* All services can be performed separately.
* Price for Formation and Incorporation of necessary entity structure for Security Token Issuer including SPV(Cayman, BVI, Estonia, Swiss etc), USA, Europe etc. depends on the Project's details and can be discussed separately.
** Submission of an application to the U.S Securities Exchange Commission (SEC) under Regulation D or others depends on the Project's details and can be discussed separately.
*** During the implementation of the Project, it may be necessary to involve a local legal advisor in order to clarify in more detail the applicable regulatory rules or to go through the regulatory regime for placing tokens in a particular country. The involvement of a local legal advisor is further coordinated with the client. Payment for the services of a local legal advisor is carried out by the client.