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Consumer Terms and Conditions

SLATE FINANCIAL TECHNOLOGIES INC.

CONSUMER TERMS AND CONDITIONS

Effective Date: February 6, 2026

Last Updated: April 15, 2026

Important Notice

These Consumer Terms and Conditions (“Terms”) govern the relationship between you (“Worker,” “you,” or “your”) and Slate Financial Technologies Inc. (“Slate,” “we,” “us,” or “our”) when you apply for and use our future earnings purchase services.

Please read these Terms carefully before submitting an application. By submitting an application or using our services, you acknowledge that you have read, understood, and agree to be bound by these Terms and Conditions.

These Terms apply specifically to individual workers who enter into Future Earnings Purchase Agreements (“FEPAs”) with Slate. If you are a business applying for receivables purchase services (Merchant Cash Advance), please refer to our Terms and Conditions at /terms.

1. Definitions

In these Terms, the following capitalized terms have the meanings set out below:

“Business Day” means any day other than a Saturday, Sunday, or statutory holiday in Canada.

“Confidential Information” means any non-public information disclosed by either party in connection with these Terms or any FEPA, including financial information, personal information, and the terms of any agreement between the parties.

“Consumer Data Collection and Use Policy” means the policy available at /consumer-data-collection, which describes how we collect, use, and disclose your personal information in connection with our future earnings purchase services.

“Direct Remittance” means the mechanism by which a Platform Partner deducts remittance amounts directly from your Platform Earnings before disbursing the remainder to you, as described in the applicable FEPA.

“Early Access Fee” means the fixed flat fee charged by Slate for purchasing your future Platform Earnings at a discount and assuming the risk of non-collection, as specified in the applicable FEPA and Schedule A. This fee is not interest on a loan.

“Future Earnings Purchase Agreement” or “FEPA” means the agreement between you and Slate pursuant to which you sell a specified amount of your future Platform Earnings to Slate in exchange for an upfront Purchase Price.

“Maximum Term” means the maximum duration of a FEPA, as specified in the applicable agreement, after which any remaining unpurchased portion of the Purchased Amount is automatically forgiven.

“PAD” means a pre-authorized debit transaction processed through the Payments Canada Automated Clearing and Settlement System in accordance with Payments Canada Rule H1 (personal PADs).

“Platform Earnings” means the gross earnings, fees, compensation, or other amounts payable to you by or through a Platform Partner in connection with your work or services performed through that platform.

“Platform Partner” means the platform, marketplace, or service provider through which you earn Platform Earnings and with which Slate has a commercial relationship, as identified in the applicable FEPA.

“Privacy Policy” means the Slate privacy policy available at /privacy.

“Purchase Price” means the lump-sum amount paid by Slate to you in exchange for the Purchased Amount, as specified in the applicable FEPA.

"Purchased Amount" means the Total Repayment amount set out in Schedule A, representing the total amount of future Platform Earnings sold by you to Slate under the applicable FEPA.

“Remittance Amount” means the periodic payment amount due from you to Slate, representing a portion of your Platform Earnings, as specified in the applicable FEPA.

“Slate Platform” means the online platform, website, APIs, dashboards, and related technology operated by Slate through which services are provided.

“Website Terms of Use” means the terms available at /website-terms-of-use, which govern your use of the Slate website.

“Worker” means the individual who enters into a FEPA with Slate to sell future Platform Earnings.

2. Nature of Our Services

Slate provides future earnings purchase services, not loans. When you use our services, you sell a portion of your future Platform Earnings to Slate in exchange for an immediate, upfront Purchase Price. This is a true sale of future earnings, not a debt, loan, or credit transaction.

Important concepts to understand:

  1. You are selling future earnings at a discount — you are not borrowing money or incurring debt.
  2. The Early Access Fee is the cost of early access — it is not interest, a finance charge, or a cost of borrowing.
  3. Remittance Amounts represent Slate’s purchased portion of your earnings — they are not loan repayments.
  4. Slate assumes the risk that your future Platform Earnings may be less than expected. If your earnings are insufficient to cover the Purchased Amount within the Maximum Term, the remaining balance is automatically forgiven.
  5. This is not a credit facility, line of credit, payday loan, or any other lending product.

Slate offers two variants of the FEPA. The standard FEPA is for workers with an ongoing Platform Earnings relationship, where remittances are collected periodically over time. The Earned Wage Advance (EWA) FEPA is a single-transaction product tied to a specific booked shift: the advance is disbursed before the shift, and the repayment obligation is unconditional once disbursement has occurred — meaning the full Purchased Amount is owed on the repayment date regardless of whether the shift is completed, cancelled by you, or cancelled by the Platform Partner or clinic. The specific variant and its terms are set out in your FEPA and Schedule A.

