Official Letter Granting Authorization for the Organization and Operation of a Crowdfunding Institution to Be Named Grupo Quindalo, S.A.P.I. de C.V., Crowdfunding Institution — SHCP — MX

DOF: 10/04/2023

OFFICIAL LETTER granting authorization for the organization and operation of a Crowdfunding Institution to be named Grupo Quindalo, S

In the margin a seal with the National Shield, stating: United Mexican States.- TREASURY.- Secretariat of Finance and Public Credit.- National Banking and Securities Commission.- Vice Presidency of Regulations.- General Directorate of Specialized Authorizations.- Technical Vice Presidency.- Official Letter No.: 311- 95325/2023 .

Subject :

Authorization for the organization and

operation of a Crowdfunding

Institution to be named

Grupo Quindalo, S.A.P.I. de C.V., Crowdfunding

Institution.

Grupo Quindalo, S.A.P.I. DE C.V.

Av. Ricardo Margain Zozaya, No. 335, 4th floor,

Col. Valle del Campestre, Zip Code 66265

San Pedro Garza García, Nuevo León

ATTN.:

Citizen Daniel Ricardo Quintanilla Martínez

Legal Representative

In terms of articles 1 and 2 of the Law of the National Banking and Securities Commission, this National Banking and Securities Commission (Commission) is a decentralized body of the Secretariat of Finance and Public Credit, which aims to supervise and regulate within its competence the entities comprising the Mexican financial system, in order to ensure their stability and correct functioning, as well as maintain and promote the sound and balanced development of said system as a whole, in protection of the public interest. According to article 4, sections XI and XXXVIII of said law, the Commission is responsible for authorizing the constitution and operation of those entities indicated by the laws, as well as exercising the other powers attributed to it by the Law of the National Banking and Securities Commission.

In this order of ideas, article 35 of the Law to Regulate Financial Technology Institutions establishes that persons who intend to carry out the activities attributed to crowdfunding institutions or electronic payment funds, must request their authorization as a financial technology institution before the Commission, which will grant it when in its judgment the legal and regulatory requirements are adequately met, prior agreement of the Interinstitutional Committee referred to in said article 35.

Considering the above, with a document presented on February 16, 2022, Grupo Quindalo, S.A.P.I. de C.V. (Grupo Quindalo or the company) requested authorization from the Commission to organize and operate as a crowdfunding institution to be named Grupo Quindalo, S.A.P.I. de C.V., Crowdfunding Institution, attaching thereto the corresponding supporting information and documentation indicated in article 39 of the Law to Regulate Financial Technology Institutions.

In terms of article 5, second paragraph of the Law to Regulate Financial Technology Institutions, this Commission prevented Grupo Quindalo within the period established in said law to attend to various observations regarding its authorization request, in addition to granting an extension to the initial period to attend to them.

In relation to the above, Grupo Quindalo sent documentation and information in order to respond to the aforementioned prevention. Additionally, this authority required Grupo Quindalo various complementary documentation and information in order to have sufficient elements of judgment to resolve the authorization request presented by Grupo Quindalo; company that attended the request for complementary information and sent updated documentation and information regarding its file. The company requested an extension to the resolution period and an extension for the processing, which were granted.

Having stated the above, you are informed that the Interinstitutional Committee in session held on March 28, 2023, based on articles 11 and 35, in relation to article 15 of the Law to Regulate Financial Technology Institutions and,

CONSIDERING

FIRST. - That the documentation and information presented on the occasion of the authorization request for the organization and operation of the crowdfunding institution, to be named Grupo Quindalo, S.A.P.I. de C.V., Crowdfunding Institution, complies with the requirements provided in article 15, in correlation to article 39 of the Law to Regulate Financial Technology Institutions and with articles 3, 4 and 6 of the General Provisions applicable to Financial Technology Institutions, and,

SECOND. - That from the analysis of the documentation and information received it was concluded that from the legal, financial and operational point of view it is appropriate to grant the requested authorization, therefore, in accordance with the certification of the Secretary of the Interinstitutional Committee, which is transcribed in the relevant part, the following was adopted:

AGREEMENT

" SEVENTH.- The members of the Interinstitutional Committee, in accordance with articles 11 and 35, in relation to article 15 of the Law to Regulate Financial Technology Institutions, agreed unanimously that the authorization be granted for the organization and operation of a Crowdfunding Institution to be named Grupo Quindalo, S.A.P.I. de C.V., Crowdfunding Institution. "

The previous agreement is adopted without prejudice to the other authorizations that due to the described act, must be obtained from the Commission or any other financial authority, in terms of the applicable provisions, as well as the exercise of the powers attributed to the Commission itself during the organization process of Grupo Quindalo, S.A.P.I. de C.V., Crowdfunding Institution, in which the applicable requirements for the start of operations must be met.

Therefore, this National Banking and Securities Commission, prior agreement of the Interinstitutional Committee, authorizes the organization and operation of a crowdfunding institution to be named Grupo Quindalo, S.A.P.I. de C.V., Crowdfunding Institution.

The entity whose organization and operation is authorized, will be subject to the following:

TERMS

FIRST.

The name of the company shall be Grupo Quindalo, S.A.P.I. de C.V., Crowdfunding Institution.

SECOND.

It shall have its social domicile in Monterrey, Nuevo León.

THIRD.

Its duration shall be indefinite.

FOURTH.

The amount of its minimum social capital shall be at least the equivalent in national currency to 500,000 UDIs.

FIFTH.

Its corporate purpose shall correspond to the realization of the activities in national currency contemplated in article 16, section III of the Law to Regulate Financial Technology Institutions. Additionally, it may carry out the activities provided in article 19 of the aforementioned legal order, in accordance with its corporate purpose.

SIXTH.

The authorization referred to in this official letter is, by its own nature, non-transferable.

SEVENTH.

Grupo Quindalo, S.A.P.I. de C.V., Crowdfunding Institution shall be subject to the supervision of the National Banking and Securities Commission and of the Bank of Mexico, in the exercise of their respective attributes, as well as, of the other competent financial authorities in the terms that the laws provide and provisions emanating from these.

EIGHTH.

The services consisting of the crowdfunding of royalties that Grupo Quindalo, S.A.P.I. de C.V., Crowdfunding Institution provides by virtue of this authorization, as well as the other operations it carries out, as well as its organization and operation in general, shall be subject to the Law to Regulate Financial Technology Institutions, to the rules and general provisions applicable to Financial Technology Institutions issued by the National Banking and Securities Commission, to the provisions that regarding its operations the Bank of Mexico issues and to the other norms and provisions in force and those that are issued in the future by any competent authority, including those relating to operations with resources of illicit origin and terrorism financing, which by their nature are applicable.

Grupo Quindalo, S.A.P.I. de C.V., Crowdfunding Institution, must accredit to this Commission, with at least thirty business days prior to the start of its operations, compliance with the requirements established in article 40 of the Law to Regulate Financial Technology Institutions.

The present is issued based on the aforementioned legal provisions, as well as in exercise of the powers conferred in articles 1, 2, 4, sections XI and XXXVIII, 10, sections III and V of the Law of the National Banking and Securities Commission, as well as articles 1, 3, sections IV and V, 4, sections I, subsections A and B, and II, subsection A, numeral 5) and subsection B, numeral 32), 14, 17, 35, 45, section I and 64, third paragraph of the Internal Regulations of the National Banking and Securities Commission, published in the Official Gazette of the Federation on February 28, 2022.

Sincerely

Mexico City, on March 29, 2023 .- General Director of Specialized Authorizations , Lic. José Antonio Vizcaíno Ruiz .- Signature.- Technical Vice President , Lic. Ramiro Edgar Álvarez Hernández .- Signature.

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BY DATE

INDICATORS

Exchange Rate and Rates as of 27/08/2026

DOLLAR

16.9660 UDIs

8.808255 TIIE 28 DAYS

6.7559% TIIE 91 DAYS

6.7931% TIIE 182 DAYS

6.8474% FUNDING TIIE

6.50%

SURVEYS

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