Client Agreement

This Client Agreement is made on and as of the date set forth on the subscription hereto, between the Client (hereinafter referred to as the “Client”), and Peerbackers Advisory, LLC (“Adviser”), an investment adviser subject to the primary jurisdiction of the State of Florida.

By using Peerbackers Advisory and the investment application worthy, you agree to enter into this Client Agreement and agree to be legally bound by its terms and conditions. You must read and consider the Agreement carefully. Clicking that you agree has the same legal effect as signing a paper version of the Agreement.


1. Recitals

The Client hereby appoints the Adviser as an investment adviser to perform the services hereinafter described, and the Adviser accepts such appointment; and

The Adviser shall be responsible for the implementation of the services for which it is engaged regarding those assets (hereinafter referred to as the “Assets” or “Account”) designated by the Client to be subject to the terms and conditions of this Agreement.

2. Scope of Engagement

Portfolio Management

Client hereby appoints Peerbackers Advisory to act as an investment advisor to the Client in connection with such peer-to-peer lending programs (“peer Lenders”) as may be mutually designated by Peerbackers Advisory and Client. Client shall establish an account and deposit funds with participating Peer Lenders so designated (“Peer Lending Account”). Peerbackers Advisory shall have authority to buy and sell loans and securities on Client’s behalf through each Peer Lending Account, in its sole discretion and without first consulting Client. Client shall provide Peerbackers Advisory with information on Client’s investment objectives and any special instructions or limits that Client wishes Peerbackers Advisory to follow in managing each Peer Lending Account. Peerbackers Advisory shall not be obligated or obtain further information concerning Client’s financial position or to assess the appropriateness of Client’s investment objectives or special instructions or limits.

3. Non-Exclusive Services

Client understands that Peerbackers Advisory performs similar services for various clients other than Client. Client agrees that Peerbackers Advisory may give advice and take action in the performance of its duties with respect to any of its other clients that may differ from advice given, or the time or nature of action taken, with respect to the Peer Lending Accounts, so long as it is the policy of Peerbackers Advisory, to the extent practical, to allocate investment opportunities to Client over a period of time on a fair and equitable basis relative to other clients of Peerbackers Advisory. Client understands that Peerbackers Advisory will manage accounts of other persons and that principals, affiliates, or employees of Peerbackers Advisory may trade securities for their own account and accounts of family members (collectively, “Other Accounts”). Client agrees that trade executions for the Peer Lending Accounts and Other Accounts may occur simultaneously and that the Client may not receive execution priority over Other Accounts. All trade executions occurring simultaneously for the benefit of the Client and Other Accounts shall be allocated among the Client and Other Accounts on an equitable basis.

4. Client Acknowledgements

  1. The Client agrees to provide information and/or documentation requested by Adviser in furtherance of this Agreement as it pertains to Client’s objectives, needs and goals, and to keep Adviser informed of any changes regarding same. The Client acknowledges that Adviser cannot adequately perform its services for the Client unless the Client diligently performs their responsibilities under this Agreement. Adviser is expressly authorized to rely on and act upon any information obtained from the Client, Client’s attorney, accountant or other professionals, in connection with the terms of this Agreement;

  2. Client authorizes Adviser to respond to inquiries from, and communicate and share information with, Client’s attorney, accountant and other professionals to the extent necessary in furtherance of Adviser’s services under this Agreement; and

  3. Client and Adviser mutually agree to conduct transactions by electronic means. Client’s information instructions shall be provided to Adviser via Adviser’s website or mobile application in the format devised by Adviser and Adviser shall not be obligated to accept information or instructions in any other manner.

5. Custodian

  1. The Assets shall be held by either an independent bank associated with the Lending Platform or the Lending Platform itself, not the Adviser. At no time shall Adviser be considered the Custodian of any client Assets.

  2. The term "Lending Platform" for purposes of this Agreement shall mean the entity selling the loan notes.

  3. The Adviser is authorized to give instructions to the Lending Platform with respect to all transactions deemed appropriate by Adviser and in connection with its services provided under this Agreement.

  4. Lending Platform or note issuer, not Adviser, may send periodic statements (at least quarterly) showing all transactions occurring on behalf of the Client.

