Results of TIME Holder Vote on Updated White Paper

LaborX Platform

TIME token holders approved the LaborX direction described in Appendix B as part of the Updated White Paper vote package.

• Appendix B described LaborX as a global recruitment platform connecting clients and freelancers.
• Appendix B stated that LaborX enabled crypto payments.
• Appendix B described a Reputation module providing protections and a feedback system to help users select freelancers and clients.
• Appendix B described a Smart Contract module for setting work conditions and protecting the relationship via digital escrow, with funds locked when the contract is signed.
• Appendix B described a Dispute service, allowing users to propose a third-party mediator or to use a mediator provided by LaborX.

Project Funding Note

Approved as part of the TIME Token Holder Voting Results on the Updated ChronoBank White Paper.

Key Terms

• Funding Cap: USD 8,000,000 (eight million United States Dollars), including all advances and capitalised interest.
• Parties: ChronoBank Entity (DAO) and Sergei Sergienko (CEO).
• Purpose: Core development, software engineering, marketing, partnerships, and business development.
• Nature: Motivation-based collateralised project funding note (not salary, wages, or dividends).
• Interest: Arm's-length basis, calculated and capitalised annually, included under the cap.
• Collateral: Sergei pledges corresponding TIME tokens as security.
• Repayment: All advances and capitalised interest repayable upon project completion or DAO-determined milestones.
• No Forgiveness: No amounts may be forgiven or converted to personal benefit without further express token holder approval.

Historical Context

TIME token holders acknowledged that, during the relevant period, access to banking and payment services for cryptocurrency projects was limited or restricted. This resolution authorised Sergei, where reasonably necessary to ensure project continuity and completion, to utilise personal payment arrangements to make project-related payments.

Governance Clarification on Use of ICO Proceeds

Document forming part of the Voting Results published in connection with the vote on the Updated ChronoBank White Paper.

Authority to Manage Crowdsale Proceeds

The voting results confirmed that the ChronoBank Entity and its core development team are authorised to manage the cryptocurrency proceeds of the crowdsale and to make decisions regarding their allocation and use in order to pursue the objectives described in the White Paper.

• Hold, transfer, convert, or exchange digital assets raised during the crowdsale.
• Fund software development, system infrastructure, and technical operations.
• Enter into legal, contractual, and compliance arrangements required for system operation.
• Support research, ecosystem development, and third-party integrations.
• Allocate resources over time as required for the stability and growth of the ChronoBank system.

Temporal Scope

The authority applies to the management and use of crowdsale proceeds from the time of their receipt, including all allocations, transfers, conversions, expenditures, and other transactions undertaken from the conclusion of the crowdsale up to and including the publication of the voting results, as well as on a continuing basis thereafter.