3. Eligibility

To apply for and use our future earnings purchase services, you must meet all of the following requirements:

  1. You are at least eighteen (18) years of age;
  2. You are a Canadian resident;
  3. You have a valid Social Insurance Number (SIN);
  4. You have an active personal bank account at a Canadian financial institution that supports pre-authorized debit transactions;
  5. You are an active worker, contractor, or service provider on a Platform Partner’s platform with a history of earning Platform Earnings;
  6. You are not subject to any bankruptcy, insolvency, or consumer proposal proceedings; and
  7. You are not in breach of any existing agreement with Slate.

Slate reserves the right to decline any application at its sole discretion. Meeting the eligibility requirements does not guarantee approval.

4. Application Process

4.1 Application Submission

To apply for our services, you must complete our application form through the Slate Platform or through an integrated Platform Partner application flow. As part of the application, you will be required to:

  1. Provide accurate personal identification information;
  2. Authorize Slate to obtain your credit report and credit score from Canadian credit bureaus;
  3. Consent to the collection, use, and disclosure of your personal information as described in our Consumer Data Collection and Use Policy and Privacy Policy;
  4. Provide access to your Platform Earnings history through your Platform Partner; and
  5. Provide your personal banking information for the purpose of receiving funds and establishing PAD authorization.

By submitting an application, the Worker represents that they have not previously sold, assigned, or otherwise encumbered the future Platform Earnings that are the subject of the proposed Agreement to any other party.

4.2 Identity Verification

You must complete identity verification through our designated verification provider. This may include providing a valid government-issued photo identification document and completing a biometric or liveness check. Identity verification is a regulatory requirement under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and associated regulations.

4.3 Review and Approval

Upon receiving a complete application, Slate will evaluate your eligibility based on factors including but not limited to your Platform Earnings history, credit profile, identity verification results, and the quality and collectability of your future Platform Earnings. Slate will notify you of the outcome of your application within a reasonable timeframe.

4.4 Execution of FEPA

If your application is approved, you will be presented with a Future Earnings Purchase Agreement consisting of Master Terms and a Transaction Disclosure Summary (Schedule A). The Master Terms set out the general terms and conditions, and the Schedule A sets out the deal-specific financial terms including the Advance Amount, Purchased Amount, Early Access Fee, and repayment schedule. The FEPA will become binding upon your electronic acceptance through the Platform and Slate's disbursement of the Advance Amount.

5. Your Obligations

5.1 Accurate Information

You represent and warrant that all information you provide to Slate in connection with your application and throughout the term of any FEPA is true, accurate, complete, and not misleading. You must promptly notify Slate of any material changes to your personal information, banking information, or Platform Earnings status.

5.2 PAD Authorization

By entering into a FEPA, you authorize Slate to process PADs from your designated personal bank account in accordance with Payments Canada Rule H1. Your PAD authorization is governed by the terms set out in the applicable FEPA. You have the right to cancel your PAD authorization in accordance with applicable law, subject to the terms of the FEPA.

5.3 Cooperation

You agree to cooperate with Slate in connection with the administration of any FEPA, including providing updated personal or financial information upon reasonable request and facilitating Direct Remittance arrangements with your Platform Partner if required under the terms of the FEPA.

5.4 Compliance with Laws

You agree to comply with all applicable federal, provincial, and municipal laws and regulations in connection with your use of our services.

6. Remittance

Remittance of the Purchased Amount is governed by the specific terms of the applicable FEPA. Key remittance provisions include:

  1. PAD Collection: Slate will process periodic PADs from your designated bank account in the Remittance Amount specified in the FEPA.
  2. Direct Remittance: If PAD collection is unavailable or fails as described in the FEPA, Slate may activate Direct Remittance through your Platform Partner, whereby the Platform Partner deducts the Remittance Amount from your Platform Earnings before disbursing the remainder to you.
  3. Earnings Decline Adjustment: If your Platform Earnings decline materially (as defined in the FEPA, typically 75% or more below expected levels), you may request an adjustment to your Remittance Amount by contacting Slate. Adjustments are Worker-initiated only — Slate will not unilaterally reduce your Remittance Amount.
  4. Maximum Term and Forgiveness: Each FEPA has a Maximum Term. If the Purchased Amount has not been fully remitted by the end of the Maximum Term, the remaining balance is automatically forgiven and you owe nothing further.
  5. Returned Payments: If a PAD is returned due to insufficient funds or a closed account, a returned payment fee may apply as specified in the FEPA.

The Worker’s authorization for Direct Remittance is obtained as a separate consent during the application process (Consent Element C6), in addition to the authorization contained in Section 4.4 of the FEPA.

7. Fees

The only fees associated with our future earnings purchase services are:

  1. Early Access Fee: The fixed flat fee for early access to your earnings, disclosed in the FEPA and Schedule A before you accept.
  2. Returned Payment Fee: A fee for each returned PAD beyond the second occurrence during the term of the FEPA, as specified in the FEPA.

