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Lexvor Connect Network

Lexvor Connect Network - Terms and Conditions

1. Token Rewards:

a. Earning Tokens: Owners of Lexvor Modems and/or Small Cells are entitled to earn tokens for each device connected to their equipment and using data. Tokens are earned based on the volume of data transmitted and received by each connected device.

 

The token accrual rate is calculated per gigabyte of data usage.

b. Redemption Options: These tokens can be redeemed for USD cash, bill credits applied towards future Lexvor service bills, ACH bank transfer directly to the owner's bank account, or cryptocurrencies such as USDC or USDT.

c. Fees and Taxes: Owners are responsible for any fees or taxes associated with bank transactions or conversion rates during the token redemption process. This includes any transaction fees charged by financial institutions or cryptocurrency exchanges, as well as any taxes imposed on redeemed rewards according to local regulations.

2. Tax Reporting:

a. 1099 Form Issuance: Lexvor Builders who accrue a value in U.S. dollars exceeding $500 in a fiscal year will be issued a 1099-K for tax purposes and reporting. This form will include the total value of tokens earned and redeemed during the tax year, as well as any applicable transaction fees or taxes paid.

b. Documentation Requirements: Lexvor Minors and individuals receiving crypto payments in USDC or USDT must provide all necessary documentation before their first payout. This documentation may include government-issued identification, proof of address, and tax identification numbers, as required by local regulations.

3. Modem and/or Small Cell Ownership:

a. Unlimited Ownership: Lexvor Modem and/or Small Cell Owners enjoy the flexibility of owning and operating an unlimited number of devices without any restrictions. Owners are free to deploy their equipment in any location where Lexvor services are available, subject to local regulations and agreements.

4. User Payout Limits:

a. Capped Payouts: Users connecting to Modem and/or Small Cell are subject to a maximum payout of $20,000 per month per device. This payout cap ensures fair distribution of rewards among users and prevents excessive payouts for high-volume users.

b. Variable Payouts: Payouts per connection are based on user Modem and/or Small Cell usage history. The determination is made using Cloud management, user MAC ID, and MAC Addresses. This allows for customized payouts tailored to each user's data usage patterns, ensuring that rewards accurately reflect their contribution to the network.

5. Payment Methods:

a. Irreversible Choices: Once a Modem and/or Small Cell Owner has selected a payment method and has received payment, no changes can be made to the chosen method. Owners are responsible for ensuring that their payment information is accurate and up-to-date to avoid any payment processing issues.

b. Payment Rejection Policy: Lexvor is not responsible for reattempting payments if the initial payment is rejected or lost due to fraudulent information, incorrect bank details, or missing account information. Owners are encouraged to double-check their payment information before requesting a payout to avoid any delays or issues with payment processing.

6. Network Access:

a. Approved MAC ID Requirement: Users must access the Lexvor Connect Network using a Valid and Approved MAC ID. This ensures that only authorized devices are allowed to connect to the network, enhancing security and preventing unauthorized access.

b. SSID Password Sharing Policy: Sharing the Lexvor SSID password without an approved MAC ID will result in denied network access, irrespective of the correctness of the information provided. This policy helps prevent unauthorized users from accessing the network and ensures that only authorized users can benefit from Lexvor's services.

7. Example Payouts:

a. Earnings Scenarios: Provided examples illustrate potential earnings for Modem and/or Small Cell Owners based on the number of connected users and their respective data usage levels. These scenarios help owners understand how their earnings are calculated and how different factors, such as user volume and data consumption, can impact their rewards.

8. Responsibility and Damages:

a. Liability: Lexvor holds no responsibility for damages caused by the Modem and/or Small Cell in the owner's individual place of ownership or establishment. Owners are responsible for ensuring that their equipment is installed and maintained properly to prevent any damage to property or harm to individuals.

b. Deactivation Impact: Modem and/or Small Cell Owners will not earn token rewards for months when the Modem and/or Small Cell is deactivated or not connected to a robust internet source. This ensures that rewards are only earned when the equipment is actively contributing to the network and providing valuable services to users.

9. Cash Out:

a. Frequency: Modem and/or Small Cell Owners are allowed to cash out twice a month. This provides owners with flexibility in managing their earnings and accessing their rewards in a timely manner.

b. Minimum Requirement: There is a minimum cash-out requirement of $100 USD in token value. If a user falls below this threshold, additional tokens must be earned before cashing out. This minimum requirement helps streamline the payout process and ensures that payouts are processed efficiently for owners who have accrued a sufficient balance.

