1. INTRODUCTION & PRIVATE JURISDICTION

1.1 Agreement and Jurisdiction

This Sovran Physical Silver Contribution and Redemption Subscription Agreement (the "Agreement") is entered into and effective as of the date of the electronic acknowledgment and acceptance by the Contributor (the "Effective Date"). This Agreement is between the undersigned sovereign natural person or private Member ("Contributor," "Member," or "you") and the Sovran Private Society ("Sovran," "Society," or "we"), a self-governing private society operating exclusively under the Indigenous Jurisdiction of the Sovran Private Society and the Anishinabe Nation of The Great Turtle Island, and governed by the Articles of Association, the Terms of Use, the Privacy Policy, and the supreme adjudicatory authority of the Court of the People.

This Agreement exclusively governs the terms, conditions, and private obligations under which Sovran provides access to Sovran Physical Silver Stablecoins ("SPS") and related Sovran physical silver redemption distributions ("Silver") strictly within Sovran's closed-loop, private economic system under the Society’s Indigenous and private contract jurisdiction.

1.2 Affirmation of Private Standing

By entering into and electronically executing this Agreement, the Contributor expressly affirms and declares their sovereign standing as Stans Ut Sui Juris, operating entirely in their private, sovereign, natural, and non-statutory capacity. The Contributor irrevocably consents to the exclusive jurisdictional, economic, and legal framework of Sovran Private Society and expressly waives any and all claims to external authority, jurisdiction, or enforcement, including but not limited to:

• National or international courts and regulatory agencies;
• Public financial institutions;
• External statutory or legislative frameworks;
• Public securities, investment, or taxation enforcement authorities.

The Contributor further acknowledges that this Agreement shall not constitute an investment contract, security instrument, or regulated financial agreement under any public jurisdiction, and expressly consents that it shall be interpreted, enforced, and adjudicated exclusively under Sovran’s private jurisdictional framework and Court of the People.

1.3 Scope of Agreement

This Agreement sets forth the terms and conditions under which the Contributor may voluntarily participate in Sovran's private capital contribution initiative, specifically designed for the development and refinement of physical silver reserves into investment-grade Silver and issuance thereof in the form of SPS.

This offering is conducted exclusively within the Society’s internal economic ecosystem and is expressly not intended for public distribution, speculation, resale, or external market trading. The Contributor acknowledges that participation herein is voluntary and solely governed by Sovran’s internal governance and adjudicatory procedures.

Assay & Audit Disclosure. Sovran maintains above ground ore inventory containing silver and other minerals and relies on independent third party assay and audit processes; summary results are posted on Sovran’s private website(s) and may be updated from time to time. Nothing herein creates a right to immediate in kind delivery from such ore; optional physical delivery, if any, is governed exclusively by this Agreement and Sovran’s internal programs under the Articles of Association and the Court of the People.

For the avoidance of doubt, the Member acknowledges that ore processing and any optional physical delivery may require substantial specialized funding and facility readiness, and may therefore be deferred for an extended or indeterminate period until the Processing Preconditions are satisfied.

1.4 Supremacy of Articles of Association and Related Agreements

The Contributor explicitly acknowledges that this Agreement is supplementary to and governed by the foundational legal instruments of Sovran Private Society, including but not limited to:

• Sovran Articles of Association;
• Sovran Gold Stablecoin (SAU) Purchase Agreement;
• Sovran Silver Stablecoin (SAG) Purchase Agreement;
• Sovran Access Unit (SVN) Purchase Agreement;
• Sovran Private Society Membership Agreement;
• Sovran Private Society Terms of Use;
• Sovran Private Society Privacy Policy;
• Sovran Private Society Jurisdictional Declaration.

In the event of a conflict between the provisions of this Agreement and the aforementioned documents, Sovran’s internal governance documents, judicial interpretations, and the rulings of the Court of the People shall at all times prevail.

1.5 Consent to Internal Governance and Adjudication

By executing this Agreement, the Contributor confirms that they have thoroughly reviewed, comprehended, and consented to:

• The Sovran Private Society Articles of Association;
• Sovran’s economic protocols and related financial frameworks;
• Sovran’s Court of the People as the exclusive forum for dispute resolution, adjudication, and enforcement of this Agreement;
• Sovran’s private definitions, proprietary terms, and classifications, specifically as they pertain to SPS and associated Silver redemptions.

