Procedure for Registration of Issuer and Public Offering

Procedure for Registration of Issuer and Public Offering.
The procedure for evaluating, preventing, approving, or denying the authorization of the aforementioned emissions shall be governed by the provisions of Article 16 of the Issuer and Public and Private Emissions Registration Regulation, which is as follows:

Once the application is submitted to the National Commission of Digital Assets, it must rule on the authorization of the emission within a period of 5 business days from its receipt, either granting the authorization, or approving or denying it, and will notify its resolution to the issuer and the certifier.

In case the information and documentation required in the Relevant Information Document is not complete, the National Commission of Digital Assets will advise the certifier, and additionally notify the requesting issuer, and establish a maximum period of 20 business days for the certifier or the requesting issuer to provide the missing information and documentation, and then issue its ruling within a period of 5 business days. In case the information and documentation are not completed, the authorization of the emission of the public offering will be denied, leaving the issuer empowered to submit it again.

The National Commission of Digital Assets may make requests, ask for modifications and/or clarifications that it deems pertinent in order for them to be remedied within the same maximum period of 20 business days. In case this period is justified, it may be extended according to the needs and justifications that the certifier or issuer deem convenient.

Finally, once the public offering of an issuer is authorized by the Commission, the issuer will automatically become part of a registry of issuers administered by the National Commission of Digital Assets.