SUBSCRIPTION AND SERVICES AGREEMENT
This Subscription and Services Agreement
(“Agreement”) is entered into by and
between the individual who has created an account via the Purchase Page (as
defined below) as well as any applicable business entity for which such account
was created (collectively, “you” “your” or “User”) and Context Summits, LLC (“Context”,
“we” “our”
or “us”). The terms of this Agreement, together with
any documents expressly incorporated by reference, govern your access to and
use of the Context® 365 software platform (the Context software platform including
any specific functionalities you selected on the account creation and/or
purchase page for the Context software platform (the “Purchase Page”) as well as any data, source code, templates, tools,
processes, methodologies, trade secrets, or other information contained
therein, including any improvements or enhancements made thereto are collectively,
the “Services”).
By clicking to accept or agree to this Agreement when this option is made
available to you, you accept and agree to complete such documents as may be
required by Context to access the Services and to be bound and abide by the
terms of this Agreement and our Privacy Policy (found at https://go.contextsummits.com/Home/PrivacyPolicy
and hereinafter referred to as, the “Privacy
Policy”) and Terms of Use (found at https://go.contextsummits.com/Home/TermsOfUse)
(“collectively, the “Context Policies”),
each of which are incorporated herein by reference. Any conflicts between such terms and disclosures and this
Agreement will be governed by this Agreement except in the case of the Privacy
Policy which will govern with respect to non-public personal information about individuals.
To the extent you have purchased the Services on behalf of a company or other
business entity, you additionally represent that you have the authority to
enter into this Agreement on behalf of such entity, and agree that the entity,
and all of its employees and users will be bound by this Agreement. If you and
your business entity do not wish to be bound by this Agreement, you may not use
the Services. This Agreement shall be effective as of the date on which you
click your acceptance or agreement of this Agreement (the “Effective Date”). If you are an investor, you
acknowledge and agree that by using the Services you agree to be contacted by
private fund managers and other users who are also using the Services. If you
are a private fund adviser, you hereby acknowledge and agree that by using the
Services you agree to have your Account Information shared with (i) third party
services providers who may contact you for purposes of discussing the services
they offer and (ii) other users of the Services.
1.
SAAS SERVICES AND
SUPPORT
1.1
Subject to the
terms of this Agreement, (i) Context hereby grants User a limited,
non-exclusive, non-transferable, non-sublicensable license to use the Services
during the Term (as defined below) subject to the terms and conditions set
forth herein and any limitations or usage restrictions, including but not
limited to, the number of authorized users, set forth on the Purchase Page; and
(ii) Context will use commercially reasonable efforts to provide User the
Services. As part of the registration process, User will identify an
administrative user name and password for User’s Context account as well as
certain registration details or other information. User agrees that all
information provided to register with, or in connection with User’s use of, the
Services, including but not limited to through the use of any interactive features,
is governed by the Privacy Policy and User consents to all actions Context takes
with respect to its information consistent with the Privacy Policy. Context
reserves the right to cancel or require the modification of user names and/or passwords
at any time for purposes of security or compliance with this Agreement or
Applicable Law. Additional limitations and requirements for users, user names
or passwords may be set forth on the Purchase Page or in other disclosures
regarding the Services.
1.2
Subject to the
terms hereof, Context will provide User with reasonable technical support
services in accordance with Context’s standard practice.
2.
RESTRICTIONS AND
RESPONSIBILITIES
2.1
User will not,
directly or indirectly: reverse engineer, decompile, disassemble or otherwise
attempt to discover the source code, object code or underlying structure,
ideas, know-how or algorithms relevant to the Services or any software,
documentation or data related to the Services; modify, translate, copy, or
create derivative works based on, the Services; use the Services for
timesharing or service bureau purposes or otherwise for the benefit of a third
party; share any log-in or account credentials with any third party other than
User’s employees or agents for whom User has purchased a subscription; or
remove any proprietary notices or labels contained within the Services.
2.2
User represents,
covenants, and warrants that User will use the Services only in compliance with
(i) this Agreement and the Context Policies, as each may be updated or amended
from time to time as provided herein; (ii) any additional published policies or
disclosures about the Services then in effect; (iii) any additional usage
restrictions set forth on the Purchase Page; and (iv) Applicable Law (hereafter
defined). Although Context has no obligation to monitor User’s use of the
Services, Context may do so and, to the extent Context determines that User is
in violation of any of the foregoing it shall be deemed a material breach of
this Agreement.