The Contributor expressly consents and agrees that all legal interpretation, adjudication, and remedies concerning this Agreement shall originate and conclude solely within Sovran’s internal judicial processes.

2. DEFINITIONS AND STRUCTURE OF CONTRIBUTION

2.1 DEFINITIONS

For the purposes of this Agreement, the following terms shall have the meanings set forth herein below. All defined terms operate exclusively within Sovran’s private jurisdiction and may differ substantially from definitions under public legal, statutory, or financial frameworks:

• Sovran Private Society ("Sovran" or "Society"): A private, autonomous, self-governing society established exclusively under the Indigenous Jurisdiction of the Anishinabe Nation of The Great Turtle Island and operating under private contract law.
• Court of the People: The Society’s exclusive internal adjudicatory forum responsible for interpreting, enforcing, and resolving disputes under this Agreement and related internal contracts.
• Member or Contributor: A verified Member of the Sovran Private Society, operating as a sovereign, sui juris individual, voluntarily subscribing to this private contribution offering.
• Sovran Silver Stablecoin ("SAG"): A private, internal, non-publicly tradable stablecoin, exclusively issued by Sovran, backed entirely by verified physical silver reserves. SPS represents an entitlement to internal redemption of physical silver and is not a security, investment, commodity, or regulated financial instrument under external jurisdictions.
• Sovran Physical Silver Redemption ("SPS"): The optional private delivery of physical silver corresponding to SPS holdings, deliverable upon private request and under Sovran’s specific internal delivery protocols. All initial contributions and reward allocations are delivered first as SPS.
• Contribution: The automatic crediting of SPS to a Member pursuant to the Gain Allocation Mechanism when the Member’s SAU lot(s) have notional value above their principal cap (RQ × ORP), recorded on Sovran’s internal ledgers, with eligibility for optional physical silver redemption.
• SVN Access Units: Structured digital units issued separately within Sovran’s private financial ecosystem for internal system participation, access, and potential earnings, obtainable by formal request under separate agreement.
• Private Jurisdiction: The exclusive private legal and economic domain of Sovran Private Society, wherein the Contributor expressly agrees to remain bound exclusively for all purposes, remedies, and dispute resolutions related to this Agreement.
• Sovran Gold Stablecoin ("SAU"): A private, venue-bound unit of account issued by Sovran. SAU is economically backed by Sovran’s pooled physical gold reserves and eligible gold-bearing inventory under Sovran’s Reserve Policy Target, which references SRGV (the Society Reference Gold Value) to guide aggregate coverage; this policy is a governance target only and not a guarantee, peg, bailment, trust, custodial relationship, or redemption obligation, and it confers no direct or pro rata property interest in any reserve asset. SAU is not a public currency, security, commodity, swap, or other financial instrument under external law and creates no right to immediate physical gold; any optional in-kind delivery is available only under the Sovran Physical Silver (SPS) Agreement. Appreciation (if any) of a lot relative to its ORP is credited exclusively as SPS via the Gain Allocation Mechanism and does not increase SAU principal.
• Society Reference Silver Value (“SRSV”): The per gram silver reference rate derived from one or more independent third party public price feeds designated by the Sovran Pricing Committee (the “Reference Feeds”), measured at each Valuation Date/Time. Unless otherwise posted, SRSV equals the volume weighted mid rate for one (1) gram of Ag derived from the Reference Feeds, expressed in Sovran’s internal unit of account and, where applicable, converted for display using Sovran’s then applicable FX and/or digital asset reference rates. If the Reference Feeds are unavailable, manifestly erroneous, or inconsistent beyond a posted tolerance, the Sovran Pricing Committee may, acting in good faith, (i) designate a temporary fallback feed or (ii) apply a transparent, narrowly tailored corrective methodology solely to address the disruption. Any such determination shall be recorded in Sovran’s internal logs and made available to Members upon request. The Committee shall not otherwise override the Reference Feeds.
• Sovran Pricing Committee: The committee or designee appointed by Sovran to determine SRSV and perform calculations described herein.
• Valuation Date/Time: The time(s) set by Sovran for SRSV determinations and related calculations, as published in Member notices.
• Principal SAU Amount: The meaning given in the Sovran Stablecoin Purchase Agreement (SAU Agreement) and is incorporated herein by reference.
• Gain Allocation Mechanism: The process under which appreciation associated with a Member’s SAU position, if and when determined, is credited exclusively in SPS and not in SAU, as further described in the SAU Agreement.
• SPS Allocation: The issuance/credit of SPS to the Member pursuant to the Gain Allocation Mechanism.
• SVN Allocation: The discretionary, non-guaranteed delivery of SVN to a Member pursuant to the SPS Allocation Policy set forth herein.
• ORP (Original Redemption Price): The fixed baseline value per unit of SAU as specified in the SAU Agreement.
• RQ (Redemption Quantity): The unit quantity associated with a given SAU lot, used in calculations involving SRSV and SPS allocation.
• Processing Funding Threshold (“PFT”): The minimum capital and/or committed resources that Sovran, in its discretion, designates and posts from time to time as necessary to commence ore processing and related logistics for optional physical delivery.
• Program Notice: A private notice issued by Sovran through official channels describing the parameters of an internal program, which may include eligibility, caps, fees, lockups, risk controls, logistics, timelines, and other operational terms.
• Processing Commencement Notice (“PCN”): A Program Notice by which Sovran confirms that the Processing Preconditions are satisfied and that an Active Processing Window has commenced, together with any additional parameters for scheduling and fulfillment.
• Active Processing Window: The time period posted by Sovran in a PCN during which Sovran accepts and schedules Member requests for optional physical delivery corresponding to SPS balances.
• Rare‑Earth Preservation Principle (“RERP”): Sovran’s internal policy that ore processing shall not be undertaken in any manner that, in Sovran’s good‑faith judgment, would materially impair the economic value of rare earths or other non‑silver minerals contained in the ore.

