional Amount means a displayed, allocated, estimated, authorized, or conditional amount shown in the platform for planning, eligibility, reporting, or transaction purposes. A Notional Amount has no cash value to the user or requesting organization, cannot be withdrawn, transferred, assigned, pledged, redeemed for cash, converted into anything outside the platform, or treated as money owed unless and until pepelwerk confirms that a qualified funding event has occurred, the Sponsor Funds are available, the recipient is eligible, and all payout conditions are met. Qualified Funding Event means the platform-defined event, milestone, approval, activity, enrollment, completion, hire, usage confirmation, reporting requirement, or other condition that must occur before Sponsor Funds may be applied, earned, released, or disbursed to pepelwerk, a Course Provider, a hiring organization, or another eligible recipient. Eligible Recipient means a person or organization that meets pepelwerk’s platform rules, Sponsor requirements, program requirements, account requirements, payment requirements, tax documentation requirements, identity verification requirements, eligibility rules, and qualified funding event requirements for a payout or funded transaction. Course Provider means an organization, instructor, training provider, school, education provider, credential provider, or other approved provider that offers learning, training, courses, credentials, certifications, licenses, or other eligible learning services through or in connection with pepelwerk and may be eligible to receive payment when applicable eligibility and qualified funding event conditions are satisfied. Who are the Sponsors? Sponsors may include foundations, independent financial funds, private charitable organizations, donor-advised fund sponsors, nonprofit organizations, public or private for- profit organizations with philanthropic or workforce commitments, employers, community organizations, education organizations, economic development organizations, workforce programs, government agencies, public programs, and other entities that choose to fund or subsidize eligible activities through pepelwerk. Sponsors are independent third parties. Sponsors are not agents, employees, partners, joint venturers, fiduciaries, trustees, guarantors, insurers, lenders, employers, schools, financial aid administrators, scholarship administrators, or legal representatives of pepelwerk unless a separate written agreement signed by pepelwerk expressly states otherwise. Why do Sponsors sponsor? Sponsors may sponsor because they have programs, commitments, policies, goals, budgets, philanthropic priorities, workforce needs, economic development objectives, social impact objectives, education objectives, employment objectives, community development initiatives, or other lawful reasons to make technology, learning, credentialing, career development, job matching, employment pathways, or workforce services more accessible. Sponsors may also sponsor because they want accountability, outcome visibility, usage tracking, and reporting related to the funds they choose to contribute. Sponsorship through pepelwerk is intended to connect funding to activity and outcomes so Sponsors can better understand whether the services, learning, technology, or workforce activities they funded were used for their intended purpose. Why do Sponsors use pepelwerk? Pepelwerk may serve as a platform-based tracking and reporting system for sponsored activity. It is not a system of record for legal, accounting, or regulatory purposes. Pepelwerk provides Sponsors with tools to administer sponsorship requests, contribute to wallets, accept or reject sponsor requests, allocate payment support to eligible activities, track the use of funds, view reporting, and support reporting and analysis of activity associated with sponsored use. Reports, insights, matches, and outcome-related data are informational only and are not determinations or guarantees of outcomes. Pepelwerk may retain service fees, administration fees, subscription fees, transaction fees, platform fees, program management fees, commissions, or other applicable fees for providing software, services, payment administration, reporting, analytics, program management, marketplace access, and related support. Pepelwerk provides software, marketplace workflows, reporting tools, technology access, and administrative support. Pepelwerk does not guarantee a Sponsor’s decision to fund, continue funding, accept a sponsorship request, pay an invoice, maintain a wallet balance, renew a commitment, approve a recipient, or disburse funds. How do Sponsors sponsor? A Sponsor, program manager, fund manager, Account Owner, or authorized organization representative may create a Work Hub account, activate the Sponsor module, complete required account or payment information, add money to a Sponsor Wallet, and choose what activities, organizations, Access Codes, learning activities, workforce activities, or sponsorship requests to support. A Sponsor may choose how much to prefund or allocate. The prefunded or allocated amount is deducted from the Sponsor Wallet or otherwise applied based on the activities, Access Codes, or sponsorship requests the Sponsor chooses to fund and the qualified funding events that occur. Sponsor requests may be accepted, rejected, allowed to expire, modified, limited, or conditioned by Sponsors or pepelwerk according to platform rules, available funding, eligibility requirements, sponsor objectives, marketplace integrity requirements, and other applicable conditions. An Access Code, sponsorship request, learning stipend, Talent Wallet allocation, or notional amount will not become active, payable, available for payout, or usable as a payment method unless and until payment has been received, authorized, confirmed, or otherwise validated by pepelwerk. No Pepelwerk Financial Responsibility for Sponsor Nonpayment Pepelwerk is not financially responsible for any Sponsor’s failure or refusal to pay, delayed payment, insufficient funds, expired commitment, revoked commitment, declined sponsorship request, rejected sponsorship request, canceled funding source, disputed payment, chargeback, nonpayment, inability to pay, insolvency, budget reduction, policy change, program termination, or any other failure to fund or continue funding. Pepelwerk has no obligation to advance, replace, loan, front, reimburse, guarantee, or otherwise provide money, credits, services, technology access, learning stipends, course payments, salary subsidies, employment subsidies, sponsorship payments, refunds, or other amounts on behalf of a Sponsor that cannot pay, does not pay, refuses to pay, delays payment, or fails to maintain adequate wallet funds. If a Sponsor does not pay, cannot pay, reverses payment, fails to maintain a