2.3
Context may
revise and update the terms of this Agreement from time to time in our sole
discretion and without prior notice, except that we will notify you of any
material changes to the Agreement, including, but not limited to, changes to
the payment terms, dispute resolution, governing law and jurisdiction
provisions set forth herein (“Material
Changes”). All changes are effective immediately upon posting by Context,
however, Material Changes will not apply to any disputes that arise prior to
the date that User has actual notice of such Material Changes. User’s continued
use of the Services following the posting of a revised Agreement means that User
accepts and agrees to the changes. You are expected to check https://go.contextsummits.com/Home/SubscriptionAgreement/from time to time so you are aware of any changes, as
they are binding on you.
2.4
User shall be
responsible for obtaining and maintaining any equipment and ancillary services
needed to connect to, access or otherwise use the Services, including, without
limitation, modems, hardware, servers, software, operating systems, networking,
web servers and the like (collectively, “Equipment”).
User shall also be responsible for the operation, and maintaining the security,
of the Equipment, User account, passwords (including but not limited to administrative
and user passwords) and files, and for all uses of User account or the
Equipment with or without User’s knowledge or consent.
2.5
You represent,
warrant, covenant and agree to (i) completely, accurately, and timely complete
your account and profile information (which includes eligibility questionnaire(s) for
investors and profiles for managers/funds) (collectively, “Account Information”); (ii) that your
Account Information complies with Applicable Law; and (iii) ensure that your
Account information remains complete and accurate, and to promptly update your
Account Information to the extent it becomes incomplete, inaccurate or untrue
or as may be requested by Context from time to time. To
the extent you are a private fund adviser you acknowledge that you are required
to provide and update information relating to the performance of your private fund(s)
on a monthly basis. You further acknowledge that failure to provide such
monthly updates may result in limited or discontinued use of the Services, in Context’s
sole discretion. To the extent that you request that Context input any Account
Information to the Services on your behalf, (i) you agree to promptly review
such Account Information as it appears in the Services and immediately notify
Context of any errors or omissions resulting from Context’s entry of the
associated data; (ii) you acknowledge that your sole remedy for any such errors
or omissions is for Context to promptly correct such errors or omissions upon
receipt of notice from you and Context shall have no further liability with
respect thereto.
2.6
In addition to
any other restrictions set forth herein, User may not use the Services
(including, without limitation, through User-Posted Materials (hereafter
defined)): (i) for the purpose of exploiting, harming or attempting to exploit
or harm any third parties in any way by exposing them to inappropriate content,
or otherwise; (ii) to send, knowingly receive, upload, download, use or re-use
any material which does not comply with this Agreement and the Content
Standards (as described in further detail below); (iii) to transmit, or procure
the sending of, any unsolicited advertising or promotional material without our
prior written consent, including any “junk mail”, “chain letter” or “spam” or
any other similar solicitation; (iv) to impersonate or attempt to impersonate
Context, a Context employee, another user or any other person or entity; (v) to
engage in any other conduct that restricts or inhibits anyone’s use or enjoyment
of the Services, or which, as determined by us, may harm the Context or users
of the Services or expose them to liability; (vi) to develop any third-party
applications that interact with the Services or other users’ content or
information, without our express written consent; (vii) in any way that
attempts to gain unauthorized access to, interfere with, damage or disrupt any
parts of the Services that you are not authorized to access, including any
server, computer or database connected to the Services; (viii) in conjunction
with any robots, spiders, scripts, service, software or any manual or automatic
device, tool, or process designed to data mine or scrape the content, data or
information from the Services, or otherwise access or collect the content, data
or information from the Services using automated means; or (ix) in a way that
circumvents any content-filtering techniques we employ or otherwise attempts to
interfere with the proper working of the Services.
3.
USER-POSTED
MATERIALS
3.1
The Services allow
users to post, submit, publish, display or transmit to other users
(hereinafter, “post”) content or materials (collectively, along with
Account Information able to be viewed by other users, “User-Posted
Materials”) on or through the Services. All User-Posted Materials
must comply with the Content Standards. User acknowledges that User-Posted
Materials will be considered non-confidential and non-proprietary. By providing
any User-Posted Materials on the Services, you grant Context and our affiliates
and service providers, and each of their and our respective licensees,
successors and assigns the right to use, reproduce, modify, perform, display,
distribute, promote, broadcast, and otherwise disclose to third parties any
such material for any purpose in any and all media or distribution methods now
known or later developed in accordance with the Privacy Policy and Applicable
Law. Notwithstanding the foregoing, if User becomes in possession of any material,
non-public information about an issuer or security that is discussed,
presented, or otherwise made available to User through the Services (whether by
another user of the Services or otherwise), such material, non-public
information must be kept confidential and may not be distributed, shared, or
disclosed to any third party (whether verbally or in writing or other tangible
form) without the express prior written approval of Context or its designee and
in accordance with Applicable Law.
