End User License Agreement (EULA)

This End User License Agreement (“EULA”) is a legal agreement between you (“User”, “you”) and Kvantra Operations AS (org.nr 937 809 697) (“Kvantra”, “we”, “us”, “our”) governing your use of:

• the Kvantra software, web and mobile applications, dashboards and tools (the “Software”); and
• all Kvantra Data, Third-Party Data, Simulated Performance and derived analytics made available through the Software (together, the “Licensed Materials”).

The Software and all intellectual property are owned by parent company Kvantra AS (org.nr 935 948 940) and operated by Kvantra Operations AS under licence.

By installing, accessing or using the Software, you agree to be bound by this EULA. If you do not agree, do not use the Software.

This EULA forms part of, and is to be read together with, our Terms & Conditions (“Terms”) and our Refund Policy. Capitalised terms not defined here have the meaning given in the Terms. In the event of conflict, the Terms prevail for commercial, billing and subscription matters, while this EULA governs licensing, intellectual property and software use. Mandatory consumer protection rules apply in addition.

1. Licence Grant and Scope of Use

Subject to your compliance with this EULA, the Terms and payment of applicable fees, Kvantra grants you a limited, revocable, non-exclusive, non-transferable, non-sublicensable licence to:

• access and use the Software;
• view and interact with Kvantra Data and Third-Party Data via the Software; and
• use limited outputs (e.g. screenshots, small data snippets, charts) for your own personal or internal use and in limited, non-systematic excerpts as permitted in Section 7.3 of the Terms.

No other rights are granted. You receive no ownership interest in the Software or any Licensed Materials. All rights not expressly granted are reserved by Kvantra and its licensors.

2. Licence Restrictions

Except as expressly permitted in this EULA, the Terms, or in a separate written agreement with Kvantra, you must not:

• copy, reproduce, modify, adapt, translate or create derivative works of the Software or Licensed Materials (automatic translation in your browser or device for your own use is allowed);
• reverse engineer, decompile, disassemble or attempt to discover the source code, models, algorithms, scoring logic or underlying structure of the Software, Kvantra Data or processing of Third-Party Data;
• circumvent, disable or interfere with any security, metering, usage tracking or access control mechanisms;
• use the Software or Licensed Materials to build, train or improve a competing product, service or dataset, including competing market data, analytics or investment research tools;
• resell, lease, rent, sublicense, distribute, publicly display or otherwise make the Licensed Materials available to third parties outside the scope permitted under the Terms;
• systematically download, scrape, harvest or export data from the Software (including through automation, bots or scripts);
• use outputs from the Software (including factor scores, rankings, analytics, model outputs or other derived metrics) in a systematic or automated way with the purpose or effect of reconstructing, replacing or materially replicating any Kvantra or data-vendor dataset, feed, model or analytics service;
• use the Licensed Materials to create a financial index, benchmark, structured product, derivative or investable product, or to power a separate market data or analytics service, without prior written consent from Kvantra and, where applicable, the relevant data vendors;
• present Simulated Performance as an actual track record, or use Kvantra Data or Simulated Performance to market any financial product or service;
• remove, obscure or alter any copyright, trademark, proprietary notices or source attributions (including references to Financial Modeling Prep Inc. (“FMP”) and other data vendors);
• use the Software or Licensed Materials in a way that violates applicable laws, regulations, sanctions or market rules (including but not limited to market abuse, insider trading and AML rules).

Any use of the Software or Licensed Materials that effectively provides third parties with a substitute for direct access to Kvantra or to any underlying data vendor service is strictly prohibited.

3. Data and Content Ownership; Third-Party Beneficiaries

3.1 Kvantra Intellectual Property

Kvantra AS (parent company) retains all intellectual property rights, licensed to Kvantra Operations AS for operation of the Platform, in and to:

• the Software, including its design, architecture, code, models, algorithms and user interface;
• Kvantra Data, including KvantraRank, factors, scoring frameworks, metrics, Backtests, Simulated Performance, derived analytics and model outputs;
• the Kvantra name, logos, brand elements and other trademarks, whether registered or not;
• documentation, UX/UI designs and related materials.

Nothing in this EULA transfers any ownership or intellectual property rights to you.

3.2 Third-Party Data

The Licensed Materials may include Third-Party Data (as defined in the Terms), such as market data and analyst price targets and ratings licensed from third-party providers, including FMP. All Third-Party Data remains the exclusive property of the respective data vendors (including FMP) and is protected by copyright and other intellectual property laws. Your use of Third-Party Data is limited strictly to what is permitted under this EULA and the Terms. You acquire no ownership rights or title in any Third-Party Data.

