Bitbon System Public Contract

Clause 1. Bitbon System Public Contract (hereinafter — the Agreement) means a digital document, a type of social contract of statutory nature, basic constitutive agreement between Simcord Company, the founder of the Bitbon System[i], and all Bitbon System Participants[i], where Simcord also acts as the Bitbon System Operator[i]. This Agreement identifies tasks and objectives of the Bitbon System, determines and establishes the basis for its development as well as stipulates a set of basic terms and conditions for the creation and use of Digital Assets[i] in the Bitbon System, fulfillment of which is mandatory for all Bitbon System Users[i].

Clause 2. The Bitbon System Public Contract has been created based on the Simcord Company’s decision to issue Bitbons[i] and to organize the Bitbon System Decentralized Autonomous Community.

Clause 3. As the founder of the Bitbon System[i], Simcord Company has issued 100,000,000 Bitbons[i] for the Bitbon System Users[i] to use possibilities laid down in the Bitbon System as well as for the Bitbon System Participants[i] to exercise their right to directly manage the Bitbon System in the interests of all its Users.

Clause 4. As the founder of the Bitbon System[i], Simcord Company shall transfer 70,000,000 Bitbons out of the total number of Bitbons issued in accordance with Clause 3[i] hereof to the Assetbox[i] of the Bitbon System Capitalization Fund[i] for further distribution through affiliated partners in compliance with the terms and conditions set out in the Bitbon System White Paper.

Clause 5. All Bitbons[i] that have not been distributed by the Bitbon System Capitalization Fund[i] until October 10, 2018, in accordance with Clause 4[i] hereof, remain in the Assetbox[i] of the Bitbon System Capitalization Fund for automatic Contributing[i] by the Bitbon System Capitalization Fund in order to back Bitbons by Assets[i] for the benefit of all Bitbon System Participants[i].

Clause 6. As the founder of the Bitbon System[i], Simcord Company shall reserve 30,000,000 Bitbons out of the total number of Bitbons issued in accordance with Clause 3[i] hereof in its Assetbox[i] to use them as the Bitbon System Participant[i], inter alia, to create and implement innovative solutions as well as to support, update and develop the intellectual software and hardware infrastructure of the Bitbon System.

Clause 7. The Bitbon System[i] launch is the moment when the Bitbon System Public Contract comes into force.

Clause 8. The Bitbon System Public Contract shall come into force on March 10, 2018.

Clause 9. The Bitbon System Public Contract consists of Clauses and separate Appendices. The structure of the Bitbon System Public Contract foresees footnotes and links to separate Appendices, which are an integral part hereof. No other Appendices adopted in the Bitbon System[i] can contradict by their nature the Clauses of the Bitbon System Public Contract.

Clause 10. The Bitbon System Public Contract and all the Appendices, which are an integral part hereof, shall be subject to mandatory publication on the official information resources of the Bitbon System[i].

Clause 11. The Bitbon System Public Contract includes Clauses and separate Appendices mentioned below, which are an integral part hereof and come into force only after their publication on the official information resources of the Bitbon System[i]:

  • Bitbon System Legal Nature” (being prepared...)
  • “Terms and Definitions in the Bitbon System” (published)
  • Bitbon System Management” (being prepared...)
  • Bitbon System Capitalization Fund” (being prepared...)
  • “Bitup-Agency’s Functions in the Bitbon System” (being prepared...)
  • “Rules of Contributing” (being prepared...)
  • Bitbon System Operator” (being prepared...)
  • “Mining in the Bitbon System” (being prepared...)
  • “Use of Digital Assets for Mutual Settlements for Goods, Works and Services in the Bitbon System” (being prepared...)
  • “Making Amendments and/or Additions to the Bitbon System Public Contract” | Download the document .pdf
  • “Resolving Disputes Between the Bitbon System Users” (being prepared...)
  • “Resolving Issues of Digital Asset Inheritance in the Bitbon System” (being prepared...)
  • “Restoring Users’ Access to Their Accounts in the Bitbon System” (being prepared...)
  • “Anti-Money Laundering Provisions” (being prepared...)
  • “Privacy Policy in the Bitbon System” (being prepared...)
  • “Policy of Rights and Freedoms of the Bitbon System Users” (being prepared...)
  • “Asset Digitization Procedure in the Bitbon System” (being prepared...)
  • Bitbon Protocol” (being prepared...)
  • “Currency Bon Protocol” (being prepared...)
  • “Property Bon Protocol” (being prepared...)
  • “Non-Property Bon Protocol” (being prepared...)
  • “Projectbon Protocol” (being prepared...)
  • “Commodity Bon Protocol” (being prepared...)
  • “Scientometric Bon Protocol” (being prepared...)
  • “Crypto Currency Bon Protocol” (being prepared...)
  • “Rules of Transferring Digital Assets in the Bitbon System” (being prepared...)