2.2 STRUCTURE OF CONTRIBUTION

2.2.1 Minimum and Maximum Contribution

There shall be no minimum contribution requirement established herein. Sovran reserves the absolute and exclusive right to accept, reject, or limit any contribution request at its sole discretion.

2.2.2 Contribution Method; Exclusive Use of SAU; SPS Purchase Program.

• (i) Gain Allocation Mechanism (standard): SPS is credited exclusively via the Gain Allocation Mechanism when, on a Valuation Date/Time, the notional value of one or more SAU lots—measured against SRSV—exceeds the applicable lot’s principal cap (RQ × ORP). In such case, Sovran issues SPS equal to the excess and records the credit on Sovran’s internal ledgers.
• (ii) SPS Purchase Program (optional): From time to time Sovran may authorize a member‑elected SAG→SPS conversion program (the “SPS Purchase Program”) under which a Member may voluntarily convert all or part of SAG principal into SPS, thereby freezing the converted amount from transactional use. Participation requires Sovran’s prior written approval and is subject to posted program terms (including eligibility, caps, lockups, pricing, and fees). No external fiat or external cryptocurrency acquisition of SPS is permitted under this Agreement. Any conversions and resulting SPS credits are recorded on Sovran’s internal ledgers.

2.2.3 SPS Allocation

Sovran shall allocate and credit SPS to the Member’s Sovran account as and when determined under this Agreement, including credits via the Gain Allocation Mechanism and, if authorized, via the SPS Purchase Program. Optional physical delivery, where available, is addressed in Section 2.3 and Sections 4.1 and 4.2. Nothing in this subsection guarantees issuance of SPS in an amount equal to any contribution of funds or assets.

2.2.4 SVN Bonus on SPS Acquisition (Discretionary; Not Interest)

To encourage long term alignment and support ore processing, Sovran may, in its sole discretion, deliver to the Member a bonus in SVN equal to twenty percent (20%) of the SPS amount credited to the Member per acquisition event (including credits via the SPS Purchase Program or via the Gain Allocation Mechanism), measured at the time of SPS credit using Sovran’s internal reference rates.

• Any SVN so delivered (i) is not interest, a return, or a debt obligation;
• (ii) is discretionary and not guaranteed;
• (iii) may be subject to lockups, vesting, or other internal restrictions posted by Sovran.

Sovran may increase, decrease, suspend, or discontinue this bonus at any time. SVN is delivered, if at all, as a discretionary internal program incentive and not as interest, yield, or a debt obligation.

