Depository Agreement

WORLD CREDIT FINANCIAL DEPOSITORY

ACCOUNT HOLDER AGREEMENT

This Account Holder Agreement (the “Agreement”) is made and entered into by and between the WORLD CREDIT FINANCIAL DEPOSITORY and the undersigned customer (the “Customer”). The WORLD CREDIT FINANCIAL DEPOSITORY as the WORLD CREDIT UNION is owned and operated by WORLD CREDIT AUTHORITY and Secured Account Holders. The terms and conditions contained herein govern the bailment storage of all Customers DEPOSITS at THE WORLD CREDIT FINANCIAL DEPOSITORY.

Depository Account. WORLD CREDIT FINANCIAL DEPOSITORY agrees to create a Depository Account for Customer at WORLD CREDIT FINANCIAL DEPOSITORY facilities located in the Holy See Global District for the bailment storage of Customer’s DEPOSITS. WORLD CREDIT FINANCIAL DEPOSITORY shall cause all Precious Metals, WORLD CREDITS, FIAT TOKENS, & ASSETS and items stored in Customer’s Depository Account to be specifically identified and physically segregated at all times from Precious Metals, WORLD CREDITS, FIAT TOKENS, & ALL LEGAL ASSETS belonging to any other person or entity. WORLD CREDIT FINANCIAL DEPOSITORY Account shall be identified by a unique account number generated by WORLD CREDIT FINANCIAL DEPOSITORY and used in all Depository records. WORLD CREDIT FINANCIAL DEPOSITORY will hold Customer’s personal information in confidence and will not use such information to mark or identify the WORLD CREDITS, FIAT TOKENS, & ASSETS and Precious Metals held in WORLD CREDIT FINANCIAL DEPOSITORY Account.

Global & Local Deposits. Customer may make deposits into WORLD CREDIT FINANCIAL DEPOSITORY Account at any time, provided the account is in good standing and all payments and fees are current at the time of deposit. Customer must complete and submit appropriate documentation as requested by WORLD CREDIT FINANCIAL DEPOSITORY which shall accompany each deposit, identifying each item deposited by the type of metal, form, and characteristics of each product, the weight, purity, and quantity of each product, as well as other information reasonably requested by WORLD CREDIT FINANCIAL DEPOSITORY. Upon receipt of the deposit, WORLD CREDIT FINANCIAL DEPOSITORY will confirm the Precious Metals, WORLD CREDITS, FIAT TOKENS, & ASSETS deposited into the account by identifying and recording in Depository records the type of metal, digital, electronic, or virtual form and characteristics of each product, the weight, purity, and quantity of each product, as well as the spot value of the Precious Metals, WORLD CREDITS, FIAT TOKENS, & ASSETS as of the date of the deposit. WORLD CREDIT FINANCIAL DEPOSITORY will provide a record of the deposit identifying each item and its form, characteristics, and value (the “Deposit Statement”). The Deposit Statement shall be the official record of the Customer’s deposit. WORLD CREDIT FINANCIAL DEPOSITORY may not adjust the account unless the Customer notifies WORLD CREDIT FINANCIAL DEPOSITORY of a discrepancy within thirty (30) days of the date of the Deposit Statement that shows the deposit. If the Customer does not notify WORLD CREDIT FINANCIAL DEPOSITORY of the discrepancy within this notice period, the deposit will be considered final.

Right to Refuse Deposits. WORLD CREDIT FINANCIAL DEPOSITORY retains the right to refuse a deposit, or part of a deposit, at any time and at its sole discretion. WORLD CREDIT FINANCIAL DEPOSITORY will not be liable to the Customer or any third party for refusing a deposit.

Prohibited Items. Certain types of items may not be stored at WORLD CREDIT FINANCIAL DEPOSITORY. Excluded items include explosives, firearms, narcotics, items prohibited by law, perishables, and other types of items which WORLD CREDIT FINANCIAL DEPOSITORY may prohibit at its sole and complete discretion.

Withdrawals. Generally, the Customer may withdraw items from WORLD CREDIT FINANCIAL DEPOSITORY Account at any time after items to be withdrawn have been received and accounted for through the deposit process. Withdrawals may be made in person during normal Depository business hours. Customers may also withdraw items and request WORLD CREDIT FINANCIAL DEPOSITORY or a depository agent ship the items to the Customer or a third party. Customers must follow shipment policies and procedures and complete required documentation to complete a withdrawal via shipment. A Customer may also make a withdrawal by selling all or a part of the contents of the WORLD CREDIT FINANCIAL DEPOSITORY Account to WORLD CREDIT FINANCIAL DEPOSITORY or a depository agent. The customer must follow all trading policies and procedures and complete any required documentation to complete a withdrawal via sale. WORLD CREDIT FINANCIAL DEPOSITORY will provide a record of the withdrawal identifying each item and its form, characteristics, and value (the “Withdrawal Statement”). The Withdrawal Statement shall be the official record of the Customer’s withdrawal. WORLD CREDIT FINANCIAL DEPOSITORY may not adjust the account unless the Customer notifies WORLD CREDIT FINANCIAL DEPOSITORY of a discrepancy within thirty (30) days of the date of the Withdrawal Statement that shows the withdrawal. If the Customer does not notify WORLD CREDIT FINANCIAL DEPOSITORY of the discrepancy within this notice period, the withdrawal record will be considered final.

