1.2       Purpose

(a)         The Company is established with the object to:

(1)        have an overall positive impact on society and the environment, including but not limited to supporting environmental sustainability, combatting climate change, alleviating poverty, reducing social inequality, supporting environmental conservation, conducting renewable energy projects and social welfare programs, and undertaking education and healthcare initiatives and community development efforts, whilst delivering moderate returns to Members;

(2)        make a meaningful and sustainable contribution towards creating a more equitable and environmentally conscious world; and

(3)        do all things incidental or conducive to the objects in this rule 1.2(a), including to operate its business of maintaining and/or operating the Platform.

(b)        Within 90 days after the end of the Company’s financial year, the Company must apply 80% of its annual net profit, which may be by way of donations, gifts, bequests, investments, loans or otherwise, towards any company, institution, society, association or entity having objects similar to those of the Company in this rule 

1.2(a) (whether wholly or in part).

(c)         The Company shall establish transparent mechanisms to ensure accountability and the proper allocation and effective utilisation of the funds aforementioned in rule 1.2(b) which include but is not limited to quarterly reporting on the progress and impact of initiatives undertaken in this rule 1.2(a).

(d)        Notwithstanding any provision in this constitution, any variation, repeal or replacement to this rule 1.2 requires a Unanimous Resolution passed at a general meeting of Members.

1.3       Rewards for Participants

(a)         Within 90 days after the end of the Company’s financial year, the Company must apply 10% of its annual net profit towards incentives, rewards and prizes for Participants, in the form determined by the Company.

(b)        The purpose of this rule 1.3 is to:

(1)        encourage, incentivise and reward Participants;

(2)        foster a vibrant and engaging community within the Business and Social Media Platform;

(3)        nurturing an ecosystem of creativity, collaboration, and positive Participant experiences; and

(4)        recognise the valuable contributions made by Participants and a means to continually incentivise their continued involvement and dedication.

(c)         The Company shall establish a transparent process whereby the distribution of the Company’s annual net profit in accordance with rule 1.3 is based on Participant factors including, but not limited to, quality of content, user engagement, impact, and other similar criteria as those aforementioned deemed appropriate by the Company.

(d)        Notwithstanding any provision in this constitution, any variation, repeal or replacement to this rule 1.3 requires a Unanimous Resolution passed at a general meeting of Members.

1.4       Securities

(a)         The Company cannot do anything to cause there to be more than 10,000,000,000 Securities in the Company.

(b)        The issue of Securities is subject to the relevant provisions found in the Shareholders Agreement, the Act and any other relevant laws.

(c)         Notwithstanding any provision in this constitution, any variation, repeal or replacement to this rule 1.4 requires a Unanimous Resolution passed at a general meeting of Members.

1.5       Cryptocurrency

(a)         Any Group Member is authorised to create and issue up to an aggregate of 1,000,000,000 cryptocurrency tokens.

(b)        The issue of cryptocurrency tokens is subject to the relevant provisions found in the Shareholders Agreement, the Act and any other relevant laws.

(c)         Notwithstanding any provision in this constitution, any variation, repeal or replacement to this rule 1.5 requires a Unanimous Resolution passed at a general meeting of Members.