Terms of Use

Effective Date: August 1, 2026

These Terms of Use (the "Terms") govern your access to and use of the website located at https://blacksaddlellc.com/ and any successor or related websites operated by Black Saddle Capital Partners LLC ("Black Saddle," "we," "us," or "our") (collectively, the "Site"). By accessing or using the Site, you acknowledge that you have read, understood, and agreed to be bound by these Terms. If you do not agree to these Terms, you must not access or use the Site.

1. Informational Purposes Only; No Offer or Solicitation

The information contained on the Site is provided solely for general informational purposes. Nothing on the Site constitutes, or is intended to constitute, an offer to sell, or a solicitation of an offer to buy, any security, investment product, or service in any jurisdiction in which such offer, solicitation, purchase, or sale would be unlawful. Any such offer or solicitation will be made only by means of definitive offering documents that contain a description of the material terms of the relevant investment, including risk factors, conflicts of interest, and other information that should be considered before making any investment decision.

Nothing on the Site constitutes investment, legal, tax, accounting, or other professional advice, and the Site should not be relied upon as the basis for making any investment or other decision. You should consult your own advisers before making any investment decision.

Additional disclosures may apply to particular information presented on the Site, depending on the nature of that information. Please refer to the Important Disclosures.

2. Intended Audience

The Site is intended to provide general information about Black Saddle and its activities. It is not directed at any person for the purpose of offering or soliciting any investment. Access to certain materials, including the firm's investor portal, is restricted and available only to authorized persons.

3. Jurisdictional Restrictions

The Site and its contents are not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to applicable law or regulation, or which would subject Black Saddle or any of its affiliates to any registration, licensing, or similar requirement within such jurisdiction. Persons accessing the Site are responsible for informing themselves of, and complying with, any applicable restrictions.

4. No Investment Advice; Forward-Looking Statements

Any opinions expressed on the Site represent the current, good-faith views of the author or authors at the time of publication, are provided for limited purposes, are not definitive investment advice, and should not be relied upon as such. Predictions, opinions, and other information contained on the Site are subject to change continually and without notice and may no longer be accurate after the date indicated.

Certain information on the Site may constitute "forward-looking statements," which can be identified by the use of forward-looking terminology such as "may," "will," "should," "expect," "anticipate," "target," "project," "estimate," "intend," "continue," or "believe," or the negatives thereof or other variations or comparable terminology. Forward-looking statements are subject to numerous assumptions, risks, and uncertainties, which change over time. Actual results may differ materially from those anticipated in forward-looking statements. Forward-looking statements speak only as of the date they are made, and Black Saddle undertakes no obligation, and disclaims any duty, to update any forward-looking statement.

5. Information Sources; No Warranty

Information on the Site has been developed internally or obtained from sources believed to be reliable, or both; however, Black Saddle does not guarantee the accuracy, adequacy, or completeness of such information. The Site and all content are provided on an "as is" and "as available" basis without warranty of any kind, either express or implied, including, without limitation, warranties of merchantability, fitness for a particular purpose, non-infringement, or accuracy. Black Saddle does not warrant that the Site will be uninterrupted, timely, secure, or error-free.

6. Intellectual Property

All content on the Site, including text, graphics, logos, images, video, audio, data compilations, and software, is the property of Black Saddle or its licensors and is protected by United States and international copyright, trademark, and other intellectual property laws. Except as expressly permitted by these Terms or by separate written agreement with Black Saddle, you may not copy, reproduce, republish, distribute, modify, transmit, display, perform, license, create derivative works from, transfer, or sell any content from the Site.

"Black Saddle," "Black Saddle Capital Partners LLC," and any associated logos and marks are trademarks of Black Saddle Capital Partners LLC. All other trademarks appearing on the Site are the property of their respective owners.

