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Host SavoieSwitzerlandRepurchase 10% a year, 2 yrsEdinburgh Supplies LTDSouth KoreaRepurchase 10% a year, 5 yrsSnow BrokerJapanRepurchase 10% a year, 3 yrsLyfeindex LimitedBelgiumRepurchase 5% a year, 10 yrsBullion RumTanzaniaRepurchase 5% a year, 10 yrsMUTEJapanRepurchase 10% a year, 5 yrsBenito'sJapanRepurchase 5% a year, 10 yrsAnnard LtdUnited StatesRepurchase 5% a year, 5 yrsKEMA Storköksförsäljning ABChinaRepurchase 10% a year, 5 yrsTruth Treatment SystemsBrazilRepurchase 5% a year, 10 yrsRicher EducationKuwaitRepurchase 50% a year, 2 yrsBelle CoachworksAustraliaRepurchase 5% a year, 7 yrsArconoQatarRepurchase 8% a year, 5 yrsK-FabQatarRepurchase 10% a year, 5 yrsNoordungQatarRepurchase 15% a year, 3 yrsMobo EatsNetherlandsRepurchase 10% a year, 3 yrsEngingNepalRepurchase 10% a year, 3 yrsRabosaUnited Kingdom, EnglandRepurchase 10% a year, 3 yrsShocklogicBahrainRepurchase 50% a year, 2 yrsStagefrights Murder MysteriesChinaRepurchase 15% a year, 3 yrsThe Mortgage Advice ClubQatarNo repurchase optionAdventura GlobalBrazilRepurchase 5% a year, 5 yrsShapeaccelerator BVChinaRepurchase 10% a year, 3 yrsIndoor Vertical.FarmQatarRepurchase 10% a year, 3 yrsCrowd CookwareBahrainRepurchase 10% a year, 3 yrsLandskapetGermanyRepurchase 10% a year, 3 yrsGreenolaOmanRepurchase 10% a year, 3 yrsCaravans In The SunGermanyRepurchase 10% a year, 3 yrs

EdenMountainInvestors

Invest in Enterprise Non-Operating Rights

Each ENOR covers one brand in one territory. While you hold it, the brand can enter that territory only by repurchasing the ENOR under its listed option or by reaching terms with you.

Request investor access View market activity
ENOR Holder CertificateSpecimen
Originator
KEMA Storköksförsäljning AB
Territory
Saudi Arabia
First sold
August 2, 2024
Relisted by its holder
April 27, 2026
Repurchase option
9% a year, 10 years
Next holder
Your name
Swedish maker of stainless steel equipment for professional kitchensRelisted

What you own when you buy an ENOR

A licensed, transferable non-operating right to one brand's intellectual property in one territory, recorded in your name on the ENOR Holder Certificate.

You do not own the brand, its shares or its intellectual property, and you cannot open the business in the territory on your own. The brand gives up the territory in the same sale: once the ENOR is sold, it cannot operate there alone either. Your position sits between the brand and that market.

Who can do what after a sale

How a holding can end

There is no fixed maturity and no promised return. A holding usually ends in one of three ways, and each listing shows which routes it offers before you buy.

  1. AThe brand repurchases it

    If the listing carries a repurchase option, the brand may buy the ENOR back within the validity period for the price you paid grown at the listed annual rate. The brand also pays the exchange's 10% fee. At 10% a year, the repurchase price in year three is 1.331 times the price paid, before the fee.

  2. BYou agree terms with the brand

    If the brand wants the territory and no option applies, or you prefer to negotiate, the two of you can settle a buyback price or a way to operate the territory together. Listings say whether a brand is seeking operating partners.

  3. CYou resell it on the exchange

    You can relist an ENOR at any time and sell it to another verified buyer at your own price. 10 holders have already done so.

  4. DYou keep holding it

    Nothing forces a sale. An ENOR remains yours, recorded on its certificate, until you sell it or the brand exercises a repurchase option attached to it.

Offered by their holders now

The full secondary market
Relisted April 28, 2026COLIVE · Saudi ArabiaServices · no repurchase optionFirst sold June 19, 2025
Relisted April 27, 2026KEMA Storköksförsäljning AB · Saudi ArabiaManufacturing · repurchase 9% a year, 10 yrsFirst sold August 2, 2024
Relisted April 27, 2026Belle Coachworks · Saudi ArabiaProfessional services · no repurchase optionFirst sold September 13, 2024

Buying on the exchange

You browse anonymously. A brand sees who you are only if you share your profile, offer below the listed price, or complete the purchase.

  1. Get verified

    Confirm you are an accredited investor and pass identity, sanctions and anti-money-laundering checks run by a third-party provider.

  2. Research listings

    Read the business profile in full, from operations and team to intellectual property, financials and legal standing.

  3. Buy or offer

    Pay the listed price at checkout, or set your own amount and keep the offer open for 3 to 30 days. You can change or withdraw it until the brand responds.

  4. Pay securely

    Payments run through regulated third-party payment services under the standard Transfer Agreement.

  5. Receive the certificate

    The ENOR Holder Certificate moves into your name, and you can relist the ENOR whenever you choose.

What the exchange checks, and what you check

The exchange verifies

  • Every seller's identity, through a third-party verification provider
  • Sanctions and anti-money-laundering screening of the seller and the seller's company
  • Authority: that the seller can act for the company
  • Accuracy afterward: misdescribed listings come down, and misdescription breaches the seller's agreement

You are responsible for

  • Due diligence on the business and the listing before you buy or offer
  • Checking financials against company registries; listings link to them where available
  • Your own advice on tax, law and securities rules where you live
  • Deciding what a territory is worth to you, including the case where nobody buys it from you later

Risks to weigh before you buy

  • A new asset classENORs have traded since July 2024, so there is little price history to judge them by.
  • LiquidityA resale needs another buyer. There may be none at the price you want, or at all.
  • Repurchase is optionalA repurchase option belongs to the brand and may never be used.
  • Brand riskA brand can stall, change course or close, which can lower what its ENORs are worth.
  • Listing contentBrands write their own listings. The exchange verifies who sellers are; it does not check what their listings say.
  • RegulationThe exchange does not guarantee compliance with securities laws in your jurisdiction.

Investor questions

Do I need to be an accredited investor?

Yes. You confirm that you are accredited under the rules where you live, and the exchange verifies you before you can see prices, make offers or buy.

Will the brand know who I am?

Only if you share your profile with an offer, offer below the listed price, complete a purchase or relist the ENOR. Brands that accept offers only see the profile that comes with each offer.

What does the exchange charge investors?

Registering, browsing and buying carry no exchange fee. The seller pays a transaction fee when a sale completes, so you pay one only when you sell an ENOR you hold.

How do I sell an ENOR I hold?

Relist it on the exchange at a price you set. Other verified investors can buy at that price or make offers, and the certificate moves to the new holder when the sale completes.

Request investor access

Registration is free. Verification comes first, then access to prices, full listings, offers and checkout.

Invest in ENORsFor accredited investors
List your ENORsFor brands with territories they do not operate in