Terms and Definitions

Bitup-Agency

means a Bitbon System Participant[i], which has the right to make a decision on the admission of the Contractat’s[i] project to the IBO[i] (Initial Business Offering) and to supervise its implementation in the Bitbon System under the terms and conditions of the Projectbon Public Contract[i] of a specific project by representing and protecting the Contributors’[i] interests.

The Projectbon Public Contract of a specific project defines additional rights and obligations of the Bitup-Agency as one of its independent parties, including control over the backing and repurchasing of Projectbons[i] from Contributors through Assets[i] in cases stipulated by the Projectbon Public Contract of a specific project.

In accordance with Clause 45[i] of the Bitbon System Public Contract, the Bitbon System Participant in the status of a Bitup-Agency receives remuneration designated exclusively in Projectbons in the amount of 10% of the Bitbon Capitalization Fund’s share, i.e. the share which has been received in Projectbons in the process of automatic Contributing, in accordance with the class of the Projectbon Public Contract of a specific project that the given Bitup-Agency supervises.

In accordance with Clause 46[i] of the Bitbon System Public Contract, the Bitbon System Participant in the status of a Bitup-Agency has the right to independently determine the cost of services for performing the basic functions of the Bitup-Agency while preparing for the IBO as well as for further servicing the Contractat’s activities provided that the Contractat fulfills his/her obligations under the terms and conditions of the Projectbon Public Contract of a specific project that the given Bitup-Agency supervises.

Basic functions of the Bitup-Agency:

1. Provision of consulting services to the Bitbon System Participants regarding business-projects at all stages of their implementation.

2. Evaluation of the Contractat’s business project to determine the validity of the proposed business model.

3. Preparation and supervision of the business plan in accordance with the basic international rules of conducting commercial activity.

4. Drawing up the terms and conditions of the Projectbon Public Contract of a specific project in accordance with the business plan approved by the Contractat.

5. Admission of the Contractat’s project to the IBO and supervision of its implementation in the Bitbon System.

6. Control of the Bitbon[i] distribution at all stages of the business project implementation and fulfillment of all obligations by the Contractat under the terms and conditions of the Projectbon Public Contract of this project.

7. Legal support of the Contractat (consulting and supervision of the business-project in the jurisdiction where this business project is being implemented).

8. Provision of additional information during the IBO process at the request of the Contributor, which confirms the validity of the Contractat’s business plan.

9. Controlling the fulfillment of the Contractat’s obligations to the Contributors under the terms and conditions of the Projectbon Public Contract of a specific project.