Annex D
Fund Administration & Escrow Mechanism
OriLife Platform: Fund Administration and Disbursement Mechanism
Document: Annex D — Fund Administration & Escrow Mechanism
Version: v5.0
Updated: April 2026
Reference: GS-ORILIFE-GA-01
Proposer: Nguyen Hung Son— DDC Holdings, Dak Lak
Status: Public — Attached to Governance Action
Total Budget: 2,400,000 ADA
Milestones: 9 (M0–M8)
1. Governance Mechanism Overview
Four Foundational Principles
TRUSTLESS: Smart Contracts replace trust in any individual. ADA moves only when cryptographic signatures from IOB are present.
MILESTONE-GATED: No deliverable = no ADA. Each milestone is independent and can be reported at any time.
TRANSPARENT: Every spending decision is public. Monthly reporting is mandatory.
RECOVERABLE: Unspent ADA on milestone failure → automatically returned to Treasury. No new vote required.
Why 9 Parallel Milestones
Three teams operate independently: GreenSun R&D, Aladin Dev, DDC Holdings. When a team completes a milestone, IOB reviews and disburses immediately without waiting for other teams. Whichever team finishes first gets paid first — if one milestone is delayed, others continue unaffected.
2. Escrow Structure & ADA Flow
Overall Architecture
CARDANO TREASURY (2,400,000 ADA)
↓ After GA ratified (67% DRep + CC approval)
INTERSECT ESCROW SMART CONTRACT
Admin: Intersect MBO
Logic: Release ONLY when IOB 2-of-3 sign confirmation
Fallback: Auto-sweep to Treasury on timeout
├── M0 tranche: 360,000 ADA [MOBILIZATION ADVANCE]
├── M1 tranche: 260,000 ADA [LOCKED]
├── M2 tranche: 220,000 ADA [LOCKED]
├── M3 tranche: 180,000 ADA [LOCKED]
├── M4 tranche: 280,000 ADA [LOCKED]
├── M5 tranche: 200,000 ADA [LOCKED]
├── M6 tranche: 260,000 ADA [LOCKED]
├── M7 tranche: 280,000 ADA [LOCKED]
└── M8 tranche: 360,000 ADA [LOCKED]
↓ Per milestone, after IOB approval
Nguyen Hung Son— OPERATIONAL WALLET
[addr1: Published ≥14 days before GA submit]
↓ Allocated per internal Alliance agreement
├── GreenSun Tech (R&D share)
├── Aladin Contract (Dev share)
└── DDC Holdings (Field share)
M0 — Mobilization Advance (Special)
M0 differs from all other milestones: disbursed immediately upon GA ratification after preconditions are verified.
GA RATIFIED ON-CHAIN
↓
M0 PRECONDITIONS CHECK:
Escrow contract deployed + verified on Preprod
IOB 3 members confirmed + signing keys on-chain
Wallet addresses published ≥14 days
MOU notarized between 3 companies
↓ IOB 2-of-3 sign precondition confirmation
MOBILIZATION ADVANCE: 360,000 ADA → Operational Wallet
↓ 30 days later
MANDATORY SPENDING REPORT:
Employment contracts (scans)
Equipment invoices (scans)
Legal costs (scans)
ADA converted + exchange rate + DEX used
↓ If Spending Report not submitted
FREEZE: All M1–M8 locked until remediated
↓ If M1 not submitted within 90 days
CLAWBACK: Smart contract recovers unspent portion to Treasury
Wallet Addresses — Published Before Submit
Role
Publication
Escrow Contract
≥14 days before GA submit
Nguyen Hung SonOperational
≥14 days before GA submit
GreenSun Tech
≥14 days before GA submit
Aladin Contract
≥14 days before GA submit
All addresses will be published on https://pa.orilife.io/cardano-grant and Intersect Forum.
3. Independent Oversight Board (IOB)
Three-Member Structure
Member 1 — INTERSECT DELEGATE Officially designated by Intersect MBO. No financial relationship with any Alliance partner.
Member 2 — TECHNICAL REVIEWER Independent Cardano/AI expert. Nominated via Intersect Forum, community vote. Verifies on-chain deliverables + AI benchmarks.
