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Fee Schedule

Entity: ShipFinex FZCO | IFZA Licence No. 23787

Regulatory Status: VARA In-Principle Approval No. IPA/26/01/002 (VA Broker-Dealer Services)

Settlement Currency: USDC (all fees and transaction amounts are denominated in USDC)

Version: 1.0 | Effective Date: 01 May 2026

TRANSPARENCY

All applicable fees are displayed to Clients on the transaction confirmation screen before any order is executed. No transaction is processed without Client confirmation. By confirming a transaction, Clients authorise deduction of the applicable fees.

1. Introduction

This Fee Schedule sets out all fees and charges applicable to Clients of ShipFinex FZCO in connection with the ShipFinex Platform. ShipFinex FZCO is committed to full transparency in pricing. All fees are stated in USDC, which is the sole denomination and settlement currency on the Platform.

This Fee Schedule forms part of the Client Agreement and should be read together with the Platform Terms of Use, Risk Disclosure Statement, and the Offering Prospectus applicable to any individual Maritime Asset Token (MAT) investment.

This Fee Schedule will be updated prior to the launch of new features or services. Clients will be notified of any changes in accordance with the notice provisions in the Terms of Use.

2. Primary Market Fees

The following fees apply to primary market transactions — the purchase and issuance of MATs during initial vessel offerings.

Fee Type	Rate	Paid By	Description
Investment Transaction Fee	1.25%	Investor	Charged on each MAT purchase transaction in a primary offering. Applied to the USDC transaction amount at the point of order confirmation.
Offering Transaction Fee	1.25%	Asset Owner / Shipowner (SPV)	Charged on each MAT issuance / sale by the SPV in a primary offering. Applied to the total USDC proceeds received by the SPV.
USDC On-Ramp (Fiat-to-USDC)	No ShipFinex fee	Investor	ShipFinex FZCO does not charge for USDC acquisition in connection with MAT investment activity. Third-party banking or transfer fees may apply depending on the Client's payment method and bank. USDC on-ramp is provided solely to facilitate MAT investment and is not offered as a standalone service.
USDC Inbound Transfer	No fee	Investor	No ShipFinex charge for transferring USDC to your Fireblocks wallet to fund MAT purchases or to receive MAT sale proceeds. USDC transfers are part of MAT settlement activity.
USDC Outbound / Withdrawal	No fee	Investor	No ShipFinex charge. Standard Polygon network gas fees apply and are borne by the Client. USDC withdrawals are processed as part of platform settlement activity in connection with MAT transactions.
Account Opening	Free	—	No charge to register and maintain a ShipFinex account.
Account Maintenance	Free	—	No recurring account or custody fees. ShipFinex FZCO does not hold Client virtual assets and therefore does not charge custody or safekeeping fees.

3. Secondary Market Fees

COMING Q4 2026

Secondary market trading — peer-to-peer MAT trading between verified Clients — is under development and expected to launch in Q4 2026. The secondary market fee schedule will be published at least 30 calendar days before launch. No secondary market fees apply until the feature is live.

When launched, secondary market fees will be published in this Fee Schedule and in the Platform. Clients will be given at least 30 calendar days' written notice before any new secondary market fee takes effect.

4. Income Distribution

Net vessel earnings (charter hire less operating costs, as determined at SPV level) are distributed to MAT holders in USDC. ShipFinex FZCO does not charge a separate income distribution fee. Distribution frequency and mechanics are set out in the Offering Prospectus for each vessel offering.

Any costs associated with income calculation, SPV administration, and vessel management are borne at SPV level and are reflected in the net distributable amount, not charged separately to Clients by ShipFinex FZCO.

5. Blockchain Network (Gas) Fees

Transactions on the Polygon network may incur gas fees payable to Polygon network validators. These fees are set by the Polygon network and are outside ShipFinex FZCO's control. Polygon gas fees are currently low but may fluctuate. Gas fees, where applicable, are displayed at the time of transaction and are borne by the transacting Client. ShipFinex FZCO does not mark up or profit from gas fees.

6. Accepted Payment Methods

ShipFinex FZCO currently accepts the following methods for funding Platform activity:

Bank wire / SWIFT transfer (fiat) — routed via ShipFinex FZCO's UAE operational transit account. No ShipFinex fee; standard banking fees from the Client's own bank may apply.
On-chain USDC transfer from an external Polygon-compatible wallet — no ShipFinex fee; standard gas fees apply.

Card payments and other alternative payment rails are not currently available on the Platform.

7. Fee Modification Policy

ShipFinex FZCO reserves the right to revise this Fee Schedule. In accordance with VARA's requirements for fair client agreements and the Platform Terms of Use, ShipFinex FZCO will provide Clients with at least 30 calendar days' written notice of any fee changes via registered email and in-Platform notification.

Continued use of the Platform after the expiry of the notice period constitutes acceptance of the revised fees. Clients who do not accept a revised fee schedule may close their account and withdraw their virtual assets at no additional charge during the notice period.

8. No Hidden Fees

ShipFinex FZCO does not charge any fee that is not disclosed in this Fee Schedule or agreed in writing at the point of transaction. All applicable charges are displayed on the transaction confirmation screen before any order is executed. No transaction is processed without explicit Client confirmation.

9. Refund Policy

Transaction fees are non-refundable once a transaction has been confirmed by the Client and submitted to the Polygon blockchain. On-chain transactions are irreversible once confirmed. Where a transaction fails before blockchain confirmation, any applicable fee will not be charged. For queries about specific transactions, contact [email protected]

10. Regulatory Disclaimer

REGULATORY NOTICE

ShipFinex FZCO holds VARA In-Principle Approval No. IPA/26/01/002 for VA Broker-Dealer Services. This is an In-Principle Approval, not a final VARA VASP Licence. MATs are VARA-regulated virtual assets representing fractional beneficial interests in real-world maritime assets. MAT values may decline materially below purchase price. This Fee Schedule does not constitute financial advice. Clients should conduct their own due diligence and consult independent advisers before investing.

For the complete risk disclosure applicable to MAT investments, refer to the Risk Disclosure Statement and the Offering Prospectus for each vessel offering, both available at shipfinex.com/legal.

11. Contact

For questions about fees or any other matter:

General enquiries: [email protected]
Compliance matters: [email protected]
Website: www.shipfinex.com

Document Control

Document ID	WEB-FEE-001
Version	1.0
Effective Date	01 May 2026
Supersedes
Review Cycle	Annual or upon fee structure change