1.- OWNER: THE ACQUISITION OF PARTICIPATIONS BY SPANISH NATURAL OR LEGAL PERSONS OR ANY OTHER NATIONALITY IS ALLOWED.

2.- EXPENSES:
A) SUBSCRIPTION: 6% OF THE SUBSCRIBED AMOUNT (WILL BE APPLIED AT THE TIME OF DISBURSEMENT). NON REFUNDABLE.
B) ADMINISTRATIVE MANAGEMENT: 9% OF THE SUBSCRIBED AMOUNT (WILL BE APPLIED AT THE TIME OF DISBURSEMENT). NON REFUNDABLE.

3.- MANDATORY PERMANENCE PERIOD: 18 MONTHS

4.- EARLY REFUND REQUESTED BY THE PARTICIPANT:
-BEFORE 6 MONTHS FROM THE DISBURSEMENT, 50% OF THE AMOUNT DISBURSED WILL BE REFUNDED, MINUS THE APPLIED SUBSCRIPTION AND MANAGEMENT COSTS. YOU WILL NOT PARTICIPATE IN ANY ACCUMULATED BENEFITS.
-AFTER 6 MONTHS OF THE DISBURSEMENT AND BEFORE THE 18 MONTHS OF MANDATORY PERMANENCE, 70% OF THE AMOUNT DISBURNED WILL BE REFUNDED, MINUS THE APPLIED SUBSCRIPTION AND MANAGEMENT COSTS. YOU WILL NOT PARTICIPATE IN THE BENEFITS THAT YOU HAVE ACCUMULATED

5.-NON-PAYMENT OF A FEE, IF APPLICABLE: IN THE EVENT OF NON-PAYMENT OF A FEE FOR MORE THAN 15 DAYS FROM ITS DUE, THE SAME CRITERIA PROVIDED FOR THE ‘EARLY REFUND REQUESTED BY THE PARTICIPANT’ WILL BE APPLIED, PROCEEDING TO ITS WITHDRAWAL AS PARTICIPANT

6.- GUARANTEE OF THE DISBURNED CAPITAL:
THE AMOUNT PAID BY THE PARTICIPANT WILL BE, IN ANY CASE, GUARANTEED (MINUS SUBSCRIPTION AND MANAGEMENT EXPENSES), AT THE END OF THE 12 MONTHS OF PERMANENCE, AND LOSSES, IF ANY, CANNOT BE APPLIED TO ANY PARTICIPATION, DUE TO THE EXPLOITATION OF THE METAVERSE BUSINESS, WHICH WILL BE ASSUMED, IF APPROPRIATE, BY BIZPATHIA S.L.

7.- SETTLEMENT OF PARTICIPATIONS:
THE PARTICIPANT WILL RECEIVE AT THE TIME OF SETTLEMENT OF HIS PARTICIPATION:
A) THE AMOUNT OF THE CAPITAL PAID MINUS THE SUBSCRIPTION AND ADMINISTRATIVE MANAGEMENT EXPENSES.
B) THE AMOUNT OBTAINED FROM THE DIFFERENCE IN THE NET NET VALUE OF YOUR SHARE ON THE DAY OF ITS DISBURSEMENT AND THE DAY OF SETTLEMENT. (AT THE TIME OF SETTLEMENT, THE FORMULA USED TO CALCULATE SAID AMOUNT WILL BE PROVIDED TO THE PARTICIPANT).
C) WHEN THE SETTLEMENT IN FAVOR OF THE PARTICIPANT EXCEEDS THE AMOUNT PAID BY 200%, BIZPATHIA S.L. YOU WILL RECEIVE 30% OF THE ADDITIONAL AMOUNT, AS A MANAGEMENT SUCCESS COMMISSION, PAYING THE DIFFERENCE TO THE PARTICIPANT.

8.- TRANSFERS: TRANSFERS WILL NOT BE ALLOWED FROM ONE SHARE CLASS TO ANOTHER, IF ANY.

9.- TRANSMISSION OF PARTICIPATIONS:
-TO ANOTHER PARTICIPANT: FREE TRANSMISSION. OBLIGATION TO COMMUNICATE BIZPATHIA S.L.-MILLICENTI IN ADVANCE.
-TO A THIRD PARTY: IT MUST BE AUTHORIZED BY BIZPATHIA S.L.-MILLICENTI.

10.- GROUPING OR SYNDICATION OF SHARES: NOT ALLOWED.

11.- IDENTITY OF THE METAVERSES: THE IDENTITY OF THE METAVERSES IN WHICH MILLICENTI WILL DEVELOP ITS ACTIVITY WILL BE CONSIDERED A COMPANY SECRET. HOWEVER, IT WILL BE REVEALED, EXCLUSIVELY TO THE PARTICIPANTS, AT THE TIME OF LIQUIDATION OF THEIR PARTICIPATION UPON COMPLETION OF THE PERMANENCE PERIOD OF 18 MONTHS, IN ORDER TO JUSTIFY SUCH LIQUIDATION.

12.- TAXES AND LEGAL COMPLIANCE:
PARTICIPANTS WILL BE OBLIGED TO FACILITATE BIZPATHIA S.L. THE INFORMATION REQUESTED FOR THE PURPOSES OF COMPLIANCE WITH NATIONAL AND INTERNATIONAL LEGISLATION; IN ACCORDANCE WITH THE COMPLIANCE POLICY OF BIZPATHIA S.L. AIMED AT KNOWING YOUR PARTICIPANTS (KYC), PARTICIPANTS WILL BE INFORMED OR APPLIED, IF APPROPRIATE. TAXES AND FISCAL WITHHOLDINGS, AS PROVIDED FOR IN NATIONAL AND INTERNATIONAL LEGISLATION.

13.- CHOICE OF MILLICENTI PLATFORM IN OTHER COUNTRIES:
OUR PARTICIPANTS MAY CHOOSE TO PARTICIPATE IN THE BIZPATHIA-MILLICENTI PLATFORMS IN OTHER COUNTRIES AFTER THE FIRST MANDATORY PERIOD OF 18 MONTHS.

14.- JURISDICTION: BIZPATHIA S.L. IT IS SUBJECT TO THE LEGISLATION AND THE COURTS OF JUSTICE OF SPAIN.