BitLease Technologies Ltd. A subsidiary of 49G Holding Incorporated in Abu Dhabi Global Market (ADGM), Registered Address: Unit PC-1, Level 7, Al Maryah Tower, Abu Dhabi Global Market Square, Abu Dhabi, Al Maryah Island, United Arab Emirates
ADGM Registration No.: 34619
Document: Evergreen Framework — The operational treasury that keeps OWN continuously available.
Classification: BitLease Technologies Ltd. · ADGM, Abu Dhabi, UAE
This document defines the Evergreen treasury, the operational mechanism through which OWN, the BitLease Utility Token, is kept continuously available to users on a Lease-to-Own basis. It sets out what Evergreen is, what it is not, the assets it holds, the rules under which it operates, how it is funded, and the controls and risks that apply.
Evergreen is designed to operate as an internal, ring-fenced operational treasury of the BitLease ecosystem. It is not intended to operate as a fund, collective investment scheme, deposit-taking business, asset management service, investment product, guarantor, or separate financial institution; its activity is limited to the operational distribution and recycling of OWN through Lease-to-Own, subject to applicable law, regulatory analysis, and BitLease legal and compliance controls. Evergreen performs a distribution-and-recycling function for OWN, the token issued under the OWN Token Framework, by distributing it through approved Lease-to-Own programs, repurchasing it with eligible returning proceeds, and re-offering it to users; the Issuer's role is defined separately in the applicable token documents.
Evergreen is a dedicated, ring-fenced treasury that holds an allocation of OWN and operates under a fixed, published mandate. In plain terms, it is the part of the BitLease operation whose only job is to keep OWN available for purchase over time.
Evergreen:
That is the whole of its activity. It performs a distribution-and-recycling function for a token, not a financial service for third parties.
To avoid any mischaracterization, Evergreen is expressly not any of the following:
Not a fund or collective investment scheme. It does not pool third-party money, does not invest on behalf of others, and issues no units, shares, or interests in itself.
Not a deposit-taker. It does not accept deposits, hold customer money, or promise repayment of a sum.
Not an asset manager. It does not manage assets for clients or exercise investment discretion on anyone's behalf.
Not a yield or return product. It pays no interest, dividend, revenue share, or profit and creates no expectation of profit for any holder of OWN.
Not a guarantor or price-support mechanism. It does not guarantee any price, floor, peg, liquidity, or buyback and does not exist to support the market price of OWN.
Not a separate legal person offering services. It is an internal operational treasury of the BitLease ecosystem, not an entity carrying on regulated business with the public.
Amounts paid by users under Lease-to-Own contracts are contract payments, not deposits, investment contributions, managed assets, or money held by Evergreen on behalf of users; users receive no units, shares, interests, claims, or participations in Evergreen. Because its activity is confined to distributing and recycling a token issued under the OWN Token Framework, Evergreen is designed to operate as an ordinary commercial and operational function.
Evergreen holds 500,000,000 OWN (50% of the fixed total supply of 1,000,000,000) as its working allocation for distribution. This allocation is ring-fenced for the Evergreen function: it is tracked separately from BitLease's other holdings and is used only to offer OWN to users through Lease-to-Own and to hold repurchased OWN pending re-offer.
The allocation is not capital raised from the public and is not held on behalf of any third party. It is a working inventory of the token, dedicated to keeping OWN continuously available.
| Role | Party | Function |
|---|---|---|
| Program Operator | BitLease Capital Ltd (BVI) | Operates the Evergreen mechanism day-to-day; receives an operating fee |
| Executor | BitLease Technology Ltd (UK) | Offers OWN to users through Lease-to-Own and collects installments |
| Issuer | OWN Token Foundation | Issued OWN; plays no role in Evergreen's operation |
The Evergreen allocation is dedicated to the mechanism and operated under the mandate and treasury rules in this Framework. No party may use the allocation for any purpose other than the Evergreen function.
Evergreen operates under five standing rules that define its behavior:
Recycle through policy-governed repurchase. Eligible proceeds returning from Lease-to-Own installments may be allocated to repurchasing OWN according to the Evergreen treasury policy, after accounting for required reserves, losses, settlement timing, liquidity needs, operational buffers, legal requirements, tax and accounting treatment, partner restrictions, and risk controls. Repurchase is intended to be paced to eligible inflows and is not a fixed schedule, fixed amount, fixed price, or guaranteed market activity.
Hold only OWN. As a working inventory, Evergreen holds its allocation and any repurchased OWN in the form of OWN; it does not build an investment portfolio of other assets.
