Terms:

 

1. Spend is your total monthly Accrew Card transaction amount for all transactions occurring in a calendar month, less all transactions that have been successfully disputed, refunded, or reversed during a calendar month or prior month. Transactions do not include any ATM withdrawals or deposits.

2.       +1UP is the first Owner Rewards tier, when you spend over $400 on an Accrew card in a calendar month, you will receive 30% of your contributed Profits. 

3.       +2UP is the second Owner Rewards tier, when you spend over $800 on an Accrew card in a calendar month, you will receive 60% of your contributed Profits. 

4.       Boosted status is when you have a 1UP or 2UP status and have successfully invited 1 or more new members to Accrew. For every successful invite, you will receive 40% of the average member’’s contributed Profits (total Profits / total active Accrew members).

5. Successful Invite is defined as a new member who receives an invite link, signs up to become an Accrew member, and spends at least $400 on their Accrew cards during their lifetime membership. Terms on a successful invite may change based on profitability and members will be notified of any changes 30 days in advance.

6. Profits is at least 90% of Accrew’s Net Income with the remaining percentage used for growth of Accrew. All the Profits will be transferred to the Profit-Sharing Pool or Accrew LLC account on Accrew’s banking platform. If Accrew is not profitable, it will distribute at least 20% or up to 50%  of members’ total net interchange revenue to the profit-sharing pool or Accrew LLC account. Members will be notified of any changes 30 days in advance.

7. Profit-Sharing Pool is defined as the Profits (≥90% of Accrew’s Net Income or 20%-50% of members’ net interchange, whichever is greater) transferred to the Accrew LLC account on Accrew’s Banking Platform.

8. Shares are issued to you monthly based on your accumulated Profits in a given month and the number of Total Shares Issued in a given month to members. The number of shares you will receive each month is calculated as (your Profits in a month ÷ total Accrew Profits in a month x Total Shares Issued in a month).

9. Total Shares Issued in a given month to all members will be the number of shares exchanged or redeemed for cash the previous month by members. If for some reason, no shares are exchanged/redeemed the previous month by members, Accrew will issue 500,000 shares the following month. Subsequently, when members exchange or redeem their shares that month, Accrew will keep 500,000 of the shares exchanged. This mechanism is designed to create liquidity in the Shares Issued while keeping the number of Total Current Shares Outstanding static at 40 Million.

10. Shares Exchange allows you the ability to exchange your Accrew Shares for a percentage of the Profit-Sharing Pool, distributed as a cash payment to your Accrew checking account at any time. The cash payment is calculated as (your shares exchanged ÷ Total Current Shares Outstanding x Current Profit-Sharing Pool).

11. Total Current Shares Outstanding is calculated as (Total Shares Issued - Total Shares Exchanged/Redeemed). Accrew aims to keep this number at 40 Million, and when the Accrew Profits increase over time while the number of shares outstanding stays the same, the Accrew shares will appreciate or the price/share will increase.

12. Estimated Values may vary based on the rate of members redeeming Shares and the growth of Accrew. The Estimated Values calculated above assumes, collectively members will redeem 72% of their Shares for cash along with Accrew reaching 5,000 members in the 1st year, 25,000 members in the 2nd year, 100,000 members in the 3rd year, 500,000 members in the 4th year, and 2,000,000 members in the 5th year.

 

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