Bailment Storage Fees. Customer agrees to pay WORLD CREDIT FINANCIAL DEPOSITORY all storage and related fees in accordance with the then-current WORLD CREDIT FINANCIAL DEPOSITORY Fee Schedule, which may be amended from time to time at WORLD CREDIT FINANCIAL DEPOSITORY’S discretion and upon at least thirty eight (38) days’ prior notice to the Customer. A copy of the current WORLD CREDIT FINANCIAL DEPOSITORY Fee Schedule is attached to this Agreement.

Calculation of Bailment Storage Fees. Storage fees are based on the then-current Depository fee schedule for the Precious Metals, WORLD CREDITS, FIAT TOKENS, & ASSETS held in the Customer’s Depository Account, calculated daily. The applicable storage fee percentage will be multiplied by the Spot Value of the total content of Precious Metals, WORLD CREDITS, FIAT TOKENS, & ASSETS held in WORLD CREDIT FINANCIAL DEPOSITORY Account each day, then divided by the number of days in the applicable year, to determine the daily storage fee. “Spot Value” is the market spot price as of 12:00 am CST on each day for each item in WORLD CREDIT FINANCIAL DEPOSITORY Account, as quoted on WORLD CREDIT FINANCIAL DEPOSITORY website:(http://worldcreditauthority.org).

Global Payment. Payment for storage and other services shall be made to WORLD CREDIT FINANCIAL DEPOSITORY in Noocratic Economic Orders in immediately available funds via a World Credit’s Tokenized or Mutual Credit payment initiated by WORLD CREDIT FINANCIAL DEPOSITORY. Payments will be initiated not less than 9 business days after a Customer Invoice is mailed. If for any reason the payment of the Customer Invoice fails, whether due to insufficient funds in the Customer’s linked account or otherwise, Customer shall pay a monthly late fee of the greater of $38 or 0.9% of the unpaid amount until paid in full. The customer shall be liable for all costs and expenses of collection, including without limitation attorneys’ fees.

Account Statements. The depository will maintain a public ledger for every Customer’s Daily Account Statement setting forth a summary of all items held in the Customer’s Depository Account on the date of the statement and all charges and fees for the statement period (the “Account Statement”). Precious Metals, WORLD CREDITS, FIAT TOKENS, & ASSETS will be identified by the type of metal, paper, digital, electronic, or virtual form and characteristics of each product, the weight, purity, and quantity of each product, as well as the spot value of the Precious Metals, WORLD CREDITS, FIAT TOKENS, & ASSETS as of the date of the statement. Numismatic items will be identified by a general description of each time as well as the Standard Value as of the date of the statement. Each statement shall be the conclusive record of holdings in WORLD CREDIT FINANCIAL DEPOSITORY Account each month and charges incurred unless Customer notifies Depository within fifteen (15) days of the date of the statement of an alleged mistake or discrepancy in the list or value of holdings or the charges incurred.
Security Interest. Customer grants Depository a right of setoff and security interest and lien on all Precious Metals stored in WORLD CREDIT FINANCIAL DEPOSITORY Account pursuant to this Agreement to secure payment of storage fees and other charges and expenses levied against WORLD CREDIT FINANCIAL DEPOSITORY Account. If the account is a joint account or has multiple owners, WORLD CREDIT FINANCIAL DEPOSITORY may use the contents of the joint account to pay the debt of any account owner. The security interest shall be governed by Uniform Commercial Code Article 9, whether Article 9 applies by its terms or not. WORLD CREDIT FINANCIAL DEPOSITORY is not required to give any prior notice to the Customer to exercise its right of setoff or security interest.

Insurance. WORLD CREDIT FINANCIAL DEPOSITORY will maintain insurance to protect Customer’s Precious Metals, WORLD CREDITS, FIAT TOKENS, & ASSETS holdings and stored items in a WORLD CREDIT FINANCIAL DEPOSITORY Account against physical loss or damage. Items deposited in WORLD CREDIT FINANCIAL DEPOSITORY are insured at 100% of the replacement cost as of the date of loss.