sufficient wallet balance, declines a sponsorship request, fails to renew funding, or otherwise does not provide funds, then pepelwerk may suspend, delay, cancel, deactivate, reduce, reverse, expire, or deny the related Access Code, sponsored activity, learning stipend, Talent Wallet amount, course enrollment payment, technology access, payout, reporting activity, or other sponsored transaction. No user, organization, Course Provider, Access Code Manager, recipient, beneficiary, or other party may rely on pepelwerk as a backstop, guarantor, insurer, lender, grant maker, scholarship provider, financial aid administrator, employer, fiduciary, trustee, or substitute payor for Sponsor Funds. Sponsor-funded amounts are payable only to the extent that pepelwerk has actually received, confirmed, retained, and is authorized to apply sufficient Sponsor Funds for the specific eligible transaction after applicable fees, holds, reversals, refunds, compliance reviews, chargebacks, tax documentation requirements, fraud reviews, and eligibility checks. Sponsor Funds Are Payment Methods, Not Grants or Scholarships Sponsor Funds, Access Codes, AI Career Assistant access, Talent Wallet amounts, learning stipends, notional balances, course payment authorizations, salary subsidy authorizations, and other sponsor-funded platform amounts are payment methods or conditional payment support mechanisms within pepelwerk. They are not grants, scholarships, financial aid awards, education awards, charitable gifts to the recipient, wages, compensation, benefits, entitlements, stored value, gift cards, cash equivalents, personal property of the user, or funds owed directly to a user unless expressly required by law and confirmed in writing by pepelwerk. Using Sponsor Funds as a payment method to cover the cost of technology, platform access, AI Career Assistant features, Talent Wallet activity, learning services, course fees, credentials, certifications, licenses, employment-related services, or other eligible pepelwerk services does not create a grant, scholarship, financial aid relationship, student aid relationship, lender relationship, employment relationship, agency relationship, fiduciary relationship, trustee relationship, or charitable beneficiary relationship between pepelwerk and any user, organization, Course Provider, recipient, or beneficiary. A Learning Stipend included in or associated with an Access Code is a restricted, conditional, sponsor-funded payment method that may be applied only to eligible learning- related activities and only if all platform, Sponsor, Course Provider, recipient, and qualified funding event requirements are satisfied. A Learning Stipend is not a scholarship and should not be described, marketed, represented, reported, or treated as a scholarship unless a separate written agreement signed by pepelwerk expressly states otherwise. A Learning Stipend is a conditional, platform-administered payment method and does not create an entitlement, vested right, or guaranteed payment obligation. No recipient has a right to withdraw, transfer, assign, pledge, redeem, convert, cash out, refund, or personally receive the value of an Access Code, Learning Stipend, Talent Wallet amount, Sponsor Wallet amount, or notional amount. Learning Stipend Eligibility and Course Provider Payouts Learning stipends or notional amounts made available through an Access Code, Talent Wallet, AI Career Assistant experience, learning pathway, or sponsored activity may be used only by eligible users and only for eligible learning activities. Matching, pathway recommendations, and related outputs are probabilistic and informational tools and do not constitute determinations of eligibility, suitability, or funding decisions. pepelwerk defines platform-based methodologies for aligning skills, courses, and career pathways. These methodologies are used to organize and present information within the platform and do not constitute independent funding, eligibility, or approval decisions. Eligibility for use or decision to pay using Sponsor Funds is determined by Sponsor-defined criteria, program requirements, and applicable rules, and not by pepelwerk. Eligibility may depend on one or more of the following: the user’s active account status; completion of required profile information; activation of an Access Code; association with an approved organization; goal-job selection; platform-based methodologies for aligning skills, courses, and career pathways; Sponsor requirements; program requirements; funding restrictions; geographic rules; age or participation rules where lawful; reporting requirements; identity verification; tax documentation; Course Provider requirements; enrollment confirmation; completion confirmation; marketplace integrity review; and any other criteria set by the Sponsor, the requesting organization, pepelwerk’s platform rules, or applicable law. Course Providers who are eligible to receive payout from a learning stipend must meet all applicable eligibility, verification, account, tax, payment, course, reporting, and qualified funding event requirements. Pepelwerk may withhold, delay, deny, reverse, or adjust payout if required information is missing, eligibility is not confirmed, Sponsor Funds are unavailable, the Sponsor fails to pay, a chargeback or dispute occurs, course information is inaccurate, user activity is not validated, completion is not confirmed, the Course Provider does not meet platform requirements, or the transaction presents legal, compliance, fraud, payment, tax, marketplace integrity, or reputational risk. Unless different terms are stated in writing by pepelwerk, Course Provider payouts related to learning stipends may be conditioned on user enrollment confirmation, Course Provider enrollment confirmation, user completion confirmation, Course Provider completion confirmation, use of pepelwerk’s platform-based methodologies to organize and present the relationship between the course, the user’s selected career pathway, and related skills, and available Sponsor Funds. Pepelwerk is not responsible for paying a Course Provider, organization, employer, user, or other recipient if the Sponsor Funds are not received, are insufficient, are disputed, are reversed, are subject to a hold, are not authorized for the transaction, or are unavailable for any reason. Who gets sponsorship money? The end beneficiary of a sponsored activity may be the user of the AI Career Assistant, Talent Wallet, or related pepelwerk services. However, the end beneficiary does not automatically receive money directly. Sponsor Funds may be applied as a payment method to eligible platform services, technology access, learning activities, course payments, credential payments, salary subsidies, hiring-related subsidies, employment- related activities, or other approved marketplace transactions.

