Legal Disclosures, Terms of Use, Risk Notice and Offering Disclaimer

Last updated: 04 June 2026

Important notice: This page contains important legal, regulatory, risk, and website terms relating to Alter SPVs, this website, any special purpose vehicle structure referenced by Alter SPVs, and any tokenized interest, digital record, or blockchain based representation associated with an Alter SPVs structure. Please read this page carefully before using this website, reviewing any SPV information, submitting any inquiry, connecting any wallet, or participating in any transaction.

By accessing or using this website, you acknowledge that you have read, understood, and agreed to these disclosures and terms. If you do not agree, you should not use this website.

This page is not a substitute for transaction documents, independent professional advice, jurisdiction-specific legal analysis, or regulatory approval. Alter SPVs may update, withdraw, restrict, or replace any information on this website at any time.

1. Defined Terms and Interpretation

For purposes of this website, "Alter SPVs" refers to the Alter SPVs brand, website operator, relevant affiliates, administrators, managers, sponsors, or related persons involved in arranging, administering, or communicating information about dedicated special purpose vehicle structures, as applicable in context.

"SPV" means a special purpose vehicle, investment vehicle, contractual arrangement, nominee arrangement, holding company, partnership, trust, or other structure that may be used to hold an investment position or economic exposure. "Tokenized interest" means any token, digital asset, ledger entry, wallet balance, blockchain based representation, or related digital record associated with an SPV or economic exposure.

References to "investor," "participant," "token holder," "user," or "you" do not imply that any person has been accepted, approved, onboarded, allocated, verified, or granted rights unless confirmed in definitive documentation.

2. No Offer, Solicitation or Recommendation

Nothing on this website constitutes, or should be interpreted as, an offer to sell, an offer to issue, a solicitation of an offer to buy, a recommendation, an invitation, marketing of securities, investment advice, financial advice, legal advice, tax advice, accounting advice, or any other regulated activity in any jurisdiction.

Any potential offering, subscription, transfer, allocation, redemption, or other transaction involving an Alter SPVs vehicle or tokenized interest may be made only through definitive transaction documents, offering materials, subscription agreements, risk disclosures, investor eligibility confirmations, and other documentation provided by or on behalf of Alter SPVs or the relevant SPV.

No content on this website is intended to create a client, advisory, fiduciary, broker, dealer, investment adviser, placement agent, attorney-client, tax adviser, or other professional relationship.

3. Informational Website Only

This website is provided for general informational purposes only. Website content may describe Alter SPVs' business model, investment thesis, technology infrastructure, portfolio-related tokenization initiatives, or contemplated SPV structures. Such descriptions are summary in nature and may omit material information that would be relevant to any investment decision.

Website content is not complete, may not be current, and may be modified, withdrawn, replaced, or restricted at any time without notice. You should not rely on this website as the basis for any investment, legal, tax, regulatory, accounting, technical, commercial, or operational decision.

4. Offering Documents Control

If there is any inconsistency between this website and any applicable private placement memorandum, offering memorandum, subscription agreement, SPV agreement, token terms, risk disclosure, investor questionnaire, side letter, transfer agreement, issuer disclosure, or other definitive document, the definitive document controls.

Any rights, restrictions, obligations, fees, transfer limitations, reporting obligations, redemption mechanics, economic entitlements, voting rights, information rights, dispute procedures, jurisdictional restrictions, and investor remedies will be governed exclusively by the applicable definitive documentation, not by this website.

5. SPV Structure Disclosure

Alter SPVs may structure investment exposure through dedicated special purpose vehicles. Each SPV may hold a single investment in a single private company, or may otherwise be structured as described in the relevant documentation. Each SPV is expected to operate separately from other vehicles, with separate assets, risks, liabilities, economics, documentation, and tokenization arrangements.

Participation in one SPV does not provide exposure to any other Alter SPVs vehicle, portfolio company, future transaction, treasury, operating company, affiliate, or platform asset unless expressly stated in the applicable documentation.

SPV interests may be issued through corporate, partnership, trust, contractual, nominee, custodial, or other legal arrangements depending on jurisdiction, investor eligibility, tax considerations, regulatory requirements, and operational constraints.

6. Tokenized Interest Disclosure

Any token, digital asset, ledger entry, wallet balance, or blockchain based representation referenced by Alter SPVs is intended to represent only the rights, interests, or economic exposure described in the applicable documentation. A tokenized instrument may represent an interest in, or economic exposure to, a dedicated SPV and not direct ownership of the underlying portfolio company.

Unless expressly stated in the relevant definitive documents, a tokenized interest does not represent direct shares, membership interests, voting securities, board rights, information rights, shareholder rights, creditor rights, intellectual property rights, employment rights, customer rights, or contractual rights against the underlying operating company.

