Seamless Alts Platform LLC Terms and
Conditions
Effective as of: November, 2025
Welcome to Seamless Alts Platform LLC. Please read on to learn the rules and restrictions
that govern the use
of our Services (as defined below). Should you have any questions, comments, or concerns
regarding these
terms or the Services, please contact us at info@seamlessalts.com.
By accessing our website, applications, products and services you are agreeing to the
following Terms and
Conditions.
1. Acceptance of the Terms of Service
- (1) These Terms and Conditions are entered into by and between you or your business
entity
("You" or the
"User") and Seamless Alts Platform LLC ("Seamless Alts," "Company" or "We"). The
following Terms and
Conditions (the "Terms"), govern access to and use of the website and applications
provided by us,
including any content, functionality and services offered on or through our website and
applications
(the "Services").
- (2) Please read the Terms carefully before you start to use the Services. By signing
and/or by clicking
accept or agree when this option is made available to you, you accept and agree to be
bound and abide by
the Terms during your use of the Services and our Privacy Policy (Privacy
Policy | Investors), incorporated herein by reference. Should you choose not to agree to these Terms or the
Privacy Policy, do not subscribe, register or use this Service. Your use of the Services
shall also be subject to the terms and conditions of Seamless Alts Master Services Agreement ("Master Agreement"), in
the event of conflict between these Terms and the Master Agreement, the Master Agreement will
prevail.
- (3) Our Service is not intended for anyone under 18 years of age. No one under age 18
may
provide any
information to the Company or the Service. We do not knowingly collect personal
information from anyone
under 18 years of age. If you are under the age of 18, do not use or provide any
information on this
Service or through any of its features, make any purchases through the Service, use any
of the
interactive or public comment features of this Service or provide any information about
yourself to us.
If you believe we might have any information from or about anyone under the age of 18,
please promptly
contact us at info@seamlessalts.com.
2. Changes to the Terms
- (1) We reserve the right to modify or update these Terms at our sole discretion. Any changes will
become effective as of the date indicated above.
- (2) Your continued use of the Service following the posting of revised Terms means that you accept and agree
to such changes. Please review this section periodically to stay informed of any updates, as they are
binding on you.
3. Description of the Service
- (1) The Company provides the Services through a digital platform that is designed to facilitate the
creation of Private Funds (as defined in the Master Services Agreement) for investments in private
portfolio companies, and to provide administrative support throughout a Private Fund's lifecycle.
The Service can be categorized into four (4) primary types (the categorization is not extensive and
intended for general informational purpose):
- (a) the User may onboard onto the Seamless Alts platform to create its user
profile;
- (b) a party offering a Private Fund through our platform (hereinafter, a "Customer")
may create and manage a Private Fund on our platform, as provided in the Master Agreement and
respective Deal Setup Forms (as described in the Master Agreement) by and between the Company
and such Customer (the terms of which are incorporated herein, as applicable);
- (c) The Users, including the Customers may invest in a Private Fund and access
administrative tools throughout the lifetime of the Private Fund, subject to the terms and conditions
of the relevant Private Fund and applicable laws;
- (d) Customers may facilitate the sale or purchase of interest in an Private Fund, through our
platform and in accordance with the terms set forth in this Agreement, the Master Services
Agreement and the Deal Setup Form; and
- (e) any other services provided by Seamless Alts to their Customers and users,
either directly via
the digital platform, Seamless Alts or third-party applications, or through
other methods
(whether online or offline), as determined by the Company in its sole
discretion.
Limitation of Liability: The Company does not provide investment advice
or act as an
advisor in any capacity. The Company is not responsible for any losses, damages, or
liabilities arising
out of or related to the use of the platform or any investment made in the Private
Funds. The Company's
role is limited to providing the platform and related administrative services, and all
decisions
regarding investments in Private Funds are made solely by the User or Customer. Users
and Customers
agree to indemnify and hold harmless the Company, its affiliates, officers, employees,
and agents from
any claims, losses, or damages arising from their use of the platform and participation
in Private
Funds.
- (2) The Service provided to Customers and users by Seamless Alts may involve:
the management and use of Investor Data and Personal Information (refer to our
Privacy Policy and Section 17 of these Terms, entitled "Investor Data Ownership and License; Use of
Investor Data"); issuance of contracts and amendments; the facilitation of equity secondary
transactions; and the leveraging of Seamless Alts compliance application programming interface ("APIs") to
comply with tax, regulatory, SEC and any other applicable rules and regulations, such as, but not
limited to, technology platforms used such as CSD, Seamless One, Auth0, AWS and MongoDB
Atlas.