2.2.5 Discretionary Right of Conversion from SPS to SAG

Sovran may, in its discretion, convert all or any portion of a Member’s SPS into SAG only for risk control, ledger integrity, consolidation, or similar internal purposes. Sovran shall provide confidential notice of any such conversion through official internal channels and shall credit the Member’s account accordingly.

• Any conversion does not create a right to physical delivery with respect to the converted amount;
• Any conversion does not alter prior SPS Allocations, if any.

2.2.6 Prohibition of Fiat Currency and External Crypto Transactions

For the avoidance of doubt, Contributors shall not use external fiat currencies, external cryptocurrencies, third‑party financial platforms, or external exchanges to directly or indirectly acquire SPS under this Agreement. Sovran explicitly reserves the right to refuse, reject, or invalidate any attempted contribution or transaction involving prohibited external instruments or methods, and may, at its sole discretion, enforce such prohibition through internal disciplinary procedures, suspension of membership privileges, or any other internal remedies determined appropriate by the Court of the People.

2.2.7 SAG Appreciation Credited as SPS

Appreciation associated with a Member’s SAG position, if and when determined under the Gain Allocation Mechanism using SRSV, shall be credited exclusively in SPS via SPS Allocation and shall not increase the Member’s SAU balance. If no appreciation is determined on a Valuation Date/Time, no SPS Allocation occurs.

For the avoidance of doubt, shortfalls reduce the Member’s SAG principal for the affected lot(s) in proportion to SRSV pursuant to the SAG Agreement (i.e., principal tracks down to RQ × SRSV but never exceeds RQ × ORP). For clarity, SAU principal never increases above RQ × ORP; appreciation, if any, is credited only as SPS.

2.3 DELIVERY PROGRAM; PROCESSING PRECONDITIONS; RARE EARTH PRESERVATION; TIMELINE

(a) Processing Preconditions. Optional physical delivery corresponding to SPS balances shall occur, if at all, only after Sovran determines, in its discretion, that all of the following Processing Preconditions are satisfied:

• (i) PFT reached and internally allocated for processing and logistics;
• (ii) engagement (which may be by agreement in principle or definitive agreement) of a qualified specialized processor employing methodologies reasonably designed to preserve rare earth and other non‑silver mineral value;
• (iii) logistics, inventory, insurance, and private courier security readiness;
• (iv) completion of Sovran’s internal approvals, risk controls, and operational preparations under the Articles of Association and the Court of the People.

(b) Commencement; Windows; Program Notices. Upon satisfaction of the Processing Preconditions, Sovran may issue a Processing Commencement Notice (PCN) opening an Active Processing Window. The PCN will specify procedures for submitting and scheduling optional physical delivery requests, together with any eligibility criteria, caps, fees, lockups, delivery forms, and other program terms. Sovran may modify, extend, suspend, or close any Active Processing Window by issuing a subsequent Program Notice.

(c) Rare Earth Preservation. Consistent with the RERP, Sovran may defer, alter, or decline any extraction or processing approach that, in its good faith judgment, would materially impair the economic value of rare earths or other non silver minerals contained in the ore.

(d) Timing; No Time of the Essence. Any dates, windows, targets, or schedules that Sovran may post are estimates only and provided on a best efforts basis. Time is not of the essence. Sovran may defer or reschedule processing in its reasonable discretion, including where market conditions, funding availability, logistics, facility access, or the RERP so require.

(e) Suspension; Deferral. If, at any time, one or more Processing Preconditions ceases to be satisfied, Sovran may suspend or defer processing and fulfillment (including an Active Processing Window) without liability, by issuing a Program Notice.

(f) No Damages for Delay; Private Remedies. The Member acknowledges and agrees that:

• (i) no damages, refunds, rescission, or specific performance shall be available on account of any delay, deferral, suspension, or modification of the delivery program;
• (ii) remedies (if any) are limited to Sovran’s private processes and notices under the Articles of Association and the Court of the People.

2.4 Optional Allocation into SVN Access Units

The Contributor may, upon formal written request and subject to Sovran’s express prior written approval, elect to convert or allocate any portion of their SPS balance or associated Silver redemption value into SVN Access Units. Such conversion or allocation shall be subject to and contingent upon the following conditions:

• Execution and acceptance of the SVN Access Unit Purchase Agreement;
• Verification and acceptance by Sovran, at its sole discretion, of the Contributor’s request for reallocation;
• Internal phase pricing structure and contribution eligibility guidelines as established by Sovran.

