Sponsor’s Fee Clause Samples

Sponsor’s Fee. (i) The Trust shall pay to the Sponsor a fee (the “Sponsor’s Fee”), payable in ZEC (except as provided in Section 6.8(a)(iv)), which shall accrue daily in U.S. Dollars at an annual rate of 2.5% of the NAV Fee Basis Amount of the Trust as of 4:00 p.m., New York time, on each day; provided that for a day that is not a Business Day, the calculation shall be based on the NAV Fee Basis Amount from the most recent Business Day, reduced by the accrued and unpaid Sponsor’s Fee for such most recent Business Day and for each day after such most recent Business Day and prior to the relevant calculation date. The amount of ZEC payable in respect of each daily U.S. Dollar accrual shall be determined by reference to the same Reference Rate Price used to determine such accrual. The Sponsor’s Fee is payable to the Sponsor daily in arrears. (ii) Except as provided in Section 6.8(a)(iv), to cause the Trust to pay the Sponsor’s Fee, the Sponsor shall instruct the Custodian to withdraw from the ZEC Account the number of ZEC equal to the accrued but unpaid Sponsor’s Fee and transfer such ZEC to the Sponsor’s account designated by the Sponsor at such times as the Sponsor determines in its absolute discretion. (iii) After the payment of the Sponsor’s Fee to the Sponsor, the Sponsor may elect to convert the ZEC it receives into U.S. Dollars. The Shareholders acknowledge that the rate at which the Sponsor converts such ZEC to U.S. Dollars may differ from the rate at which the Sponsor’s Fee was initially converted into ZEC. The Trust shall not be responsible for any fees and expenses incurred by the Sponsor to convert ZEC received in payment of the Sponsor’s Fee into U.S. Dollars. (iv) If the Trust holds any Incidental Rights and/or IR Virtual Currency at any time, the Trust may pay the Sponsor’s Fee, in whole or in part, with such Incidental Rights and/or IR Virtual Currency by transferring such Incidental Rights and/or IR Virtual Currency to the Sponsor; provided that the Trust shall use Incidental Rights and/or IR Virtual Currency to pay the Sponsor’s Fee only if such transfer does not otherwise conflict with the terms of this Trust Agreement. In the case of Incidental Rights and/or IR Virtual Currency such Incidental Rights and/or IR Virtual Currency shall be transferred at a value to be determined in good faith by the Sponsor. If the Trust pays the Sponsor’s Fee in Incidental Rights and/or IR Virtual Currency, in whole or in part, the amount of ZEC that would otherwise have be...

Sponsor’s Fee. The Company acknowledges that, pursuant to the Sponsor’s Engagement Letter, the Company shall pay a fee of US$500,000 (the “Sponsor’s Fee”) to the Sole Sponsor in connection with the Sole Sponsor acting as a sponsor to the Company in the listing of the Class A ordinary shares on the Main Board of the Stock Exchange,. The Company further acknowledges and agrees that the Sponsor’s Fee relates solely to services provided by the Sole Sponsor as the sponsor, and not any other services which it may provide, such as (without limitation) book building, pricing and underwriting and notwithstanding anything contrary in the Sponsor’s Engagement Letter and/or this Agreement, the Company shall pay the Sponsor’s Fee to the Sole Sponsor in addition to any amount payable by the Company pursuant to Clauses 6.1, 6.2 and 6.4 of this Agreement.

Sponsor’s Fee. (i) The Trust shall pay to the Sponsor a fee (the “Sponsor’s Fee”), which shall be in an amount set forth in the Prospectus but may be amended in accordance with Section 10.1 herein. The Sponsor’s Fee will accrue and be payable in U.S. Dollars. (ii) Except as provided in Section 6.8(a)(iv), to cause the Trust to pay the Sponsor’s Fee, the Sponsor shall instruct the Custodian to withdraw from the Bitcoin Account the number of Bitcoins equal to the accrued but unpaid Sponsor’s Fee and to direct the Prime Execution Agent to sell such Bitcoins and revert the proceeds to the Sponsor. The Trust shall be responsible for any fees and expenses incurred by the Sponsor to convert the Bitcoins received in the payment of the Sponsor’s Fee into U.S. Dollars. (iii) The Sponsor may, from time to time, temporarily waive all or a portion of the Sponsor’s Fee in its sole discretion or otherwise request a transfer of bitcoin to an account maintained for the Sponsor to pay the Sponsor’s Fee in lieu of the fee payable in U.S. Dollars, but is under no obligation to do so. (iv) As partial consideration for receipt of the Sponsor’s Fee, the Sponsor shall assume and pay the fees and other expenses incurred by the Trust that are set forth in the Prospectus as to be paid by the Sponsor out of the Sponsor’s Fee (each, a “Sponsor-paid Expense” and together, the “Sponsor-paid Expenses”), provided that any expense that qualifies as an Additional Trust Expense as set forth in Section 6.8(b) shall be deemed to be an Additional Trust Expense and not a Sponsor-paid Expense.

Sponsor’s Fee. For the services of the Sponsor as sponsor of the Offering and as full and complete compensation therefor, the Issuer will pay to the Sponsor the sum of $32,100 (inclusive of Goods and Services Tax), the receipt of which is acknowledged by the Sponsor. AG2432.386 [097]

Sponsor’s Fee. (i) The Trust shall pay to the Sponsor a fee (the “Sponsor’s Fee”), payable in ETC (except as provided in Section 6.8(a)(iv)), which shall accrue daily in U.S. Dollars at an annual rate of 3.0%2.5% of the ETC Holdings Fee Basis Amount of the Trust as of 4:00 p.m., New York time, on each day; provided that for a day that is not a Business Day, the calculation shall be based on the ETC Holdings Fee Basis Amount from the most recent Business Day. The amount of ETC payable in respect of each daily U.S. Dollar accrual shall be determined by reference to the same ETC Index Price used to determine such accrual. The Sponsor’s Fee is payable to the Sponsor monthly in arrears.