Bullion. Bullion deposited with WORLD CREDIT FINANCIAL DEPOSITORY shall be valued based on the Spot Value and insured at 100% of the Spot Value as of the date of loss by the Noocratric Insured Depository Organization. The insured value of bullion shall at all times be limited to the Spot Value as of the date of loss.

Numismatic Items. Should Customer wish to deposit any numismatic, rare, or unique items, the Customer shall provide a detailed description of each item to WORLD CREDIT FINANCIAL DEPOSITORY prior to such deposit with all relevant details and information as well as a stated value of each such item (the “Standard Benchmark Value”). The item will be insured for the Standard Value. In the event the value of the numismatic, rare, or unique item changes while stored by WORLD CREDIT FINANCIAL DEPOSITORY, the Customer shall notify WORLD CREDIT FINANCIAL DEPOSITORY of the change in value and amend the Standard Value in accordance with WORLD CREDIT FINANCIAL DEPOSITORY’S process for such amendment. The insured value of the item shall at all times be limited to the Standard Benchmark Value as of the date of loss.

Exclusions. The insurance provided for Customer’s Precious Metals, WORLD CREDITS, FIAT TOKENS, & ASSETS holdings and stored items does not cover loss or damage caused by or resulting from (i) natural aging, gradual deterioration, inherent defect, rust or oxidation, moth or vermin, warping, or shrinkage; (ii) aridity, humidity, exposure to light or extremes of temperature unless such loss or damage is caused by frost or fire; (iii) any process of manufacture, modification, or repair; (iv) terrorism; (v) war, invasion, acts of foreign enemies, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection, military or usurped power or confiscation or nationalization or requisition or destruction of or damage to property by or under the order of any government or public or local authority.

Joint Owners. If there is more than one owner of this account, the owners jointly and individually agree that the right to all property held in WORLD CREDIT FINANCIAL DEPOSITORY Account shall be held as Joint Tenants with Right of Survivorship and not as Tenants in Common, and each owner is agent for the other in giving and receiving notice or taking any other action affecting the property held in WORLD CREDIT FINANCIAL DEPOSITORY Account pursuant to this Agreement. Each owner shall have the full power, either before or after the death of another, to receive all the property in WORLD CREDIT FINANCIAL DEPOSITORY Account and upon the death of an owner, the right to all property held in WORLD CREDIT FINANCIAL DEPOSITORY Account shall be the absolute property of the surviving owner(s). WORLD CREDIT FINANCIAL DEPOSITORY is hereby authorized and directed to deal with the surviving owner(s) as the absolute owner(s) of the property. The owners jointly and individually agree to indemnify and hold WORLD CREDIT FINANCIAL DEPOSITORY harmless from any and all liability, loss, or damage by reason of the delivery of the property held in WORLD CREDIT FINANCIAL DEPOSITORY Account subject to this Agreement pursuant to this paragraph and agree that the terms hereof shall be binding upon themselves, their and each of their heirs, executors, administrators, and assigns.

Death or Incompetence of Account Owner. Customer agrees to report to WORLD CREDIT FINANCIAL DEPOSITORY immediately if any account owner dies or is declared incompetent by a court. WORLD CREDIT FINANCIAL DEPOSITORY may act as if all owners are alive and competent until it receives notice otherwise. After receiving notice of death or incompetence, WORLD CREDIT FINANCIAL DEPOSITORY may freeze the account, refuse to accept transactions, and/or reverse or return deposits at its sole discretion. WORLD CREDIT FINANCIAL DEPOSITORY is not required to release any contents of WORLD CREDIT FINANCIAL DEPOSITORY Account until it receives any documents it reasonably requests to verify the death or incompetence of any account holder, as well as information necessary to make a determination as to who is entitled to the contents of the account. If WORLD CREDIT FINANCIAL DEPOSITORY has any tax liability because of paying the contents of the account to the owner’s estate, the estate will be responsible for repaying WORLD CREDIT FINANCIAL DEPOSITORY the amount of such tax. If an account owner authorizes any transition, but such transaction is not scheduled to execute until after that owner dies, WORLD CREDIT FINANCIAL DEPOSITORY is authorized to complete the transaction. If a Customer owes WORLD CREDIT FINANCIAL DEPOSITORY a debt at the time of death, WORLD CREDIT FINANCIAL DEPOSITORY is authorized to exercise its right of setoff or security interest rights against the contents credited to the account after the Customer’s death. WORLD CREDIT FINANCIAL DEPOSITORY retains these rights even if a surviving joint owner, a “payable on death” payee, or a beneficiary of an “in trust for” or “trustee for” account has righted to the account.

