Partner Revenue Share Terms

1.Nature of the program

Partner Revenue Share is a contractual incentive tied to qualifying accommodation activity on LNK. It does not grant shares, ownership, voting or management rights, a partnership interest, a dividend entitlement, employment, a franchise, or a guarantee of earnings. Partners do not pay an investment contribution to receive it. Legal and tax characterization depends on applicable law and the actual arrangement, not terminology alone.

• A Partner must accept the applicable Revenue Share Terms and offer and satisfy the property-level requirements to earn Revenue Share. Required payout, identity, and tax information must be complete before funds can be transferred; an administrative payment hold does not itself erase an earned entitlement.
• Revenue Share is separate from accommodation proceeds and from current Partner commission or protected Founding 0% commission. It is not a percentage of the Partner's accommodation revenue or a share of LNK's company-wide revenue.

2.Assigned Partner rate and Founding Partner Bonus

The current standard non-Founding assigned Revenue Share rate is 5% of Net Eligible Platform Fees for qualifying properties. An expressly designated Founding Partner receives a protected total assigned rate of 12% for its Founding-covered properties: the 5% base at designation plus seven percentage points as the Founding Partner Bonus. The Founding total is a single protected 12% rate; a later change to the standard base does not change that total.

• A rate is not an unconditional payment. The property must qualify for the relevant quarter, and the fee base may be zero. The Founding Bonus is not earned or paid separately from the total rate.
• LNK may change the standard non-Founding rate for future activity, including for existing non-Founding Partners, under a new material governing release, the Terms of Service notice requirements, and renewed acceptance. An accepted quote or pending, authorized, confirmed, or completed booking retains the rate applicable to that transaction. A change does not rewrite an earned amount or existing transaction record. Statements must distinguish rate groups where a quarter contains bookings governed by different accepted offers.
• LNK may offer different non-Founding rates or separate incentives under clear written terms. Acceptance of a conditional Founding offer does not itself grant status or activate the Founding rate; express designation is also required. LNK records the approved legal Partner, accepted offer, designation, rate, and covered properties.
• The assigned Revenue Share percentage and Traveler service-fee percentage apply to different bases. The current 12% Traveler fee may change prospectively under the Fee and Deposit Rules. Future fee amounts and valid deductions may therefore change Revenue Share dollars without changing a Founding Partner's protected assigned 12% rate.

3.Property-level quarterly eligibility

Eligibility is determined separately for each property for each standard calendar quarter. A property must record at least 20 qualifying completed and paid nights attributable to that quarter and satisfy the applicable Partner Performance Standards. For Founding Revenue Share, it must also have Founding coverage for the relevant bookings under the coverage provisions below. Nights cannot be pooled across properties or carried into another quarter.

• If Property A has 12 qualifying nights and Property B has 8, neither qualifies. If a Partner has 20 properties with one qualifying night each, none qualifies.
• Every covered property meeting all requirements can qualify; a property's failure does not ordinarily affect another property. A property may have an approved rate without meeting the quarterly payment threshold.
• Missing the 20-night threshold removes Revenue Share only for that property and quarter. It does not remove Founding status, protected 0% commission, a coverage slot, or the protected 12% rate for a later qualifying quarter.
• The first or last partial quarter of a relationship or property's participation is not automatically prorated. Existing transaction and accrued-right protections continue to apply on offboarding. A materially changed quarterly qualification rule applies prospectively under the amendment provisions, with clearly disclosed transition treatment.

4.Qualifying completed and paid nights

A qualifying night is an actual occupied accommodation night in a completed stay, with a positive accommodation amount paid and retained for that night in the final booking records. Completion is determined by the recorded actual checkout, or the booked checkout if no different completion is established. For consistent attribution, all qualifying nights and related eligible fees for a completed stay are allocated to the calendar quarter containing that checkout, using the property's local time zone. A stay crossing quarter-end is not split between quarters.

