Terms and Definitions

EFO

(Emergency Financing Offering) means a process in the Bitbon System[i], which the Contractat[i] may initiate in order to obtain additional financing of his/her business project in agreement with the Bitup-Agency[i], which supervises implementation of his/her business project, and with Contributors[i] of this project.

The EFO process starts when a supplementary agreement to the Projectbon Public Contract[i] of this project is published, but only after the IBO[i] (Initial Business Offering) is completed.

The EFO process implies an additional issue of a certain amount of Projectbons[i] in favor of Contributors of this project. Three parties take part in the EFO process: Contractat, Bitup-Agency and Contributors. The Bitbon Capitalization Fund[i] does not take part in the EFO process.