International Photography Exchange Trading, Help, FAQ

2. What are the stages of a transaction?

To conclude a transaction, we encounter the following steps in practice:

• 1. Intersecting, transparent, public, online 24/24 display of demand and supply in the same place;
• 2. 24/24 online negotiation in sight as a public browser auction of the price until it is fixed to complete the transaction;
• 3. Signing a written Agreement ( Contract ) which includes details regarding product delivery, payment, other clauses specific to each individual situation;
• 4. Payment.

For now, the www.iPhotoE.com Platform aims to solve the first two stages and provide general information assistance regarding the remaining stages. As the Platform develops, it aims to offer complete services for making a transaction.

3. About the Stock Exchange where photos are traded

3.1. The first need covered is to have a known place that helps seller meet potential buyers faster and easier;
3.2. An exchange facilitates transparent negotiation, visible on the Exchange Platform between the two parties, seller - buyer, while also establishing a market value for the photograph (photo archive);
3.3. When displaying a sale transaction, several purchase offers on the auction system can participate, so that the seller has the great advantage of maximizing his profit following this auction or, conversely, of being able to sell his product faster by displaying a decreasing price for an accelerated sale;
3.4. As a novelty for the photography area, with the emergence of a Stock Exchange, Daily Trader investors can appear in the photo market, who can boost the photo transaction market. The notion of Investment Asset for a photo is introduced here, in addition to its artistic and functional value for common use in various environments;
3.5. Following a spot transaction for a photograph, its market value is publicly established and thus long-term investors in photography as a work of art, collector's item, etc. can appear on the market;
3.6. A Central Photography Depository - International Repository of Photography Exchange Tranding ( PhotoREPO ) - is created, visible online and publicly accessible for free, which will display evidence of the market value of a photograph (or archive of photographs) following the transaction made on the Stock Exchange. So if we buy a photograph today and keep it over time as an asset, we will be able to revalue it in 10 years (it has a history in the PhotoREPO ) and re-introduce it on the Stock Exchange for sale.

4. What are the keywords that make up this online Platform?

SYMBOL, Product ID, Purchase Price, Sale Price, Sales Volume, Date, Profile, Sale/Purchase/Modification Order.

• 4.1. SYMBOL = abbreviation containing 4 characters and representing the unique identification code in the Platform of a buyer or seller;
• 4.2. Product ID = is a code that uniquely identifies a photo or a set of photos that is subject to a sale-purchase process;
• 4.3. Purchase Price = the price set by the buyer established as the Initial Purchase Offer and publicly proposed to be listed on the platform in order to participate in a sale-purchase process;
• 4.4. Sale price = the price set by the seller and publicly proposed to be listed on the platform in order to participate in a sale-purchase process;
• 4.5. Sale volume = the quantity of photos in the Archive with Product ID publicly proposed on the Platform in order to participate in a sale-purchase process;
• 4.6. Date = the date and time of entering the Sale/Purchase/Modification Order in the Platform;
• 4.7. Profile = LandingPage which is a web page that contains a UNIQUE symbol of a Buyer or Seller;
• 4.8. Sell Order = is the instruction transmitted electronically, by email, by which a photo owner tells the exchange: I want to sell a certain number of photos (attach a Preview file to the email), at a certain price publicly displayed on the BursaF Platform. It is the mechanism by which your desire to sell begins to look for a buyer in order to establish a real transaction between the two parties.
• 4.9. Buy Order = is the instruction transmitted electronically, by email, by which the purchase intention is publicly expressed on the BursaF Platform: I want to buy and I am interested in the Offer but at a certain price that will be publicly displayed on the BursaF Platform to start the negotiation regarding the seller's offer. It is the mechanism that triggers the transition to a price intersection between the demand and the supply and ends with the execution of a real transaction between the two parties.
• 4.10. Change Order = is the instruction transmitted electronically, via email, requesting a Price Change or Cancellation of an Order that is already publicly displayed in the market.

5. Contracts - edit the content according to each person's needs

The www.iPhotoE.com platform does not intervene and leaves the freedom of buyers and sellers to establish the contractual clauses that are advantageous between the two parties to complete the transaction.

• 5.1. To sign a Contract related to copyright, contact an authorized lawyer.

6. Payments - general information

To conclude a transaction, we encounter the following steps in practice:

• 6.1. payment by bank transfer to account;
• 6.2. payment by phone via Revolut, specifying the phone number or Revolut/RevTag QR code/link;
• 6.3. payment via PayPal or other legal means according to the legislation of your country.

7. Taxes and other legal information

• 7.1. Contact a licensed Lawyer and/or a Tax Company in your country for more details.