Re-offer, don't sell. Under the standard policy, OWN leaves Evergreen only by being re-offered to users through Lease-to-Own, not by being sold into the market. Evergreen is a recycling destination, not a market seller.
Stay within its mandate. Evergreen performs only the distribution-and-recycling function; it takes no deposits, manages no third-party assets, and offers no return.
Respect overriding controls. No Evergreen action, repurchase, redistribution, re-offer, allocation use, fee allocation, or treasury transfer may override BitLease's legal, compliance, risk, solvency, liquidity, treasury, partner, jurisdictional, security, or operational controls.
Exceptions to Rule 3 may apply only where required by law, regulation, risk management, insolvency protection, wind-down, security, or operational necessity, not for trading or price management.
Evergreen's running costs are met from platform activity, not from new token issuance or outside capital. Under the current commercial parameters, 30% of the net Origination Fee is allocated to the mechanism: 15% as BitLease Capital's operating fee for running it and 15% as a supplementary inflow to the Evergreen treasury alongside returning installments.
Because repurchase is intended to be funded by, and paced to, eligible returning installments and approved inflows, the cycle is designed to reduce reliance on new external capital. It does not eliminate the need for treasury buffers, loss reserves, liquidity management, or risk controls, and it does not guarantee continuous repurchase or uninterrupted re-offer. These percentages are commercial parameters and may be updated prospectively.
User acquires OWN via Lease-to-Own → pays installments → proceeds return to Evergreen → Evergreen repurchases OWN from the market → OWN re-offered via Lease-to-Own → next user
As the base of active Lease-to-Own contracts grows, the proceeds returning from earlier contracts grow with it, providing a recurring pool of eligible inflows that drives repurchase without new external capital. The mechanism is designed to reduce reliance on outside funding, but it does not guarantee continuous repurchase, fixed amounts, fixed prices, or uninterrupted re-offer.
The Evergreen allocation and treasury are tracked separately from BitLease's operating assets. Evergreen maintains internal records of its allocation, eligible inflows, approved repurchase budgets, executed repurchases, average execution prices, and recycled and re-offered OWN.
Any OWN repurchase is conducted under an internal execution policy covering venues, timing, volume and price-impact limits, blackout periods, market-abuse and conflict-of-interest controls, audit logging, and approval authority. Nothing in this Framework is a commitment to repurchase OWN at any specific time, price, volume, venue, or market condition. No Evergreen action may override BitLease's solvency, liquidity, treasury, legal, compliance, or operational controls, and the mechanism's parameters are changed only through internal governance, applied prospectively.
Evergreen is intended to operate for as long as OWN is distributed through Lease-to-Own on the BitLease platform. If the mechanism is paused, restructured, or wound down for legal, regulatory, risk, operational, or strategic reasons, BitLease may suspend new repurchases and re-offers; preserve existing contract terms; reconcile remaining inventory; allocate eligible inflows under the treasury and wind-down policy; and handle any remaining OWN inventory under the applicable governance documents.
No user acquires any claim over the Evergreen allocation, repurchased OWN, eligible inflows, or treasury inventory. The pausing, restructuring, or winding down of Evergreen does not retroactively affect OWN a user already holds or the terms of any contract already in force, unless the applicable contract expressly provides otherwise.
Evergreen is an internal, ring-fenced operational treasury of the BitLease ecosystem, dedicated to distributing OWN through Lease-to-Own and recycling it through repurchase. It is not a fund, collective investment scheme, deposit-taker, asset manager, investment product, guarantor, or separate financial institution, and it carries on no regulated financial activity.
Evergreen holds a working inventory of OWN, not capital raised from or held for the public. It confers no interest, dividend, revenue share, yield, or expectation of profit, creates no claim by any person over its allocation, and gives no undertaking as to the price, liquidity, or market of OWN. The distribution of OWN through Lease-to-Own is a commercial activity of the BitLease platform, subject to eligibility, jurisdiction, and platform policy.
BitLease may modify, restrict, suspend, or wind down the Evergreen mechanism and may update its commercial parameters, prospectively, where required for legal, regulatory, compliance, risk, solvency, liquidity, treasury, security, or operational reasons.
The token itself is defined in the OWN Token Framework. The economic model and the mechanism's funding are described in the OWN Economic Model (Tokenomics). The customer-facing distribution program is defined in the OWN Access Plan — Product Terms. Lease-to-Own contract mechanics are governed by the applicable Product Frameworks and contract documents. Where this Framework and another document address the same operational mechanic, the more specific document governs the detail.