Legal disclaimer

Issuer information, the regulatory positioning of $CIT, and the risks users assume.

Issuer and status of this documentation

This documentation is published by Primary Creative Limited, a company limited by shares incorporated in the British Virgin Islands, with its registered office at Intershore Chambers, P.O. Box 4342, Road Town, Tortola, VG1110, British Virgin Islands. Primary Creative Limited is the issuer of $CIT, and it is owned by City Foundation (Cayman Islands, registration number CR-427284). The documentation describes the protocol, its products and $CIT as at September 2026, and the latest version published through official channels supersedes earlier versions.

Regulatory positioning of $CIT

$CIT is a utility and governance token that provides governance participation, a discount on Venzo interface fees, payment for protocol services and ecosystem incentives. For the purposes of Regulation (EU) 2023/1114 on markets in crypto-assets (MiCA), $CIT is a crypto-asset other than an asset-referenced token or an e-money token, and it is not intended to constitute a financial instrument, a transferable security or any other regulated investment. For the Republic of Korea, Primary Creative Limited will obtain a Korean legal opinion before TGE and will share it with the relevant parties, including each Korean virtual asset trading platform that lists $CIT. A crypto-asset white paper prepared under Title II of MiCA is published at cityprotocol.co/mica_whitepaper; no competent authority in any Member State of the European Union has approved it.

$CIT reaches holders through ecosystem programmes and admission to trading on crypto-asset trading platforms, and no public sale of $CIT takes place. Each City Protocol product carries its own eligibility requirements, which can include KYC or KYB verification and restrictions inherited from constituent issuers. Access to the interfaces that City Protocol operates, including Venzo, is blocked by geofencing for the restricted and sanctioned jurisdictions in the City Protocol Terms & Conditions, while onchain transfers of $CIT remain permissionless at the contract level.

No offer and no advice

This documentation is provided for information only. It is not a prospectus, an offer document, an offer to sell or a solicitation of an offer to buy $CIT, any product or any other asset, and no part of it forms the basis of any contract or investment decision. Nothing in this documentation constitutes investment, financial, legal, tax or accounting advice, and readers are responsible for obtaining their own professional advice.

Risks users assume

Acquiring, holding or using $CIT, and participating in City Protocol products, involves significant risk, including the loss of all value committed. Users assume, among others, the following risks.

• Loss of value and volatility: $CIT and product positions can lose value in part or in full, the market price of $CIT can be highly volatile, and past performance of any strategy is no guide to future results.

• Liquidity and transferability: No active market for $CIT is assured on any network, and positions can be non-transferable or illiquid during pauses, outages or settlement windows.

• Technology and third parties: Contracts can contain defects despite audits, networks can suffer outages and reorganizations, price inputs can be wrong or manipulated, and curators, custodians, venues, tokenized-asset issuers, bridges and data providers can fail to perform.

• Cross-chain operations: Bridged $CIT depends on the integrity of the bridge, and City Protocol does not guarantee the completion of any cross-chain transaction.

• Regulation and governance: Changes in law can restrict products or $CIT, and token-weighted voting can concentrate influence among large holders.

• Keys and irreversibility: Onchain transactions are irreversible, and the loss or compromise of a wallet's keys can mean the permanent loss of its assets.

Product names

The Index OTP names describe the companies each basket holds, and Magnificent Seven is a market term for seven large US technology companies. No OTP carries any affiliation with, or endorsement from, a person, company or manager that its name or methodology refers to.

Forward-looking statements and governing law

Statements about planned features, timelines and the roadmap are forward-looking and can differ materially from actual outcomes. Terms such as deposit, redemption, yield, NAV and vault describe the behaviour of smart contracts and imply no banking, custodial, fiduciary or deposit-taking relationship. This documentation is governed by the laws of the British Virgin Islands.