• For example, a five-night stay from September 28 to October 3 is attributed to the October–December quarter. A stay is counted once. Booking or payment dates do not move the nights into an earlier quarter.
• Cancelled, no-show, fully refunded accommodation nights, complimentary, self-booked, fraudulent, artificial related-party, or uncollected nights do not qualify. A genuine arm's-length stay is not excluded solely because the guest knows the Partner; evidence of artificial activity, lack of genuine occupancy, circular funding, or another disqualifying condition is required.
• A partially refunded night may still qualify if it was occupied and a positive accommodation charge for that night was retained. A fully refunded night does not. Refunds must be allocated to the affected nights or components using the resolution record; a service-fee-only refund can reduce the fee base without automatically erasing paid accommodation nights.
• An unresolved dispute or chargeback may justify holding the affected calculation pending its outcome. A successful resolution must be reflected in the proper quarter; the mere fact of delay does not permanently disqualify otherwise qualifying nights. Later refunds, reversals, and errors are handled as documented corrections.

5.Net Eligible Platform Fees

For qualifying completed bookings at an eligible property, Revenue Share equals the applicable assigned rate multiplied by Net Eligible Platform Fees. The starting amount is the gross eligible Traveler service fee actually collected by LNK for those bookings, excluding tax on that fee, before the permitted deductions below. Net Eligible Platform Fees are calculated separately for each booking, floored at zero, and then summed for the property. The same refund, discount, cost, or recovery may be reflected only once.

• The starting amount is not gross booking value, nightly charges, cleaning, accommodation proceeds, taxes, deposit holds, captured damages, or money collected for another party. Uncollected or artificial fees are excluded.
• Where a record already shows the Traveler fee net of a refund, waived fee, or discount, that reduction must not be deducted again. Statements must reconcile the gross amount, reductions already reflected, further permitted deductions, and final net amount.
• Actual-cost processing fees recovered from a Partner are not Traveler service-fee revenue. They reduce the related cost LNK bears and therefore reduce the permitted processor-cost deduction.
• Amounts and deductions are recorded in the applicable disclosed settlement currency. Any necessary conversion must identify the actual rate, date, and separately disclosed conversion charge without adding an undisclosed margin. Different currencies are not combined as though they were the same unit.
• Property results may be consolidated into a Partner statement and payment while preserving property, booking, rate, and currency detail. Apply each booking's governing assigned rate to its non-negative net fee base, sum the resulting amounts for the property and quarter in the same settlement currency, and round the property total once to that currency's smallest supported monetary unit. Do not round each intermediate percentage calculation in a way that changes the final entitlement.
• For example, a covered qualifying booking with a $72 eligible Traveler fee and $10 of permitted unrecovered processor cost has $62 of Net Eligible Platform Fees. At the protected 12% Founding rate, its contribution to Revenue Share is $7.44. This is not 12% of the $600 accommodation subtotal in the Fee and Deposit Rules' pricing example.

6.Permitted booking-level deductions

LNK may deduct only the following amounts to the extent actually incurred, documented, attributable to the qualifying booking, ultimately borne by LNK, and not already excluded or deducted from the starting fee:

• Refunds, credits, chargebacks, and payment reversals affecting the eligible Traveler service fee. Returning accommodation proceeds, taxes, or a deposit does not itself create a deduction from LNK's fee revenue. Any separate LNK-funded booking-specific credit or subsidy is governed by the subsidy category below and cannot duplicate that return.
• Actual payment-processor costs for the entire booking and a related refund or payment dispute, net of processor refunds, rebates, credits, and cost recoveries from the Partner or another source.
• An actual LNK-funded booking-specific discount or promotional subsidy, to the extent it represents an additional cost borne by LNK and is not already reflected in a lower collected fee. A discretionary general goodwill payment, unrelated refund obligation, or ordinary support cost is not silently reclassified as a promotional subsidy.
• Direct third-party advertising, affiliate, or referral cost supported by an auditable booking-specific attribution record. General brand advertising, unattributed campaign spend, and allocations based only on impressions, geography, or total marketing budget are not deductible.