Clause 12. This Agreement is applied within the Bitbon System[i], has the highest legal force and direct effect on the Bitbon System Users[i].

Clause 13. Amendments and/or additions may be made to the Bitbon System Public Contract only if such amendments and/or additions do not contradict Clauses and Appendices of the Bitbon System Public Contract, which are an integral part hereof, and solely in the manner described in the Appendix “Making Amendments and/or Additions to the Bitbon System Public Contract”.

Clause 14. No other ideology can be established in the Bitbon System[i] except for the one presented on the official information resources of the Bitbon System[i].

Clause 15. The official information resources of the Bitbon System[i] are not intended and cannot contain any advertising materials of companies and projects for the purpose of obtaining commercial benefits, except for statistical information related to the Blockchain[i] functioning, Bitbon System Capitalization[i] and Contractats’[i] business projects submitted in the general procedure.

Clause 16. The Bitbon System is an integral blockchain[i]-based decentralized platform, which allows its Users[i] to fully own their Assets[i], i.e. to record their property right to Assets in the form of their unique digital copies in the Bitbon System Blockchain by completing the Asset Digitization Procedure[i] in order to implement safe and adequate exchange of the given Assets between the Bitbon System Users without intermediaries and money. The Bitbon System Participants[i] are also given an opportunity to participate in Contributing[i] under the terms and conditions of Projectbon Protocols[i] of various business projects. The key component of the Bitbon System is Bitbon[i].

Clause 17. The ownership of Bitbon[i] does not oblige the Bitbon System Participant[i] to take part in Contributing[i].

Clause 18. The Bitbon System[i] is related to information technology intended to be used for management of property and/or (property, non-property) rights of a natural person and/or business entity, which represent tangible assets, including Digital Assets[i], crypto currency, money and various kinds of works, services.

Clause 19. The Bitbon System[i] functionality provides its Users[i] with an opportunity without using money to manage various kinds of Digital Assets[i] — Bon[i], Projectbon[i] and Bitbon[i], the significance of which is recognized by all Bitbon System Users.

Clause 20. The main instrument of the Bitbon System[i] is Bitbon[i], which is a Digital Asset[i] derived from Divaunit[i] (Digitized value unit) by means of Projectbons[i], which belong to the Bitbon System Capitalization Fund[i]. Bitbon is an alphanumeric identifier registered in the Blockchain[i] with an ability to circulate only in the Bitbon System. The Bitbon Digital Asset is a unit of measurement of the exchange value of all Digital Assets and ensures their ability to circulate in the Bitbon System. This Digital Asset is created and given unique attributes and properties based on the Bitbon System Public Contract and the Bitbon Protocol[i]. The use of Bitbon allows establishing and controlling legal relations between the owner of the Asset[i] and the owner of the Digital Asset as well as mutual relations of the Bitbon System Users[i], whereby only the transferrable right of claim of the owner of the Digital Asset to the owner of the Asset can be in circulation, which is aimed at fulfilling the obligations set by the owner of the Asset and derived from the property right to the Asset (right to own, use and dispose of the Asset) under the terms and conditions recorded in the relevant Digital Asset Protocol[i].

Clause 21. Bitbon[i] is backed by the total amount of Projectbons[i] in the Bitbon System Capitalization Fund[i] obtained in the process of automatic Contributing[i].

Clause 22. Projectbon[i] is an instrument for Contributing[i], i.e. a Digital Asset[i] derived from Divaunit[i] and a certain class of the Projectbon Protocol[i], represented as an alphanumeric identifier and registered in the Blockchain[i] with an ability to circulate only in the Bitbon System[i]. The Bitup-Agency[i] creates this type of the Digital Asset by giving it unique attributes and properties. Projectbon is a form of mutual obligations of the Contractat[i] and Contributors[i] in accordance with the terms and conditions of the Projectbon Protocol of a specific business project.

