Following cancellation of a registration, Uppercut Fitness Boxing will refund any monies paid by the client on account of any classes taking place after cancellation and in which the client has not participated LESS a cancellation charge equal to 50% of such monies (which the client acknowledges represents a genuine pre-estimate of the loss that Uppercut Fitness Boxing will incur as a result of the cancellation). For example, if a package of 10 classes costs 10,000KSH and registration is cancelled after 5 classes, then the client will receive a refund of 2500KSH calculated as follows: 10,000KSH x 5/10 = 5000KSH – (50% x 5000KSH) = 2500KSH.