KR1 plc announced that the Company has revised its executive management arrangements and entered into an exclusive research service agreement with Reflexivity Research Limited. This represents a more robust and aligned arrangement which reflects KR1’s commitment to enhanced corporate governance. Reflexivity is a recently formed company owned by George McDonaugh and Keld van Schreven, Managing Directors of KR1, and Janos Berghorn, the Company’s Head of Research. Reflexivity was established to become a research and consultancy firm focused on innovative decentralised technologies. As a standalone entity, Reflexivity is positioned to secure and retain industry-leading research talent with deep technical expertise and extensive personal networks within the digital asset ecosystem. The services of Reflexivity will be exclusively available to KR1 pursuant to the terms of an agreement entered into between KR1, Reflexivity and the Executives, for an initial term of seven years. Under the Services Agreement, Reflexivity has agreed to provide KR1 with the services of the Executives, who will continue to fulfil the same roles at KR1 as they currently do, with the same responsibilities, namely as Managing Directors, in the case of George McDonaugh and Keld van Schreven, and as Head of Research, in the case of Janos Berghorn. In addition, Reflexivity and the Executives have agreed that certain intellectual property which is currently owned by the Executives, and which relates to KR1 and the Company’s branding will be licensed to KR1, without charge, while the Services Agreement remains in force. The Services Agreement provides for Reflexivity to receive an annual fee equivalent to 1.9% of the Company’s Net Asset Value, if that Net Asset Value is below £250 million, and 1.7% of the Company’s Net Asset Value, if that Net Asset Value exceeds £250 million. All costs incurred by Reflexivity fulfilling its obligations under the Services Agreement, including the employment costs of the Executives, will be met by Reflexivity, not KR1.