BUSICLINT Loans Series 4

1) The Borrower’s promise to pay the principal and interest amounts in the form of an irrevocable promissory note with the senior-most claim on the Borrower’s future revenues and assets.

2) The Collateral of the assets, real estate property, capital, business lines, and any chattel included in the financing.

3) The Collateral of the assets and revenues of the loan-specific Individual Debt Retirement Account (IDRA).

4) The total payments made to the loan-specific Interest and Fees Account (IFA).

5) The loan-specific gap insurance policy and life insurance policy benefiting the BUSICLINT™ Loan Creditors.

6) The loan-specific CCJS backstop guarantee for all principal and interest amount benefiting the BUSICLINT™ Loan Creditors.

For a BUSICLINT™ loan application to be compliant and approved by underwriters, the following must be the case:

Debt to Income (“DTI”) Ratio of the Borrowers Must Be ≤ 40%

DTI = (Proposed Monthly Payment + All Minimum Monthly Debt Obligations) ÷ Gross Monthly Income

Note: Joint loans are permitted, in which case incomes are combined for underwriting requirements.

Juro Funds LLC - BUSICLINT Business Loans - Series 4

Segregated sub-series of the BUSICLINT™ shall be issued as per currency denomination and jurisdiction of properties (ie Euro BUSICLINT™, US BUSICLINT™, British BUSICLINT™, etc).

Equity security representing a pro rata ownership interest in the principal and a pro rata participation in the profit sweeps generated from the total income of the segregated portfolio owned by this fund series. Open-ended issuance of this partnership interest represented by a fungible unit in accordance to the immutable terms and conditions of the fund series.

Equity security in the form of fungible units of partnership interests in the segregated portfolio of the fund series.

$1,000.00 USD per unit

Juro Inc

Open-Ended 

Par Value

(NAV + Accruals) or (the Market Price as published by the stock exchange of the listing, if listed).

1,000 units

The units are being sold on a continuous and open-ended basis, with a par net asset value of $1,000.00 per unit.

Single asset type. Portfolio of business loans that use the BUSICLINT™ standardized terms and conditions. BUSICLINT™ is an open-ended interest-only loan facility where the interest rate is permanently fixed at 9.99% per year.

We will sell units using two different closing or “settlement” services, whenever available. The first service is direct settlement with the Juro Funds LLC, and the second is DTC settlement. For more information, see “Plan of Distribution” in the series offering particulars. 

In direct settlement with the Juro Funds LLC, the minimum purchase amount is 10 units. Additional units in excess of 10 units may be purchased from the series securities issuer in any number of whole units. In DTC Settlement, the minimum purchase amount is 100 units. Additional units in excess of 100 units may be purchased in any number of whole units.

An in-kind payment of a minimum value of $100,000 of business loans that use the BUSICLINT™ standardized terms and conditions, per basket creation. The basket creation minimum represents 100 units of the BUSICLINT™ Series at the par net asset value per unit of the series. Monthly basket creations are expected, however that frequency may be increased depending upon the deal origination needs of this segregated series.

Pro rata participation in profit sweeps of 80% of revenues on a monthly or quarterly basis, as declared by the fund manager. Voting rights of one vote per unit. Pro rata participation on liquidations in the event of a winding up or dissolution.

Redemptions available monthly at the fixed formula price of (NAV + Accruals) where redemptions are exclusively paid in juro USD only (the "USDJ" stable coin). Redemption Amount is the Par Value following monthly profit sweep distributions of Gross Receipts of the fund series. 

This series offers two in-kind redemption options:

1) in juro USD (or applicable sub-series currency) at the NAV published on the redemption date; or 

2) in JRSP Series units at the NAV published on the redemption date. 

Redemptions for juro USD (or applicable sub-series currency) are available quarterly where the applicable series of juro Digital Money shall be distributed to the redeeming unitholder’s nominated account in the Juro Central Network™ or the Juro Decentralized Network™. The juro USD is pegged to the US dollar on a one to one basis, as per the juro Digital Money offering circular and the irrevocable trust deed of the Juro Organization, which are included in this document by reference. 