4. Limitation of Services
User acknowledges and agrees that certain responsibilities and obligations are imposed by
U.S. federal, state
and non-U.S. securities laws; by the applicable rules and regulations of stock exchanges,
the National
Association of Securities Dealers, Inc. (collectively with its subsidiaries being
hereinafter referred to as
the "NASD"), in-house "due diligence" or "compliance" departments of licensed securities
firms, and other
relevant regulatory bodies. Accordingly, User hereby expressly agrees and acknowledges that
Seamless Alts
cannot, and will not, perform any actions on behalf of User or Customer that would require
Seamless Alts or
its affiliates to be subject to regulations under U.S. federal, state, or non-U.S.
securities laws,
including but not limited to, those applicable to registered investment advisers,
broker-dealers, or a
similarly regulated entities or functions. Seamless Alts Services are expressly limited to
those activities
as described in these Terms, Master Agreement (including Deal Setup Forms) and/or any
contemporaneous
agreement as such may exist by and between Seamless Alts and User. The Services provided by
Seamless Alts
are non-advisory in nature and are strictly limited to the platform and administrative
support described in
the Agreement. User and Customer are solely responsible for ensuring that all activities
related to the
implementation, registration and ongoing management of the Private Fund(s) are conducted in
accordance with
applicable laws and regulations. Seamless Alts shall not be liable for any failure to comply
with such laws
or regulations. Seamless Alts makes no representations or warranties regarding the
compliance of the Private
Fund with applicable securities laws, tax laws, or any other legal requirements. Not in
limitation of the
foregoing, Seamless Alts will not provide legal, financial, or investment advice. User is
responsible for
obtaining its own counsel in matters related to the Services as described herein. Seamless
Alts shall not be
required to maintain or expand its facilities, incur any capital expenditures, employ
additional or retain
personnel or maintain the employment of any specific persons in order to provide the
Services to User. to
the User are limited to the terms set forth in the Agreement, and any changes to the scope
of services or
requirements are subject to mutual agreement between the parties.
Limitation of Liability: Seamless Alts will not be liable for any legal,
regulatory, or
compliance-related issues arising from the User's or Customer's use of the Services. The
User and
Customer agree to indemnify and hold Seamless Alts its affiliates, officers, employees,
and agents
harmless from any and all claims, losses, liabilities, damages, or costs, including
legal fees, arising
from any failure by the User or Customer to comply with applicable laws or regulations.
5. Accessing the Services and Account Security
- (1) To use the Services, you must register for an account. Upon successful registration
each
user will be
assigned login details, email and password, through which the user will be able to
access their account
(the "Account") and the Services.
- (2) You are solely responsible for the following:
- (a) making all necessary arrangements to access to the Services, including but
not
limited to
obtaining and maintaining any hardware, software, or internet connectivity
required for use; and
- (b) ensuring that all individuals who access the Service through the Account are
aware of these
Terms and comply with them.
- (3) In order to access certain features of the Services, you may be required to provide specific
registration details or other information. You agree that it is a condition of your use of the Services
that all information you provide is accurate, current, and complete. You further agree that all
information you provide, whether in connection with your registration or otherwise through your use of
the Services, is subject to our Privacy Policy, and you consent to all actions taken by Seamless Alts in
relation to your information as described therein.
- (4) If you choose, or are provided with, a username, password or any other piece of
information as part of our security procedures, you agree to treat:
- (a) Treat such information as confidential and not disclose it to any third
party;
- (b) Acknowledge that the Account is intended solely for your business entity or
personal use and is
not to be shared with others;
- (c) Notify Seamless Alts immediately if you become aware of any unauthorized
access
to your Account
or any other security breach.
- (d) Exercise particular caution when accessing your Account from a public or
shared
computer to
prevent unauthorized parties from viewing or recording your username, password,
or other
personal information.
Limitation of Liability: You acknowledge and agree that you are
responsible for all
activities occurring under your Account, regardless of whether such activities were
authorized by you.
Seamless Alts, its affiliates, officers, employees, and agents shall not be liable for
any losses,
damages, or costs resulting from unauthorized access to your Account, and you agree to
indemnify and
hold Seamless Alts, its affiliates, officers, employees, and agents harmless from any
claims arising out
of any such unauthorized use.
