Revenue Commitment
From: [Insert Company’s name] (the “Company”)
To: Tokenise Limited (“Tokenise”)
Date: [Insert Date]
Subject: Letter Agreement for Appointment of Tokenise as Loyalty Program and Marketing Service Provider
This Letter Agreement (this “Agreement”) set forths the terms under which the Company appoints Tokenise as its exclusive provider for the establishment, management, and operation of a blockchain-based Equity Proxy Loyalty Program (“EPL Program”).
1. Appointment
The Company hereby appoints Tokenise to design, implement, manage, and operate an EPL Program wherein customer loyalty points are issued as digital tokens (the “EPL Tokens”) on a blockchain network. Tokenomics for EPL Tokens shall follow the highly deflationary model detailed in the term sheet available on the website - Tokenis3.com.
2. Services by Tokenise
Tokenise shall:
- Develop and deploy the EPL Program infrastructure, including smart contracts for token issuance, distribution, and burning;
- Integrate the EPL Program with the Company’s sales/marketing systems;
- Provide technical support, analytics, and user management tools;
- Execute marketing campaigns to promote the EPL Program;
- Ensure compliance with applicable blockchain regulations.
3. Company Commitments
a. Token Buyback & Burn:
- The Company will allocate 1% to 25% of its gross monthly revenues (the exact percentage at the Company’s sole and absolute discretion, but never less than 1%), being part of its annual marketing budget, to repurchase EPL Tokens from the open market.
- Repurchased tokens shall be permanently destroyed (“burned”) within 10 business days of each month-end.
- The Company will provide Tokenise with monthly reports verifying revenue figures and burn transactions, or provide the relevant monies to Tokenise for this purpose.
b. Service Fees:
- The Company shall pay Tokenise a fixed fee of USD 20,000 per month, payable in advance each month beginning on the date of this Agreement.
4. Term
This Agreement commences on the date of this Agreement and continues until terminated.
5. Termination
Either party may terminate this Agreement:
- Immediately for insolvency or violation of laws.
Upon termination, the Company remains obligated to fulfill token buyback/burn commitments.
6. Governing Law
This Agreement is governed by the laws of Hong Kong, with disputes resolved by arbitration under HKIAC Rules.
7. Miscellaneous
- This Agreement constitutes the entire understanding between the parties.
- Amendments require written consent.
- Notices shall be sent to the addresses above.
Please indicate your acceptance of these terms by signing below.
Accepted and Agreed:
[Company's Name]
By: ________________________
Name: [Name]
Title: Director
Tokenise Limited
By: ________________________
Name: Julian So
Title: Director