Company: BNBX
Filing Date: 2025-09-29
Form Type: 8-K
Source: 0001104659-25-094465
Chunk: 4

Company: BNB PLUS CORP.
Filing Date: 2025-09-29
Form: 8-K
Item: Item 1.01
Chunk 4
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 cryptocurrency wallets established and controlled by the Company, to which the Services Provider has restricted
and trade-only access. Title to the Account and all Account Assets shall be held in the name of the Company, provided that for convenience
in buying, selling and exchanging assets, with the consent of the Company, title to such assets may be held in the name of a third-party
custodian acceptable to the Company and the Services Provider (the “ Custodian”).

The Services Provider will be compensated according
to a management and incentive fee schedule as set forth in the Strategic DAS Agreement. The Company is responsible for all reasonable
and documented expenses related to the operation of the Account, including custodial fees, bank service fees, brokerage commissions and
all other brokerage transaction costs, clearing and settlement fees, interest and withholding or transfer taxes incurred in connection
with trading for the Account, and any other reasonable and documented fees and expenses related to the trading and investment activity
of the Account. The Services Provider does not provide advice with respect to, or manage, and the Account Assets shall not include any
assets reasonably know to Services Provider to be, “investment securities” as defined under the Investment Company Act of
1940 (the “ Investment Company Act”) or “commodity interests” as defined under the Commodity Exchange Act of 1936,
as amended (the “ CEA”). In addition, the arrangement is structured to avoid requiring (i) the registration of either the Account,
the Company, the Services Provider or any of their respective affiliates as an investment company under the Investment Company Act, (ii)
the registration of Services Provider or any of its affiliates as an investment adviser under the United States Investment Advisers Act
of 1940, as amended, (iii) the Account or the Company or any of its affiliates to become a “commodity pool” as defined in
the CEA, and (iv) the Services Provider or any of its affiliates to register as a commodity pool operator or commodity trading advisor
pursuant to the CEO or to become a member of the National Futures Association.

As set forth in the Strategic
DAS Agreement, the Company has agreed to pay to the Services Provider a fixed-rate management fee accrued and payable monthly (prorated
for partial months) in arrears, equal to 1/12 of 1.25% per annum multiplied by the net asset value of the Account as of the last day of
each month, before taking into account the estimated accrued incentive fee (as