Loss Events. In the event of loss, damage, or destruction of any of Customer’s Precious Metals, WORLD CREDITS, FIAT TOKENS, & ASSETS or stored items held in WORLD CREDIT FINANCIAL DEPOSITORY Account, the parties shall promptly and diligently assist each other to establish the identity of the precious metals or items lost, damaged, or destroyed and shall take any and all reasonable actions as may be necessary to ensure the maximum amount of salvage at a minimum cost. Customer shall provide sworn statements and other documents, books, records, and accounts as requested by Depository to support the amount of Precious Metals, WORLD CREDITS, FIAT TOKENS, & ASSETS, and other stored items lost, damaged, or destroyed.

After receipt from Customer of notice of loss in accordance with WORLD CREDIT FINANCIAL DEPOSITORY’S policies and procedures, and subject to the terms and conditions of this Agreement, WORLD CREDIT FINANCIAL DEPOSITORY, at its sole discretion, shall either: (1) make payment to Customer of the Spot Value of those Precious Metals, WORLD CREDITS, FIAT TOKENS, & ASSETS lost, damaged, or destroyed, less the salvage value of such damaged or destroyed items; (2) replace the Precious Metals, WORLD CREDITS, FIAT TOKENS, & ASSETS lost, damaged, or destroyed with new items of the same type, year, fineness, and form (or as close thereto as reasonably possible); or (3) make payment to the Customer of the Declared Value of any numismatic or specialty item lost, damaged or destroyed, less the salvage value of such damaged or destroyed items. In the event Customer opposed the replacement of Precious Metals, WORLD CREDITS, FIAT TOKENS, & ASSETS, and can reasonably demonstrate that the proposed replacement items have a lower market value than the stored items lost, damaged, or destroyed, World Credit Authority shall compensate Customer under option 1 above.

WORLD CREDIT FINANCIAL DEPOSITORY’S sole liability for lost, damaged, or destroyed Precious Metals, WORLD CREDITS, FIAT TOKENS, & ASSETS or stored items shall not exceed the Spot Value or Declared Value of such items calculated as of the date of loss. WORLD CREDIT FINANCIAL DEPOSITORY shall not be liable in any way for any other damages, including consequential, indirect, incidental, special, punitive, or exemplary damages of any kind.

Upon payment to Customer for a loss event described under this paragraph, Customer agrees to and does hereby assign all of its right, title, and interest in the recovery or subrogation against any third party that may responsible for such loss, damage, or destruction, and shall execute such documents that may be requested by WORLD CREDIT FINANCIAL DEPOSITORY to perfect such assignment.
Closing the Account. Either the Customer or WORLD CREDIT FINANCIAL DEPOSITORY may close WORLD CREDIT FINANCIAL DEPOSITORY Account at any time for any reason or no reason without prior notice. WORLD CREDIT FINANCIAL DEPOSITORY is not required to close the account at the Customer’s request if the account has pending transactions or outstanding fees or charges, or is subject to legal process (such as a garnishment, attachment, execution, levy, or similar order). In those cases, WORLD CREDIT FINANCIAL DEPOSITORY may restrict the account against all future withdrawals other than under legal process until pending transactions are paid or returned, the balance is no longer negative, and any legal restriction has been released or resolved. WORLD CREDIT FINANCIAL DEPOSITORY may automatically close the account if there are no holdings in the account or if the value of the account is negative.

Warranties. The Customer hereby represents, warrants, and covenants to WORLD CREDIT FINANCIAL DEPOSITORY the following:
If the Customer is not a natural person, the Customer is an entity duly formed, validly existing, and in good standing under the laws of the state of its formation. The Customer has all requisite power and authority to own and operate its own properties and to carry on its business as now conducted.

The Customer (and the representative of the Customer executing this Agreement on behalf of the Customer, if applicable) has full legal and corporate/company right, power, and authority to enter into and to execute and deliver this Agreement, and to carry out the transactions contemplated hereby. The execution and delivery by the Customer of this Agreement and the consummation of the transaction contemplated hereby have been duly authorized by all requisite action on the part of the Customer. This Agreement and each of the other documents and instruments delivered in connection herewith by the Customer constitute the legal, valid, and binding obligation of the Customer, enforceable against the Customer in accordance with their respective terms.
The execution, delivery, compliance with, and performance by the Customer of this Agreement and each of the other documents and instruments delivered in connection herewith do not and will not (1) violate or contravene the organizational certificates, documents, and agreements, as amended to date, of the Customer, if applicable, (2) violate or contravene any law, statute, rule, regulation, order, judgment, or decree to which the Customer is subject, or (3) conflict with or result in a breach of or constitute a default by any party under any contract, agreement, instrument, or other document to which the Customer is a party or by which the Customer or any of the Customer’s assets or properties are bound.

