2.1.7. eCompany Membership

Companies will be able to sign up, similarly to eCitizens (the "Users") and become members of BlockchainValley Digital Platform and make purchases (the "eCompanies"). They will have subscription options to upgrade to become full eCompanies. Membership will enable them to carry out commercial, R&D, and marketing activities with our smart eCommerce community. BlockchainValley utility platform will offer common ground for a new type of mutually beneficial relationship between companies and their customers, such as:

• Access to a sizeable pool of potentially buying eCitizens (B2C) and other eCompanies (B2B) for their products and services, as well as to carry out R&D and test products and/or services,

• Access to data made available by eCitizens or other eCompanies that activated the data sharing option in return for compensation in 4IR, see section 2.1.10 “Data policy and monetisation”,

• Competition for transparency with how they deal with data and thus create trust among all actors,

• Customisable and incentivising smart contracts of activities to engage and reward eCitizens.

eCompany onboarding mechanism

Companies can sign up for free and then upgrade. There will be a simple company subscription monthly fee to interact and use most of the Digital Platform’s features. Further subscription options will be offered to adapt to market developments and future enhancing features. Commission fees will apply to sales on the Digital Platform ranging between 3% and 5%, subject to changes, depending on sales volume and the nature of the products or services offered. Companies will be able to apply to become eCompanies and will have to follow a KYC procedure and questionnaire.

The right to use and sell on the Digital Platform will be open to all companies that comply with our policies and meet the following criteria:

▪ Using Fourth Industrial Revolution technologies in their services or production process. This entails, but is not limited to, technologies such as: AR and VR, Internet of Things, Artificial Intelligence and Robotics, 3D Printing, Space Technologies, Blockchain and Distributed Ledger, Biotechnology, Geo Engineering, Cloud Computing, etc.

▪ The products offered for sale must comply with all laws and regulations as well as BlockchainValley’s restrictions. BlockchainValley will strictly prohibit the sale of illegal, unsafe or restricted products and reserves the right to suspend or remove an eCompany’s seller status.

Based on an internal review discretionarily performed, Blockchain Valley SAS will validate or reject the application and notify said decision.