Confidential · Draft Term Sheet
Bitcoin Storm · Lead Operator Engagement · April 2026

Lead Operator
term sheet.

Draft · Not Binding Subject to Contract Subject to NDA
Purpose of this document

This is a non-binding draft term sheet outlining the proposed economic and structural terms of an engagement under which a single senior operator would lead the Bitcoin Storm founding-million marketing programme in its entirety — sourcing, contracting, and managing a cohort of up to fifty sub-affiliates supported by a deputy layer; owning delivery of the one-million-paid-user target within eighteen months.

The engagement is structured as a lead-operator partnership rather than a conventional influencer retainer. The counterparty is expected to operate at the level of a programme lead, not a contracted voice. The compensation reflects this. Final binding terms to be negotiated after mutual NDA and initial discussion.

01 · The Engagement

One operator,
one deliverable.

The Storm is contracting a single lead operator to own the founding-million marketing programme end-to-end. The lead operator has full authority over sourcing, contracting, and managing the sub-affiliate cohort and the deputy layer that supervises it; runs the performance dashboard; and reports directly to the founder.

Role Lead Operator — Founding Million Programme
Reports to The founder directly. No intermediate management layer.
Primary deliverable One million paid founding participants, committed at $100 each, within eighteen months of protocol launch.
Authority Full authority over programme execution. Sources, contracts, and manages a cohort of up to fifty sub-affiliates with a six-deputy supervisory layer ($300K deputy pool, see Section 04). Owns campaign calendar, attribution, reporting.
Term Up to eighteen months from protocol launch, OR until one million paid users are secured, whichever occurs first.
Editorial independence Fully protected. No mandated scripts or approved-copy requirements. Standard paid-promoter disclosure as per SEC / FTC / ASA / equivalent.

02 · Compensation — Retainer

Funded first by the founder,
then by the users they deliver.

The retainer structure is deliberately tied to the metric the engagement exists to move. The founder carries the first four months personally — committing $500,000 total to bootstrap the programme; from month five onward, the retainer is funded exclusively from subscription inflow — paid only if users are subscribing.

Monthly retainer $50,000 per month
Months 1–4 Paid by the founder personally, from a $500,000 founder-personal bootstrap commitment. The $50,000 monthly Lead Operator retainer is guaranteed regardless of user acquisition performance in these months. The same bootstrap also funds early sub-affiliate retainers and the deputy stipend pool — see Section 02b below.
Month 5 onward Retainer funded from the $5 Operating Fee Reserve — the $5 per paid participant ring-fenced from the $100 entry fee for operations. Paid only if there is sufficient running balance in the Reserve.
Running-balance mechanic Reserve inflows accumulate in a running balance. Good months build the balance; lean months draw from it. As long as the cumulative balance can cover the $50,000 monthly retainer, the retainer is paid in full. If the balance is insufficient in a given month, payment is proportional to available balance.
If the kitty is empty No retainer is paid that month. This is the structural accountability: if users are not subscribing, the money to pay the retainer does not exist, and nobody is obliged to create it.
Termination of retainer Stops automatically when one million paid users are secured, OR at the end of month eighteen, whichever first occurs.

Worked example of the running balance

Month New paid users Reserve inflow ($5 × users) Retainer paid Running balance
Month 5 20,000 $100,000 $50,000 $50,000
Month 6 12,000 $60,000 $50,000 $60,000
Month 7 35,000 $175,000 $50,000 $185,000
Month 8 8,000 $40,000 $50,000 $175,000
Note on the Reserve: The $5 Operating Fee Reserve is a disclosed, ring-fenced portion of every participant's $100 entry, held separately from the $95 Participant Pool. Participant capital is not at risk from the retainer structure. The retainer is paid from the Reserve or not at all.

02b · Bootstrap Allocation — Months 1–4

How the $500,000
founder commitment is split.

The founder-personal $500,000 funds three things during the first four months. Once the Operating Fee Reserve is established at month five, all three lines transition to OFR funding.

