Cboe Exchange, Inc. Fees Schedule - May 1, 2018

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1 Options Transaction s (1)(3)(4)(7)(15)(32)(39) Equity Options Rate Table (13) Transaction Per Contract Manual Electronic Non-Penny Penny Classes Classes Penny Classes Non-Penny Classes Customer C Clearing Trading Permit Holder Proprietary (11)(12)(16) Facilitation (11) Cboe Options Market-Maker/DPM/LMM (10) Broker-Dealer (16) Non-Trading Permit Holder Market Maker (16) Professional /Voluntary Professional /Joint Back-Office Complex Surcharge (35) AIM Agency/Primary (19) $ See Clearing Trading Permit Holder AIM Contra (18) CFLEX AIM Response (20) F L $ See Clearing Trading $0.43 $0.70 Permit Holder Cap Cap $0.07 F L M See Liquidity Provider Sliding Scale and Liquidity Provider Sliding Scale Adjustment Table B N $0.47 $0.75 $0.20 $0.07 W J $0.12 W Only $0.30 F J L M B N W $0.12 ETF and ETN Options Rate Table (13) Manual Transaction Per Contract Electronic AIM Agency/Primary Non-Penny Classes (19) Non-Penny AIM Contra (18) Penny Classes Penny Classes Classes Customer (2)(8)(9) C if original order size is 249 contracts or less $0.18 if original order size is 250 contracts or greater Clearing Trading Permit Holder Proprietary (11)(12)(16) F L $ See Clearing $ See Clearing Trading $0.43 $0.70 Trading Permit Holder Permit Holder Cap $0.07 Cap Facilitation (11) F L Cboe Options Market-Maker/DPM/LMM (10) M See Liquidity Provider Sliding Scale and Liquidity Provider Sliding Scale Adjustment Table Broker-Dealer (16) B Non-Trading Permit Holder Market Maker (16) N $0.47 $0.75 $0.20 $0.07 Professional /Voluntary Professional /Joint Back-Office W J $0.12 W Only $0.30 Complex Surcharge (35) F J L M B N W $0.12 CFLEX AIM Response (20) Index Options Rate Table - All Index Products Excluding Underlying Symbol List A (34) and Sector Indexes (47) Customer (2) XSP, MXEA and MXEF Only All Index Products Excluding Underlying Symbol List A (34) and Sector Indexes (47) Clearing Trading Permit Holder Proprietary (11)(12)(16) Facilitation (11) Cboe Options Market-Maker/DPM/LMM (10)(42) Broker-Dealer (16) Non-Trading Permit Holder Market Maker (16) Professional /Voluntary Professional /Joint Back-Office Surcharge (14) DJX, MXEA and MXEF Index License MNX and NDX CFLEX Surcharge (17) - DJX, MXEA, MXEF and XSP Only Exotic Surcharge (42) Exotic Surcharge (42) - XSP Only Complex Surcharge (35) C Manual Non-Penny Penny Classes Classes Penny Classes Transaction Per Contract Electronic AIM Agency/Primary Non-Penny Classes (19) $0.18 AIM Contra (18) CFLEX AIM Response (20) F L $ See Clearing $0.07 $ See Clearing Trading $0.43 $0.70 Trading Permit Holder Permit Holder Cap Cap F L M See Liquidity Provider Sliding Scale and Liquidity Provider Sliding Scale Adjustment Table B N $0.47 $0.75 $0.20 $0.07 W J $0.12 W Only $0.30 F J L M B N W $0.10 C F J L M B N W C $0.10 (capped at $250 per trade) $0.03 F J L M B N W $0.12 $0.18 For assistance, please contact the Cboe Helpdesk at (helpdesk@cboe.com). 400 South LaSalle Street Chicago, Illinois

2 Specified Proprietary Index Options Rate Table - Underlying Symbol List A (34) and Sector Indexes (47)(41) (Also applies to ETH)(37) Customer (2) Clearing Trading Permit Holder Proprietary (11)(12)(16)(40) Cboe Options Market-Maker/ DPM/LMM (10)(38)(42)(43) Joint Back-Office (45) Broker-Dealer (16) (45) Non-Trading Permit Holder Market Maker (16) (45) Professional/Voluntary Professional (45) Broker-Dealer (16) Non-Trading Permit Holder Market Maker (16) Professional/Voluntary Professional/Joint Back-Office Options Transaction s (1)(3)(4)(7)(15)(32)(39) Products VIX Only Transaction Per Contract by Premium Price SPX (incl SPXw) in ETH Only AIM Agency/Primary - $0.10 $ $0.99 $1.00+ AIM Contra (18) (19) OEX and XEO $0.40 OEX Weeklys, XEO Weeklys and Sector Indexes (47) $0.30 RUT, RLG, RLV, RUI, AWDE, FTEM, FXTM and C UKXM (40) SPX (incl SPXW) $0.35 $0.18 $0.44 See Rates to Left VIX and VOLATILITY INDEXES $0.10 $0.45 See Rates to Left Underlying Symbol List A (34) - See Cboe Options Clearing Trading Permit Holder Proprietary Products Sliding Scales F L Sector Indexes (47) See Rates to Left SPX (incl SPXW)(41) See SPX Liquidity Provider Sliding Scale RUT, RLG, RLV, RUI, AWDE, FTEM, FXTM, UKXM, OEX and XEO (40) VIX and VOLATILITY INDEXES (43)(45) Sector Indexes (47) OEX, XEO, SPX (incl SPXW), VIX, Volatility Indexes and Sector Indexes (47) RUT, RLG, RLV, RUI, AWDE, FTEM, FXTM and UKXM (40) RUT SPX (incl SPXW) (41) Index License OEX, RLG, RLV, RUI, AWDE, FTEM, FXTM, Surcharge (14) (41) UKXM, XEO, VIX, VOLATILITY INDEXES (Also applies to F J L M B N W (excluding GVZ, VXEEM, VXEWZ and OVX) and ETH)(37) Sector Indexes (47)(40) Product Research & Development - GVZ, VXEEM, VXEWZ and OVX CFLEX Surcharge (17)(40) C F J L M B N W Exotic Surcharge (42) C SPX Hybrid Execution Surcharge (SPX only) (15)(21) C F J L B N W Customer Priority Surcharge (31) (Also applies to ETH)(37) SPXW (electronic only) VIX (Maker non-turner) M B N W J C $0.05 $0.23 $0.20 See Liquidity Provider Sliding Scale and Liquidity Provider Sliding Scale Adjustment Table $0.40 Manual and AIM/ $0.65 non-aim Electronic $0.45 $0.16 $0.10 (This surcharge is waived, through June 30, 2018, for Sector Indexes (47) and for origin codes F and L for VIX transactions where the VIX Premium is $0.10 and the related series has an expiration of seven (7) calendar days or less.) $0.10 (capped at $250 per trade) $0.21 $0.10 $0.20 See Rates to Left SPX Liquidity Provider Sliding Scale (41) Tier Volume Thresholds Transaction Per Contract Cboe Options Market- Maker/LMM % % 2 Above 1.00% % 3 Above 4.00% % 4 Above 9.00% % 5 Above 15.00% M $0.28 $0.26 $0.24 $0.22 $0.20 Volume thresholds are based on total Market-Maker volume in SPX and SPXW. 2

3 Liquidity Provider Sliding Scale (10)(32) Tier Volume Thresholds % % Cboe Options Market- Maker/DPM/LMM 2 Above 0.05% % 3 Above 0.80% % 4 Above 1.50% % 5 Above 2.25% M Transaction Per Contract $0.23 $0.17 $0.10 $0.05 $0.03 Volume thresholds are based on total national Market-Maker volume in all underlying symbols excluding Underlying Symbol List A (34) during the calendar month. Applies in all underlying symbols excluding Underlying Symbol List A (34). Liquidity Provider Sliding Scale Adjustment Table (44) Make Rate Maker Rebate Taker Performance Non-Penny Tier (% Based on Prior Month) Penny Classes Penny Classes Non-Penny Classes Classes 1 0% - 50% $0.05 $ Above 50% - 60% $0.04 $0.07 Cboe Options Market- 3 Above 60% - 75% M ($0.01) $0.03 $0.05 Maker/DPM/LMM 4 Above 75% - 90% ($0.02) $ Above 90% ($0.03) Volume Incentive Program (VIP)(23)(36) Tier Percentage Thresholds of National Customer Volume in All Underlying Symbols Excluding Underlying Symbol List A (34), Sector Indexes (47), DJX, MXEA, MXEF, MNX, NDX, XSP and XSPAM (Monthly) Non-AIM Simple AIM Per Contract Credit Non-AIM Complex AIM 1 0% % Customer/Broker- Dealer/Professional/ Voluntary Professional/Joint Back-Office Above 0.75% % Above 2.00% % Above 3.00% % C B J W $0.10 $0.12 $0.15 $0.09 $0.10 $0.13 $0.21 $0.19 $0.24 $0.22 $ Above 4.00% $0.15 $0.14 $0.24 Volume for origins B, J and W will count towards tier qualification only. Credits on orders executed electronically in AIM will be capped at 1,000 contracts per order for simple executions and 1,000 contracts per leg for complex executions. Credits on orders executed electronically in HAL will be capped at 1,000 contracts per auction quantity. All contracts executed in AIM and all contracts executed in HAL will continue to be counted towards the percentage thresholds even if they exceed the 1,000 contract cap for VIP credits. Additionally, multiple simple orders from the same affiliated TPH(s) in the same series on the same side of the market that are executed in AIM or HAL within a 3 second period will be aggregated for purposes of determining the order quantity subject to the cap. For this aggregation, activity in AIM and HAL will be aggregated separately. The AIM aggregation timer will begin with an order entered into AIM and continue for 3 seconds, aggregating any other orders entered into AIM in the same series on the same side of the market by the same affiliated TPH. The HAL aggregation timer will begin at the start of a HAL auction and continue for 3 seconds, aggregating any other orders executed in HAL in the same series on the same side of the market for the same affiliated TPH. Any portion of the original order quantity that is executed outside of HAL will not be part of the aggregation or counted towards the 1,000 contract threshold. As of February 2018, a TPH will only receive the Complex credit rates for Complex volume if at least 40% of that TPH s qualifying VIP volume in the previous month was comprised of Simple volume. If not, then the TPH s Customer (C) Complex volume will receive credits at the applicable Simple credit rate only. Cboe Options Market- Maker/DPM/LMM (10) Affiliate Volume Plan (AVP)(23)(24) VIP Tier Reached M 1 MM Affiliate Access Credit 2 10% 3 15% 4 30% 5 35% Liquidity Provider Sliding Scale Credit 10% 15% 30% 35% 3 If a Market-Maker affiliate ( affiliate defined as having at least 75% common ownership between the two entities as reflected on each entity s Form BD, Schedule A)("Affiliate OFP") or Appointed OFP receives a credit under the Exchange s Volume Incentive Program ( VIP ), the Market-Maker will receive an access credit on their Market-Maker trading permit fees corresponding to the VIP tier reached. This credit will not apply to Market-Maker Trading Permits used for appointments in RUT, SPX, VIX, OEX and XEO. The Market-Maker will also receive a transaction fee credit on their sliding scale Market-Maker transaction fees, not including any additional surcharges or fees assessed as part of the Liquidity Provider Sliding Scale Adjustment Table.