6. Compensation

  1. Advisory fees. Client agrees to pay Peerbackers Advisory a fee at an annual rate of 0.25% of the amount above $5,000 of the sum of (a) the current value of all loans and securities acquired by Peerbackers Advisory on Client’s behalf and currently held by Client and (b) the cash balance available for investment in each active Peer Lending Account.

    Such loans and securities shall be valued at the values assigned by the respective Peer Lenders or, if such Peer Lenders have not assigned values, at the values reasonably assigned by Peerbackers Advisory. Prior to issuance, loans are valued at their invested amounts. Such fee shall be calculated for each calendar day and shall be billed and paid with respect to each one-month period, on the one-month anniversary of the end of such period, unless the amount is under $1.00, in which case the fee will be carried over to the next period.

    In addition, if Client shall terminate this Client Agreement, Client agrees to pay the fees that accumulated since the Client’s last billing cycle.

    Client agrees that Peerbacker’s Advisory’s fees shall be charged against Client’s credit or debit card. Client agrees at all times to provide Peerbackers Advisory with current information on a credit or debit card with sufficient credit or debit availability to cover Peerbackers Advisory’s fees. If for any reason Peerbackers Advisory is unable to charge Client’s credit or debit card, Client agrees unconditionally to promptly pay outstanding fees on demand.

  2. Any custodial fees charged to the Client by the Lending Platform or issuer are exclusive of, and in addition to, Adviser Compensation as defined herein.

7. Risk Acknowledgement and Limitation of Liability

Client acknowledges that investments made through the Peer Lending Accounts involve risk, that Client has read and understands the prospectus and other disclosures made by the designated Peer Lenders, and that Client has assumed and is capable of sustaining the risks of investment. Adviser does not guarantee the future performance of the investment product, strategy, or recommendations related thereto. Client understands that investment products may be subject to various market, interest rate, currency, economic, political and business risks, and that the purchase or sale of any investment products will not always result in profitable performance.

Neither Peerbackers Advisory nor any of its shareholders, directors, officers, employees of agents shall be liable for (a) any loss, damage, or liability incurred by Client with respect to his Agreement or otherwise unless it results directly from Peerbackers Advisory’s gross negligence or willful misconduct in the performance of its obligations as provided by this Client Agreement or, (b) under any circumstances, any consequential, special or indirect losses or damages Client may incur or suffer by or as a consequence of Peerbackers Advisory’s performance of, of failure to preform, the services to be provided hereunder, whether or not the likelihood of such losses or damages was known by Peerbackers Advisory.

8. Indemnification

Client shall indemnify, defend, and hold Peerbackers Advisory and its officers, directors, employees, agents and representatives harmless from and against any suit, judgement, claim, demand loss, liability, expense, or interest (including legal fees and expenses) (“Losses and Expenses”) arising out of or in connection with this Agreement, excluding, however, those Losses and Expenses which are finally determined by a court of competent jurisdiction to have resulted directly from the gross negligence or willful malfeasance of Peerbackers Advisory in the performance of its obligations as provided by this Agreement. This indemnification shall survive resignation of Peerbackers Advisory and/or the termination of this Agreement.

9. Directions to Adviser

Adviser may request that all directions, instructions and/or notices from the Client to Adviser be submitted in writing, including notification of a change in the Client’s investment objective(s). The Adviser shall be fully protected in relying upon any direction, notice, or instruction until it has been duly advised in writing of changes thereto.

10. Verification of Customer Identity

Adviser may be required by federal law to take any necessary and appropriate measures to confirm the identity of Client. Adviser may obtain information such as Client name; Client address; Client date of birth; and Client identification number (i.e. driver’s license number, passport number, etc.) Adviser may require Client to provide a copy of a current, government-issued photo identification. Adviser may perform a background check or a credit report in an effort to help confirm certain information provided.

11. Assignment

This Agreement may not be assigned by the Adviser without the prior written consent of the other party.

12. Severability

Any term or provision of this Agreement which is invalid or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining terms or provisions of this Agreement or affecting the validity or enforceability of any of the terms or provisions of this Agreement in such jurisdiction or any other jurisdiction.

