TELIP: Banking the Internet of Money

Council Proposals TELIP
2

Telcoin to TAO Amendment to License and Services Agreement

This Amendment to the License and Services Agreement dated January 14, 2025 (the “Agreement”), between Telcoin Holdings Pte. Ltd. (“THPL”) and Telcoin Autonomous Operations Ltd. (“TAO”), acting for itself and as agent of Telcoin Association (“TA”), is entered into as of ________, 2025.

RECITALS

WHEREAS, the global transition to blockchain finance requires regulated banking infrastructure to bridge traditional and digital economies;

WHEREAS, THPL has secured conditional approval for a Digital Asset Bank charter and requires capital to launch operations serving the Telcoin ecosystem;

WHEREAS, TAO/TA possesses treasury assets that can be productively deployed as collateral while maintaining principal preservation;

WHEREAS, this arrangement creates mutual benefits through yield generation, ecosystem banking services, and strategic market positioning;

NOW, THEREFORE, in consideration of mutual covenants herein, the parties agree:

1. TOKEN TRANSFER AND ESCROW

1.1 Transfer Authorization
TAO shall transfer 5,000,000,000 TEL tokens (“Collateral Tokens”) to THPL-designated escrow within 30 days of execution.

***-> Target to release TEL escrow entirely within two years.***

1.2 Escrow Administration

  • Custody with institutional providers (BitGo, Coinbase, or equivalent)

  • Quarterly attestation reports to TAO

  • Transfer restrictions per Alpha Investor agreements

  • Return mechanisms defined in Section 4

2. CONSIDERATION AND ENHANCED SERVICES

2.1 Yield Generation
THPL shall issue monthly SAFE notes to TA totaling 5% annually of Collateral Token value:

  • Valuation: $0.005 USD per TEL

  • Terms: $250M cap, 80% discount

  • Payment: Monthly (1/12 of annual amount)

  • Example: 5B TEL generates $104,167 monthly (or $1.25M per annum)

2.2 Digital Banking Services
THPL commits to providing without additional charge:

Institutional Services:

  • Dedicated relationship management for TA/TAO

  • Priority onboarding for all Association entities

  • Treasury management and yield optimization

  • Custody services for digital assets

Validator Services:

  • Full-service staking infrastructure

  • Automated reward distribution

  • Tax reporting and compliance support

  • Fiat-to-crypto treasury management

Developer Services:

  • Banking APIs with preferential pricing

  • White-label wallet infrastructure

  • Compliance-as-a-service integration

  • Technical support and documentation

2.3 Ecosystem Development

  • Marketing support for validator recruitment

  • Business development for application partners

  • Regulatory advocacy benefiting ecosystem

  • Technical integration assistance

3. COLLATERAL TERMS AND RETURN CONDITIONS

3.1 Successful Return Triggers
Collateral Tokens return to TAO upon earliest of:

  • Qualifying Series A ($10M+ at $300M+ valuation) by December 31, 2027

  • Alpha Investor returns exceed principal

  • Mutual agreement of parties

→ TEL escrow can also be proportionately released at any time by replacing it with USD. For example, regardless of how high the price of TEL may appreciate, TAO can at any time release 2.5B TEL from escrow with $5.9M, or all of the escrow with $11.8M.

3.2 Default Protections
THPL shall maintain:

  • Minimum $20M operational assets

  • Regulatory compliance across jurisdictions

  • Quarterly progress reporting

  • Insurance coverage where available

4. RISK ACKNOWLEDGMENT

4.1 Collateral Risk
TAO acknowledges Collateral Tokens may be liquidated if THPL fails to meet Alpha Investor obligations, with liquidation proceeds first satisfying investor claims.

4.2 Mitigation Measures

  • Liquidation only upon specific defaults

  • Pro-rata liquidation preserving maximum tokens

  • SAFE note compensation for any liquidated tokens

  • Multiple cure periods before liquidation

5. GOVERNANCE AND REPORTING

5.1 Quarterly Reports shall include:

  • Escrow status and any changes

  • Banking services utilization metrics

  • Financial performance indicators

  • Regulatory developments

  • Strategic initiative updates

5.2 Annual Reviews
Parties shall meet annually to assess service levels and explore expanded collaboration opportunities.

6. TERM AND TERMINATION

This Amendment remains effective until all Collateral Tokens return to TAO or are otherwise disposed per agreed terms. Banking services continue regardless of collateral status, cementing permanent ecosystem partnership.

7. INTEGRATION

This Amendment supplements but does not replace the Agreement. In conflict, this Amendment controls solely regarding matters herein.

EXECUTED as of the date first written above.

TELCOIN HOLDINGS PTE. LTD.
By: ________________________
Paul Neuner, CEO
Date: _______

TELCOIN AUTONOMOUS OPERATIONS LTD.
By: ________________________
Parker Spann, Executive Director
Date: _______

ACKNOWLEDGED BY TELCOIN ASSOCIATION
By: ________________________
Parker Spann, Platform Council Member
Date: _______

8 Likes