Taxation

Issuer

The Issuer will proceed to apply the corresponding withholding taxes on the payments made, in accordance with the current Spanish accounting regulations.

In this regard, investors are informed that the income obtained by individuals who are tax residents in Spain is considered as income from movable capital. The current withholding tax rate is 19%. For tax-resident individuals, such income must be included in their savings income tax base and taxed according to a rate that ranges between 19% and 26%.

Regarding corporate taxpayers in Spain, as well as taxpayers under the Non-Residents Income Tax ("IRNR") with a permanent establishment, and without prejudice to the tax treatment that applies according to their accounting and fiscal situation, the income is subject to a 19% withholding tax.

For IRNR taxpayers without a permanent establishment in Spain, as a general rule, the income will be subject to a 19% withholding tax, unless a Double Taxation Agreement applies, providing for a lower rate, or if exemptions apply for residents of other European Union Member States and provided that the income is not generated through countries or territories classified as tax havens under Spanish law. For this purpose, the investor must provide the Issuer with a certificate issued by the tax authorities of their country of residence to prove this. The certificate will be valid for one year.

Regarding the retention award for investors, consisting of a monetary donation equivalent to 10% of their initial investment for those who hold the acquired Tokens for a minimum period of one (1) year, as specified in this document, it is important to highlight that this monetary donation is also subject to withholding tax and may have tax implications for the recipient, which will vary depending on the tax legislation in the investor’s country of residence. Each recipient is responsible for informing themselves and complying with any tax obligations that may arise from receiving such a donation. It is strongly recommended that investors consult with a tax or legal advisor in their country of residence to fully understand the potential tax consequences and ensure they comply with all applicable regulations. The company is not responsible for any tax obligations that may arise as a result of the donation, and each investor agrees to assume responsibility for any tax liabilities arising from this transaction.

Investor

The Investor will be responsible for declaring the taxes resulting from the payment of the income received from the Issuer.