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© 2025 2678 Holdings LLC, TokenCap Advisors LLC, TokenCap Miner LLC, TokenCap Network LLC and/or their licensors and affiliates (collectively, “2678”). All rights reserved.

RISK RATINGS ISSUED BY 2678 AFFILIATES e.g. TOKENCAP ADVISORS LLC (TCA) ARE THEIR CURRENT OPINIONS OF THE RELATIVE FUTURE RISKS OF ENTITIES OR PROJECTS AND MATERIALS, PRODUCTS, SERVICES AND INFORMATION PUBLISHED OR OTHERWISE MADE AVAILABLE BY 2678 (COLLECTIVELY, “MATERIALS”) MAY INCLUDE SUCH CURRENT OPINIONS. TCA RATINGS DO NOT ADDRESS ALL RISKS, INCLUDING BUT NOT LIMITED TO: CREDIT RISK, LIQUIDITY RISK, MARKET VALUE RISK, REGULATORY RISK OR PRICE VOLATILITY. RATINGS, NON-CREDIT ASSESSMENTS (“ASSESSMENTS”), AND OTHER OPINIONS INCLUDED IN 2678 MATERIALS ARE NOT STATEMENTS OF CURRENT OR HISTORICAL FACT. 2678 MATERIALS MAY ALSO INCLUDE QUANTITATIVE AND ARTIFICIAL INTELLEGENCED MODEL-BASED ESTIMATES OF VARIOUS RISKS AND RELATED OPINIONS OR COMMENTARY PUBLISHED BY TCA AND/OR ITS AFFILIATES. TCA RATINGS, ASSESSMENTS, OTHER OPINIONS AND MATERIALS DO NOT CONSTITUTE OR PROVIDE INVESTMENT OR FINANCIAL ADVICE, AND TCA RATINGS, ASSESSMENTS, OTHER OPINIONS AND MATERIALS ARE NOT AND DO NOT PROVIDE RECOMMENDATIONS TO PURCHASE, SELL, OR HOLD PARTICULAR SECURITIES. TCA RATINGS, ASSESSMENTS, OTHER OPINIONS AND MATERIALS DO NOT COMMENT ON THE SUITABILITY OF PURSUING A BUSINESS OPPORTUNITY. 2678 ISSUES ITS RATINGS, ASSESSMENTS AND OTHER OPINIONS AND PUBLISHES OR OTHERWISE MAKES AVAILABLE ITS MATERIALS WITH THE EXPECTATION AND UNDERSTANDING THAT EACH CUSTOMER WILL, WITH DUE CARE, MAKE ITS OWN STUDY AND EVALUATION OF EACH BURISNESS OPPORTUNITY THAT IS UNDER CONSIDERATION.

TCA RATINGS, ASSESSMENTS, OTHER OPINIONS, AND MATERIALS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE TCA RATINGS, ASSESSMENTS, OTHER OPINIONS OR MATERIALS WHEN MAKING A BUSINESS DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER.

ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT 2678’s PRIOR WRITTEN CONSENT. FOR CLARITY, NO INFORMATION CONTAINED HEREIN MAY BE USED TO DEVELOP, IMPROVE, TRAIN OR RETRAIN ANY SOFTWARE PROGRAM OR DATABASE, INCLUDING, BUT NOT LIMITED TO, FOR ANY ARTIFICIAL INTELLIGENCE, MACHINE LEARNING OR NATURAL LANGUAGE PROCESSING SOFTWARE, ALGORITHM, METHODOLOGY AND/OR MODEL.

TCA RATINGS, ASSESSMENTS, OTHER OPINIONS AND MATERIALS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT COULD RESULT IN THEM BEING CONSIDERED A BENCHMARK.

All information contained herein is obtained by 2678 from sources believed by it to be accurate and reliable. Because of the possibility of human or mechanical error as well as other factors, however, all information contained herein is provided “AS IS” without warranty of any kind. 2678 adopts all necessary measures so that the information it uses in assigning an assessment is of sufficient quality and from sources 2678 considers to be reliable including, when appropriate, independent third-party sources. However, 2678 is not an auditor and cannot in every instance independently verify or validate information received in the credit rating process or in preparing its Materials.

To the extent permitted by law, 2678 and its directors, officers, employees, agents, representatives, licensors and suppliers disclaim liability to any person or entity for any indirect, special, consequential, or incidental losses or damages whatsoever arising from or in connection with the information contained herein or the use of or inability to use any such information, even if 2678 or any of its directors, officers, employees, agents, representatives, licensors or suppliers is advised in advance of the possibility of such losses or damages, including but not limited to: (a) any loss of present or prospective profits or (b) any loss or damage arising where the relevant financial instrument is not the subject of a particular assessment by 2678.

To the extent permitted by law, 2678 and its directors, officers, employees, agents, representatives, licensors and suppliers disclaim liability for any direct or compensatory losses or damages caused to any person or entity, including but not limited to by any negligence (but excluding fraud, willful misconduct or any other type of liability that, for the avoidance of doubt, by law cannot be excluded) on the part of, or any contingency within or beyond the control of, 2678 or any of its directors, officers, employees, agents, representatives, licensors or suppliers, arising from or in connection with the information contained herein or the use of or inability to use any such information.

NO WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OF ANY RATING, ASSESSMENT, OTHER OPINION OR INFORMATION IS GIVEN OR MADE BY 2678 IN ANY FORM OR MANNER WHATSOEVER.

TCA a wholly-owned consultancy of 2678 Holdings LLC (“2678”), hereby discloses that most general contractors listing projects on the TokenCap Network (a 2678 affiliated entity) have, prior to assignment of any risk rating or evaluation, agreed to pay to TCA for its opinions and services rendered by it fees ranging from $20,000 to approximately $2,500,000.