Investment Disclaimer

Effective June 22, 2026

1. Please read this carefully

This Investment Disclaimer (the "Disclaimer") governs your use of the analytical content and outputs provided by Bishop Capital Intelligence Inc., a Delaware C corporation ("Bishop Capital Intelligence," "we," "us," or "our"), through our website and platform (the "Service"). It is incorporated into our Terms of Service. In the event of any conflict between this Disclaimer and another document regarding the nature of our content as investment advice, this Disclaimer governs.

2. Educational and informational purpose only

The Service and everything in it are provided for educational and informational purposes only. The Service is a set of analytical tools for studying publicly traded companies. It is not, and must not be relied upon as, a basis for making investment decisions without your own independent research and professional advice.

3. Our outputs are impersonal and not tailored to you

This is the most important thing to understand about the Service:

The platform's outputs are general, impersonal analytics produced by a deterministic methodology from public data and the inputs you supply (such as ticker, current price, and market capitalization). They are NOT tailored to your individual financial situation, holdings, portfolio, investment objectives, time horizon, or risk tolerance. Given identical inputs, the Service produces identical outputs for every user.

We do not collect or consider your personal financial circumstances, and no output is customized to you. The Service does not know who should or should not own any security. Any decision about whether an investment is suitable for you is yours alone to make, ideally with a licensed professional who knows your circumstances.

4. Not advice and not a recommendation

Nothing provided through the Service is investment, financial, legal, accounting, or tax advice, or a recommendation or solicitation to buy, sell, or hold any security or to pursue any investment strategy, and nothing in it constitutes an offer of any kind. The Service does not recommend any security or transaction.

5. We are not a registered adviser and owe you no fiduciary duty

Bishop Capital Intelligence is not a registered investment adviser, broker-dealer, or member of FINRA, and is not registered with the U.S. Securities and Exchange Commission or any state securities regulator in any such capacity. Your use of the Service does not create an advisory, brokerage, fiduciary, or other special relationship between you and us. We do not act on your behalf and we owe you no fiduciary duty.

6. What the fair-value estimate and the valuation indicator mean

The Service displays a fair-value estimate and, in some places, a visual valuation indicator comparing that estimate to the current price. Please understand exactly what these are — and are not:

The fair-value estimate is a hypothetical, methodology-derived figure produced for educational evaluation. It is not a prediction, forecast, projection of future market price, guarantee, or sell-side price objective.
The valuation indicator simply compares the model's own fair-value estimate to the current price you supplied at the time of your request. It is a mechanical comparison, not a recommendation to buy, sell, or hold, and not a statement about what the market price will do. The indicator is visually identical for every user who submits the same ticker and the same price — it reflects the methodology and your inputs, nothing about you. It is shown as "Below Model Value," "At Model Value," or "Above Model Value."

A security trading below the model's fair-value estimate may still decline; one trading above it may still rise. The indicator describes a relationship between two numbers, nothing more.

7. Candid limitations — data, assumptions, and methodology

We would rather be straightforward about the limits of the analysis than overstate it. You should understand the following before relying on any output:

Data may be inaccurate, delayed, or incomplete. Our market and fundamental data come from third-party and public sources, which can contain errors or gaps.
Benchmark data may occasionally be stale. The market-benchmark series that underlies certain statistics can, in some circumstances, be a few days out of date, which can affect calculations such as beta, alpha, and the Sharpe ratio.
Certain macroeconomic assumptions are fixed and will drift. Inputs such as the equity risk premium and the risk-free rate are fixed values carried with a version date (the current set is dated January 2026) and will become less current as market conditions change until they are updated. We review and update these assumptions at least annually, and the version date shown reflects the assumption set in effect.
The percentage difference between your price and the fair-value estimate depends on the price you provide. It is calculated relative to the current price supplied at the time of the request, which may differ from the live market price.
All fundamentals are backward-looking. The model is built primarily on historical financial data and excludes analyst consensus estimates and forward company guidance.
The methodology has known limitations and edge cases. No valuation model captures every company or situation; results for unusual, distressed, early-stage, or rapidly changing companies may be less meaningful, and the Service discloses certain such limitations in-product where it can.

8. No warranties

The Service and its outputs are provided "AS IS" and "AS AVAILABLE," with no warranty of any kind — express or implied — including any warranty of accuracy, completeness, timeliness, reliability, or fitness for a particular purpose, to the fullest extent permitted by law.

9. Your responsibility

All investment decisions are your sole responsibility. You are responsible for evaluating the merits and risks of any investment, and you should consult your own licensed financial, tax, and legal advisers before acting on anything you see in the Service. Do not treat any output as a substitute for professional advice that accounts for your individual circumstances.

10. No guarantee of results

Past methodology output is not indicative of future results. Investing in securities involves risk, including the possible loss of principal. We do not guarantee any particular outcome, return, or performance, and no historical or hypothetical result should be taken as a promise of future performance.

11. Limitation of liability

To the fullest extent permitted by law, Bishop Capital Intelligence is not liable for any investment losses, lost profits, or any indirect, incidental, special, consequential, or punitive damages arising from your use of, or reliance on, the Service or its outputs. This limitation is subject to, and coordinated with, the limitation-of-liability provisions of our Terms of Service, under which our total aggregate liability is capped at the amount you paid us in the trailing twelve months (or $50 for Free-tier users).

12. International use (US-primary; not offered to EU/EEA or UK residents)

The Service is operated from the United States and this Disclaimer is drafted under US law. The Service is intended for users in the United States. We make no representation that the Service or its content is appropriate or available for use in any particular jurisdiction. If you access the Service from outside the United States, you do so on your own initiative and are solely responsible for compliance with the laws of your own jurisdiction.

The Service is not currently offered to residents of the EU/EEA or the United Kingdom, and users confirm at signup that they are not EU/EEA or UK residents. We intend to offer the Service in those markets in a later phase, following localized legal review.

Non-US regulatory note. Financial-promotion and investment-recommendation rules in jurisdictions outside the United States — including, for example, the UK Financial Services and Markets Act (FSMA) financial-promotion regime and the EU Market Abuse Regulation (MAR) rules on investment recommendations — have not been assessed in this version of the Service. These and other non-US requirements are pending review by specialized local counsel before those markets are actively targeted.

13. Contact

Questions about this Disclaimer:

Bishop Capital Intelligence Inc. 8 The Green, Suite B Dover, Delaware 19901, USA support@bishopcapitalintelligence.com