Common use of Points Accrual Clause in Contracts

Points Accrual. 4.1 Except for promotional offers and exclusions stated below, spend on Card enrolled in the programme will earn one and a quarter (1.25) points in the Programme Account for every full S$1.00 spent on all spend, except for accelerated rewards, other rewards, and the exclusions stated below on your eligible Corporate Card Account, subject to Merchant acceptance, two (2) points for every S$1.00 spent on foreign currency transactions (purchases of goods and services made in a currency other than Singapore Dollars), Amazon Web Services, Facebook Advertising, Google Ads, Grab (excluding GrabPay top-ups) and Microsoft Online Store, half a point (0.5) point per S$1.00 spend at AIA insurance and selected utilities providers (Best Electricity, Geneco, Keppel Electric, PacificLight, Sembcorp Energy, Senoko Energy, Sunseap Energy and Tuas Power which may be amended by American Express from time to time), quarter of a point (0.25) per S$1.00 spend at Singtel and SP Utilities, charged and billed on the Corporate Card Account which is in good standing at the time of billing. 4.2 At all times, points accrued in your programme account remain our property and do not constitute property of the company. Points are not transferable by operation of law or otherwise to any person or entity. Each Corporate Membership Rewards point has no cash redemption value, or other cash or monetary value except that which American Express may, in its sole discretion allow the company to redeem points for certain rewards. 4.3 Points cannot be transferred to any other Corporate Membership Rewards programme or Individual Membership Rewards programme account. 4.4 When enrolling a Card Account into the Corporate Membership Rewards programme that was previously enrolled in an Individual Membership Rewards programme, any points already accrued under the Individual Membership Rewards programme cannot be transferred to the programme account and must either be redeemed by the Card Member prior to enrolment in the programme or they will be forfeited. However, if a Card Member has more than one American Express Card account enrolled in the Individual Membership Rewards programme, any points accrued in the Individual Membership Rewards programme account will remain valid and linked to the other American Express Card accounts enrolled in the Individual Membership Rewards programme. You are responsible for informing the Card Member of the cancellation of their participation in Individual Membership Rewards programme and that the Card Member has thirty (30) days from the date of cancellation to redeem, if necessary, their Individual Membership Rewards programme points. When transferring a Card Account to a Corporate Membership Rewards programme from another Corporate Membership Rewards programme within the same company, any points already accrued under the original programme cannot be transferred to the new programme. 4.5 From time to time we may offer the opportunity to accrue extra points for charges made at particular merchants or during a specific period of time. Such offers will be subject to this agreement as well as additional terms and conditions specific to the offer.

Points Accrual. 4.1 Except for promotional offers and the exclusions stated below, spend on Card Cards enrolled in the programme Programme will earn one and a quarter (1.251) points in the Programme Account Corporate Membership Rewards point for every full S$1.00 spent on all spend, except for accelerated rewards, other rewards, and the exclusions stated below on your eligible Corporate Card Account, subject to Merchant acceptance, two (2) points for every S$1.00 spent on foreign currency transactions (purchases of goods and services made in a currency other than Singapore Dollars), Amazon Web Services, Facebook Advertising, Google Ads, Grab (excluding GrabPay top-ups) and Microsoft Online Store, half a point (0.5) point per S$1.00 spend at AIA insurance and selected utilities providers (Best Electricity, Geneco, Keppel Electric, PacificLight, Sembcorp Energy, Senoko Energy, Sunseap Energy and Tuas Power which may be amended by American Express from time to time), quarter of a point (0.25) per S$1.00 spend at Singtel and SP Utilities, pound sterling charged and billed on the Corporate to a Card Account which is in good standing at the time of billing. 4.2 At all times, points accrued in your programme account Programme Account remain our property and do not constitute property of the companyCompany. Points are not transferable by operation of law or otherwise to any person or entity. Each Corporate Membership Rewards point has no cash redemption value, or other cash or monetary value except that which American Express may, in its sole discretion discretion, allow the company Company to redeem points for certain rewards. 4.3 Points cannot be transferred to any other Corporate Membership Rewards programme Programme or Individual Membership Rewards programme Programme account. 4.4 When enrolling a Card Account into the Corporate Membership Rewards programme Programme that was previously enrolled in an Individual Membership Rewards programmeProgramme, any points already accrued under the Individual Membership Rewards programme Programme cannot be transferred to the programme account Programme Account and must either be redeemed by the Card Member Cardmember prior to enrolment in the programme Programme or they will be forfeited. However, if a Card Member Cardmember has more than one American Express Card card account enrolled in the Individual Membership Rewards programmeProgramme, any points accrued in the Individual Membership Rewards programme Programme account will remain valid and linked to the other American Express Card card accounts enrolled in the Individual Membership Rewards programmeenrolled. You are responsible for informing the Card Member Cardmember of the cancellation of their participation in Individual Membership Rewards programme and that the Card Member Cardmember has thirty (30) days from the date of cancellation to redeem, if necessary, their Individual Membership Rewards programme Programme points. When transferring a Card Account to a Corporate Membership Rewards programme Programme from another Corporate Membership Rewards programme Programme within the same companyCompany, any points already accrued under the original programme Programme cannot be transferred to the new programmeProgramme. 4.5 From time to time we may offer the opportunity to accrue extra points for charges made at particular merchants or during a specific period of time. Such offers will be subject to this agreement Agreement as well as additional terms and conditions condition specific to the offer.