3.2
To the extent you appear in, create, upload, post, or send User-Posted
Materials, you hereby grant Context and our respective licensees, successors
and assigns, the unrestricted, worldwide, perpetual right and license to use
your name, likeness, image and voice, including in connection with commercial
or sponsored content made available as part of the Services. You acknowledge
that you will not be entitled to any compensation from Context, our affiliates,
or our business partners if your name, likeness, or voice is conveyed through
the Services, either on the Services or on one of our business partner’s
platforms.
3.3
You represent and
warrant that: (i) you own or control all rights in and to the User-Posted
Materials and have the right to grant the license granted above to us and our
affiliates and service providers, and each of their and our respective
licensees, successors and assigns; and (ii) all of your User-Posted Materials
do and will comply with this Agreement (including, without limitation, Section
4.1) and Applicable Law, including, without limitation, that they are accurate,
complete, and timely. Furthermore, you hereby agree not to post or otherwise
make available via the Services any advertising or marketing materials unless
such materials are in compliance with Applicable Law.
3.4
You acknowledge and
agree that you are solely responsible for any User-Posted Materials you submit
or contribute, and you, not Context, have full responsibility for such content,
including its legality, reliability, accuracy and appropriateness. You
acknowledge and agree that neither Context nor its affiliates are responsible
or liable to you, any other user or any third party for the content,
timeliness, completeness or accuracy of any User-Posted Materials posted by you
or any other user of the Services and Context and its affiliates specifically
disclaim such responsibility and liability to you, any other user and any third
party.
3.5
Context has the
right, at its sole discretion, to: (i) remove or refuse to post any User-Posted
Materials (in whole or in part) for any or no reason; (ii) take any action with
respect to any User-Posted Materials that Context deems necessary or
appropriate, including if Context believes such User-Posted Materials violate this
Agreement, 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 Services or the public or could create liability for the Context;
(iii) disclose your identity or other information about you to any third party (including
a regulatory or governmental body) who claims that User-Posted Materials or materials
otherwise provided by you violate Applicable Law or their rights, including
their intellectual property rights or their right to privacy; (iv) take
appropriate legal action, including without limitation, referral to law enforcement,
for any illegal or unauthorized use of the Services; and (v) terminate or
suspend your access to all or part of the Services for any or no reason,
including without limitation, any violation of this Agreement or the terms of
any other commercial agreement you have entered into with Context or its
affiliates.
3.6
Without limiting
the foregoing, Context has the right to fully cooperate with any law
enforcement, governmental, or regulatory authorities or court order requesting
or directing us to disclose the identity or other information of anyone posting
any materials on or through the Services. YOU WAIVE AND HOLD HARMLESS CONTEXT
AND ITS OWNERS, AFFILIATES, LICENSEES AND SERVICE PROVIDERS AND THEIR
RESPECTIVE OFFICERS, DIRECTORS, AND EMPLOYEES FROM ANY CLAIMS RESULTING FROM
ANY ACTION TAKEN BY CONTEXT/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 THE COMPANY/SUCH PARTIES OR LAW ENFORCEMENT
AUTHORITIES.
3.7
Notwithstanding
anything to the contrary, Context does not and will not undertake to review any
or all User-Posted Materials before being posted on the Services, and cannot
ensure prompt removal of objectionable material after it has been posted.
Accordingly, you acknowledge and agree that Context and its affiliates assume
no liability for any action or inaction regarding transmissions, communications
or content provided by any user of the Services or third party. Context shall
have no liability or responsibility to anyone for performance or nonperformance
of the activities described in this section.
4.
CONTENT STANDARDS
4.1
Any User-Posted
Materials you provide must, in their entirety, comply with all applicable
federal, state, local and international laws and regulations (collectively, “Applicable Law”). In
addition, the content standards set forth below (“Content Standards”)
apply to any and all User-Posted Materials. Without limiting the
foregoing, User-Posted Materials must not: (i) contain any material which is
defamatory, obscene, indecent, abusive, offensive, harassing, violent, hateful,
inflammatory or otherwise objectionable; (ii) promote sexually explicit or
pornographic material, violence, or discrimination based on race, sex,
religion, nationality, disability, sexual orientation or age; (iii) infringe
any patent, trademark, trade secret, copyright or other intellectual property
or other rights of any third party; (iv) violate the legal rights (including
the rights of publicity and privacy) of others or contain any material that
could give rise to any civil or criminal liability under Applicable Law or that
otherwise may be in conflict with this Agreement; (v) contain false, untrue or
misleading information or otherwise be likely to deceive any person; (vi) promote
any illegal activity, or advocate, promote or assist any unlawful act; (vii) cause
annoyance, inconvenience or needless anxiety or be likely to upset, embarrass, alarm
or annoy any other person; (viii) impersonate any person, or misrepresent your
identity or affiliation with any person or organization; or (ix) give the
impression that they emanate from or are endorsed by Context or any third party,
if this is not the case.
