Terms of Use

These terms govern your use of BookRunner, operated by Infinitude Technologies Ltd. ("BookRunner", "we"). BookRunner includes:

• our website, bookrunner.app;
• the BookRunner platform;
• BookRunner Direct (direct.bookrunner.app);
• the channels we run conversations on;
• Sabra for Zoom;
• our API and AI access.

By using BookRunner, or by confirming that you agree when you sign in, you accept these terms. If you do not accept them, do not use BookRunner.

"Arranger" means a bank, underwriter, placement agent or fund sponsor — or another firm that arranges, distributes or raises an offering — that uses BookRunner.

Arrangers use BookRunner under a signed agreement with us. That agreement governs their use and takes precedence over these terms for them.

BookRunner is a technology platform. It is not an arranger, underwriter, distributor, broker or investment adviser; it does not offer securities or give investment advice. Offerings on BookRunner are made by the Arrangers. BookRunner may also show documents that issuers have filed with a securities regulator for other offerings, as described in the Terms of Use.

BookRunner itself does not offer or sell securities. Any offering on BookRunner is made by the relevant Arranger and is subject to that offering's eligibility requirements, documents and legal restrictions. Nothing on BookRunner is a recommendation to buy or sell any security, or legal, tax or investment advice. Your decisions are your own.

Publicly filed offering documents. To give users easy access, BookRunner may also show offering documents that an issuer has filed with a securities regulator through its official filing system, such as a prospectus or investor presentation, for offerings in which no Arranger uses BookRunner. BookRunner does this on its own initiative; the issuer is not necessarily involved and has not necessarily approved it. BookRunner shows only such filed documents and answers questions from them; the filed documents are the authoritative source. BookRunner does not offer or sell the securities. If you express interest, we will make reasonable efforts, where applicable, to pass it on to the issuer, or to its underwriter where there is one.

BookRunner offers two kinds of service:

• Services based on public information are open to anyone who accepts these terms.
• Offerings restricted to qualified investors are available only if both of the following are true: (a) you meet the applicable eligibility requirements, or act on behalf of an entity that does; and (b) you have been verified or added by an Arranger, or the firm on whose behalf you act has been approved on BookRunner.

You must be at least 18 and use your own details. We may refuse, limit or end access, subject to applicable law.

Keep your sign-in secure, and do not share access. You are responsible for activity under your account that results from your use of it or your failure to keep your sign-in secure. Tell us promptly at legal@bookrunner.app if you believe it has been misused.

You agree to receive sign-in codes and service messages about your use of BookRunner by email and other channels.

You must not:

• copy, scrape, harvest or extract content or data from BookRunner by automated means, except through our API under section 9;
• get around usage limits, security checks or access controls, or access BookRunner in any way we have not made available to you;
• resell, redistribute or publish BookRunner content or data, or use it to build a competing product or dataset;
• use BookRunner content or data to train, fine-tune, evaluate or improve an AI or machine-learning model, unless we have expressly permitted it;
• reverse-engineer, decompile or interfere with BookRunner;
• use BookRunner unlawfully, including in breach of securities, privacy or marketing laws;
• upload viruses or any other harmful or malicious code;
• harm the privacy of other users or of anyone else;
• give false information, or impersonate anyone.

Usage limits may apply to any feature.

BookRunner shows:

• information from public filings and other sources;
• material an Arranger provides;
• answers generated by AI.

This content may be incomplete, out of date or wrong. Check anything you rely on against its source.

If an AI-generated answer differs from an offering document or a communication from the Arranger, the document or communication controls.

The content is provided for information only. You should consider obtaining appropriate professional advice before making an investment decision.

Offerings, offering documents and communications about them come from the Arranger responsible for the offering, and are that Arranger's responsibility.

An indication of interest or an order you place on BookRunner is placed with that Arranger; BookRunner is not a party to it. Submitting an indication or order through BookRunner does not mean it has been accepted, allocated or executed; the Arranger decides acceptance, allocation, execution and settlement. Ordering is not available on every offering.

Where BookRunner asks you to confirm eligibility for an offering, you confirm that you, or the entity on whose behalf you act, meet the eligibility requirements stated for it. Verification on BookRunner is not a representation by BookRunner that you meet the requirements of any offering; the Arranger decides eligibility for its offering.

BookRunner's software and design, and the compilations, classifications and analysis it produces, belong to Infinitude Technologies Ltd. or its licensors. Filings, documents and other content from public or third-party sources belong to their respective owners.

We give you a limited, non-exclusive, non-transferable right to use BookRunner for your own work, under these terms.

Content that you or an Arranger upload remains yours or theirs. You give us the right to use it to provide and operate BookRunner. We may use feedback you send us without restriction.

If you connect to BookRunner through our API or with your own AI tools:

• anything you retrieve becomes a copy you hold, and it is your responsibility from that moment;
• data you retrieve reflects BookRunner at the moment you retrieve it. It may later be corrected, updated or withdrawn. We do not update copies you hold; keeping them current, by retrieving the data again, is your responsibility;
• we may stop serving or withdraw content, change the API, or end your access, subject to applicable law. We cannot change or delete a copy already in your own systems; it remains your responsibility.

Your access to and use of BookRunner through our API or your own AI tools is governed by these terms, including this section. The API is subject to sections 5 and 8.

We may change, suspend or discontinue any part of BookRunner, subject to applicable law. We may suspend or end your access if we believe you have breached these terms, or for any other reason permitted by law. If we do, you may not open another account to get around it.

We may update these terms. The date at the top shows when they last changed. Where required by law, we will give notice of a material change. If you continue to use BookRunner after the updated terms take effect, you accept the updated terms.

BookRunner is provided "as is" and "as available". To the fullest extent the law allows, we give no warranty of any kind, including about accuracy, availability, or fitness for a particular purpose.

To the fullest extent the law allows:

• we are not liable for any indirect, incidental or consequential loss, or for loss of profit, business, data or opportunity;
• we are not responsible for unlawful acts of other users, or for websites we link to;
• our total liability to you is limited to the fees you paid us during the three months immediately preceding the event giving rise to the claim or, if you paid us no fees during that period, USD 300.

Nothing in this section excludes or limits any liability that cannot lawfully be excluded or limited.

You will indemnify BookRunner, its officers, employees and agents against third-party claims, losses, liabilities and reasonable legal costs, to the extent arising from your unlawful use of BookRunner, fraud, breach of section 5, or infringement of another person's rights.

Our Privacy Notice explains how we handle personal data: bookrunner.app/privacy.

These terms are governed by the laws of the State of Israel. To the extent permitted by applicable law, the courts of Tel Aviv-Jaffa have exclusive jurisdiction.

• If any part of these terms is unenforceable, the rest remains in force.
• A delay in enforcing a right is not a waiver of it.
• We may assign or transfer these terms in connection with a merger, reorganisation or sale of all or substantially all of our business or relevant assets, provided the transferee assumes our obligations under them. You may not transfer your rights or obligations under these terms without our consent.
• Nothing in these terms creates an employment, partnership, agency or joint-venture relationship between you and BookRunner.
• These terms give no rights to any third party.
• We may send notices to the email address on your account. Unless the law requires another method, a notice is deemed received when sent, provided we have not received a delivery-failure notice.
• If these terms are published in more than one language, the English version prevails.
• Headings are for convenience only.
• Questions: legal@bookrunner.app.