4 Cboe Options Market- Maker/DPM/LMM Marketing (6) Product Line Penny Pilot Classes All Other Classes M Collection Per Contract $0.70 Cboe Options Clearing Trading Permit Holder Proprietary Products Sliding Scales (11)(32)(Also applies to ETH)(37) TABLE A - Proprietary Products Sliding Scale Tier Proprietary Product Volume Thresholds Clearing Trading Permit Holder Proprietary 25,000 ADV 69,999 ADV in all underlying symbols excluding Underlying Symbol List A (34) B3 0.00% % B2 6.51% % B1 Above 8.50% 70,000 ADV in all underlying symbols excluding Underlying Symbol List A (34) A2 0.00% % A1 Above 6.50% Tier VIX Volume Thresholds % % % % % % 4 Above 8.00% F L TABLE B - VIX Sliding Scale F L Transaction Per Contract $0.22 $0.18 $0.05 $0.18 $0.04 Transaction Per Contract $0.15 $0.05 $0.01 Clearing Trading Permit Holder Proprietary transaction fees and transaction fees for Non-Trading Permit Holder Affiliates (as defined in footnote 11) in Underlying Symbol List A (34) will be eligible for reduced rates using the sliding scales identified in Table A and Table B as follows. For each Clearing Trading Permit Holder, Cboe Options will assess the lesser amount of transaction fees calculated from either: A) the Proprietary Products Sliding Scale identified in Table A, for all activity in Underlying Symbol List A (34) during a calendar month, provided a Clearing Trading Permit Holder reaches certain ADV thresholds in all underlying symbols, excluding 1) Underlying Symbol List A (34), 2) any contracts for which a strategy cap has been applied (as defined in Footnote 13); or B) the sum of the Transaction fees from the application of the Proprietary Products Sliding Scale to all activity in Underlying Symbol List A (34) during a calendar month, excluding activity in VIX options, PLUS the transaction fees in VIX options as derived from Table B. For each, percentages are calculated by accounting for all volume in the respective products for each Table executed with an F or L, with volume in ETH aggregated with RTH volume for the same calendar month included for purposes of calculating the proprietary product volume thresholds and the reduced transaction fees per contract. Supplemental VIX Total Firm Volume Discount (11)(32)(Also Applies to ETH)(37) Clearing Trading Permit Holder Proprietary Tier VIX Firm Volume Percentage 0.00% % 7.01% % 11.01% % Above 15.00% F L Transaction Discount 0% 20% 30% 40% To determine a Clearing Trading Permit Holder's applicable discount, the Exchange will calculate a Clearing Trading Permit Holder s total proprietary order volume in VIX as a percentage of all Clearing Trading Permit Holders total proprietary order volume in VIX during a calendar month. Total proprietary order volume is calculated by accounting for all volume in VIX with an F or L, with volume in the Extended Trading Hours (ETH) aggregated with Regular Trading Hours (RTH) volume for the same calendar month included for purposes of calculating the VIX firm volume threshold and applicable transaction fee discount. The transaction fee discount percentage will apply to all of a Clearing Trading Permit Holder s transaction fees assessed for proprietary order volume in VIX during the calendar month. Clearing Trading Permit Holder Cap (11)(22) Execution Type (F) Per Contract Does Volume Count Toward $75,000 Cap? Count Toward Proprietary Product Sliding Scale? (C ) Volume of Paired Order Count for VIP? Electronic Penny (non-aim) $0.43 No Yes N/A Electronic Non-Penny (non-aim) $0.70 No Yes N/A Clearing Trading Permit Holder Proprietary Open Outcry QCC FLEX AIM Primary Order AIM Facilitation Contra Order AIM Solicitation Contra Order F L $0.20 Yes Yes No $0.17 Yes Yes No Yes Yes Yes $0.20 Yes Yes Yes $0.05 Yes Yes Yes $0.05 Yes Yes Yes Clearing Trading Permit Holder Cap Includes transaction fees assessed as part of a strategy cap (see Footnote 13). However, a Clearing Trading Permit Holder that has reached the Clearing Trading Permit Holder Cap in a given month would no longer be eligible for Strategy Rebates as defined in Footnote 13. Open Outcry Facilitation No Yes No Open Outcry Solicitation $0.20 Yes Yes No 4

5 Select Customer Options Reduction ("SCORe") Program (48) Tier Percentage of All Customer Retail Volume in Retail Volume Percentage in Qualifying Classes between 20.00% and 69.99% Qualifying Tier B Customer B3 0.00% % B2 Above 5.00% % $0.04 B1 Above 26.00% $0.08 Retail Volume Percentage in Qualifying Classes at or above 70.00% Qualifying Tier A C A5 0.00% % A4 Above 5.00% % $0.08 A3 Above 37.00% % $0.15 A2 Above 41.00% % $0.19 A1 Above 47.00% $0.23 Volume Multiplier Discount Per Retail Contract Symbol Multiplier MXEA/MXEF 99 XSP 99 RUT 2 The SCORe Program is for Retail, Non-FLEX Customer ( C origin code) volume in the following options classes: SPX (including SPXW), VIX, RUT, MXEA, MXEF & XSP ( Qualifying Classes ). The SCORe program is available to any Trading Permit Holder ( TPH ) ating Clearing Firm or non- TPH ating Clearing Firm. For this program, an ating Clearing Firm, will be defined as either (a) the executing clearing OCC number on any transaction which does not also include a Clearing Member Trading Agreement ( CMTA ) OCC clearing number or (b) the CMTA in the case of any transaction which does include a CMTA OCC clearing number. In order to participate, an ating Firm must complete the SCORe Registration Form by the second to last business day of the month preceding the month in which their participation in the SCORe program will commence. The Exchange will aggregate an ating Firm s volume with volume of their OCC clearing affiliates if such affiliates are reported to the Exchange via the SCORe Registration Form and there is at least 75% common ownership between the firms as reflected on each firm s Form BD, Schedule A. ating Firm will refer to both an ating Clearing Firm and any applicable affiliates. QCC Rate Table (13) Transaction Per Contract Per Contract Credit Customer Clearing Trading Permit Holder Proprietary (11)(12)(16) Cboe Options Market-Maker/DPM/LMM Broker-Dealer (16) C F L M B $0.17 $0.10 Credits will be delivered to the TPH Firm that enters the order into Cboe Command but will only be paid on the initiating side of the QCC transaction. Credits will be capped at $350,000 per month, per TPH. Credits of affiliated TPHs (TPHs with at least 75% common ownership between the firms as reflected on each firm s Form BD, Schedule A) will be aggregated for purposes of determining whether a TPH has met the QCC credit cap. Credits will not be paid on Customer (C) to Customer (C) executions. Non-Trading Permit Holder Market Maker (16) Professional /Voluntary Professional /Joint Back-Office N W J A QCC transaction is comprised of an initiating order to buy (sell) at least 1,000 contracts, coupled with a contra-side order or orders totaling an equal number of contracts. For complex QCC transactions, the 1,000 contracts minimum is applied per leg. Customer Large Trade Discount (27)(32)(Also applies to ETH)(37) Products VIX SPX (includes SPXW) Customer Other Index Options ETF and ETN Options Regular customer transaction fees will only be charged up to the listed quantity of contracts per order. Transaction s C Charge only first 15,000 Charge only first 20,000 Charge only first 5,000 Charge only first 3,000 For an order to be eligible to qualify for the discount, the order in its entirety must be executed in either ETH or RTH, but not both. Large Trade Discount (Also applies to ETH)(37)(45) Cboe Options Market-Maker/ DPM/ LMM Broker-Dealer (16) Non-Trading Permit Holder Market Maker (16) Professional /Voluntary Professional /Joint Back-Office Products VIX Regular transaction fees will only be charged up to the listed quantity of contracts per order. Transaction s M B N W J Charge only 175,000 5 For an order to be eligible to qualify for the discount, the order in its entirety must be executed in either ETH or RTH, but not both.