General overhead is not deductible, including hosting, software, support, insurance, legal costs, property visits, identity or Traveler-verification costs, salaries, product development, and general brand marketing. Costs may not be shifted among categories or affiliated entities to evade these limits. A rebate, refund, reimbursement, or other later recovery reduces the related deduction through a documented correction.

• LNK currently covers processor costs without a separate Partner processing fee. If an actual-cost Partner fee is later introduced under the notice and acceptance provisions, only the remainder LNK ultimately bears can reduce Net Eligible Platform Fees. For example, a $10 processor cost with $4 recovered from the Partner permits at most a $6 deduction; full recovery permits none. A later recovery requires correction of any earlier deduction.
• A booking's Net Eligible Platform Fees cannot be less than zero. A booking-level loss does not create a Partner debt or reduce another booking's fee base. Recovery of an actual prior Revenue Share overpayment is a separate correction governed below.

7.Performance and good-standing requirements

The applicable Partner Performance Standards govern property-level qualification. LNK determines substantive eligibility using the relevant quarter and transaction records. Identity, authority, required agreements, property documents, and lawful operations must be maintained. A later administrative review or incomplete payment detail may delay transfer but does not itself cancel Revenue Share already properly earned.

• The quarterly substantive response rate must be at least 90% within 24 hours. No eligible requests means no response-rate failure. The avoidable decline rate must not exceed 20% when there are at least 10 eligible requests in the quarter.
• A property may have no more than one avoidable Partner cancellation in a rolling 12-month period. A second or subsequent cancellation while above that threshold makes the property ineligible for the quarter of that event. A continuing restriction requires an unresolved, documented reliability concern; the same old event does not by itself create an indefinite quarterly penalty.
• A substantiated critical incident occurring in the quarter makes the affected property ineligible for that quarter. Future restriction depends on the unresolved risk or a justified final enforcement decision. For the rolling 12 months ending at quarter-end, the proportion of completed stays affected by substantiated material complaints must not exceed 5% once at least 20 completed stays exist.
• The standards define exclusions, counts, complaint severity, evidence, notice, cure, and reconsideration. Related reports do not multiply the same stay in the material-complaint numerator. A complaint alone, routine review, or correctable information request is not proof of a disqualifying breach.
• A genuine account-wide restriction affects only the scope and period supported by its reasons. LNK may not delay a payment review or impose a new eligibility condition principally to defeat an earned entitlement. Final closure does not erase properly earned amounts merely because payment occurs later.

8.Property-level and systemic effects

A performance failure ordinarily affects only the property whose records do not satisfy the standard. LNK may apply a Partner-level restriction only where evidence shows a systemic issue across properties or the issue concerns the Partner's identity, authority, fraud, discrimination, safety, payment integrity, retaliation, or other account-wide conduct.

• Missing a performance requirement for a property or quarter means no Revenue Share is earned for that property for that quarter. It does not remove Founding status or reduce the Partner's assigned rate for a later qualifying quarter.
• LNK may delay a calculation while relevant booking, payment, tax, claim, chargeback, or compliance records remain unresolved, but a delay alone does not reduce the assigned rate or eliminate a properly earned amount.

9.Invitation, approval, and Founding Partner designation

The Founding program is invitation only, with capacity and availability determined by LNK. LNK may change the number of invitations or designations and open, expand, reduce, pause, or close enrollment to new Partners. There is no contractual fixed enrollment count or scheduled enrollment deadline. An invitation permits an application and does not reserve a place or guarantee approval or Founding status.

• Designation requires Partner approval, acceptance of the applicable offer and agreements, and an express authorized LNK decision while the program is open. Entering a code, applying, accepting a conditional offer, or ordinary Partner approval alone does not grant Founding benefits.
• LNK records the approved legal Partner, invitation or application access evidence, accepted offer, designation date, assigned 12% rate, and property coverage. Approval and designation may be recorded together if approval is established before designation takes effect.
• An invitation may expire or be revoked under its access rules. Expiry of a redeemed code does not undo an already granted designation. Closure of enrollment does not remove an existing designation; reopening does not automatically designate earlier applicants.
• Founding recognition has no scheduled expiry during the continuing Partner relationship. It does not guarantee property approval, publication, ranking, promotion, bookings, quarterly qualification, or earnings.