10. Plan Cancellation:

a. Address Requirement: In the event of plan cancellation, Modem and/or Small Cell Owners must provide a valid mailing address, subject to information accuracy policies. This ensures that owners can receive any remaining rewards or payments owed to them after their plan is canceled.

11. Check Expiry:

a. Reissuance Policy: If a check remains uncashed for 180 days, Lexvor, upon user request, will send another cashier's check to the Modem and/or Small Cell Owner's specified location. This policy helps prevent owners from losing out on their rewards due to lost or expired checks, ensuring that they can receive their payments in a timely manner.

12. Account Suspension:

a. Lexvor's Authority: Lexvor reserves the right to cancel, change, or suspend any owner's account in the event of discovering token earnings through fraud, criminal, or deceptive activities. This policy helps maintain the integrity of the token rewards program and ensures that rewards are distributed fairly to legitimate users.

13. Program Changes:

a. Flexibility: Lexvor retains the right to alter, change, modify, or cancel its token rewards program at any time without prior notice. This allows Lexvor to adapt the program to changing market conditions, user feedback, or regulatory requirements, ensuring that the program remains effective and sustainable in the long term.

14. Payout Information:

a. Required Details: Information required for payouts includes valid first and last names, address, Federal Tax ID number, valid social security number, and bank account routing and account number. This information is necessary to process payouts accurately and securely, and to comply with legal and regulatory requirements.

b. Information Handling: This sensitive information will be provided to Lexvor's merchant partner for quality assurance, and Lexvor will not directly store any of this information. Lexvor takes data privacy and security seriously and implements measures to protect users' personal information from unauthorized access, use, or disclosure.

15. Surge Bonus

Surge bonuses payouts are payouts provided to Network Host that reach a threshold of concurrent connections per month.

If the Host goes under the threshold at any point for the month, they will not receive the bonus.

Example of Surge Bonus : Network Host maintains 150 connection for the entire month (30 consecutive days).

Example of Non Surge Bonus qualifier : Network Host maintains 150 connections for only 15 days for the entire month.

16. Surge Bonus Thresholds

Surge bonus thresholds are set by tiers :

X 1 = 100 Users or Less (.05 per token)

X 2 = 100 - 150 Users  (0.10 per token)

X 3 = 150 - 250 Users (0.15 per token)

X 4 = 250  Users and up (0.20 per token)

Influencer Tiered Bonuses

X 4 = 100 Users or Less (0.20 per token)

X 6 = 100 - 150 Users (0.30 per token)

X 8 = 150 - 250 Users (0.40 per token)

X 10 = 250 Users and up (0.50 per token)

17. General:

a. Update Notification: These terms and conditions may be updated periodically, and continued participation implies acceptance of any modifications. Owners are encouraged to review the terms and conditions regularly to stay informed about any changes that may affect their participation in the token rewards program.

18. Minimum Monthly Token Earnings :

If a user subscribes to any Lexvor Connect Network Unit ( Small Cell or Hotspot ) and has not earned more than the subscription amount by the 6th month of device Activation, the subscriber will be provided a Minimum Monthly Token Earning.

The Minimum Monthly Token Earning reward for Lexvor Connect Network Hotspot is : 590 tokens

The Minimum Monthly Token Earnings reward for Lexvor Connect Network Small Cell is : 2,490 tokens

The Minimum Monthly Token Earning will continue each month until the subscribers original subscription contract expires after which the Minimum Monthly Earning rewards will stop.

By participating in the Lexvor Connect Network, Modem and/or Small Cell Owners and Users acknowledge and accept these detailed Terms and Conditions.

This comprehensive set of terms and conditions provides detailed information on the rights and responsibilities of participants in the Lexvor Connect Network.

Lease Terms

Lexvor Connect Network Subscription Program Terms and Agreement

1. Program Overview

The Lexvor Connect Network Subscription Program offers Small Cells and Hotspots to enhance network coverage and connectivity. This program provides flexible and affordable subscription options for individuals and businesses to improve their network infrastructure. Subscribers benefit from increased connectivity, potential revenue opportunities, and participation in a rewards program designed to incentivize data usage and user connections.

