-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 # # Prepaid Services Gold, psG Issue A. # # Being, a Contract to settle Gold-denominated services. # # Between, Systemics Inc. and Users. # [definitions] # # Look for this hash on the Contract Publication Page, # based on standard.txt with the below hash here: # http://www.webfunds.org/ricardo/contracts/ # include = 56c72cb7b1fe56ccc5b69fb0a7b129544144cbfa definitions_gold = * { Prepaid Services Gold ("psG") means the electronic currency, denominated in Grams of Gold ("GBP"), as facilitated by this Ricardian contract. Other Gold currencies, which may be used as exchange for psG, are referred to as Internet Gold ("IG"). } definitions_units = * { The unit of the psG contract is the milligram, which is defined as having the value of gg 0.001. } definitions_purpose = * { The purpose of psG is to facilitate the payment of services provided by Systemics Inc. } definitions_law = * { The English Common Law, as further refined by the Laws of Anguilla shall apply to this contract, notwithstanding that it may be determined that the contract was entered into in a jurisdiction other than Anguilla and notwithstanding that all or some of the parties may be citizens or residents of another jurisdiction or jurisdictions. All disputes arising out of use of this contract shall be adjudicated in the Anguillan Courts. } [entity] # # Note: In this contract, Systemics Inc. may also be # referred to as "the Issuer" or "Systemics". # entity_shortname = Systemics entity_longname = Systemics Inc. (Nevis) entity_contract_url = http://systemics.com/ricardo/contracts/ entity_contract_notices = * { Notices issued by the Issuer pursuant to this contract, such as changes in contact addresses, will be published and maintained at the Contract Publication Page. No notice is considered valid until notice is so published. } [issue] # # This section identifies general aspects of this contract. # issue_type = currency issue_name = Systemics Pre-paid Services Gold [currency] currency_symbol = gg currency_tla = psG [unit] # # The Unit of Account is the psG. This currency is # denominated in psG, with an underlying unit of # contract of the milligram, which is equal to psG 0.001. # unit_power = 3 unit_major = gg unit_minor = mg unit_major_unit = gram unit_minor_unit = milligram unit_major_units = grams unit_minor_units = milligrams [conditions] # # Whereas, the following terms and conditions apply: # conditions_backing = * { psG is redeemable for services rendered by Systemics. Especially note that unlike other IGs, the psG issue does not maintain any reserves in physical or virtual gold. } conditions_limitation = * { The holding of psG does not entitle the holder to purchase Systemics services. Systemics reserves the right to refuse service to anyone for any reason, or without cause. Systemics may, at its sole discretion, purchase psG from the User in exchange for Internet Gold, minus reasonable and customary fees. } conditions_exchange = * { Third-party Exchange Providers will be appointed to provide exchange services on a competitive and efficient basis. Systemics agrees to sell psG to these third-party Exchange Providers, and agrees to redeem psG for services provided to users by Systemics. } conditions_buyback = * { The Issuer reserves the right to buy back