What is the peer-to-peer Bulletin Board?

The P2P Bulletin Board is a dedicated space where investors can list their BRXS notes for sale to others. It acts as a peer-to-peer platform, facilitating the transaction between two parties directly.

The Bulletin Board serves two purposes:

• It provides (limited) liquidity to investors who need to access their funds before their notes mature.
• It allows investors to potentially access investment opportunities that have already been fully subscribed during the offering period.

By using the p2p bulletin board you agree to the Usage Rules.

Peer-to-peer transactions

An important aspect of the Bulletin Board is its peer-to-peer nature. BRXS Properties does not participate in, nor is it responsible for, any transactions or communications that take place on this platform. Instead, the transfer is made directly between the buyer and the seller.

Method of transfer

BRXS Properties is not involved in the execution of the transaction. Arrangements for payment and settlement of the transaction are the responsibility of the buyer and seller and should be made outside of the bulletin board. After the transaction is completed, the seller must inform BRXS Properties via the bulletin board so that ownership of the notes is transferred to the buyer.

In order to facilitate the payment in a secure way, the buyer and seller can agree directly amongst each other to use a third party escrow service. The escrow service will hold the payment until the transfer of the notes is complete.

Fees and Charges

A 2% administration fee will be charged to the seller when the transaction is settled. This fee covers the administrative costs (e.g.transfer fees) associated with transferring the note(s) to the buyer. This fee is charged regardless of the transfer method chosen.

The buyer is not charged any fees.

Selling on the Bulletin Board

If you, as an investor, need to access your funds before the end of the fixed term of your BRXS notes, you can use the Bulletin Board to publish an advertisement for selling your notes.

Follow these steps to publish an ad on the Bulletin Board:

1. Navigate to the Bulletin Board
   1. Go to the "Support" page in the BRXS app.
   2. Click on "Bulletin Board".
2. Post your ad
   1. Click on "Post an ad".
   2. Select the specific property of which you wish to sell your notes from.
   3. Select the transfer method:
      1. At the moment only the manual method is supported. The entire transfer must be arranged by the two parties outside the bulletin board.
   4. Enter the number of notes you want to sell.
   5. Decide on the price per note. You need to decide your own price. This gives you an opportunity to for example choose a premium price for more revenue or a discount for a faster sale.
3. Publish your ad
   1. Click on "Post ad”.
   2. Review and confirm your ad details.

Once your ad is published, others will be able to see it and make an offer to buy your note(s). You will receive a notification when an offer is made. To proceed with an offer, follow the steps below:

1. Review offers
   1. On the "Bulletin Board" page, find your ad.
   2. Click on it to see the details of any offers made by other investors.
2. Accept an offer
   1. You can freely decide which offer you want to accept.
   2. To proceed with an offer, click the "Accept" button on the selected offer.
3. Model Contract
   1. The buyer will be prompted to review and accept the model contract between the buyer and seller for the purchase of notes.
   2. Once the buyer has accepted the contract, you will also need to review and accept it.
4. Arrange the payment
   1. The bulletin board will provide you with the buyer's contact details. You will need to contact the buyer to arrange the payment outside the bulletin board. You could agree with the buyer to use an escrow service to reduce the risk of fraud.
5. Note(s) transfer
   1. Once the settlement is complete, you will need to pay a 2% admin fee through the bulletin board, only then the transfer of ownership of the notes goed to the buyer and then the transaction is complete.

Buying on the Bulletin Board

If you're too late to buy notes during the initial offering period, you may be able to buy them later on the P2P Bulletin Board. Here you can browse and buy notes listed by other investors.

Follow these steps to buy notes on the Bulletin Board:

1. Navigate to the Bulletin Board
   1. Go to the "Support" page in the BRXS app.
   2. Click on "Bulletin Board".
2. Browse the available ads
   1. Browse the ads to find notes 
3. Make an offer
   1. When you find an ad that interests you, click on the ad for more details.
   2. Read the actual investment property information and potential risks.
   3. Click “Accept Ad” to make an offer. Note that you are purchasing a note as it was originally issued, regardless of the seller's asking price.
4. Wait for the seller's response
   1. After submitting your offer, wait for the seller to review it. The seller can either accept or decline your offer.
   2. You will receive a notification if the seller has accepted your offer.
5. Model Contract
   1. If the seller accepts your offer, you'll be asked to review the model contract between the seller and buyer for the purchase of notes.
   2. Accept the contract to proceed with the purchase.
6. Make the payment
   1. Contact the seller to arrange the payment outside the bulletin board. You could agree with the seller to use an escrow service to reduce the risk of fraud.
7. Note(s) transfers
   1. Once the payment is settled, the transfer is then completed, and you become the new owner of the notes.