Lexvor Connect Small Cell Subscription

2. Subscription Options and Rates

Small Cell Subscription:

  • Monthly Rate: $249

  • Minimum Contract Duration: 24 months

  • Setup Fee: $99 (one-time)

  • Coverage: Up to a 2-3 radial miles with good line of site, ideal for densely populated areas or locations requiring significant coverage improvements.

3. Eligibility Requirements

To qualify for the subscription program, applicants must:

  • Be the property owner or possess legal rights to install and maintain the equipment.

  • Ensure their property meets the minimum internet requirements of Fiber Optic connectivity in the unit.

  • Maintain suitable homeowner insurance throughout the subscription term.

4. Application Process

  • Selection: Choose to subscribe to a Small Cell based on specific needs.

  • Application: Complete the application form on the Lexvor website, providing necessary details and agreeing to the terms and conditions.

  • Installation: Upon approval, schedule an installation with a certified Lexvor technician.

5. Included Items in Small Cell Subscription

Each Small Cell subscription includes:

  • 1 Lexvor Small Cell Unit: The primary device to enhance network coverage.

  • 1 Location Site Survey: A comprehensive assessment of the installation site to determine the best placement for optimal coverage.

  • 1 Network Interference Survey: An analysis to identify and mitigate any potential sources of network interference.

  • 1 Site Security Survey: Evaluation of the site to ensure that the Small Cell unit is installed securely and safely.

  • 1 Site Compliance Survey: A check to ensure that the installation complies with local regulations and standards.

  • Internet at the Location On Us: Lexvor will provide internet service at the location where the Small Cell is installed.

6. Benefits

  • Seamless Connectivity: Enhanced network coverage for reliable internet connectivity.

  • Rewards Program: Earn tokens for each GB of data used, redeemable for discounts or other rewards.

  • Revenue Opportunities: Potential additional income through the rewards program and user connections.

7. Customer Support and Maintenance

  • Support: 24/7 customer support for technical issues or inquiries.

  • Updates: Firmware and software updates included during the subscription period.

8. Terms and Termination

  • Minimum subscription term is 24 months. Early termination may result in additional fees due to uninstalling the unit from the location and associated cost. Their will be a flat fee of $2,000 for early termination of subscription contracts. After the 24 month contract is up, the contract becomes month to  month. There is no termination fee associated with month to month terms.

  • Subscribers should consider the long-term commitment before entering the subscription agreement.

  • A lapsed period of suitable insurance coverage of the location may result in early termination of the subscription and penalties, including fees assessed to any earned and future payouts during that time period.

  • If a user wishes to cancel their subscription, it may take up to 3 to 6 months to remove a Small Cell from the property. Therefore, users must provide 90 days' notice of cancellation. Penalties will be assessed to the user's Token Rewards account.

9. Installation and Maintenance

  • Lexvor handles initial installation and cloud maintenance. Subscribers are responsible for maintaining the proper property insurance relating to damages.

10. Liability and Indemnification

  • Subscribers assume responsibility for the maintenance and usage of the subscribed equipment. Lexvor is not liable for damages from improper use or installation.

  • Each subscriber or property owner must have active homeowner or property insurance covering their roof or premises the submited and approved by Lexvor. Lexvor will only cover the deductible if the Lexvor unit damages the roof.

11. Coverage and Performance

  • Equipment is designed to provide reliable coverage, but performance may vary based on environmental factors and usage conditions.

12. Agreement Acceptance

  • By participating in the Lexvor Connect Network Subscription Program, subscribers agree to the terms and conditions outlined in this document. For any questions or further details, visit the Lexvor website.

14. Defining a Subscription

  • The terms "rent," "lease," "subscription," and "agreement" are used interchangeably. Lexvor retains ownership of the equipment unless otherwise specified.

15. Ownership of Equipment

  • Lexvor owns the equipment the device in full unless ownership is transferred by Lexvor.

16. Upgrading Equipment

  • Subscribers may upgrade equipment after a minimum of 36 months with $0 down and a qualifying trade-in. Contact customer service for additional upgrades.

17. Returning, Replacing, or Upgrading Equipment During a Subscription

  • After 12 months, users may be eligible for a $0 down upgrade. Lexvor will provide a return kit for the current device.

18. Billing and Payments

  • Subscribers must make monthly payments based on their plan. Lexvor does not accept prepaid credit cards. In case of cancellation, subscribers must return the equipment and pay any remaining balances per the signed contract.

