Legal

01

Terms of Pledge

Nature of the Pledge

The pledge submitted through the URBAL platform — $100 for a 1BR, $150 for a 2BR, $200 for a 3BR and $250 for a 4BR, plus 50% for the Wild Flower Garden Expansion Rider — is a single payment per raise, not a recurring subscription, and is a prepayment toward a future Proprietary Lease Covenant (PLC) for a dwelling unit in a URBAL town. A fee of 17% of the pledge amount is added at checkout and is disclosed in full before authorisation: 5% platform fee to URBAL Platform PBC LLC, 3% to the winning county government, 2% to that county’s student 529 accounts, 2% to Tea Leaves Hospitality, 2% to Samara Air, and 3% card processing. Where a group pledges together the amount is split evenly and each adult pays their share once. Five- and six-bedroom dwellings cannot be pledged for and carry no pledge amount; they are allocated during the raise and no prepayment secures one. It is not a charitable donation, a security, a loan, or a rental deposit. It is a conditional prepayment held in escrow until the raise threshold is met.

Escrow Structure

A pledge authorises a payment method; it does not collect funds. No amount is charged unless and until the raise closes at or above the $5B threshold. On a funded close, pledges are charged and the proceeds are placed with an independent OCIO (Outsourced Chief Investment Officer) custodian bank, selected through open in-app competition on management fee, escrow terms, and investment capability. URBAL Platform PBC LLC has zero discretionary access to those funds, which are released only against verified construction milestone gates.

No Charge Unless Funded

If the raise closes without crossing the $5B threshold, no pledge is charged and no fee is collected. Authorisations lapse and no amount — pledge, platform fee, county share, 529 contribution, Tea Leaves, Samara Air or card processing — is taken. There is no refund process because there is nothing to refund. One charge is outside this clause: a business that pledges jobs is billed the distribution fee at raise close regardless of outcome, including a raise that does not close funded, because the distribution was delivered during the raise month. It is billed in arrears against delivery, is payable to the town’s Civic Anchor, and is not contingent on selection or on the raise succeeding. A pledger who is charged on a funded close and is not selected for a dwelling retains the rewards earned through participation in that raise; the pledge is consideration for those rewards and for entry into the selection draft, and is not returned on non-selection.

PLC Allocation

Pledge payments do not guarantee a specific dwelling unit or dwelling category. PLC allocation is determined by the selection score system. That score weighs pledge history (30%), social signal quality (30%), professional fit (15%), community alignment (10%), reward ranking completeness (10%) and a group pledge organiser bonus (5%). Neither the pledge amount nor the PLC term is an input to the score; the PLC term is chosen at move-in, after selection. Household size must independently qualify for the bedroom count sought. URBAL makes no representation that any specific pledger will receive a PLC in any specific town or dwelling category.

Binding Arbitration

By submitting a pledge, you agree that all disputes between you and URBAL Platform PBC LLC (including disputes regarding PLC allocation, charges and authorisations, or platform operations) will be resolved exclusively through binding arbitration. You waive your right to jury trial and to participate in class action litigation. Arbitration is governed by AAA Commercial Arbitration Rules.

02

Privacy Policy

Data We Collect

URBAL collects: (1) account information (name, email, household composition, state of residence); (2) pledge transaction data (amount, date, method); (3) preference UI responses (dwelling type, employer preferences, business preferences); (4) social media interactions (Instagram tags, TikTok mentions) where you voluntarily tag @urbal; (5) device and usage data (IP address, browser type, session duration).

How We Use Your Data

Pledge and preference data is used to: calculate your selection score, generate aggregated demand signals for employer and business development outreach (never individually identified), and administer the escrow and PLC allocation process. We do not sell individual pledger data to third parties. Aggregated, anonymized demand data (e.g., '12,400 pledgers in the current raise cohort want a Whole Foods equivalent') is shared with potential employer and business partners as a recruitment tool.

Social Media Monitoring

URBAL monitors Instagram, TikTok, and X for public mentions of @urbal and brand-specific tags. This monitoring is automated via Apache Pinot and is used to generate demand signals for business development. By tagging @urbal publicly, you consent to your public post being included in URBAL's demand signal dataset. No private messages are accessed.

Data Retention

Pledger data is retained for the duration of the raise cycle plus 7 years for tax and audit purposes. If you request deletion prior to raise close, your pledge is treated as withdrawn and the authorisation on your payment method is released. If the raise has already closed funded and you have been charged, the amount is returned. Post-raise data is retained per IRS and OCIO custodian requirements.

03

No Charitable Deduction Disclosure

Pledges Are Not Charitable Contributions

Pledge payments made through the URBAL platform are NOT charitable contributions under IRC Section 170. Pledgers may not claim a charitable deduction for any amount pledged to URBAL. URBAL entities are Public Benefit LLCs, not tax-exempt organizations.

Tax Treatment of Pledge Payments

Pledge payments are conditional prepayments. They are not income to URBAL until the raise closes successfully. If the raise fails and funds are returned, pledgers have no taxable gain or deductible loss. If the raise succeeds and pledge payments are applied toward a PLC, the tax treatment of the PLC acquisition is determined by the PLC agreement terms and applicable state law.

Consultation Required

URBAL does not provide tax advice. Pledgers should consult a qualified tax professional regarding the treatment of pledge payments, PLC acquisition costs, and any applicable state or local tax implications. Nothing on this site constitutes tax advice to individual pledgers.

04

Healthcare Disclosure

URBAL Healthcare Is Not Insurance

The healthcare component of the URBAL monthly fee ($0.2061/sqft/month, covering primary care and dentistry at $0.1550, emergency care at $0.0026, the catastrophe reserve at $0.0300, open-source pharmaceutical R&D at $0.0095 and open-source medical hardware R&D at $0.0090) is a Direct Primary Care (DPC) arrangement and a self-funded reserve fund. It is NOT health insurance, does not satisfy ACA minimum essential coverage requirements, and is not regulated as insurance by any state insurance commissioner.

How Clinicians Are Paid

Physicians, dentists and nurses serving a URBAL town are compensated from the pooled monthly service fee, which is collected at the same per-square-foot rate from both residential dwellings and commercial leases. Clinicians are not paid per visit, per procedure or per test, and no third-party payer sits between a steward and their clinician. Because commercial square footage contributes to the same pool at the same rate, the funding base for clinical care is broader than the residential population alone.

No Medicare or Medicaid Participation

URBAL towns operate outside the Medicare and Medicaid billing systems. Physician and nurse LLCs within URBAL towns do not accept Medicare or Medicaid assignment. Medicare-eligible stewards retain their Medicare entitlement but cannot use Medicare to pay for services received within the URBAL DPC system. Stewards who wish to maintain Medicare coverage for services outside the town may do so independently.

No EMTALA Obligation

URBAL town clinics are not hospital emergency departments and are not subject to EMTALA (Emergency Medical Treatment and Labor Act) obligations. Emergency care requiring hospital-level intervention is handled through a negotiated out-of-town ER contract, the terms of which are publicly available on immutable ledger.

Catastrophe Care Reserve

The catastrophe care reserve ($0.0300/sqft/month — $39.00/month on a 1,300 sqft 2BR) accumulates per-town. It is not a guarantee of coverage for any specific condition or treatment. Reserve fund availability depends on accumulation period, town population, and claim history. URBAL makes no representation that the reserve will be sufficient to cover all catastrophic care events. Stewards are advised to maintain supplemental coverage for catastrophic events during the reserve accumulation phase.