No automatic, default, or implicit conversion into SVN Access Units shall occur without the Contributor’s explicit formal written request and subsequent formal written approval by Sovran.

2.5 EXCLUSIONS, RESTRICTIONS, AND LIMITATIONS

2.5.1 Legacy and New SAU Permitted; SVN Access Units Prohibited

The Contributor explicitly acknowledges and agrees that existing or legacy Sovran Gold Stablecoin ("SAU") balances previously acquired or currently held by the Contributor from prior Member transactions, agreements, or accounts, as well as newly acquired SAU, are expressly permitted and may be utilized as contributions toward this Sovran Physical Silver (SPS) offering, provided such SAU holdings are duly verified by Sovran and remain compliant with Sovran's internal protocols.

The Contributor further explicitly acknowledges and agrees that any and all existing SVN Access Units currently held are strictly prohibited and shall not qualify for use, conversion, or allocation toward this SPS contribution.

Sovran reserves the absolute and exclusive authority and discretion to verify, validate, accept, limit, or reject the utilization of any legacy or newly acquired SAU balances in accordance with Sovran's internal verification procedures, governance standards, and discretion, without external justification or recourse available to the Contributor.

2.5.2 Public Currency or External Acquisition

Direct fiat currency purchases or external cryptocurrency exchanges executed on public, external, or non-Sovran-approved platforms shall be explicitly prohibited. All Contribution amounts must exclusively enter Sovran’s internal, private financial system through specifically authorized internal channels and processes.

2.5.3 Third-Party Contributions and Assignments

All contributions and associated SPS allocations must originate exclusively from verified Sovran Members. Contributions from third-party sources, intermediaries, or unauthorized entities are expressly prohibited unless explicitly authorized by Sovran in formal writing.

3. RIGHTS, RESTRICTIONS, AND DISCLAIMERS

3.1 No Investment Contract or Security Instrument

The Contributor explicitly acknowledges, understands, and irrevocably agrees that this Agreement shall not under any circumstances constitute, imply, or represent:

• An investment contract, security, debt instrument, or speculative financial arrangement under external public or statutory laws;
• Any publicly regulated or externally supervised financial instrument, currency, commodity, derivative, or market-tradable asset.

The Contributor’s participation in this private contribution offering remains strictly voluntary and is solely governed, adjudicated, and enforceable under the private contract laws, internal governance structures, and exclusive jurisdiction of Sovran Private Society.

3.2 Restriction Against External Trading or Speculation

The Contributor expressly agrees and covenants that they shall at no time attempt, initiate, facilitate, or participate in the external sale, transfer, listing, or speculative trading of SPS or Silver redemptions outside the private jurisdiction and internal closed-loop economic system of Sovran. Any such attempt or participation shall constitute a material breach of this Agreement, resulting in immediate suspension, revocation, or termination of associated benefits, rights, or entitlements.

3.3 Comprehensive Risk Disclosure

The Contributor fully acknowledges, comprehends, and voluntarily assumes all inherent risks and uncertainties associated with participation in this Agreement, including but not limited to:

• Potential operational, logistical, or technical delays in physical silver refinement or SPS issuance;
• Risks related to secure transport, storage, and delivery of physical silver;
• Risks inherent to blockchain technology, digital asset custody, and cybersecurity.

3.4 Finality and Irrevocability of Contributions

All Contributions submitted under this Agreement are expressly final, irrevocable, and non-refundable once accepted and posted to Sovran’s ledgers. The Contributor expressly waives any and all rights to reversal, withdrawal, refund, or cancellation under any external legal, regulatory, or statutory authority.

3.5 Confidentiality and Non-Disclosure

The Contributor expressly agrees to maintain absolute confidentiality and non-disclosure regarding all terms, conditions, and related internal processes of this Agreement. Any breach of confidentiality obligations herein shall result in immediate suspension or revocation of Contributor rights and entitlements and may result in internal enforcement action under the Court of the People. Confidentiality obligations do not restrict disclosures required by Sovran Law, Program Notices, or de-identified/aggregated operational reporting.

