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Hash: SHA1

#
#  Prepaid Services Gold, psG Issue A.
#
#  Being, a Contract to settle Gold-denominated services.
#
#  Between, Systemics Inc. and Users.
#

[definitions]

#
#  Look for this hash on the Contract Publication Page,
#  based on standard.txt with the below hash here:
#    http://www.webfunds.org/ricardo/contracts/
#
include = 56c72cb7b1fe56ccc5b69fb0a7b129544144cbfa


definitions_gold = *
{
  Prepaid Services Gold ("psG") means the electronic currency,
  denominated in Grams of Gold ("GBP"), as facilitated by this
  Ricardian contract.  Other Gold currencies, which may be used
  as exchange for psG, are referred to as Internet Gold ("IG").
}

definitions_units = *
{
  The unit of the psG contract is the milligram, which is
  defined as having the value of gg 0.001.
}

definitions_purpose = *
{
  The purpose of psG is to facilitate the payment of services
  provided by Systemics Inc.
}

definitions_law = *
{
  The English Common Law, as further refined by the Laws of
  Anguilla shall apply to this contract, notwithstanding that
  it may be determined that the contract was entered into in
  a jurisdiction other than Anguilla and notwithstanding that
  all or some of the parties may be citizens or residents of
  another jurisdiction or jurisdictions.

  All disputes arising out of use of this contract shall be
  adjudicated in the Anguillan Courts.
}


[entity]
#
#  Note:  In this contract, Systemics Inc. may also be
#  referred to as "the Issuer" or "Systemics".
#
entity_shortname = Systemics
entity_longname = Systemics Inc. (Nevis)
entity_contract_url = http://systemics.com/ricardo/contracts/

entity_contract_notices = *
{
  Notices issued by the Issuer pursuant to this contract,
  such as changes in contact addresses, will be published
  and maintained at the Contract Publication Page.

  No notice is considered valid until notice is so published.
}

[issue]
#
#  This section identifies general aspects of this contract.
#
issue_type = currency
issue_name = Systemics Pre-paid Services Gold

[currency]
currency_symbol = gg
currency_tla = psG

[unit]
#
#  The Unit of Account is the psG. This currency is
#  denominated in psG, with an underlying unit of
#  contract of the milligram, which is equal to psG 0.001.
#
unit_power = 3
unit_major = gg
unit_minor = mg
unit_major_unit = gram
unit_minor_unit = milligram
unit_major_units = grams
unit_minor_units = milligrams

[conditions]
#
#  Whereas, the following terms and conditions apply:
#

conditions_backing = *
{
  psG is redeemable for services rendered by Systemics.

  Especially note that unlike other IGs, the psG issue does
  not maintain any reserves in physical or virtual gold.
}

conditions_limitation = *
{
  The holding of psG does not entitle the holder to purchase
  Systemics services. Systemics reserves the right to refuse
  service to anyone for any reason, or without cause.

  Systemics may, at its sole discretion, purchase psG from
  the User in exchange for Internet Gold, minus reasonable
  and customary fees.
}

conditions_exchange = *
{
  Third-party Exchange Providers will be appointed to provide
  exchange services on a competitive and efficient basis.
  Systemics agrees to sell psG to these third-party Exchange
  Providers, and agrees to redeem psG for services provided
  to users by Systemics.
}

conditions_buyback = *
{
  The Issuer reserves the right to buy back all outstanding
  psG thereby terminating the use of this instrument and
  contract, or to provide services settled in psG.
  Notification of termination shall be made at the Contract
  Publication Page Web site, and in other such media as the
  Issuer in his sole discretion shall deem to be appropriate
  and adequate.  Failure by a user to accept and execute the
  termination within six months of the date of first notice
  shall allow the Issuer to terminate his obligations under
  this contract.
}

conditions_liability = *
{
  Systemics Inc. is liable solely to the extent of performance
  according to the conditions specified in this contract.

  psG does not constitute deposits nor borrowings and is not
  regulated, protected, insured or guaranteed other than by
  the backing provisions outlined in conditions_backing.
}

conditions_mint = *
{
  Authorisation to the Operator is hereby included to specially
  set one Mint account for creation of psG and to make this
  account publicly viewable.

  Disbursements from the Mint account are to be made on receipt
  of duly signed and public authorisation from Systemics Inc.
  All disbursements from the Mint account are to be made to the
  single account identified by that authorisation.
}

conditions_risk = *
{
  Risk Disclosure

  User acknowledges that use of psG for trading purposes is
  risky.

  User acknowledges that no statement can disclose ALL the
  risk and other significant aspects of trading markets
  Users should not deal in the markets or hold speculative
  assets unless they understand the nature of the
  transactions that they are entering into and the extent
  of their exposure to risk.

  THESE RISKS INCLUDE, BUT ARE NOT LIMITED TO:

  PRICE RISK - Users may lose money on investments in or
  purchased with psG. No investment strategy works all the time,
  and Users of psG should expect that there will be extended
  periods when the price of psG will be below the price paid.

  FOREIGN EXCHANGE RISK - Users who purchase psG with one
  currency or asset and sell for another, bear the risk of
  fluctuations in prices and exchange rates, which can be
  substantial.

  MARKET RISK - Prices are volatile. Users who actively buy and
  sell psG bear this risk. Whilst psG exchange operators might
  opt to make a market in psG, they are not obligated to do so.

  POLITICAL RISK - Regulation or deregulation of particular
  industries can have a material impact on the value of psG.
  Laws and regulations will change over time and should be
  interpreted only in light of particular circumstances. To
  the fullest extent permissible pursuant to applicable law,
  Systemics disclaims all warranties, express or implied,
  including but not limited to implied warranties of
  merchantability and fitness of psG for any particular
  purpose.  Users bear full responsibility for the legality
  of their holding psG with respect to any regulation,
  currency control, or other statute.

  NON-DIVERSIFIED FUND RISK - psG is not a diversified mutual
  fund and is not reserved.  The price of psG is not guaranteed
  and is not expected to trade or exchange at par with Internet
  Gold. On any given day, psG might be worth more or less than
  Internet Gold.
}

[operator]
operator_company = Systemics Inc.
#
#  Systemics Inc. is the initial contracted Operator appointed
#  by the Issuer.
#  The role of Operator may be transferred by the Issuer to an
#  entity that specializes in this function.
#
operator_email = issue@systemics.com
operator_sox_server_name = boulton
operator_server_file_url += systemics.com/ricardo/server/boulton
operator_server_file_url += webfunds.org/ricardo/server/boulton
operator_server_file_url += koalagold.com/ricardo/server/boulton

[keys]

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keys_server_certification= *
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