Order Statutes

Camelot bv · version 1.0 · effective from 6 May 2026

The Camelot Family has nine NFT Orders (Tiers I to IX; from Knight, Tier V, membership is for life via the NFT). These statutes describe the spirit, structure and operation of the nine NFT Orders. These statutes are complementary to the Terms and Conditions and apply additionally to every member (hereinafter "Knight") who joins an NFT Order.

1. Spirit of the Orders

The nine Orders of Camelot together form the Camelot Family — a Camelot community around Project NØA. Each Order represents a role and degree of involvement within the realm. Joining is not a financial investment, but a choice to be part of a story and a community.

2. The nine NFT Orders (Tier I–IX)

1. Camelotian — Tier I · Inhabitant of Camelot · €250
2. Page — Tier II · The First Step · €500
3. Squire — Tier III · In Service · €1,000
4. Defender — Tier IV · Under Arms · €2,000
5. Knight — Tier V · At the Round Table · €5,000
6. Guardian — Tier VI · Keeper of the Ideals · €10,000
7. Companion — Tier VII · At the King's Side · €20,000
8. Warden — Tier VIII · Keeper of Law and Custom · €50,000
9. Sentinel — Tier IX · The Highest Watch · €100,000

Amounts include Belgian VAT (21%). The rank titles above are the same ones used on the Website and on the NFT itself.

The NØA package. Each Order comes with a package of NØA tokens, calculated on the full membership contribution including VAT and converted at the market rate of NØA at the moment of admission. No fixed number of tokens is therefore attached to an Order: the number moves with the rate and is recorded in the order confirmation. The packages come from the share of the public NØA distribution reserved for the NFT issuance (see whitepaper Ch. V). Because that share is fixed and the rate is not, the rate determines how many units of each Order can be issued at any given moment: the number of available NFTs moves, the contribution per Order does not.

No promise of value. Until 31 July 2026 these statutes used a calculation unit of € 0.10 per NØA, from which a fixed number of tokens per Order followed. That unit has lapsed. Camelot makes no statement whatsoever about the value or the future rate of NØA; NØA amounts shown on the Website are indicative and are shown with their source and measurement time.

Transitional provision (31 July 2026). The Orders Camelot, Excalibur and Holy Grail ceased to exist with effect from 31 July 2026 and were succeeded by Knight, Guardian and Companion respectively. They are no longer offered and can no longer be chosen. Existing holders retain their NFT; only the name of the Order changes, and their rights under these statutes are those of the succeeding Order. On the same date the Camelotian monthly subscription (€ 13 per month, with a grace period and a one-off welcome gift in NØA) lapsed; there were no subscribers. Camelotian has since been an ordinary, one-off Order. The Orders Warden (Tier VIII) and Sentinel (Tier IX) were added.

3. Joining

Joining is done via the registration form on the Website. Each membership is sealed with a unique NFT on the Hedera network, minted to the Hedera account specified by the Knight. The NFT constitutes the canonical and only proof of membership.

4. Benefits per tier

In addition to the NØA token package and the unique NFT, Knights enjoy:

• A lifetime membership of the Camelot Family from the Order of Knight (Tier V) upward. The Orders Camelotian through Defender (Tiers I–IV) grant access to the Camelot Family;
• A SØF lock-bonus that yields NØA — those who lock SØF in the Camelot SØF pool periodically receive NØA as reward. No lock-up period, no time limit: you can lock or unlock at any moment, and tokens return instantly to your wallet (see whitepaper Ch. VII). Those who do not place SØF in the pool receive no NØA reward. NFT holders enjoy a tier bonus (see below);
• A tier multiplier on the annual Camelot Family Community Reward (see below).

The staking bonus on the SØF pool and the Community Reward multiplier per tier:

• Camelotian: access to the Camelot Family + 5% staking bonus on the SØF pool.
• Page: access to the Camelot Family + 10% staking bonus on the SØF pool.
• Squire: access to the Camelot Family + 15% staking bonus on the SØF pool.
• Defender: access to the Camelot Family + 20% staking bonus on the SØF pool.
• Knight: lifetime membership of the Camelot Family + 25% staking bonus on the SØF pool.
• Guardian: lifetime membership of the Camelot Family + 30% staking bonus on the SØF pool.
• Companion: lifetime membership of the Camelot Family + 35% staking bonus on the SØF pool.
• Warden: lifetime membership of the Camelot Family + 40% staking bonus on the SØF pool.
• Sentinel: lifetime membership of the Camelot Family + 45% staking bonus on the SØF pool.

