Benefit Token Prospectus
DynAgro s.r.o. (Hereinafter “DynAgro” or the “Company”) is the spin-off of a
group of Czech companies active in agriculture, energy and water. Kukburg
Capital a.s., an “old style” agricultural operation (both plant and animal growth),
by now for more than ten years acts
“ecologically”, employing only natural means (without industrial chemicals –
herbicides, fungicides, fertilisers, antibiotics, hormones…), vertically integrated
(from birth/seeding to sales), with an offer completed by finished products (own
manufacture and external – such as French wine from selected producers)
organisation of events and catering.
Kukburg Capital had now for several years been co-directed by Mr Benjamin
Sittler, a young agricultural engineer (French Grande École Agro Paris Tech) with
practical skills to conduct his own operation, active in grain and similar growth,
and who now controls 100% of DynAgro and took over management.
DynAgro will, in one first step, operate on some 100 Ha of fields in the close
vicinity of Prague, of which about half shall be purchased and about half shall
be leased. Related agreements have been closed or pre-negotiated. A second
step of similar magnitude and under similar conditions is planned within the
next 5 years.
The yearly revenues (grain sales and subsidies) are projected to reach between
CZK 2,75 million (worst case scenario) and CZK 4 million (best case scenario).
Operating the fields will be secured by long-term (5 years) contract on
agricultural work, stabilising the expenses at some CZK 1.5 million and leading to
an EBITDA of CZK 1.25 to 2.5 million CZK and a yearly profit after tax of some 1
million (base case scenario).
DynAgro shall publish 76,000 Benefit Tokens, 25,080 Tokens to be sold in a
first step (Phase I – starting in September 2020) to allow for an investment of
some CZK 24 million for the purchase of agricultural land (DynAgro Benefit
Token (“DAQ”) – hereinafter the “Token”). Tokens shall be sold to investors
through an Internet sales platform. A minimum investment of 250 Tokens shall
DynAgro Benefit Tokens – powered by DIVÉI PRIME Coinage – 10/2020 
The investment in the Token shall be covered by a 25% stake holding in DynAgro
and collateralised by a mortgage on some 50 Ha of agricultural land in the
close vicinity of Prague (purchased with the funds generated through the sale
of the Token). The Token holders shall receive an initial return of 4.5% p.a. (base
case scenario), whereby
(i) 2.5% p.a. shall be guaranteed, considered similar to interest, and
paid in CZK
(ii) 1 % p.a. shall be distributed (0,5% if bad harvest) and paid in Tokens
(iii) some 1% p.a. (profit share - base case scenario) paid in CZK.
These return assessments do not include value gains of the Token, which may