4.2
Context shall not
be responsible for any breach of this Agreement by users of the Services,
including any violation of the Content Standards. In the event that Context
determines, in its sole discretion, that you are violating this Agreement including
any of the Content Standards it shall be deemed a material breach and Context
reserves the right to remove any applicable User-Posted Materials.
Notwithstanding anything to the contrary, in the event of such breach Context
reserves the right to immediately restrict or terminate your access to the
Services. In the event we determine that you are repeatedly infringing the
copyrights of any third parties your account will be terminated and your
continued access to the Services will be denied in accordance with the Digital
Millennium Copyright Act (“DMCA”).
If you believe that
any User-Posted Materials violate your copyright, you may submit a notification
pursuant to the DMCA by providing us with the following information in writing
(collectively, a “Notice”) (see 17
U.S.C 512(c)(3) for further details): (i) an electronic or physical signature
of the person authorized to act on behalf of the owner of the copyright’s
interests; (ii) a description of the copyrighted work that you claim has been
infringed, including the URL (i.e., web page address) of the location where the
copyrighted work exists or a copy of the copyrighted work; (iii) identification
of the URL or other specific location on the Services where the material that
you claim is infringing is located; (iv) your address, telephone number, and
email address; (v) a statement that you have a good faith belief that the
disputed use is not authorized by the copyright owner, its agent, or the law; and
(vi) a statement by you, made under penalty of perjury, that the above
information in your notice is accurate and that you are the copyright owner or
authorized to act on the copyright owner’s behalf. All Notices must be sent to
our copyright agent via email at dmca@contextsummits.com.
6.
PROPRIETARY
RIGHTS
6.1
Context shall own
and retain all right, title and interest in and to (a) the Services and all tools,
templates, methods, processes, data, know-how, technology (including, but not
limited to, source code) contained therein as well as any and all improvements,
enhancements or modifications thereto and (b) all intellectual property rights
related to any of the foregoing. Other than with respect to the
limited license set forth herein, User shall have no rights to the Services.
6.2
Notwithstanding
anything to the contrary, Context shall have the right to collect and analyze
data and other information relating to the provision, use and performance of
various aspects of the Services and related systems and technologies
(including, without limitation, information concerning or comprising User-Posted
Material and data derived therefrom), and Context will be free (during and
after the term hereof) to (i) use such information and data to improve and
enhance the Services and for other development, diagnostic and corrective
purposes in connection with the Services and other Context offerings, and (ii)
disclose such data solely in aggregate or other de-identified or anonymized
form in connection with its business. No rights or licenses are granted except
as expressly set forth herein.
7.
PAYMENT OF FEES
7.1
User will pay Context
the applicable fees for the Services as set forth on the Purchase Page (the “Fees”). Context reserves the right to
change the Fees or applicable charges and to institute new charges and Fees
upon at least sixty (60) days’ prior notice to User (which notice may be sent
by email). Within thirty (30) days of your receipt of a notice of any Fee
increase you shall have the right to terminate this Agreement by providing Context with written notice of such termination,
which shall become effective one day prior to the date that any new Fee
increases are scheduled to go into effect. If User believes that Context has
billed User incorrectly, User must contact Context no later than 60 days
after the first invoice or billing statement in which the error or problem
appeared, in order to receive an adjustment or credit. Inquiries should be
directed to Context’s customer support department. All prepaid Fees shall be
non-refundable. Unless otherwise set forth on the Purchase Page, subscription
Fees shall become due and owing upon the commencement of the Initial Term and
each Renewal Term (as defined below).
7.2
Context may
choose to bill through an invoice, in which case, full payment for invoices
issued in any given month must be paid upon receipt. Unpaid amounts are subject
to a finance charge of 1.5% per month on any outstanding balance, or the
maximum permitted by law, whichever is lower, plus all expenses of collection
and may result in immediate termination of Service. User shall be responsible
for all taxes associated with Services other than U.S. taxes based on Context’s
net income. In addition to any of Context’s other rights or remedies hereunder,
Context shall have the right to suspend User’s account and access to the
Services in the event any invoice is unpaid.
