Terms of Service — The Holdings Ledger

These Terms of Service ("Terms") govern access to and use of The Holdings Ledger website, applications, and related services (the "Service"). The Service is operated by AS3 LLC ("Holdings Ledger," "we," "us," or "our"). By accessing or using the Service, you agree to these Terms.

If you are using the Service on behalf of an organization, you represent and warrant that you have authority to bind that organization to these Terms. If you do not agree, do not use the Service.

Separate written agreements control. If you or your organization has a separate written subscription, license, order form, or other agreement with AS3 LLC governing use of the Service, that agreement controls to the extent of any conflict with these Terms.

1. Who This Is For; Right to Use

The Service is intended for business and institutional users. You agree to use the Service only for legitimate business purposes and in compliance with applicable laws.

Subject to these Terms and to any separate written agreement with us, we grant you a limited, non-exclusive, non-transferable, revocable right to access and use the Service for your own internal business purposes.

2. Accounts and Authentication

We use email-based sign-in links ("magic links") and related security controls to authenticate users. You are responsible for maintaining the confidentiality and security of access to your email account and for all activity that occurs under your account.

Accounts are for the individual authorized user to whom they are issued. You may not share your account, credentials, or sign-in links with anyone else, including others within your organization who have not been authorized for access. Notify us promptly if you believe your account has been compromised.

Authentication and security events (such as sign-in attempts) are logged using a one-way cryptographic hash of your email address, not the email itself. Logs may also include timestamps, request metadata, and may include IP address or user agent for security monitoring purposes.

We may deny, suspend, or revoke access if:

your email address is not authorized for evaluation or subscription access,
your organization's access is not configured or approved,
your evaluation period has expired, or
we reasonably suspect misuse, fraud, or a security risk.

3. Evaluation / Trial Access

If you are granted evaluation access, it is provided for limited evaluation purposes and may be time-limited. During evaluation:

features may be limited or disabled (including exports),
data access may be restricted, and
the Service may change, degrade, or be withdrawn without notice.

Evaluation access does not create any commitment to provide ongoing service, support, uptime, or future features.

4. Acceptable Use

You agree not to:

attempt to access data outside your authorized scope (including outside your organization or authorized entity set),
probe, scan, test, bypass, or defeat security controls (including rate limits and access controls),
reverse engineer, scrape, or systematically extract content except as expressly permitted in writing,
upload malware or attempt to disrupt the Service or its infrastructure, or
use the Service to violate laws or third-party rights.

We may investigate violations and cooperate with law enforcement where required.

5. Information You Provide

The information you provide to us consists of your account and contact details (such as your email address, name, and organization) and anything you choose to send us when you contact us for support or other inquiries. You represent that you have the right to provide it and that it is accurate.

We handle personal information as described in our Privacy Policy.

6. Outputs, Automated Processing, Accuracy, and No Reliance

The Service may provide summaries, analytics, classifications, and other outputs ("Outputs"). Outputs may be generated in whole or in part using automated processing of third-party and publicly available source materials, and may contain errors, omissions, or incomplete data. Automated processes can produce errors.

No Guarantee of Accuracy. We do not guarantee that any Output or other information provided through the Service is accurate, complete, timely, or fit for any purpose. The Service is not a system of record. You are solely responsible for verifying results against original source materials before making decisions.

No Advice. The Service is provided for informational purposes only. It does not constitute legal, accounting, financial, investment, tax, or other professional advice and is not a recommendation to buy, sell, or hold any security or instrument. You should consult qualified professionals as appropriate.

7. Third-Party and Public-Source Information

The Service may depend on third-party providers (e.g., hosting, email delivery, data storage) and incorporates information obtained from third-party and publicly available sources. We do not own or control those underlying sources or records, and we are not responsible for third-party content or services, including outages, failures, or inaccuracies.

No affiliation or endorsement. We are not affiliated with, sponsored by, or endorsed by any third party or public entity whose information may appear in the Service, and we do not act on their behalf.

