This Gentlemen’s Agreement is an informal agreement between parties based on mutual trust, upheld by the commitment of those involved.

Definitions

– “Event” refers to Bitcoin Oasis 2025.

– “Organizer” refers to Bitcoin Association Arabia.

– “Deal” refers to any successful business transaction, partnership, or investment.

– “Parties” refers to the participants involved in a deal.

– “Introduction” refers to any initial connection, meeting, or exchange of contact information facilitated by the Event.

 

1. Commission Agreement

By purchasing a ticket to or otherwise participating in the Event, all participants acknowledge and agree to this commission arrangement as a “gentlemen’s agreement.” This agreement is based on mutual trust and goodwill, and all parties are expected to act in good faith to negotiate and honor the commission terms.

 

2. Commission Obligation

In the event that a Deal is finalized as a direct result of introductions or interactions facilitated by the Event, the Parties agree to negotiate a fair and reasonable commission with the Organizer. A Deal is considered a direct result of the Event if it is initiated or significantly advanced through connections made during the Event, as determined by the Organizer in good faith.

 

3. Nature of Agreement

The exact commission rate or structure is not fixed in these Terms and Conditions. Instead, you agree to negotiate in good faith with the Organizer to determine a fair and reasonable commission percentage or fee. The final commission agreement must be reached shortly before the Deal’s closing or promptly after the Deal is concluded.

 

4. Notification and Commission Negotiation

4.1 You will notify the Organizer as soon as practicable when you have ongoing discussions that are reasonably likely to result in a Deal arising from the Event.

4.2 Notifications must be made in writing via email to [hello@bitcoin-oasis.com]. The notification must include: a) Names of all parties involved b) General nature of the potential Deal c) Approximate timeline for Deal completion d) Current stage of discussions.

4.3 You must provide quarterly updates on the status of ongoing discussions until either: a) The Deal is concluded b) Discussions are terminated c) 36 months have elapsed since the Event.

4.4 Upon notification, you and the Organizer will negotiate in good faith the terms, rate, or amount of the commission. The Organizer will contact the parties involved in the deal to discuss and agree upon a fair and reasonable commission rate or amount. The specific commission rate or amount will be determined on a case-by-case basis through mutual written agreement between the Organizer and the relevant parties to or shortly after the closing of any deal, based on mutual agreement between the Organizer and the parties involved in the deal.

Factors affecting the commission rate may include, but are not limited to:

– Deal size and structure (equity, debt, M&A, etc.)

– Total transaction value

– Organizer’s role in facilitating introductions

– Level of ongoing support provided by the Organizer

– Industry standards for similar transactions

– Number of parties involved

– Strategic importance of the Deal

 

4.5 The agreed commission rate and payment terms shall be documented in writing (email, letter agreement, or formal contract) and signed by all Parties.

4.6 This obligation to negotiate commission rates in good faith shall survive the Event and remain binding for 24 months following the Event date. Any Deals initiated within this period but concluded after the period expires shall still be subject to these terms.

 

5. Payment Terms

Once a deal is finalized and the commission arrangement is agreed upon, you will pay the Organizer in accordance with the payment schedule and method negotiated.

 

6. No Obligation to Enter into Deals

Nothing in these Terms requires you to enter into any deal. However, if you do proceed with a Deal that stems from the Event, you agree to the above commission terms and negotiation obligations.

 

7. Good Faith, Dispute Resolution and Fair Dealing

7.1 All parties agree to act in good faith to disclose deals resulting from the event and to negotiate the commission fairly and transparently. By agreeing to this Gentlemen’s Agreement, you acknowledge that this arrangement is based on mutual trust and goodwill, and you commit to honoring it in the spirit of collaboration.

7.2 If a dispute regarding the commission arises, you agree to first seek an amicable resolution with the Organizer, including consultation or mediation before pursuing other remedies.

7.2.1. Dispute Resolution Process

a) Initial Discussion Phase (30 days):
– The Party raising the dispute must notify other involved Parties in writing.
– Parties must engage in good-faith discussions to resolve the matter.
– At least one video conference or in-person meeting must be held.

b) Mediation Phase (if needed):
– If the dispute remains unresolved after 30 days, Parties agree to engage a mutually acceptable mediator.
– Mediation costs shall be shared equally among the Parties.
– A mediation session must be scheduled within 60 days of failed direct negotiations.

c) Final Resolution:
– If mediation fails, Parties retain their rights to pursue other legal remedies.
– The prevailing party in any subsequent legal action shall be entitled to recover reasonable legal fees.

7.3. During any dispute resolution process, all Parties agree to:
– Maintain confidentiality of the proceedings.
– Continue performing their obligations under any existing agreements.
– Refrain from public statements about the dispute.
– Preserve all relevant documents and communication.

 

8. Limitation of Liability

The Organizer is not responsible for the success or failure of any deals, partnerships, or investments resulting from the Event. The commission arrangement is solely a recognition of the Organizer’s role in facilitating the connection.

 

9. No Waiver

The Organizer’s failure or delay to enforce any commission shall not be interpreted as a waiver of any rights under these Terms, unless such waiver is explicitly stated in writing and signed by the Organizer.

 

10. Amendments

The Organizer reserves the right to amend these terms and conditions at any time. Any changes will be communicated to participants via the event website and/or email.

 

11. Final Note

This Agreement is intended as a gentlemen’s agreement to foster trust and collaboration between participants and the Organizer. Under no circumstances does it remove or replace any legal rights or remedies available to the Organizer, nor does it conflict with any non-negotiable provisions of applicable law.