10.Founding property coverage: 20-property threshold

Founding benefits belong to the approved legal Partner. Protected 0% Founding Partner commission applies across that Partner's approved portfolio. The protected 12% Founding Revenue Share rate automatically covers up to 20 approved properties, including future approved additions within available coverage slots. Properties above that threshold may be listed at protected 0% commission, but do not automatically receive Founding Revenue Share.

• LNK maintains a coverage record identifying the physical accommodation properties, approval dates, effective coverage dates, and any additional written approvals. Unless the accepted offer identifies a different selection, approved properties enter the first 20 slots in approval order. A Partner may nominate its selection before coverage takes effect. Property approval and quarterly qualification remain separate requirements.
• A property is the actual separately approved entire dwelling, not each listing ID, room, duplicate advertisement, or re-created account entry. Two genuinely separate approved dwellings may count separately even at one postal address. LNK determines the count from the physical accommodation and authority records and explains a material disputed classification.
• Including a 21st or later property in Founding Revenue Share requires LNK's express written approval identifying that property or additional coverage and its effective date. Once LNK expressly grants Founding coverage, the protected 12% rate applies to that coverage for the continuing relationship, subject to the agreed eligibility and continuity rules. A temporary, separately priced incentive must instead be clearly offered as a separate program; ordinary listing approval is not additional Founding coverage. Without additional coverage or a separate written incentive, a property above the threshold has no automatic Revenue Share entitlement, including no automatic fallback to the standard 5% rate.
• A genuine replacement or withdrawal may free a slot. A substitution must be requested and recorded; it ordinarily takes effect at the start of a later calendar quarter, and a slot cannot be reused for multiple newly covered properties within the same quarter. New additions can fill unused slots during a quarter. Removing and recreating a listing does not reset its identity, history, count, eligibility, or accepted obligations.
• Coverage applies to bookings confirmed while the property's coverage is effective, or earlier pending activity expressly included in its written coverage record. Withdrawing or substituting a property does not retroactively strip coverage from its existing accepted quotes or pending, authorized, confirmed, or completed bookings. Their properly earned amounts and applicable quarterly qualification rules remain preserved, even if settlement occurs after substitution. Those preserved transactions do not grant coverage to new bookings at the removed property.
• A property does not lose its coverage slot solely because it misses 20 nights or another quarterly performance threshold, has seasonal downtime, or is temporarily restricted. Coverage and the protected rate resume with the same property and Partner when the required conditions are met.
• LNK may approve more coverage or more generous future offers, but cannot use a later general cap reduction to remove a property's existing protected coverage. No automatic transfer occurs with a sale, new owner/operator, account assignment, or related entity. An approved continuity arrangement must be recorded in writing.
• Artificial account splitting, sham ownership or management transfers, duplicate listings, circular bookings, manufactured stays, or portfolio churn intended to multiply benefits or evade the threshold are prohibited. Legitimate separate businesses or ordinary acquisitions are not presumed abusive solely because people are related. A material adverse classification requires evidence, reasons, and the applicable reconsideration process.

11.Founding rate continuity

A designated Founding Partner's total assigned 12% rate has no scheduled expiry and is protected for the continuing legal Partner relationship within the property coverage defined in these Terms. It is permanently fixed as a percentage for that relationship; it is not a promise of perpetual platform operation, guaranteed bookings, a fixed fee base, or unconditional quarterly payment.