Clause 23. Projectbon[i] is backed by Divaunit(s)[i], which is/are an object of providing the Contractat’s[i] obligations to Contributors[i].

Clause 24. The Bon[i] Digital Asset is an instrument derived from the digitized value unit (Divaunit[i]), represented as an alphanumeric identifier and registered in the Blockchain[i] with an ability to circulate only in the Bitbon System[i]. The Bitbon System User[i] creates the Bon Digital Asset from Divaunit as a result of completing the Asset Digitization Procedure[i] by giving it unique attributes and properties. Bon is a form of mutual rights and obligations of the owner of the Asset and the owner of the Bon Digital Asset in accordance with the terms and conditions of a specific Bon Protocol[i].

Clause 25. Bon[i] is backed by Divaunit(s)[i] as a result of completing the Asset Digitization Procedure[i] in accordance with the Appendix “Asset Digitization Procedure in the Bitbon System”, which is an integral part hereof.

Clause 26. The mandatory condition for the Divaunit[i] existence in the Bitbon System[i] is that the owner of the Asset[i] guarantees its safety and accounting for the period of existence of a unique digital copy of the Asset in the Bitbon System Register of Unique Digital Copies of Assets.

Clause 27. The Bitbon System[i] is managed by all Bitbon System Participants[i]. No person shall claim superiority and establish any form of control in the Bitbon System since all Bitbon System Participants have equal rights.

Clause 28. The Bitbon System User[i], who owns Bitbons[i], has the status of a Bitbon System Participant[i].

Clause 29. The Bitbon System Participant[i] is always the Bitbon System User[i], but the User is not always the Participant, only in case he/she has Bitbons[i].

Clause 30. The status of a Bitbon System User[i] can be obtained by anyone who directly performed an action, which entailed an event in the Bitbon System[i].

Clause 31. When the Bitbon System Participant[i] transfers any part of his/her Bitbons[i] to another Bitbon System User[i], such a User receives all the rights of the previous Bitbon owner in proportion to the transferred part, which are stipulated by the Bitbon System Public Contract. Therefore, such a User obtains the status of a Bitbon System Participant.

Clause 32. The Bitbon System Participant[i] has the right to own, use and dispose of his/her Bitbons[i], at his/her sole discretion, in accordance with the applicable legislation.

Clause 33. Simcord Company shall not claim any rights to Bitbons[i], which it does not own.

Clause 34. Only the Bitbon System Participants[i] have the right to manage the Bitbon System[i] in the interests of all its Users[i] by making decisions though the voting procedure in the manner established in the Appendix “Bitbon System Management”, which is an integral part hereof.

Clause 35. Contributing[i] starts when a separate Appendix “Rules of Contributing”, which is an integral part hereof, is published on the official information resources of the Bitbon System[i].

Clause 36. The principle laid down in Contributing[i] allows the Contractat[i] (Asset[i] owner) and the Bitbon System Participants[i] by means of Projectbons[i] to establish and to control their mutual relations with the possibility of having in circulation only the transferrable right of claim aimed at fulfilling the mutual obligations of the Contractat and Contributors[i] in accordance with the terms and conditions of the Projectbon Protocol[i] of a specific business project. At the same time, the Asset itself remains the property of its owner in accordance with the terms and conditions of the Projectbon Protocol of a specific business project solely as an object of providing the Contractat’s obligations to Contributors.

Clause 37. The Bitbon System Capitalization Fund[i] is an integral component of the Bitbon System[i]. The purpose of the Bitbon System Capitalization Fund is to provide a mechanism that allows increasing the volume of the Fund’s capitalization and the overall Bitbon System Capitalization[i] through automatic Contributing[i] encouraging effective management of the Bitbon System by the Bitbon System Participants[i] in the interests of all Bitbon System Users[i].

Clause 38. The legal status of the Bitbon System Participant[i] defines him/her as a joint owner of shares of all Bitbons[i] and Projectbons[i] available in the Bitbon System Capitalization Fund[i]. The share of each Bitbon System Participant in the Bitbon System Capitalization Fund is determined by the Bitbon amount available in the Assetbox[i] of such a Participant.

Clause 39. The Bitbon[i] liquidity is generated by virtue of Bitbon backing, by market means based on supply and demand as a result of interaction among the Bitbon System Users[i] in the process of Contributing[i] and mutual settlements between the Bitbon System Users.