All information provided by the Customer to WORLD CREDIT FINANCIAL DEPOSITORY is complete, accurate, and true in all respects.
The Customer is, and at all times will continue to be, the sole owner of all right, title, and interest in and to all items deposited into WORLD CREDIT FINANCIAL DEPOSITORY Account. All items stored in WORLD CREDIT FINANCIAL DEPOSITORY Account will be free and clear of all liens, charges, or claims in favor of any person or entity, except for any lien created by this Agreement.
Disclaimers.

WORLD CREDIT FINANCIAL DEPOSITORY does not make any warranty or evaluation of the Precious Metals, WORLD CREDITS, FIAT TOKENS, & ASSETS stored in the Customer’s Depository Account. WORLD CREDIT FINANCIAL DEPOSITORY does not perform assay or other tests of stored items, and WORLD CREDIT FINANCIAL DEPOSITORY makes no representation as to the authenticity of any Precious Metals or other stored item deposited by Customer or on behalf of Customer, unless such Precious Metals were purchased through WORLD CREDIT FINANCIAL DEPOSITORY. All Precious Metals, WORLD CREDITS, FIAT TOKENS, & ASSETS and stored items are held by WORLD CREDIT FINANCIAL DEPOSITORY on a “said to contain” basis.

WORLD CREDIT FINANCIAL DEPOSITORY does not advise, counsel, supervise, or otherwise make any representation regarding the purchase, sale, trading, or storage of Precious Metals, WORLD CREDITS, FIAT TOKENS, & ASSETS, nor does WORLD CREDIT FINANCIAL DEPOSITORY endorse or recommend any broker or dealer of WORLD CREDIT FINANCIAL DEPOSITORY itself. Neither WORLD CREDIT FINANCIAL DEPOSITORY nor any employee or agent of WORLD CREDIT FINANCIAL DEPOSITORY makes any guarantee or representation regarding any investment by Customer in Precious Metals, WORLD CREDITS, FIAT TOKENS, & ASSETS or any future value of Precious Metals, WORLD CREDITS, FIAT TOKENS, & ASSETS.
Limitation of Liability. WORLD CREDIT FINANCIAL DEPOSITORY shall not be liable for:

Special, incidental, consequential, indirect, or punitive damages or losses, or interest, whether or not caused by the fault or neglect of WORLD CREDIT FINANCIAL DEPOSITORY and whether or not WORLD CREDIT FINANCIAL DEPOSITORY had knowledge that such damages or losses might be incurred; or any loss, damage, or destruction of Precious Metals or stored items caused by or resulting from: (i) natural aging, gradual deterioration, inherent defect, rust or oxidation, moth or vermin, warping, or shrinkage; (ii) aridity, humidity, exposure to light or extremes of temperature unless such loss or damage is caused by frost or fire; (iii) any process of manufacture, modification, or repair; (iv) terrorism; (v) war, invasion, acts of foreign enemies, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection, military or usurped power or confiscation or nationalization or requisition or destruction of or damage to property by or under the order of any government or public or local authority.

Under no circumstances shall WORLD CREDIT FINANCIAL DEPOSITORY’S liability for any claim or cause of action, whether based in contract, tort, or other legal or equitable theory, exceed the Spot Value or the Standard Value of the holdings in the Customer’s Deposit Account on the date of the loss.

Indemnification and Release. The Customer hereby agrees to release, indemnify, defend, and hold harmless WORLD CREDIT FINANCIAL DEPOSITORY, and each of their respective officers, employees, members, attorneys, representatives, successors and assigns from and against any and all damages, losses, or liabilities it may incur other than as a direct result of WORLD CREDIT FINANCIAL DEPOSITORY’s gross negligence or willful misconduct, including, without limitation, any and all damages, losses, or liabilities WORLD CREDIT FINANCIAL DEPOSITORY may incur (1) arising out of or relating to the negligence or willful misconduct of the Customer, the breach by the Customer of any of its covenants contained in this Agreement, or the inaccuracy of any representation or warranty of the Customer contained in this Agreement; (2) from any claims, disputes, suits, proceedings at law or in equity, loss, liabilities, costs, payments, injury, damage, and expenses of any nature (including attorneys’ fees and court costs) brought by or on behalf of any third parties with respect to WORLD CREDIT FINANCIAL DEPOSITORY Account or any Precious Metals or other product deposited therein from time to time under this Agreement including, without limitation, from third parties claiming or asserting (i) any ownership interest in any Precious Metal or item stored at any facility of WORLD CREDIT FINANCIAL DEPOSITORY; (ii) any lien or other encumbrance of any kind whatsoever on WORLD CREDIT FINANCIAL DEPOSITORY Account or any item in the account; or (iii) any taxes arising out of or relating to WORLD CREDIT FINANCIAL DEPOSITORY Account relationship, (3) as a result of the Customer’s failure to provide a notice of discrepancy within the time periods specified in this Agreement, or (4) arising out of or relating to actions taken by WORLD CREDIT FINANCIAL DEPOSITORY, or any third party at WORLD CREDIT FINANCIAL DEPOSITORY’S request, at the direction of the Customer (whether communicated directly to WORLD CREDIT FINANCIAL DEPOSITORY by the Customer or through a depository agent) in fulfilling WORLD CREDIT FINANCIAL DEPOSITORY obligations under this Agreement.