all outstanding psG thereby terminating the use of this instrument and contract, or to provide services settled in psG. Notification of termination shall be made at the Contract Publication Page Web site, and in other such media as the Issuer in his sole discretion shall deem to be appropriate and adequate. Failure by a user to accept and execute the termination within six months of the date of first notice shall allow the Issuer to terminate his obligations under this contract. } conditions_liability = * { Systemics Inc. is liable solely to the extent of performance according to the conditions specified in this contract. psG does not constitute deposits nor borrowings and is not regulated, protected, insured or guaranteed other than by the backing provisions outlined in conditions_backing. } conditions_mint = * { Authorisation to the Operator is hereby included to specially set one Mint account for creation of psG and to make this account publicly viewable. Disbursements from the Mint account are to be made on receipt of duly signed and public authorisation from Systemics Inc. All disbursements from the Mint account are to be made to the single account identified by that authorisation. } conditions_risk = * { Risk Disclosure User acknowledges that use of psG for trading purposes is risky. User acknowledges that no statement can disclose ALL the risk and other significant aspects of trading markets Users should not deal in the markets or hold speculative assets unless they understand the nature of the transactions that they are entering into and the extent of their exposure to risk. THESE RISKS INCLUDE, BUT ARE NOT LIMITED TO: PRICE RISK - Users may lose money on investments in or purchased with psG. No investment strategy works all the time, and Users of psG should expect that there will be extended periods when the price of psG will be below the price paid. FOREIGN EXCHANGE RISK - Users who purchase psG with one currency or asset and sell for another, bear the risk of fluctuations in prices and exchange rates, which can be substantial. MARKET RISK - Prices are volatile. Users who actively buy and sell psG bear this risk. Whilst psG exchange operators might opt to make a market in psG, they are not obligated to do so. POLITICAL RISK - Regulation or deregulation of particular industries can have a material impact on the value of psG. Laws and regulations will change over time and should be interpreted only in light of particular circumstances. To the fullest extent permissible pursuant to applicable law, Systemics disclaims all warranties, express or implied, including but not limited to implied warranties of merchantability and fitness of psG for any particular purpose. Users bear full responsibility for the legality of their holding psG with respect to any regulation, currency control, or other statute. NON-DIVERSIFIED FUND RISK - psG is not a diversified mutual fund and is not reserved. The price of psG is not guaranteed and is not expected to trade or exchange at par with Internet Gold. On any given day, psG might be worth more or less than Internet Gold. } [operator] operator_company = Systemics Inc. # # Systemics Inc. is the initial contracted Operator appointed # by the Issuer. # The role of Operator may be transferred by the Issuer to an # entity that specializes