• subsidizing or covering the cost of technology access;
• subsidizing or covering the cost of the AI Career Assistant, Talent Wallet, Access

Code, or related platform services;

• subsidizing or covering the cost of eligible learning, including courses, certificates,

credentials, degrees, licenses, or related learning services;

• subsidizing or supporting employment-related costs, salary-related costs,

internship costs, externship costs, apprenticeship costs, learn-on-the-job opportunities, or entry-level hiring activities where permitted by platform rules and applicable law; and

• supporting other workforce, education, or economic development activities

approved through pepelwerk. How does the money get disbursed? When a qualified funding event occurs, pepelwerk may apply, allocate, or distribute Sponsor Funds to eligible recipients according to the applicable platform rules, Sponsor requirements, eligibility conditions, payment terms, and qualified funding event requirements. Qualified funding events and eligible recipients may include:

• AI Career Assistant fees or Access Code fees paid to pepelwerk when sponsored to

activate or provide eligible AI Career Assistant, Talent Wallet, or related technology access for approved users, students, citizens, association members, nonprofit members, workforce program participants, military career-transition participants, adults relaunching careers, young adults launching careers, or other eligible groups;

• enrollment in an eligible course presented within pepelwerk’s platform-based

methodologies for aligning skills, courses, and career pathways, with eligible course fees paid to a Course Provider if all required conditions are satisfied;

• completion of an eligible course presented within pepelwerk’s platform-based

methodologies for aligning skills, courses, and career pathways, with eligible course fees paid to a Course Provider if all required conditions are satisfied;

• a user being hired for a skills-based job, learn-on-the-job opportunity, internship,

externship, apprenticeship, entry-level role, or other approved employment-related opportunity, with eligible payments made to the approved hiring organization or other eligible recipient if all required conditions are satisfied; or

• other approved activities that pepelwerk determines are eligible for sponsor-funded

