1. The following terms and expressions as used in these Conditions will have the followingmeaning:

Agreement: any agreement between AIS and Customer, any amendment or addition thereto, as well as any acts for purposes of preparation or implementation of such agreement;

AIS: the private company with limited liability Alf Investment Strategy B.V.;

Conditions: these general terms and conditions of AIS;

Consumer: any natural person, who purchases or wishes to purchase Services from AIS, notacting in the exercise of a profession or business;

Content: (digital) content or information made available by AIS on a Platform, or otherdigital data carriers, including (but not limited to), (video) visual material, audio material, texts, websites and other media;

Customer: any natural person or legal entity purchasing goods and/or services from AIS;

Force Majeure: any circumstances beyond AIS’ control that delay, preclude or renderperformance of all or part of its obligations vis-à-vis Customer impossible, or as a result of which AIS cannot reasonably be required to perform its obligations, irrespective of whether such circumstances were for eseeable at the time of entering into the Agreement. Such circumstances will in any event include, butare not limited to: business interruptions, war, threat of war, state of siege, quarantine, epidemics, shortage of raw materials, the unavailability of one or more employees, mobilisation, commotion, flooding, frost, blocked shipping and other blocking of transport, stagnation in or failure of power, orrestrictionor discontinuation of supplies by public utility companies, shortage of coal, fire, machine breakdownandother accidents, strike, lockout, actions by employees’ organisations that render production impossible, failure or unavailability of the internet, hosting, computer network or telecommunication facilities, prohibitions on import and export, import and export control, government measures, and non-delivery, ornon-punctual delivery, by third parties (including suppliers), for any reason whatsoever;

Intellectual Property Rights: all rights, including future rights, in any patents, inventions, models, designs, trademarks, trade names, logos, domain names, database rights, copyrights(including rights in software), portrait rights, moral rights, plant variety rights, (semiconductor)topography rights, rights in knowhow, and any other intellectual property rights and rights and forms of protection with a similar effect, whether registered or unregistered, and including applications for rights, anywhere in the world;

Parties: AIS and Customer jointly;

Party: AIS or Customer;

Platform: an electronic platform used by AIS for providing Content, which Customer can access under a Subscription;

Services: all services offered and/or to be provided by AIS;

Subscription: an Agreement entered into between AIS and Customer for the provision ofServices for a definite or indefinite term on a subscription basis.

1. These Conditions apply to all offers by AIS and all Agreements, including all future offers andAgreements.
2. Deviations, additions, limitations and/or amendments to an Agreement and/or these Conditions are only valid if (an authorised representative of) AIS has agreed to them in writing.

1. Any offer made by AIS, in any form, is non-binding and without obligation. An Agreement between AISand Customer is only valid from the moment AIS has confirmed an Agreement in writing to Customer, or if AIS carries out the Agreement
2. The Services are illustrated and/or described as clearly, fully and truthfully as possible, always in so far as this can reasonably be required by AIS. However, apparent errors, omissions or mistakesin offers, on digital data carriers, websites folders and/or other kinds of publications (with regard to, for example, data, prices, images, instructions, drawings) do not bind AIS.
3. AIS is entitled to unilaterally amend these Conditions. AIS shall announce the amended Conditions to Customer at least one (1) month before they take effect. Customer shall be bound by the amended Conditions from the day they take effect. If the amendment of the Conditions isunfavourable to Customer, Customer is entitled to terminate the Agreement in writing before the amendment(s) come into effect, with effect from the day on which the amended Conditions come intoeffect.

1. All information of and/or (general) advice given by AIS with regard to the Services, the Platformand/orthe Content, and/or the application possibilities thereof, are provided by AIS as-is without any obligation, and to the best of its knowledge and ability. Any information and/or (general) advice given by AIS doesn’t absolveCustomer from carrying out its own careful examination of the Services, the Platform and/or the Content, and whether the Services, the Platform and/or the Content correspond to the purpose or use intended by Customer. Any incorrect or incomplete (general) advice by and/or information from AIS shall not constitute groundsfor anyliability of AIS.
2. AIS does not guarantee that the Services, the Platform and/or the Content it provides are suitablefor the purpose or result intended by Customer. This applies amongst others because of the situation that the result of the Services, the Platform and/or the Content depends on factors outside AIS’ sphere of influence and control. Careful application and/or use of Services, the Platform and/or the Content is the sole responsibility of Customer, without prejudice to the provisions in this Article 4.
3. AIS does not provide any personalized (investment and/or financial) advice with its Services, the Platformand/or the Content. The Services, the Platform and/or the Content are provided to Customer for informational purposes only. The Services, the Platform and/or the Content do not construe any offer or advice to buy or sella particular security or a solicitation of offers to buy or sell a particular security.