7.3
To the extent you
elect to pay any Fees electronically, (i) you authorize us, or our third party payment
processor, to charge your debit or credit card or process other means of
payment for those Fees; and (ii) you authorize us to automatically charge you
upon the commencement of any Renewal Term. When you make a purchase, you agree
not to use an invalid or unauthorized payment method. If your payment method
fails, we reserve the right to suspend your account and your access to the Services
until we receive the payment in full.
7.4
To the extent you
purchase or are otherwise provided with any internal credits to be used towards
your participating in certain meetings, unlocking certain features of the
Services, or providing to other users of the Services, you acknowledge that
such credits, unless otherwise explicitly agreed by Context in writing, (i) are
for use only within the Services; (ii) have no independent monetary value;
(iii) cannot be exchanged for cash or other compensation; and (iv) will expire
upon any termination of this Agreement.
8.
TERM AND
TERMINATION
8.1
Subject to
earlier termination as provided below, unless another subscription period is
selected on the Purchase Page, the term of this Agreement, and the subscription
set forth in Section 1.1, shall commence on the Effective Date and shall
continue for one year thereafter (the “Initial
Term”). After the Initial Term, unless User provides Context with at least
thirty (30) days’ written notice prior to the expiration of the then-current
term of its intention not to renew the Agreement, this Agreement, and your
subscription, shall automatically renew for successive periods of one year each
(each, a “Renewal Term” and the
Initial Term and any Renewal Terms shall be collectively known as the “Term”).
8.2
This Agreement
may be terminated as follows:
(i)
User may
terminate this Agreement upon thirty (30) days’ notice if Context materially
breaches any of the terms or conditions of this Agreement and fails to cure
such breach within such thirty (30) day period.
(ii) Context may terminate this Agreement or suspend User’s
access to the Services immediately for cause in the event Context determines
that User is (x) in breach of this Agreement or any other agreement between
User and Context or a Context affiliate or (y) otherwise in violation of any Applicable
Law. Prepaid Fees shall be non-refundable in the event of any such termination
for cause.
(iii)
Notwithstanding anything
to the contrary, Context reserves the right to terminate or suspend any
subscription, and any Services provided therewith without cause, at any time,
without notice, however, to the extent Context elects to terminate the Services
and/or this Agreement without cause Context will provide User with a pro-rated
refund of any pre-paid unused Fees for the remainder of the then-current Term.
8.3
Sections 2, 6, 7,
8, 9, 10, 11, 12, 13 and 14 shall survive termination of this Agreement
9.
DISCLAIMER OF
WARRANTIES
NEITHER CONTEXT NOR ANY OF ITS AFFILIATES WILL BE LIABLE
FOR ANY LOSS OR DAMAGE AS A RESULT OF THE SERVICES OR CAUSED BY A DISTRIBUTED
DENIAL-OF-SERVICE ATTACK, VIRUSES OR OTHER TECHNOLOGICALLY HARMFUL MATERIAL
THAT MAY INFECT CUSTOMER’S COMPUTER EQUIPMENT, COMPUTER PROGRAMS, DATA OR OTHER
PROPRIETARY MATERIAL DUE TO CUSTOMER’S USE OF THE SERVICES.
CUSTOMER’S USE OF THE SERVICES IS AT ITS OWN RISK. ANY
SERVICES ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT ANY
WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. NEITHER CONTEXT NOR ANY
PERSON ASSOCIATED WITH CONTEXT (INCLUDING ANY CONTEXT AFFILIATE) MAKES ANY
WARRANTY OR REPRESENTATION WITH RESPECT TO THE COMPLETENESS, SECURITY,
RELIABILITY, QUALITY, ACCURACY OR AVAILABILITY OF THE SERVICES. WITHOUT
LIMITING THE FOREGOING, NEITHER CONTEXT NOR ANYONE ASSOCIATED WITH CONTEXT
REPRESENTS OR WARRANTS THAT THE SERVICES WILL BE ACCURATE, RELIABLE, ERROR-FREE
OR UNINTERRUPTED, THAT DEFECTS WILL BE CORRECTED, THAT THE SERVICES OR THE
SERVER THAT MAKES THEM AVAILABLE ARE FREE OF VIRUSES OR OTHER HARMFUL
COMPONENTS OR THAT THE SERVICES WILL OTHERWISE MEET CUSTOMER’S NEEDS OR
EXPECTATIONS.
