CHAMPIONSHIP
2T
ACT BINGO
RPS FIGHT
MINING PRO
MEMORANDUM OF UNDERSTANDING
Between
Saif Belhasa Holding, a leading multinational Business conglomerate in the United Arab
Emirates
AND
ACT (ACET), a global blockchain- powered digital asset
1. INTRODUCTION
This Memorandum of Understanding (MOU) is entered into on 13/02/2025, by and between
Saif
Belhasa
Holding, headquartered in the United Arab Emirates (hereinafter referred to as "SBH and
ACT
(ACET),
A
decentralized digital asset and blockchain ecosystem (hereinafter referred to as
"ACT")
This MOU establishes a strategic partnership between the Parties to explore and
implement
blockchain-based financial solutions within SBH business ecosystem,
integrating
ACT as
an
innovative payment system and investment tool across multiple industries.
2. PURPOSE
The purpose of this MOU is to outline the framework for cooperation between ACT and SBH
Holding,
focusing on the adoption of blockchain technology, tokenized financial solutions, and
digital
payment
systems within SBH, including but not limited to:
Real Estate- Facilitating crypto property transactions and tokenized real estate.
Automotive- Allowing ACT to be used for luxury vehicle purchases, leasing, and
rentals.
Retail& Hospitality- Implementing ACT as payment method for shopping malls,
restaurants,
and
hotels.
Financial Services- Developing blockchain- based lending, staking, and investment
programs.
(New
department to be launched)
Smart Contracts & Digital Assets- Utilizing blockchain for secure, automated
business
transactions.
Institutional Expansion and Government Collaboration- working towards regulatory
approval
and
mainstream
adoption of ACT in the UAE and beyond.
3 . SCOPE OF COLLABORATION
3.1 Real Estate Tokenization & Blockchain Integration
• ACT will be integrated as a payment method for purchasing real estate properties under
SBH portfolio.
• The Parties will explore NFT- based real estate tokenization, enabling fractional
property
ownership through blockchain.
• Smart contracts will be developed into streamline transactions, escrow services,
and
rental agreements.
3.2 ACT- Enabled Automotive Transitions
• Customers will be able to purchase and lease luxury vehicles using ACT at SBH
exclusion
dealerships.
• ACT will be used for crypto- backed financing options and vehicle leasing
agreements.
3.3 Retail, E- Commerce & Hospitality Expansion
• ACT will be accepted in SBH fashion brands, luxury retail outlets, Restaurants, etc...
• ACT holders will be offered exclusive rewards, VIP memberships, and discounts.
• ACT blockchain technology will be used to develop a next-generation loyalty and
rewards
system.
3.4 Digital Financial Services & Institutional Investment
• Belhasa and ACT will launch blockchain- based financial products, including
staking,
lending, and crypto- backed loans.
• The Parties will engage investment funds, family offices, and private equity groups to
drive ACT's institutional adoption.
• ACT will collaborate with SBH financial entities (new business planned to be launched)
to
explore crypto- based venture capital investments.
3.5 Smart Contracts & Enterprise Blockchain Integration
• ACT's blockchain infrastructure will be integrated into SBH financial operations,
automating contract execution, asset transfers, and payment settlements.
• The Parties will explore Al- driven blockchain solutions to optimize business
efficiency.
3.6 Regulatory & Institutional Engagement
• ACT and SBH will work together to align blockchain solutions with UAE's financial
regulations.
• The Parties will engage with VARA (Dubai) and ADGM (Abu Dhabi) to develop a
complaint framework for digital asset adoption.
4. RESPONSIBILITES OF THE PARTIES
4.1 Responsibilities of ACT (ACET):
Provide blockchain technology expertise and solutions to integrate ACT into SBH business
model.
Assist in regulatory discussions and compliance alignment within the UAE and global
markets.
Develop and maintain a secure, scalable blockchain payment system for seamless
transections.
Conduct marketing and community engagement campaigns to promote ACT's real-world
adoption.
4.2 Responsibilities o f SBH:
Implement ACT as an official digital payment method across designated business
sectors
Facilitate the integration of blockchain technology into existing financial and real
estate operations.
Promote ACT adoption among institutional investors, business partners, and government
agencies.
Support ACT's global expansion through strategic collaborations and business
partnerships.
5. GOVERNANCE & REGUALTORY COMPLIANCE
Both Parties will ensure full compliance with the regulatory frameworks of the UAE,
Dubai's Virtual Asset Regulatory Authority (VARA) and Abu Dhabi Global Market
(ADGM).
Any future developments requiring regulatory approval wil be subject to joint
consultation and due diligence.
A Blockchain and Compliance Task Force will be established to oversee governance, legal
matters, and security protocols.
6. CONFIDENTIALITY & PUBLIC DISCOLOSURE
• Al Financial, technical, and business - related information shared under this MOU
shall remain confidential.
• Public announcements and press releases wil be jointly approved by the both
Parties.
Any future expansion of this partnership will require formal amendments to this MO.
7 . TERM & TERMINATION
This MOU shall remain in effect for an initial term of three (03) years, with an option
for renewal upon mutual agreement .
Either Party may terminate this MOU with 60 days' written notice, provided that all
active projects are properly concluded.
8. FUTURE EXPANSION & AMENDMENTS
The Parties acknowledge that additional business opportunities may arise, leading to
the
potential expansion of this partnership.
Future amendments to this MOU may include :
- Government- backed blockchain initiatives
- Cross- border crypto trade and payment solutions
- Integration of Al -powered smart contract automation
- Expansion into the metaverse& Web3 technologies
9 . SIGNATURES
• By signing below, both parties agree to the terms outlined in this MOU and to building
a long-term strategic partnership that wil