Viewing derived outputs (such as scores, rankings, factors or analytics) that are calculated using Third-Party Data is still considered use of Third-Party Data for licensing, compliance and audit purposes.

3.3 Third-Party Beneficiaries (including FMP)

Certain data vendors, including FMP, are intended third-party beneficiaries of this EULA with respect to your obligations regarding their data, and may rely on and enforce relevant provisions directly against you, including those relating to licence restrictions, intellectual property ownership, disclaimers, limitations of liability and indemnification.

3.4 User Content

If you upload, create or input any content into the Software (e.g. notes, labels, portfolios, imported transaction files, watchlists, display names, group names, personalised settings):

• you retain any intellectual property rights you hold in that content; and
• you grant Kvantra a non-exclusive, worldwide, royalty-free licence to use such content solely to operate, maintain and secure the Software and Services, to improve them using aggregated or anonymised data, and, for display names and group names, to show them as described in the Terms. Imported transaction files are used only as described in our Privacy Policy.

Kvantra will not sell your personal User Content to third parties.

4. Access, Accounts and Security

Access to the Software is provided as a service (“Software-as-a-Service”) and requires:

• an Account and, for paid features, an active Subscription (as set out in the Terms); and
• a stable internet connection and a compatible browser or device. Some updates to our mobile apps may be required to keep using them.

You are responsible for:

• keeping your login credentials confidential;
• ensuring that only one natural person uses each named account/seat;
• promptly notifying us of any suspected unauthorised access or security breach relating to your account.

We may introduce technical controls, usage limitations or fair-use policies to protect system integrity and comply with data vendor requirements (including FMP’s audit and security obligations). We may monitor usage patterns at an aggregate and technical level to detect scraping, sharing of credentials, or other misuse. Monitoring is limited to what is necessary for security, compliance and service quality.

5. No Investment Advice: Educational Use Only

The Software, Kvantra Data, Third-Party Data and all outputs (including KvantraRank, scores, rankings, triggers, alerts, factor models, screeners, dashboards, model portfolios, Backtests, Simulated Performance, historical scores, analyst price targets and ratings and portfolio calculations):

• are provided for informational and educational purposes only;
• do not constitute investment, financial, tax or legal advice;
• do not take into account your individual objectives, financial situation or needs; and
• must not be relied upon as a recommendation, solicitation or offer to buy, sell or hold any security or financial instrument.

Simulated Performance is hypothetical, has the limitations described in Section 11 of the Terms, and is not a reliable indicator of future results. You acknowledge and agree that:

• any investment decisions you make are based solely on your own evaluation of your financial circumstances, objectives and risk tolerance;
• you are solely responsible for obtaining independent professional advice where necessary (e.g. from authorised investment advisers, lawyers or tax professionals); and
• you remain solely responsible for compliance with all applicable laws and regulations when using outputs from the Software.

Use of the Software does not make Kvantra your investment adviser or portfolio manager.

6. Warranties and Disclaimers

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, THE SOFTWARE AND LICENSED MATERIALS (INCLUDING ALL KVANTRA DATA AND THIRD-PARTY DATA) ARE PROVIDED “AS IS” AND “AS AVAILABLE”, WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO:

• MERCHANTABILITY;
• FITNESS FOR A PARTICULAR PURPOSE;
• NON-INFRINGEMENT;
• ACCURACY, COMPLETENESS OR TIMELINESS OF DATA;
• AVAILABILITY, PERFORMANCE OR ERROR-FREE OPERATION.

Without limiting the generality of the above:

• Kvantra does not warrant that the Software will meet your requirements or expectations;
• Kvantra does not warrant that the Software will be uninterrupted, secure or free from defects, bugs or vulnerabilities;
• Kvantra does not guarantee that any data, scores, analytics, Backtests, portfolio calculations or other outputs will be correct, complete or suitable for your particular use case;
• Third-Party Data providers (including FMP) expressly disclaim all warranties and are not responsible to you for any errors, omissions, delays, interruptions or inaccuracies.

Use of the Software and Licensed Materials is entirely at your own risk.

If you are a consumer, you have mandatory statutory rights regarding the conformity, quality and performance of digital content and digital services under the laws of your country of residence. Nothing in this EULA excludes or limits those mandatory rights, and the disclaimers in this section apply only to the extent permitted by applicable law.

