Platform Risk Disclosure

1. Nature of Property Co-Ownership

Property co-ownership through a TitleShield SPV involves acquiring shares in a company that owns physical property. This is not a bank deposit, savings account, or capital-guaranteed product. The value of your shareholding is directly linked to the value of the underlying property and the net income it generates — both of which can rise or fall.

You should only participate in property co-ownership with money you can afford to lock up for the duration of the co-ownership, and potentially lose in full.

2. Market Risk

Property values in Nigeria, including in Abuja FCT, have historically increased over long periods. However, property values can and do fall in response to: economic downturns; changes in local infrastructure or development plans; oversupply in specific districts; changes in mortgage availability or credit conditions; political or security events; and changes in foreign exchange rates affecting diaspora demand.

TitleShield and MKC do not guarantee that any property will maintain or increase in value.

3. Rental Income Risk

Scenario analyses provided on the platform are illustrative only, based on current market rental rates. Actual rental income may be lower due to: vacancy periods; non-payment by tenants; market rental rate declines; property management costs; maintenance and repair requirements; force majeure events.

No minimum level of rental income is guaranteed. Distributions are paid from actual income received — not from projections.

4. Liquidity Risk

Co-ownership interests are not freely tradeable securities. The exit pathways available (secondary market transfer, collective sale, or buy-out) are defined in the SPV Shareholder Agreement and are subject to: market availability of buyers; co-owner agreement (for collective sale); independent valuation (for buy-out); and the platform's operational capacity. Exit is not immediate. In adverse conditions, your exit period may be extended, and your exit price may be lower than your entry price.

5. Co-owner Relationship Risk

Co-ownership involves shared decision-making with other co-owners. Although the Shareholder Agreement governs voting thresholds and decision-making, disputes between co-owners can arise. TitleShield's governance framework provides dispute resolution mechanisms, but cannot guarantee that all co-owner disputes will be resolved quickly or to your satisfaction.

The default or insolvency of one or more co-owners may affect the SPV's ability to meet maintenance obligations, service costs, or management fees — which may in turn affect your position.

6. Regulatory and Legal Risk

Property law, tax law, and financial regulation in Nigeria are subject to change. Changes could affect: the legal validity of co-ownership structures; tax treatment of co-ownership income; regulatory requirements for co-owners; the costs of compliance with new requirements.

TitleShield monitors regulatory developments and will communicate material changes to co-owners. However, we cannot guarantee that regulatory changes will not adversely affect your position.

7. Platform and Operational Risk

TitleShield Governance Platform Limited is a company. Like all companies, it faces operational risks including: technology failures; key person dependency (particularly Mary Kolo's professional credentials); business continuity risks; and the general risk of company failure.

If TitleShield were to cease operations, your SPV would remain a legally registered entity. However, governance services would need to be replaced, which could involve cost and disruption. Co-owners would need to appoint alternative governance, management, and professional services.

8. Fraud and Counterparty Risk

TitleShield has implemented nine anti-fraud architecture controls to protect co-owner funds and governance. These controls materially reduce the risk of fraud but cannot eliminate it entirely. In particular, risks that involve third parties outside TitleShield's direct control — such as tenant fraud, vendor fraud, or sophisticated impersonation attempts — cannot be fully eliminated by any governance system.

9. Diaspora-Specific Risks

For co-owners based outside Nigeria:

• Currency risk: The naira value of your contribution and distributions will fluctuate with exchange rates. In periods of naira depreciation, the foreign currency value of your investment may fall even if the naira value holds.
• Remittance risk: CBN regulations on foreign exchange and remittances may change, potentially affecting how you fund your co-ownership or receive distributions.
• Tax risk: Your co-ownership income may be taxable in both Nigeria and your country of residence. Seek tax advice specific to your situation.

10. No Financial Advice

Nothing on the TitleShield website or platform constitutes financial advice, investment recommendation, or an offer to sell or solicitation to purchase any financial product, security, or investment. TitleShield is a governance platform — not a financial adviser.

Before making any co-ownership decision, you should seek independent financial, legal, and tax advice appropriate to your personal circumstances. Do not rely on TitleShield's scenario analyses as financial projections or guarantees.

11. Risk Acknowledgement

By proceeding to create a verified account and expressing interest in any deal on the TitleShield platform, you confirm that:

1. You have read and understood this Risk Disclosure in full.
2. You understand that property co-ownership carries financial risk including the risk of loss.
3. You are participating with funds you can afford to lose or lock up for an extended period.
4. You have not relied on any statement by TitleShield as financial advice.
5. You are at least 18 years old and have full legal capacity to enter into binding agreements.