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AFRX Security Token (ERC-3643) — Backed by Real-World Equity

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AFRX Overview

About AFRX
AFRX is a $4+ billion USD equity-backed security token, built on the ERC-3643 standard (based on ERC-1400) and issued in full compliance with Regulation D Rule 506(c) and Regulation S under the U.S. Securities Act of 1933. It is a live production token issued and backed by real equity in Afrail Inc., a premier smart mobility and infrastructure company headquartered in Atlanta, Georgia, USA, with a permanent operations office in Oshakati, Namibia.

Finance
AFRX is designed to fund the development and deployment of AfrailX™ and ArailX™, which are Afrail Inc.'s next-generation smart urban rail systems — launching in Northern Namibia and South Florida, with plans to rapidly expand across major cities and towns in all 54 African countries, the United States, the Middle East, and other key global markets.

Tokenomics
AFRX is capped at a total supply of 5.77 billion tokens and an initial offering price of $0.70 USD per AFRX, the token represents real equity in Afrail Inc., supported by a mix of Class A and Preferred Shares.

Technology
Powered by the Duo® Floc Rail™ technology, AfrailX™ and ArailX™ aim to deliver efficient, green urban mobility, with secure ticketing fully integrated via the Abba App™.

Developed and built by London, UK-based Urban.MASS Ltd., the Floc® Duo Rail™ system, consisting of lightweight, automated, electrically powered pods on custom-designed elevated tracks, is poised to revolutionise urban mobility by dramatically reducing carbon emissions to 50% of comparable urban mass transport alternatives. This innovative transit solution addresses Africa's pressing need for efficient public transportation and commercial logistics, catalysing economic growth and improving connectivity across rapidly urbanising regions.

Over the years, Urban.MASS has achieved significant milestones in advancing its innovative transit solutions, firmly establishing itself as a leader in the global sustainable transportation sector. The company announced a landmark agreement in January with Dubai’s Roads and Transport Authority (RTA) to pilot the Floc® Duo Rail™ system. This followed the signing of an MoU with the University of Birmingham in Dubai to collaborate on research and education and collaborate on deployment in Dubai and a pivotal collaboration with engineering partner SEMP to define the system and service design for the Floc® Duo Rail™ system to create a comprehensive Concept of Operations for launch in Dubai by late 2025.

On June 26, 2024, Urban.MASS and Afrail Inc. (formerly "Abba RailX") signed a Letter of Intent (LoI) to pioneer the deployment of the Floc® Duo Rail™ system across Africa. This landmark agreement, with a projected value of more than $2 billion USD, demonstrates an unprecedented level of commitment to implementing affordable, accessible, and low-carbon mass public transit systems across the continent.

The Letter of Intent was signed by Simon Kapenda (Afrail Inc. Founder) and Ricky Sandhu (Urban.MASS Founder), marking a pivotal moment for both organisations. This agreement not only represents a milestone for the companies, but also showcases British innovation in mobility, infrastructure, and design expertise, worldwide.

AFRX Revenue Model & Vision
Afrail Inc. is building a global smart mobility ecosystem through its AfrailX™ and ArailX™ rail systems, designed to serve over 1 billion daily paying commuters across Africa, the Middle East, the United States, and beyond. With an average fare of $0.60 USD for a one-way ticket, the company projects up to $87.6 billion in annual revenue within 5 years, driven by high-volume ridership and seamless digital payments via the Abba App™. Future growth includes diversified revenue streams such as freight, subscriptions, station retail, and ESG-linked carbon credits. Proceeds from the AFRX Security Token (ERC-3643) — now live on Tokeny — are fueling this infrastructure rollout, with the company’s long-term goal set on a NASDAQ IPO, offering global investors real equity-backed participation in the future of smart, sustainable urban transport.

Investors
AFRX is a $4+ billion USD equity-backed security token offering investors real ownership in Afrail Inc., with the option to convert into Class A or Preferred Shares. Built on the ERC-3643 standard and issued under U.S. Regulation D Rule 506(c) and Regulation S, AFRX combines the benefits of regulated digital securities with exposure to a global smart mobility ecosystem. Investors gain access to potential dividends, ESG-aligned impact, and future liquidity via targeted listings on INX or tZERO™ — all while supporting infrastructure, job creation, and green urban transport across Africa, the U.S., and beyond.

Communities
AFRX aims to empower everyday people and underserved communities by making real-world infrastructure ownership accessible through a regulated, equity-backed digital token. Priced at just $0.70 USD, AFRX is directly funding the rollout of AfrailX™ and ArailX™ — next-generation smart rail systems — creating over 1 million jobs across Africa, 300,000+ in Northern Namibia, and 30,000+ in the United States. It delivers affordable, green urban mobility, reduces traffic congestion and accidents in high-risk regions, and stimulates economic growth. With integrated tools such as Abba App™ and Abbafin™, AFRX promotes financial inclusion, sustainable development, and long-term community upliftment.