Points Accrual. 4.1 Except for promotional offers and the exclusions stated below, spend on Card Cards enrolled in the programme Program will earn one and a quarter (1.251) points in the Programme Account Corporate Membership Rewards point for every full S$1.00 spent on all spend, except for accelerated rewards, other rewards, and the exclusions stated below on your eligible Corporate Card Account, subject to Merchant acceptance, two (2) points for every S$1.00 spent on foreign currency transactions (purchases of goods and services made in a currency other than Singapore Dollars), Amazon Web Services, Facebook Advertising, Google Ads, Grab (excluding GrabPay top-ups) and Microsoft Online Store, half a point (0.5) point per S$1.00 spend at AIA insurance and selected utilities providers (Best Electricity, Geneco, Keppel Electric, PacificLight, Sembcorp Energy, Senoko Energy, Sunseap Energy and Tuas Power which may be amended by American Express from time to time), quarter of a point (0.25) per S$1.00 spend at Singtel and SP Utilities, ¥100 charged and billed on the Corporate to a Card Account which is enrolled in the Corporate Membership Rewards Program and is in good standing at the time of billing. With regard to the charges incurred at certain Service Establishments designated by American Express, point will be accrued at a rate of one (1) point for each ¥200. 4.2 At all times, points accrued in your programme account Program Account remain our property and do not constitute the property of the companyCompany. Points are not transferable by operation of law or otherwise to any person or entity. Each Corporate Membership Rewards point has no cash redemption value, or other cash or monetary value except that which American Express may, in its sole discretion allow the company to redeem points for via certain rewardsredemption options. 4.3 Points cannot be transferred to any other Corporate Membership Rewards programme Program or Individual Membership Rewards programme accountProgram Account. 4.4 When enrolling a Card Account into the Corporate Membership Rewards programme Program that was previously enrolled in an Individual Membership Rewards programmeProgram, any points already accrued under the Individual Membership Rewards programme Program cannot be transferred to the programme account Program Account and must either be redeemed by the Card Member prior to enrolment in the programme or they will be forfeited. However, if a Card Member has more than one American Express Card account enrolled in the Individual Membership Rewards programme, any points accrued in the Individual Membership Rewards programme account will remain valid and linked to the other American Express Card accounts enrolled in the Individual Membership Rewards programme. You are responsible for informing the Card Member of the cancellation of their participation in Individual Membership Rewards programme Program and that the Card Member has thirty (30) days from the date of cancellation to redeem, if necessary, their Individual Membership Rewards programme Program points. However, if a Card Member has more than one American Express Card account enrolled in a single Individual Membership Rewards Program Account, any points accrued in the Individual Membership Rewards Program Account will remain valid and linked to the other American Express Card Accounts enrolled in the Individual Membership Rewards Program. When transferring a Card Account to a Corporate Membership Rewards programme Program from another Corporate Membership Rewards programme Program within the same company, any points already accrued under the original programme Program cannot be transferred to the new programmeProgram. 4.5 From time to time we may offer the opportunity to accrue extra points for charges made at particular merchants or during a specific period of time. Such offers will be subject to this agreement as well as additional terms Terms and conditions Conditions specific to the offer.