Clause 40. The Bitbon System[i] allows the issue of Bitbons[i] to exceed the amount specified in Clause 3[i] hereof in the following processes:

  • IBO[i] (Initial Business Offering);
  • SFO[i] (Supplementary Financing Offering);
  • APG[i] (Automatic Project Grant).

Bitbons are issued exclusively in favor of the Bitbon System Capitalization Fund[i] for the purpose of its participation in automatic Contributing[i] based on the certain classes of Projectbon Protocols[i] of specific business projects. Bitbons are issued when the Bitbon System Capitalization Fund cannot serve its purpose in accordance with Clause 37[i] hereof.

In case, when the Bitbon System Capitalization Fund is able to serve the above-mentioned purpose, no need exists to issue Bitbons, since it means that the Bitbon System Capitalization Fund has sufficient amount of its own Bitbons to participate in automatic Contributing.

Clause 41. It is forbidden to create Digital Asset Protocols[i] in the Bitbon System[i], the terms and conditions of which can be classified as loan interest (debt interest).

Clause 42. The Bitbon System Users[i] undertake to follow the principle of solidarity within the Contributing[i] process, the main point of which is the joint interest of the parties when implementing the terms and conditions of the Projectbon Protocol[i] of a specific business project.

Clause 43. Legal relations between owners of Assets[i] and owners of Digital Assets[i] are regulated on the basis of the Appendix “Rules of Contributing”, which is an integral part hereof, as well as on the basis of the terms and conditions of Projectbon Protocols[i] of specific business projects.

Clause 44. The Bitbon System[i] provides an opportunity for all Bitbon System Users[i] to make an adequate exchange of Assets[i] in accordance with the Appendices “Use of Digital Assets for Mutual Settlements for Goods, Works and Services in the Bitbon System” and “Rules of Transferring Digital Assets in the Bitbon System”, which are an integral part hereof.

Clause 45. The Bitbon System[i] shall not regulate the relations between the Bitbon System Users[i], which are not listed in the Bitbon System Public Contract or Digital Asset Protocols[i]. Such relations are built outside the Bitbon System based on the current legislation.

Clause 46. All disputes between the Bitbon System Users[i] shall be resolved in accordance with the procedure established in the Appendix “Resolving Disputes Between the Bitbon System Users”, which is an integral part hereof.

Clause 47. The Bitbon System User[i] in the status of a Bitbon System Operator[i] shall conduct activity aimed at organizing and automating the technological interaction among all Bitbon System Users by providing access to the single digital space for all Bitbon System Users and all necessary tools for conducting activity within the Bitbon System[i], thus ensuring integrity and functionality of the Bitbon System.

Clause 48. The Bitbon System Operators[i] shall interact with each other on regular basis in order to upgrade digital processes aimed at supporting and developing the IT infrastructure of the Bitbon System[i].

Clause 49. The Bitbon System Operators[i] shall create all conditions for fair and free competition among the Bitbon System Users[i] in accordance with the terms and conditions stipulated in the Bitbon System Public Contract and in the Appendix “Bitbon System Operator”, which are an integral part hereof.

Clause 50. The Bitbon System Operators[i] undertake obligations to inform all Bitbon System Users[i] about amendments and additions to the Bitbon System Public Contract stipulated in Clause 13[i] hereof on the official information resources of the Bitbon System[i].

Clause 51. The Bitbon System Operators[i], by fulfilling their obligations in accordance with Clause 47[i] hereof, strive to automate all processes in the Bitbon System ensuring fulfillment of all Clauses of the Bitbon System Public Contract through software algorithms — blockchain[i]-based Smart Contracts[i] that are subject to mandatory open Audit[i] if such an Audit does not threaten the functional integrity of the Bitbon System.

Clause 52. The activity of the Bitbon System User[i] may be suspended only in cases of improper use of the Bitbon System[i], which are stipulated in the Bitbon System Public Contract or in the Appendices, which are an integral part hereof.

Clause 53. The Bitbon System[i] does not impose any restrictions on selecting one or more types of activity by the Bitbon System User[i]. Each Bitbon System User has the right to undertake one or more types of activity as well as to replace one activity with another, at his/her sole discretion, in the event that it does not contradict a specific Digital Asset Protocol[i] and the Bitbon System Public Contract as a whole.

