Important Disclosures

Business Essential Checking Bonus Important Information:

• The window to participate in this promotion begins on April 1, 2026 and ends on April 30, 2026.
• Customers must meet all requirements listed below to receive the $200 bonus.
• This offer cannot be combined with any other Live Oak Bank promotional offer.
• Limit one bonus per promotional period per business and per Tax Identification Number (TIN).
• If multiple accounts or multiple businesses share the same TIN, only one bonus will be paid.
• Who Is Eligible?
  • You are eligible to participate in this promotion if:
    • You open a new Business Essential Checking account.
    • You are a new Live Oak Bank Customer; OR an existing Live Oak Bank customer who does not have an open Business Checking account at the time of account opening.
    • Your new Business Essential Checking account remains open and not restricted at the time the bonus is paid out.
      • Opening of a new account will be subject to approval by Live Oak Banking Company in its sole discretion.
      • Live Oak Bank may deny, withdraw, or withhold the bonus if fraud or suspicious activity is suspected.
  • The following account types do not qualify for this promotion: All other Business Checking accounts, Personal or Business Savings accounts, Certificates of Deposit (CDs), and fiduciary accounts such as trusts.
• How Do I Qualify?
  • You are eligible to participate in this promotion if all the following requirements are met:
    • Account Opening Window
      • The new Business Essential Checking account must be opened between April 1, and April 30, 2026.
    • New Money Funding Requirement
      • The new Business Essential Checking account must be funded with at least $5,000 in New Money no later than 11:59:59 p.m. ET on April 30, 2026.
      • “New Money” means funds deposited from an external financial institution, including external ACH transfers, external wire transfers, mobile check deposits, and mailed checks. Transfers from any Live Oak Bank account — including internal transfers, CD redemptions, checks drawn on another Live Oak account, or proceeds of Live Oak Bank loans — do not qualify as New Money.
      • Multiple deposits may be used to reach the $5,000 New Money requirement. Balances may exceed $5,000; only the average daily balance requirement applies.
    • Balance Maintenance Requirement
      • Beginning May 1, 2026, you must maintain an average daily balance of $5,000 or more in the new Business Essential Checking account for 90 consecutive days.
        • Average daily balance’ is calculated by adding the account’s end-of-day balance for each day in the 90-day qualification period and dividing that total by the number of days in the period; account fees may reduce balances.
      • Failure to maintain required average balance during the 90-day hold period will disqualify the customer for receiving the bonus.
    • FOR EXISTING LIVE OAK BUSINESS SAVINGS CUSTOMERS
      • To confirm that the new Business Essential Checking account is funded with external funds, Customers with an existing Live Oak Business Savings account must maintain their Business Savings balances during the promotion.
      • Businesses with existing Business Savings accounts will have a Benchmark Balance established. The Benchmark Balance is defined as the end-of-day ledger balance in the Business Savings account(s) as of 11:59:59 p.m. ET on March 31, 2026.
      • To remain eligible for the promotion, your combined Business Savings balance must not fall below the benchmark balance from April 30, 2026, through July 28, 2026.
        • This requirement applies only to the Business Savings account(s) and does not affect your checking account activity. Transfers from Live Oak Business Savings into the new Business Essential Checking account do not qualify as New Money.
• How Will I Get Paid?
  • Bonus Payment
    • If all eligibility criteria are met, Live Oak will deposit the $200 bonus into your Business Essential Checking account within 45-days after the qualification period ends – expected no later than September 12, 2026.
    • The account must be open and not restricted at the time of payout.
    • Any promotional payout amount received may be subject to taxation.
• Additional Requirements:
  • Live Oak Bank reserves the right to modify or discontinue this offer at any time without notice.
  • Live Oak Bank may deny or withhold the cash bonus if fraud or suspicious activity is suspected.

Important Information about this Personal Savings Bonus Offer: Customers must meet all of the following requirements to be eligible for the $200 bonus:

New and Existing Customers:

• The promotion begins on March 2, 2026.
• Only one bonus is available per Tax Identification Number (TIN) per promotional period.
• Only personal savings accounts are eligible for the bonus offer. Checking accounts, certificates of deposit (CD) accounts and fiduciary accounts (e.g., trusts) are not eligible for this offer.
• Opening of a new account will be subject to approval by Live Oak Banking Company in its sole discretion.
• A new account must be opened between March 2nd, 2026 and March 31st, 2026 to be eligible.
• A new Live Oak Bank personal savings account must be fully funded with at least $20,000 by 11:59 p.m. Eastern Time on 3/31/2026 to be eligible. If the account is not fully funded with at least $20,000 by March 31st, then it is not eligible for the bonus offer.
• All funding of the new personal savings account must consist of funds originating from an external financial institution to qualify; deposits or transfers originating from an existing Live Oak Bank account (whether personal or business) via internal transfer, CD redemption, check, ACH transfer, wire, or loan proceeds do not qualify for the bonus offer.
• Beginning on the date in March 2026 that the new account attains a balance of at least $20,000, if the balance remains equal to or exceeding $20,000 for 60 consecutive days, then the account will be eligible for the bonus if all other conditions are met. If all eligibility criteria are met, the $200 cash bonus will be deposited to your open, eligible account within 45-days following the expiration of the 60-day period.
• Your new account must not be closed or restricted at the time of payout in order to receive the bonus. Live Oak Bank reserves the right to withdraw or withhold the bonus offer from any customer, with or without notice, if fraud or other suspicious activity is suspected.
• Any promotional payout amounts received may be subject to taxation.

Existing Customers:

• In addition to the other requirements for the bonus offer, existing Live Oak Bank customers must meet of all of the following additional requirements:
  1. Maintain the combined end of day balance across all pre-existing Live Oak Bank Personal Savings accounts at or above the balance held as of March 1, 2026 at 11:59:59 p.m. ET.
  2. Deposit a minimum of $20,000 in new to bank funds—funds transferred from an external financial institution—into the new Personal Savings account opened during the promotional period.
  3. Maintain both of the following for 60 consecutive days, beginning on the date the new account most recently equals or exceeds the $20,000 new to bank balance within the promotion window:
     1. The required existing balance benchmark (as noted in #1 above), and
     2. Maintain a minimum balance of $20,000 in the new Personal Savings account