Member 3 — COMMUNITY DREP Reputable dRep — especially from PRAGMA or dReps with technical/agricultural expertise. Open candidacy on Cardano Forum. Verifies field adoption metrics.
Mandatory Conditions
IOB members MUST:
Have no financial relationship with any Alliance member
Not hold LAMP tokens or tokens related to the MagicLamp ecosystem
Review Completion Reports within ≤7 business days
Disclose identity publicly on Intersect Forum and orilife.io
Compensation: IOB operates on a voluntary basis. No compensation from the project.
IOB Member Replacement
If a member cannot continue:
Hours 0–48: Public announcement on Intersect Forum
Days 1–7: Intersect MBO nominates replacement
Days 7–10: Community feedback/objection period
Day 10+: New member confirmed and onboarded
Timeout clocks pause during transition.
4. Milestone Review Process
Per-Milestone Process (M1–M8)
Step 1 — Prepare Completion Report (≤3 days): On-chain evidence, KPIs (target vs actual), video documentation, financial report, third-party verification where applicable.
Step 2 — Submit Report (1 day): Post on Intersect Portal, tag 3 IOB members, email Intersect MBO, update orilife.io/cardano-grant.
Step 3 — IOB Review (≤7 business days):
Member 1: Process compliance
Member 2: On-chain deliverables + AI benchmarks
Member 3: Field metrics + adoption
Step 4 — IOB Decision:
APPROVED: 2-of-3 sign → Release tranche
CONDITIONAL: Supplementary info requested (7-day grace)
REJECTED: Specific reasons → team remediates (30 days)
Step 5 — Escrow Release (1–2 days after approval)
Total time: ≤14 days from Report submission to ADA received.
Dispute Resolution
Days 1–3: Team submits Counter-Argument
Days 4–6: IOB responds with detailed rationale
If still disagreed → Escalate to Intersect MBO
Days 7–14: Intersect MBO independent review — decision is FINAL
5. Disbursement Schedule
Projected Timeline
MAY 2026
Week 1: GA ratification → 2,400,000 ADA into Escrow
Week 1: M0 preconditions verified
→ IOB signs → 360,000 ADA MOBILIZATION ADVANCE
Week 1–2: M0 Foundation setup
M1 begins (GreenSun — AI fine-tuning)
M2 begins (Aladin — App build) [PARALLEL]
JUNE 2026
Week 1: M0 Spending Report (30 days after disbursement)
Week 2: M1 Completion Report → IOB Review
Week 3: M1 APPROVED → 260,000 ADA released
JULY 2026
Week 1: M2 Completion Report → IOB Review
Week 2: M2 APPROVED → 220,000 ADA released
M3 begins (Audit + Mainnet)
M4 begins (DDC field ops) [PARALLEL]
Week 4: M3 Completion Report → IOB Review
Week 5: M3 APPROVED → 180,000 ADA released
AUGUST 2026
🌳 DURIAN HARVEST SEASON — Đắk Lắk
M4 Pilot operates during harvest season
Week 2: M4 APPROVED → 280,000 ADA released
M5 begins (SDK Open)
AUGUST–SEPTEMBER 2026
M5 + M6 [PARALLEL]
M5 APPROVED → 200,000 ADA released
M6 execution (3,000 ha scale)
SEPTEMBER 2026
M6 APPROVED → 260,000 ADA released
M7 begins (12,000 ha full rollout)
OCTOBER 2026
M7 APPROVED → 280,000 ADA released
OCTOBER–NOVEMBER 2026
M8 execution → M8 APPROVED → 360,000 ADA released
✅ PROJECT COMPLETE
DECEMBER 2026
⚖️ CIRCULAR 11 DEADLINE (01/12/2026)
OriLife operational 2+ months before deadline
Timeout Thresholds
Milestone
Timeout Sweep
M0
14 days after ratification
M1
97 days after M0 disbursement
M2
August 8, 2026
M3
August 22, 2026
M4
September 8, 2026
M5
September 22, 2026
M6
October 8, 2026
M7
November 8, 2026
M8
December 8, 2026
Dates converted to Cardano slot numbers at deployment.