Nothing in marketing materials, examples, Backtests or simulations shall be interpreted as a promise or warranty of any particular outcome or performance.

7. Limitation of Liability

To the fullest extent permitted by applicable law:

7.1 No Indirect or Consequential Loss. Kvantra shall not be liable for any indirect, incidental, consequential, special, punitive or exemplary damages; loss of profit, revenue, business, contracts or opportunities; loss of data or corruption of data; loss of goodwill or reputation; or trading losses or investment losses of any kind, arising out of or in connection with this EULA, the Software or the Licensed Materials, even if Kvantra has been advised of the possibility of such damages.

7.2 Aggregate Liability Cap. Subject to mandatory law, Kvantra’s total aggregate liability arising out of or in connection with this EULA, the Software and the Licensed Materials shall be limited to the higher of USD 100 and the fees paid by you for access to the Software, including through a Payment Provider, during the twelve (12) months immediately preceding the event giving rise to the claim. This is one combined cap for all claims under this EULA, the Terms and our other policies together, and it applies to Kvantra and Kvantra AS together.

7.3 Non-excludable Liability. Nothing in this EULA limits liability that cannot be limited or excluded under mandatory law, including liability for wilful misconduct or gross negligence.

7.4 Third-Party Data Vendors. Third-Party Data vendors (including FMP) have no liability towards you as an End User, and are third-party beneficiaries of the disclaimers and limitations of liability contained in this EULA and the Terms.

7.5 Kvantra AS. Kvantra AS, our parent company, owns the intellectual property in the Software and Kvantra Data. Kvantra AS may rely on and enforce Sections 2, 3, 6 and 7 directly against you, and in Sections 6 and 7 “Kvantra” includes Kvantra AS.

8. Indemnity

You agree to indemnify, defend and hold harmless Kvantra, its directors, officers, employees and affiliates, and its licensors and data providers (including FMP), from and against any and all claims, demands, losses, damages, liabilities, costs and expenses (including reasonable legal fees) arising out of or in connection with:

• your breach of this EULA or the Terms;
• your misuse of the Software, Kvantra Data or Third-Party Data;
• any unauthorised redistribution, scraping, harvesting or republication of data obtained via the Software;
• your violation of applicable laws, regulations or third-party rights.

If you are a consumer, this indemnity applies only to the extent permitted by mandatory consumer protection law, and only where the loss is caused by your fault. This indemnity is in addition to, and not in substitution for, any indemnity obligations set out in the Terms.

9. Export Control and Compliance

You agree to:

• comply with all applicable export control, sanctions and trade compliance laws and regulations;
• not use the Software or Licensed Materials in or for the benefit of any jurisdiction, person or entity that is prohibited under such laws;
• not transfer or make available Licensed Materials to any party in violation of applicable export controls.

We may suspend or terminate access to the Software where we reasonably believe that continued access would violate applicable sanctions or export laws, or expose us or our licensors to regulatory risk.

10. Term and Termination

10.1 Term

This EULA applies from your first use of the Software and continues until your Account is closed or this EULA is terminated as set out below. If your Subscription ends, your access continues under the free plan, subject to its limits and to Section 5.2 of the Terms.

10.2 Termination by Kvantra

Kvantra may suspend or terminate your licence immediately (with or without notice) if:

• you materially or repeatedly breach this EULA or the Terms;
• you attempt unauthorised access, reverse engineering, scraping or other misuse of the Software or Licensed Materials;
• your use creates a security, legal, commercial or reputational risk for Kvantra or its licensors;
• we are required to do so by law, regulation, court order, or data vendor request.

We may also disable specific features, limits, markets, symbols or datasets without terminating the entire licence if that is sufficient to remedy or mitigate the issue (for example, at the request of a data vendor). If we end your licence for a reason other than your breach, Section 16.3 of the Terms applies.

10.3 Termination by You

You may cease use of the Software at any time. Termination or cancellation of your Subscription, and any rights to refunds, are governed by the Terms.

10.4 Effect of Termination

Upon termination:

• all rights granted under this EULA immediately cease;
• you must stop all use of the Software and Licensed Materials;
• you must not retain or further use any Licensed Materials beyond what is permitted for record-keeping under applicable law;
• any provisions which by their nature should survive termination (including ownership, restrictions, disclaimers, limitations of liability, indemnity and IP protection) will continue to apply.

