We have EPCs if customers break out of their fixed rate period (their contract with StrideUp early).

They have been reviewed by Mufti Faraz Adam at Amanah Advisors, who has confirmed they are acceptable and permissible.

Our EPCs are simply a repricing of the outstanding equity owned by StrideUp. StrideUp is selling the equity to you at a different rate where an EPC is triggered. This is therefore not a penalty, as you are paying for the equity.