Legal

Who can participate in Suno?

Participation in Suno is open to anyone, except for individuals who are residents of or subject to the regulations or jurisdiction of the United States of America or countries included in the FATF’s black and grey lists. You can consult those lists at the following link: https://www.fatf-gafi.org/en/countries/black-and-grey-lists.html.

What risks are involved in participating in Suno?

Some risks that may affect your participation include:

• Non-payment or delay by the company or entity purchasing the energy: In extreme cases, Suno initiates a pre-legal collection process and, if the delay persists with no sign of willingness to pay, the matter is escalated to legal proceedings. When companies pay late, interest is applied and distributed proportionally among participants.

• Damage to energy generation infrastructure not covered by the contracted insurance policies: To mitigate this risk, the maintenance fund is used first to protect your returns. However, if the fund is insufficient, profits may be affected during certain months.

• Unusual natural phenomena that reduce energy generation for an extended period: Renewable energy sources depend on weather conditions. Although these variations are considered in return projections, extreme and unpredictable events can cause a drop in energy production.

• Breach, suspension, or termination of the PPA contract: These events directly impact profit generation. If unjustified, they may result in compensation.

• Delays in the project timeline: Factors such as procurement or import of supplies, supplier lead times, and network operator authorization and legal procedures can affect initially established schedules.

How does Suno ensure transparency in its projects and compliance with current regulations?

You can stay informed about the details of Suno's projects at all times. All relevant information is available in the tab corresponding to each project, allowing you to easily review and monitor its status. In addition, our support channels are always open to answer any questions related to your participation in Suno. On the other hand, like any legally incorporated company in Colombia, Suno operates under the guidelines of the Superintendence of Companies and the Superintendence of Industry and Commerce. Due to our legal nature and the contracts signed with project participants and energy buyers, Suno is not considered, constituted, or organized as a financial services company, insurance provider, credit establishment, or capitalization company. Nevertheless, we comply with high regulatory standards in accordance with current national legislation, including matters related to tax obligations, data and privacy protection, and accounting and commercial law.

What mechanisms does Suno use to protect my participation?

While all investments carry some level of risk, the risk of participating in Suno is very low and primarily associated with weather conditions or external factors related to the infrastructure of each project, such as lightning strikes, terrorism, vandalism, etc. To mitigate these risks, each project is covered by its respective insurance policies and guarantees. Additionally, the projects are backed by energy purchase agreements, which include penalty clauses, performance obligations, early termination provisions, among others.

How should digital assets acquired through Suno be declared under applicable tax regulations?

According to the Unified Concept on Cryptoassets issued by the DIAN, cryptoassets—including tokens acquired through Suno—are considered intangible goods subject to economic valuation. Therefore, they are part of the taxpayer's net worth. Tax residents in Colombia 🇨🇴 must include these assets in their annual income tax return, reporting them in the assets section based on their fiscal value as of December 31 of the tax year. Likewise, any income generated by these assets, such as returns from economic use, must be reported as part of the taxable base for income tax calculation. You can consult the official concept by clicking here. It’s important to note that this regulation applies to both individuals and legal entities that are tax residents in Colombia. If you reside in another country, we recommend checking the applicable tax rules in your jurisdiction.

In which cases could I be entitled to compensation?

You may be entitled to compensation in the following cases:

• If there are delays during the design and construction stages that are not justified by Suno or the installation company.

• If the installation does not meet the terms of the contract and there is a delay of more than 10 business days in repairs by the installer.

Please note that compensation is due to non-compliance with the contract by either party and is proportional to the unrealized earnings.

How can I download my Income and Withholding Certificate?

To obtain your income and withholding certificate, follow these steps on our website:

1. Log in to your account and go to your profile.

2. Select “Documents”.

3. Click on “Income and Withholding Certificate”.

4. The document will be downloaded to your mobile device.

Please note that your earnings are reported annually in the exogenous report due to your participation in the asset. It is important to highlight that the monthly earnings you receive are considered compensation for its use.