Last updated: 6 December 2023*

* the effective date is 6 December 2023 unless a later date has been communicated to you by us or one of our approved partners.

1. INTRODUCTION

1.1 These Spend Management Terms are are supplemental to the terms and conditions at, or referenced at, http://www.airwallex.com/us/terms, and any other terms and conditions between you and Airwallex US, LLC (“Airwallex”), its affiliates, and/or their respective bank sponsors or partners, including without limitation pricing terms set forth therein (collectively, the “Customer Agreements”).

2. EXPENSE MANAGEMENT & BILL PAY

2.1 Permissions. Through the Airwallex Platform, the Customer may assign permissions to Authorized Users to:

(a) review and approve Card Transactions made by Cardholders; and/or

(b) review and approve invoices submitted by the Customer’s employees (together, the “Expense Management Permissions”).

2.2 The Customer is responsible for ensuring that any Authorized User that is assigned Expense Management Permissions has the necessary authority to act in such a capacity. Airwallex shall be entitled to rely on actions taken by any Authorized User in accordance with the Expense Management Permissions assigned to them by the Customer and the Customer shall be bound by such actions.

2.3 The Customer may revoke any Expense Management Permissions assigned to an Authorized User by updating the Expense Management Permissions through the Airwallex Platform.

2.4 Expenses. Cardholders may submit receipts or other documentation relating to Card Transactions through the Airwallex Platform for Authorized Users to review in accordance with the Expense Management Permissions.

2.5 Bill Pay. The Customer’s employees may submit vendor invoices through the Airwallex Platform for Authorized Users to review in accordance with the Expense Management Permissions. After reviewing and approving a vendor invoice, an Authorized User can pay the invoice by initiating a Payout in accordance with the Treasury Management Terms.