6. Pass/Fail Matrix — Per Milestone
Milestone
Key PASS Requirements
M0
Escrow deployed + verified; IOB 3 members on-chain; wallets published ≥14 days
M1
Precision ≥99%; Recall ≥95% at ±45°; Latency <1s on Android 4GB; Temporal consistency after 30 days; Throughput ≥100 units/hour; API <500ms p95
M2
IOB self-installs <10 min; Uncut demo video; Offline sync verified; Contract freeze hash public
M3
Zero unresolved Critical/High; ≥1 Farm NFT on Mainnet; Source code public; VeData batch demo
M4
≥50,000 trees on-chain; ≥1,000 active DIDs; ≥1 GACC shipment cleared; Anti-fraud 100% detection
M5
GitHub public MIT; Third party integrates <1 hour; GS1 v2.0 valid; Multi-app demo complete
M6
≥300,000 trees on-chain; ≥3,000 active DIDs; Uptime ≥99.0%; Zero security incidents
M7
≥1,200,000 trees on-chain; ≥24,000 active DIDs; DR recovery <15 min; ≥100,000 tx during M7
M8
≥5 active B2B contracts; MAGIC ≥1,000 tx/30 days; Impact report ≥30 pages; 2 AMA recordings
7. Transparency & Reporting
Monthly Progress Report — 1st of Each Month
Mandatory content:
ON-CHAIN METRICS — Bio-ID count, DID count, transactions, Farm NFT status
FIELD METRICS — Districts covered, workshops held, active farmers
FINANCIAL REPORT — ADA received, USD spent, ADA conversion log
TECHNICAL UPDATES — AI performance, VeData efficiency, uptime
RISKS & BLOCKERS — New risks + mitigation plans
Reporting Channels
Channel
Frequency
https://orilife.io/cardano-grant
Monthly
Intersect Portal
Monthly
Cardano Forum
Monthly
GitHub Release Notes
Per milestone
Community AMA Sessions
AMA
Timing
Content
AMA #1
After M4 (August)
Pilot results + Mainnet demo
AMA #2
After M8 (November)
Final results + impact + roadmap
8. Refund & Surplus Policy
Scenario 1 — Automatic Timeout
Trigger: Completion Report not submitted before deadline. Action: Smart contract automatically sweeps milestone tranche back to Treasury. No vote, no manual action required.
Scenario 2 — M0 Clawback
Trigger: M0 disbursed, but M1 Completion Report not submitted within 90 days. Action: Smart contract recovers all unspent portion of M0 to the Treasury automatically.
Scenario 3 — M0 Spending Report Failure
Trigger: Spending Report not submitted 30 days after M0 disbursement. Action: IOB freezes all M1–M8 until the Spending Report is submitted and approved.
Scenario 4 — IOB Rejects Milestone
Trigger: IOB 2-of-3 vote REJECT. Action: Team has 30 days to remediate. After 30 days if still failing → ADA sweeps to Treasury.
Scenario 5 — Project Terminates
Trigger: Nguyen Hung Son declares inability to continue, or no activity for 45 days. Action: All remaining ADA in Escrow returns to Treasury within 14 days.
Scenario 6 — Completion with Surplus ADA
Trigger: M8 approved, ADA remaining in Escrow or operational wallet.
Action in priority order:
Reimburse Alliance for self-funded expenditures incurred when ADA was below $0.25
Contingency for any outstanding remediation needs
Reinvest to expand to coffee, melon, shrimp, and fish
Public report within 14 days after M8
Why Clawback Doesn't Need a New GA
Traditional approach: Discover failure → create clawback GA → vote 1–2 months → proposer may transfer ADA before GA passes.
OriLife approach: Smart contract processes automatically on timeout → no vote needed → no window to transfer funds → Treasury receives ADA in 1 transaction.
9. Financial Risk Management
ADA Price — Two Simple Rules
Rule 1 — ADA below $0.25 at disbursement: Alliance self-funds the gap from its own capital. Deployment continues without interruption. No scope reduction, no VoluntaryRefund, no new negotiation required. The Alliance has already self-invested nearly $500,000 USD before this proposal — this is a demonstrated commitment, not a theoretical one.
Rule 2 — ADA above $0.30 at disbursement: Surplus ADA received (relative to the $0.25 baseline) is used first to reimburse Alliance expenditures from any prior self-funded period. Any remainder becomes contingency or ecosystem reinvestment per the Surplus policy above.
These two rules replace all price-tiered scenarios. Simplicity is accountability — no ambiguity about what happens at any price point.
