Fee Schedule

This Fee Schedule sets forth the standard fees applicable to Kilo Reserve accounts. The two primary fees are a transaction spread and an annual storage fee. Other situational fees are set out below. Specialized arrangements — including non-standard metals, custody structures, storage locations, or delivery requirements — may carry different fees, which are agreed with the trade desk at the time of transaction and confirmed in trade documentation. Fees are earned when incurred, are non-refundable except as expressly stated in the Customer Agreement, and may be deducted automatically from account balances.

Kilo Reserve does not charge management fees on directly held metal, performance fees, account opening fees, account maintenance fees, minimum servicing fees, or fees for standard statements and reporting. Independent verification of holdings is performed at Kilo Reserve’s expense. Client compensation to Kilo Reserve is limited to the transaction spread, the annual storage and custody fees, and the situational fees expressly set out in this Fee Schedule.

Kilo Reserve earns a transaction spread — the difference between the buy and sell price — on each transaction. The spread reflects current physical market conditions, wholesale transaction costs, market liquidity, and custody and logistics expenses. The applicable spread is agreed with the trade desk and disclosed in the quoted price before you commit to a transaction. There are no separate commissions.

Storage and custody fees accrue daily and are billed monthly from your cash balance.

• Copper (direct physical custody): 1.0% per year
• Aluminum (direct physical custody): 1.0% per year
• Warrant-based custody (COMEX/LME): Kilo Reserve charges a management fee that varies by metal, not to exceed 0.50% (50 basis points) per year. Exchange warehouse charges for warrant-held metal are separate and are determined by the exchange-approved warehouse.
• Other metals: agreed with the trade desk at the time of transaction and confirmed in trade documentation

If your cash balance is insufficient to cover storage and custody fees, Kilo Reserve will contact you to arrange a top-up via wire transfer. If the balance remains insufficient after notice, Kilo Reserve may liquidate a portion of your holdings to satisfy outstanding fees, as permitted by the Customer Agreement.

Accounts are funded and withdrawals are paid by wire transfer only.

• Incoming wires: no fee
• Outgoing wires: $25 per wire

Physical delivery is available for qualifying positions. All delivery-related costs — including handling, freight, transit insurance, customs, and import duties — are the Client’s responsibility and are confirmed by the trade desk before commitment. Estimated delivery costs must be pre-funded before release of metal.

Kilo Reserve charges no flat fee to cancel an order. However, where an order has been executed or hedged in the market and is subsequently cancelled, the Client is responsible for any resulting Market Loss, as defined in the Customer Agreement.

All fees are exclusive of taxes, duties, tariffs, and other governmental charges. Sales tax treatment varies by custody structure and storage facility; the trade desk will discuss specific implications before transaction commitment. The Client is responsible for all applicable taxes. Kilo Reserve does not withhold taxes except where required by Applicable Law.

Holdings remain the Client’s property and in institutional custody at all times, regardless of account activity. Kilo Reserve does not charge a fee for long-term passive holding. Where required by unclaimed-property (escheatment) laws, Kilo Reserve will follow the applicable statutory process, including outreach to the Client, before any action is taken.

Fees for non-standard metals, custody structures, storage locations, or delivery requirements may differ from the standard rates above. All such fees are agreed with the trade desk at the time of transaction and confirmed in trade documentation.

Kilo Reserve may revise this Fee Schedule from time to time. Changes will be published on the Website and take effect no earlier than 30 days after notice to Clients, except where immediate changes are required by Applicable Law or to address urgent compliance or operational concerns.