CONTEXT HEREBY DISCLAIMS ALL WARRANTIES OF ANY KIND,
WHETHER EXPRESS OR IMPLIED, STATUTORY OR OTHERWISE, INCLUDING BUT NOT LIMITED
TO ANY WARRANTIES OF MERCHANTABILITY, NON-INFRINGEMENT AND FITNESS FOR
PARTICULAR PURPOSE.
IF THE SERVICES MAY CONTAIN LINKS TO OTHER SITES AND
RESOURCES PROVIDED BY THIRD PARTIES, THESE LINKS ARE PROVIDED FOR YOUR
CONVENIENCE ONLY. CONTEXT HAS NO CONTROL OVER THE CONTENTS OF THOSE SITES OR
RESOURCES, AND ACCEPTS NO RESPONSIBILITY FOR THEM OR FOR ANY LOSS OR DAMAGE
THAT MAY ARISE FROM YOUR USE OF THEM. IF CUSTOMER DECIDES TO ACCESS ANY OF THE
THIRD-PARTY WEBSITES LINKED TO BY THE SERVICES, YOU DO SO ENTIRELY AT YOUR OWN
RISK AND SUBJECT TO THE TERMS AND CONDITIONS OF USE FOR SUCH WEBSITES.
THE FOREGOING DOES NOT AFFECT ANY WARRANTIES WHICH CANNOT
BE EXCLUDED OR LIMITED UNDER APPLICABLE LAW.
10.
INDEMNITY
User agrees to defend,
indemnify, and hold harmless Context, its owners, affiliates, licensors, and
service providers, and its and their respective owners, officers, directors,
employees, contractors, agents, licensors, suppliers, successors, and assigns
from and against any claims, liabilities, damages, judgments, awards, losses,
costs, expenses, or fees (including reasonable attorneys’ fees) arising out of
or relating to (i) User’s violation of this Agreement or (ii) User’s
registration for, or use of, the Services, including, but not limited to, any
use of any information obtained from the Services or provided by User to
Context or other users of the Service or (iii) any investments, investment
results or investment-related decisions or (iv) any disputes between you and
any of your employees, agents, or representatives or any other user of the
Services.
11.
LIMITATION OF
LIABILITY
IN NO EVENT
WILL CONTEXT, ITS OWNERS OR 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 CUSTOMER’S USE, OR
INABILITY TO USE THE SERVICES INCLUDING ANY 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, OR OTHERWISE. UNDER NO
CIRCUMSTANCES SHALL CONTEXT’S DAMAGES HEREUNDER EXCEED THE AGGREGATE AMOUNTS
PAID OR PAYABLE TO CONTEXT PURSUANT TO THIS AGREEMENT IN THE TWELVE-MONTH
PERIOD PRECEDING THE EVENT GIVING RISE TO THE CLAIM.
ANY CAUSE
OF ACTION OR CLAIM CUSTOMER MAY HAVE ARISING OUT OF OR RELATING TO THIS
AGREEMENT OR CUSTOMER’S USE OR THE SERVICES MUST BE COMMENCED WITHIN ONE (1)
YEAR AFTER THE CAUSE OF ACTION ACCRUES, OTHERWISE, SUCH CAUSE OF ACTION OR
CLAIM IS PERMANENTLY BARRED.
THE FOREGOING DOES NOT AFFECT ANY LIABILITY WHICH CANNOT BE
EXCLUDED OR LIMITED UNDER APPLICABLE LAW.
IF, DUE TO A CLAIM OF INFRINGEMENT, THE SERVICES ARE HELD
BY A COURT OF COMPETENT JURISDICTION TO BE OR ARE BELIEVED BY CONTEXT TO BE
INFRINGING, CONTEXT MAY, AT ITS OPTION AND EXPENSE AND AS USER’S SOLE AND
EXCLUSIVE REMEDY (A) REPLACE OR MODIFY
THE SERVICE TO BE NON-INFRINGING PROVIDED THAT SUCH MODIFICATION OR REPLACEMENT
CONTAINS SUBSTANTIALLY SIMILAR FEATURES AND FUNCTIONALITY, (B) OBTAIN FOR
CUSTOMER A LICENSE TO CONTINUE USING THE SERVICE, OR (C) IF NEITHER OF THE
FOREGOING IS COMMERCIALLY PRACTICABLE, TERMINATE THIS AGREEMENT AND CUSTOMER’S
RIGHTS HEREUNDER AND PROVIDE CUSTOMER A REFUND OF ANY PREPAID, UNUSED FEES FOR
THE SERVICE.
