THE FOLLOWING ARE THE OFFICIAL CONTEST RULES (“RULES”) APPLICABLE TO THE
LENDIO SMALL BUSINESS GRANT CONTEST (“CONTEST”) AND CONTESTANTS
(“CONTESTANTS”). CONTEST IS ONLY OPEN TO LEGAL RESIDENTS OF THE UNITED
STATES OR THE DISTRICT OF COLUMBIA WHO ARE 18 YEARS OF AGE OR OLDER AT
THE TIME OF ENTRY AND MEET THE ELIGIBILITY REQUIREMENTS UNDER SECTION 3
BELOW. VOID WHERE PROHIBITED. CONTEST IS SPONSORED BY LENDIO, INC.
(“SPONSOR”), 4100 CHAPEL RIDGE RD, STE 500, LEHI UT 84043.
1. CONTEST PERIOD: Contestants must enter no later than 11:59pmMST July 5,
2020 (“Contest Deadline”) to participate in the Contest. Contest Deadline is
followed by a judging phase (“Judging Phase”), which begins July 6, 2020.
2. HOW TO ENTER: Sponsor utilizes Boast.io, a content collection and management
platform to collect and process data related to entry submissions. By submitting
an entry, you are agreeing to Boast’s ​Submitter Terms of Service.
a. To enter, Contestant must complete the following:
i. Visit ​www.​lendio.com/business-grants​ (“Website”) and complete
an Application, including the submission of a video story of your
business, following instructions provided.
ii. Contestant must share a post about their experience with Sponsor
on one of the following social platforms: Twitter, Instagram,
Facebook, or LinkedIn, using the specific campaign hashtag
#LendioSmallBusinessGrants

b. Completion of Section 2.a shall constitute one (1) entry (“Entry” or
“Entries”) into the Contest. ​Contestants may only submit one Entry per
legal entity. Multiple Entries will not be accepted.
c. Entry must be submitted in English, except that textual material in a
language other than English will be accepted if accompanied by an English
translation of that text.
d. Entry submitted by alternate means or methods will not be accepted.
3. ELIGIBILITY. To participate in the Contest:
a. Contestant must have used Sponsor to apply for a Paycheck Protection
Program Loan in accordance with the CARES Act of 2020 (“PPP Loan”).
b. PPP Loan referenced to Section 3(a) must be approved and funded at the
time of Entry submission.

c. Contestants must meet all entry requirements set forth in Section 2. To be
eligible to win a Prize (as defined in Section 7), contestants must meet the
additional prize eligibility requirements set forth ​in Section 7.
d. Contestants must comply with Sponsor’s Terms and Conditions
(​https://www.lendio.com/agreements/terms-of-use/​) , Privacy Policy
(​https://www.lendio.com/agreements/privacy-policy/​), and these Rules.
e. Contestants must own or have access to, at their own expense, a
computer, an internet connection, and any other electronic devices,
documentation, software, or other items that Contestants may deem
necessary to create an Entry as described in Section 2.
f. Each Contestant represents and warrants that he or she is duly authorized
to act on and make an Entry.
g. Those ineligible to participate: The following individuals (including
individuals participating as part of a legal entity) are not eligible regardless
of whether they meet the criteria set forth above:
i. Any individual under the age of 18 at the time of submission; Any
individual who employs any of the Contest Judges (as defined
below) as an employee or agent; Any individual who owns or
controls an entity for whom a Contest Judge is an employee,
officer, director, or agent; Any individual who has a material
business or financial relationship with any Contest Judge; Any
individual who is a member of any Contest Judge’s immediate
family or household; Any employee, representative or agent of the
Sponsor and all members of the immediate family or household of
any such employee, representative, or agent.

h. Any Entry that is deemed by the Sponsor, in its sole discretion, to be
offensive, immoral, obscene, profane, defamatory, not in keeping with the
image of the Sponsor, or in violation of these Rules, will be void.

4. LICENSE/USE OF ENTRY:
a. By submitting an Entry to the Contest, Contestant grants to Sponsor a
copy of his or her Entry, a non-exclusive, irrevocable, royalty-free and
worldwide license to use, copy, modify, merge, publish, or distribute the
Entry, any information and content submitted by the Contestant, and any
portion thereof. Contestant further grants to the Sponsor the right to
display the Entry on the Internet or any other media. The Contestant
agrees that the foregoing constitutes a condition of the Contestant’s
participation in the Contest, and that the Contest is not a request for, or
acquisition of, any property or service.

b. Participation in the Contest constitutes consent to the use by the Sponsor,
and any other third parties acting on their behalf, of the Contestant’s name
(and, as applicable, those of all other members that participated in the
Entry) for promotional purposes in any media, worldwide, without further
payment or consideration. Furthermore, Contestant grants consent that
their likeness, photograph, voice, opinions, comments, and any additional
information or material included in the Entry (and, as applicable, those of
all other members that participated in the Entry) may be used for the
Sponsors’ promotional purposes. In addition, Sponsor reserves the right to
make any disclosure required by law.