6 Trading Permit and Tier Appointment s (24)(25)(26)(37)(49) Type of Trading Permit or Tier Appointment Market-Maker Trading Permit Cboe Options Market- Maker/DPM/LMM/ Floor Broker Quoting Bandwidth RUT Tier Appointment SPX Tier Appointment Floor Broker SPX Surcharge VIX Tier Appointment Floor Broker VIX Surcharge Floor Broker Trading Permit Electronic Access Permit M M Access $5,000 per month $1,000 per month $2,000 per month $2,000 per month $9,000 per month $1,600 per month See Market-Maker Trading Permit Sliding Scale The fee is waived for the first Market-Maker Trading Permit through June 30, See Floor Broker Trading Permit Sliding Scale Electronic Access Permit - ETH $500 per month The fee is waived for the first Electronic Access Permit through June 30, Trading Permit s Market-Maker Entitles the holder to act as a Market-Maker (including a Market-Maker trading remotely), DPM, edpm or LMM. This Permit provides an appointment credit of 1.0, a quoting and order entry bandwidth allowance, up to three logins, trading Trading Permit floor access and Trading Permit Holder status. Market-Maker Trading Permit - ETH Entitles the holder to act as a Market-Maker in ETH. This Permit provides an appointment credit of 1.0, a quoting and order entry bandwidth allowance and up to three logins. SPX Tier Appointment Market-Maker Trading Permit - ETH $1,000 per month $3,000 per month $3,000 per month The allowance for a Market-Maker Trading Permit used for an appointment in any options classes other than SPX (including SPXW) is equivalent to a maximum of 40,500,000 quotes over the course of a trading session and the allowance for a Market-Maker Trading Permit used for an appointment in SPX (including SPXW) is equivalent to a maximum of 81,000,000 quotes over the course of a trading session. The allowance for an ETH Market-Maker Trading Permit that is not used for an appointment in SPX (including SPXW) is equivalent to a maximum of 37,500,000 and the allowance for a ETH Market-Maker Trading Permit used for an appointment in SPX (including SPXW) is equivalent to a maximum of 75,000,000 quotes over the course of a trading session. To the extent a Market-Maker is able to submit electronic quotes in SPX and/or SPXW, the Market-Maker shall receive the quoting bandwidth allowance to quote in, and only in, SPX and/or SPXW. In order for a Market-Maker Trading Permit to be used to act as a Market-Maker in SPX, including SPX Weeklys, the Trading Permit Holder must obtain an SPX Tier Appointment for that Market-Maker Trading Permit. Each SPX Tier Appointment may only be used with one designated Market-Maker Trading Permit. The SPX Tier Appointment fee will be assessed to any Market-Maker Trading Permit Holder that either (a) has an SPX Tier Appointment at any time during a calendar month and trades at least 100 contracts while that appointment is active; or (b) conducts any open outcry transactions in SPX or SPX Weeklys at any time during a calendar month. The SPX Tier Appointment fee will not be assessed to a Trading Permit Holder Market Maker who (i) does not have an SPX Tier Appointment, (ii) only executes SPX or SPX Weeklys open outcry transactions as part of multi-class broad-based index spread transactions, and (iii) submits the SPX Tier Appointment Exclusion for Multi-Class Broad-Based Index Spread Transactions Form within three business days of execution of the applicable spread transaction(s). Floor Broker SPX Surcharge An additional monthly fee of $3,000 per month will be assessed to any Floor Broker Trading Permit Holder that executes more than 20,000 SPX contracts during the month. If and to the extent that a Trading Permit Holder or TPH organization has more than one Floor Broker Trading Permit that is utilized to execute SPX options transactions, the SPX executions of that Trading Permit Holder or TPH organization shall be aggregated for purposes of determining this additional monthly fee and the Trading Permit Holder or TPH organization shall be charged a single $3,000 fee for the combined SPX executions through those Floor Broker Trading permits if the executions exceed 20,000 contracts per month. The SPX Surcharge will not be assessed to a Floor Broker Trading Permit Holder who (i) only executes SPX (including SPXW) options transactions as part of multi-class broad-based index spread transactions, and (ii) submits the SPX Tier Appointment Exclusion for Multi-Class Broad-Based Index Spread Transactions Form within three business days of execution of the applicable spread transaction(s). VIX Tier Appointment In order for a Market-Maker Trading Permit to be used to act as an electronic Market-Maker in RUT, the Trading Permit Holder must obtain a RUT Tier Appointment for that Market-Maker Trading Permit. Each RUT Tier Appointment may only RUT Tier Appointment be used with one designated Market-Maker Trading Permit. The RUT Tier Appointment fee will be assessed to any Market-Maker Trading Permit Holder that either (a) has a RUT Tier Appointment at any time during a calendar month and trades at least 100 RUT options contracts electronically while that appointment is active; or (b) trades at least 1,000 RUT options contracts in open outcry during a calendar month. Floor Broker VIX Surcharge Floor Broker Trading Permit Electronic Access Permit In order for a Market-Maker Trading Permit to be used to act as an electronic Market-Maker in VIX, the Trading Permit Holder must obtain a VIX Tier Appointment for that Market-Maker Trading Permit. Each VIX Tier Appointment may only be used with one designated Market-Maker Trading Permit. The VIX Tier Appointment fee will be assessed to any Market-Maker Trading Permit Holder that either (a) has a VIX Tier Appointment at any time during a calendar month and trades at least 100 VIX options contracts electronically while that appointment is active; or (b) trades at least 1,000 VIX options contracts in open outcry during a calendar month. An additional monthly fee of $2,000 per month will be assessed to any Floor Broker Trading Permit Holder that executes more than 20,000 VIX contracts during the month. If and to the extent that a Trading Permit Holder or TPH organization has more than one Floor Broker Trading Permit that is utilized to execute VIX options transactions, the VIX executions of that Trading Permit Holder or TPH organization shall be aggregated for purposes of determining this additional monthly fee and the Trading Permit Holder or TPH organization shall be charged a single $2,000 fee for the combined VIX executions through those Floor Broker Trading Permits if the executions exceed 20,000 contracts per month. Entitles the holder to act as a Floor Broker. This Permit provides an order entry bandwidth allowance, up to three logins, trading floor access and Trading Permit Holder status. Entitles the holder to electronic access to the Exchange. Holders must be broker-dealers registered with the Exchange in one or more of the following capacities: (a) Clearing Trading Permit Holder; (b) TPH organization approved to transact business with the public; (c) Proprietary Trading Permit Holder; and (d) order service firm. This permit does not provide access to the trading floor. A