Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
PROSPER MARKETPLACE, INC entered into Third Amendment to the First Amended and Restated Program Agreement with Coastal Community Bank valued at Reduces program fee, extends term to December 31, 2027, grants exclusivity rights, increases receiva (effective 2025-12-31).
- Action
- entry
- Counterparty
- Coastal Community Bank
- Value
- Reduces program fee, extends term to December 31, 2027, grants exclusivity rights, increases receiva
- Effective
- 2025-12-31
Exact text from the filing
On December 31, 2025, Prosper Marketplace, Inc. (the “Company”) entered into a Third Amendment (the “Third Amendment”) to the First Amended and Restated Program Agreement dated August 16, 2023 (as further amended and restated, the “Agreement”) with Coastal Community Bank (“Coastal”), that governs the Company’s partnership with Coastal through which eligible consumers are extended unsecured credit through Prosper-branded credit cards. Defined terms used herein and not defined shall have the meaning set forth in the Agreement. The Third Amendment, among other things, reduces the program fee paid by the Company to Coastal, extends the term of the Agreement through December 31, 2027, and grants Coastal certain exclusivity rights subject to the terms and conditions set forth therein.
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