1. A Subscription commences on the date AIS confirms the start of the Subscription to Customer (e.g. bygranting access to the Platform or Content).
2. A Subscription is always continued on a monthly or yearly basis, unless another fixed term is express lyagreed upon when the Subscription is concluded (e.g. quarterly). The Subscription will (automatically) continue with the selected fixed term until the Subscription is terminated by Customer pursuant to Article5.4. Customer agrees to pay all fees owned until the moment that the termination of the Subscription comes into effect.
3. Payment of the Subscription shall always be made by direct debit to the means of payment specified by the Consumer, unless agreed otherwise between the Parties. If no or insufficient payment is made byConsumer or the agreed fee proves to be irrecoverable in any way, the Services offered by AIS will be suspended with immediate effect until Consumer has paid all fees owed to AIS.
4. Termination (opzegging) of a Subscription will take effect on the date on which the next (monthly or yearly) billing period would take place. The termination notice must be communicated via email and must have reached AIS no later than three (3) days before the start of the billing period to avoid the Subscription being renewed. Termination of a Subscription can be done by sending an e-mail to customer@themacrocompass.com or, if applicable, via the termination option on the website or on the Platform.
5. AIS is allowed to change the terms and conditions of a Subscription at any time, and such changesshall beposted on the website, the Platform or otherwise communicated to Customer, at which point these changes come into effective immediately. If AIS changes the terms and conditions of a Subscription, and the change involves amaterial change to the agreed performance, including a change to the agreed fee for the Subscription, Customer has the right to cancel the Subscription within one (1) month of the change taking effect.

1. The prices charged by AIS are in Euro and inclusive of VAT and/or any other government-imposed taxes, but exclusive of transport costs, delivery costs and any packaging costs.
2. Unless otherwise agreed between the Parties, and without prejudice to the provisions regarding a Subscription in Article 5, all invoices of AIS shall be paid by Customer within fourteen (14) days from invoice date.
3. If Customer doesn’t pay an invoice within the period referred to in Article 6.2, Customer is indefault without any prior notice of default being required.
4. The information from AIS’ records or systems shall provide full evidence regarding the Services provided by AIS and the fees owed by Customer, without prejudice to Customer’s right to provide evidence to the contrary.

1. All Content provided by AIS expressly remains the property of AIS and its licensors and suppliers. AIS and its licensors and suppliers hold all the Intellectual Property Rights and other rights inrespect of the Services, the Platform and Content. Unless expressly agreed otherwise in an Agreement and/or in these Conditions, the provisions of an Agreement and these Conditions will not be construed as a transfer or license to use granted by AIS or its licensors or suppliers of their Intellectual Property Rights and other rights to Customer.
2. During the term of an Agreement, and subject to Customer’s performance of its obligations under the Agreement and these Conditions, AIS will grant Customer a limited, non-transferable, non-exclusive,revocable licence, non-sublicensable right to use the Platform, Content and/or Services for the purposes pursuant to the relevant Agreement, unless agreed otherwise between the Parties. This license is subject to the following restrictions and conditions, unless agreed otherwise between theParties:
   • Customer will not copy or reproduce (information or data from) the Platform, Content and/or Services in machine-readable, digital or printed form for backup or archiving or any other  purposes, save to the extent expressly permitted under the Agreement or required pursuant to applicable laws and regulations;
   • Customer will not adjust, combine, translate, reverse-engineer, decompile, disassemble, decode, access or otherwise modify or try to retrieve the source code or any other information of the Platform, Content and/or Services;
   • Customer will not, either temporarily or permanently, sublicense, assign, novate, transfer, give in lease, let or otherwise dispose of, or grant the use of, the Platform, Content and/or Services to third parties;
   • Customer will not disclose (data or information in) the Platform, Content and/or Services in any outsourcing, timesharing, public presentation (including but not limited to assisting any third parties through a helpdesk) or service desk arrangements;
   • Customer will not provide, disclose, distribute, publish or make available any informationor data from the Platform, Content and/or Services, to any third parties, or grant the useof or access to the Platform, Content and/or Services, or information or data from thePlatform, Content and/or Services, to any third parties, save to the extent expressly permitted under this Agreement or with the prior written consent of AIS;
   • Customer will not use the Platform, Content and/or Services for unlawful or illegal activities.
3. AIS may, at its own discretion, take technical measures to protect the Platform, Content and/or Services or with a view to the agreed restrictions in light of the of license as referred to inArticle 7.2.