payment within the platform. Pepelwerk may deduct applicable fees, service charges, administration fees, commissions, transaction fees, processing fees, refunds, reversals, chargebacks, compliance holds, tax withholding, or other applicable amounts before applying or disbursing Sponsor Funds. Sponsor Wallets, Unused Funds, and Nonrefundability Once money is added to a Sponsor Wallet, it is nonrefundable unless a separate written agreement signed by pepelwerk expressly states otherwise or unless a refund is required by applicable law. The Sponsor Wallet acts as a platform-based funding, tracking, and payment administration mechanism until money is allocated to an approved sponsored activity request or otherwise applied according to platform rules. Sponsor Wallets are not bank accounts, regulated escrow accounts, fiduciary accounts, trust accounts, stored-value accounts, gift cards, or recipient-owned accounts. Once money is allocated to a sponsored activity request, the money may be applied or disbursed based on completion of the applicable qualified funding event and satisfaction of all eligibility conditions. If a Sponsor Wallet is left unassigned for more than 11 months, or 334 days, from the date the wallet was funded, pepelwerk may automatically assign or reallocate the funds to sponsorship requests before the end of the 12th month, or 364 days, and disburse or apply the funds based on completion of qualified funding events and recipient eligibility. Pepelwerk may also close, expire, reallocate, deactivate, or redistribute unused funds, Access Codes, or sponsored amounts when usage is low, eligibility is not met, Sponsor requirements are not satisfied, the Access Code expires, the funded period ends, the Sponsor requests reassignment, or pepelwerk determines that reassignment is appropriate to protect marketplace integrity and effective use of Sponsor Funds. No Guarantee of Funding, Access, Outcomes, Enrollment, Completion, or Employment Pepelwerk does not guarantee that any user, organization, Access Code Manager, Course Provider, employer, school, or recipient will receive Sponsor Funds, be approved for sponsorship, qualify for a Learning Stipend, receive a payout, complete a course, obtain a credential, get hired, receive a salary subsidy, achieve a particular outcome, or continue to have access to sponsored services. Pepelwerk does not guarantee that a Sponsor will accept a sponsorship request, fund an Access Code, maintain a sufficient wallet balance, renew funding, approve a course, approve a user, approve a Course Provider, or continue participation in the platform. Pepelwerk does not guarantee that sponsored technology access, AI Career Assistant use, Talent Wallet activity, learning activity, course enrollment, credential completion, or job matching will produce any specific education, employment, wage, placement, retention, promotion, economic, or career outcome. No party should rely on the availability, continuation, or amount of Sponsor Funds when making financial, education, employment, or program decisions. All users and organizations are responsible for their own decisions, actions, participation, compliance, communications, and results. Recipient and User Limitations Users, recipients, and beneficiaries may use sponsored access only for lawful, authorized, eligible, and intended purposes. Users may not sell, transfer, assign, share, exchange, redeem, pledge, or misuse Access Codes, Learning Stipends, Talent Wallet amounts, sponsor-funded access, notional amounts, or sponsored services. Users do not own Sponsor Wallet funds, Access Code values, Learning Stipend values, notional amounts, or other sponsor-funded platform balances. Users may not demand cash, refunds, direct payments, substitutions, replacement funds, or continued access if Sponsor Funds are unavailable, insufficient, expired, revoked, declined, or not approved. Pepelwerk may suspend, deactivate, revoke, deny, or limit user access to sponsored activity if the user does not meet eligibility requirements, fails to complete required information, misuses the platform, violates terms, provides inaccurate information, fails to complete required steps, or if Sponsor Funds are not available. Sponsor and Organization Responsibilities Sponsors and organizations are solely responsible for all determinations of funding, funding decisions, and who receives funds. In addition to:

• ensuring that their sponsorship objectives, eligibility rules, funding sources, and

payment instructions comply with applicable law;

• maintaining sufficient wallet balances or approved payment methods;
• determining and documenting eligibility criteria where the Sponsor or organization

controls eligibility;

• ensuring that funds are legally permissible for the intended use;
• reviewing and approving sponsorship requests before committing funds;
• communicating any program-specific restrictions or requirements to pepelwerk;
• maintaining their own legal, tax, accounting, grant, procurement, charitable,

employment, education, privacy, audit, and compliance obligations;

• responding to audits, investigations, reporting obligations, and funding-source

inquiries;

• ensuring that their use of pepelwerk does not create prohibited private benefit, self-

dealing, unlawful discrimination, impermissible political activity, fraud, waste, abuse, or misuse of funds; and

• ensuring that all authorized users act within their authority.

