Company: BNBX
Filing Date: 2025-12-22
Form Type: S-1/A
Source: 0001104659-25-123402
Chunk: 15

Company: BNB PLUS CORP.
Filing Date: 2025-12-22
Form: S-1/A
Chunk 15
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 least thirty days prior to the expiration
of the term in effect (a “Non-Renewal Determination”).

The assets subject to the
Strategic DAS Agreement consist of (i) the proceeds of the Private Placement, and (ii) any additional assets designated by
the Company as “Account Assets” in writing, in each case which the Company agrees it has placed or will place into the Account,
as well as all investments or reinvestments thereof, proceeds of, income on and additions or accretions to same, including all assets
which are or were in the Account, but which are staked from time to time in accordance with the Strategic DAS Agreement (together, the
“Account Assets”). The Account Assets will be held in 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”).

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The Services Provider will
be compensated according to a management and incentive fee schedule as set forth in the Strategic DAS Agreement and as described below.
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 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