7. Permitted Use

Subject to your compliance with these Terms, Black Saddle grants you a limited, non-exclusive, non-transferable, revocable license to access and view the Site solely for your personal, non-commercial informational use. You agree not to:

•     use the Site in any manner that could damage, disable, overburden, or impair it, or interfere with any other party's use of the Site;

•     use any robot, spider, scraper, or other automated means to access the Site for any purpose without our prior written consent;

•     attempt to gain unauthorized access to any portion of the Site, related systems, or networks;

•     circumvent or attempt to circumvent any security or access control mechanism on the Site; or

•     use the Site to transmit any unlawful, harassing, defamatory, or otherwise objectionable material, or any material that infringes the rights of any third party.

8. Third-Party Links and Content

The Site may contain links to third-party websites or resources that are not owned or controlled by Black Saddle. Black Saddle provides such links solely as a convenience and does not endorse, sponsor, or assume responsibility for any third-party site, resource, content, product, or service. Your access to and use of any third-party site is at your own risk and subject to the terms and policies of that third party.

9. Disclaimer of Warranties

TO THE FULLEST EXTENT PERMITTED BY LAW, BLACK SADDLE, ITS AFFILIATES, AND EACH OF THEIR RESPECTIVE OFFICERS, DIRECTORS, MEMBERS, PARTNERS, EMPLOYEES, AND AGENTS DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, IN CONNECTION WITH THE SITE AND YOUR USE OF IT, INCLUDING WITHOUT LIMITATION ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT, AND ACCURACY OR COMPLETENESS OF CONTENT.

10. Limitation of Liability

TO THE FULLEST EXTENT PERMITTED BY LAW, IN NO EVENT WILL BLACK SADDLE, ITS AFFILIATES, OR ANY OF THEIR RESPECTIVE OFFICERS, DIRECTORS, MEMBERS, PARTNERS, EMPLOYEES, OR AGENTS BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES, OR ANY LOSS OF PROFITS, REVENUE, DATA, USE, OR GOODWILL, ARISING OUT OF OR RELATED TO YOUR ACCESS TO OR USE OF, OR INABILITY TO ACCESS OR USE, THE SITE OR ANY CONTENT, WHETHER BASED ON WARRANTY, CONTRACT, TORT (INCLUDING NEGLIGENCE), STATUTE, OR ANY OTHER LEGAL THEORY, AND WHETHER OR NOT WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

11. Indemnification

You agree to defend, indemnify, and hold harmless Black Saddle and its affiliates and each of their respective officers, directors, members, partners, employees, and agents from and against any and all claims, damages, obligations, losses, liabilities, costs, and expenses, including reasonable attorneys' fees, arising from or related to your access to or use of the Site, your violation of these Terms, or your violation of any third-party right.

12. Privacy

Your use of the Site is also subject to our Privacy Policy, which describes how we collect, use, and disclose information in connection with the Site. The Privacy Policy is incorporated into these Terms by reference.

13. Governing Law and Venue

These Terms, and any dispute or claim arising out of or related to the Site or these Terms, will be governed by and construed in accordance with the laws of the State of Texas, without regard to its conflict-of-laws principles. You agree that any action or proceeding arising out of or related to the Site or these Terms will be brought exclusively in the state or federal courts located in Dallas County, Texas, and you irrevocably consent to the personal jurisdiction and venue of such courts.

14. Changes to These Terms

Black Saddle may modify these Terms at any time by posting an updated version on the Site. The Effective Date above indicates when the Terms were last revised. Your continued access to or use of the Site after any such change constitutes your acceptance of the revised Terms. You should review these Terms periodically.

15. Severability; Entire Agreement

If any provision of these Terms is held invalid or unenforceable, that provision will be enforced to the maximum extent permitted by law, and the remaining provisions will remain in full force and effect. These Terms, together with the Privacy Policy and any disclosures referenced on the Site, constitute the entire agreement between you and Black Saddle regarding the Site.

16. Contact

Questions about these Terms may be directed to info@blacksaddlellc.com or to Old Parkland, Resolute Tower, 4020 Maple Avenue, Suite 440, Dallas, TX 75219.