5. JUDGING, FINALIST SELECTION, AND WINNER DETERMINATION:
a. Judging Phase will begin July 6, 2020. The Sponsor reserves the right to
substitute or modify the judging panel, or extend or modify the Judging
Phase, at any time for any reason.
b. Contestants will be judged by a panel of judges assembled by Sponsor
(“Contest Judges”). Contest Judges selected are at the sole discretion of
the Sponsor. Contest Judges are required to remain fair and impartial.
c. Contest Judges will score (“Score”) each eligible Entry based on the
following judging criteria (“Judging Criteria”):
i. Business impact (maximum 40 points)
ii. Community impact (maximum 40 points)
iii. Quality (maximum 10 points)
iv. Creativity (maximum 10 points)
d. Based on Score, the highest scoring 23 Contestants will each be eligible to
be a qualifying recipient (“Winner”) of a Prize, as defined in Section 7 (“Prize
and Prize Eligibility”).
e. In the event of a tie, Sponsor will bring in a tie-breaking Contest Judge to
apply the same Judging Criteria to determine the winner.
f. If you wish to receive a copy of your Score, you may submit a written
request to​ ​[email protected]​.
g. Contestant’s likelihood of winning will depend on the number and quality
of all of the Entries, as determined by the Contest Judges using the criteria
in these Rules.
6. WINNER NOTIFICATION:
a. Within five (5) business days of the conclusion of the Judging Phase,
Winners will be notified by email provided at the time of Entry.
b. At Sponsor’s sole discretion, Winners will be listed on Sponsor’s website
and social media.

7. PRIZE AND PRIZE ELIGIBILITY: ALL PRIZE AWARDS ARE SUBJECT TO SPONSOR
VERIFICATION OF THE WINNER’S IDENTITY, ELIGIBILITY, AND ENTRY. THE
SPONSOR’S DECISIONS ARE FINAL AND BINDING IN ALL MATTERS RELATED TO
THE CONTEST.
a. Winners will be ranked in order of highest Score. For the sake of clarity,
“Winner 1” will be awarded the highest Prize, and “Winner 23” will be
awarded the lowest Prize.
b. A total number of 23 Prizes will be awarded.
i. Winner 1: $50,000 USD
ii. Winner 2-3: $25,000 USD
iii. Winner 4-8: $10,000 USD
iv. Winner 9-18: $5,000 USD
v. Winner 19-23: 2 Months of Sponsor’s Sunrise Bookkeeping Service
1. Sunrise Service Plan level will be identified based on
business needs for Winner.
2. A valid credit card will be required at the time of activation.
3. At the conclusion of the 2 Month Prize period, Sunrise
bookkeeping service will automatically renew at monthly
rate, based on plan selection, until canceled by Winner.
4. At Winner request, Prize may be substituted for a cash-prize
of $1,000 USD.

c. At the sole discretion of the Sponsor, a Contestant forfeits any Prize if:
i. Within five (5) business days from the date of Winner notification,
Contestant does not return all required documentation requested of
Sponsor or refuses the Prize.
ii. The Entry of the Winner is disqualified for any reason.
d. In the event of a disqualification, the Sponsor, at its sole discretion, may
award the applicable Prize to an alternate Contestant.

8. USE OF PRIZE FUNDS:
a. Winner agrees they will not will not use funds for the purpose of i)
tobacco, vaping and related products; ii) Recreational drugs or unsafe
supplements; iii) weapons, ammunition, or explosives; iv) third-party
financial services such as payday loans, paycheck advances, or bail
bonds; v) adult products or services; vi) social issues, elections or politics;
vii) state lotteries viii) gambling or real-money gambling; ix) religious
advertising; x) alcohol; xi) illegal products or services; or xii) any use of
funds that would violate applicable laws, including bribery, an illegal
kickback, illegal campaign contribution, and any applicable anti-corruption,
economic sanctions, or other laws.

