Terms of Use

Effective Date: August 28, 2025

Introduction and Acceptance

Welcome to the 154 Partners Investment Management LLC (together with its affiliates, “154 Partners”) website (the “Site”). 154 Partners provides access to this Site to you subject to the notices, terms, and conditions set forth in these Terms of Use (the “Agreement”). This Agreement constitutes a legally binding agreement between 154 Partners and you, the user of this Site, and applies to all Site users.

The content of this Site is provided for general information purposes only. Nothing on this Site constitutes investment advice or an offer to sell or a solicitation of an offer to buy any security, investment product, or service (including investments in any 154 Partners affiliated funds). No material is intended to be, and should not be construed as, investment, legal, tax, business, accounting, regulatory, or other professional advice. The content of this Site should not be relied upon when making investment decisions.

Past performance is not necessarily indicative of future results. Any transactions mentioned on this Site are included as representative transactions only and are not necessarily indicative of overall or other performance. No representation or warranty is being made that any investment will or is likely to achieve returns, profits or losses similar to those previously experienced. There is no assurance that significant losses will be avoided.

Certain information on the Site may contain forward-looking statements, which can be identified by the use of forward-looking terminology such as “may,” “can,” “seek,” “will,” “should,” “expect,” “anticipate,” “project,” “potential,” “estimate,” “intend,” “continue,” “target,” or “believe” or the negatives thereof or other variations thereon or comparable terminology. Such statements reflect the views of 154 Partners as of the date made. Actual results may differ materially and 154 Partners undertakes no obligation to update these statements.

154 Partners reserves the right to modify this Site and modify or amend this Agreement at any time, without notice or obligation. All changes will be effective immediately upon their posting on this Site. Your continued use of this Site following the posting of any changes to the Agreement will mean that you accept such amendments. CAREFULLY READ THESE TERMS AND APPLICABLE ADDITIONAL TERMS BEFORE USING THE SITE, AS THEY AFFECT YOUR LEGAL RIGHTS AND OBLIGATIONS. THESE TERMS REQUIRE YOU TO GRANT US CERTAIN CONSENTS, RIGHTS AND LICENSES AND BY USING THE SITE, YOU AGREE TO THESE TERMS. DO NOT USE THE SITE IF YOU DO NOT AGREE.

If you do not agree to this Agreement, do not access or use this Site, and instead contact 154 Partners as set forth below for desired information. In addition to this Agreement, 154 Partners has established a Privacy Policy to explain how user information is collected and used by 154 Partners. A copy of our Privacy Policy can be found here: Website Privacy Policy. By accessing the Site, you are also signifying your acknowledgment and agreement to 154 Partners’ Privacy Policy.

By entering this Site, you acknowledge and agree that any communication or material you transmit to the Site or 154 Partners, in any manner and for any reason, will not be treated as confidential or proprietary. Furthermore, you acknowledge and agree that 154 Partners is free to use any such communication or materials for any purpose, at any time, and without compensation to you.

Access to the information on this Site may be subject to legal restrictions under the laws and regulations of certain countries or jurisdictions. It is your responsibility to be aware of and comply with any such restrictions that apply in the jurisdiction from which you are accessing this Site.

Use of the Site

You represent and warrant that you are at least 18 years old or visiting the Site under the supervision of a parent or guardian. If you do not meet these requirements, you must not access or use this Site.

Subject to the terms and conditions of this Agreement, 154 Partners hereby grants you a limited, revocable, non-transferable and non-exclusive license to access and use the Site by displaying it on your internet browser but not for any commercial use or use on behalf of any third party, except as explicitly permitted by 154 Partners in advance. Any breach of this Agreement shall result in the immediate revocation of the license granted in this paragraph without notice to you.