19. Fees and Rights to Charge Fees

  • Lost or Stolen Devices: Report within 24 hours. Failure to do so results in continued billing and potential fees.

  • Replacement Costs: Deductibles apply based on subscription duration before loss or theft.

  • Non-Restored Devices: A $50 fee applies for devices not restored to factory settings before return.

  • Payment Fees: Missing a payment for over 30 days may result in account deactivation and charges for the remaining subscription balance.

20. Device Issues (Damaged, Lost, Stolen)

  • Contact Lexvor immediately for assistance. Claims can be filed at 866-996-2281.

Lexvor Small Cell Subscription

21. Subscription Options and Rates

Hotspot Subscription:

  • Monthly Rate: $59

  • Minimum Contract Duration: 24 months

  • Setup Fee: $50 (one-time)

  • Coverage: Up to a 1000 ft radius, suitable for smaller areas or individual properties needing reliable internet connectivity.

22. Eligibility Requirements

To qualify for the subscription program, applicants must:

  • Be the property owner or possess legal rights to install and maintain the equipment.

  • Ensure their property meets the minimum internet requirements of 300 Mbps download and 20 Mbps upload speeds.

  • Maintain suitable homeowner insurance throughout the subscription term.

23. Application Process

  • Selection: Choose to subscribe to a Hotspot based on specific needs.

  • Application: Complete the application form on the Lexvor website, providing necessary details and agreeing to the terms and conditions.

  • Installation: Upon approval, schedule an installation with a certified Lexvor technician.

24. Benefits

  • Seamless Connectivity: Enhanced network coverage for reliable internet connectivity.

  • Rewards Program: Earn tokens for each GB of data used, redeemable for discounts or other rewards.

  • Revenue Opportunities: Potential additional income through the rewards program and user connections.

25. Customer Support and Maintenance

  • Support: 24/7 customer support for technical issues or inquiries.

  • Updates: Firmware and software updates included during the subscription period.

26. Terms and Termination

  • Minimum subscription term is 24 months. Early termination may result in additional fees.

  • Subscribers should consider the long-term commitment before entering the subscription agreement.

  • A lapsed period of suitable insurance coverage may result in early termination of the subscription and penalties, including fees assessed to any earned and future payouts during that time period.

27. Installation and Maintenance

  • Lexvor handles initial installation. Subscribers are responsible for routine maintenance, with Lexvor providing support for complex issues.

28. Internet Requirements

  • Subscribers must ensure their internet connection meets the minimum speed requirements of 300 Mbps download and 20 Mbps upload.

29. Liability and Indemnification

  • Subscribers assume responsibility for the maintenance and usage of the subscribed equipment. Lexvor is not liable for damages from improper use or installation.

  • Each subscriber or property owner must have active homeowner insurance covering their roof. Lexvor will cover the deductible if the Lexvor unit damages the roof.

30. Coverage and Performance

  • Equipment is designed to provide reliable coverage, but performance may vary based on environmental factors and usage conditions.

31. Agreement Acceptance

  • By participating in the Lexvor Connect Network Subscription Program, subscribers agree to the terms and conditions outlined in this document. For any questions or further details, visit the Lexvor website.

32. Defining a Subscription

  • The terms "rent," "lease," "subscription," and "agreement" are used interchangeably. Lexvor retains ownership of the equipment unless otherwise specified.

33. Ownership of Equipment

  • Lexvor owns the equipment unless the device is paid in full or ownership is transferred by Lexvor.

34. Upgrading Equipment

  • Subscribers may upgrade equipment after a minimum of 12 months with $0 down and a qualifying trade-in. Contact customer service for additional upgrades.

35. Returning, Replacing, or Upgrading Equipment During a Subscription

  • After 36 months, users may be eligible for a $0 down upgrade. Lexvor will provide a return kit for the current device.

36. Billing and Payments

  • Subscribers must make monthly payments based on their plan. Lexvor does not accept prepaid credit cards. In case of cancellation, subscribers must return the equipment and pay any remaining balance.

37. Fees and Rights to Charge Fees

  • Lost or Stolen Devices: Report within 24 hours. Failure to do so results in continued billing and potential fees.

  • Replacement Costs: Deductibles apply based on subscription duration before loss or theft.

  • Non-Restored Devices: A $50 fee applies for devices not restored to factory settings before return.

 

© 2024 Lexvor Inc. All rights reserved. Last Updated: 05/21/2024

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