3.6 Waiver of External Jurisdiction and Remedies

By entering into this Agreement, the Contributor irrevocably waives and forfeits any and all claims, rights, or remedies available under any external jurisdiction, public court, regulatory authority, or statutory framework. The Contributor explicitly consents to exclusive adjudication and remedy solely within Sovran’s Court of the People.

3.7 Drawdowns; No Negative SPS; Interaction with SAG

SPS is variable and may decrease with changes in SRSV. At all times, the Member’s SPS balance is floored at zero:

• (a) If a calculation on any Valuation Date/Time would produce a negative SPS value, such value shall be deemed zero for all purposes and no debit or negative balance shall be created;
• (b) No recourse shall be had to the Member’s SAG to “satisfy” an SPS shortfall;
• (c) No margin call or repayment obligation shall arise with respect to SPS.

The foregoing does not alter the mechanical tracking of each SAG lot’s Principal SAG Amount to SRSV as provided in the SAG Agreement; when SRSV declines below ORP, SAG principal may decrease accordingly even if SPS has been reduced to zero.

3.8 Venue-Only Transfers; No External Markets

SPS may be held, transferred, or encumbered only on Sovran-designated systems within the Private Venue, subject to allowlists, freezes, velocity limits, fees, and other Program Rules. Any listing, quoting, brokering, swapping, escrow, custodial rehypothecation, wrapping, bridging, tokenizing, or other facilitation of SPS on public or external markets (centralized, decentralized/DEX, OTC, P2P, or otherwise) is prohibited and constitutes a material breach, subject to immediate suspension, nullification, set-off, clawback, revocation, Membership actions, and other remedies under Sovran Law.

4. DELIVERY, TIMELINE, FORCE MAJEURE, AND COMMUNICATIONS

4.1 Issuance of SPS and Account Credit

Sovran shall allocate and credit SPS to the Member’s verified Sovran account as determined under this Agreement, including credits via the Gain Allocation Mechanism and, if authorized, via the SPS Purchase Program. Any optional physical delivery corresponding to SPS is facilitated pursuant to Sections 2.3 and 4.2 on a best efforts basis and is not guaranteed as to timing.

4.2 Physical Silver Redemption and Delivery

SPS constitutes the Member’s exclusive pathway for amounts above the Principal SAG Amount, including optional in-kind delivery where available. Physical redemption requests are accepted and scheduled only during an Active Processing Window, as posted in a PCN. Sovran will use best efforts to facilitate delivery corresponding to SPS holdings in accordance with the PCN’s procedures; provided, however, that:

• (a) delivery timing is not guaranteed;
• (b) Sovran may modify, suspend, or defer scheduling via Program Notice;
• (c) the form, weight, assay, and delivery specifications shall be set by Sovran pursuant to internal logistics, inventory, and risk controls, and subject to Section 2.3 (including the RERP).

If no Active Processing Window is posted, requests for physical delivery shall not be accepted.

4.3 Force Majeure

Sovran shall not be held liable or considered in breach of this Agreement for delayed performance or delivery resulting from events beyond its reasonable control, including but not limited to acts of God, global or regional disruptions, governmental restrictions, operational security constraints, cyber disruptions, or courier limitations.

4.4 Communication and Notifications

All official updates, SPS issuance notices, delivery schedules, logistical modifications, or other critical notifications shall be communicated to the Contributor via official internal Sovran channels, secure digital dashboard communications, encrypted email, or authorized Sovran contact points. The Contributor remains solely responsible for maintaining accurate, updated contact and delivery information with Sovran.

4.5 Title; Risk of Loss (Optional Physical Delivery)

Title to and risk of loss for any Silver physically delivered under an Active Processing Window shall pass to the Member upon tender to Sovran’s designated private courier or carrier at Sovran’s hand-off point, as reflected in Sovran’s timestamped internal records. Shipping, insurance beyond Sovran’s posted standard coverage, duties, and import/export compliance (if any) are the Member’s responsibility unless otherwise stated in the applicable Program Notice.

4.6 Delivery Compliance; Sanctions; Export Controls

Sovran may decline, suspend, or cancel any physical delivery or related logistics where Sovran, in good-faith discretion, identifies sanctions, geofencing, export-control, security, insurance, or venue-integrity concerns under Sovran Law. Any such determination is final within the Private Venue.