Clause 54. As the founder of the Bitbon System[i], Simcord Company establishes a commission in Bitbons[i] in the amount of 0.1% from the value of a Digital Asset designated in Bitbons for transfers of Digital Assets[i] within the Bitbon System. The commission is distributed in the following parts: 0.03% in favor of Simcord Company and 0.07% in favor of the Mining Fund[i] in accordance with the Appendix “Rules of Transferring Digital Assets in the Bitbon System”, which is an integral part hereof.

Clause 55. As the founder of the Bitbon System[i], Simcord Company transfers to its ownership 10% from the number of Projectbons[i] received by the Bitbon System Capitalization Fund[i] in the process of automatic Contributing[i] in accordance with the classes of Projectbon Protocols[i] of specific business projects.

Clause 56. The Bitbon System User[i] in the status of a Bitup-Agency[i], being the representative of the Bitbon System Participants[i], undertakes obligations to fully supervise implementation of the Contractat’s[i] project in the Bitbon System[i] by representing and protecting Contributors’[i] interests. As the founder of the Bitbon System, Simcord Company establishes that the Bitbon System Capitalization Fund[i] shall transfer 10% from the number of Projectbons[i] received by the Fund in the process of automatic Contributing[i] to the Bitup-Agency’s ownership in accordance with the class of the Projectbon Protocol[i] of a specific business project, whose implementation the given Bitup-Agency supervises. Thus, the Bitup-Agency automatically receives the status of a Contributor of a specific business project and takes part in the Obventing[i] process.

Clause 57. In accordance with Clause 45[i] hereof, the Bitbon System User[i] in the status of a Вitup-Agency[i] has the right, at his/her own discretion, to evaluate services as part of relations, which are not explicitly indicated in the Bitbon System Public Contract and/or Digital Asset Protocols[i]. Such relations are built outside the Bitbon System.

Clause 58. The Bitbon System User[i] in the status of a Bitup-Agency[i] has the right, at his/her own discretion, to determine the cost of services for performing the Asset Digitization Procedure[i] and functions of the Bitup-Agency that are stipulated in the Appendix “Functions of the Bitup-Agency in the Bitbon System”, which are an integral part hereof, as well as other services stipulated in the Bitbon System Public Contract and/or Digital Asset Protocols[i]. In this case, mutual settlements for such services are carried out in the Bitbon System[i] exclusively in Digital Assets[i].

Clause 59. The Bitbon System User[i] in the status of a Projectbon Promoter[i] undertakes obligations to provide full range of mechanisms on the public internet resources he/she owns in order to promote business projects and attract Bitbon System Users for their further participation in the IBO[i] (Initial Business Offering) process. As the founder of the Bitbon System[i], Simcord Company establishes that the Bitbon System Capitalization Fund[i] in favor of all Bitbon System Users in the status of Projectbon Promoters transfers 10% from the number of Projectbons[i] received by the Fund in the process of automatic Contributing[i] in accordance with the class of Projectbon Protocols[i] of specific business projects. The given 10% of Projectbons are distributed among the Projectbon Promoters in proportion to the amount of Projectbons that Contributors[i] have exchanged for Bitbons[i] using the information resources provided separately by each Projectbon Promoter. Thus, the Projectbon Promoter automatically receives the status of a Contributor of a specific business project and takes part in the Obventing[i] process.

Clause 60. Under the terms and conditions of the Projectbon Protocol[i] of his/her project, the Bitbon System User[i] in the status of a Contractat[i] may determine the amount of remuneration designated in Bitbons[i] in favor of Projectbon Promoters[i] in the Contributing[i] process.

Clause 61. The Bitbon System User[i] in the status of a Bitbon System Miner[i] undertakes obligations to participate in supporting and developing the decentralized environment for the Bitbon System[i] functioning. As the founder of the Bitbon System, Simcord Company establishes remuneration in favor of the Mining Fund[i] in the amount of 10% of the Bitbon System Capitalization Fund’s[i] benefit obtained from Obventing[i] over a certain time period and designated in Bitbons[i] as well as remuneration in the amount of 70% of the commission for transferring Digital Assets[i] within the Bitbon System in accordance with Clause 54[i] hereof.