You may not reproduce, distribute, display, sell, lease, transmit, create derivative works from, translate, modify, reverse-engineer, disassemble, decompile or otherwise exploit this Site or any portion of it unless expressly permitted by 154 Partners in writing. You may not make any commercial use of any of the information provided on the Site or make any use of the Site for the benefit of another business unless explicitly permitted by 154 Partners in advance. You may not submit content to the Site or use it in any manner that:

Is offensive, violent, promotes racism, bigotry, hatred, harassment or physical harm of any kind against any group or individual;
Is libellous or slanderous;
Is intended to cause commercial harm to us or to benefit a third party at our expense;
Exploits people in a sexual or violent manner, is pornographic or contains nudity, violence or offensive subject matter or contains a link to a website containing such material;
Involves any automated use of the system such as, but not limited to, using scripts to add contacts/friends or send comments or messages;
Collects others’ names, personal information or contact information by electronic or other means for the purpose of sending unsolicited communications;
Constructs any links from any page on our Site to any other website on the internet, or frames any page from our Site on any other website;
Uses any automated or computerized process we have not previously authorized to access, obtain or download data or content;
Circumvents or modifies, attempts to or assists another in circumventing or modifying any security technology or software that is part of our Site;
Interferes with any standard technical measures used by copyright owners to identify and protect copyrighted works;
Transmits or disseminates any kind of material that contains viruses, malware, bots, worms, or any other computer code, files or programs that interrupt, destroy or limit the functionality or operation of any computer software or hardware or telecommunication systems of third parties, interrupt the normal execution of communications, interfere with or interrupt the services provided on this Site otherwise permits the unauthorized use of or access to a computer or a computer network; or
Uses the Site and its services in a manner inconsistent with any and all applicable laws and regulations.

154 Partners may assign you a password and account identification to enable you to access and use certain portions of this Site. You agree not to attempt to access information other than that to which you are entitled. Each time you use a password or identification, you will be deemed to be authorized to access and use the Site in a manner consistent with the terms and conditions of this Agreement, and 154 Partners has no obligation to investigate the authorization or source of any such access or use of the Site. YOU WILL BE SOLELY RESPONSIBLE FOR ALL ACCESS TO AND USE OF THIS SITE BY ANYONE USING THE PASSWORD AND IDENTIFICATION ORIGINALLY ASSIGNED TO YOU WHETHER OR NOT SUCH ACCESS TO AND USE OF THIS SITE IS ACTUALLY AUTHORIZED BY YOU, INCLUDING WITHOUT LIMITATION, ALL COMMUNICATIONS AND TRANSMISSIONS AND ALL OBLIGATIONS (INCLUDING WITHOUT LIMITATION FINANCIAL OBLIGATIONS) INCURRED THROUGH SUCH ACCESS OR USE. You are solely responsible for protecting the security and confidentiality of the password and identification assigned to you. You shall immediately notify 154 Partners of any unauthorized use of your password or identification or any other breach or threatened breach of this Site’s security.

Intellectual Property

As between you and us, we own and reserve all right, title, and interest in and to our Site. This includes the copyright in the software and code that allow you to operate the Site and the copyright in all content including text, graphics, and images. We hereby grant you a limited non-sublicensable revocable license to use our Site for personal noncommercial use. You may not copy, distribute, perform or display publicly, prepare derivative works based from, or use our Site except as expressly provided in these terms and conditions unless you receive our prior written permission. You may not use our Site to collect data or account or other information. You may not reverse engineer any part of our Site. We reserve the right to terminate your license to use this Site if you do not comply with these terms and conditions.

Accuracy of Information

On occasion, information on this Site may contain errors, including, without limitation, typographical errors, inaccuracies, or omissions. You may not rely on any information expressed on the Site for any other purpose than permitted by these Terms. 154 Partners and their respective officers, agents, and employees do not warrant the accuracy, adequacy, or completeness of the information contained on this Site and expressly disclaim liability for errors or omissions in any information. 154 Partners undertakes no obligation to update, amend or clarify information on this Site. No specified update or refresh date applied on this Site should be taken to indicate that all information on the Site has been modified or updated. Please remember when reviewing information on this Site that such information may not represent the complete information available on a subject. In addition, subsequent events or changes in circumstances may cause existing information on this Site to become inaccurate or incomplete.