6. Usage Restrictions
- (1) User shall not
- (a) modify, translate, adapt or otherwise create derivative works or
improvements,
whether or not
patentable, of the Service;
- (b) reverse engineer, disassemble, decompile, decode or otherwise attempt to
derive
or gain access
to the source code of the Service, Service or any part thereof;
- (c) remove, delete, alter or obscure any trademarks or any copyright, trademark,
patent or other
intellectual property or proprietary rights notices from the Service, including
any copy
thereof;
- (d) rent, lease, lend, sell, sublicense, assign, distribute, publish, transfer
or
otherwise make
available the Service or any features or functionality of the Service, to any
third party for
any reason, including but not limited to, by making the Service available on a
network where it
is capable of being accessed by more than one device at any time;
- (e) remove, disable, circumvent or otherwise create or implement any workaround
to
any copy
protection, rights management or security features in or protecting the Service;
- (f) offer, advertise or promote, in any manner, any services or products that
may
directly or
indirectly compete with those provided by us to users identified through the
Service.
- (2) If you wish to use any material from the Service in a manner other than as expressly
permitted by these
Terms, please send your request to info@seamlessalts.com. Any use of the Service outside the scope of
this Agreement
requires our prior written consent.
7. License; Reservation of Rights
- (1) Subject to your compliance with these Terms, we hereby grant you a limited,
non-exclusive,
non-transferable, non-sub licensable license to access and use the Service solely for
your internal
business purpose. This license does not include any resale, distribution and commercial
exploitation of
any Service or its contents. All rights not expressly granted to you in these Terms are
reserved and
retained by us. Neither the Service, nor any part of any Service, may be reproduced,
duplicated, copied,
sold, resold, visited, or otherwise exploited for any commercial purpose without our
express written
consent.
- (2) You do not acquire any ownership interest in the Service under these Terms, or any
other
rights thereto
other than to use the Service in accordance with the Agreement, and subject to all
terms, conditions and
restrictions, under these Terms. Company and its licensors and service providers reserve
and shall
retain their entire right, title and interest in and to the Service, including all
copyrights,
trademarks and other intellectual property rights there in or relating thereto, except
as expressly
granted to you in these Terms.
8. Intellectual Property Rights; Confidentiality
The Service and its entire contents, features and functionality including but not limited to
all information,
software, text, displays, images, video and audio, and the design, selection and arrangement
thereof, are
owned by the Company, its licensors or other providers of such material and are protected by
U.S. and
international copyright, trademark, patent, trade secret and other intellectual property or
proprietary
rights laws.
9. Trademarks
The Company name, the terms, the Company logo and all related names, logos, product and
service names,
designs and slogans and/or trade names are trademarks of the Company or its affiliates or
licensors. You
must not use such marks without the prior written permission of the Company. All other
names, logos, product
and service names, designs and slogans on this Service are the trademarks of their
respective owners and
protected under the trademark law.
You acknowledge that no ownership or rights to any such marks are transferred to you by your
use of the
Service, and any unauthorized use of such marks may result in legal action.
10. Your Responsibilities
You are solely responsible for:
- (a) the operation, performance and security of your equipment, networks and other
computing
resources needed
and used to connect to and make full use of the Services;
- (b) maintaining the confidentiality of your accounts, passwords and personal
identification
numbers used in
conjunction with the Services;
- (c) all uses of the Services by You; and
- (d) notifying us immediately of any unauthorized use of its account or any other breach
of
security.
You agree to hold the Company harmless from and indemnify the Company against any and all
claims, losses,
liabilities, damages, costs, or expenses (including reasonable attorneys' fees) that may
arise as a result
of any unauthorized use of your account or any breach of security.
The Company will not be held liable for any losses, damages, or other adverse consequences
that may result
from the use of your account or password by a third party, regardless of whether such use
was authorized or
unauthorized. You acknowledge and agree that any such use is your responsibility and that
the Company shall
have no liability in connection with it.
11. Fees; Billing and Payment
- (1) We charge fees for certain features of the Service. The fees applicable to You and
the
billing details
shall be outlined on our website or in a written contract such as the Deal Setup Form as
described in
the Master Agreement. Payments shall be made in accordance with the invoices sent by the
Company and in
accordance with the Master Services Agreement and Deal Setup Form between User and
Company.
- (2) If you pay by credit card or certain other payment instruments, the Service provides
a
link to our
payment processing agent. You agree to promptly update your account information with any
changes that
may occur. You further acknowledge and agree that any payment processing agent engaged
by the Company
will be permitted to access and process your payment information solely for the purpose
of processing
payments, and will not be allowed to store, retain, or use your billing information for
any other
purpose.
- (3) You are solely responsible for any and all bank charges, transaction fees, and costs
associated with
payments for the Service, including, but not limited to, fees imposed by correspondent
banks or for
money transfers. These fees will be borne entirely by you and are in addition to any
fees for the
Service itself.