"Lifetime" refers to the lifetime of the Knight, insofar as the NFT remains in his or her possession. Upon transfer of the NFT to a third party, the benefits associated with the Order pass to the new holder.

Annual Camelot Family Community Reward

In addition to the tier-specific benefits above, Camelot provides an annual Community Reward in SØF for members who keep the realm alive. The scoring year runs from 1 January to 31 December; distribution takes place in December/January according to a pre-publicly announced scoring formula (based on events attended, AVALØN votes cast, payments with NØA at accredited Partners and NØA/HBAR LP staking). The aggregate score is multiplied by an NFT-tier factor: Camelotian 1.00× · Page 1.05× · Squire 1.10× · Defender 1.20× · Knight 1.35× · Guardian 1.55× · Companion 1.80×. No multiplier has yet been set for Warden (Tier VIII) and Sentinel (Tier IX); the Council will set it and publish it here before the first scoring year in which those Orders take part in the distribution. Until then, the Companion multiplier applies to those two Orders. Anti-whale cap: maximum 5% of the annual budget per wallet. Minimum threshold: 20 points.

This is a loyalty distribution under Book VI WER art. VI.91 — no yield, no return guarantee, no income on the NFT purchase. There is no fixed percentage; the annual budget and distribution per member are variable and depend on both the collective activity level and the individual score. Inactive holders receive no distribution. The annual budget and scoring formula are publicly announced on 1 January and remain immutable for that year (no retroactive change). Full specification in whitepaper Ch. VII and in a separate regulation that is updated annually.

5. NFT, NØA, SØF and AVALØN

The NFT represents the membership. NØA is the native utility token of the Camelot ecosystem. At each NØA issuance an equivalent HBAR funding is transparently demonstrated at the moment of issuance; this is a transparency demonstration, not a continuous backing obligation, not a peg, not a redemption right and not a price promise. SØF is the reward token that the Knight earns through NØA staking or as cashback when paying with NØA at accredited Partners. AVALØN is the voting token of the Camelot Family community.

None of these tokens represents a share, a right to dividends, or a financial instrument within the meaning of MiFID II or MiCA. NØA is not a stablecoin, not an asset-referenced token (ART) and not an e-money token (EMT) under MiCA Regulation (EU) 2023/1114. AVALØN confers no corporate-law voting rights within Camelot bv. Any market or counter-value falls outside the guarantees of Camelot bv.

The full description of the three tokens, the six Protocols that govern them, and the risks associated with crypto-assets are set out in the whitepaper of Project NØA, in particular chapters I bis (MiCA classification), II, III, III bis, IV (HBAR funding) and XII bis (risks).

"Lifetime" membership is aspirational. It refers to Camelot Labs' intention to maintain the Camelot Family community for as long as possible. It is not a legal guarantee of perpetual existence; the continuity of the ecosystem depends on technical, financial and community factors.

6. Obligations of the Knight

• The Knight provides truthful and complete information upon joining.
• The Knight is solely responsible for the management of his or her Hedera account and private key.
• The Knight refrains from acts that may damage the reputation or integrity of the Camelot Family.
• The Knight respects the other members, the general values of Camelot, and applicable laws and regulations.

7. Termination

Membership is in principle lifelong and not terminable by Camelot, except in case of serious reasons, including fraud, money laundering, or serious reputational damage to Camelot or the Camelot Family. In such exceptional cases, Camelot may unilaterally terminate the membership, without obligation to refund.

The Knight may waive the membership by transferring or destroying the NFT. Waiver does not entitle to a refund of the membership fee or of NØA tokens.

8. Amendment of the statutes

Camelot may adjust these statutes to keep them aligned with the evolution of the project, the Hedera network, or applicable legislation. Memberships already granted remain in force under the benefits applicable at that time — vested rights are not unilaterally restricted.

9. Final provisions

Belgian law applies to these statutes. In case of dispute, only the courts of the judicial district of Ghent are competent. If any provision of these statutes turns out to be invalid, the remaining provisions remain fully in force.