The Bitbon System foresees two mining methods:

  • Consensus building mining. In order to participate in consensus building in the Bitbon System, the Miner allocates a certain amount of his/her Bitbons. The Miner’s remuneration is determined based on the amount of allocated Bitbons and the degree of participation in the process of organizing the Miner Community in accordance with the Appendix “Mining in the Bitbon System”, which is an integral part hereof.
  • Infrastructure building mining. In order to provide infrastructure of the Bitbon System, the Miner allocates his/her resources. The amount of remuneration received by each Miner depends on technical properties and characteristics of the resources provided by the Miner, including the quality and speed of the Internet channel, CPU time and the amount of memory for long-term data storage, in accordance with the Appendix “Mining in the Bitbon System”, which is an integral part hereof.

The remuneration for mining is allocated from the Mining Fund and is distributed among the Bitbon System Miners based on the quantity and quality of the resources utilized by each Bitbon System Miner individually.

Clause 62. Clauses and Appendices of the Bitbon System Public Contract, including amendments and additions, which have not been published, are not applied to the Bitbon System[i]. Any amendments and/or additions to the Bitbon System Public Contract cannot be accepted and cannot be applied unless they are published on the official information resources of the Bitbon System[i], which are publicly available to all Bitbon System Users[i].

Clause 63. Amendments and/or additions to Clauses of the Bitbon System Public Contract and to separate Appendices, which are an integral part hereof, and which have been brought to the attention of the Bitbon System Users[i] in any way not provided for by Clause 13[i] of this Agreement, are void.

Clause 64. The activity of the Bitbon System Users[i], whose purposes and actions are aimed at violating the Bitbon System[i] integrity and/or making amendments and/or additions to the Bitbon System Public Contract in any way not provided for in Clause 13[i] hereof, is prohibited.

Clause 65. The Bitbon System[i] establishes the principle of the Bitbon System Participants[i] being aware of the fact that their Digital Assets[i] are an integral part of the Bitbon System as an Asset[i] owned by all Bitbon System Participants.

Clause 66. After the present Agreement comes into force, the Bitbon System[i] shall develop under the terms of the transition period. Under these terms, the Bitbon System Participants[i] shall empower Simcord Company to take the following actions:

  • During the transition period, to perform solely duties of the Bitbon System Operator[i].
  • During the transition period, to make amendments and/or additions to the Bitbon System Public Contract stipulated in Clause 13[i] hereof.
  • During the transition period, prepare and publish all the Appendices of the Bitbon System Public Contract in accordance with Clause 11[i] hereof in the order of priority of their application in the Bitbon System.
  • Clause 21[i] hereof shall come into force upon the start of Contributing[i]. Before the launch of Contributing, during the transition period, the Bitbon[i] Digital Asset is backed in accordance with the Bitbon Protocol[i].
  • During the transition period, Simcord Company seeks to transfer part of its powers to the Bitbon System Users[i] in the status of a Bitbon System Operator.

Clause 67. In general, the activity of Simcord Company is based on the ideology laid down in the Bitbon System[i] and in the core principle stated in the Company’s mission — to create and transfer a tool to the humankind that will entirely change the vector of its development as well as the sense and way of life, providing everyone with an opportunity to realize his/her potential. Based on the above, Simcord Company has determined that, if the total number of the Bitbon System Operators[i] in the Bitbon System exceeds 1,345 (one thousand three hundred and forty-five), Simcord Company shall make a decision to terminate the terms of the transition period, which means the transition of the Bitbon System to completely decentralized management by the Bitbon System Participants[i].

GENERAL CONDITIONS OF CLAUSES OF THE BITBON SYSTEM PUBLIC CONTRACT

1. Amendments and/or additions to this Agreement can be made solely under the rules provided for in the Appendix “Making Amendments and/or Additions to the Bitbon System Public Contract”.

2. If there is any discrepancy between various forms (written, printed, electronic, etc.) of this Agreement, its electronic version placed in this section shall prevail.

3. This Agreement is translated into English and/or other languages for convenience only. In case of different interpretation of the original version of this Agreement and its translation into English and/or other languages, the Russian version shall prevail.

4. Whenever the context shall require, all words herein in the masculine gender shall be deemed to include the feminine or neutral genders, all singular words shall include the plural, and plural words shall include the singular.

5. If there are any differences in the interpretation of the terms of this Agreement, one shall be guided by their definitions in the Appendix “Terms and Definitions in the Bitbon System”.