Company: BNBX
Filing Date: 2025-12-30
Form Type: 424B3
Source: 0001104659-25-125037
Chunk: 14

Company: BNB PLUS CORP.
Filing Date: 2025-12-30
Form: 424B3
Chunk 14
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 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 described below), if any. The management fee
shall be payable within fifteen 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value of the Account during such Incentive Period (excluding any amounts contributed to or withdrawn from the Account during such Incentive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 the effective date 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 years. The Strategic DAS Agreement may