Company: BNBX
Filing Date: 2025-09-29
Form Type: 8-K
Source: 0001104659-25-094465
Chunk: 5

Company: BNB PLUS CORP.
Filing Date: 2025-09-29
Form: 8-K
Item: Item 1.01
Chunk 5
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 described below), if any. The management fee shall be payable
within fifteen (15) days of the Company’s receipt of an invoice from the Services Provider after the end of each month. In addition,
the Company has agreed to pay to the services provider an incentive fee for each Incentive Period (as defined in the Strategic DAS Agreement)
relating to the Account equal to 10% on net returns, multiplied by the amount, if any, by which the increase in net asset value of the
Account during such Incentive Period (excluding any amounts contributed to or withdrawn from the Account during such Incentive Period)
exceeds the sum of (x) net asset value for the Account as of the later of September 29, 2025 and the last time an incentive fee was paid
in respect of the Account and (y) the aggregate management fees, to the extent not included in the calculation of net asset value, to
Services Provider during such Incentive Period.

The Strategic DAS Agreement has an initial term
of five (5) years. The Strategic DAS Agreement may be terminated by (i) either the Company or the Services Provider upon thirty (30) days’
prior written notice for Cause (as defined in the Strategic DAS Agreement); (ii) by either the Company or the Services Provider, without
Cause, effective as of the end of the initial term of the Strategic DAS Agreement or any renewal period, upon at least thirty (30) days’
prior written notice of non-renewal; or (iii) by the Services Provider if it becomes unlawful under any applicable law for Services Provider
to perform any or all of its obligations under the Strategic DAS Agreement, in which case the Services Provider shall immediately suspend
its performance of all unlawful obligations under the Strategic DAS Agreement and terminate it with three (3) days’ prior written
notice to the Company. If the Strategic DAS Agreement is terminated by the Company for any other reason than with respect to the Services
Provider’s Cause or pursuant to clause (ii) of the immediately preceding sentence, or by the Services Provider with respect to the
Company’s Cause, the Company shall pay liquidated damages to the Services Provider in an amount equal to all fees and other compensation
that would have accrued to Services Provider under the Strategic DAS Agreement from the date of the termination through the end of the
then-current term (assuming a net asset value of the Accounts as of the date of termination, plus the