Company: BNBX
Filing Date: 2025-11-04
Form Type: 424B5
Source: 0001104659-25-105958
Chunk: 13

Company: BNB PLUS CORP.
Filing Date: 2025-11-04
Form: 424B5
Chunk 13
---
 shall not include
any assets reasonably known 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 CEA 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during such Incentive Period (excluding any amounts contributed to or withdrawn from the Account during such Incentive Period) exceeds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