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Credit Utilization Policy

This credit utilization policy (“Credit Utilization Policy”) is effective as of May 1, 2020 and describes the terms and conditions applicable to the utilization of gratuitous credits which may be issued by XO Global LLC (“XO”) from time to time to XO Program Members for use towards air transportation services (each a “Booked Flight”) and Membership Fees. Capitalized used in this Credit Utilization Policy shall have the meaning given to them in Member’s Program Agreement, unless otherwise defined in this Credit Utilization Policy.

Loyalty Credits. Loyalty Credits may be redeemed for up to 25% of the total cost of any whole aircraft charter or individual seat purchase on a shuttle, shared charter, or pending crowdfunded or confirmed crowdfunded flight on an XOJET Aviation Aircraft, and up to 10% of the total cost of any whole aircraft charter on an Other Air Carrier Aircraft. Loyalty Credits are subject to a maximum utilization of $3,000 for Select Access members and $6,000 for Signature and Elite Access members for any single whole aircraft charter and/or transaction to which Loyalty Credits are applicable. Loyalty Credits may be applied to offset up to 100% of Membership Fees. Loyalty Credits may not be earned or used by non-members.

Flight Credit. Flight Credits may be redeemed for up to 25% of the total cost of any Booked Flight subject to a maximum utilization of $3,000 for Select and Signature Access members and $6,000 for Elite Access members for any single Booked Flight for which Flight Credits are utilized.

Promotional Credit. Promotional Credits may be redeemed for up to 10% of the total cost of any Booked Flight subject to a maximum utilization of $1,000 for Select, Signature and Elite Access Program members and $250 for non-program customers for any single Booked Flight.

Creation Credit. Creation Credits may be redeemed exclusively for the creation of or reservation of seats on shared flights organized XO Global LLC. Unless otherwise specified in a valid written agreement, Creation Credits may be redeemed for up to 20% of the total cost of an initial single-seat purchase to create a crowdfunded flight.

Rebate Credit. Upon the sale of unused shared-flight seats by a Select, Signature or Elite Access Program Member, XO will issue the sale price of such sold seats minus any commission due to XO in Rebate Credit. Rebate Credits may be redeemed for up to 100% of the total cost of a Booked Flight.

Miscellaneous Terms Applicable to All Credits. Credits are non-transferrable and may not be redeemed for any monetary value. Credits may be earned only on Flight Services and cannot be earned on any ancillary services or other Services. Credits shall automatically expire upon expiration of the Membership Term, unless such term is renewed prior to its expiration, and cannot be earned or utilized by non-members. Only one type of credit can be used for each Booked Flight. Different types of credits cannot be used in combination on any single flight and/or transaction.

Modifications or Amendments. XO reserves the right to modify the Credit Utilization Policy at any time, effective within 30 days of posting of an updated version on its website or Application. You are responsible for regularly reviewing this Policy. Continued use of the services or XO’s website or mobile application after any such changes shall constitute your consent to such changes.