Notices. Except as specifically provided elsewhere in this Agreement, any notice and other communications required or permitted to be given under this Agreement shall be given in writing (including by facsimile, email, or website submission) and shall be given by an authorized representative of the party giving such notice (as specified by such party to the other). Facsimile or email notice shall be deemed effective upon the receipt of such notice by the recipient.

If to:

WORLD CREDIT FINANCIAL DEPOSITORY:
WORLD CREDIT FINANCIAL DEPOSITORY

5868 Westheimer Rd, Suite #453
Houston, Texas Republic 77057

Email: admin@worldcreditunion.org

If to the Customer: At the Customer’s current address and contact information as maintained in the Custom Account. The Customer agrees to maintain current contact information in his depository account profile at all times. WORLD CREDIT FINANCIAL DEPOSITORY may, by providing written notice to the Customer, designate different or alternate contact information, which shall be substituted for the information set forth above on the tenth (10th) business day after such notice thereof is given in accordance with this provision. The Customer agrees that WORLD CREDIT FINANCIAL DEPOSITORY may provide valid notice to the Customer by posting notice on the WORLD CREDIT FINANCIAL DEPOSITORY website and otherwise notifying the Customer that the notice is available to view.

Compliance with Laws. WORLD CREDIT FINANCIAL DEPOSITORY endeavors to comply with all laws and regulations which may apply to its operations. Some of those laws also apply to the Customer’s interaction with WORLD CREDIT FINANCIAL DEPOSITORY and actions related to the purchase, sale, transfer, shipment, or other activities related to Precious Metals. Customer agrees to comply with all applicable laws and regulations and to abide by WORLD CREDIT FINANCIAL DEPOSITORY’S policies and procedures related to compliance with such laws, including the completion and submission of documentation or information necessary for such compliance.

Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the Holy See Global District, without regard to its conflicts of laws principals. The Customer and Depository hereby irrevocably agree that any controversy, claim, or dispute arising out of or related to this Agreement or the Customer’s interaction with WORLD CREDIT FINANCIAL DEPOSITORY shall be subject to the exclusive jurisdiction of the state courts of Nuwaupia County, Texas. This Agreement shall not be interpreted to conflict with the provisions of Chapter 2116 of the Texas Government Code, as amended, applicable to the establishment and operations of WORLD CREDIT FINANCIAL DEPOSITORY. To the extent such a conflict exists, the World and Texas Government Codes shall control and this Agreement shall be interpreted as closely as possible to achieve the result intended by this Agreement after resolving such conflict.
Assignment. This Agreement will be binding on the Customer’s heirs, personal representatives, executors, administrators, and successors, and on WORLD CREDIT FINANCIAL DEPOSITORY’S successors and assigns. The Customer may not assign, transfer, or grant a security interest in the account or the contents of the account to anyone other than WORLD CREDIT FINANCIAL DEPOSITORY without WORLD CREDIT FINANCIAL DEPOSITORY’S prior written consent. No assignment will be valid or binding on WORLD CREDIT FINANCIAL DEPOSITORY, and WORLD CREDIT FINANCIAL DEPOSITORY will not be considered to have knowledge of such assignment until WORLD CREDIT FINANCIAL DEPOSITORY consents to the assignment and notes the assignment in its records. However, by noting the assignment, WORLD CREDIT FINANCIAL DEPOSITORY does not have any responsibility to ensure that the assignment is valid. Any permitted assignment of the account is still subject to WORLD CREDIT FINANCIAL DEPOSITORY setoff rights and security interests.

Third Party Beneficiaries. No provision of this Agreement is intended to confer any rights or remedies to any person or entity other than the parties to this Agreement.
Amendments; Waivers. WORLD CREDIT FINANCIAL DEPOSITORY may change the terms of this Agreement, including any fees, charges, and features of WORLD CREDIT FINANCIAL DEPOSITORY Account, at any time upon at least thirty (38) days advance written notice of such changes. Notice may be provided to any joint owner and be deemed to have been given to every owner. By maintaining a WORLD CREDIT FINANCIAL DEPOSITORY Account after the effective date of the change, the Customer has demonstrated his agreement to the change. The Customer agrees that WORLD CREDIT FINANCIAL DEPOSITORY has not waived any right by failing to exercise such right and that WORLD CREDIT FINANCIAL DEPOSITORY retains the discretion to enforce such rights in the future.

