Ann: Response to ASX Query Letter, page-655

Gidday ISX, we here at guts would like to use your services. We believe we will be looking to process $1m through your world leading patented technologies.

Sure guts, we've checked you out, that will be a $50k Merchant sign up fee and 200bps per transaction.

Oh and by the way guts, should you have under or over estimated your processing amount, your Merchant sign up fee and bps will be adjusted in accordance with terms of trade.

By the way guts, use it or loose it.

Gidday guts, congratulations, we noticed that your processing turnover, it's actually $2m, attached is our account for merchant signup fee pay scale 2 and also we are pleased to advise that your rate has been reduced to 175bps accordingly.

Thanks ISX, your world leading kyc patented technology and speed to customer onboarding has doubled our sales, you guys are the best.

So your statement is actually correct, they have contracted merchants!

Now due to the extreme growth of ISX they report actual GPTV not forecast.

dyor glta