CFPORTAL/A 0001670254 XXXXXXXX false false Updating Item 7 to reflect current arrangements. Wefunder Portal LLC Wefunder Wefunder.com 81-1942299 1885 MISSION STREET SAN FRANCISCO CA 94103 false 4104 24th Street PMB 8113 San Francisco CA 94114 6282664770 chris@wefunder.com Christopher Andrew Vail Deputy General Counsel December N N Limited Liability Company DE 02-24-2016 N Greg Belote Suzanna Rush Nicholas Tommarello Christopher Vail N N N N N N N N N N N N N N N Y N N N N N N N N N N N N N First Citizens Bank 3003 Tasman Dr. Santa Clara CA 95054 4086547400 Thread Bank 210 East Main Street Rogersville TN 37857 4232722200 Wefunder Portal will charge transaction based fees calculated as a percentage of the entire fundraising round of offerings completed on Wefunder Portal when charged to issuers or calculated as a percentage of an investors commitment if charged to investors. Wefunder Portal will decide prior to each offering what percentage of this transaction based fee will be paid by investors and what percentage will be paid by the issuer. Wefunder Portal may decide to cap investor fees at a certain dollar amount. Wefunder Portal may waive fees for certain issuers or investors. Wefunder Portal may also take an equity position in an issuer in return for reducing the issuers cash transaction fee. Wefunder Portal may also charge the following fees: - Documentation fee for custom documentation charged to issuers - Form C filing fee charged to issuers Associated persons APs of Wefunder Portal may receive salaries and or bonuses. They will not receive transaction based compensation. Compensation to Wefunder Portal and to APs will be clearly disclosed to investors and issuers. 06-30-2023 Wefunder Portal LLC Suzanna Rush President Belote, Greg, Hughes NP CTO 02/2016 NA Y 006191905 Wefunder Inc. DE 100% owner 02/2016 NA Y Rush, Suzanna, Joan NP President 07/2022 NA Y 007409663 Vail, Christopher, Andrew NP Chief Compliance Officer 03/2023 NA Y 007710545 Belote, Greg, Hughes NP A CTO 02/2016 NA Y 006191905 Wefunder Inc. DE A 100% owner 02/2016 NA Y Rush, Suzanna, Joan NP A President 07/2022 NA Y 007409663 Vail, Christopher, Andrew NP A Chief Compliance Officer 03/2023 NA Y 007710545 INITIAL 5-E(2) Applicant (the funding portal) SRO FINRA Civil and Administrative Penalty(ies)/Fine(s) 01-01-2021 Explanation FINRA initiated the action via a variety of requests received over the course of 2021 and 2022. 2021071940801 Other Equity and debt securities in unlisted companies (crowdfunding) Equity and debt securities in unlisted companies (crowdfunding) FINRA alleged various violations of crowdfunding and FINRA rules related to concurrent securities offerings, reconciliation of investor funds, marketing materials, and supervisory systems. Final Acceptance, Waiver & Consent (AWC) 04-14-2022 Exact Monetary/Fine 1500000.00 The action is fully resolved as of December 2022.