Proprietary Trading Permit Holder is a Trading Permit Holder with electronic access to the Exchange to submit proprietary orders that are not Market-Maker orders (i.e., that are not M orders for the Proprietary Trading Permit Holder s own account or an affiliated Market-Maker account). The Electronic Access Permit provides an order entry bandwidth allowance, up to three logins and Trading Permit Holder status. Electronic Access Permit - ETH Entitles the holder to electronic access to the Exchange during ETH. Holders must be broker-dealers registered with the Exchange in one or more of the following capacities: (a) Clearing Trading Permit Holder; (b) TPH organization approved to transact business with the public; and (c) Proprietary Trading Permit Holder. A Proprietary Trading Permit Holder is a Trading Permit Holder with electronic access to the Exchange to submit proprietary orders that are not Market-Maker orders (i.e., that are not M orders for the Proprietary Trading Permit Holder s own account or an affiliated Market-Maker account). The Electronic Access Permit provides an order entry bandwidth allowance, up to three logins. 6

7 Market-Maker Trading Permit Sliding Scale (24)(26) Tier From To Amount Per Month Per Permit Tier 1 Tier 2 1 Permit 11 Permits 21 or More Permits 10 Permits 20 Permits $5,000 $3,700 $1,800 The sliding scale will be available for all Market-Maker Trading Permits held by affiliated Trading Permit Holders and TPH Organizations that are used for appointments in any options classes other than RUT, SPX, VIX, OEX and XEO. To qualify for the rates in Tiers 1 and 2, a TPH must commit in advance to a specific tier that includes a minimum number of eligible MM Trading Permits for each calendar year. Floor Broker Trading Permit Sliding Scale (25)(26) Tier From To Amount Per Month Per Permit Tier 1 Tier 2 1 Permit 2 Permits 6 or More Permits 1 Permit 5 Permits $9,000 $5,000 $3,000 The sliding scale will be available for all Floor Broker Trading Permits held by affiliated Trading Permit Holders and TPH Organizations. To qualify for the rates in Tiers 1 and 2, a TPH must commit in advance to a specific tier that includes a minimum number of eligible FB Trading Permits for each calendar year. Order Entry Bandwidth Packet s for Trading Permit Holders s for Order Entry Bandwidth Packet(s) Assigned to Sponsored User Quoting and Order Entry Bandwidth Packet Order Entry Bandwidth Packet Bandwidth Packet s Trading Permit Holder Bandwidth Packets Quoting and Order Entry Bandwidth Packet Quoting and Order Entry Bandwidth Packet - ETH (37) 1st - 5th Packet 6th - 8th Packet 9th - 13th Packet 14th Packet and Each Additional Packet Order Entry Bandwidth Packet - ETH (37) Sponsored User Order Entry Bandwidth Packets 1st - 6th Packet 7th - 9th Packet 10th - 14th Packet 15th Packet and Each Additional Packet Amount Per Packet $2,750 per month $500 per month $1,600 per month $800 per month $400 per month $200 per month $250 per month Amount Per Packet Per Assigned Sponsored User $1,600 per month $800 per month $400 per month $200 per month Bandwidth Packet s Available to Market-Maker Trading Permit Holders. Entitles the holder to a quoting and order entry bandwidth allowance and up to three additional logins, which may then be added onto the total bandwidth pool for a Market-Maker s acronym(s) and Trading Permit(s). The quoting bandwidth allowance that is provided with a Quoting and Order Entry Bandwidth Packet is the same as the quoting allowance that is provided with a Market-Maker Trading Permit not used for an appointment in SPX (including SPXW). Available to all Trading Permit Holders. Entitles the holder to an order entry bandwidth allowance and up to three additional logins. A Trading Permit Holder may also obtain and assign to a Sponsored User of the Trading Permit Holder one or more Order Entry Bandwidth Packets. In that event, the fees for the assigned bandwidth packet(s) are assessed to the Trading Permit Holder and the bandwidth packet(s) may be utilized solely by the Sponsored User (and not by the Trading Permit Holder or any other Sponsored User). Bandwidth packet fees are non-refundable and are assessed through the integrated billing system during the first week of the following month. If a bandwidth packet is issued during a calendar month after the first trading day of the month, the bandwidth packet fee for that calendar month is prorated based on the remaining trading days in the calendar month. Bandwidth packets will be renewed automatically for the next month unless the Trading Permit Holder submits written notification to the Registration Services Department by the last business day of the prior month to cancel the bandwidth packet effective at or prior to the end of the applicable month. For ETH, the fee is waived for the first Quoting and Order Entry Bandwidth Packet and the first Order Entry Bandwidth Packet through June 30, ETH Executing Agent Subsidy Program A designated ETH executing agent will be eligible to receive a $5,000 monthly subsidy if it executes at least 1,000 contracts on behalf of customers (including public and broker-dealer customers) during ETH in a calendar month. To become a designated ETH executing agent, a TPH must submit a form to the Exchange no later than 3:00 p.m. on the second to last business day of a calendar month to be designated an ETH executing agent under the program, and thus eligible for the subsidy, beginning the following calendar month. The TPH must include on or with the form information demonstrating it maintains an ETH executing agent operation: (1) physically staffed throughout each entire ETH trading session and (2) willing to accept and execute orders on behalf of customers, including customers for which the agent does not hold accounts. The designation will be effective the first business day of the following calendar month, subject to the Exchange's confirmation the TPH's ETH executing agent operations satisfies these two conditions, and will remain in effect until the Exchange receives an from the TPH terminating its designation or the Exchange determines the TPH s ETH executing agent operation no longer satisfies these two conditions. Within two business days following the end of a calendar month, in order to receive the subsidy for that month, the designated ETH executing agent must submit to the Exchange (in a form and manner determined by the Exchange) documentation and other evidence it executed at least 1,000 contracts on behalf of customers during ETH that month. 7

