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option-alienation-agreement

OPTION ALIENATION AGREEMENT

ON JETUP PLATFORM

№ {{docNumber}} Tbilisi           {{date}}

This agreement (hereinafter - the "Agreement") is entered into between:

and

LLC "JetUP", registered under the laws of Georgia, registration number 402155813 on 13.01.2020, located at: Uznadze str., 111, b. 11, Building 2, Didube district, Tbilisi, Georgia, hereinafter - the "Alienator",

and

{{firstname}} {{surname}}, located at: {{city}} of {{country}}, registered at: {{address}}, document number {{number}},  hereinafter - the "Acquirer",

collectively referred to as the "Parties" and individually as a "Party", have agreed as follows:

1. SUBJECT MATTER

1.1. The Alienator shall transfer and the Acquirer shall accept an option (hereinafter - the "Option") regarding LLC "JetUP" (hereinafter - the "Company"), registered at: Uznadze str., 111, b. 11, Building 2, Didube district, Tbilisi, Georgia.

1.2. The Option is NOT a security, share, or stock in the Company, financial asset, or other specially regulated object of law.

1.3. The Option represents the right to enter into a share/stock purchase agreement in the Company in the future under the terms specified in this Agreement.

1.4. Option ownership does not grant its holder the rights and obligations of a security, share, or stock holder in the Company.

2. OPTION ALIENATION TERMS

2.1. The Alienator confirms that at the time of Agreement execution, the Option:

  • Is not owned by third parties

  • Its alienation is not prohibited or restricted by Company bylaws

  • Is not pledged

  • Is not under arrest

  • Is not subject to litigation

  • Is free from any other encumbrances

2.2. The Acquirer may purchase any number of Options at their discretion.

2.3. Option price and payment terms are specified in Appendix №1 to this Agreement.

3. RIGHTS AND OBLIGATIONS

3.1. The Alienator shall:

3.1.1. Transfer the Option to the Acquirer according to Agreement terms. 

3.1.2. Provide the Acquirer with all necessary Option and Company information.

3.2. The Acquirer shall:

3.2.1. Pay the Option price according to Agreement terms. 

3.2.2. Comply with Option usage terms established by this Agreement and Platform rules.

3.3. The Platform shall:

3.3.1. Provide technical capability for Agreement execution and performance. 

3.3.2. Ensure transaction security and transparency within its information intermediary duties.

4. OPTION TOKENIZATION

4.1. The Acquirer has the right to tokenize the acquired Option using Platform tools.

4.2. Option tokenization is performed by the Acquirer independently and at their own risk. The Platform bears no responsibility for tokenization results and subsequent tokenized Option use.

4.3. The tokenized Option is not a security and is not subject to securities market regulation.

5. LIABILITY

5.1. Parties shall be liable for non-performance or improper performance under this Agreement according to current Georgian legislation and Agreement terms.

5.2. The Platform bears no liability for Parties' actions under this Agreement and acts solely as an information intermediary.

6. DISPUTE RESOLUTION

6.1. All disputes arising from or related to this Agreement shall be resolved through negotiations.

6.2. If disputes cannot be resolved through negotiations, they shall be resolved through judicial proceedings under Georgian legislation.

7. FINAL PROVISIONS

7.1. This Agreement enters into force upon signing by the Parties and remains valid until full performance of obligations.

7.2. Any amendments to this Agreement are valid only if made in writing and signed by authorized Party representatives.

7.3. This Agreement is executed in three counterparts of equal legal force, one for each Party and one for the Platform.

7.4. All matters not covered by this Agreement shall be governed by current Georgian legislation and Platform rules.

Appendix №1

Calculation of the value of options LLC "JetUP"

User

Number of Options

Price per Share

Total Сost

{{firstname}} {{surname}}

{{packQty}}

{{pricePerShare}}

{{packPrice}}

Option Acquirer

Option Alienator

Option Issuer

{{firstname}} {{surname}}

LLC "JetUP"

LLC "JetUP"

{{city}}, {{country}}

Tbilisi, Georgia

Tbilisi, Georgia

{{birthday}}

Reg. №402155813

Reg. №402155813

{{email}}

ceo@jetup.org

ceo@jetup.org


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Artem Balyakno

Artem Balyakno


CEO of LLC JetUP

CEO of LLC JetUP
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