Pre-pay Terms

These Pre-pay Terms (the “Terms”) apply to every pre-payment for a paid membership plan made on or after 12 November 2026. In these Terms, “Sourcery”, “we” and “us” mean Sourcery Partners, LLC (the operating company) and Sourcery Group, Inc., doing business as Sourcery Holdings (the holding company).

Who receives payment: a pre-payment may be received by either Sourcery Partners, LLC or Sourcery Group, Inc. Whichever company receives it, the pre-payment is applied to the Company’s membership with Sourcery Partners, LLC under the Membership and User Agreement, and the Company’s rights and obligations are the same. Equity Credits, including the Founding Partner bonus, are granted by Sourcery Group, Inc. under the Equity Credit Programme.

A pre-payment is made by a company (the “Company”) through a person authorised to act for it (the “Payer”). By ticking “I agree to the Pre-pay terms” and completing payment, or by paying a pre-payment invoice, the Payer accepts these Terms on behalf of the Company.

These Terms sit alongside the Membership and User Agreement, which governs the use of Connect, and the Equity Credit Programme, which governs Equity Credits. If these Terms and the Equity Credit Programme differ on anything to do with Equity Credits, the Equity Credit Programme applies.

A pre-payment is payment in advance for one (1) year of paid membership in Sourcery on a Transform, Transform Plus or Transform Pro plan, delivered through Connect 2.0, for the number of Connect licences chosen at the time of payment. Membership earns Equity Credits under the Equity Credit Programme, which are granted after five (5) years of continuous membership if its conditions are met.

• The amount paid is held as a credit in US dollars on the Company’s account.
• When Connect 2.0 launches and the Company chooses its plan, the credit is applied to the Company’s first Connect 2.0 membership invoice.
• The credit may be applied to any Connect 2.0 plan. If the plan chosen costs less than the credit, the balance stays on the account and is applied to the next invoice. If it costs more, the Company pays the difference.
• A pre-payment is a membership fee paid in advance. It is not a deposit, a loan or an investment, and it does not earn interest.

Membership plans belong to companies, not to individuals. A pre-payment can only be made:

• for a company registered on Connect with a verified Company ID (every group of the ID starts with “C”); and
• by a Payer who is registered on Connect with their own Partner ID (every group starts with “S”) and is authorised to bind the Company.

Sourcery checks every pre-payment against its Connect records. If the Company ID cannot be verified, or the Payer is not linked to that Company, Sourcery may cancel the pre-payment and return the full amount to the original payment method.

• Annual only: pre-payments cover one year. Monthly billing is not available for pre-payments.
• Currency: prices are in US dollars, per Connect licence, per year. Any currency conversion or bank charges are the Company’s responsibility.
• Minimum licences: Transform from 2 licences and Transform Plus from 3. Transform Pro starts at 20 licences and is agreed with Sourcery directly.
• Price lock: the price per licence on the date of pre-payment is locked. If membership prices rise, the Company keeps that price until its next billing cycle after the credit is applied.
• Taxes: prices exclude taxes. Where tax applies, it is shown at checkout or on the invoice. The Company is responsible for any tax it must account for itself, such as reverse-charge VAT.

Payments are processed by Stripe on its own secure payment pages. Sourcery never sees or stores card details.

• Up to US$10,000: payment by card or by any other method shown at checkout, including bank transfer where offered. A bank transfer is confirmed when the funds arrive.
• Over US$10,000, and all Transform Pro pre-payments: by invoice only. The invoice is emailed by Stripe and is due within fourteen (14) days. An invoice not paid by its due date may be cancelled.
• A receipt or paid invoice is issued for every pre-payment. It shows the Company ID, the Payer’s Partner ID and the locked price per licence.

Sourcery does not promise a launch date for Connect 2.0. If the launch date moves, the credit simply remains on the Company’s account until launch.

The Company’s one-year membership period starts when the credit is applied to its first Connect 2.0 invoice, not on the date of pre-payment.

A pre-payment is a non-refundable membership fee. It is not refunded if the launch date of Connect 2.0 changes, if Connect 2.0 changes in scope, or if the Company decides not to use it.

The only exceptions are:

• a pre-payment cancelled under Section 3 because the Company could not be verified; and
• where a refund is required by applicable law.

A refund under these exceptions is made to the original payment method. If a pre-payment is refunded or reversed, including through a chargeback, the related credit and the Founding Partner bonus are cancelled.

The pre-payment is for paid membership in Sourcery. If Connect 2.0 is delayed, renamed or released in a different form, the credit is applied to the paid membership plan Sourcery offers that most closely matches the plan pre-paid, at the locked price, and the Company’s membership and Equity Credit eligibility continue under the Equity Credit Programme.

A Company that pre-pays receives a Founding Partner bonus of Equity Credits, in addition to the Equity Credits of its membership plan under the Equity Credit Programme.

• The bonus is a fixed number of Equity Credits per Company. It does not depend on the amount paid or the number of licences.
• It is earned under the same rules as all Equity Credits: built up over five (5) years of continuous membership, counted after three (3) continuous years on the premium plan, and subject to the trading, referral and vesting conditions of the Equity Credit Programme.
• It is not transferable and is lost if the Company’s membership lapses or the pre-payment is refunded or reversed.
• It is separate from the Early Adopter bonus under the Equity Credit Programme.
• Existing Founding Partners, and Partners who pre-paid for membership before these Terms, receive it too.

Equity Credits are earned through membership. They are not bought with a pre-payment, and a pre-payment is not an offer or sale of shares or other securities.

The credit and the Founding Partner bonus belong to the Company. In line with Section 10 of the Equity Credit Programme, they may not be pledged, sold, assigned, encumbered or transferred to any third party, including another company. Any attempted transfer is void unless approved in writing by the Board of Directors of Sourcery Group, Inc.

Sourcery uses the details given with a pre-payment (Company, Company ID, Payer name, Partner ID, email and country) to record the pre-payment, verify the Company, apply the credit and administer the Founding Partner bonus. Stripe processes payment details under its own terms. See our Privacy Policy.

Sourcery may update these Terms for future pre-payments. Changes do not reduce the credit, the locked price or the Founding Partner bonus of a pre-payment already made.

These Terms, and any dispute arising out of or in connection with them, are governed by the laws of the State of Oregon, United States, without giving effect to any choice or conflict of law rule.

Questions about a pre-payment, an invoice or these Terms: billing@thesourcery.io.