8 Floor Brokerage s (1)(5)(15) OEX, XEO, RUT, RLG, RLV, RUI, Non-Crossed Orders AWDE, FTEM, FXTM, UKXM and SPX Index Options (40) Crossed Orders VIX and Volatility Index Options Non-Crossed Orders Crossed Orders Per Contract $0.04 $0.02 $0.03 $0.015 Tier Floor Brokerage s Discount Scale Total Monthly Floor Broker Contracts Traded in Qualifying Classes 0-250, ,001-1,500,000 1,500,001-5,000,000 5,000,001-7,500,000 % Discount on Qualifying Brokerage s 0% 3% 4% 5% Above 7,500,000 6% This discount is based on total monthly floor broker volume in OEX, XEO, RUT, SPX, SPXw, VIX and volatility index options. Once a volume threshold is attained during the month, the corresponding discount percentage will apply to all qualifying contracts. VIX, VXST and Volatility Index Options PAR Official s PAR Official s in All Other Classes PAR Official s (1)(15)(33) % Monthly Volume Executed Through PAR Tier Level Official in VIX and Volatility Index Options Classes Standard Orders % $ % $ % $ % $0.12 % Monthly Volume Executed Through PAR Tier Level Official in all Options Classes other than VIX Standard Orders and Volatility Index Options Classes % N/A % $ % $ % $0.04 Crossed Orders (Per Side) $0.015 $0.03 $0.045 $0.06 Crossed Orders (Per Side) N/A $0.01 $0.015 $0.02 Sponsored User s Type Registration Cboe Options Sponsored User Inactivity $2,500 (one time) $5,000 per month This fee is a one-time fee payable by a TPH organization for the registration of each of its Sponsored Users. The Sponsored User Program is governed by Cboe Options Rule 6.20A. This fee would be charged only if a Cboe Options Sponsored User is not software certified by Cboe Options and has not established a production network connection and passed a login test within 90 days of Cboe Options s acceptance of its Sponsored User registration status and would continue to apply until the Sponsored User has completed all of the foregoing requirements or the Sponsored User s registration status is withdrawn. Position Transfer $.02 per contract side This fee is charged for options positions transferred pursuant to Cboe Options Rule 6.49A. The fee is capped at $25,000 per transfer. For all on-floor transfers, both the position transferor (seller) and the transferee (buyer) are assessed a fee of $.02 per contract with a cap of $12,500 for each. If there are multiple transferees (buyers), each transferee is assessed a fee of $.02 per contract up to the $12,500 cap for the transferee side of the transfer package. 8

9 Sales Value Calculation of for Options Sales and Options Exercises Calculation of for Non-Options Sales Sales Value The Sales Value is calculated using the same formula as the formula above for options transactions, except as applied only to the Trading Permit Holder's covered sales other than those resulting from options transactions. The Sales Value ("") is assessed by Cboe Options to each Trading Permit Holder for sales of securities in the following circumstances: (i) when a sale in option securities occurs with respect to which Cboe Options is obligated to pay a fee to the SEC under Section 31 of the Exchange Act and (ii) when a sell order in option securities is routed for execution at a market other than on Cboe Options, resulting in a covered sale on that market and an obligation of the routing broker providing Routing Services for Cboe Options, as described in Cboe Options Rule 6.14B, to pay the related sales fee of that market. To the extent there may be any excess monies collected under this Section 6, the Exchange may retain those monies to help fund its general operating expenses. The Exchange may reimburse its routing broker for all Section 31-related fees incurred by the routing broker in connection with the Routing Services it provides. The sales transactions to which the applies are sales of options (other than options on a security index) and sales of securities resulting from the exercise of physical-delivery options traded on Cboe Options. The is collected either indirectly from Trading Permit Holders through their clearing firms by OCC on behalf of Cboe Options with respect to options sales and options exercises or directly from Trading Permit Holders with respect to on-floor position transfers between unaffiliated Trading Permit Holders. The amount of the is calculated as described below. The Sales Value is equal to (i) the Section 31 fee rate multiplied by (ii) the Trading Permit Holder's aggregate dollar amount of covered sales resulting from options transactions occurring on the Exchange during any computational period. Facility s (per month)(28) A copy of the Cboe Options Trading Floor Booth Policy is located at Booths Standard Booth Rental Non-Standard Booth Rental Perimeter OEX Dow Jones/MNX/VIX Base Booth Rental $1,250 $195 $5.00 per packet of 500 sheets $19.50 per roll $19.50 per roll $11 $120 $60 $16.50 $11 $30 $25 $15 A Trading Permit Holder ( TPH ) organization will pay non-standard booth rental fees on a monthly basis for use of a nonstandard booth. The fee a TPH organization will pay is the base booth rental fee plus the square footage fee, determined based on the size of the booth. Non-standard booths must be leased for a term of one year. A TPH organization that terminates its lease prior to its expiration date will, on the effective date of such termination, pay to the Exchange an amount equal to twenty five percent (25%) of the balance of the monthly charges remaining in the lease term. Early termination penalties will not be assessed for early termination of leases entered into prior to August 1, 2016 that are terminated by mutual agreement of the TPH organization and the Exchange. A TPH Organization shall be responsible for all costs associated with any modifications and alterations to any trading floor booths leased by the TPH Organization and shall reimburse Cboe Options for all costs incurred by Cboe Booth Pass-Through Options in connection therewith. Arbitrage Phone Positions $550 HP Laser Printer Paper Zebra Printer Paper Forms and Forms Storage Zebra Printer Ink Forms Storage Access Badges Floor Manager Badge Type Clerks Badge Issuance Replacement Badge - Access, Picture, ID or Acronym Unreturned Security Access Badge Charges Per Occurrence Temporary Badge - Non Trading Permit holder (per day) Temporary Badge - Trading Permit Holder (1st 3 free per year) Unreturned Temporary Badge Coat Room Services Coat Room Checking Charges Per Occurrence Lost or Damaged Jacket Per Month $550 $550 Square Footage (up to 1,000 sq. ft.) $1.70 (per sq. ft.) $16.50 $82.50 $11 9

10 Facility s (per month)(28) (continued) Communications Monthly Installation Relocation Removal Exchangefone $935 $129 $100 Exchangefone Maintenance $57 With Recorded Coupler Between Booths $126 Within Booth $25 Single Line Maintenance $11.50 In-Crowd Telephones (plus usage fee) Subscription Wireless Phone Rentals (plus usage Monthly $110 fee) Replacement/Repairs cost Lines Monthly Installation Relocation Removal Intra-Floor Voice Circuits $57.75 $16 $52.50 $36.75 New Circuits - First $120 $50 Appearances New Circuits Additional $18 $18 Exisiting Line Appearance - First $50 $50 $25 Exisiting Line Appearance Additional $18 $18 $18 Data Circuits at Local Carrier (entrance) $16 $52.50 $36.75 Lines Between Local Carrier and Communications Center (CC) $12.75 $550 Data Circuits at In-House Frame Lines Direct From Local Carrier to Trading Floor $12.75 $725 $625 $5 Lines Between CC and Trading Floor $12.75 $725 $625 Vendor Services Monthly Installation Relocation Removal Shelf for Equipment Data Circuits from Local Carrier to Equipment Shelf Lines from Equipment to Floor Technical Support Outside Normal Hours ($100/hour, 4 hr. min.) $100 $50 $50 Miscellaneous Monthly Installation Relocation Removal Handsets $79 Headset Jack $131 $58 $28 Recorder Coupler $150 new/$50 existing $25 $25 IPC (vendor) Time & Material (per hour) cost IPC (vendor) Time & Material Overtime (per hour) cost After Hours Technician Service (per hour, 4 hr. min.) $100 Market-Maker Handheld Terminal Tethering Services Market-Maker Handheld Terminal Tethering Services For Indexes $450 $900 $200 $200 Trading Floor Terminal Rentals Thomson/Other (Basic Service) PULSe On-Floor Workstation Monthly $425 See PULSe Workstation fees below. Satellite TV PAR Workstation $50 $125 Cboe Options Trading Floor Terminal $250 Installation $175, Relocation $225, Removal $125 PAR Workstation Replacement s Replacement Tablet $1,300 each Replacement Stylus Pens $100 each Replacement Chargers $75 each s are assessed only on items that are (1) lost or (2) damaged from non-normal wear and tear. Replacement Ethernet Adapters and Protective Cases $50 each 10