• Closing enrollment, changing a future offer or standard non-Founding rate, general amendments, click-through reacceptance, or changing the Traveler service fee cannot reduce the protected total 12% rate. A future actual-cost Partner processing fee must comply with its separate safeguards and cannot be disguised commission or duplicated in the Revenue Share calculation.
• Missing a property's 20-night or performance requirement in a quarter means no Revenue Share for that property and quarter. It does not remove Founding status, protected 0% commission, its coverage slot, or the protected rate for later qualifying activity. Seasonal inactivity is not voluntary closure.
• Temporary restriction, suspension, or a legitimate payment hold does not itself rewrite the rate. Reinstatement of the same Partner restores the applicable rate subject to qualification. An administrative account migration or approved same-Partner continuity arrangement must preserve the protections.
• Protection ends only with genuine voluntary closure, lawful termination of the relationship, an unapproved transfer or replacement of the legal Partner, a substantiated fraud or material misrepresentation finding justifying termination or invalidating the designation, or a change strictly required by law. Notice, proportionality, cure where appropriate, and reconsideration remain applicable. Routine poor quarterly performance is not itself an invalid designation.
• LNK must not terminate, refuse an otherwise administrative account migration, manipulate deductions, redefine coverage, or impose eligibility changes principally to avoid protected economics. Bona fide law, safety, operational, and commercial decisions remain possible under the governing agreements, with accrued rights and existing transactions protected.

12.Quarterly statement and payment

LNK uses calendar quarters ending March 31, June 30, September 30, and December 31. It ordinarily aims to finalize and pay eligible Revenue Share within 30 days after quarter-end, subject to final transaction records, lawful payout and tax onboarding, proportionate holds, corrections, disputes, and provider availability. A delay must relate to an actual unresolved condition; undisputed portions may be settled separately.

• Statements identify each property, Founding coverage where applicable, qualifying nights, gross collected eligible Traveler fees, reductions and deduction categories, Net Eligible Platform Fees, applicable assigned rate or rate groups, Revenue Share, eligibility result, currency, and material adjustments. Reasonable booking-level support is available on request subject to privacy and security limits.
• Processor-cost support identifies gross actual cost, each related recovery, and the remaining cost borne by LNK. Recoveries are not additional deductions or Traveler fee revenue.
• The ordinary minimum cash transfer is 25 units of the disclosed settlement currency. Earned amounts below that threshold carry forward; nights do not. On final offboarding, an undisputed balance is payable without that minimum, ordinarily within 30 days after the relevant quarter can be finalized and required payment information is complete. A genuine unresolved hold may delay only the affected portion, with reasons and periodic review.
• Dashboard estimates are informational. A finalized calculation is subject to correction and reconsideration; calling a record final does not make an error binding or eliminate a legal remedy.

13.Corrections and later adjustments

LNK may correct an unpaid calculation or offset a later Revenue Share payment for a subsequent refund, chargeback, fraud finding, dispute result, tax correction, processor-cost correction, recovered marketing cost, duplicate payment, or calculation error where permitted by law.

• A correction must identify the affected booking or statement, amount, category, reason, evidence source, and before-and-after calculation. LNK will not use a correction to impose a new deduction category retroactively.
• Where a documented correction establishes that Revenue Share actually paid exceeded the Partner's entitlement under the terms governing the affected booking and quarter, the overpaid portion is repayable. This includes an entitlement affected by a later refund, reversal, chargeback, permitted cost correction, substantiated eligibility correction, fraud finding, duplicate payment, or calculation error. Recovery is limited to the amount of Revenue Share overpaid, net of previous offsets and recoveries. It cannot transfer a booking-level loss, general operating expense, or newly introduced deduction to the Partner, and cannot exceed Revenue Share actually paid for the corrected entitlement.
• LNK will provide the original and corrected calculation, the contractual reason, reasonable supporting information, and the proposed repayment or offset method. The Partner has at least 30 days after receiving that notice to identify an error or dispute the correction. During that response period, LNK will not collect or finalize an offset for the proposed repayment, although a separately justified interim hold remains possible under the payment rules. Silence is not an admission of liability or a waiver of a legal remedy.
• After that response period, an amount properly due and not subject to a genuine dispute may be offset against future Revenue Share. An offset cannot reduce a current Revenue Share cash payment below zero. If future payments are insufficient or not reasonably expected, LNK may request direct repayment on at least 30 days' written notice or agree another reasonable repayment schedule. A genuinely disputed portion follows the reconsideration and lawful dispute process; LNK's ledger entry or internal decision alone does not authorize a debit or conclusively establish a contested debt. Where direct repayment is appropriate, the original complete correction notice may also request direct repayment and state a due date at least 30 days after receipt; the response and repayment-notice periods may run concurrently. LNK will not collect before that due date and the response period have expired or while a genuine dispute remains unresolved through the applicable process. A materially increased amount or changed basis requires a fresh response opportunity for the affected portion. The obligation to repay an established overpayment survives offboarding. These provisions do not authorize automatic collection from a bank account or card, duplicate recovery, a new commission or fee, or a reduction of protected Founding rates or coverage.

