This Bullion Savings Program Agreement (“Agreement”) governs participation in the Indigo Precious Metals Bullion Savings Program (“BSP”).

This Agreement operates in conjunction with the Company’s General Terms of Use & Trade. In the event of inconsistency, this Agreement shall prevail in respect of BSP matters.

Participation in BSP constitutes acceptance of this Agreement.

The BSP is an allocated fractional ownership program for physical precious metals.

The BSP allows Customers to accumulate fractional gram interests in physical bullion over time.

The BSP is not:

1. A bank account;
2. A deposit;
3. A capital markets product;
4. An interest-bearing instrument;
5. A capital-protected product.

No interest, yield, or guaranteed return is paid or implied.

Upon confirmed purchase of grams under the BSP:

1. The Customer acquires legal and beneficial ownership in physical bullion of the corresponding metal type and purity;
2. Ownership represents a proportional undivided co-ownership interest in physical bullion inventory maintained by the Company;
3. The Company holds such bullion as bailee only.

BSP holdings are fully backed by physical bullion inventory.

The Customer’s interest is proprietary in nature and not a mere contractual claim.

Until conversion into specific bar format, BSP holdings remain fungible within each metal category.

The Company shall maintain physical bullion inventory sufficient to match total confirmed and settled BSP balances.

Inventory may consist of LBMA-grade bars or equivalent internationally recognised investment bullion products.

The Company maintains internal records reflecting:

1. Total BSP balances;
2. Corresponding physical inventory backing.

The Company shall maintain records sufficient to distinguish BSP holdings from Company-owned inventory and to reflect each Customer’s proportional ownership interest.

Allocated Metal held under BSP:

1. Remains the property of the Customer;
2. Does not form part of the Company’s assets;
3. Is not available to general creditors of the Company, subject to applicable law.

The Company shall not create security interests over BSP holdings except to the extent of lien under Clause 11.

BSP purchases are executed at prevailing market prices at the time of Price Lock.

Once confirmed, BSP purchases are irrevocable and subject to the General Terms of Use & Trade.

Failure to settle any BSP purchase within the prescribed payment period shall constitute a Default under the General Terms of Use & Trade and shall be subject to the cancellation and loss recovery provisions set out therein.

Minimum purchase quantities may apply as published by the Company.

BSP holdings are subject to the Company’s prevailing storage, insurance, handling, administrative, and other applicable custody-related charges, calculated and invoiced in accordance with the rates published by the Company from time to time.

Storage fees are invoiced periodically.

Failure to pay storage fees constitutes Default under this Agreement.

The Company reserves the right to amend storage fee rates upon reasonable notice.

Customers may request conversion of accumulated grams into whole bullion bars subject to:

1. Meeting minimum fabrication thresholds;
2. Payment of fabrication, minting, handling and administrative charges;
3. Availability of inventory.

Upon conversion, specific bar numbers shall be allocated to the Customer.

Once converted, custody terms may be governed by a separate Vaulting Service Agreement where applicable.

Customers may sell BSP holdings back to the Company at prevailing buy-back prices.

Settlement shall be based on confirmed market pricing at time of sale confirmation.

The Company reserves the right to suspend buy-back during:

1. Extreme market volatility;
2. Supply disruptions;
3. Force majeure events.

The Company reserves the right to suspend, delay, or refuse buy-back during extreme market volatility, supply disruptions, force majeure events, or where required for legal, regulatory, AML/CFT, or compliance reasons.

Precious metals prices are volatile and may fluctuate materially.

The value of BSP holdings may decline as well as rise.

Liquidity may be affected by market conditions.

Fabrication delays may occur during periods of elevated demand.

The Customer is solely responsible for assessing suitability of participation.

The Company shall have a general lien over BSP holdings for unpaid storage fees, insurance fees, handling fees, administrative charges, unpaid trading obligations, and any other outstanding amounts owing to the Company in respect of the BSP holdings.

1. Unpaid storage fees;
2. Unpaid trading obligations;
3. Administrative charges.

Where amounts remain unpaid after notice to the Customer, the Company may sell sufficient metal to satisfy outstanding sums.

Sale proceeds shall be applied first to costs of sale, then to outstanding obligations.

The Customer may terminate participation in BSP by liquidating all holdings.

Termination shall be subject to settlement of all outstanding fees, charges, and obligations owed to the Company.

The Company may suspend or terminate BSP participation where:

1. Required by law;
2. There is breach of this Agreement;
3. AML or compliance concerns arise.

The Company may request identification documents at any time.

The Company may delay, suspend or refuse transactions to comply with legal obligations.

Suspicious transactions may be reported without notice.

The Company shall not be liable for:

1. Market price movements;
2. Loss of profit;
3. Indirect or consequential loss;
4. Acts of third parties beyond its control.

The Company’s liability shall not exceed the value of the Customer’s BSP holdings at the time of claim.

Nothing excludes liability which cannot be excluded under Singapore law.