ADA Conversion Policy
Immediately after receiving each milestone disbursement:
Convert 30% to USD immediately (pay bills)
Hold 70% ADA, convert gradually 10%/day over 14 days (minimize price impact)
Exchanges: Prefer DEX (Minswap, SundaeSwap). No private OTC deals. All conversions logged in monthly reports.
10. Conflict of Interest Declaration
Party
Conflict?
Note
Nguyễn Hùng Sơn
No
No financial relationship with any DRep/SPO/CC
GreenSun Tech
No
No financial relationship with any DRep/SPO/CC
Aladin Contract
No
No financial relationship with any DRep/SPO/CC
DDC Holdings
No
No financial relationship with any DRep/SPO/CC
Duc Tiger
YES — DISCLOSED
dRep + SPO (pool TIGER). PM. Receives reasonable compensation from GA budget. Votes ABSTAIN on this GA and all Withdraw Treasury GAs during the voting period.
No LAMP, MAGIC, ADA, or any token is allocated to DReps, SPOs, or CC Members in any form related to voting on this GA.
11. Emergency Procedures
Security Incident
Hours 0–2: Activate Incident Response. Pause writes. Notify IOB + Intersect MBO.
Hours 2–24: Assess scope. Public disclosure.
Hours 24–72: Remediation. Security patch. Independent verification.
After 3 days: Post-mortem report (public).
Force Majeure
Recognized events: Natural disaster in Đắk Lắk, contradictory government regulation, Cardano network outage >7 days, epidemic affecting the region.
Notify IOB within 48 hours with evidence
IOB + Intersect MBO confirm within 7 days
If confirmed: Timeout clock PAUSES for up to 60 days
After 60 days: Resume or terminate + return ADA
12. Signatures & Commitments
I, Nguyễn Hùng Sơn, Director of DDC Holdings' Đắk Lắk Office, commit to:
✅ Not spending ADA before receiving from Escrow
✅ Submitting Spending Report 30 days after M0 disbursement
✅ Spending strictly within each milestone's scope
✅ Accurate and timely monthly financial reporting
✅ Publishing wallet addresses ≥14 days before GA submit
✅ Public disclosure of all material events within 48 hours
✅ Organizing 2 public AMAs (after M4 and after M8)
✅ Accepting auto-sweep mechanism on timeout
✅ Accepting 90-day Clawback for M0
✅ If ADA < $0.25 at disbursement: Alliance self-funds the gap. Deployment continues.
✅ If ADA > $0.30 at disbursement: Surplus reimburses Alliance self-funded expenditures first; remainder per Scenario 6.
✅ Reinvesting ecosystem surplus per binding commitment
✅ Cooperating with IOB and Intersect MBO in all circumstances
Pre-Submit Checklist
ESCROW & WALLETS:
Escrow smart contract deployed and verified on Preprod
All wallet addresses published ≥14 days
3 IOB members confirmed with public identities
IOB signing keys registered in escrow contract
DOCUMENTS (LampNet):
GA main document — final version
Annex A (Technical) — CID
Annex B (Legal & Compliance) — CID
Annex C (Financial) — CID
Annex D (Fund Admin) — this file — CID
Annex E (Community Q&A) — CID
All legal documents (Circular 11, QĐ 1236, QĐ 5272, Letter 351, MOU, Copyright Certificate, USPTO Receipts) — CIDs
ON-CHAIN METADATA:
Compliant with CIP-100 metadata format
LampNet links to all annexes
Wallet addresses accurate
COMMUNITY:
Draft posted on Intersect Forum ≥2 weeks for feedback
At least 1 community call presented
Community questions addressed
No unresolved serious objections
Proposer: Nguyen Hung Son— DDC Holdings, Đắk Lắk
Technology Alliance:
DDC Holdings — Nguyen Hung Son(Director, Đắk Lắk)
GreenSun Tech — Nguyen Thi Kim Ngan (CEO)
Aladin Contract — Nguyen Thi Thuy (Deputy Director)
Cardano Rep: Duc Tiger (dRep · SPO TIGER) · Receives reasonable compensation · ABSTAIN on this GA and all Withdraw Treasury GAs during voting period
Annex D v5.0 · April 2026 · GS-ORILIFE-GA-01
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