Utility Savings Service Agreement

What is the Utility Savings Service?

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The Utility Savings Service is a feature that allows Currents to monitor your utility rates and automatically switch you to better rates when available. We negotiate with energy suppliers on your behalf to secure the best possible rates for your electricity service.

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How Utility Savings Works

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• We monitor your utility accounts and rates continuously
• When better rates become available, we automatically switch your service
• You continue to receive service from your existing utility company
• Your bills may come from a new supplier, but your utility company still handles delivery and service issues
• There is zero downtime during the switching process

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Opt-In for Utility Savings Service

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The Service includes an optional Utility Savings management feature (the "Utility Savings Service"). By default, you do not have any obligation to use the Utility Savings Service, and your general use of the Currents platform is governed by the other terms in this Agreement.

However, if you choose to enroll in the Utility Savings Service (for example, by checking the relevant box or clicking "I Agree" to the Utility Savings Terms within your dashboard), you agree to be bound by the Utility Savings-related terms described below (the "Utility Savings Terms"). If you do not enroll in the Utility Savings Service, then the Utility Savings Terms do not apply to you.

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Shared Savings Model and Fee Structure

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Pricing and Fees for Utility Savings Service

• We operate under a Shared Savings model
• For every dollar we save you, we take twenty cents (20% of your savings)
• No upfront costs or monthly fees
• If you don't save money, the service is free

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Our Savings Guarantee

We stand behind our service with a strong guarantee. If we accidentally switch you to a plan that is more expensive than your previous rate, we will cover the cost difference. This means you'll never pay more as a result of our service - we assume all the risk of rate changes to ensure you only benefit from our utility optimization.

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How We Calculate Savings

After making a switch to a new supplier, we calculate your savings by comparing the new price to your "savings baseline rate," which is determined as follows:

• During the first 3 months after you sign up: Your savings baseline rate is your previous supplier's rate
• After 3 months from sign-up: Your savings baseline rate becomes the lesser of your previous supplier's rate or the utility's standard baseline rate

This approach is designed to benefit you in two ways. First, if you came to us with a particularly high rate, we can capture significant savings for you in the first 3 months. After that period, we reset your baseline to a lower rate, which means we'll charge you less for our service going forward while still working to find you the best possible rates.

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Payment Terms for Utility Savings Service

• You will only be charged when we successfully save you money
• Charges are processed after savings are verified on your utility bills
• Payment is made via the payment method you've designated in your account
• You can view your savings and our fees in your Currents dashboard
• If payment fails and we make reasonable attempts to collect payment without success, we reserve the right to cancel your account and discontinue our service. In such cases, you will be responsible for managing your own utility supplier relationships going forward

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Expected Savings

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• Typical savings are 15-30% off your power bill
• Depending on your property size and usage, you can save hundreds to thousands of dollars per year
• Savings typically begin within the first couple of billing cycles (about a month) after signup

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Customer's Rights and Consent

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• You maintain full control over your utility accounts
• We only manage the rate optimization and switching process
• Your utility company continues to be responsible for service reliability, outages, and other issues
• You may cancel this agreement with 30 days' written notice
• Cancellation requires notification to Currents

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Renewable Energy Options

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We support 100% renewable energy on an opt-in basis. Because the cost of clean energy is variable, often more expensive, and may not have a baseline reference rate with your utility, we charge either 20% of savings per our typical Shared Savings model, or 6% of monthly supply spend (the fraction of your bill Currents can affect), whichever is larger.

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Termination of Utility Savings Service

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The Customer may terminate or cancel this Agreement with 30 days' written notice, at any time and for any reason, so long as written notice of such cancellation or termination is made to Currents. The Company may also terminate this Agreement with 30 days' written notice if there is non-compliance with the terms or changes in market or regulatory conditions.

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Representations and Warranties for Utility Savings Service

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The Customer represents and warrants that they are the rightful account holder of the utility accounts enrolled in the service and have full authority to enter into this Agreement. Currents Energy does not guarantee specific savings amounts as market conditions and rates fluctuate.

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Governing Law

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This Agreement shall be governed by and construed in accordance with the laws of the states of Delaware and California, without regard to conflicts of law principles.

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Relationship to General Terms

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This Utility Savings Service Agreement is supplemental to the General Terms of Service. In the event of any conflict between this Utility Savings Service Agreement and the General Terms of Service, the terms of this Utility Savings Service Agreement shall prevail with respect to the Utility Savings Service only.

End of Utility Savings Service Agreement.