12. Prohibited Uses
- (1) User may use and/or access the Service only for lawful purposes and in accordance with these
Terms. You agree not to use and/or access the Service:
- (a) in any way that violates any applicable law or regulation (including,
without
limitation, any
laws regarding the export of data or software to and from the U.S. or other
countries);
- (b) for the purpose of exploiting, harming or attempting to exploit or harm
minors
in any way by
exposing them to inappropriate content, asking for personally identifiable
information or
otherwise;
- (c) to send, knowingly receive, upload, download, use or re-use any material
which
does not comply
with the content standards set out in these Terms;
- (d) to transmit, or procure the sending of, any advertising or promotional
material without our
prior written consent, including any "junk mail", "chain letter" or "spam" or
any other similar
solicitation; and
- (e) to impersonate or attempt to impersonate the Company, a Company employee,
another user or any
other person or entity (including, without limitation, by using e-mail addresses
or screen names
associated with any of the foregoing).
- (2) Additionally, you agree not to:
- (a) use the Service in any manner that could disable, overburden, damage, or
impair
the site or
interfere with any other party's use of the Service, including their ability to
engage in real
time activities through the Service;
- (b) use any robot, spider, data mining tools or other automatic device, process
or
means to access
the Service for any purpose, including monitoring or copying any of the material
on the Service;
- (c) use any device, software or routine that interferes with the proper working
of
the Service;
- (d) introduce any viruses, trojan horses, worms, ransomware, logic bombs or
other
material which is
malicious or technologically harmful;
- (e) attempt to gain unauthorized access to, interfere with, damage or disrupt
any
parts of the
Service, or any server, computer or database connected to the Service;
- (f) attack the Service via a denial-of-service attack or a distributed
denial-of-service attack; or
- (g) attempt to access or use any part of the Service that is restricted or not
publicly available,
or to circumvent any security measures that control access to the Service;
- (h) engage in any activity that could create a risk to the security or integrity
of
the Service,
including but not limited to attempting to reverse engineer, decompile, or
disassemble any
software or technology used in the Service;
- (i) use the Service to engage in any illegal activity, including but not limited
to
violating
intellectual property rights, fraud, harassment, or any conduct that would
constitute a criminal
offense or give rise to civil liability;
- (j) use the Service to transmit or store any data or content that infringes the
rights of third parties or violates any applicable laws or regulations, including but not
limited to laws regarding intellectual property, privacy, or data protection; or
- (k) engage in any other conduct that could harm the reputation, integrity, or
functionality of the Service or the Company.
13. Monitoring and Enforcement; Termination
- (1) We reserve the right to:
- (a) remove or refuse to post any User contributions at our sole discretion for
any
or no reason,
including but not limited to those that violate these Terms or are deemed
harmful to the Service
or its users;
- (b) take any action with respect to any User contribution that we deem necessary
or
appropriate upon
our sole discretion, including but not limited to, if we believe that such Users
contribution
violates the Terms, including the content standards, infringes any intellectual
property right
or other right of any person or entity, threatens the personal safety of users
of the Service or
the public or could create liability for the Company or its affiliates,
including reputational
damage or financial harm;
- (c) disclose your identity or other information about you to any third party who
claims that
material posted by you violates their rights, including their intellectual
property rights or
their right to privacy or other legal rights;
- (d) take appropriate legal action, including without limitation, referral to law
enforcement, for
any illegal or unauthorized use of the Service;
- (e) implement any other actions or policies that we deem necessary to ensure the integrity,
security, and smooth operation of the Service, including changes to the functionality, features, or
accessibility of the Service; and/or
- (f) terminate or suspend your access to all or part of the Service for any or no reason, including
without limitation, any violation of these Terms.
- (2) Without limiting the foregoing, We have the right to fully cooperate with any law
enforcement
authorities or court order requesting or directing us to disclose the identity or other
information of
any individual posting any materials on or through the Service. YOU WAIVE,
INDEMNIFY AND HOLD HARMLESS THE COMPANY AND ITS AFFILIATES, LICENSEES AND SERVICE
PROVIDERS FROM ANY
CLAIMS RESULTING FROM ANY ACTION TAKEN BY ANY OF THE FOREGOING PARTIES DURING OR AS
A RESULT OF ITS
INVESTIGATIONS AND FROM ANY ACTIONS TAKEN AS A CONSEQUENCE OF INVESTIGATIONS BY
EITHER SUCH PARTIES
OR LAW ENFORCEMENT AUTHORITIES.
