1.1 Provider

The contracting party for the use of the infrastructure and the services described in these GTC is, unless expressly stated otherwise in individual cases: Standard in Gold LTD 20-22 Wenlock Road London, England, N1 7GU United Kingdom Company number: 14175220 E-mail: office@standardingold.com Standard in Gold LTD may cooperate with affiliated companies and external service providers, particularly for gold trading, custody, technical infrastructure services, payment processing, KYC/AML checks, and logistics.

1.2 Other Involved Companies

Within the Standard in Gold structure, the following companies in particular may assume operational tasks: Standard in Gold e.U. Stephansplatz 8/20, 1010 Vienna, Austria Company registration number: 562037a Tel: +4314420284 E-mail: office@standardingold.com Tasks: Gold trading, physical custody, custody register, and delivery processes, as operationally designated in each case. Standard in Gold s.r.o. Cimburkova 916/8, 130 00 Prague 3, Czech Republic Company number: 21135371 Tel: +4314420059 E-mail: office@standardingold.com Tasks: Technical infrastructure, infrastructure operation, software, and technical services. Standard in Gold LTD 20-22 Wenlock Road, London, England, N1 7GU, United Kingdom Company number: 14175220 Tasks: Infrastructure, customer communication, contractual processing, and public presentation.

1.3 Scope of Application

These GTC apply to all business relations between the customer and Standard in Gold in connection with: - the purchase of physical investment gold; - the custody of physical gold; - the maintenance and documentation of gold allocations; - buyback and payout; - physical delivery; - the use of the dashboard, apps, wallet displays, and system units such as SOLID, subunits, and STAND. Deviating conditions of the customer shall only apply if Standard in Gold expressly agrees to them in writing.

1.4 Order of Precedence of Documents

Insofar as additional contractual documents, order confirmations, delivery confirmations, register extracts, or specific service descriptions are agreed upon in individual cases, the following order of precedence shall apply in the event of contradictions: 1. individual contractual document or order confirmation; 2. special service description; 3. these GTC; 4. general information on the website, dashboard, or app.

2.1 Customer Account

A customer account is generally required to use the infrastructure. The customer account is used to manage customer data, orders, register displays, buyback and delivery requests, and technical system information. A customer account may generally only be used by the individual for whom it was opened.

2.2 Customer Data

The customer is obliged to provide correct, complete, and up-to-date information upon registration and during the ongoing business relationship. This includes, in particular, name, address, e-mail address, telephone number (if applicable), and data required for KYC/AML checks. Changes to this data must be communicated immediately via the customer account or by e-mail to office@standardingold.com.

2.3 Access Data and Security

The customer is obliged to keep access data safe and protect it from unauthorized access. Any action taken via a customer account after successful authentication may be attributed to the customer, unless there is demonstrably unauthorized access without any fault or contribution on the customer's part.

2.4 Communication

Standard in Gold may communicate with customers via e-mail, the dashboard, the app, post, or other suitable means of communication. Legally relevant declarations may be sent by e-mail, to the extent permitted by law.

3.1 Identity Verification

Due to legal requirements, internal compliance guidelines, and risk assessments, Standard in Gold may require verification of the customer's identity. This applies in particular prior to certain purchases, buybacks, deliveries, or other processes in which authorization must be established. Paybis Poland Sp. z o.o., Hoza 86/210, 00-682 Warsaw, Poland, may be utilized as an external KYC service provider.

3.2 Duty to Cooperate

The customer is obliged to provide all required information and documents in a timely, complete, and truthful manner. Standard in Gold may delay, reject, restrict, or reverse processes if the required verifications cannot be completed.

3.3 Ongoing Monitoring and Suspected Cases

Standard in Gold may continuously monitor the business relationship and transactions in accordance with legal and internal requirements. In the event of suspected money laundering, terrorist financing, sanction violations, fraud, or other unlawful activities, Standard in Gold may block, delay, reject, document, or report transactions to the competent authorities.

4.1 Offers

Offers from Standard in Gold are non-binding unless they are expressly designated as binding. Prices for investment gold may change continuously due to market fluctuations.

4.2 Online Order

In the case of an online order, the customer selects the desired amount of gold or the desired purchase amount in the dashboard or app. By clicking a button such as "order with obligation to pay", "buy", "confirm", or a comparable confirmation, the customer submits a binding offer to conclude the respective contract. The contract is concluded when Standard in Gold accepts or executes the order.

4.3 Availability, Rejection, and Price Commitment

Standard in Gold may reject orders or accept them only in part, in particular in the event of lack of availability, failed verifications, payment issues, or market disruptions. Any price displayed during the ordering process may be strictly limited in time.

5.1 General and Currencies

Payments are processed via external payment service providers. Payments and payouts are generally made in fiat currencies (e.g., EUR, USD, CHF, GBP). Standard in Gold does not process or hold cryptocurrencies as part of the payment process, unless expressly regulated otherwise.