11 Facility s (per month)(28) (continued) Co-Location Co-Location of Equipment (per "U" inches) Co-Location of Equipment (per "U" inches)/sponsored User PULSe Workstation Monthly Workstation (Also applies to ETH)(37) Equity Order Reports PULSe-to-PULSe Routing Away-Market Routing Drop Copy (received by TPH customer) Drop Copy (received by non-tph customer) Non-PULSe-to-PULSe Routing (sent by TPH custmers) FIX Integration Drop Copy Start-Up FIX Integration Drop Copy Cancel $400/month (per non-tph login ID) Monthly $50 $100 $400/month (per TPH login ID for the first 15 login IDs) $100/month (per each additional TPH login ID) $250/month $50/month (per receiving TPH) $0.02 (per executed contract or share equivalent) $425/month (per sending TPH) $0.02/contract (capped at $400/month per receiving non-tph) $500/month (per receiving TPH) $500 (per sending TPH or receiving non-tph, as applicable) $500 (per sending TPH or receiving non-tph, as applicable) Routing Intermediary Certification $5,000 s are charged in increments of 4 "U" (7 inches) The fee is waived for the first month for the first new user of a TPH. The fee is waived for the first month for the first new user of a non-tph. If two or more TPHs make a PULSe login ID available to the same non-broker-dealer customer or to the same non-tph broker dealer, the non-tph login ID fee payable by each TPH will be reduced to $250 per month per login ID. This fee is payable by a TPH customer receiving drop copies and is $425/month for each TPH broker that sends the TPH customer drop copies via a PULSe workstation. This fee is payable by a TPH broker sending drop copies and is capped at $400/month for each non-tph customer to which the TPH broker sends drop copies via a PULSe workstation. This fee is payable by a TPH customer using a non-pulse order management system to send orders electronically to a TPH broker's PULSe workstation and is $500/month for each TPH broker with a PULSe workstation to which the TPH customer sends orders. TPH customers who request non-pulse-to-pulse order routing will also receive drop copies from its TPH brokers and must pay the monthly drop copy fee in addition to the in-bound addition fee. This fee is payable by the TPH responsible for the drop copy fee. If payable by a TPH customer, the fee is $500 for each TPH broker to which the TPH customer requests to connect for receipt of drop copies. If payable by a TPH broker, the fee is $500 for each TPH customer that requesting to connecto to the TPH broker for receipt of drop copies. This fee is payable by the TPH responsible for the drop copy fee. If payable by a TPH customer, the fee is $500 for each TPH broker for which the TPH customer requests to cancel the drop copy functionality. If payable by a TPH broker, the fee is $500 for each TPH customer of the TPH broker that requests to cancel the drop copy functionality. Livevol s Livevol Core X (LVCX) Per Month Per Login ID 0-10 $ $ $50 Application s by $40 Number of Login IDs $ ,000 $20 > 1,000 $15 Installation Cboe Options actual costs passed through to user LVCX users may sublicense LVCX to customers. Costs will be determined on a time and materials basis (per hour). Trade Processing Services (Also applies to ETH)(37) Matched Data 25 per contract side For billing purposes, fees will be rounded to the nearest $0.01 using standard rounding rules on a monthly basis. 11

12 Inactive Nominee Status Change (Trading Permit Swap) Trading Permit Holder Application s Individual (Trading Permit Holder/Nominee) $3,000 Joint Account (new joint account) $1,000 Non-Trading Permit Holder Customer Business $3,000 Order Service Firm $1,650 Associated Person $500 TPH Organization Application $5,000 Renewal/Change of Status $500 New Trading Permit Holder Orientation and Exam $500 Subject to Statutory Disqualification $5,000 Rule 19h- 1 Change in Status $1,650 Inactive Nominee Status (Per Quarter - Parking Space) $900 Submission before 4pm on the day prior to effective date $55 Submission ofter 4pm on the day prior to the effective date $110 Submission after 8am on the effective date $220 Fingerprint Processing $60 Trading Permit Transfer $500 TPH Organization Renewal $2,500 Initial Proprietary Registration $65 Annual Proprietary Registration $40 Application fees related to a TPH organization s structural change are capped at $10,000 (e.g. change from a limited partnership to a limited liability corporation). The Trading Permit Transfer is capped at $2,000 for a Trading Permit transfer request covering multiple Trading Permits. Regulatory s Options Regulatory ("ORF") (Also applies to ETH)(37)(46) DPM's and Firm Designated Examining Authority (Also applies to ETH)(37) Trading Permit Holder Regulatory The ORF is assessed by Cboe Options to each Trading Permit Holder for options transactions cleared by the Trading Permit Holder that are 81 per contract through cleared by The Options Clearing Corporation (OCC) in the customer range, regardless of the exchange on which the transaction occurs. Cboe January 31, 2018, 49 per Options uses reports from OCC when assessing and collecting the ORF. The fee is collected by OCC on behalf of Cboe Options from the contract effective February 1, Clearing Trading Permit Holder (CTPH) or non-ctph that ultimately clears the transaction. With respect to linkage transactions, Cboe Options 2018 reimburses its routing broker providing Routing Services pursuant to Cboe Options Rule 6.14B for options regulatory fees it incurs in connection with the Routing Services it provides. Subject to a monthly minimum fee of $1,500 for clearing firms and $400 for non-clearing firms As reported on quarterly FOCUS Report, $0.60 per $1,000 of gross revenue Form X-17A-5. Excludes commodity commission revenue. $90 per permit per month The Trading Permit Holder Regulatory is non-refundable and is assessed through the integrated billing system during the first week of the following month. If a Trading Permit is issued during a calendar month after the first trading day of the month, the Trading Permit Holder Regulatory for the Trading Permit for that calendar month is prorated based on the remaining trading days in the calendar month. Web CRD SM s The following fees will be collected and retained by FINRA via the Web CRD SM registration system for the registration of associated persons of Exchange Trading Permit Holder and TPH organizations that are not also FINRA members. General