Does City Publications have any effective orders from national securities associations or exchanges suspending or expelling them from membership?

According to City Publications' 2025 Franchise Disclosure Document, neither City Publications nor any person identified in Item 2 of the Franchise Disclosure Document is subject to any currently effective order of any national securities association or national securities exchange, as defined in the Securities Exchange Act of 1934, suspending or expelling such persons from membership in such association or exchange. This information is provided specifically within the addendum for the state of California.

This statement assures prospective franchisees in California that City Publications and its associated individuals are in good standing with national securities associations or exchanges. It means that City Publications has not faced disciplinary actions from these organizations that would prevent them from participating in securities-related activities. This is a standard disclosure in franchise agreements to ensure transparency and build trust with potential franchisees.

For prospective franchisees outside of California, it's important to note that while this specific statement is included in the California addendum, Item 23 generally requires disclosure of such orders. Therefore, the absence of such a disclosure for other states implies a similar condition, but it would be prudent for a prospective franchisee to confirm this with City Publications directly to ensure full transparency and understanding of their standing with national securities associations or exchanges.