5.2 Receipt of Payment and Action Fee

An allocation of gold only occurs after confirmed receipt of payment, payment of the respective Action Fee (see Section 11), and operational allocation in the custody register. Insofar as administrative steps are required within the infrastructure for a transaction or deposit, the corresponding Action Fee shall apply.

5.3 Default of Payment

In the event of late or incomplete payment, Standard in Gold may cancel orders, delay processes, or claim reasonable costs, to the extent permitted by law.

6.1 Gold Quality

The subject matter of the system is physical investment gold of high purity, in particular fine gold 999 or 999.9, unless otherwise specified in individual cases.

6.2 Price Determination

Prices are based on international gold market prices and may include a markup or markdown. Where specifically indicated, the purchase price may consist of the reference price plus a markup, and the buyback price may consist of the reference price minus a markdown.

6.3 Market Risk

Gold prices are subject to fluctuations. Standard in Gold does not guarantee future prices, price developments, increases in value, or returns. The customer bears the risk of price changes in the gold market.

7.1 Physical Custody and Fee-Free Custody

Unless immediate delivery is agreed, the purchased gold will be kept in secure custody. The custody of the gold is generally free of charge for the customer. The costs of the infrastructure and custody operations are financed by Standard in Gold, in particular, through the applicable Action Fees (see Section 11).

7.2 Custody Register

The custody register is the authoritative operational documentation of the system. It documents, in particular: - the total inventory of physical gold; - the allocation of gold quantities to holders; - operational statuses such as allocated, pending, and unallocated; - the timing and reason for changes; - the history of purchases, transfers, claims, buybacks, deliveries, and corrections. The dashboard, app, wallet displays, CSV exports, and technical system logs are representations. The authoritative operational allocation results exclusively from the custody register.

7.3 Operational Statuses

- allocated: Confirmed allocation to an identified holder. - pending: Temporary operational state, e.g., after initiating a transfer or during a claim/KYC/AML check. - unallocated: Temporary system position without an identified holder or without final allocation. A customer may temporarily have multiple operational statuses simultaneously. Corrections are generally made by documented counter-bookings or new register entries to ensure the history remains fully traceable.

8.1 Purpose and Allocation

SOLID is the allocation unit of the custody register. One SOLID documents the allocation of 0.1 grams of physical gold, provided a corresponding register allocation exists.

8.2 Subunits

- G-DEM documents the allocation of 0.007 grams of physical gold. - G-ATS documents the allocation of 0.001 grams of physical gold.

8.3 No Independent Rights

SOLID and its subunits are not independent products, not cryptocurrencies, not digital money, not investment products, and not independent assets outside of the custody register. They document precisely the legal and operational allocation of the physical gold inventory within the custody register.

9.1 Nature and Purpose

STAND is the digital signature of the infrastructure. Every action and transaction within the infrastructure and the ecosystem strictly requires a STAND signature for authorization, validation, and technical security.

9.2 Technical Function and Planning

STAND simultaneously serves as a technical planning tool for the entire needs of the infrastructure. For each signature generated, a system fee (the so-called Action Fee) is incurred. The amount of STAND required to perform an action is calculated based on current system parameters and resource consumption.

9.3 Economies of Scale and Dynamics

Due to economies of scale, technological optimizations, or load changes within the infrastructure, the amount of STAND units required for a specific action may change over time.

9.4 Disclaimer

STAND is not gold, not money, not a crypto-asset, and not an investment product. No promise of a future market price, tradability, or performance/value appreciation can be derived from the allocation, use, or calculation of STAND units.

10.1 Technical Mirror

Entries in distributed systems, cryptographic protocols, transaction hashes, and data explorers serve technical documentation and the establishment of transparency. They log system events, make timestamps traceably immutable, and provide technical references.

10.2 No Substitute for the Custody Register

The technical documentation (including any blockchain technologies used) does not replace the internal custody register. While technical protocols can represent transfers, they do not necessarily know the identified holder in the system, the actual physical inventory, KYC/AML status, or temporary operational register positions. The legally and operationally binding allocation of physical gold arises and exists exclusively within the custody register.

11.1 Principle of Offsetting

Every action within the infrastructure - including, but not limited to, purchases, buybacks, transfers, delivery requests, and account management changes - requires a valid STAND signature. For providing this signature and using the infrastructure, the customer is charged an Action Fee.

11.2 Fixation in Euro

The Action Fee is fundamentally defined in Euros (EUR). This ensures that the fee structure remains calculable and transparent for the customer in a stable unit of account.

11.3 Calculation of the STAND Quantity

The quantity of STAND units required for the respective action is automatically calculated immediately prior to the execution of the action based on the currently applicable system parameters and is displayed to the customer in the system.