- (3) However, We cannot review material before it is posted on the Service, and cannot
ensure
prompt removal
of objectionable material after it has been posted. Accordingly, We assume no liability
for any action
or inaction regarding transmissions, communications or content provided by any user or
third party. We
expressly disclaim any liability or responsibility for the performance or nonperformance
of the
activities described in this section, and we shall not be held liable for any
consequences arising from
such activities, including but not limited to the presence of objectionable material on
the Service.
14. Content Standards
These content standards apply to any and all user contributions and use of interactive
services. User
contributions must comply in their entirety with all applicable U.S. federal, state, local,
and
international laws and regulations. Without limiting the foregoing, user contributions must
not:
- (a) contain any material which is defamatory, obscene, indecent, abusive, offensive,
harassing, violent,
hateful, inflammatory or otherwise objectionable, as determined by the Company in its
sole discretion;
- (b) promote sexually explicit or pornographic material, violence, or discrimination
based on
race, sex,
religion, nationality, disability, sexual orientation or age, or any other
characteristic protected by
applicable law;
- (c) infringe any intellectual property, including but not limited to, patent, trademark,
trade secret,
copyright or other proprietary rights;
- (d) violate the legal rights of other, including but not limited to. rights of publicity
and
privacy of
others or contain any material that could give rise to any civil or criminal liability
under applicable
laws or regulations or that otherwise may be in conflict with these Terms and our
Privacy Policy;
- (e) be likely to deceive or mislead any person, including by spreading false or
misleading
information;
- (f) promote any illegal activity, or advocate, promote or assist any unlawful act
including
but not limited
to, fraud, harassment, or violations of intellectual property laws;
- (g) cause annoyance, inconvenience or needless anxiety or be likely to upset, embarrass,
alarm or annoy any
other person;
- (h) impersonate any person, or misrepresent your identity or affiliation with any person
or
organization;
- (i) give the impression that they emanate from or are endorsed by us or any other person
or
entity, if this
is not the case;
- (j) contain any material or information which may be false or misleading, notably as it
relates to
investments presented through the Services.
15. Reliance on Information Posted
The information presented on or through the Service is made available solely for general
information purposes. We do not warrant the accuracy, completeness or usefulness of this
information, including without limitation any information provided by a User with respect to
Private Fund(s). Any reliance you place on such information is strictly at your own risk. WE
DISCLAIM ALL LIABILITY AND RESPONSIBILITY ARISING FROM ANY RELIANCE PLACED ON SUCH
MATERIALS BY YOU OR ANY OTHER USERS OF THE SERVICE, OR BY ANYONE WHO MAY BE INFORMED OF
ANY OF ITS CONTENTS.
16. Updates to the Service
- (1) Company may from time to time in its sole discretion develop and provide Service updates,
which may include upgrades, bug fixes, patches and other error corrections and/or new features
(collectively, including related documentation, "Updates"). Updates may also modify or delete in
their entirety certain features and functionality. You acknowledge and agree that the Company
has no obligation to provide any Updates or to continue to provide or enable any particular
features or functionality.
- (2) You agree to promptly download and install all Service Updates and further acknowledge and
agree that the Service or portions thereof may not properly operate if you fail to do so. All
Updates will be deemed part of the Service and be subject to all terms and conditions of these
Terms. Any of the material on the Service may be out of date at any given time, and We are under
no obligation to update such material.
- (3) We reserve the right to withdraw or amend this Service, including mobile applications and any
material, at our sole discretion without notice. We will not be liable if for any reason all or any
part of the Service is unavailable at any time or for any period. From time to time, We, at our sole
discretion, may restrict access to some parts of the Service, or the entire Service, to users,
including registered users. We may also cease support for older versions of the Service upon the
release of new Updates.
17. Investor Data Ownership and License; Use of Investor Data
All information We collect through this Service is subject to our Privacy Policy. By accessing and
using the Service, you consent to all actions taken by us with respect to the Investor Data in
compliance with the Privacy Policy. Not in limitation of the foregoing, you bear all responsibility
and liability for the accuracy, completeness, quality, integrity, legality, reliability and
appropriateness of the Investor Data. Seamless Alts shall not be held liable for inaccuracies or
deficiencies in the data provided by users. Without limiting any rights granted herein, You hereby
grant to Seamless Alts and its affiliates, employees, contractors, licensors, commercial partners
and subcontractors, a nonexclusive, royalty-free right and license to access, collect, use, analyze,
disclose, transmit, distribute, modify, reproduce, display and store Investor Data for the purposes
of:
(i) providing the Services as set forth in these Terms and Master Agreement to You and other
services or products to You as may be offered by Seamless Alts (or other commercial partners of
Seamless Alts) through the Seamless Alts platform from time to time;
(ii) enforcing Seamless Alts rights under these Terms or Master Agreement, including but not
limited to resolving disputes and ensuring compliance;
(iii) enhancing and improving the services set forth in these Terms and Master Services
Agreement, including but not limited to, conducting technical and operational improvements to
the Service; and
(iv) conducting research, development, and marketing (including for services or products
provided by Seamless Alts and/or third parties). This may also include, but is not limited to,
statistical analysis, product improvement, and promotional activities related to the Service.