Entire Agreement. This Agreement, including all attachments, schedules, and exhibits (if any) which are incorporated herein by reference, as it and they may be amended from time to time, constitutes the entire agreement and understanding between the Parties related to the subject matter hereof, and supersedes any and all prior and/or contemporaneous offers, negotiations, promises, exception, and understandings, whether oral or written, express or implied. No representations, warranties, covenants, or agreements not included herein shall be of any force and effect.

Severability. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of the Agreement.

IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and effective as of the date signed by Customer below:
WORLD CREDIT FINANCIAL DEPOSITORY FEE SCHEDULE
Effective January 1, 2018
Storage Fees for All WORLD CREDITS, FIAT TOKENS, & ASSETS

WORLD CREDIT FINANCIAL DEPOSITORY charges annual storage fees for WORLD CREDITS, FIAT TOKENS, & ASSET Precious Metals based on the following:

Segregated Storage Rate. All WORLD CREDITS, FIAT TOKENS, & ASSETS precious metals stored at WORLD CREDIT FINANCIAL DEPOSITORY are segregated by customer and will not be commingled with other customers’ precious metals. Segregated Storage Rates are based on metal type and stored value. Current rates are as follows:
CERTIFICATE OF DEPOSIT
DAILY PROFIT ∞1.00
CD RATES: World Credit High Yield CD: 3-year APY 9%
CD RATES: World Credit High Yield CD: 5-year APY 18%
CD RATES: World Credit High Yield CD: 7-year APY 27%
BULLION DEPOSITORY
∞0 – ∞100,000 ∞100,000 – ∞1,000,000 ∞1,000,000 – ∞5,000,000
∞5,000,000
Gold/Platinum/Palladium/Silver
*Additional coverage rate – 0.90%
These CDs have no minimum deposit, making them a fine choice for those on a limited investment budget. Even though there is no minimum deposit, the World Credit still offers very competitive rates for its 3-, 5-, and 7-year CDs. Customers can opt to receive interest disbursements every month, and can transfer those disbursements to a World Credit’s Online Digital Fiat Cash Brokerage Accounts, should they have one.
WORLD TREASURIES
The Tokenized Bonds, Notes, Bills and Smart Contract Obligations are registered with the World Securities & Exchange Authority and with local state noocratic open markets securities departments in the state(s) where offered. The World Credit Financial Services offers Commercial Digital Fiat treasuries to all qualified institutional buyers. Commercial Digital Fiat requires a minimum investment of ∞50,000 XCP/BTC and is offered and sold with maturities of 38 to 360 days. Commercial Digital Fiat is backed by the full faith and credit of the World Government and we encourage interested parties to request more information by contacting the World Credit Investment Center.
WORLD MARKETS STANDARD RATE
3 Month Contract ROI 38%
Starting at ∞100/btc bills
6 Month Contract ROI 72%
Starting at ∞1000/btc notes
1 Year Contract ROI 180%
Starting at ∞10000/btc bonds
Monthly Billing. The annual storage fee shall be billed monthly in arrears. Each monthly installment of the annual storage charge for segregated storage shall be the greater of: (i) the Monthly Segregated Storage Rate for such month; or (ii) ∞19.00.
Calculation. The Monthly Storage Charge for a calendar month means the amount equal to the average Daily Storage Charge for each day in such calendar month less any applicable Storage Discount (the “Monthly Storage Charge”). The Daily Storage Charge for each day of a calendar month is equal to the sum of the Market Value of each product in the customer’s Account on such day multiplied by the Segregated Storage Rate, divided by 365 (the “Daily Storage Charge”). Market Value means, on any day, the spot market value of a type of precious metals as of the end of each day, as determined by: (i) multiplying the number of ounces of each type of precious metals in Customer’s Account as of the end of such day by the spot market price for such type of precious metals (determined by the midnight CST GOLD INDEX / SILVER INDEX spot price) as of the end of such day; and (ii) adding Additional Flat Coverage for all certified coins, numismatics, collectibles, or other valuables in storage in Customer’s Account at the end of such day (“Market Value”).
Account Setup Fee