1. AIS will not be liable on account of default, wrongful act or on any other basis whatsoever for anyindirect damage, consequential damage, lost profits, lost savings, reduced or lost goodwill, damageas a result of business stagnation, damage as a result of third-party claims, costs of attorney’sfees, corrupted or lost data, damage in connection with the use of any third-party items, unavailability of systems (Platform, Content or Services), or lost opportunities as a result of orin connection with an Agreement.
2. In the event of any liability on the part of AIS, AISs’ total liability for any damage, on any basis whatsoever, will be limited to the amount due and paid by Customer under the Agreement to which theevent causing the damage relates. In no event, however, will AIS’ total liability exceed an amount of EUR 1,000.00 (in words: one thousand euros) per event or series of events with the same cause.
3. The limitations of liability in this Article 8 shall not apply if and to the extent that the damageis the result of wilful intent or gross negligence on the part of AIS or its managerial staff.
4. A condition for the emergence of any right to damage for Customer, regardless of the basis of that liability, is always that the Customer reports the ground for damage to AIS in writing as soon as possible, and no later than three (3) months after the damage arose, or at least within three (3) months after the moment the damage could reasonably have been discovered, clearly stating the damage.
5. The limitations of liability and indemnification in this article 16 will also extend to all of AIS’s affiliates, management, directors, employees, agents, representatives, assigns and successorsin title.

1. Without prejudice to the provisions of these Conditions and pursuant to the law, AIS will be entitled to terminate (opzeggen) all or part of an Agreement with a notice period of one (1) month if AIS decides to suspend or discontinue, or has suspended or discontinued its business operations, Services, Platform and/or Content.
2. Under no circumstances will AIS, in the event of termination of an Agreement, for any reason whatsoever, be liable to repay to the Customer any considerations already due and paid for Services rendered up to the effective date of termination, or to pay any damages or penalties to the Customer.
3. Unless expressly agreed otherwise between the Parties, on the effective date of termination ofan Agreement:
   • any use right granted by AIS pursuant to the Agreement and/or these Conditions will expire; and
   • Customer will promptly relinquish any other right granted to it pursuant to the Agreementand/or these Conditions;
4. Any provisions of an Agreement and/or these Conditions that, by their nature, are intended to survive termination will continue to apply in full not with standing termination. Such provisions will in any event include, but are not limited to, Articles 4, 8 and 14 of these Conditions.

1. AIS respects the privacy of Customer. Processing of Customer’s personal data is carried out in a manner consistent with the requirements of privacy regulations, and more specifically in accordance with AIS’ privacy statement which can be consulted via the website of AIS.

1. AIS will not be required to perform any obligation under an Agreement if precluded from doing so due to Force Majeure. In the event of a situation of Force Majeure exceeding a period of thirty(30) days, either Party will be entitled to terminate the Agreement in respect of which the situation of Force Majeure has occurred with immediate effect, without any entitlement arising on the part of the Parties to damages. If any part of the obligations under an Agreement has already been performed by AIS, the performed part will be proportionally due and paid by Customer.

1. The Services may use, include, or make available third-party content (including data,information, applications, and other products, services, and/or materials) or provide links tothird-party websites or services (“Third-Party Materials”). Customer acknowledgesand agrees that AIS is not responsible for Third-Party Materials, including their accuracy, completeness, decency, timeliness, validity, compliance with Intellectual Property Rights, legality, quality, or any other aspect thereof.  AIS shall not have any liability or responsibility to Customer or any other personor entity for any Third-Party Materials. Customer agrees that its access to and use of Third-Party Materials is entirely at its own risk.

1. Customer will not be entitled to assign any Agreement, or its rights and/or obligations under an Agreement, to any third party or to give any third party any right or interest in respect of an Agreement, without the prior written consent of AIS.
2. In the event that one or more provisions of an Agreement or these Conditions are declared null and void, nullified or prove to be invalid, in any way whatsoever, it will be assumed that the relevant provision does not form part of an Agreement or of these Conditions, the other provisions of an Agreement or these Conditions will remain in effect, and the Parties will use reasonable efforts to replace the void, nullified or invalid provision by a provision the substance, purport, intent and scope of which remains as close to the void, nullified or invalid provision as possible.
3. No failure by AIS to exercise its rights, immediately or otherwise, under an Agreement or these Conditions will prevent AIS from exercising its rights at a later stage or constitute a waiverby AIS of its rights. Partial exercise of rights will not affect AIS’s right to exercise its other rights at a later stage.

1. Any disputes that may arise as a result of or in connection with an Agreement, these Conditions and the relationship between the Parties will be governed by the laws of the Netherlands, with the exclusion of the principles of private international law and the UN Convention on Contractsfor the International Sale of Goods of 1980 (CISG).
2. Any disputes that may arise as a result of or in connection with an Agreement, these Conditions and the relationship between the Parties will be submitted to the exclusive jurisdiction of the District Court of Midden-Nederland, location Utrecht, the Netherlands, unless, in the event that Customer is a Consumer, Customer informs AIS (within one month after AIS has invoked thisclause in writing) that Customer chooses to submit the dispute to the court having jurisdiction based on the law. The foregoing is without prejudice to AIS’s right at all times to submit the dispute directly to the court that has jurisdiction based on the law.