{"text":"NI 43-101 Token Rights Summary\nWhat Rights Does a GOLDN Token Hold?\n1. Primary Right — Secured Collateralization of NI 43-101 Gold\nReserves\nGOLDN Tokens are secured by a first-priority collateral interest in 49,000 ounces of NI 43-101\nIndicated gold reserves from the San Gregorio vein at the Nieves Project in Mexico. This collateral\ninterest is held by Digix Holding Inc. and assigned into a Trust Structure for the sole benefit of GOLDN\nToken holders.\nThis means the Tokens are backed by real, independently verified gold reserves. The reserve-based\ncollateral remains in place throughout the mining and refining process and secures the Token\nholder’s entitlement until refined bullion corresponding to that Token holder’s allocation has been\ndelivered.\nHow the Collateral Works for Token Holders\n• \tToken holders have a pro rata beneficial interest in the reserve collateral through the\nTrust Agreement.\n• \tIf a Token holder has not yet received delivery of its refined bullion allocation, that Token\nholder’s entitlement remains fully secured by the NI 43-101 reserve interest.\n• \tOnce refined bullion totaling 49,000 troy ounces has been delivered for the benefit of the\nToken holders and thereby satisfying in full, all delivery obligations of Digix, the Token\nholders’ rights with respect to the corresponding NI 43-101 reserve-collateral interest shall\nbe deemed fully satisfied and discharged.\n• \tIf any event or circumstance adversely impacts production such that final delivery cannot be\nfully completed, all refined bullion then held in the secure vault will be distributed to Token\nholders on a pro-rata basis, and Digix shall continue to use commercially reasonable best\nefforts to fulfill the remaining delivery obligations.\n• \tRefined bullion is produced by Digix Reyes Mining, a wholly controlled subsidiary that\noperates and controls 6 gold mines, ensuring the supply chain certainty.\n• \tIf anything affects the 43-101 reserve interest before delivery occurs, Digix Holding Inc. is\nobligated to replace the collateral within the timeframe and conditions set out in the Offering\nMemorandum so that Token holders remain fully collateralized.\n\n-- 1 of 3 --\n\n2. Secondary Right — Economic Protection in an Exit Event\n“An Exit Event occurs when the mine owner sells or monetizes the project, the concession, or any\npart of its economic interest.”\nIf an Exit Event occurs prior to the delivery of refined bullion to Token holders, any cash proceeds\nreceived by Digix Holding Inc. that are attributable to the secured NI 43-101 reserve interest (the\n“Exit Proceeds”) shall be used exclusively to procure refined gold bullion for delivery to Token\nholders, up to the quantity of bullion that the Exit Proceeds can reasonably support at the fixed\nforward price of US $1,550 per troy ounce. To the extent the Exit Proceeds are insufficient to procure\nthe full quantity of refined bullion corresponding to the Token holders’ aggregate allocations, Digix\nHolding Inc. shall be obligated to replace the resulting shortfall with an equivalent amount of NI 43-\n101 Indicated mineral reserves of comparable geological confidence and economic value, which shall\nbecome the new collateral securing the Token holders’ remaining undelivered entitlements. The\nprogram shall continue toward bullion delivery based on such Replacement Collateral, and Token\nholders shall remain fully secured throughout the process.\nUnder the Token Trust Structure:\n• \tToken holders have a beneficial right to the value attributable to their portion of the reserve\ninterest.\n• \tIf an event jeopardizes or removes the original reserve collateral, Digix Holding Inc. must\nreplace the collateral in accordance with the Token Holder rights described in the Offering\nMemorandum, ensuring Token holders remain protected.\n• \tReplacement collateral must consist of NI 43-101 Indicated reserves of comparable\ngeological confidence and economic value.\nWhat This Means for Token Holders\n• \tYour primary protection is the secured collateralization of real NI 43-101 Indicated gold\nreserves. Real Gold, Real Reserves, No Speculation\n• \tThis collateral remains active until your bullion has been fully delivered.\n• \tIf the project is sold or monetized early, Digix Holding Inc. is obligated to use any resources\nto procure refined bullion for the benefit of the holders and preplace any collateral\nshortfall.\n• \tDigix Holding Inc. is obligated to maintain collateral coverage — either through the original\nNI 43-101 reserves or by replacing them as required.\n• \tToken holders ultimately receive either:\no \t(A) refined bullion corresponding to their Token allocation\no \t(B) collateral replacement\no \t(C) combination thereof corresponding to their Token allocation\n\n-- 2 of 3 --\n\n3. Corporate, Legal and Tax Structure\nBlocker: Digix Master Series LLC (U.S.)\nIssuer: Digix Holding Inc. (Panama)\nOperations: Digix Reyes Mining (Bolivia)\nToken Holders :\n• \tDo Not Become Shareholders or Partners\n• \tDo Not Take on Mining Operational Risk\n• \tDo Not Receive Business Income or Incur Tax Liability from the Mining Operation.\n• \tHave a secured, enforceable right to future bullion delivery\nIn Short:\nGOLDN Tokens give holders an entitlement to 49,000 oz. of refined bullion and a secured, collateral-\nbacked interest in real gold reserves, with an explicit obligation that Digix Holding Inc. must replace\nthe collateral or any collateral shortfall, if the original reserve interest is affected or monetized —\nEnsuring continuous protection for Token holders under all commercially reasonable outcomes.\nReal Reserves. Real Delivery. Real Protection\n\n-- 3 of 3 --\n\n","numPages":3,"title":"GOLDN Rights Summary","id":"rights-summary"}