Ownership Grant Terms & Conditions

Effective Date: April 21, 2025

This Ownership Grant Terms & Conditions document (“Agreement”) is entered into between Terrica Lynn Smith LLC (“Company,” “we,” “us,” or “our”) and the individual submitting an application for the Ownership Grant (“applicant,” “you,” or “your”).

The Ownership Grant is a promotional giveaway designed to support entrepreneurial development. By submitting an application, you acknowledge that you have read, understood, and agreed to be bound by these Terms & Conditions.

1. ELIGIBILITY

To be eligible to apply for the Ownership Grant (“Grant”), you must:

  • Be at least eighteen (18) years of age at the time of submission;

  • Be a legal resident of the United States or its territories;

  • Submit a fully completed application form through our designated online platform;

  • Submit a 90-second (or shorter) video introducing yourself and explaining how the grant will support your business goals;

  • Agree to these Terms & Conditions in full.

Only one application per individual will be accepted. Duplicate entries may result in disqualification.

NO PURCHASE IS NECESSARY to enter or be selected.

2. APPLICATION SUBMISSIONS

Applications must be complete, truthful, and submitted within the designated application window. Video submissions must comply with guidelines outlined on the application page and must not include offensive, defamatory, or infringing content.

All application materials, including video submissions, become the property of the Company and will not be returned.

We reserve the right to disqualify incomplete, fraudulent, or non-compliant applications at our sole discretion.

3. SELECTION PROCESS

Applicants who meet the eligibility criteria will be reviewed by internal reviewers designated by Terrica Lynn Smith LLC. Final recipients will be selected based on qualitative alignment with the purpose of the Ownership Grant, as determined by the Company in its sole and absolute discretion. There is no guarantee of selection or disbursement.

The Company reserves the right to:

  • Select any number of recipients, or none at all;

  • Modify, suspend, or terminate the grant program at any time without prior notice;

  • Withhold grant disbursement for any reason, including suspected fraud or misuse of funds.

4. GRANT DISBURSEMENT

Selected recipients (“Grantees”) will be contacted using the email or phone number provided in their application. Funds may be disbursed in a single installment or over time, at the Company’s discretion.

All grant funds are intended strictly for business use. The Company may request documentation regarding how funds are used. Grantees may be required to sign a release, affidavit of eligibility, and/or provide a Form W-9 prior to receiving funds.

Recipients are solely responsible for any and all tax obligations. If required by law, the Company may issue an IRS Form 1099.

5. NO OWNERSHIP, EQUITY, OR CONTRACTUAL RELATIONSHIP

By submitting an application or being selected as a recipient:

  • You acknowledge and agree that the Ownership Grant is a promotional giveaway and does not constitute an investment, partnership, equity exchange, joint venture, or employment relationship with Terrica Lynn Smith LLC or any of its affiliates.

  • No equity, ownership interest, business partnership, or contractual obligation is created or implied through this grant program.

  • Participation is voluntary and does not require any payment or purchase of services, products, or memberships.

  • This grant is not an offer of securities or an invitation to enter into any business transaction beyond the one-time distribution of promotional funds.

6. CONSENT TO USE OF LIKENESS, VIDEO, AND MEDIA

By submitting an application, you grant Terrica Lynn Smith LLC, its affiliates, licensees, successors, and assigns, a non-exclusive, worldwide, royalty-free, irrevocable, perpetual right and license to use, reproduce, edit, display, publish, distribute, and otherwise exploit:

  • Your name, image, voice, likeness, and personal story;

  • Your application responses and written materials;

  • Your submitted video content;

  • Any photographs, recordings, or written materials provided voluntarily during the grant process;

for the purposes of marketing, advertising, promotional campaigns, internal training, testimonials, public relations, or any other lawful purpose across any media platform now known or developed in the future, including but not limited to websites, email, print, social media, advertising channels, or broadcast platforms.

You understand and agree that no additional compensation will be provided for this usage and that such usage may continue after the grant program concludes.

You waive any right to inspect or approve the final use of such media and release the Company from any liability or claims arising from its use.

7. CONSENT TO COMMUNICATIONS

By submitting your application, you consent to receive email, SMS/text messages, phone calls, and social media messages from Terrica Lynn Smith LLC and its affiliates related to:

  • The Ownership Grant program;

  • Future promotions, events, and offers;

  • Educational or commercial content related to entrepreneurship, business building, or investment opportunities.

You understand that these communications may include marketing messages. You may opt out of promotional communications at any time using the unsubscribe link included in emails or by replying STOP to text messages. Message and data rates may apply.

This consent survives the conclusion of the grant program.

8. PRIVACY POLICY

All personal information collected during the grant application process is subject to our Privacy Policy, which explains how we collect, use, and protect your data.

We do not sell or lease your personal information to third parties. However, your data may be shared with affiliates and trusted service providers for purposes consistent with these Terms & Conditions.

9. LIMITATION OF LIABILITY

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, TERRICA LYNN SMITH LLC SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, OR CONSEQUENTIAL DAMAGES ARISING OUT OF OR RELATING TO THE OWNERSHIP GRANT PROGRAM, INCLUDING BUT NOT LIMITED TO DATA LOSS, TECHNICAL FAILURES, OR MISDELIVERY OF GRANT FUNDS.

ALL GRANTS ARE AWARDED “AS IS” AND WITHOUT WARRANTY OF ANY KIND.

10. MODIFICATIONS AND TERMINATION

We reserve the right to update, revise, or terminate this program or these Terms & Conditions at any time without prior notice. It is your responsibility to review these terms periodically. Continued participation in the grant process after changes are posted constitutes your acceptance of those changes.

11. GOVERNING LAW AND JURISDICTION

This Agreement shall be governed by and construed in accordance with the laws of the State of Louisiana, without regard to conflict of law principles. You agree to submit to the exclusive jurisdiction of the courts located in Lafayette Parish, Louisiana for any legal dispute relating to this Agreement or the Ownership Grant.

12. CONTACT INFORMATION

If you have any questions about the Ownership Grant or these Terms & Conditions, please contact us at:

Terrica Lynn Smith LLC
4400 Ambassador Caffery
Ste A, PMB #376
Lafayette, LA 70508

Email: info@terricalynnsmith.com