Possession of a token, wallet record, trustline, issuer balance, transaction history, screenshot, explorer page, or other technical evidence does not by itself establish beneficial ownership, investor eligibility, transfer validity, economic entitlement, compliance status, or enforceable rights. Alter SPVs may require separate off-chain records, investor verification, transfer approval, documentation, and compliance review.

7. Regulatory Treatment of Digital Assets

The legal and regulatory treatment of digital assets, tokenized interests, private market instruments, wallet activity, and blockchain based settlement may vary materially across jurisdictions and may change without notice. A tokenized interest may be treated as a security, investment contract, financial instrument, virtual asset, digital asset, property right, contractual right, or other regulated or unregulated instrument depending on facts, structure, documentation, jurisdiction, and regulatory interpretation.

Alter SPVs does not represent that any tokenized interest is outside securities, financial services, virtual asset, commodities, payments, money transmission, collective investment scheme, fund, tax, exchange control, or other regulatory frameworks in any jurisdiction.

8. Not a Public Market or Exchange

Alter SPVs does not represent that any SPV interest or tokenized instrument will be listed, traded, quoted, accepted, or made transferable on any exchange, alternative trading system, secondary market, broker platform, decentralized exchange, liquidity venue, market maker, wallet, custody platform, or other venue.

There may be no market for any SPV interest or tokenized instrument. Transfers may be prohibited, delayed, rejected, restricted, subject to lock-up, subject to legal opinion, subject to KYC/AML checks, subject to sanctions screening, subject to issuer or administrator approval, or unavailable entirely.

9. Investor Eligibility and Jurisdictional Restrictions

Access to any SPV, tokenized interest, document room, subscription process, transfer process, or investor communication may be limited to persons who satisfy applicable legal, regulatory, tax, accreditation, sophistication, residency, suitability, sanctions, anti-money laundering, and onboarding requirements.

Offerings may not be available in all jurisdictions and may be unavailable where prohibited by law, regulation, internal policy, sanctions, platform limitations, or administrator determination. You are solely responsible for determining whether accessing this website, receiving information, participating in an SPV, holding a tokenized interest, or transferring any instrument is lawful in your jurisdiction.

Alter SPVs may refuse, suspend, restrict, cancel, rescind, or unwind access, onboarding, subscription, allocation, transfer, wallet association, or participation where Alter SPVs determines, in its sole discretion or as required by law, that legal, compliance, regulatory, sanctions, eligibility, documentation, tax, reputational, operational, or administrative concerns exist.

10. User Representations and Acknowledgements

By using this website, submitting information, requesting access, connecting a wallet, or reviewing any SPV-related content, you represent that all information you provide is accurate, complete, not misleading, and may be relied upon for preliminary review. You further acknowledge that you are acting for yourself or with authority for the entity you represent.

You agree not to access restricted materials, submit false information, misrepresent residency or eligibility, bypass compliance controls, use a prohibited wallet, act on behalf of sanctioned persons, or rely on this website instead of definitive documentation and independent professional advice.

11. Private Market and Startup Investment Risk

Private company and startup investments are speculative and involve substantial risk. Investors may lose all or substantially all invested capital. Portfolio companies may fail, underperform, require additional financing, experience dilution, lose key personnel, fail to commercialize technology, face competition, encounter regulatory constraints, suffer cybersecurity incidents, or be unable to complete an exit.

Private market investments are typically illiquid, difficult to value, dependent on limited information, subject to long holding periods, and unsuitable for investors who require liquidity, predictable income, capital preservation, or short-term exit rights.

Past performance, case studies, sector theses, comparable companies, valuation references, projected milestones, pipeline descriptions, or market commentary do not guarantee future results.

12. Valuation, NAV and Performance Information

Any valuation, net asset value, estimated value, target allocation, implied price, token reference price, mark, comparable metric, performance update, capital deployed figure, or dashboard information is preliminary, unaudited, and subject to change unless expressly stated otherwise in definitive documents.

Valuations may be based on incomplete information, manager judgment, third-party inputs, financing rounds, internal estimates, market conditions, or other assumptions. Actual realizable value may be materially lower than any stated or implied value and may be zero.

13. Blockchain and Digital Asset Risk

Use of blockchain infrastructure involves significant technical, operational, legal, regulatory, and security risk. Risks may include network outages, congestion, forks, software defects, wallet compromise, private key loss, phishing, malicious transactions, irreversible transfers, issuer account compromise, bridge failure, oracle failure, smart contract defects, explorer inaccuracies, node or infrastructure failure, protocol changes, and third-party service interruptions.

Blockchain settlement does not eliminate legal, compliance, ownership, transfer, or documentation requirements. A blockchain transaction may be technically recorded while still being void, voidable, restricted, unauthorized, non-compliant, disputed, or ineffective under applicable documentation or law.