Third-Party Links

This Site may contain links to other websites on the internet that are owned and operated by third parties and not supported by 154 Partners. Such links are provided only as a service to our visitors. 154 Partners is not, directly or indirectly, implying any approval, association, sponsorship, endorsement, authorization, affiliation, or monitoring by 154 Partners with the linked or linking website, unless specifically stated on this Site. 154 Partners has not reviewed all such websites and is not responsible for the content, accuracy, or policies of any such websites. Neither we nor any of our respective affiliates are responsible for any content, materials or other information located on or accessible from any other website(s). Neither we nor any of our respective affiliates endorse, guarantee, or make any representations or warranties regarding any other websites, or any content, materials or other information located or accessible from any other websites, or the results that you may obtain from using any other websites. You link to any other pages or websites at your own risk, and your use of such websites will be controlled by the terms of use posted on that website. You should review the terms of use of any website to which you navigate.

Termination

We reserve the right in our sole discretion and at any time to terminate or suspend your registration or block your access to the Site for any reason, including, without limitation, if you have failed to comply with the letter and spirit of these Terms.

Assignment

154 Partners may assign this Agreement in whole or in part at any time without your consent. You may not assign, transfer, or delegate your rights or obligations under this Agreement and any attempted assignment or delegation shall be null and void.

Severability

If any provision of this Agreement is found to be illegal or unenforceable or invalid, the remaining provisions of this Agreement shall be unaffected and shall continue to be fully valid, binding, and enforceable.

Limitation of Liability

154 PARTNERS DOES NOT ASSUME ANY LIABILITY OR RESPONSIBILITY FOR THE SITE OR CONTENT OF THE SITE. YOU AGREE TO BE SOLELY RESPONSIBLE FOR YOUR USE OF THE SITE AND TO DEFEND, INDEMNIFY, AND HOLD HARMLESS 154 PARTNERS, ITS AFFILIATES, AND EACH OF THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, AND REPRESENTATIVES FROM AND AGAINST ANY AND ALL CLAIMS, LIABILITIES, DAMAGES, LOSSES, COSTS, AND EXPENSES (INCLUDING ATTORNEYS’ FEES) ARISING OUT OF OR RELATING TO YOUR USE OF THE SITE OR YOUR VIOLATION OF THIS AGREEMENT. 154 PARTNERS RESERVES THE RIGHT, AT ITS OWN EXPENSE, TO ASSUME THE EXCLUSIVE DEFENSE AND CONTROL OF ANY MATTER SUBJECT TO INDEMNIFICATION UNDER THIS PROVISION. IN SUCH CASES, YOU AGREE TO FULLY COOPERATE WITH 154 PARTNERS IN THE DEFENSE OF SUCH MATTER.

Dispute Resolution

You hereby agree to attempt in good faith to resolve any controversy, dispute or claim you may have relating to the Company arising out of or in connection with this Site. If such matter cannot be so resolved within a reasonable period of time (in no event exceeding ten (10) business days), it shall be settled by final and binding arbitration to be conducted by an arbitration tribunal in New York, New York, pursuant to the Commercial Arbitration Rules or JAMS (“JAMS”) Streamlined Arbitration Rules and Procedures of the American Arbitration Association. The arbitrator may issue awards for compensatory damages and/or equitable remedies (including injunctive relief and specific performance) only, and may not, and will have no power to award indirect, consequential, or punitive damages. You waive any claim for, and the arbitrators will have no power to award, damages for negligent or intentional infliction of emotional distress, or similar torts based on harm to one’s emotional or mental condition. There will be a single, neutral arbitrator that will be selected in a manner consistent with the AAA’s national rules for resolution of commercial matters or JAMS Streamlined Arbitration Rules and Procedures provided that if the amount in dispute exceeds $5 million, the rules applicable to commercial disputes then in effect will instead be utilized and a panel of three (3) neutral arbitrators will be appointed. You must commence arbitration by serving a demand for arbitration on the Company and the AAA or JAMS. The place of arbitration will be in New York, New York. The arbitration will be conducted in the English language. The arbitrator shall decide the dispute in accordance with the law of the State of Delaware. To the fullest extent permitted by law, the arbitrator shall apply the Commercial Arbitration Rules of the AAA, or JAMS Streamlined Arbitration Rules and Procedures, as applicable.

Contact Us

Please send any questions or comments (including all inquiries unrelated to copyright infringement) regarding this Agreement or this Site to 154 Partners at +1 (347) 629-9140 and hello@154partners.com.