11.4 Economic Background and Value

Since custody operations and the infrastructure for the physical gold are generally provided free of charge (see Section 7.1), the Action Fees fund the technical maintenance, security architecture, and ongoing administrative costs of the entire ecosystem. Adjusting the required STAND quantities ensures that the system can react flexibly to actual infrastructure demands. Since the fee is defined in Euros, the variable quantity of STAND per action does not constitute any statement regarding an independent market price or value appreciation of STAND.

12.1 Technical Transfers

SOLID, subunits, or STAND can be transferred technically within the system, provided this function is enabled. Every transfer requires a valid STAND signature as well as the payment of the currently applicable Action Fee. Standard in Gold does not operate an exchange, an order book, or a matching engine for SOLID or STAND.

12.2 The Wallet as a Deposit Agreement Number

The digital wallet provided by Standard in Gold simultaneously serves, in a legal and operational sense, as the customer's personal deposit agreement number (Lagervertragsnummer). It uniquely links the digital identity of the user with their documented claim to physical gold in the custody register.

12.3 Effect for the Sender and Register Processing

When a customer transfers SOLID, their visible balance in the wallet (deposit agreement number) is reduced immediately. Internally, the custody register initially records the transaction as a pending position. A final new allocation to a recipient only occurs once the recipient has been fully identified, has successfully passed all required KYC/AML verifications, and the necessary STAND signatures are provided. Unclaimed or blocked positions are held as an unallocated system position. A technical transfer does not automatically effect a final legal allocation of the physical gold without the corresponding register entry.

13.1 Buyback Process

Customers may sell gold back to Standard in Gold within the scope of the available functions. In a buyback, physical gold is sold; the debited SOLID units merely documented the allocation that existed up to that point. The corresponding Action Fee applies to the buyback process.

13.2 Verification and Payout

Prior to executing a buyback, the register allocation, identity, KYC/AML status, and technical plausibility are verified. Payouts are generally made in fiat currencies via external payment service providers. Any currency conversion is performed exclusively by the payment service provider.

14.1 Requirements and Units

Customers may request physical delivery of gold, provided that the required quantity, a standard market denomination (e.g., fine ounces or bars), identity verification, and operational requirements are met. Smaller register allocations may have to be aggregated into a deliverable standard unit prior to delivery.

14.2 Costs, Fees, and Passing of Risk

An Action Fee applies to the administrative processing of the delivery. In addition, shipping, insurance, packaging, customs, and tax costs will be charged to the customer, unless they are expressly declared as included. The risk passes to the customer in accordance with the applicable statutory provisions. The customer is obliged to accept properly announced deliveries.

15.1 Account Suspension

Standard in Gold may suspend access to the customer account (and thus access to the wallet/deposit agreement number) for cause. Cause exists, in particular, in the event of suspected abuse, unauthorized access, significant security risks, regulatory obstacles, or compliance concerns.

15.2 Termination

Customers may terminate their customer account at any time, provided there are no open transactions, gold inventories, register positions, pending verifications, buybacks, or other obligations. Standard in Gold may terminate the customer account for cause or in compliance with statutory and contractual provisions.

15.3 Legal Succession

In the event of the death, legal succession, or loss of legal capacity of a customer, Standard in Gold shall only provide information and perform actions to and for demonstrably authorized persons (e.g., upon presentation of a certificate of inheritance, powers of attorney, or court orders).

16.1 Limitation of Liability

Standard in Gold is liable in accordance with statutory provisions. To the extent permitted by law, liability for slight negligence is excluded or limited, except in the case of personal injury, mandatory statutory liability, or breach of material contractual obligations.

16.2 No Investment Advice

Standard in Gold does not provide investment, tax, or legal advice. Information about gold, prices, or system characteristics does not constitute a recommendation to buy, sell, or hold assets.

16.3 Technical Availability

Standard in Gold strives to maintain reasonable availability of the digital infrastructure. Necessary maintenance work, updates, technical disruptions, or events outside of Standard in Gold's control may lead to temporary interruptions.

17.1 Market-Dependent Goods

Physical gold is a commodity whose price depends on fluctuations in the financial and precious metal markets over which the provider has no control. To the extent permitted by law, there is therefore no right of revocation or withdrawal after the conclusion of a binding purchase or sale.

17.2 Statutory Rights

Mandatory statutory consumer rights remain unaffected. Insofar as a right of revocation is mandatory by law for certain sub-areas, Standard in Gold will inform the customer separately and in accordance with the applicable legal provisions.

18.1 Data Processing

Standard in Gold processes personal data in accordance with applicable data protection regulations. Details are set out in the current privacy policy available within the infrastructure.

18.2 Statutory Retention Periods

Certain data, in particular contract, register, payment, KYC/AML, and compliance data, must be retained for legally specified periods due to statutory obligations (e.g., for money laundering prevention or tax regulations).