8. Confidential Information

You may receive information about the Service that is not publicly available, such as unreleased features, roadmap, pricing, or security details ("Confidential Information"). You agree not to disclose Confidential Information to any third party except to your employees and agents who have a need to know and who are bound by confidentiality obligations at least as protective as these Terms.

Nothing in this Section restricts you from stating that you use the Service or from describing its generally available functionality.

9. Intellectual Property

We and our licensors own all rights, title, and interest in and to the Service, including the software, design, text, and documentation, and in our compilation, normalization, organization, classification, analytics, and presentation of the information made available through it, together with all related intellectual property rights. We do not claim ownership of the underlying third-party or public-source records themselves. Except for the rights expressly granted in Section 1, no rights are granted to you.

You may not copy, modify, distribute, sell, lease, sublicense, or create derivative works of the Service except as expressly permitted by us in writing.

In addition, you may not resell, sublicense, repackage, or engage in bulk or systematic redistribution of our compiled or normalized output, or make it available as a standalone dataset, data feed, or substitute for the Service, except under a separate written agreement with us. This does not restrict incidental references to the Service, or reasonable screenshots or limited excerpts, in the ordinary course of your business.

10. Termination

You may stop using the Service at any time. We may suspend or terminate access immediately if we believe you violated these Terms or pose a security risk.

Upon termination, your right to access the Service ends. We may retain certain logs and records as described in our Privacy Policy and as required for security, compliance, or legal purposes.

11. Disclaimer of Warranties

THE SERVICE IS PROVIDED "AS IS" AND "AS AVAILABLE." TO THE MAXIMUM EXTENT PERMITTED BY LAW, HOLDINGS LEDGER DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF ACCURACY, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. WE DO NOT WARRANT THAT THE SERVICE WILL BE UNINTERRUPTED, SECURE, OR ERROR-FREE.

12. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT WILL HOLDINGS LEDGER BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES, OR FOR ANY LOSS OF PROFITS, REVENUE, DATA, OR GOODWILL, ARISING OUT OF OR RELATING TO THE SERVICE OR THESE TERMS.

TO THE MAXIMUM EXTENT PERMITTED BY LAW, HOLDINGS LEDGER'S TOTAL LIABILITY FOR ANY CLAIM ARISING OUT OF OR RELATING TO THE SERVICE OR THESE TERMS WILL NOT EXCEED THE AMOUNT PAID BY YOU TO HOLDINGS LEDGER FOR THE SERVICE IN THE TWELVE (12) MONTHS BEFORE THE EVENT GIVING RISE TO THE CLAIM, OR ONE HUNDRED U.S. DOLLARS ($100), WHICHEVER IS GREATER.

13. Indemnity

You agree to indemnify, defend, and hold harmless Holdings Ledger and its affiliates, officers, directors, employees, and agents from and against any claims, liabilities, damages, losses, and expenses (including reasonable attorneys' fees) arising out of or relating to: (a) information you provide to us; (b) your misuse of the Service; or (c) your violation of these Terms or applicable law.

14. Governing Law and Venue

These Terms are governed by the laws of Illinois, without regard to conflict-of-laws rules. Any dispute arising out of or relating to these Terms or the Service will be brought exclusively in the state or federal courts located in Cook County, Illinois, and you consent to personal jurisdiction and venue there.

15. Changes to These Terms

We may update these Terms from time to time. If changes are material, we will take reasonable steps to notify users. Continued use of the Service after the effective date of updated Terms constitutes acceptance.

16. Miscellaneous

Assignment. You may not assign these Terms without our prior written consent. We may assign these Terms in connection with a merger, acquisition, corporate reorganization, or sale of assets.

Severability. If any provision is found unenforceable, the remaining provisions will remain in effect.

Waiver. Failure to enforce any provision is not a waiver.

Force Majeure. We are not liable for delays or failures due to events beyond our reasonable control.

Survival. Sections 5–14 and this Section 16 survive termination.

17. Contact

Questions? Contact: adam@holdingsledger.com