There are no application fees, origination fees, prepayment penalties, or hidden charges. The total cost of the transaction is disclosed upfront in the FEPA.

8. Right of Cancellation

You have the right to cancel a FEPA without penalty within the cancellation period specified in your applicable FEPA and Schedule A. For the standard FEPA, the cancellation period is ten (10) Business Days from the Effective Date. For the Earned Wage Advance FEPA, the cancellation period is three (3) Business Days from the Effective Date. To cancel, provide written notice to [email protected] within the applicable period. If the Advance Amount has already been disbursed, you must return it in full within five (5) Business Days of Slate's acknowledgment. Upon return, the FEPA will be void and no Early Access Fee will be owed.

9. Anti-Money Laundering and Identity Verification

Slate is a registered Money Services Business (MSB) with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). We are required by law to:

  1. Verify your identity before entering into a FEPA;
  2. Maintain records of transactions and identity verification;
  3. Report certain transactions to FINTRAC as required by the PCMLTFA; and
  4. Conduct ongoing monitoring for suspicious activity.

By using our services, you consent to these requirements and agree to provide any additional information or documentation reasonably requested by Slate for compliance purposes.

10. Representations and Warranties

By applying for and using our services, you represent and warrant that:

  1. You meet all eligibility requirements set out in Section 3;
  2. All information provided to Slate is true, accurate, and complete;
  3. You have the legal capacity to enter into these Terms and any FEPA;
  4. You are not subject to any order, judgment, or decree that would prevent you from entering into a FEPA;
  5. The Platform Earnings being sold under a FEPA are not subject to any prior assignment, pledge, lien, or encumbrance;
  6. You are not aware of any circumstances that would materially impair your ability to earn Platform Earnings during the term of the FEPA;
  7. You have not provided false or misleading information to any Platform Partner regarding your identity, qualifications, or work history; and
  8. You are entering into the FEPA voluntarily and have had the opportunity to seek independent legal and financial advice.

11. Events of Breach

The following constitute Events of Breach under these Terms:

  1. Any representation or warranty made by you proves to have been materially false or misleading;
  2. You fail to maintain a valid personal bank account capable of processing PADs and do not provide a replacement within ten (10) Business Days of written notice from Slate;
  3. You commit fraud, misrepresentation, or other dishonest conduct in connection with your application or any FEPA;
  4. You become subject to bankruptcy, insolvency, or consumer proposal proceedings;
  5. You take deliberate action to prevent Slate from collecting the Purchased Amount, including but not limited to intentionally redirecting Platform Earnings to avoid remittance; or
  6. You breach any material term of the FEPA and fail to cure such breach within ten (10) Business Days of written notice from Slate.

Upon an Event of Breach, Slate may exercise the remedies set out in the applicable FEPA. For clarity, an Event of Breach does not convert the true sale transaction into a loan, and Slate’s remedies are limited to those specified in the FEPA.

12. Limitation of Liability

To the maximum extent permitted by applicable law:

  1. Slate’s total liability to you under these Terms and any FEPA shall not exceed the Purchase Price paid to you under the applicable FEPA.
  2. Slate shall not be liable for any indirect, incidental, special, consequential, or punitive damages, including loss of earnings, loss of data, or loss of opportunity, regardless of the cause of action.
  3. Slate is not liable for any delays, failures, or interruptions in the Slate Platform caused by circumstances beyond our reasonable control.

Nothing in these Terms excludes or limits liability that cannot be excluded or limited under applicable law, including liability for fraud or gross negligence.

13. Consumer Protection

These Terms and any FEPA are subject to applicable consumer protection legislation, including the British Columbia Business Practices and Consumer Protection Act (BPCPA) and any equivalent legislation in other provinces where Slate operates. Nothing in these Terms is intended to limit or exclude any rights you have under applicable consumer protection laws that cannot be limited or excluded by contract.

If any provision of these Terms or a FEPA is found to be inconsistent with applicable consumer protection legislation, the consumer protection legislation shall prevail to the extent of the inconsistency.

14. Privacy and Data Protection

Slate collects, uses, and discloses your personal information in accordance with Canada’s Personal Information Protection and Electronic Documents Act (PIPEDA) and applicable provincial privacy legislation. For full details, please refer to:

  1. Privacy Policy: /privacy
  2. Consumer Data Collection and Use Policy: /consumer-data-collection
  3. Credit Check Authorization: see Section 14.3 below.

By using our services, you consent to the collection, use, and disclosure of your personal information as described in these policies. You may withdraw your consent at any time, subject to legal or contractual restrictions. Withdrawal of consent may result in Slate being unable to provide services to you.