in this function. # operator_email = issue@systemics.com operator_sox_server_name = boulton operator_server_file_url += systemics.com/ricardo/server/boulton operator_server_file_url += webfunds.org/ricardo/server/boulton operator_server_file_url += koalagold.com/ricardo/server/boulton [keys] keys_contract= * { - -----BEGIN PGP PUBLIC KEY BLOCK----- Version: GnuPG v1.4.0 (FreeBSD) mQGiBEILzIERBADTEkohSz0f0hZWtsBpaSJCMqPai+hFKIpL9wNiGKfFrR92dCGs dCbwbzPn1biYFzQxz8Hj/Q/AlLIlVCgf6ED5eiw195RyU7fISxVBsu+GmCbk7AbY CPPIBOMrJtbmZCDD/eb/uMmkRjgQStEMFUmpsR844ZUPLosTW2IkahcfNwCgsFm3 tltYzVM6eis0349pOtsT5lkEALwXK4psLyUY2mMDxBbLZgcMtN62lwQJX58Tp/b8 LjKSvsn66EHFmuYFfls6KQD9dnV/qPbRSgEPGl1sGiLzsx2voAi2CsBjSxUa74Zc nwxgEl2jUclFZkh3Ep7R5EeuYP7E7cfnJgKy7X0wqlq9KoecaT/9iDLk/XMCPdYF skwUBACL8lbSP2kl21V4f4fKbHV5vdp+E0QQbu4TkS8iZmOjUHuxwNs3Os92tkef MFiXWVJAzbBMY4R74/KzaM29rwMQbe00fCLYet92/OMOKymUrQVgxHV993JZvG7B zmXGN4R8Ab1MHvjQvsRBBko39HJ0qoAOfl2FFj+p4JpSTj9CXbQ0U3lzdGVtaWNz IEluYy4gKEMpIFtjb250cmFjdF0gPGlzc3VlckBzeXN0ZW1pY3MuY29tPohbBBMR AgAbBQJCC8yBBgsJCAcDAgMVAgMDFgIBAh4BAheAAAoJENEbELY/ImByLzkAn2co 1i39LqSPRV0UguF4n0Jsl5XAAJ4q2ZOrlxVC5kBuGeChbiJyckHnlohGBBARAgAG BQJCC9FaAAoJEOW+0rqVRw7oYz8An0czJPwx9DMrb9pNtfu1y6t5hZ1dAKDIc5Bn V631Fc1rcp2BkXDJEwGKgw== =gtxy - -----END PGP PUBLIC KEY BLOCK----- } keys_certification= * { - -----BEGIN PGP PUBLIC KEY BLOCK----- Version: GnuPG v1.4.0 (FreeBSD) mQGiBEILzD4RBAClEGHNqZ3O/vOONvthDcy+eCEzRh5nDFbyZRAzkGcBTyEr+kdp Z9aILRqGgx0RC/2P7tsndYOfsccc7XPrM1Ur4C2ccNzROfOwE+7it3N5fzyewfMB FccW5a8M+PV12YtZLyJh3kiQU25Yf2pGAgCrKxCNYXcDwrucTKdVEhyNuwCgysX6 0Io3EoJpIw/KdGpN5L02OdcD/3MWUKRJPL3ZbV0sA8KmVOcdruG1ta2YyCuUl2Ml qpZdYs6eAJ3bnLQMDKnWwk/BA/8ahQ7NoPtuXoiqt5gSlBcZ2BjB8GQh/bu3cKYx Rl8jJYmd4pNWzukXB1M6i8sWKbsAywxpqGaAgtzyeZD88KqG/quA0e5wVj25NYsD f6u0A/9O/Rc+Cv9gJA3O0CH8KYrjYkM9elBMN+/XuaSKy0Fw7bxFneBGVw9Cb0SY g6KuZTdAIGRozgBY+KDWpw120Kn9VCh2T5li53lFYrffjIFvWEdMVBwzb2IaeQth WmK/17V1RmOtsEhnW2gzx2v1HIb24RyzQ0VQpTczYVAdsbuLR7Q5U3lzdGVtaWNz IEluYy4gKEMpIFtjZXJ0aWZpY2F0aW9uXSA8aXNzdWVyQHN5c3RlbWljcy5jb20+ iFsEExECABsFAkILzD4GCwkIBwMCAxUCAwMWAgECHgECF4AACgkQ5b7SupVHDugc fQCggiBiz3t+6zXpIWy+CeIWWv35UTEAoJKcfEQIeMi9iI0oeJT44SpMDPTG =Lo1Z - -----END PGP PUBLIC KEY BLOCK----- } keys_server_certification= * { - -----BEGIN PGP PUBLIC KEY BLOCK----- Version: GnuPG v1.4.0 (FreeBSD) mQGiBDmhGRERBAC9F7VF7ZNcwhffdFS2Sg0AcsF9gdhEEggZmBT1ezM5BYEO4lvN EJjezFilNxMLE3mP9E95mtRUEEtIx4ViyAGjVPwRBVQA2BNf+rbvCReBhhlJTFkN GOSHd65k4mDCflJAn7EX2OpST9tEAhpBs82w4OxlHIxmnav8iyD0O07sHwCgzYJI Xv3TEqERh0eDPEQ80MqGYEkD/Aj12tRhZYhYlVtEmJ4MrET9Ezuyhn8kQv89iBNK u2mN//LK4cqfJos1SJ3qXT16AHQQvfI0AUsI1ZQ+piq9pZ+sUMwpRnoQHM5SKux5 UYcIM9aklW0zYAt+WjyrQBhN0eW0uzF40NVZHIH592dz/1RbNKf0hSDKBeCERTxk /zRDA/9rgvwyclIq4VTgA9AgwHC+JrKwbtJsawb4eYZPSbDe/pl2bQT9haTuLBKs Olz57Er5Vto6DWb1hs8gzb107u7CGYholr/tyjiPRhDvOcVQpZudkCE/1UXpawT/ P4tPUvrBIVNK5SmHVRz6nsJxMxYm6Pr14+t8mgS1jrr/TxFTW7Q+U3lzdGVtaWNz IE9wZW5QR1AgU09YIFtvcGVyYXRvcl0gKGRzczEpIDxzZXJ2ZXJAc3lzdGVtaWNz LmNvbT6IVgQTEQIAFgUCOaEZEQQLCgQDAxUDAgMWAgECF4AACgkQKfOLUygtdArw 3QCeJ8bEfVFS2etPkFus6esJfZ0+2OUAoK4AIIjFB+9CsoEkCn4dJBRTUKen =L806 - -----END PGP PUBLIC KEY BLOCK----- } [signatures] -----BEGIN PGP SIGNATURE----- Version: GnuPG v1.4.0 (FreeBSD) iD8DBQFCC9Kg0RsQtj8iYHIRAoeyAJ4qQa/v4D097+kwvGr1UGSY02pRhwCdHDBy lfAcLDrUW5Kc5x5X/cv72vE= =YsCu -----END PGP SIGNATURE-----