Coinsquare Capital Markets Ltd. (“Bitbuy”) is offering crypto contracts to purchase and The Graph (GRT) in reliance on a prospectus exemption granted by the Canadian Securities Administrators (CSA) in the amended and restated exemptive relief decision dated October 11, 2024. The statutory rights of action for damages and the right of rescission in section 130.1 of the Securities Act (Ontario) and similar legislation in the other CSA jurisdictions do not apply in respect of a misrepresentation in this statement to the extent that a crypto contract is distributed under the above-noted prospectus relief.

No securities regulatory authority in Canada or any other jurisdiction has expressed an opinion about any of the crypto assets (or crypto contracts) that are available through Coinsquare Capital Markets Ltd (CCML)’s platform, including an opinion that the crypto assets are not themselves securities and/or derivatives.

Coinsquare Capital Markets Ltd (CCML) has compiled the information contained in this Crypto Asset Statement to the best of its ability based on publicly available information.

The Graph is an indexing protocol for querying networks like Ethereum and IPFS. Anyone can build and publish open APIs, called subgraphs, making data easily accessible. By doing this, The Graph provides decentralized finance (or DeFi) applications like DEXs the data they need to operate effectively. GRT is the network token of The Graph.

As with all assets, investing in The Graph is not without some general risks. Many of these risks are identified and explained in our Risk Statement. In addition to the general risks, we outline some risks that are specific to The Graph below. While we make an effort to identify every source of risk, we encourage you to do your own research and ensure you are comfortable investing in The Graph.

GRT exists as an ERC-20 token on Ethereum Mainnet and on the Arbitrum One Layer 2 network. The Graph protocol has migrated its settlement layer to Arbitrum One to improve scalability. Consequently, the integrity of the GRT token and the protocol is dependent on the stability and security of both the Ethereum blockchain system and the Arbitrum One network. Any fundamental issues in this network could impact GRT’s market sentiment, market cap, and token price.

The Graph ecosystem relies on a set of individual nodes, known as ‘Indexers’, to process queries, which are requests for data from a blockchain. Indexers stake GRT to join the network, and are rewarded with GRT for their computing power spent on processing a query.

The Graph ecosystem, as one of many proof-of-stake blockchain projects, competes for the participation of indexer nodes with other projects that also use proof-of-stake models. There is a risk that a lack of indexer participants could hinder or prevent The Graph from properly providing its services, which may negatively affect GRT’s market sentiment, market cap and token price.

The GRT token supply remains concentrated. As of February 2026, the top 10 wallet addresses hold approximately 55% of the supply, and the top 100 wallet addresses hold approximately 80% of the supply. Over 90% of the initial GRT supply is currently in circulation. The protocol uses a 3% per year token supply inflation rate, though this is partially offset by the burning of query fees. Such high concentration among few wallets creates a risk that the decisions of large GRT holders can seriously affect GRTs market cap and token price.