Tokenization, Smart Contract Auditing, and Investor Verification
AFRX is a fully tokenized, regulatory-compliant security token issued through Tokeny’s institutional-grade platform. Its smart contract—built on the ERC-3643 standard—is scheduled for professional auditing by Certik to ensure maximum security, transparency, and performance. Investor onboarding and verification are powered by Sumsub, providing robust global KYC/KYB compliance and identity protection. This integrated framework ensures AFRX meets the highest standards of trust, compliance, and operational excellence.

Use of Proceeds
AFRX Security Token proceeds are allocated to strategic initiatives that fuel the smart mobility rollout of AfrailX™ in Africa and ArailX™ in the United States, while generating long-term value through infrastructure, innovation, and inclusive investment.

The total proceeds from AFRX Security Token — up to $4.04 billion USD — will be strategically deployed across smart mobility infrastructure, energy, real estate, and innovation initiatives. The following is the allocation, as per our Form D filed with the U.S. Securities and Exchange Commission

Note: Figures are approximations based on target raise. Detailed breakdowns available in the Private Placement Memorandum (PPM).

Leadership & Governance Summary
Afrail Inc. is led by a highly seasoned executive team with over 150 years of combined experience spanning capital markets, technology, transportation, logistics, and infrastructure.

Radhey Verma (CEO) is a veteran cluster CFO with leadership across global operations, having served as CFO of DHL Angola and CFO of International SOS Angola for several years, he brings deep financial oversight and strategic insight into infrastructure development.

Isaac B. (CFO) is a numbers-focused financial strategist and operations leader who succeeded Radhey as CFO of DHL Angola, bringing strong capabilities in financial control, compliance, and execution.

Simon Kapenda (Founder) is the visionary behind AfrailX™ and ArailX™, and the creator of Africa's fastest-growing business intelligence system and cross-border marketplace, Abbain™ and Abba App™, both transformative digital platforms in Africa. He holds a B.S. in Economics from The Ohio State University, Columbus, Ohio, Class of 2009, where he was a classmate of U.S. Vice President JD Vance. With over 30 years of experience, including 20 years prior to Ohio State, Simon brings unmatched expertise in capital markets, corporate finance, investment strategy, and global operations.

Operating under The U.S. Delaware General Corporation Law (DGCL), Afrail Inc.’s corporate governance is led by a 9-member Board of Directors, including 6 Non-Executive Directors, ensuring independent oversight, transparency, and strategic alignment. The board plays a critical role in upholding fiduciary responsibilities and ensuring compliance with global regulatory standards.

Additionally, Afrail Inc. is advised by a 12-member Global Advisory Board, composed of independent experts across infrastructure, technology, public policy, and capital markets. While this board holds no fiduciary duty, it provides strategic, non-binding guidance to the executive team on expansion, ESG integration, innovation, and long-term market positioning.

Enhanced User Experience & Accessibility
To ensure transparency and streamline investor engagement, AFRX.io is consolidating all key documents and resources into a dedicated "Investor Resources" section. This will include direct access to the AFRX Smart Contract on GitHub, the full White Paper, Private Placement Memorandum (PPM), Dividend Distribution FAQ, and critical legal documents such as the Terms of Service, Privacy Policy, Legal Disclaimer, and Purchase Agreement. A comprehensive Media Kit will also be provided, featuring official branding, token imagery, executive bios, and press-ready materials. This centralized access point will improve user experience, reinforce regulatory compliance, and allow accredited investors and partners to make informed decisions with confidence.

Risk Factor Analysis
As with any investment, AFRX carries inherent risks that investors should carefully evaluate. These include market adoption risk, as the success of AfrailX™ and ArailX™ depends on sustained commuter engagement and regional demand for smart mobility. Regulatory risks may arise from changing securities and digital asset laws across jurisdictions. Operational risks include infrastructure development delays, construction challenges, cost overruns, and potential political or social instability in regions where AfrailX operates, particularly in emerging markets. There are also technological risks, such as smart contract vulnerabilities, cybersecurity threats, or reliance on third-party platforms like Tokeny and Sumsub. While AFRX is designed for compliance, transparency, and resilience, all investors should weigh these risks against the long-term potential of the project.

Committed to ESG
AFRX bridges blockchain with sustainable infrastructure, inclusive job creation, and strong regulatory compliance — delivering measurable Environmental, Social, and Governance (ESG) impact across Africa, the United States, and other global markets.

AFRX Smart Contract
Explore the codebase & documentation: Github Repository.

Call-to-Action
Join us in building the future of tokenized smart mobility around the world — together. Get started — Buy AFRX!

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Email: info@afrx.io

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Risk Disclaimer

The AFRX Security Token is being offered in reliance on exemptions from registration under the U.S. Securities Act of 1933, specifically pursuant to Regulation D, Rule 506(c) for U.S. accredited investors and Regulation S, Rule 902 for non-U.S. investors. These exemptions are administered by the U.S. Securities and Exchange Commission (SEC). Participation is limited to verified eligible investors as defined under applicable securities laws. This website and its contents do not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction where such offer or sale would be unlawful. Investing in digital securities involves significant risks, including loss of capital. Nothing presented herein should be construed as investment, legal, or tax advice. Please consult your professional advisors. For more details, refer to our full Legal Disclaimer.