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1. Payrix will ensure all disclosures to sub-merchants provided under the Code are presented in a clear, simple, and non-misleading manner.

2. Sub-merchant agreements will include a cover page containing: (i) an

   1. An information summary box that provides key elements of the contract in a consolidated fashion using the template set out in Addendum I to the Code;

   (ii) a

   2. A fee disclosure box using the template set out in Addendum I to the Code; and

   (iii) another

   2. Another fees disclosure box disclosing all other fees (e.g. monthly minimums) to be charged to the merchant. There is no prescribed template for the other fees disclosure box.

3. Payrix’s Partners are responsible for providing statements to the merchants through hard copy via post, soft copy via email, or using a merchant portal where applicable and available.

   1. Payrix will provide Partners billing information that includes the following Code requirements that must be developed into the Partner’s statement creation system during implementation and will be periodically tested to ensure controls are being met appropriately.

4. Effective merchant discount rate for each type of payment card from a PCNO network that the merchant accepts;

5. Interchange rates and, if applicable, all other rates charged to the merchants;

6. The number and volume of transactions for each type of payment transaction;

7. The total amount of fees applicable to each rate; and,

8. Details of each fee and to which PCNO they relate.

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