13. Electronic Delivery

Client authorizes Adviser to distribute materials and information to client in an electronic format to the email address provided by Client.

14. Applicable Law

This Agreement supersedes and replaces, in its entirety, all previous investment advisory agreement(s) between the parties. To the extent not inconsistent with applicable law, this Agreement shall be governed by and construed in accordance with the laws of the State of Florida.

15. Authority

The Client acknowledges that they have all requisite legal authority to execute this Agreement, and that there are no encumbrances on the Assets. The Client correspondingly agrees to immediately notify Adviser, in writing, if either of these representations should change.

16. Disclosure Document

The Client hereby acknowledges receipt of a copy of the Disclosure Document of the Adviser (i.e. Part II of Form ADV) and a copy of the Firm’s Privacy Policy.

17. Arbitration

  1. Arbitration Provisions.

    1. All parties to this Agreement agree that any dispute shall be resolved in an arbitration proceeding conducted pursuant to the rules of the chosen arbitration forum. One of the arbitrations forums that is available is the America Arbitration Association.

    2. Arbitration awards are generally final and binding; a party’s ability to have a court reverse or modify an arbitration award is very limited.

    3. The ability of the parties to obtain documents, witness statements and other discovery is generally more limited in arbitration than in court proceedings.

    4. The arbitrators do not have to explain the reason(s) for their award.

    5. The rules of some arbitration forums may impose time limits for bringing a claim in arbitration. In some cases, a claim that is ineligible for arbitration may be brought in court.

    6. The arbitration forum shall not be selected if traveling to its location would cause undue, not ordinary, hardship or financial expense to the Client.

  2. Important Arbitration Notices.

    1. If Adviser seeks to compel arbitration of such claims, Adviser must agree to arbitrate all of the claims contained in the complaint if the customer so requests;

    2. No person shall bring a putative or certified class action to arbitration, nor seek to enforce any pre-dispute arbitration agreement against any person who has initiated in court a putative class action; who is a member of a putative class who has not opted out of the class with respect to any claims encompassed by the putative class action until: (i) the class certification is denied; or (ii) the class is decertified; or (iii) the customer is excluded from the class by the court. Such forbearance to enforce an agreement to arbitrate shall not constitute a waiver of any rights under this Agreement except to the extent stated herein;

    3. You are entitled to request the names of and information on how to contact or obtain the rules of all arbitration forums in which a claim may be filed under this Agreement.

18. Termination

This Agreement will continue in effect until the earlier of the point at which:

  1. it is terminated by either party by written notice to the other (email notice will not suffice), which written notice must be signed by the terminating party and received by the other party at least ten (10) days in advance of the requested termination date; or

  2. the loan(s) in which the Client has invested are closed.

  3. Termination of this Agreement will not affect (i) the validity of any action previously taken by Adviser under this Agreement; (ii) liabilities or obligations of the parties from transactions initiated before termination of this Agreement; or (iii) Client’s obligation to pay advisory fees (prorated through the date of termination). Upon the termination of this Agreement, Adviser will have no obligation to recommend or take any action with regard to the securities, cash or other investments in the Account.

19. Notices

Any notice hereunder may be delivered to the addressee thereof by means of electronic transmission unless a party hereto is on notice that the other party is unable to receive such party’s electronic transmissions, in which case notices to such party shall be delivered by first class mail. Notices to Peerbackers Advisory pursuant to this Agreement shall be directed to, or to Peerbackers Advisory, 4400 N. Federal Hwy., #210-37, Boca Raton, FL 33431.

Emergency Contact Information. Name: Sally Outlaw; Phone: 561-316-7766; Fax: 561-745-9596; Email:

Notices to Client pursuant to this Agreement shall be directed to the electronic mail or postal address of Client as set forth on Peerbackers Advisory books and records.

20. Execution

IN WITNESS WHEREOF, the Client and Adviser have each executed this Agreement on the day, month and year written on the facing page, by signing the on the facing page and below. By signing and dating below,

  1. I acknowledge my receipt and understanding of this Agreement and all provisions (including those pertaining to any pre-dispute arbitration clause) set forth within it; and

  2. Agree to abide by the provisions set forth within this Agreement.