Registration s FINRA Non-Member Processing FINRA Disclosure Processing (U-4, U-5, Form BD & amendments) FINRA Annual System Processing Assessed only during Renewals Fingerprint Processing s Initial Submission Second Submission Third Submission Other Continuing Education s Qualification Examination Waiver Request $100 $110 $45 Per Card Paper Electronic $44.50 $29.50 $30.00 $15.00 $44.50 $29.50 $30.00 All Registration $55 $200 per exam waiver request For all Initial, Transfer, Relicense, Dual registration Form U-4 filings. This fee will also be generated upon refiling to Web CRDSM of Cboe Options only registered individuals. For all registration, transfer, or termination filings with new or amended disclosure information or that require certification as well as any amendment to disclosure information. Submitted by Trading Permit Holders or TPH organizations on behalf of their associated persons who have had their prints processed through a self-regulatory organization ( SRO ) other than FINRA. This fee is assessed to a Trading Permit Holder for each waiver request of a non-finra examination (e.g., Series 56 examination) submitted by the Trading Permit Holder. 12

13 Regulatory s Communication Review Regular Review Expedited Review 1) for printed material reviewed, $150 per submission, plus $25 for each page reviewed in excess of 5 pages; and 2) for video and audio media reviewed, $150 per submission, plus $25 per minute for each minute of tape reviewed in excess of 5 minutes. 1) for printed material reviewed, $1,000 per submission, plus $50 for each page reviewed in excess of 5 pages; and 2) for video and audio media reviewed, $1,000 per submission, plus $50 per minute for each minute of tape reviewed in excess of 5 minutes. Expedited review will be completed within five business days, not including the date the item is received by the Exchange, unless a shorter or longer period is agreed to by the Exchange. The Exchange may, in its sole discretion, refuse requests for expedited review. Tier Consolidated Audit Trail (CAT) - Funding s Industry Members (Other than Equity ATS) Percentage of Industry Quarterly CAT Members % $81, % $59, % $40, % $25, % $7, % $1, % $105 Tier Percentage of Equity Execution Venues Equity ATSs Quarterly CAT % $81, % $37, % $21, % $129 (a) Definitions. (1) For purposes of the Consolidated Audit Trail Funding s, the terms "CAT", CAT NMS Plan, Industry Member, NMS Stock, OTC Equity Security", "Options Market Maker", and Participant are defined as set forth in the Rule 6.85 (Consolidated Audit Trail (CAT) Compliance Rule Definitions). (2) ATS means an alternative trading system as defined in Rule 300(a) of Regulation ATS under the Securities Exchange Act of 1934, as amended, that operates pursuant to Rule 301 of Regulation ATS. (3) CAT means the Consolidated Audit Trail Funding (s) to be paid by Industry Members as set forth in paragraph (b) below. (4) Equity ATS is an ATS that executes transactions in NMS Stocks and/or OTC Equity Securities. (5) Equity Execution Venue means an Execution Venue that trades NMS Stocks and/or OTC Equity Securities. (6) Execution Venue means a Participant or an ATS (excluding any such ATS that does not execute orders). (b) Schedule. (1) The CAT NMS, LLC will assign each Industry Member (other than an Equity ATS) to a fee tier once every quarter, where such tier assignment is calculated by ranking each Industry Member based on its total message traffic (with discounts for equity market maker quotes and Options Market Maker quotes based on the trade to quote ratio for equities and options, respectively) for the three months prior to the quarterly tier calculation day and assigning each Industry Member to a tier based on that ranking and predefined Industry Member percentages. The Industry Members with the highest total quarterly message traffic will be ranked in Tier 1, and the Industry Members with lowest quarterly message traffic will be ranked in Tier 7. Each quarter, each Industry Member (other than an Equity ATS) shall pay the CAT corresponding to the tier assigned by the CAT NMS, LLC for such Industry Member for that quarter. (2) The CAT NMS, LLC will assign each Equity ATS to a fee tier once every quarter, where such tier assignment is calculated by ranking each Equity Execution Venue based on its total market share of NMS Stocks and OTC Equity Securities (with a discount for the OTC Equity Securities market share of Equity ATSs trading OTC Equity Securities based on the average shares per trade ratio between NMS Stocks and OTC Equity Securities) for the three months prior to the quarterly tier calculation day and assigning each Equity Execution Venue to a tier based on that ranking and predefined Equity Execution Venue percentages. The Equity Execution Venues with the higher total quarterly market share will be ranked in Tier 1, and the Equity Execution Venues with the lowest quarterly market share will be ranked in Tier 4. Each quarter, each Equity ATS shall pay the CAT corresponding to the tier assigned by the CAT NMS, LLC for such Equity ATS for that quarter. (c) Timing and Manner of Payments. (1) The CAT NMS, LLC will provide each Industry Member with one invoice each quarter for its CAT s as determined pursuant to paragraph (b) above, regardless of whether the Industry Member is a member of multiple self-regulatory organizations. Each Industry Member will pay its CAT s to the CAT NMS, LLC via the centralized system for the collection of CAT s established by the CAT NMS, LLC in the manner prescribed by the CAT NMS, LLC. (2) Each Industry Member shall pay CAT s within thirty days after receipt of an invoice or other notice indicating payment is due (unless a longer payment period is otherwise indicated). If an Industry Member fails to pay any such fee when due, such Industry Member shall pay interest on the outstanding balance from such due date until such fee is paid at a per annum rate equal to the lesser of (i) the Prime Rate plus 300 basis points, or (ii) the maximum rate permitted by applicable law. (d) Expiration. These Consolidated Audit Trail Funding s will automatically expire two years after the operative date of the amendment of the CAT NMS Plan that adopts CAT fees for the Participants. Miscellaneous Trading Floor Printer Maintenance Late Payment Penalty Market Maker Failure to Change Appointment or Failure to Meet In-Person Trading Requirements DPM requests for post modifications/equipment Crowd Space Dispute Resolution Hearing Catastrophic Error Review $75 prime rate $250 Cboe Options costs passed- $1,000 $5,000 Frequency Monthly Monthly Quarterly per hearing, per Trading Permit Holder Assessed to balances over 30 days old, per month, compounded Allowed 1 warning letter before fee is $1,000 per hearing for each party to the dispute and will escalate under certain circumstances pursuant to Cboe Options Rule 24.21(e). After the hearing is held and all rights of appeal are exhausted, the prevailing party in dispute shall obtain a refund of the Hearing from the Exchange. Assessed only if, after a request for review with the Exchange of a potential Catastrophic Error, an Official determines that a Catastrophic Error has not occurred. 13