12.
FURTHER IMPORTANT
DISCLOSURES
12.1
User has read and
understands the Context Policies. User agrees that (i) it is not using the
Services for purposes of accessing any one particular adviser or fund and (ii) no
investor including itself may invest in a fund advised by another user of the
Services within thirty (30) days of subscribing or accessing the Services and (iii)
that an investor must meet all eligibility requirements of a fund and adviser
in order to invest as determined by the adviser and fund and not Context. If User represents that it is a “qualified
purchaser” within the meaning of Section 2(a)(51)(A) of the Investment Company
Act of 1940, User also represents that it is an “accredited investor” within
the meaning of Rule 501 of Regulation D under the Securities Act of 1933. The information posted, provided or presented
on or through the Services (including, without limitation, Account Information
and User-Posted Materials) is made available solely for general information
purposes. Context is not responsible for and does not represent or warrant the
accuracy, timeliness, completeness or usefulness of this information. Any
reliance User places on such information is strictly at its own risk and such
information is subject to definitive documents between advisers, funds and investors.
Context has not independently verified Account Information or User-Posted
Materials or other adviser or investor information. Context disclaims all
liability and responsibility arising from any reliance placed on such information
by User or by anyone who may be informed of any of its contents. It is User’s
responsibility to observe all applicable securities laws and financial
regulations of any relevant jurisdiction.
12.2
User acknowledges
and agrees that the Services may not be used to invest, purchase, assume,
distribute, offer to sell, or sell any security or financial instrument or to
carry out any financial service. Nothing provided on or through the Services
shall constitute or be construed as an offer or solicitation to purchase any
security or financial instruments, or as financial, legal, tax, or investment
advice, or as suitability or investment recommendations (i.e., recommendations
as to whether or not to “buy”, “sell”, “hold”, or to enter or not to enter into
any other transaction) or endorsement of any adviser, its strategies or any
investor. Data and other information available on or through the Services
should not be considered as information sufficient upon which to base an
investment decision. Information prepared by an adviser or fund is not
complete, does not contain important risk and other information about an adviser
and its funds or other products/services and may constitute only subjective
views of the adviser. The registration of any user of the Services, or such user’s
use of the Services, shall not in any way be construed as a recommendation or
endorsement by Context of such User (either as investor or adviser) or any
investment, product, or service offered by such User, and Context shall not
have (and nothing herein shall be read to imply or otherwise be interpreted as
creating) any duty to evaluate or otherwise bear any responsibility whatsoever
with respect to the qualifications of any user of the Services as an investor
or adviser or any investments that are offered by any user of the Services. Investors
assume sole responsibility and risk of their investment decisions and the due diligence
related thereto. Advisers assume the sole responsibility and risk of their
decisions regarding investors and the due diligence and obligations related
thereto. All information provided on or through the Services is impersonal and
not tailored to the need of any person, entity or group of persons. Context
does not express an opinion on the future or expected value of any security or
other interests, does not explicitly or implicitly recommend or suggest an
investment strategy of any kind and is not responsible for investment decisions
or results. No representation is made that any adviser or fund will be
successful. Past performance of an adviser is not indicative of future results
of such adviser or a potential investment with such adviser. Context does not
provide investment, financial, tax or business advice, is not a broker-dealer,
third party marketer, agent of any user of the Services, or an investment
adviser and is not compensated based on transactions, capital raised or the
value of investments. Investors assume the sole responsibility and risk of
their investment decisions and the diligence related thereto. All investments
are subject to the terms of definitive documents that would be provided by the adviser
(and not Context). Context is not responsible for any investment, statement,
action or omission of any adviser, fund or investor.
12.3
The parent of
Context, Context Capital Partners LP (“CCP”) has an ownership interest in
certain asset management entities (the “Context Advisors”). Context Advisors
may use the Services in their capacity as advisers. While CCP is the parent of
Context, Context is involved in the business of providing the Services and does
not provide investment management services such as the Context Advisors. CCP
and Context Advisors have access to and share the information provided by users
of the Services and may use that information in offering the products and
services of CCP and its affiliated Context Advisors (either directly or
indirectly through third parties such as broker-dealers engaged by CCP and/or
the Context Advisors). Because of its affiliation, Context has an incentive to
work with, promote, and suggest the Context Advisors over non-affiliated advisers
and participants. Context is not compensated in any way based on investments made
by users of the Services into funds or products of the Context Advisors or any advisers.
