Common use of Price Calculation Clause in Contracts

Price Calculation. You agree that the price for any purchase or redemption of Gold for any transaction within your Gold Farm Account will be based on the Best Bid or Offer (“BBO”) in each respective vault location as reflected by the pricing engine. You accept that the pricing engine collects and distributes real-time prices from bullion counterparties quoting bids and offers for the purchase or sale of physical bullion at each respective vaulting location where Gold Farm maintains a Vault. These prices are reproduced on the Gold Farm Website continuously, with the live price displayed, being the average of the BBO at any given time. The price at which Gold Farm will sell to you is the BBO plus the applicable rate. However, should you make a purchase of 20 grams or less, the transaction fee applied shall be 1% or the applicable rate, whichever is greater. The exception is for transactions occurring on weekends and holidays in New York when there is no BBO quotation from counterparties, at which time the rate will be the rate posted on the Gold Farm Website. Price engine prices will reflect the internal liquidity provided by the Gold Farm market making operations and a purchase quote will be provided to you within your order at the time of you making your transaction for transactions occurring from Friday at 5:01pm EST to Sunday 6:29pm EST.

Price Calculation. You agree that the price for any purchase or redemption of Gold precious metals for any transaction within your Gold Farm Account will be based on the Best Bid or Offer (“BBO”) in each respective vault location as reflected by the pricing engine. You accept that the pricing engine collects and distributes real-time prices from bullion counterparties quoting bids and offers for the purchase or sale of physical bullion at each respective vaulting location where Gold Farm maintains a Vault. These prices are reproduced on the Gold Farm Website continuously, with the live price displayed, being the average of the BBO at any given time. The price at which Gold Farm will sell to you is the BBO plus the applicable rate. However, should you make a purchase of 20 grams or less, the transaction fee applied shall be 1% or the applicable rate, whichever is greater. The exception is for transactions occurring on weekends and holidays in New York when there is no BBO quotation from counterparties, at which time the rate will be the rate posted on the Gold Farm Website. Price engine prices will reflect the internal liquidity provided by the Gold Farm market making operations and a purchase quote will be provided to you within your order at the time of you making your transaction for transactions occurring from Friday at 5:01pm EST to Sunday 6:29pm EST.