Digital asset regulation is developing rapidly and may change without notice. Regulatory changes may materially affect issuance, transferability, custody, reporting, taxation, liquidity, eligibility, wallet use, token functionality, or the legality of any tokenized structure.

14. Wallet, Custody and Private Key Responsibility

Users are solely responsible for maintaining the security of their wallets, devices, passwords, seed phrases, private keys, authentication credentials, and communication channels. Loss or compromise of wallet credentials may result in irreversible loss, delayed access, inability to transfer, inability to prove control, or other harm.

Unless expressly stated in definitive documentation, Alter SPVs does not act as a wallet custodian for users, does not guarantee recovery of lost keys, does not guarantee wallet compatibility, and does not guarantee that any third-party wallet or custody provider will remain available, secure, compliant, or suitable.

15. KYC, AML, Sanctions and Compliance

Alter SPVs may require know-your-customer checks, anti-money laundering screening, sanctions screening, source-of-funds verification, source-of-wealth verification, accreditation or sophistication verification, tax documentation, wallet verification, beneficial ownership information, corporate documents, and other compliance materials before allowing access to any SPV or tokenized interest.

Alter SPVs may share information with administrators, compliance vendors, legal advisers, tax advisers, auditors, custodians, banks, payment providers, blockchain infrastructure providers, regulators, law enforcement, or other service providers where necessary or appropriate for compliance, administration, risk management, or legal obligations.

16. Transfer Restrictions and Record Ownership

Any transfer of an SPV interest or tokenized instrument may be subject to restrictions under securities laws, company law, partnership law, tax law, sanctions law, anti-money laundering rules, private contractual arrangements, lock-up provisions, issuer policies, trustline controls, administrator review, and other conditions.

Alter SPVs may maintain off-chain books and records that determine ownership, eligibility, transfer status, and entitlement. Where on-chain and off-chain records conflict, the applicable definitive documents and administrator records may control to the fullest extent permitted by law.

17. No Affiliation With Underlying Portfolio Companies Unless Stated

Where Alter SPVs references an underlying operating company, such company may not issue, administer, market, distribute, manage, guarantee, approve, redeem, provide liquidity for, or otherwise operate any tokenized instrument issued or administered by Alter SPVs unless expressly stated in definitive documentation.

References to portfolio companies are for identification of underlying exposure only and should not be interpreted as endorsement, sponsorship, guarantee, public offering, partnership, agency, employment, or direct investor relationship with the operating company.

18. Third-Party Infrastructure and No Ecosystem Affiliation

Alter SPVs may reference third-party blockchains, wallets, custody providers, cloud providers, compliance vendors, analytics providers, legal providers, or other infrastructure. Such references are for informational or operational context only and do not imply ownership, endorsement, sponsorship, partnership, agency, or affiliation unless expressly stated.

Third-party services may fail, change terms, restrict access, suffer security incidents, discontinue support, or become unavailable. Alter SPVs is not responsible for third-party acts, omissions, infrastructure failures, policies, fees, downtime, or security practices.

19. Conflicts of Interest

Alter SPVs, its affiliates, principals, managers, advisers, partners, service providers, or related persons may have interests that differ from those of investors or token holders. Potential conflicts may include allocation decisions, valuation judgments, fee arrangements, related-party services, follow-on financings, co-investments, portfolio company relationships, liquidity decisions, transfer approvals, and timing of disclosures.

Any specific conflicts and related arrangements will be addressed, where applicable, in definitive offering or transaction documents.

20. Fees, Expenses and Dilution

SPV participants may bear fees, costs, expenses, reserves, taxes, legal fees, audit fees, administration fees, compliance fees, custody fees, blockchain fees, transfer fees, and other charges. Portfolio companies may raise additional capital, issue senior securities, create preferences, incur debt, restructure, merge, sell assets, or take other actions that dilute or impair SPV exposure.

All fee, expense, allocation, and dilution matters are subject to the applicable definitive documents.

21. Tax, Accounting and Reporting

SPV and tokenized interest participation may have complex tax, accounting, reporting, withholding, filing, information exchange, and cross-border consequences. Tax treatment may differ by jurisdiction and may change. Alter SPVs does not provide tax advice.

You should consult independent legal, tax, accounting, regulatory, and financial advisers before participating in any SPV, holding any tokenized instrument, transferring any instrument, or relying on any tax or reporting position.

22. Forward-Looking Statements

This website may contain forward-looking statements, including statements regarding future opportunities, market growth, technology adoption, tokenization infrastructure, liquidity infrastructure, regulatory developments, portfolio company prospects, geographic expansion, product roadmaps, or strategic plans.

Forward-looking statements are inherently uncertain and may prove inaccurate. Actual results may differ materially due to market conditions, legal developments, technical failures, operational constraints, financing availability, competition, regulatory action, portfolio company performance, macroeconomic events, or other factors.