For the purposes of the Terms, "Investor Data" means all data and other information,
including, without limitation, any and all Personal Information (as defined below), from or relating to you
that you provided to Seamless Alts (or its affiliates, employees, contractors, licensors, commercial
partners (including the Customer) or subcontractors) through or in connection with Services set
forth in these Terms and Master Services Agreement or otherwise in connection therewith.
"Personal Information" means any information relating to an identified individual, or to an
individual who can reasonably be identified, directly or indirectly, by reference to such
information, or as personal information or personal data is otherwise defined under applicable
data privacy laws, including, without limitation, the Consumer Privacy Act, Cal. Civ.Code ยงยง
1798.100 et seq., and any and all amendments and any implementing regulations thereto that
become effective on or after the effective date of this Agreement.
By using the Service, you further agree to comply with all applicable data privacy laws and
regulations concerning the handling of Personal Information, including ensuring that all
Investor Data is lawfully collected, processed, and provided in accordance with such
applicable laws.
18. Refund Policy
- (1) Unless otherwise specifically provided in the applicable Master Agreement and/or Deal Setup
Form between the Company and User, you acknowledge and agree that no refunds for fees or
payments will be provided to you if you choose to terminate your subscription to the Service or
cancel your account. Following the termination or cancellation of your subscription to the Service
and to the extent permitted by law, We reserve the right to delete all data and information
regarding the account and your activities, including any User contributions, and shall not be liable
for any losses or damages incurred as a result of such deletion.
- (2) The Company reserves the right to terminate these Terms at any time without notice.
Additionally, these Terms will terminate automatically without notice if you violate any of its
terms or conditions. Upon termination, all obligations and liabilities of the Company to you shall
be extinguished, and any outstanding payments owed by you to the Company will remain due and
payable.
Termination of these Terms will not limit any rights or remedies available to the Company, whether at
law or in equity, including any right to seek damages for violations of these Terms. In the event of
termination, any provisions of these Terms that, by their nature, should survive termination
(including, without limitation, provisions regarding limitation of liability, indemnity, and
confidentiality) shall remain in full force and effect.
19. Disclaimer of Warranties
- (1) You acknowledge and agree that We cannot and do not guarantee or warrant that files
available for download from the internet or the Service will be free of viruses or
malicious code or other harmful elements. You are solely responsible for implementing
sufficient procedures and checkpoints to satisfy your particular requirements for
anti-virus protection and accuracy of data input and output, and maintaining backup
copies of your data. WE WILL NOT BE LIABLE FOR ANY LOSS OR DAMAGE
CAUSED BY A DISTRIBUTED DENIAL-OF-SERVICE ATTACK, VIRUSES OR OTHER TECHNOLOGICALLY
HARMFUL MATERIAL THAT MAY INFECT YOUR COMPUTER EQUIPMENT, COMPUTER PROGRAMS, DATA OR
OTHER PROPRIETARY MATERIAL DUE TO YOUR USE OF THE SERVICE OR ANY SERVICES OR ITEMS
OBTAINED THROUGH THE SERVICE OR TO YOUR DOWNLOADING OF ANY MATERIAL POSTED ON IT, OR
ON ANY WEBSITE LINKED TO IT. YOUR USE OF THE SERVICE, ITS CONTENT AND ANY SERVICES
OR ITEMS OBTAINED THROUGH THE SERVICE IS AT YOUR OWN RISK. THE SERVICE, ITS CONTENT
AND ANY SERVICES OR ITEMS OBTAINED THROUGH THE SERVICE ARE PROVIDED ON AN "AS IS"
AND "AS AVAILABLE" BASIS AND WITH ALL FAULTS AND DEFECTS WITHOUT ANY WARRANTIES OF
ANY KIND, EITHER EXPRESS OR IMPLIED. NEITHER THE COMPANY NOR ANY PERSON ASSOCIATED
WITH THE COMPANY MAKES ANY WARRANTY OR REPRESENTATION WITH RESPECT TO THE
COMPLETENESS, SECURITY, RELIABILITY, QUALITY, ACCURACY OR AVAILABILITY OF THE
SERVICE. ALL INFORMATION PROVIDED REGARDING PRIVATE FUND(S) ARE PROVIDED BY THE USER
