| 1- | The Debt-Based Crowdfunding Company shall clarify the nature of the business offered through the Debt-Based Crowdfunding Platform on the same Platform. The Company shall also ensure that the nature of the relationship between the finance process parties is clear.
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| 2- | The Debt-Based Crowdfunding Company shall prepare the appropriate declarations and pledges and enable the Participants and the Institutional Beneficiary to read and agree to them before using the Debt-Based Crowdfunding Platform.
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| 3- | The Debt-Based Crowdfunding Company shall clearly share on the Platform basic information about how the service works. Such information shall include at least the following:
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| | a. | Details on how the Debt-Based Crowdfunding Platform works.
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| | b. | Details of the service fees.
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| | c. | Any financial interest of the Debt-Based Crowdfunding Company or relevant person that may lead to a conflict of interest.
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| | d. | Eligibility criteria for the Institutional Beneficiary.
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| | e. | The Finance Amount requested by the Institutional Beneficiary.
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| | f. | Eligibility criteria for the Participant.
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| | g. | The mechanism of dealing with the funds of the Participants when the Finance Amount requested is not covered.
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| | h. | The steps taken by the Debt-Based Crowdfunding Company and the rights of relevant parties if a material change occurs in the conditions of the Institutional Beneficiary.
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| | i. | The mechanism followed by the Debt-Based Crowdfunding Company in the event of payment default or deficiency by the Institutional Beneficiary.
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| | j. | The measures put in place by the Debt-Based Crowdfunding Company for information security and data protection.
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| | k. | Contingency arrangements in the event the Debt-Based Crowdfunding Platform ceases to operate.
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| 4- | The Debt-Based Crowdfunding Company shall clearly share on its electronic Platform all relevant information about each Institutional Beneficiary, including at least the following:
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| | a. | Detailed description of the Institutional Beneficiary’s project for which it aims to obtain the Finance Amount, including the total Finance Amount requested and how the funds will be used.
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| | b. | The results of the Institutional Beneficiary due diligence process conducted by the Debt-Based Crowdfunding Company.
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| | c. | A clear statement not to consider displaying the project on the Debt- Based Crowdfunding Platform to be advice to provide financing to the Institutional Beneficiary.
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| | d. | Details of the term cost and any other rights related to the financing.
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| | e. | Guarantees and any restrictions on their use.
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| | f. | Charges and fees of the Debt-Based Crowdfunding Company for the project specified.
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| | g. | Payment terms, and the preventive controls and measures taken.
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| 5- | The Debt-Based Crowdfunding Company shall clearly share on its electronic Platform information about the significant risks that Participants may face from using the Debt-Based Crowdfunding Platform. Such information shall include, for example, the following:
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| | a. | The potential for Participants to be exposed to material risks, including the loss of some or all of their money in the event of the Institutional Beneficiary’s default.
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| | b. | A clear and detailed list of the potential risks that the Institutional Beneficiary may face.
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