Redemptions for JRSP Series units are available quarterly with the US dollar NAV price used as the basis for the in-kind redemption on a one to one basis (ie $1,000.00 NAV of BUSICLINT™ Series redeems for $1,000.00 NAV of JRSP Series).

There is a 10 unit redemption minimum for this series.

The segregated portfolio of this series of the partnership is held by a series-specific irrevocable trust that is not actively managed, has no board of directors, and passively holds the strictly defined standardized portfolio and distributes all gross revenues to the holders of this series of the partnership in accordance to the distributions of the series. The units of BUSICLINT™ series are created in baskets only with the in-kind payment of business loans that use the BUSICLINT™ standardized terms and conditions, or business loans that allow for the borrowers to adopt the BUSICLINT™ standardized terms and conditions. There shall be no deductions, no underwriting discounts, and no offering expense reimbursements for capital expenditures used from the proceeds of the basket creations or primary market sales.

There are no annual fees charged on any of the series’ assets. No load or sales surcharges charged by the fund for primary market sales of the BUSICLINT™ Series units. If redeemed for juro Digital Money, there is a 3% redemption fee the BUSICLINT™ Series unit holder pays in-kind with the applicable currency denomination of juro Digital Money relating to the segregated BUSICLINT™ Series portfolio. If redeemed for JRSP Series units, there is a 3% redemption fee paid in-kind with the resulting JRSP Series units issued.

All management fees, servicing fees, and administrative expenses are subject to the Juro Revenue Sharing Program which are deducted from the 20% of gross capital gains and receipts of the series portfolio as a perpetual royalty.

Distributions are to be made to investors quarterly (in March, June, September and December) within 30 days after the end of the quarter, as profit sweeps which are subject to terms and conditions outlined in the series prospectus. 

Cash and in-kind distributions are automatically reinvested through our Dividend Reinvestment Program (DRIP); however, you may choose to opt-out of the DRIP at any time to receive the distributions in cash or in-kind, as applicable.

BUSICLINT™ is an open-ended interest-only loan facility where the interest rate is permanently fixed at 9.99% per year. The subscribing loan originators and subsequent Unitholders are entitled to:

• 80% of the Gross Receipts of the segregated BUSICLINT™ Series Portfolio; and
• 100% of the principal Net Asset Value (per unit) as, and when, the respective units are retired or redeemed.

These amounts are paid to unitholders as quarterly profit sweep distributions in the form of a perpetual royalty. These payments may resemble corporate dividends but are taxed differently. This is because they are treated as a return of capital to the partner (rather than income) and thus reduce the partner's basis with each distribution. This allows for the use of depreciation and tax losses, when applicable.

The series offers investors the irrevocable opportunity to redeem a minimum of 10 units and no maximum number of units on a quarterly basis (in March, June, September and December), subject to terms and conditions outlined in this prospectus. For redemptions, unitholders capture 100% of the legal outstanding value of the underlying standardized portfolio and accruals on a pro rata basis, less the 3% redemption fee. Alternatively, investors can sell units in the open market through their Broker-Dealer / financial services provider, as per Rule 144a. If sold in such a transaction, unitholders shall capture the market price for the units and incur transaction settlement costs and commissions charged by their  Broker-Dealer / financial services provider; this net amount may be a premium or a discount to the NAV of the units.

(Total Portfolio Income Accruals / # outstanding series units) +

($1,000.00 par per unit)

EUR pricing formula = (USD Price) * (EUR/USD FOREX Price)

GBP pricing formula = (USD Price) * (GBP/USD FOREX Price)

JPY pricing formula = (USD Price) * (JPY/USD FOREX Price)

CNY pricing formula = (USD Price) * (CNY/USD FOREX Price)

KRW pricing formula = (USD Price) * (KRW/USD FOREX Price)

HKD pricing formula  = (USD Price) * (HKD/USD FOREX Price)

TWD pricing formula = (USD Price) * (TWD/USD FOREX Price)

BTC pricing formula = (USD Price) * (BTC/USD COMMODEX™ Price)

All sales in the secondary market are subject to Rule 144a of the Securities Act of 1933, as amended, unless a public listing on a regulated stock exchange occurs or unless another exemption exists (ie Rule 144, Regulation S, etc).

