Terms of Use

Interfox Holdings LLC Terms of Service

Last revised on: July 1, 2024

INTRODUCTION

These terms and conditions (the “Terms”) between you (an “End User” or “user” and, in the aggregate, “End Users” or “users”) and Interfox Holdings LLC, a New York limited liability company (“Company”, “us”, “our”, and “we”), govern your use of Junkbondinvestor.com (the “Site”), and the Junkbondinvestor email newsletter (the “Newsletter” and, together with the Site, the “Services”) and form the basis of an end user license agreement and privacy policy (“EULA”) between you, an End User, and us. By using the Services, you accept these terms and conditions in full, including those in our Privacy Policy. If you disagree with these terms and conditions, in part or in whole, you must not use the Services.

The Company may agree to host its Services with a third-party provider such as Substack Inc. In the event that the Company does so, each End User is also encouraged to read said third-party’s separately binding Terms of Use and Privacy Policy. To the extent that these Terms or the Company’s Privacy Policy conflict with any third-party Terms of Use or Privacy Policy in a way that affects End Users’ relationship with the Company, these Terms shall constitute the prevailing Terms governing said relationship.

ELIGIBILITY

These Terms set forth the legally binding terms and conditions that govern your use of the Services. By opening, accessing, or using the Services in any way, you are accepting these Terms (on behalf of yourself or the entity that you represent), and you represent and warrant that you have the right, authority, and capacity to enter into these Terms (on behalf of yourself or the entity that you represent). You may use the Services only if you can form a binding contract with Interfox Holdings LLC and only in compliance with these Terms and all applicable local, state, national, and international laws, rules, and regulations. You may not access or use the Services or accept the Terms if you are not at least 18 years old. If you are not 18 years old and/or you do not agree with all of the provisions of these Terms, do not access and/or use the Services. The Services are not available to any End Users previously removed from the Services by Interfox Holdings LLC.

Please note that these terms require the use of arbitration (Section 10.2) on an individual basis to resolve disputes, rather than jury trials or class actions, and also limit the remedies available to you in the event of a dispute.

1. Accounts

1.1 Account Creation.

In order to use and/or receive certain features and/or aspects of the Services, you (or someone at your place of business on your behalf) must sign up and/or register for an account (“Account”) and provide certain information about yourself as prompted by the signup and/or account registration form. You represent and warrant that: (a) all required registration information you submit is truthful and accurate; and (b) you will maintain the accuracy of such information. You may delete your Account at any time, terminate use of Services at any time, or unsubscribe from the Newsletter at any time, as applicable, for any reason, by following the instructions on the Site or noted in the Newsletter, as applicable, or by notifying Interfox Holdings LLC as appropriate. If you have paid for access to your Account and thereafter elect to terminate your Account, there will be no refund of any payment, in part or in whole, of the payment and you may not recuperate any said payment from the Company. Company may suspend or terminate your Account in accordance with Section 8.

1.2 Account Responsibilities.

You are responsible for maintaining the confidentiality of your Account login information and are fully responsible for all activities that occur under your Account. You agree to immediately notify Company of any unauthorized use, or suspected unauthorized use of your Account or any other breach of security. Company cannot and will not be liable for any loss or damage arising from your failure to comply with the above requirements.

2. Access to and Use of the Services

2.1 License.

Unless otherwise stated, Interfox Holdings LLC owns the intellectual property rights in the Newsletter and Websites and material in the Newsletter and Websites. Subject to the license herein, all these intellectual property rights are reserved.

Subject to these Terms, Company grants you a non-transferable, non-exclusive, revocable, limited license to use and access the Services solely for your own personal, noncommercial use. You may view, download for caching purposes only, and print pages from the Newsletter and Websites for your own personal use, subject to the restrictions set out below and elsewhere in these Terms.