11. Mobile Apps and App Stores

This section applies when you download a Kvantra app from an App Store.

11.1 Apps from the Apple App Store

If you download the Software from the Apple App Store, the following also applies to that app:

• Parties. This EULA is concluded between you and Kvantra only, and not with Apple Inc. (“Apple”). Kvantra, not Apple, is solely responsible for the Software and its content.
• Scope of licence. Your licence to use the Software from the Apple App Store is limited to a non-transferable licence to use it on Apple-branded products that you own or control, as permitted by the Usage Rules in the Apple Media Services Terms and Conditions, except that the Software may be accessed by other accounts associated with you via Family Sharing or volume purchasing where available.
• Maintenance and support. Kvantra is solely responsible for providing any maintenance and support services for the Software, as specified in this EULA or as required by applicable law. Apple has no obligation to provide any maintenance or support services for the Software.
• Warranty. Kvantra is solely responsible for any product warranties, whether express or implied by law, to the extent not effectively disclaimed. If the Software fails to conform to any applicable warranty, you may notify Apple, and Apple will refund the purchase price (if any) for the Software to you. To the maximum extent permitted by law, Apple has no other warranty obligation with respect to the Software, and any other claims, losses, liabilities, damages, costs or expenses attributable to any failure to conform to a warranty are Kvantra’s responsibility.
• Product claims. Kvantra, not Apple, is responsible for addressing any claims by you or any third party relating to the Software or your possession and use of it, including product liability claims, any claim that the Software fails to conform to any applicable legal or regulatory requirement, and claims arising under consumer protection, privacy or similar legislation.
• Intellectual property. If a third party claims that the Software or your possession and use of it infringes that third party’s intellectual property rights, Kvantra, not Apple, is solely responsible for the investigation, defence, settlement and discharge of that claim.
• Legal compliance. You represent and warrant that you are not located in a country that is subject to a U.S. Government embargo, or that has been designated by the U.S. Government as a “terrorist supporting” country, and that you are not listed on any U.S. Government list of prohibited or restricted parties.
• Contact. Questions, complaints or claims about the Software can be sent to Kvantra Operations AS, Keiser Wilhelms gate 22, 6003 Ålesund, Norway, email contact@kvantra.ai.
• Third-party terms. You must comply with applicable third-party terms of agreement when using the Software, for example your mobile data service agreement.
• Third-party beneficiary. Apple and Apple’s subsidiaries are third-party beneficiaries of this EULA, and upon your acceptance of this EULA, Apple will have the right (and will be deemed to have accepted the right) to enforce this EULA against you as a third-party beneficiary.

The terms above add to this EULA and the Terms. They only prevail where they directly conflict with them, and only for the app. They do not reduce Kvantra’s rights. In particular, Sections 2 (Licence Restrictions), 3 (Data and Content Ownership), 5 (No Investment Advice), 6 (Warranties and Disclaimers) and 7 (Limitation of Liability) apply in full to the app. As on our website, the app provides information only and is not investment advice.

Unless we turn on Family Sharing for a Subscription, Family Sharing only covers downloading the app. Each person needs their own Account.

11.2 Apps from Google Play

If you download the Software from Google Play, this EULA is between you and Kvantra only. Google is not responsible for the Software or its content, and your use of Google Play is also subject to Google’s terms.

11.3 In-App Purchases

Subscriptions bought inside a Kvantra app are sold, billed, renewed, cancelled and refunded by the relevant App Store under its own terms, as described in Section 5.5 of the Terms.

12. General Provisions

• Section 11.1 applies to apps downloaded from the Apple App Store as described there.
• We may update this EULA in the same way as the Terms (Section 20 of the Terms).
• Kvantra may transfer this EULA in the same way as the Terms (Section 21 of the Terms).
• This EULA is governed by Norwegian law, with disputes subject to the jurisdiction described in the Terms. Mandatory consumer protection rules, including your right to bring claims before the courts of your home country where applicable, apply in addition and take precedence where required by law.
• If any provision of this EULA is held invalid or unenforceable, the remaining provisions shall remain in full force and effect.
• No failure or delay by Kvantra in exercising any right under this EULA shall constitute a waiver of that right, nor shall any single or partial exercise of any right preclude any other or further exercise of that or any other right.

Contact: Kvantra Operations AS (org.nr 937 809 697), Keiser Wilhelms gate 22, 6003 Ålesund, Norway, contact@kvantra.ai.