5. GOVERNANCE, DISPUTE RESOLUTION, AND ENFORCEMENT

5.1 Exclusive Internal Jurisdiction and Governance

All matters arising under this Agreement shall be exclusively governed, interpreted, and enforced within Sovran’s private jurisdiction and adjudicated solely by the Court of the People. The Contributor explicitly waives any external public judicial recourse or statutory remedy.

5.2 Binding Dispute Resolution

Any and all disputes, claims, or enforcement actions under this Agreement shall be resolved conclusively through Sovran’s internal adjudication mechanisms, peer-reviewed tribunals, or the Court of the People, whose decisions shall remain final, binding, and enforceable exclusively within Sovran’s jurisdiction.

5.3 Informal Resolution Window

Before initiating proceedings in the Court of the People, the Member shall submit a written notice of dispute to Sovran’s designated contact, describing the issue and requested remedy. The parties shall cooperate in good faith for 30 days after Sovran’s receipt to seek private resolution. If unresolved, the matter may proceed under Sections 5.1 and 5.2.

5.4 No Class Adjudications or Representative Proceedings

Any dispute is personal to the Member and Sovran and shall not be brought as a class, collective, consolidated, private-attorney-general, or other representative proceeding in the Court of the People or elsewhere. No dispute may be joined or consolidated with another Member’s dispute.

6. MEMBER ACKNOWLEDGMENTS, WAIVERS, AND ELECTRONIC EXECUTION

6.1 Member Representations and Acknowledgments

By electronically executing and accepting this Agreement, the Contributor explicitly represents and affirms that:

• They are a verified Member of Sovran Private Society in good standing;
• They expressly affirm their sovereign standing as Stans Ut Sui Juris and operate solely under Sovran’s private jurisdiction;
• They fully comprehend, acknowledge, and voluntarily accept all terms, obligations, risks, and exclusive jurisdictional provisions herein described.

6.2 Waiver of External Legal Recourse

The Contributor irrevocably waives all external legal claims, public statutory protections, or external regulatory recourse in relation to this Agreement. All remedies and interpretations shall exclusively remain within Sovran’s internal jurisdiction.

6.3 Electronic Signature and Binding Execution

By electronically executing this Agreement, the Contributor acknowledges, affirms, and consents to all terms and conditions. This electronic acceptance is fully binding and enforceable as a legal execution under Sovran’s internal jurisdiction.

6.4 Execution and Irrevocable Binding Effect

This Agreement becomes fully binding, legally effective, and irrevocable upon the Contributor’s electronic acceptance and the confirmation by Sovran of the Contributor’s verified Member status and receipt of Contribution funds. Upon such electronic acceptance, the Contributor explicitly acknowledges and agrees to the following conditions:

• No right, authority, or ability to revoke, cancel, reverse, or withdraw from this Agreement or the Contribution once accepted by Sovran;
• All terms, conditions, representations, and acknowledgments contained herein shall remain final, irrevocable, and binding exclusively under Sovran’s private jurisdiction and internal governance framework;
• Any and all prior informal agreements, representations, or understandings between the Contributor and Sovran that are not expressly contained within this Agreement shall be deemed superseded, null, void, and unenforceable.

6.5 Electronic Acceptance, Binding Declaration, and Member Acknowledgments

By electronically executing and accepting this Sovran Physical Silver (SPS) Contribution and Redemption Subscription Agreement, the Contributor explicitly affirms, declares, and irrevocably consents as follows:

• The Contributor explicitly affirms and declares that they are a verified Member in good standing of the Sovran Private Society and explicitly affirms their sovereign standing as Stans Ut Sui Juris, operating solely within their private, sovereign, natural capacity.
• The Contributor expressly accepts, consents to, and agrees to remain exclusively bound by all terms, conditions, representations, obligations, restrictions, and internal jurisdictional provisions explicitly outlined within this Agreement.
• The Contributor explicitly understands, acknowledges, and agrees that all terms, obligations, conditions, and restrictions contained herein shall remain final, irrevocable, enforceable, and exclusively binding within Sovran Private Society’s internal private jurisdiction.
• The Contributor explicitly waives any and all external judicial, regulatory, statutory, or legislative claims, remedies, or enforcement actions.
• The Contributor acknowledges and expressly consents that all interpretation, adjudication, dispute resolution, and enforcement related to or arising from this Agreement shall exclusively occur within Sovran’s internal jurisdiction, governance framework, and the exclusive adjudicatory authority of the Court of the People.
• The Contributor explicitly acknowledges that all Contributions made under this Agreement are final, irrevocable, non-refundable, and non-cancellable.
• The Contributor acknowledges and accepts Sovran’s absolute and exclusive right to accept, reject, limit, or terminate any Contribution request at any time and at Sovran’s sole discretion, without external justification, recourse, or remedy available to the Contributor.
• By electronically accepting, executing, affirming, and submitting this Sovran Physical Silver (SPS) Contribution and Redemption Subscription Agreement, the Contributor voluntarily, knowingly, explicitly, and irrevocably consents and agrees to be bound exclusively by the private jurisdictional provisions, internal governance structures, terms, conditions, and obligations herein contained.

7. LIMITATION OF LIABILITY; INDEMNIFICATION

7.1 Limitation of Liability

To the maximum extent permitted under Sovran Law:

• (a) Sovran shall not be liable for any indirect, incidental, special, punitive, exemplary, or consequential damages (including loss of profits, revenue, data, or opportunity), even if advised of the possibility;
• (b) Sovran’s aggregate liability for all claims arising out of or related to this Agreement shall not exceed the value of SPS last credited to the Member’s account for the specific transaction(s) giving rise to the claim, as reflected in Sovran’s internal ledgers.

7.2 Exclusive Remedies; No Specific Performance

Member’s remedies are limited to those expressly provided in this Agreement and Sovran’s posted Program Notices. Specific performance, injunctions compelling processing or delivery, refunds, or rescission are unavailable within the Private Venue except as expressly posted by Sovran.

7.3 Indemnification by Member

The Member shall indemnify, defend, and hold harmless Sovran and its designees from and against any claims, losses, liabilities, damages, costs, and expenses (including reasonable venue costs and private counsel fees) arising from:

• (i) Member’s breach of this Agreement or Program Rules;
• (ii) any unauthorized transfer, listing, or external facilitation involving SPS or optional physical delivery;
• (iii) Member’s tax obligations;
• (iv) inaccurate information supplied by Member;
• (v) Member’s violation of Sovran Law, sanctions/geofence rules, or security protocols.

7.4 Force Majeure Reference

The limitations above apply in addition to, and not in lieu of, Section 4.3 (Force Majeure).

8. MISCELLANEOUS

8.1 Assignment

Member may not assign or transfer this Agreement or any rights hereunder without Sovran’s prior written consent. Any attempted assignment in violation hereof is void. Sovran may assign to an affiliate or successor under Sovran Law.

8.2 Amendments; Program Notices

Sovran may, in its sole discretion, modify, add, or remove provisions of these Terms at any time without notice or liability. Changes take effect upon posting in the Member Portal or other designated venue. Continued use of the Service constitutes acceptance of any modified Terms. Amendments and Program Notices govern prospectively unless expressly stated otherwise.

8.3 Severability

If any provision is held invalid within the Private Venue, it shall be modified to the minimum extent necessary to effectuate the Parties’ intent, and the remainder shall remain in full force.

8.4 No Waiver

A failure to enforce any provision is not a waiver of that provision or any other. Any waiver must be in writing by Sovran.

8.5 Entire Agreement

This Agreement (including Program Notices incorporated by reference) constitutes the entire agreement regarding SPS and supersedes any prior understandings not expressly set forth herein within the Private Venue.

8.6 Electronic Notices; Records

Member consents to receive all notices electronically through Sovran’s designated channels. Sovran’s internal ledgers and records are conclusive evidence of balances, credits, and logistics events within the Private Venue, absent manifest error.

This electronic acceptance by the Contributor constitutes a legally binding electronic signature, fully enforceable under Sovran’s private jurisdictional framework and governance protocols.

"Without prejudice, all rights reserved"
©410 (Sovran calendar; civil year 2025 CE) Sovran Private Society. Exclusively governed, adjudicated, and enforced by the Court of the People under the Indigenous Jurisdiction of Sovran Private Society and the Anishinabe Nation of The Great Turtle Island.