CCJS: In-Ground Commodities & Assets

Application Guidance Capital Conversion of the Juro System.

Standard Money Instruments accepted for conversion into units of a series of juro Digital Money are Commodity-specific and may be one of any of the following:

• Gold
• Silver
• Copper
• Platinum
• Palladium

Monetize your in-ground assets.

Convert to juro Digital Money, get 100% of face value.

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In-ground reserves may be exchanged for these commodity-backed series of juro Digital Money so long as the maximum amount issued is less-than or equal to 3% of the proven reserves (as set forth in Item 102 of Regulation S-K under the Securities Act of 1933 and the Securities Exchange Act of 1934  or convention-country equivalent, where said geological survey and legal opinion thereto are required to be fully legalized). 

Converters of in-ground commodities shall be required to replace said in-ground reserves with physical good-delivery commodities, as per there respective series of the juro Digital Money, for an amount that is not less than 50% of the authorized annual production / extraction of the mine where the reserve is situated. 

Converters have the option to deliver the respective good-delivery bullion directly to the Juro-nominated depository. For non-compliant hallmarks, Doré bars, or other formats, the commodity will be delivered to the Juro-nominated refinery where it will be melted down, refined, and bullion carrying the Juro Hallmark shall be issued in accordance to all other standards of the respective good-delivery parameters. The final weights and amounts of the conversions shall depend on the assay and minting reports of the Juro-nominated refinery.

When using any of the Juro-eligible commodities for conversion into units of a series of juro Digital Money, you will be required to submit the following documents and information with your Juro Conversion Underwriting Application:

• A fully legalized copy of conclusive geological evidence of the commodity, which entails the mineral resource determination and means evidence that is sufficient to establish geological and grade or quality continuity with reasonable certainty. This evidence shall also report the “Cut-off grade”. The Cut-off grade is the grade (i.e., the concentration of metal or mineral in rock) that determines the destination of the material during mining. For purposes of establishing “prospects of economic extraction,” the cut-off grade is the grade that distinguishes material deemed to have no economic value (it will not be mined in underground mining or if mined in surface mining, its destination will be the waste dump) from material deemed to have economic value (its ultimate destination during mining will be a processing facility). Other terms used in similar fashion as cut-off grade include net smelter return, pay limit, and break-even stripping ratio.
  • with Apostille certification (from treaty countries)
  • with Foreign Ministry or Embassy certification (as per jurisdiction arrangements with the USA)
  • with a certified translation into American English (for non-English speaking jurisdictions)
    • A digital submission of said files is acceptable so long as certified translation of the same into American English is provided (for non-English speaking jurisdictions)
• A fully legalized affidavit from the beneficiaries (or their legal representative) that affirms the mine is a “Development stage operation” that is engaged in the preparation of mineral reserves for extraction on at least one material property. Development stage property is a property that has mineral reserves disclosed, pursuant to this subpart, but no material extraction. No “Exploration stage” operators are eligible for Juro Conversions of In-Ground commodities. Also, no “Exploration stage property” is eligible for Juro Conversions of In-Ground commodities. An “Exploration stage property” is a property that has no mineral reserves disclosed.
• A fully legalized affidavit or report from a “qualified person” has determined, using a discounted cash flow analysis, or has otherwise analytically determined, that extraction of the mineral reserve is economically viable under reasonable investment and market assumptions. A “qualified person” is an individual who is: 

1. A mineral industry professional with at least five years of relevant experience in the type of mineralization and type of deposit under consideration and in the specific type of activity that person is undertaking on behalf of the registrant; and
2. An eligible member or licensee in good standing of a recognized professional organization at the time the technical report is prepared. For an organization to be a recognized professional organization, it must:
   • Be either:
     • An organization recognized within the mining industry as a reputable professional association; or
     • A board authorized by U.S. federal, state or foreign statute to regulate professionals in the mining, geoscience or related field which:
       1. Admits eligible members primarily on the basis of their academic qualifications and experience; 
       2. Establishes and requires compliance with professional standards of competence and ethics
       3. Requires or encourages continuing professional development; 
       4. Has and applies disciplinary powers, including the power to suspend or expel a member regardless of where the member practices or resides; and 
       5. Provides a public list of members in good standing. 

NOTE: Investment and market assumptions, when used in the context of mineral reserve determination, includes all assumptions made about the prices, exchange rates, interest and discount rates, sales volumes, and costs that are necessary to determine the economic viability of the mineral reserves. The qualified person must use a price for each commodity that provides a reasonable basis for establishing that the project is economically viable. 

• A fully legalized affidavit from the beneficiaries (or their legal representative) that affirms no legal process or collections activities concerning the commodity assets are pending at the time the application for conversion (exclusivity of the matter).
  • with Apostille certification (from treaty countries)
  • with Foreign Ministry or Embassy certification (as per jurisdiction arrangements with the USA)
  • with a certified translation into American English (for non-English speaking jurisdictions)
• A ledger of all of the beneficiaries (including all contact details and “know your counter-party information”) of the Standard Money Instrument being converted

• A ledger of the pro rata distribution to beneficiaries on the Standard Money Instrument being converted including the Juro Central Network Account(s) to be credited with the juro upon conversion for each of the beneficiaries (Juro Central Network Account is a prerequisite for conversion)
• Juro Organization Membership Confirmation (Member ID Card or Member ID#) of each of the beneficiaries (Juri Membership is a prerequisite for conversion)
• Signed Juro Conversion Application Form 
• The form has provisions that the applicant agrees to irrevocably sell and transfer all rights, claims, property, title, and ownership associated to the respective Standard Money Instrument to the Juro Organization, in accordance to the terms and conditions of the trust deed, in consideration for the nominal amount of juro Digital Money defined in the Juro Conversion Application, upon eligibility of the conversion being approved by the Juro Underwriting assessment following submission of the application.
• Acceptance and undertaking of any ancillary costs associated with registering and transferring ownership of the title and any security interests in the name of the trust estate of the Juro Organization (if any).

CCJS Transaction Limits & Anti-Money-Laundering Matters

There is no maximum value for capital conversions of the Juro System (CCJS). However, any Juro Central Network Accounts, that reach or will reach a deposit amount or cumulative transaction value that exceeds $10,000.00 USD (or currency equivalent) at any time within a calendar year are required to provide a proof of address to be added to their Member of the Juri™ profile and shall provide their tax identification number for their domicile. When Juri Members open an investment account or operate in the United States, if a US tax number exists, it shall also be required when reaching the $10,000 threshold. Alternatively, a US tax number will be procured for reporting purposes.

NOTE

Securitizations of large portfolios of a single-type of SMI can be used to undergo a single Juro Conversion underwriting process for a reduced package fee in lieu of individual applications.