Pepelwerk may support reporting, transaction logs, usage tracking, outcome data, access- code tracking, fund usage visibility, and documentation. However, pepelwerk does not replace the Sponsor’s or organization’s independent legal, accounting, tax, grant, procurement, audit, employment, education, or compliance obligations. Sponsors and organizations may not use platform data, funding decisions, or sponsored activity in a manner that violates applicable employment, civil rights, or nondiscrimination laws. Pepelwerk’s Role and Limits of Relationship Pepelwerk provides software, platform access, marketplace tools, data workflows, reporting tools, payment administration support, customer support, program management support where purchased, and related technology services. pepelwerk provides informational, assistive, and decision-support functionality through software and artificial intelligence designed to support user- and organization-directed decision-making. pepelwerk does not provide advice or make funding, eligibility, education, or employment decisions on behalf of any party. Pepelwerk is not a bank, lender, money transmitter, payment processor of record unless expressly stated, fiduciary, trustee, regulated escrow agent, grant maker, scholarship provider, financial aid administrator, school, employer, employment agency, staffing agency, payroll provider, insurer, guarantor, tax advisor, legal advisor, accounting advisor, grant advisor, auditor, or compliance officer for any Sponsor, organization, user, Course Provider, or recipient. Pepelwerk’s authority is limited to actions inside the pepelwerk platform and actions necessary to provide the contracted software, services, workflows, reporting, payment administration, and marketplace functions. Pepelwerk does not make external hiring decisions, admissions decisions, financial aid decisions, grant awards, scholarship awards, employment decisions, wage decisions, procurement decisions, legal determinations, tax determinations, or eligibility decisions unless expressly stated in a separate written agreement signed by pepelwerk. Pepelwerk does not undertake any duty to ensure that funding allocations, eligibility determinations, or sponsored activities are appropriate, accurate, or suitable for any specific purpose. No use of the Sponsor Module, Access Code, AI Career Assistant, Talent Wallet, Learning Stipend, Sponsor Wallet, or related services creates a partnership, joint venture, agency, fiduciary, trustee, employment, school, lender, grantor, scholarship provider, or financial aid relationship between pepelwerk and any Sponsor, organization, Course Provider, user, recipient, or beneficiary. Suspension, Holds, Reversals, and Compliance Review Pepelwerk may suspend, delay, deny, reverse, hold, deactivate, expire, or cancel any sponsorship request, Access Code, Learning Stipend, Talent Wallet amount, payout, course payment, sponsored activity, or related transaction if pepelwerk determines that:

• Sponsor Funds have not been received or confirmed;
• available funds are insufficient;
• a payment is disputed, reversed, charged back, delayed, or subject to hold;
• eligibility requirements are not met;
• required documentation is missing or inaccurate;
• a user, organization, Course Provider, or Sponsor violates platform rules;
• the transaction may violate law, sponsor restrictions, grant restrictions, tax rules,

procurement rules, education rules, employment rules, or other requirements;

• fraud, misuse, misrepresentation, abuse, duplicate claims, conflicts of interest, or

marketplace integrity concerns exist;

• required enrollment, completion, hire, or activity confirmation has not occurred;
• payout information, tax information, banking information, or identity verification is

incomplete; or

• suspension, delay, denial, reversal, or cancellation is necessary to protect

pepelwerk, users, Sponsors, organizations, Course Providers, or marketplace integrity. Limitation of Liability for Sponsored Funds To the maximum extent permitted by law, pepelwerk is not liable for any indirect, incidental, consequential, special, punitive, exemplary, lost profit, lost revenue, lost opportunity, lost funding, lost enrollment, lost scholarship, lost grant, lost employment, lost wage, lost benefit, reputational, business interruption, or reliance damages arising from or related to Sponsor Funds, Access Codes, Learning Stipends, Talent Wallet amounts, Sponsor Wallet balances, sponsorship requests, sponsor nonpayment, sponsor refusal to pay, sponsor delay, sponsor insolvency, sponsor withdrawal, eligibility determinations, payout delays, payout denials, course-provider payments, or the use or inability to use sponsored services. Pepelwerk’s liability, if any, is limited to fees paid to pepelwerk for the specific service giving rise to the claim and does not include Sponsor Funds that were not received, confirmed, retained, or authorized for the disputed transaction. No Legal, Tax, Accounting, Grant, Scholarship, Financial Aid, or Employment Advice Pepelwerk provides software, marketplace tools, data workflows, reporting, payment administration support, and technology services. Pepelwerk does not provide legal, tax, accounting, grant, scholarship, financial aid, procurement, audit, education compliance, employment, wage, benefits, or human resources advice. Sponsors, organizations, Course Providers, users, and recipients should consult their own qualified advisors for decisions involving legal compliance, grant administration, scholarship treatment, financial aid treatment, employment practices, tax treatment, accounting treatment, procurement, public funding, charitable funding, donor-advised funds, education programs, or regulated training programs. If you have any questions about these Terms and Conditions, you can reach out to us through chat or send an email to info@pepelwerk.com. This Agreement supplements and is incorporated into the Pepelwerk Terms of Use, Org Portal Agreement, Payment Terms, AI Recommendation Terms, Guidance Agreement, and Privacy Policy. The Terms of Use govern in the event of conflict.

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