Terms of Service

The information provided by Muni Data Network LLC ("Company", "we", "us") is for informational purposes only and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. You should not treat any of the information as advice for making investment decisions. The information on our platform may contain inaccuracies, omissions, or be outdated. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information contained herein. Any reliance you place on information obtained from Muni Data Network is strictly at your own risk. Investment decisions should only be made after consultation with qualified financial professionals and thorough independent research. Past performance data does not guarantee future results. Municipal bond markets involve risks including but not limited to credit risk, interest rate risk, and market volatility.

Municipal bond data is aggregated from multiple public and private sources including but not limited to official statements, SEC filings, EMMA disclosures, and third-party data providers. While we strive for accuracy, we cannot guarantee the completeness or accuracy of all data presented. League table rankings and underwriter information are calculated using proprietary algorithms and may differ from rankings published by other organizations. Data may be subject to revisions, corrections, or updates without notice. Company disclaims all liability for any errors, omissions, or inaccuracies in the data, and shall not be liable for any losses or damages arising from your use of or reliance on such information.

Muni Data Network provides access to municipal bond market data, league table rankings, and analytical tools for finance professionals. Our service includes: • Comprehensive municipal bond deal database • League table rankings and analytics • Search and filtering capabilities • Data export features (premium tier) • Market insights and trends Features and functionality may vary based on your subscription tier. We reserve the right to modify, suspend, or discontinue any aspect of the service at any time.

You are responsible for maintaining the confidentiality of your account credentials and for all activities that occur under your account. You agree to: • Provide accurate and complete registration information • Maintain and promptly update your account information • Notify us immediately of any unauthorized access • Use the service only for lawful purposes • Not share your account with others We reserve the right to suspend or terminate accounts that violate these terms or engage in fraudulent or abusive behavior.

By using our platform, you become part of the Muni Data Network community of finance professionals. To maintain the quality and integrity of our service, we implement various features to enhance the user experience and demonstrate the platform's value to all stakeholders. As part of our commitment to transparency and building trust within the municipal finance community, we may showcase aggregated platform metrics and community engagement. This includes displaying general information about our user base to demonstrate the platform's adoption and credibility within the industry. Such displays help establish confidence in our data and services while fostering a sense of professional community among users. We respect your professional identity and handle all user information in accordance with our Privacy Policy. Any representation of our user community is done thoughtfully and professionally, consistent with industry standards and expectations for business platforms serving the financial sector. Your continued use of the platform constitutes acknowledgment of these community practices and your participation in the Muni Data Network professional ecosystem.

To continuously improve our services and provide valuable insights to the municipal finance industry, we analyze aggregated platform usage patterns and trends. This analysis helps us: • Enhance platform features and functionality • Develop industry insights and research • Improve data quality and coverage • Optimize user experience We may publish aggregated, anonymized insights derived from platform usage, such as market trends, search patterns, and industry interest metrics. These insights contribute to the broader understanding of municipal finance markets and help all participants make more informed decisions. Individual user actions and specific company data are kept confidential and are not shared without explicit consent, except as required by law or as necessary for platform operations.

Premium subscriptions are billed monthly or annually as selected during signup. By subscribing, you authorize us to charge your payment method on a recurring basis. • Subscriptions automatically renew unless cancelled • You may cancel at any time through your account settings • No refunds for partial months or unused time • Price changes will be communicated 30 days in advance • Failed payments may result in service suspension Free tier access may be limited or modified at our discretion.

All content, features, and functionality of the Muni Data Network platform are owned by Muni Data Network LLC and are protected by international copyright, trademark, and other intellectual property laws. You may not: • Copy, modify, or distribute our content without permission • Use our trademarks or logos without authorization • Reverse engineer or attempt to extract source code • Create derivative works based on our platform • Scrape or harvest data through automated means You retain ownership of any content you submit but grant us a license to use it for platform operations.

TO THE MAXIMUM EXTENT PERMITTED BY LAW, Muni Data Network LLC SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING WITHOUT LIMITATION, LOSS OF PROFITS, DATA, USE, GOODWILL, OR OTHER INTANGIBLE LOSSES, RESULTING FROM: • Your use or inability to use the service • Any unauthorized access to or use of our servers • Any interruption or cessation of transmission • Any bugs, viruses, or similar issues • Any errors or omissions in any content • Any investment or business decisions based on our data IN NO EVENT SHALL OUR TOTAL LIABILITY EXCEED THE AMOUNT PAID BY YOU TO US IN THE TWELVE MONTHS PRECEDING THE CLAIM. SOME JURISDICTIONS DO NOT ALLOW LIMITATION OF LIABILITY, SO THESE LIMITATIONS MAY NOT APPLY TO YOU.

You agree to defend, indemnify, and hold harmless Muni Data Network LLC, its officers, directors, employees, and agents, from and against any claims, damages, obligations, losses, liabilities, costs, or debt, and expenses (including attorneys' fees) arising from: • Your violation of these Terms of Service • Your violation of any third-party rights • Your use of the platform • Any investment or business decisions based on our data

We may terminate or suspend your account immediately, without prior notice or liability, for any reason, including: • Breach of these Terms of Service • Fraudulent or illegal activity • Providing false registration information • Extended period of inactivity • Request by law enforcement Upon termination, your right to use the service will cease immediately. All provisions of these Terms which should reasonably survive termination shall survive.

We reserve the right to modify these Terms of Service at any time. We will provide notice of material changes through the platform or via email. Your continued use of the service after such modifications constitutes acceptance of the updated terms. If you disagree with any changes, you may close your account. The current version of these terms will always be available on our platform.

These Terms of Service shall be governed by and construed in accordance with the laws of the State of Delaware, United States, without regard to its conflict of law provisions. Any legal action or proceeding relating to these terms or your use of the platform shall be brought exclusively in the state or federal courts located in Delaware, and you consent to the personal jurisdiction of such courts. If any provision of these terms is held to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.

For questions about these Terms of Service, please contact us at: Muni Data Network LLC Email: legal@munidata.ai Website: https://munidata.ai For support inquiries: support@munidata.ai For privacy concerns: privacy@munidata.ai