Issuer and Public Offering Registration Process: Requirements for Issuers

Issuer and Public Offering Registration Process: Requirements for Issuer:

1. Application containing general information about the Issuer and a description of the business. Additionally, the following must be indicated: a. Issuer's name i. Tax Identification Number (NIT) ii. Physical address b. Legal representative i. Phone number ii. Email address c. Shareholders' names i. Identification document ii. Tax Identification Number (NIT) d. Administrators' names i. Identification document ii. Tax Identification Number (NIT) e. Indicate the LRU of your main website f. Provide the domicile and a general description of your business or usual trade g. Clearly identify which jurisdictions, countries, or territories in which you carry out your operations h. Place to receive notifications and designate persons commissioned for this purpose, including at least their phone number, email address, and address.

2. Declaration by the issuer granted before a Notary, in which it states that the information provided to the CNAD and accompanying the application for its registration as a digital asset issuer is true, accurate, and complete. Likewise, the commitment to keep the information updated with the CNAD at all times;

3. Copy of the testimony of the issuer's social constitution deed, of its modifications if any, registered in the Commerce Registry; current bylaws, if applicable, duly deposited in the corresponding registry or, in its case, legislative decree of creation;

4. List of partners, associates, or shareholders, with their participation in the company's capital, the type and number of the current identification document, and Tax Identification Number, if applicable. The aforementioned list must contain information updated as of the date of submission of the application;

5. Copy of the current identification document and Tax Identification Number of persons whose participation is equal to or greater than 10% of the issuer's social capital. In the event that the shareholder is a company, the information of the last beneficiary must be presented unless the company trades on an organized and regulated securities market, in which case this requirement is not necessary;

6. List of the issuer's administrators, indicating the type and number of Identification Document, Tax Identification Number;

7. Copy of the credentials of the Board of Directors, authorized agents, and administrators, indicating the respective term of office, duly registered in the corresponding registry;

8. Copy of the current identification document and Tax Identification Number of the authorized agents and administrators;

9. Curriculum vitae accrediting the professional or business experience of each of the administrators;

10. Audited financial statements of the issuer, corresponding to the last three fiscal years prior to the application, by an external auditor. In the case of issuers that have been in existence for less than three years, they must present the audited financial statements they possess as of the date of the application;

11. Copy of the Issuer's Tax Identification Number;

12. Provide a list of the digital assets that have been issued in public offerings;

13. Policies and procedures for the prevention, detection, management, and communication of conflicts of interest among shareholders, members of its governing body, and its employees, in accordance with Article 13 of the Regulation on the Registration of Issuers and Public and Private Offerings;

14. Policies and procedures on insider information, in accordance with Article 20 of the Regulation on the Registration of Issuers and Public and Private Offerings;

15. Policies and procedures regarding: a) The custody of digital assets, whether carried out directly or indirectly, through a third-party digital platform; b) Protocols for the validation of transactions with the offered digital assets; c) The safeguarding of information relating to the identity of investors so that they may enjoy the tax benefits mentioned in Article 36 of the Digital Asset Issuance Law;

16. Procedures relating to the handling of insider information, in accordance with what is stipulated in Article 20 of the Regulation on the Registration of Issuers and Public and Private Offerings; and

17. Plan for public communications relating to the issuance,