1. INTRODUCTION

1.1. The purpose of the Description is to provide clarity to the Company's Customers on the determination and management of the Customers' fees and charges. This Description is designed to ensure fair pricing practices by implementing a transparent structure, ensuring that the Company's pricing is competitive, sustainable, and aligned with the quality of services provided.

1.2. This Description explains the Company's procedures established as a framework governing all fees assessed by the Company in connection with the provision of Exchange Services to the Customers.

1.3. In accessing and utilizing the Exchange Services provided by the Company, the Customers acknowledge that Processing Fees (as specified in Section 3 below) and third party fees (as specified in Section 4 below) shall apply to their orders, as implemented by the Company.

2. PROCESSING FEE

2.1. A Processing Fee shall be charged for the Exchange Services provided by the Company. The Processing Fee is assessed and applied on a case by case basis in a non-discriminatory manner, taking into account the Customer's risk assessment, business, market, and whether it is a company or an individual, subject to the rates listed below. The Processing Fee is calculated as a mark-up on the quote applicable for the exchange of respective crypto-assets on the Kraken exchange at the time of execution of an order by the Customer. The amount of Processing Fee applicable to a specific Customer is specified in the Customer Agreement concluded with that Customer.

3. BLOCKCHAIN FEES

3.1. A Blockchain Fee refers to the required crypto-currency amount imposed upon participants to execute and validate transactions on the applicable blockchain network. 

3.2.Blockchain Fees are not included in the Offer Price provided to the Customer. The Customer shall bear sole responsibility for any and all Blockchain Fees incurred in connection with any transaction involving the Exchange Services. 

4. MAINTENANCE

4.1. The Company is committed to maintaining oversight and monitoring of all implemented fees applied to the Customers. 

4.2. Any and all modifications to the Company's fee structure shall be subject to thorough evaluation to ensure conformity with the Company's long-term strategic objectives as well as legitimate interests of the Customers.

5. GENERAL PROVISIONS

5.1. The Description has been reviewed and approved by the CEO of the Company. 

5.2. Description may be subject to changes as required under the Applicable Law or otherwise if needed. If the Description is amended, the latest applicable version of the Description is always available on the Company's Website.