AND ARE NOT REVIEWED BY THE COMPANY AND THE COMPANY IS NOT RESPONSIBLE FOR ANY SUCH
CONTENT. WITHOUT LIMITING THE FOREGOING, NEITHER THE COMPANY NOR ANYONE ASSOCIATED
WITH THE COMPANY REPRESENTS OR WARRANTS THAT THE SERVICE, ITS CONTENT OR ANY
SERVICES OR ITEMS OBTAINED THROUGH THE SERVICE WILL BE ACCURATE, RELIABLE,
ERROR-FREE OR UNINTERRUPTED,THAT DEFECTS WILL BE CORRECTED, THAT OUR SITE OR THE
SERVER THAT MAKES IT AVAILABLE ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS OR
THAT THE SERVICE OR ANY SERVICES OR ITEMS OBTAINED THROUGH THE SERVICE WILL
OTHERWISE MEET YOUR NEEDS OR EXPECTATIONS. THE COMPANY HEREBY DISCLAIMS ALL
WARRANTIES OF ANY KIND, WHETHER EXPRESSED OR IMPLIED, STATUTORY OR OTHERWISE,
INCLUDING BUT NOT LIMITED TO ANY WARRANTIES OF MERCHANTABILITY, NON-INFRINGEMENT AND
FITNESS FOR PARTICULAR PURPOSE. THE FOREGOING DOES NOT AFFECT ANY WARRANTIES WHICH
CANNOT BE EXCLUDED OR LIMITED UNDER APPLICABLE LAW.
20. Specific Disclaimers
- (1) Nothing herein shall be construed to create an attorney-client relationship, a fiduciary duty or
any other relationship between You and the Company. You agree that the Company's obligations
pursuant to these Terms are of a solely administrative nature and that the Company does not owe
you any duty of care. You further agree and understand that the Company is not a licensed
investment adviser or exempt reporting adviser and does not provide investment advisory
services; however, the Company may provide such services through an affiliated entity acting as an
exempt reporting adviser. The Company does not provide any investment advice, tax advice,
accounting advice, legal advice and/or legal services in connection with these Terms to You. You
are advised to seek counsel of legal advisor, accountant or tax professionals pertaining to any
offering of units in a fund and any purchase of securities through the Services.
Notwithstanding anything to the contrary, any such services provided by the affiliated entity are
separate and distinct from the Company's role under these Terms, and the Company shall not be
responsible or liable for any actions or omissions of the affiliated entity, including but not limited
to the provision of investment advice. The Company disclaims any liability for any reliance placed by
You on any services rendered by the affiliated entity.
- (2) You are aware that the Company has multiple Users and multiple Private Funds offered
through the Services. You understand that the Company or its affiliates may invest in such Private
Funds. You acknowledge and agree that the Company will most likely have a conflict of interest
in providing services to a Private Fund, a fund and other clients and expressly waives and
disclaims any claims or causes of action You may have arising from or related to such conflicts
or potential conflicts of interest. You acknowledge that the Company's relationship with You
under the terms of these Terms in no way precludes the Company from working with other
investment platforms or groups, venture capital organizations and fund sponsors, private equity
fund sponsors and/or investors. You agree that the Company is under no obligation to disclose
the specific details of any such conflicts or to act in any way that could mitigate any potential
conflict arising from its work with other parties.
21. Limitation on Liability
- (1) IN NO EVENT WILL THE COMPANY, ITS AFFILIATES OR THEIR
LICENSORS,
SERVICE PROVIDERS, EMPLOYEES, AGENTS, OFFICERS OR DIRECTORS BE LIABLE FOR DAMAGES OF
ANY KIND, UNDER ANY LEGAL THEORY, ARISING OUT OF OR IN CONNECTION WITH YOUR USE, OR
INABILITY TO USE, THE SERVICE, ANY WEBSITES LINKED TO IT, ANY CONTENT ON THE SERVICE
OR SUCH OTHER WEBSITES OR ANY SERVICES OR ITEMS OBTAINED THROUGH THE SERVICE OR SUCH
OTHER WEBSITES, INCLUDING ANY DIRECT, INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL
OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO, PERSONAL INJURY, PAIN AND
SUFFERING, EMOTIONAL DISTRESS, LOSS OF REVENUE, LOSS OF PROFITS, LOSS OF BUSINESS OR
ANTICIPATED SAVINGS, LOSS OF USE, LOSS OF GOODWILL, LOSS OF DATA, AND WHETHER CAUSED
BY TORT (INCLUDING NEGLIGENCE), BREACH OF CONTRACT OR OTHERWISE, EVEN IF
FORESEEABLE.