Lead Operator retainer (4 months × $50K) $200,000 — full retainer for months 1–4, paid in full regardless of recruitment progress.
Sub-affiliate retainer pool (months 1–4) $90,000 — covers tier-1 retainers for the cohort as it ramps. Realistic burn: roughly $58,000 across months 1–4 (zero in month 1, climbing to ~$40,000 in month 4 as the cohort fills). The buffer above realistic burn absorbs early-contracted sub-affiliates beyond plan.
Deputy stipend pool (months 3–4) $30,000 — covers deputy stipends from approximately month three, when sub-affiliate volume justifies the supervisory layer. Six deputies funded across two months. See Section 04 for the deputy structure.
Float / contingency $180,000 — unallocated buffer for early-contracted sub-affiliates beyond plan, deputies onboarded a month early, audit overruns, unforeseen counsel costs, regulatory advisory work, and any operational surprises. The founder carries this. A 36% float is deliberately generous: it absorbs four months of variability without requiring a top-up conversation.
Total founder-personal commitment $500,000
Why the float is sized at ~36%: Reducing the Lead Operator retainer to $50,000/month freed substantial bootstrap capacity that the founder is electing to retain as contingency rather than reduce the headline commitment. A larger float means the budget genuinely lasts the four months under any plausible variance scenario, and the founder is not put in the position of either committing more capital or letting a sub-affiliate retainer go unpaid mid-engagement. Unspent float at month four returns to the founder.

03 · Compensation — Performance Bonus

$12M at Year 5,
conditional.

The real upside of the engagement is a single performance bonus paid at Year 5 Bonanza Day, contingent on both (a) the one-million-user target being achieved within eighteen months, AND (b) the protocol settling profitably at Year 5 with sufficient residual surplus available.

Bonus amount $12,000,000 USD equivalent, flat, capped.
Payable when Year 5 Bonanza Day — the protocol's single deterministic settlement event.
Condition A (user target) One million paid founding participants secured within eighteen months of protocol launch.
Condition B (protocol profitability) The bonus is paid from Year 5 residual surplus — the profit remaining after the 2,100 BTC purchase and pro-rata participant distribution. To preserve participant capital, the operator's $12M bonus is capped at 15% of residual surplus. For the bonus to be payable in full, residual surplus must be at least $80M. Below that, the bonus pays proportionally — 15% of whatever residual exists. At $0 residual, no bonus is paid regardless of user target achievement. In the high-residual scenarios the protocol is designed to produce, the cap is not the binding constraint — the $12M is.
Source of payment Year 5 residual surplus — profit remaining after BTC purchase and pro-rata participant distribution. Not from Participant Pool capital under any circumstance.
If either condition fails Bonus pays zero. Retainer payments already received are not recoverable.

Scenario reference — bonus payability

Protocol outcome at Year 5 Residual surplus Bonus payable
BTC threshold exactly met ~$0 $0 (no surplus to draw from)
Marginal upside — residual ~$40M ~$40M $6M operator (15% binds)
Modest upside — residual ~$67M ~$67M ~$10M operator (15% binds)
Threshold for full bonus — residual ~$80M ~$80M Full $12M operator
Good outcome — residual ~$290M ~$290M $12M operator
Strong outcome — residual ~$990M ~$990M $12M operator
1M users missed by month 18 $0 (condition A failed)
The 15% cap: The operator's $12M bonus is capped at 15% of Year 5 residual surplus to preserve participant distribution in all scenarios. The $300K deputy pool is funded operationally during the engagement (months 3–18) and is not a Year 5 obligation against this cap.

04 · Deputy Pool

Six deputies,
promoted from within.

The lead operator runs a cohort of up to fifty sub-affiliates — too many for a single person to oversee personally without quality drift. The deputy pool funds a supervisory layer: six deputy managers, each overseeing approximately eight sub-affiliates. Deputies are recruited from inside the existing sub-affiliate cohort — high-performing sub-affiliates who have demonstrated audience quality, compliance discipline, and operational reliability.

Pool size $300,000 total, across the full eighteen-month engagement.
Number of deputies Six, each overseeing approximately eight sub-affiliates.
When deputies come on Approximately month three, when sub-affiliate volume has reached the level where supervisory oversight is justified. Earlier if recruitment runs ahead of plan.
Stipend structure Deputy stipends are paid on top of the sub-affiliate's existing retainer — the deputy role is a tier-up promotion, not a replacement contract. Approximate stipend: $3,000/month during bootstrap (months 3–4), continuing at ~$2,800/month from month five onward as the OFR ramps.
Months 3–4 funding $30,000 from the founder-personal $500,000 bootstrap commitment (see Section 02b).
Months 5–18 funding $270,000 from the Operating Fee Reserve, paid alongside the lead operator's retainer and sub-affiliate retainers.
Selection authority The lead operator selects deputy candidates from the sub-affiliate cohort and presents to the founder for ratification before promotion. Deputies sign a short addendum to their existing sub-affiliate contract.
Sub-affiliate 1 BTC track preserved Deputies retain their underlying sub-affiliate 1 BTC bonus track. The deputy stipend does not affect their existing bonus eligibility.
Deputy Year 5 cohort bonus Each deputy who completes their full term receives an additional 1 BTC at Year 5 Bonanza Day if their cohort segment (the ~8 sub-affiliates they oversee) collectively delivers at least 60,000 paid users across the engagement. Conditions are the same as the operator's $12M bonus: target hit AND protocol settles profitably. If either fails, the deputy bonus pays zero. Six deputies × 1 BTC = 6 BTC total Year 5 commitment, paid from residual surplus alongside the operator and sub-affiliate bonuses.
Why promote internally rather than hire externally: Internally promoted deputies already understand the protocol mechanics, the House Rules, the Library format, and the audit framework. Their onboarding cost is essentially zero. They are also pre-aligned: their underlying sub-affiliate retainer and 1 BTC bonus track give them direct skin in the game on the cohort's collective success. An externally hired deputy would need full programme onboarding plus a higher retainer to attract; the internal route is faster, cheaper, and operationally tighter.