As per subscription 

As per subscription. Trades in the secondary market are restricted in accordance to Rule 144a and generally are required to settle in two business days, unless the parties to such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Units prior to two business days before settlement will be required, by virtue of the fact that the Units initially will settle in three business days (T+3), to specify alternative settlement arrangements to prevent a failed settlement. 

Perpetual

80%

20%

30 / 360 

Profit sweeps of the perpetual royalty accrual payments, as applicable, will be made by direct deposit to the account you designate in your Subscription Agreement if you purchase BUSICLINT™ Series units through direct settlement with Juro Funds LLC. If you purchase BUSICLINT™ Series units through DTC settlement or other settlement method, said payments will be made to your brokerage or custodial account through DTC or the respective settlement system.

We may call and redeem the entire outstanding principal balance and accrued but unpaid profit sweeps of the perpetual royalties that have accrued, or alternatively, at the then-quoted market price if it is higher than the NAV + Accruals. Such call or redemption shall be applicable to any or all of the BUSICLINT™ Series units at any time without penalty or premium. BUSICLINT™ Series units holders will have the irrevocable right to require us to redeem the BUSICLINT™ Series units as per the redemption provisions of the series, as defined herein.

In our sole discretion, we may accommodate other requests to redeem any BUSICLINT™ Series units prior to the scheduled redemption dates. If we agree to redeem BUSICLINT™ Series units upon the request of a holder (i.e. in connection with death, bankruptcy or total permanent disability), we may impose a redemption fee of 6% against the par value and royalty accruals against the balance of the BUSICLINT™ Series units redeemed, which fee will be subtracted from the amount paid in juro USD or JRSP Series units, as applicable.

There is no existing market for the BUSICLINT™ Series units and we do not anticipate that a secondary market for the BUSICLINT™ Series units will develop. We intend to apply for listing of the BUSICLINT™ Series units on a securities exchange or for quotation of the BUSICLINT™ Series units on a automated dealer quotation system or Alternative Trading System (“ATS”), however no public sales shall be permitted prior to a registration statement being filed with the US Securities and Exchange Commission and said registration statement becoming effective. 

Nevertheless, at this time you are permitted to sell, transfer, or pledge BUSICLINT™ Series units in accordance with the exemptions provided in Rule 144a, Rule 144, and other exemptions of the Securities Act of 1933.

The BUSICLINT™ Series units will constitute the only ownership interests in the segregated portfolio and perpetual royalties exclusive to this series’ unitholders which are held by an irrevocable trust which this partnership is the beneficiary of. Said irrevocable trust deed is incorporated into this document by reference. In accordance to said irrevocable trust deed, Juro Inc, one of the partners of the General Partner, is the trustee of the irrevocable trust and performs the duties of trustee for no further compensation. The trustee, the LLC, and the General Partner are barred from issuing any debt against, or otherwise encumbering, the segregated portfolio and perpetual royalties to which this series is entitled. The payment of the Profit sweeps of the perpetual royalty accruals shall be on a quarterly basis without fee or levy. 

See “Description of the Units — Ranking” in the series offering particulars for further information.

The units may be issued in book-entry form, certificated form, or in the form of a global certificate deposited with a depositary.

An investment in the units involves significant risks, including the risk of losing your entire investment, and may be considered speculative.  For a summary of risks relating to this offering and our Company and business, please see “Risk Factors” in the series offering particulars.

Settlement is not contingent on the settlement of the concurrent offerings. 

None. ATS by request. And if approved by unitholders at annual meeting, OTC or Listing in 24 months.

506(c), 144, 144a, and S 

None. A credit rating is not a recommendation to buy, sell or hold securities, and it may be subject to revision or withdrawal at any time by the assigning rating organization.