9. TAX IMPLICATIONS:
a. To the fullest extent allowable under applicable law, all taxes (including
without limitation, national, federal, state, provincial, territorial, and/or
local taxes, as well as any interest, penalties, and additions to tax), as well
as any expenses arising from acceptance or use of Prize are your sole
responsibility. Prior to receiving any Prize, you will provide to Sponsor a
properly completed IRS Form W-9. Failure to supply a completed form will
result in forfeiture of Prize.
10.GENERAL CONDITIONS:
a. Sponsor reserves the right, in its sole discretion, to cancel, suspend, or modify
the Contest, or any part of it, with or without notice to the Contestants, if any
fraud, technical failure, or any other unanticipated factor or factors beyond
Sponsor’s control impairs the integrity or proper functioning of the Contest or for
any other reason. The Sponsor reserves the right at its sole discretion to
disqualify any individual or Contestant that the Sponsor finds to be tampering
with the entry process or the operation of the Contest, or to be acting in violation
of these Rules or in a manner that is inappropriate, not in the best interests of this
Contest, or in violation of any applicable law or regulation.
b. Failure to enforce any term of these Rules does not constitute a waiver of that
term. The sponsor is not responsible for incomplete, late, misdirected, damaged,
lost, illegible or incomprehensible Entries or for address or email address
changes of Contestants. Proof of sending or submitting is not proof of receipt by
Sponsor.
c. In the event of any discrepancy or inconsistency between these Rules and
disclosures or other statements contained in any Contest materials, including but
not limited to the Contest Website, Sponsor Website, print or online advertising,
the terms and conditions of the Rules shall prevail.
d. NON-AFFILIATION. Contest is in no way sponsored, endorsed, administered by
or associated with Facebook, Instagram, Twitter, or LinkedIn.
e. ALL RIGHTS RESERVED. All intellectual property related to this Contest,
including but not limited to trademarks, trade names, logos, designs, promotional
materials, web pages, source codes, drawings, illustrations, slogans, and
representations are owned or used under license by Sponsor. Unauthorized
copying or use of any copyrighted material or intellectual property without the
express written consent of the relevant owner(s) is strictly prohibited.
f. LIMITATION OF LIABILITY:
i. Incidental Damages and Aggregate Liability. IN NO EVENT WILL
SPONSOR BE LIABLE FOR ANY INCIDENTAL, SPECIAL,
CONSEQUENTIAL OR INDIRECT DAMAGES ARISING OUT OF OR
RELATING TO THE USE OR INABILITY TO PARTICIPATE IN THE
CONTEST, INCLUDING, WITHOUT LIMITATION, DAMAGES FOR
LOSS OR CORRUPTION OF DATA OR PROGRAMS, SERVICE

INTERRUPTIONS AND PROCUREMENT OF SUBSTITUTE SERVICES,
EVEN IF SPONSOR KNOWS OR HAS BEEN ADVISED OF THE
POSSIBILITY OF SUCH DAMAGES. UNDER NO CIRCUMSTANCES
WILL SPONSOR’S AGGREGATE LIABILITY, IN ANY FORM OF
ACTION WHATSOEVER IN CONNECTION WITH THIS CONTEST,
EXCEED THE AMOUNT OF $25.00 USD OR ITS EQUIVALENT.
ii. No Liability for non-Sponsor Actions. TO THE MAXIMUM EXTENT
PERMITTED BY LAW, IN NO EVENT WILL SPONSOR BE LIABLE FOR
ANY DAMAGES WHATSOEVER, WHETHER DIRECT, INDIRECT,
GENERAL, SPECIAL, COMPENSATORY, CONSEQUENTIAL, AND/OR
INCIDENTAL, ARISING OUT OF OR RELATING TO THE CONDUCT OF
YOU OR ANYONE ELSE IN CONNECTION WITH THE CONTEST.
g. DISPUTE RESOLUTION: In the interest of resolving disputes between
Contestant and Sponsor in the most expedient and cost-effective manner,
Contestant and Sponsor agree to resolve disputes through binding arbitration
instead of in courts of general jurisdiction (“Agreement to Arbitrate”). Arbitration is
more informal than a lawsuit in court. Arbitration uses a neutral arbitrator instead
of a judge or jury, condenses discovery, and is subject to very limited review by
courts. Arbitrators can award the same damages and relief that a court can
award. Any arbitration under these Rules will take place on an individual basis;
class arbitrations and class actions are not permitted. Contestant acknowledges
and agrees that the arbitrator may award relief (including monetary, injunctive,
and declaratory relief) only in favor of the individual party seeking relief and only
to the extent necessary to provide relief necessitated by that individual party’s
claim(s). Any relief awarded cannot affect other users. CONTESTANT
UNDERSTANDS THAT BY ENTERING INTO THIS CONTEST, CONTESTANT
AND SPONSOR ARE EACH WAIVING THE RIGHT TO A TRIAL BY JURY OR
TO PARTICIPATE IN A CLASS ACTION.
i. Claims To Be Resolved By Binding Arbitration. Contestant and Sponsor
agree to arbitrate all disputes and claims between Contestant and
Sponsor. This agreement to arbitrate is intended to be broadly
interpreted. It includes, but is not limited to: claims arising out of or
relating to any aspect of the relationship between Contestant and
Sponsor, whether based in contract, tort, statute, fraud,
misrepresentation, or any other legal theory; claims that arose before this
or any prior Rules; claims that are currently the subject of purported class
action litigation in which Contestant are not a member of a certified class;
and claims that may arise after the termination of these Terms.
ii. Exceptions. Notwithstanding Section 10(f)(i), Contestant and Sponsor
agree that no statement herein shall be deemed to waive, preclude, or
otherwise limit either party’s right to (i) pursue enforcement actions
through applicable federal, state, or local agencies where such actions
are available; (ii) seek injunctive relief in any competent court of law; or