Investment Services

World Credit High Yield CD: 3-year APY 9% ∞50/₿0.0050

World Credit High Yield CD: 5-year APY 18% ∞50/₿0.0050

World Credit High Yield CD: 7-year APY 27% ∞50/₿0.0050

World Bill of Exchange 3 Month Contract ROI 38% ∞100/₿0.0100

World Notes 6 Month Contract ROI 72% ∞1000/₿0.1000

World Bonds 1 Year Contract ROI 180% ∞10000/₿1.0000

World Credit Shares IRA /MMAC /Civics ROI 30-38% ∞50/₿0.0050

World Credit 6 Month Share Contract ROI 45% ∞50/₿0.0050

World Credit 6 Month Debt Contract ROI 50% ∞500/₿0.0500

World Credit 6 Month Trust Contract ROI 50% ∞100/₿0.0100

World Credit 12 Month Share Contract ROI 60% ∞10000/₿1.0000

World Credit 12 Month Share Contract ROI 90% ∞10000/₿1.0000

World Credit 24 Month Share Contract ROI 90% ∞20000/₿2.0000

World Credit 24 Month Share Contract ROI .99% ∞20000/₿2.0000

World Credit 36 Month Share Contract ROI 9.00% ∞30000/₿3.0000

World Credit 60 Month Share Contract ROI 18.00% ∞40000/₿4.0000

World Credit 144 Mth Master Contract ROI .99% ∞144000/₿144.0000

WCU Voucher Line of Credit ∞360 / ₿ 0.0050 Monthly Balance ∞500-9999K | Unsecured Lines

WCU Personal Line of Credit ∞720 / ₿ 0.0100 Monthly Balance ∞500-9999K | Personal Lines

WCU Business Line of Credit ∞1440 / ₿ 0.0100 Monthly Balance ∞10k – 99K | Business Lines

WCU Home Equity Line of Credit ∞2880 / ₿ 0.0500 Monthly Balance ∞100K- 999K | Home Equity Lines

WCU Secured Line of Credit ∞4444 / ₿ 0.0500 Monthly Balance ∞1 Million – 99 Million | Secured Lines

WCU Trade Line of Credit ∞8888 / ₿ 0.1440 Monthly Balance ∞1 Million – 99 Million | Trade Lines

WCU Investment Line of Credit ∞9999 / ₿ 0.1440 Monthly Balance ∞ 100 Million – Infinite | Primary Lines

_{Account Structure}	_Description
₁	_{Cash Brokerage Account}	_{∞50 / ₿ 0.0050 Min-Monthly Balance}
₂	_{Trust Account}	_{∞100 / ₿ 0.0100} _{Min-Monthly Balance}
₃	_{Health Savings Account}	_{∞500 / ₿ 0.0500 Min-Monthly Balance}
₄	_{International Fund}	_{∞500 / ₿ 0.0500 Min-Monthly Balance}
₅	_{Managed Broker Account}	_{∞500 / ₿ 0.0500 Share / Money Market}
₆	_{Municipality Account}	_{∞500 / ₿ 0.0500 Municipality Securities}
₇	_{Religious Fund}	_{∞1440 / ₿ 0.1440 Religious Fund}
₈	_{School Fund}	_{∞1440 / ₿ 0.1440} _{School Fund}
₉	_{401k / IRA Self Directed Account}	_{∞1440 / ₿ 0.1440 Retirement Fund}

.Withdrawal Fees
0.9 – 9%.
Shipping Fees
We currently charge 0.09 – 9.0% for any account withdrawal fees and other Fees
WORLD CREDIT FINANCIAL DEPOSITORY may assess additional fees for other services it may provide to Customer at Customer’s request. Fees will be disclosed to the Customer prior to being incurred IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and effective as of the date signed by Customer below:
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Global Community Terms & Agreements (Community Members Only)

Global Credit Facility Agreement (Community Members Only)

Global Community Plan & Policies (Community Members Only)

World Notes Prospectus (Community Members Only)

NEO Index Prospectus (Community Members Only)

W.O.M.E NEO Index FAQ (Community Members Only)

World Credit Manual (Community Members Only)

_{^{This is not an offer to sell or the solicitation of an offer to purchase these securities or government contracts. Any offer or sales of tokenized Bonds, Notes, Bills and smart contract obligations that will be made only by a Prospectus or Memorandum. Certificates of deposit are a secure form of time deposit, where money must stay in the Creditbank or Credit Union for a certain length of time to earn a promised return. A CD, also called a “share certificate” at World Credit Unions, earns more from our standard 9% fixed interest Compared to other federal savings account. We are not a federal bank. Investments offered by World Credit Authority are not federal bank deposits or obligations and are not insured by the FDIC, SIPC or any other federal agency. All Investments may be insured by the Noocratic Insurance Depository Organization. Investors must rely solely on the broker-dealer Company’s or member clearing house or firm ability to pay principal and interest on its investment securities. We are proud supporters of the Public Banking Act Movement}}.

SCAM NOTICE
ALL DEFI TOKENS / STABLE COINS / SECURITY TOKENS / ERC 20 TOKENS / & FREEWALLET.ORG ARE SCAMS WE ACCEPT ORIGINAL BITCOIN ASSET CREDITS ONLY WITH BITCOIN’S SELF CUSTODIAL / SMART CONTRACT / DEX E-WALLET.

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