Terms and Definitions

SFO

(Supplementary Financing Offering) means a process in the Bitbon System[i], which the Contractat[i] may initiate based on the circumstances beyond his/her control after the IBO[i] (Initial Business Offering) process is completed under the terms and conditions of the Projectbon Public Contract[i] in order to attract additional financing using a supplementary agreement to the Projectbon Public Contract of the given project with additional issuing of Projectbons[i] in favor of Contributors[i]. Three parties take part in the SFO: Contractat, Bitup-Agency[i] and Contributors.

The SFO process starts when the Bitup-Agency publishes a supplementary agreement to the Projectbon Public Contract of a specific project.

The SFO process is completed when Contributors determine their shares in the amount of 100% of the total number of Projectbons issued in accordance with the supplementary agreement to the Projectbon Public Contract of a specific project. From this moment on, the terms and conditions of the supplementary agreement to the Projectbon Public Contract of the specific project automatically come into force. After that, the Contractat continues to fulfill his/her obligations taking into account the obligations specified in the supplementary agreement to the Projectbon Public Contract of his/her business project.