Key Definitions:

Account: an investor account on PeerStreet.com.

Referrer: an individual, trust, or company with an existing accredited Account who refers an individual, trust and/or company to sign up for an Account.

Referee: a person who was referred by a Referrer.

Yield Bump Token: a 1% increase on a single manual investment made by a PeerStreet investor.  

Attribution and New Accounts:

    • Attribution:
      • Referee must be attributed to Referrer in one of the following ways:
          • Referee signs up for an Account using the invite link from Referrer; or
        • Referee alerts PeerStreet of their Referrer’s name and email address within 30 days of signing up for an Account.
  • New Accounts:
      • Each Account must have a unique SSN or TIN in order to be considered as separate Account for purposes of attribution to Referee or to Referrer (for example, setting up an IRA account when a person already has an individual taxable investment account would not result in attribution of an additional Account to Referee or to Referrer).
      • Referrer and Referee must not be the same person.
    • Referee must have created an Account through which Referee makes a deposit on the PeerStreet platform and only one Yield Bump Token will be granted for any single Referee’s Account.

Yield Bump Tokens:

    • There is no limit to the number of Yield Bump Tokens a Referrer can be awarded from Referee accounts that have been funded.
    • Transfer of Yield Bump Tokens is permitted between accounts of the same user (same SSN), but is otherwise prohibited.
    • The Yield Bump Token will be applied to the first manual investment made after a Yield Bump Token is awarded to the respective Account of the Referrer or Referee and no more than one Yield Bump Token may be used per loan offering.
  • Fair Use Policy:
    • Yield Bump Tokens are subject to a fair use policy which gives PeerStreet the right to review each and every referral and grant or deny the credit and use of Yield Bump Tokens in its sole discretion.

This program (the “Program”) may be modified, suspended or cancelled at any time.  The Yield Bump Tokens have no cash value and may not be used to repay other obligations to PeerStreet or anyone else. Neither the Referrer nor the Referee have any property rights or other legal interests in the Yield Bump Tokens accrued through the Program, and such Yield Bump Tokens may not be transferred (including any transfer upon death or as part of a domestic relations matter), assigned, bartered, bought, or sold.  Yield Bump Tokens are not exchangeable, refundable or redeemable for cash. Yield Bump Tokens accrued through the Program may be redeemed solely on manual investments made through Accounts under the terms and conditions set forth herein. No other person, including, without limitation, any trustee, administrator, executor or heir, may claim the Yield Bump Tokens on behalf of any Referrer or Referee.  If an Account is closed for any reason, the corresponding Referrer or Referee will no longer be able to accrue Yield Bump Tokens in such Account and all accrued Yield Bump Tokens not claimed and redeemed for that Account will be forfeited. At the time of Yield Bump Token redemption, the corresponding Account must be in good standing.  PeerStreet may run promotions from time to time with respect to the Program, the terms of which may differ from the terms stated herein.  The Program is void or subject to restrictions based upon applicable law.

SECOND PROMOTION (limited time period beginning May 12, 2017)
For a limited time, in addition to the existing Program and the Promotion, PeerStreet will be running a second promotion (the “Second Promotion”).  All above rules of the Program will apply to the Second Promotion, in addition to the following rules which apply to the Second Promotion only.  To the extent that the Second Promotion rules conflict with Program rules, the Second Promotion rules control.

Second Promotion Rules

If a Referrer uses this link http://www.peerstreet.com/join?ref=1tnupvu, Referrer will receive zero Yield Bump Tokens and Referee will receive two Yield Bump Tokens.