23. No Guarantee of Returns, Liquidity or Outcomes

Alter SPVs does not guarantee capital preservation, investment returns, liquidity, listing, redemption, distributions, tax treatment, regulatory treatment, portfolio company performance, exit timing, secondary trading, token value, token functionality, or continued operation of any SPV, token, wallet integration, or infrastructure component.

24. Electronic Communications and Records

You consent to receive communications electronically, including website notices, emails, data room materials, risk disclosures, investor questionnaires, token records, wallet verification requests, transaction confirmations, and other notices. Electronic records may satisfy written notice requirements to the extent permitted by applicable law and definitive documentation.

You are responsible for maintaining current contact information and monitoring communications. Alter SPVs is not responsible for missed notices caused by incorrect contact details, spam filters, mailbox limits, wallet errors, device issues, or third-party service failures.

25. Website Access and Acceptable Use

You may not use this website for unlawful purposes, to violate sanctions or export controls, to misrepresent identity or eligibility, to scrape or misuse data, to interfere with website operations, to submit false or misleading information, to attempt unauthorized access, or to engage in activity that could harm Alter SPVs, its users, service providers, portfolio companies, or infrastructure partners.

Alter SPVs may restrict, suspend, block, or terminate website access at any time without notice.

26. Intellectual Property

All website content, branding, designs, logos, graphics, copy, layouts, software, and other materials are owned by or licensed to Alter SPVs or its licensors unless otherwise stated. You may not copy, reproduce, modify, distribute, sell, publish, reverse engineer, or create derivative works from website materials without prior written authorization, except as permitted by applicable law.

27. Privacy and Data

Information submitted through this website may be used to respond to inquiries, assess eligibility, conduct onboarding, perform compliance checks, administer SPVs, communicate with users, support legal obligations, and improve operations. For more detail, please review the Privacy Policy. Submission of information through this website does not guarantee acceptance, allocation, onboarding, response, or continued access.

28. Third-Party Links

This website may link to third-party websites or resources. Alter SPVs does not control and is not responsible for third-party content, policies, availability, accuracy, security, or practices. Accessing third-party resources is at your own risk.

29. Limitation of Liability

To the maximum extent permitted by applicable law, Alter SPVs, its affiliates, managers, members, directors, officers, employees, contractors, advisers, representatives, service providers, and agents disclaim all liability for any direct, indirect, incidental, consequential, special, punitive, exemplary, lost profit, lost opportunity, lost data, business interruption, investment loss, tax cost, regulatory cost, or other damages arising from or related to this website, any website content, any SPV, any tokenized instrument, any blockchain transaction, any third-party service, or any reliance on information provided through this website.

30. Indemnity

You agree to indemnify and hold harmless Alter SPVs and its affiliates, managers, members, directors, officers, employees, contractors, advisers, representatives, service providers, and agents from and against any claims, liabilities, losses, damages, costs, and expenses, including legal fees, arising from your use of this website, your submission of information, your breach of these terms, your violation of law, your misrepresentation of eligibility, your wallet activity, or your interaction with any SPV or tokenized instrument.

31. Severability, Waiver and Assignment

If any provision of these terms is held invalid, illegal, or unenforceable, the remaining provisions will continue in effect to the maximum extent permitted by law. A failure by Alter SPVs to enforce any provision does not constitute a waiver. Alter SPVs may assign, transfer, delegate, or subcontract rights or obligations relating to this website or any administrative function where permitted by law and applicable documentation.

32. Governing Documents, Law and Forum

Governing law, forum, dispute resolution procedures, limitation periods, and remedies for any SPV, tokenized interest, subscription, transfer, redemption, or investor relationship will be set out in the applicable definitive documentation. This website does not override those provisions.

Where no definitive documentation applies, disputes relating solely to website access or website content will be addressed in accordance with the laws, forum, and procedures determined by Alter SPVs in good faith based on the relevant facts, parties, and applicable mandatory law. Users should not rely on this website to determine jurisdictional rights.

33. Changes to This Page

Alter SPVs may update, replace, or remove these legal disclosures and terms at any time. The updated version will be effective when posted unless otherwise stated. Continued use of this website after updates constitutes acceptance of the revised terms.

34. Notices, Complaints and Contact

For legal, compliance, privacy, investor relations, or website notices, contact hello@alterspv.com. Submitting a notice or complaint does not guarantee acceptance, allocation, onboarding, transfer approval, dispute resolution, or any particular response timeline.

35. Final Risk Acknowledgement

Final reminder: Private market investing and tokenized SPV participation are high risk, illiquid, jurisdiction restricted, and may result in total loss of capital. You should obtain independent legal, tax, accounting, regulatory, technical, and financial advice before making any decision. You should not participate unless you can bear complete loss, understand the structure, satisfy all eligibility requirements, and accept the risks described in definitive documentation.