Silver Stream Token (SST) Terms and Conditions of Service Last Updated: November 23, 2022
The legal relations between the Issuer and the holders are governed by the following Terms and Conditions of Service. Therefore, the Issuer highly recommends that any potential holder read the Terms and Conditions of Service carefully. By acquiring the SST, the holder agrees to comply with and accepts these Terms and Conditions of Service; the holder declares that the holder is entitled to purchase SSTs and that there are no grounds for exclusion in his or her person. The Terms and Conditions of Service for the SST are as follows: 1.
Art. 1 Silver Stream Token
1.1.
The Issuer, LODE (Switzerland) AG, Herisu, Switzerland, registered under CHE386.915.113 at the commercial register Appenzell Ausserrhoden, (hereinafter the "Issuer"), issues SSTs based on the resolution of the Issuer’s Board of Directors dated December 15th, 2022. The SST holder is the “holder”.
1.2.
The SST is a yield bearing token that provides a regular yield every 4-8 weeks based on the performance of the LODE (Switzerland) AG ore refining pipeline located in Mexico, hereinafter the “Ore-Silver Cycle” or OSC.
1.3.
Each SST represents an obligation of the Issuer. No security of any kind is, or will at any time be, provided by the Issuer or any other person securing the benefits of the holders. The SST establishes claims (constitutes unsecured obligations) against the Issuer which rank: subordinated to all obligations of the Issuer; subordinated to all subordinated obligations of the Issuer pursuant; pari passu among themselves; subordinated to all subordinated obligations of the Issuer required to be preferred by mandatory provisions of law; and ● subordinated to all subordinated dated obligations of the Issuer, unless such obligations are expressed to rank pari passu with, or junior to, the SST. ● ● ● ●
1.4.
The SST benefits are represented by a SST, which is an ERC-20 Token on the Avalanche (AVAX) Blockchain. Each holder of such a SST is granted access to the