(iii) to file suit in a court of law to address intellectual property
infringement claims.
iii. Arbitrator. Any arbitration between Contestant and Sponsor will be
governed by the Commercial Dispute Resolution Procedures and the
Supplementary Procedures for Consumer Related Disputes (collectively,
“AAA Rules”) of the American Arbitration Association (“AAA”), as modified
by these Terms, and will be administered by the AAA. The AAA Rules
and filing forms are available online at www.adr.org, by calling the AAA at
1-800-778-7879.
iv. Notice and Process. A party who intends to seek arbitration must first
send to the other, by certified mail, a written Notice of Dispute (“Notice”).
The Notice to Sponsor should be addressed to: Lendio, Inc., 4100 Chapel
Ridge Road, Suite 500, Lehi, UT 84043 (“Notice Address”). The Notice
must (a) describe the nature and basis of the claim or dispute; and (b) set
forth the specific relief sought (“Demand”). If Contestant and Sponsor do
not reach an agreement to resolve the claim within 30 days after the
Notice is received, Contestant and Sponsor may commence an arbitration
proceeding.
v. Fees. In the event that Contestant commence arbitration in accordance
with these Rules, Sponsor will, at Contestants request, reimburse
Contestant for Contestants payment of the arbitration filing fee, unless
Contestants claim is for greater than $10,000, in which case the payment
of any fees shall be decided by the AAA Rules. Any request for payment
of fees by Sponsor should be submitted by mail to the AAA along with
Contestant’s Demand for Arbitration and Sponsor will make arrangements
to pay all necessary fees directly to the AAA. In the event the arbitrator
determines the claim(s) Contestantant assert in the arbitration to be
frivolous or brought for an improper purpose (as measured by the
standards set forth in Federal Rule of Civil Procedure 11(b)), Contestant
agree to reimburse Sponsor for all fees associated with the arbitration
paid by Sponsor on Contestant’s behalf that Contestant otherwise would
be obligated to pay under the AAA’s Rules.
If Contestant’s claim is for $10,000 or less, Contestant may choose
whether the arbitration will be conducted solely on the basis of documents
submitted to the arbitrator, through a non-appearance based telephonic
hearing, or by an in-person hearing as established by the AAA Rules.
Any in-person arbitration hearings will take place at a location to be
agreed upon in Salt Lake County, Utah. Regardless of the manner in
which the arbitration is conducted, the arbitrator shall issue a reasoned
written decision sufficient to explain the essential findings and conclusions
on which the decision and award, if any, are based. The arbitrator may

make rulings and resolve disputes as to the payment and reimbursement
of fees or expenses at any time during the proceeding and upon request
from either party made within 14 days of the arbitrator’s ruling on the
merits.

h. No Class Actions. Unless both Contestant and Sponsor agree otherwise, the
arbitrator may not consolidate more than one person’s claims, and may not
otherwise preside over any form of a representative or class proceeding.
CONTESTANT AND SPONSOR AGREE THAT EACH MAY BRING CLAIMS
AGAINST THE OTHER ONLY IN CONTESTANT’S OR SPONSOR’S
INDIVIDUAL CAPACITY AND NOT AS A PLAINTIFF OR CLASS MEMBER IN
ANY PURPORTED CLASS OR REPRESENTATIVE PROCEEDING.