- (2) THE FOREGOING DOES NOT AFFECT ANY LIABILITY WHICH CANNOT BE
EXCLUDED OR LIMITED UNDER APPLICABLE LAW.
22. Indemnification
You agree to defend, indemnify and hold harmless the Company, its affiliates, licensors and
service providers, and its and their respective officers, directors, employees, contractors,
agents, licensors, suppliers, successors and assigns from and against any and all claims,
liabilities, damages, judgments, awards, losses, costs, expenses or fees (including
reasonable attorneys' fees) directly or indirectly arising out of or relating to:
(i) any and all violation of these Terms or your use of the Service, including, but not
limited to, your user contributions, any use of the Service's content, services and
products other than as expressly authorized in these Terms or your use of any
information obtained from the Service, whether or not such violations are known to you
or unintentional;
(ii) any claims, losses, damages, or liabilities arising from any securities of a target
company or interest in Private Fund or fund with which you are associated, including,
but not limited to, any actions you take in connection with those interests or any
failure to comply with applicable laws, regulations, or contractual obligations; or
(iii) Company's role as the manager of a Private Fund or a fund or its performance of
administrative services on behalf of a Private Fund or a fund, including any claims
relating to your participation or involvement in such entities or funds, regardless of
whether such claims arise directly or indirectly from your actions or omissions.
23. Export Regulations
The Service may be subject to U.S. or international export control laws, regulations and
rules. You shall not, directly or indirectly, export, re-export or release the Service to,
or make the Service accessible from, any jurisdiction or country to which export, re-export
or release is prohibited by law, rule or regulation. You shall comply with all applicable
laws, regulations and rules, and complete all required undertakings (including obtaining any
necessary export license or other governmental approval), prior to exporting, re-exporting,
releasing or otherwise making the Service available outside the U.S. You further acknowledge
that the Company shall have no responsibility or liability for any breach of these
requirements by you, and that you will hold the Company harmless from any claims, damages,
fines, or penalties resulting from your violation of any applicable export control laws.
24. Governing Law and Jurisdiction
- (1) All matters relating to the Service and these Terms and any dispute or claim arising there from
or related thereto (in each case, including non-contractual disputes or claims), shall be
governed by and construed in accordance with the laws of State of Illinois, without giving effect
to any choice or conflict of law provision or rule. The application of the United Nations
Convention for the International Sale of Goods is expressly excluded.
- (2) The state and federal courts in the State of Illinois, DuPage County, shall have exclusive
jurisdiction over matters arising under or associated with this Agreement. The Parties consent to
such courts' exclusive jurisdiction and venue and irrevocably waive any objections thereto.
25. Limitation on Time to File Claims
ANY CAUSE OF ACTION OR CLAIM YOU MAY HAVE ARISING OUT OF OR RELATING
TO THESE TERMS OR THE SERVICE MUST BE FILED WITHIN ONE (1) YEAR FROM THE DATE THE CAUSE
OF ACTION ACCRUES, OTHERWISE, SUCH CAUSE OF ACTION OR CLAIM IS PERMANENTLY
BARRED.
For purposes of this provision, the cause of action or claim shall be deemed to accrue on the
date you first became aware of, or reasonably should have become aware of, the facts giving
rise to the cause of action or claim.
26. Waiver and Severability
- (1) No waiver of by the Company of any term or condition set forth in these Terms shall
be
deemed a further or continuing waiver of such term or condition or a waiver of any other
term or condition, and any failure of the Company to assert a right or provision under
these Terms shall not constitute a waiver of such right or provision.
- (2) If any provision of these Terms is held by a court to be invalid, illegal or
unenforceable for any reason, such provision shall be eliminated or limited to the
minimum extent such that the remaining provisions of the Terms will continue in full
force and effect.
27. Relationship of the Parties
These Terms are not an agency, partnership, joint venture, employment or other such business
arrangement. You may not act as agent for, or on behalf of, the Company, or to represent the
Company, or bind the Company in any manner.
28. Assignment
The Company may assign these Terms or any part of them, and the Company may delegate any of
its obligations under these Terms. You may not assign these Terms or any part of them, nor
transfer or sub-license your rights under these Terms, to any third party.
29. Your Comments and Concerns
The Services are operated by Seamless Alts and its affiliates as the case may be.
All other feedback, comments, requests for technical support and other communications relating
to the Service should be directed to info@seamlessalts.com.