Last Updated: September 18, 2025

1. ACCEPTANCE OF TERMS

By accessing or using Understory’s website (the “Site”), you agree to be bound by these Terms of Service (“Terms”). If you do not agree, you may not use the Site.

2. USE OF THE SITE

You agree to use the Site only for lawful purposes and in a way that does not infringe the rights of, restrict, or inhibit anyone else’s use and enjoyment of the Site.

3. INTELLECTUAL PROPERTY

All content, trademarks, and other intellectual property on the Site are owned by or licensed to Understory and are protected by applicable intellectual property laws. You may not reproduce, distribute, or create derivative works without our prior written consent.

4. USER CONTENT

If you submit content (comments, feedback, etc.), you grant Understory a worldwide, non-exclusive, royalty-free license to use, reproduce, modify, and display that content for the purpose of operating the Site.

5. DISCLAIMERS

The Site is provided on an “as is” and “as available” basis without warranties of any kind. We do not guarantee that the Site will be secure, error-free, or uninterrupted.

6. LIMITATION ON LIABILITY

To the maximum extent permitted by law, Understory is not liable for any indirect, incidental, special, consequential, or punitive damages arising from your use of the Site.

7. INDEMNIFICATION

You agree to indemnify and hold harmless Understory and its affiliates, officers, employees, and agents from any claims, liabilities, damages, losses, or expenses arising from your use of the Site or violation of these Terms.

8. TERMINATION

We may suspend or terminate your access to the Site at any time without notice for any reason.

9. GOVERNING LAW

These Terms shall be governed by and construed in accordance with the laws of Wyoming, United States, without regard to conflict of law principles.

10. CONTACT US

If you have questions about these Terms or the Privacy Policy, please contact us at:
manager@understoryfund.com