Context is not representing any users of the Services and is not providing
investment, financial or business advice or sponsoring, endorsing, or
recommending any business venture or investment opportunity that may be
discussed or offer that may be made via the Services, including that Context
shall not be responsible for the materials, statements, investments, actions of
omissions of a Context Advisor or any adviser using the Services or for an
investment by User into a fund or product of a Context Advisor or any adviser. Context may know information about an adviser
or fund that is not contained in their posted or provided materials but Context
shall have no responsibility to share such information with any user of the
Services.
12.4
The Services include
content provided by third parties, including materials provided by other users
of the Services and third-party licensors, syndicators, aggregators and/or
reporting services. All statements and/or opinions expressed in these
materials, all responses to questions and other content, other than the content
provided by Context, are solely the opinions and the responsibility of the person or entity providing those
materials. These materials do not necessarily reflect the opinion of Context. Any
assumptions, assessments, statements or the like (“statements”) regarding
future events or that are forward-looking constitute only subjective views,
outlooks, estimations or intentions, are based upon our or the source’s
expectations, intentions or beliefs, should not be relied on, are subject to
change due to a variety of factors, including fluctuating market conditions,
and involve inherent risks and uncertainties, both general and specific, many
of which cannot be predicted or quantified and are beyond Context’s control.
Any indices (including financial benchmarks) shown are provided for
illustrative purposes only, are unmanaged, and may or may not reflect
reinvestment of income and dividends or the impact of advisory fees with
respect to the investments presented. Comparisons to indices have limitations
because indices have material characteristics that may differ from a particular
investment strategy. Indices should not be relied upon as an accurate measure
of comparison. We may permit users of the Services to access to data rooms
whose access and content is controlled by advisers; for purposes herein such
information is considered User-Posted Materials. We are not responsible or
liable to User, or any third party, for the content or accuracy of any
materials provided by any third parties, including any users of the Services.
13.
FEEDBACK
User will provide
feedback to Context concerning the functionality, performance and reliability
of the Services as reasonably requested by Context from time to time, including
identifying potential errors and suggestions for improvements (“Feedback”).
User hereby assigns to Context all right, title, and interest in and to the
Feedback and, to the extent not assignable, User grants to Context a perpetual, irrevocable,
transferable, royalty-free and fully paid-up license, with the right to
sublicense, to use and exploit such Feedback and related information in any
manner and for any purpose whatsoever.
14.
MISCELLANEOUS
User shall not
disclose the terms of this Agreement, the Purchase Page, or the Fees charged to
User hereunder, to any third party except (i) as required by Applicable Law or
court order, or (ii) to its attorneys, accountants and advisors who are under
similar confidentiality obligations. If any provision of this Agreement is
found to be unenforceable or invalid, that provision will be limited or
eliminated to the minimum extent necessary so that this Agreement will
otherwise remain in full force and effect and enforceable. This Agreement is
not assignable, transferable or sublicensable by User except with Context’s
prior written consent. Context may transfer and assign any of its rights and
obligations under this Agreement without consent. This Agreement is the
complete and exclusive statement of the mutual understanding of the parties and
supersedes and cancels all previous written and oral agreements, communications
and other understandings relating to the subject matter of this Agreement. No
agency, partnership, joint venture, or employment is created as a result of
this Agreement and User does not have any authority of any kind to bind Context
in any respect whatsoever. Headings to sections in this Agreement are for the
convenience of the parties hereto and are not intended to be a part of or to
affect the meaning or interpretation hereof. No waiver of any provision of this
Agreement shall be implied from any course of dealing among the parties hereto
or from any failure by any party hereto to assert its rights hereunder. Each
party shall perform its obligations under this Agreement in accordance with
Applicable Law; nothing in this Agreement shall be construed to mean that
either party is required to take any action contrary to, or prohibited by, or
otherwise in violation of Applicable Law. In any action or proceeding to
enforce rights under this Agreement, the prevailing party will be entitled to
recover costs and attorneys’ fees. All notices from User to Context must be
sent via email to accounts@contextsummits.com. All notices from Context to User may be sent via
email or via overnight delivery service to any of the address(es) associated
with User’s account. This Agreement shall be governed by the laws of the Commonwealth
of Pennsylvania without regard to its conflict of laws provisions. Each party
agrees that any dispute shall be brought exclusively in the state courts
sitting in Montgomery County, Pennsylvania or the federal courts sitting within
the judiciary district of the United States District Court in the Eastern
District of Pennsylvania, and that it will submit to the jurisdiction of such
state or federal courts therein, and to waive any and all objections to the
exercise of jurisdiction over the parties by such courts and to venue in such
courts.