14.Notice, cure, and reconsideration

Before a non-emergency adverse eligibility decision, LNK will provide the affected Partner with the material reason, measurement period, supporting record summary, resulting effect, and a reasonable opportunity to correct factual errors or cure a remediable issue. Urgent interim action may be taken first for safety, fraud, legal, privacy, payment, or evidence-preservation risk.

• A Partner may request reconsideration within 30 days after the decision or statement by writing to [email protected] and identifying the challenged finding, factual or calculation error, and any new evidence.
• During the founder-operated launch, the Founder is LNK's final internal decision maker. LNK may later designate another authorized senior reviewer. The review and conflict-handling provisions in the Complaints, Enforcement, and Reconsideration Rules apply; this process is not represented as an independent appeal.
• LNK will act honestly, in good faith, for purposes connected to these terms, and as consistently as reasonably possible. A complaint or allegation alone is not proof of a breach.
• A reconsideration decision will be recorded with reasons. Nothing in this process limits a non-waivable legal, regulatory, or court remedy.

15.Taxes, transfers, and separate incentives

A Partner is responsible for obtaining tax advice and reporting Revenue Share as required. LNK may request tax, identity, banking, or payout information and may withhold, report, or remit amounts where required by law.

• Founding status and an assigned Revenue Share rate do not automatically transfer with a property sale, account assignment, replacement account, or change of legal operator. An approved corporate reorganization may preserve the rate only where LNK records continuity of the same Partner relationship in writing.
• LNK may offer quality, performance, rating, low-claims, loyalty, referral, promotional, or market-specific incentives under separate written terms without changing the accepted Founding rate.

16.Suspension, termination, and changes

LNK may withhold, correct, or deny a Revenue Share amount only for a reason permitted by the applicable terms and supported by the relevant records. Non-qualification, fraud, manipulation, lawful restrictions, or an unresolved payment condition may affect an amount; a payment delay or allegation alone does not remove a protected rate or earned entitlement.

• Termination does not eliminate a properly earned amount solely because payment occurs afterward. Documented corrections, lawful withholding, tax reporting, and recovery of amounts not properly earned remain available under the applicable original terms.
• The standard non-Founding rate may change prospectively under the express rate-change procedure. Material changes to eligibility, deductions, attribution, calculation methods, correction or repayment obligations, or incorporated standards require the Terms of Service amendment process and renewed acceptance before affected new activity. Quarterly changes apply to later whole quarters with disclosed treatment of existing bookings. A new recovery obligation cannot be applied retrospectively to an earlier payment or transaction governed by terms that did not provide for it.
• Those powers cannot reduce the protected Founding 12% rate, retroactively remove protected property coverage, impose a disguised Founding commission, rewrite earned amounts, or nullify the protections indirectly. A pause, reclassification, or review cannot be used as a substitute for an otherwise prohibited amendment.
• Ontario law and applicable federal Canadian law govern, subject to mandatory law. Questions and reconsideration requests may be sent to [email protected]. Formal legal notices may be sent to Lodge N Key Inc., 350 Bay St, Suite 1300B, Toronto, Ontario M5H 2S6, Canada, with a copy to that email.