14.3 Credit Check Authorization

By submitting an application, you authorize Slate and its designated agents to: (i) request, obtain, and review your personal credit report and credit score from TransUnion Canada, Equifax Canada, and any other Canadian credit reporting agency; (ii) use this credit information to assess the quality and collectability of the future Platform Earnings you are selling to Slate; (iii) conduct ongoing credit monitoring during the term of any FEPA; and (iv) report information about your account and remittance history to credit bureaus. This authorization does not create a lending relationship between you and Slate.

Slate may conduct soft inquiries (which do not affect your credit score) for pre-qualification and ongoing monitoring, and hard inquiries (which may affect your credit score) when processing a formal application. This authorization remains in effect for the duration of any FEPA and for three (3) years from the date of application if no FEPA is entered into. You may withdraw this authorization at any time by contacting [email protected], subject to limitations described in the Consumer Data Collection and Use Policy.

15. Intellectual Property

The Slate Platform, including all software, content, trademarks, logos, and documentation, is the property of Slate or its licensors and is protected by Canadian and international intellectual property laws. Your use of our services does not grant you any ownership rights in the Slate Platform or its content.

16. Dispute Resolution

16.1 Informal Resolution

Before initiating any formal dispute resolution proceedings, you agree to contact Slate in writing to attempt to resolve the dispute informally. Slate will acknowledge your complaint within two (2) Business Days and provide a substantive response within ten (10) Business Days.

16.2 Governing Law

These Terms are governed by and construed in accordance with the laws of British Columbia and the federal laws of Canada applicable therein, without regard to conflict of laws principles.

16.3 Jurisdiction

Subject to any rights you may have under applicable consumer protection legislation to commence proceedings in your province of residence, you agree that any legal proceedings arising out of or relating to these Terms shall be brought in the courts of British Columbia.

17. General Provisions

17.1 Entire Agreement. These Terms, together with the applicable FEPA, Privacy Policy, Consumer Data Collection and Use Policy, Credit Check Authorization Terms, and Website Terms of Use, constitute the entire agreement between you and Slate regarding the subject matter hereof.

17.2 Amendments. Slate may amend these Terms from time to time by posting an updated version on the Slate Platform. Material changes will be communicated to you by email or through the Slate Platform at least thirty (30) days before they take effect. Your continued use of our services after the effective date of any amendment constitutes acceptance of the amended Terms.

17.3 Severability. If any provision of these Terms is found to be invalid or unenforceable, that provision shall be modified to the minimum extent necessary to make it valid and enforceable, or if modification is not possible, severed from these Terms. The remaining provisions shall continue in full force and effect.

17.4 Waiver. No failure or delay by Slate in exercising any right under these Terms shall constitute a waiver of that right. A waiver of any right on one occasion does not constitute a waiver of that right on any other occasion.

17.5 Assignment. You may not assign or transfer your rights or obligations under these Terms or any FEPA without our prior written consent. Slate may assign these Terms without restriction, provided we notify you in writing within ten (10) Business Days. Any attempted assignment in violation of this provision is void.

17.6 Force Majeure. Slate is not liable for any failure or delay in performance due to circumstances beyond our reasonable control, including acts of God, natural disasters, pandemics, war, terrorism, government actions, labour disputes, or infrastructure failures.

17.7 No Agency. Nothing in these Terms creates a partnership, joint venture, employment, or agency relationship between you and Slate. Slate is not your employer.

17.8 Language. These Terms may be translated into other languages for convenience. In the event of any conflict between the English version and any translation, the English version shall prevail.

17.9 Electronic Communication. You consent to receiving communications from Slate electronically, including by email and through the Slate Platform. You agree that all agreements, notices, and other communications provided electronically satisfy any legal requirement that such communications be in writing.

18. Notices

Notices to you may be sent to the email address associated with your account and will be deemed received 24 hours after sending. Notices to us should be sent to:

Slate Financial Technologies Inc.

1322 West Broadway St Unit 1006

Vancouver, BC V6H 1H2

Canada

Email: [email protected]

19. Complaints and Inquiries

If you have a complaint or inquiry regarding a Future Earnings Purchase Agreement or Slate’s services, please contact:

Slate Financial Technologies Inc.

Attention: Compliance Officer

1322 West Broadway St Unit 1006

Vancouver, BC V6H 1H2

Email: [email protected]

Phone: (778) 653-9468

We will acknowledge receipt of your complaint within two (2) Business Days and provide a substantive response within ten (10) Business Days.

BY SUBMITTING AN APPLICATION OR USING SLATE’S FUTURE EARNINGS PURCHASE SERVICES, YOU ACKNOWLEDGE THAT YOU HAVE READ, UNDERSTOOD, AND AGREE TO BE BOUND BY THESE TERMS AND CONDITIONS.