05 · What the Operator Controls

Authority to build
the right team.

The lead operator has full authority to structure the programme as they see fit within the agreed performance envelope. The Storm provides the budget envelope, the product, the regulatory framework, and the founder's availability. Everything else is the operator's call.

Operator Authority — What They Own
1
Sourcing and contracting sub-affiliates. Operator sources, vets, and contracts up to fifty sub-affiliates. Each sub-affiliate signs directly with the Storm. Operator also selects deputy candidates from the contracted cohort and presents to the founder for ratification, allocating from the $300K deputy pool defined in Section 04.
2
Content calendar and campaign coordination. Operator owns content cadence, campaign launches, platform selection, and coordination across the sub-affiliate cohort and deputy layer. The Storm does not dictate creative or editorial.
3
Performance dashboard and reporting. Operator runs the attribution system, tracks per-sub-affiliate, per-deputy, and per-channel performance, and reports monthly to the founder. Dashboard is owned by the Storm (not by the operator personally), so continuity is protected if the engagement ends.
4
Month-three performance gate. Operator presents performance data at end of month three and makes a recommendation on whether to continue, renegotiate sub-affiliate retainers, or terminate the programme. Founder makes the final call on the recommendation.
5
Clean wind-down at target. When the one-million-user target is reached, the operator executes programme closure: retainers stop, bonuses lock in for Year 5, sub-affiliate and deputy contracts formally close.

06 · Continuity Safeguards

Protecting against
key-person risk.

A lead-operator structure places real weight on a single individual. Three contractual safeguards balance that risk without undermining the operator's autonomy.

Minimum supervisory layer Operator must have at least three deputies promoted from the sub-affiliate cohort within 90 days of protocol launch (i.e., before the end of month three of operations). This ensures the programme does not collapse to a single-person operation. Operator's choice of deputies, subject to founder ratification.
Replacement obligation on exit If the operator exits the engagement voluntarily before the target is hit (for any reason other than gross breach by the Storm), they must introduce a qualified replacement operator. Bonus entitlement is forfeited if this obligation is not met.
Dashboard ownership All performance data, attribution infrastructure, and campaign records are owned by the Storm, not by the operator personally. If the engagement ends for any reason, continuity infrastructure remains with the Storm.
Non-compete carve-out During the engagement, operator may not take new sponsored engagements with any competing capital protocol, ICP-ecosystem financial product, or directly competing regulated-crypto venture. All existing ongoing sponsored work is grandfathered.
Moral conduct clause Standard industry clause. Conviction of fraud, association with a publicly documented rug pull, or conduct bringing the protocol into disrepute terminates the engagement with no bonus owed. Not triggered by legitimate editorial disagreement or controversial opinion expressed in professional capacity.

07 · What Is Not Included

Clear on what this
is not.


08 · Process From Here

How to move forward.

Sequencing
1
Mutual NDA executed. Both parties sign mutual confidentiality before substantive commercial discussion. Standard terms.
2
Initial call. Thirty-minute founder-to-operator call. Cover: the operator's view of the Storm product and its market fit; the operator's existing commitments and conflicts; operator's initial read on these terms.
3
Detailed discussion. If both sides want to proceed, 90-minute follow-up covering sub-affiliate sourcing approach, deputy promotion criteria, proposed campaign architecture, content cadence, performance expectations, and any term-sheet adjustments.
4
Contract drafting. Engagement does not activate until Gibraltar authorisation is in place. Contract drafting proceeds in parallel; both sides' counsel involved from draft stage.
5
Launch coordination. On authorisation and contract signature, operator begins sourcing sub-affiliates immediately. Retainer commences at protocol launch.
Non-binding: This document is a draft term sheet for discussion purposes only. No binding obligation is created by either party's engagement with or review of this document. Final terms are subject to mutual agreement and execution of a definitive engagement agreement.