Terms of Use

Please read these terms of us (This "Agreement" or these "Terms of Use" carefully. These terms of use are a legally binding agreement between you and Caplight Markets LLC ("Caplight").

The term "you" means you and any entity or person you may lawfully represent or advise in connection with the use of the service, and "your" has the correlated meaning.

This agreement sets forth the legally binding terms and conditions for your access and use of any Caplight service or technology, including but not limited to all domains and subdomains of Caplight’s website (the "Site"), Caplight’s alternative trading system ("ATS"), Caplight’s proprietary software, Caplight’s computers and networks that are accessible externally, other computer telephonic or wireless securities ("Application"), trading services or information system ("Trading Services") Caplight provides to you, including successor to the systems described above (ATS, Trading Services, collectively "Electronic Services"), and all of the associated services, features, content, widgets, materials, and other tools offered by Caplight or that you download from the Site or Application or from any third-party application stores authorized by Caplight (being referred to in this agreement, collectively with the Site, Electronic Services, and Application, the "Service").

Acceptance of Terms; Incorporation of related terms

The Service is offered subject to acceptance without modification of all of the terms and conditions contained in these Terms of Use, which terms also incorporate Caplight’s Privacy Policy, located here, and all other operating rules, policies, and procedures that may be published from time to time on the Site or the Application by Caplight, each of which is incorporated by reference and each of which may be updated by Caplight from time to time without notice to you. In addition, some services offered through the Service may be subject to additional terms and conditions promulgated by Caplight from time to time; your use of such services is subject to those additional terms and conditions, which are incorporated into these Terms of Use by this reference.

When or if you register on the Site or the Application, you will also be prompted to agree to a Non-Disclosure Agreement between you and Caplight. To the extent that you accept and agree to any Non-Disclosure Agreement with Caplight, that Non-Disclosure Agreement is also incorporated herein by reference.

If you do not acknowledge or agree with these Terms of Use, do not use or browse the Site, or download, install, or use the Application. If you do not acknowledge or agree with these Terms of Use, you must also immediately uninstall the Application and discontinue the use of the Services. Continued use of the Services signifies your continued acceptance of these terms and any changes to them.

Risks of Electronic Trading

Access to the Service may be limited or unavailable during system upgrades or maintenance, or for other reasons. If the Service is unavailable or delayed at any time, you agree to use alternative means to place your orders, such as calling a Caplight representative. Caplight will not be liable to you if you are unable to access your account information or request a transaction through the Services.

When you use the Service to place a trade order, you acknowledge that your order may not be reviewed by a registered representative, and you also will not have the opportunity to ask questions or otherwise interact with a Caplight representative. By placing a trade order through the Service, you voluntarily agree to assume any added risk that may result from the lack of human review of your order in exchange for the potentially greater convenience of electronic trading.

Caplight posts "Urgent Notification" on its website to alert you to various Service and market conditions issues. You agree that you will read any Urgent Notification before placing orders through the Service and will be deemed to have knowledge of any such Urgent Notification that is posted when you place an order.

Eligibility

The Service is available only to individuals who are at least 18 years old. You represent and warrant that if you are an individual, you are of legal age to form a binding contract, and that all registration information you submit is accurate and truthful. Caplight may, in its sole discretion, refuse to offer the Service to any person or entity and change its eligibility criteria at any time. This provision is void where prohibited by law and the right to access the Service is revoked in such jurisdictions.

Portions of the Service are available only to "Accredited Investors" as that term is defined by the U.S. Securities and Exchange Commission, which may be found here.

Modification of Terms of Use

Caplight reserves the right, at its sole discretion, to modify or replace any of the Terms of Use, or change, suspend, or discontinue the Site, Application, Electronic Services, or any part of the Service at any time by posting a notice on the Site or Application or by sending you an email. Caplight may also impose limits on certain features and services or restrict your access to parts or all of the Service without notice or liability. It is your responsibility to check the Terms of Use periodically for changes. Your continued use of the Site, Application, Electronic Services, or Service following the posting of any changes to the Terms of Use constitutes acceptance of those changes.

Registrastion

You may browse the Site and view Content on the Site without registering, but as a condition to using certain aspects of the Site and the Application, you are required to register with Caplight and provide Caplight with accurate, truthful, and complete registration information.

You represent and warrant that all information provided by you when registering is true, accurate, up-to-date, and complete and that you will maintain, at all times, true, accurate, up-to-date, and complete information related to your registration. If your status as, or the basis on which you qualify as, an "Accredited Investor" changes after registration, you are required to notify Caplight at contact@caplight.com as soon as practicable.

Contact

If you have any questions, please email us at legal@caplight.com.