2.2 Certain Restrictions.

The rights granted to you in these Terms are subject to the following restrictions: (a) you shall not license, sub-license, sell, rent, lease, transfer, assign, distribute, host, or otherwise commercially exploit the Services, whether in whole or in part, or any content displayed in or on the Services; (b) you shall not republish, reproduce, redistribute, modify, edit, make derivative works of, disassemble, reverse compile, reverse engineer, or show in public any part of the Services; (c) you shall not access the Services in order to build a similar or competitive website, newsletter, product, or service; and (d) except as expressly stated herein, no part of the Services may be copied, reproduced, distributed, republished, downloaded, displayed, posted or transmitted in any form or by any means. Unless otherwise indicated, any future release, update, or other addition to functionality of the Services shall be subject to these Terms. All copyright and other proprietary notices on the Services (or on any content displayed on the Services) must be retained on all copies thereof.

2.3 Modification.

Company reserves the right, at any time, to modify, suspend, or discontinue the Services (in whole or in part) with or without notice to you. You agree that Company will not be liable to you or to any third party for any modification, suspension, or discontinuation of the Services or any part thereof whether in total or solely with respect to your Account and/or usage. In the event that you have paid for the Services and there is a modification, suspension or discontinuation of the Services at any time and for any reason, you understand and agree that Company will be under no obligation whatsoever to refund you any payment, in part or in whole, and you may not recuperate any said payment from the Company.

2.4 No Support or Maintenance.

You acknowledge and agree that Company will have no obligation to provide you with any support or maintenance in connection with the Services.

2.5 Ownership.

Excluding any User Content that you may provide (defined below), you acknowledge that all the intellectual property rights, including copyrights, patents, trademarks, and trade secrets, in the Services and its content are owned by Company or Company’s suppliers. Neither these Terms (nor your access to the Services) transfers to you or any third party any rights, title, or interest in or to such intellectual property rights, except for the limited access rights expressly set forth in Section 2.1. Company and its suppliers reserve all rights not granted in these Terms. There are no implied licenses granted under these Terms.

2.6 Subscriber Limitations.

As of the date hereof, the Company generally publishes Newsletters once a week: once on Friday.

• Newsletters are, generally, reserved for paying subscribers only (unless otherwise indicated).

There are exceptions to this schedule but, in each case, both the Websites and the Newsletters are clearly marked in ways that delineate whether a particular Newsletter or Website article/entry is (i) open to the public or, alternatively, (ii) paywalled content reserved for paying subscriber only.

You may not use a group or corporate inbox to subscribe to the Newsletter nor may you share or “forward” Newsletters designated, marketed, distributed, or otherwise clearly denoted as a “paid,” “member” or “paid subscriber” product (or any other moniker that clearly demonstrates that said Newsletter has been paid for) beyond the limits provided in Permitted Subscriber Sharing below. This means, unless otherwise indicated, Newsletters published on Sundays may not be shared and/or forwarded.

Similarly, you may not use a group or corporate email address to subscribe to and access Members’-only content on the Websites and you may not share access to paywalled content on the Websites.

If more than one person in your company/firm wants regular paying subscriber-only all-access to the Newsletter and Websites, the Company offers volume pricing for multiple subscriptions.

2.7 Permitted Subscriber Sharing.

Newsletters designated “free,” “Freemail,” “Freemium,” “non-Member” or such other moniker that suggests that it is not a Newsletter that has been or should have been paid for may be shared and/or forwarded without limit. This means, unless otherwise indicated, Newsletters published on Wednesdays may be shared and/or forwarded.

In contrast, Newsletters designated “Subscriber Briefing” or "Member Briefing" or “Members’-only” or such other moniker that would suggest that said Newsletter has been paid for may not be forwarded or shared under any circumstances whatsoever.

Notwithstanding the foregoing, you may take a screenshot of partial content from the Websites or Newsletters for the sole purpose of sharing on social media provided such publication includes attribution to Interfox Holdings LLC (including, in the case of Twitter, a “h/t” acknowledgement to the Junkbondinvest Twitter handle). You may reproduce a reasonable excerpt from the Websites or Newsletters for a blog post or other

12.8 Contact Information:

Interfox Holdings LLC

418 Broadway STE R

Albany, NY 12207

E-mail: junkbondinvest@gmail.com