End User License Agreement (EULA)

This End User License Agreement (“EULA”) is a legally binding license between you (“you” or “User”) and Varish Desai, Taiki Okada, and Miguel Rosales, individuals doing business as TVM Investments (collectively, “Licensor,” “we,” “us,” or “our”). The named individuals are part owners of TVM Investments. Varish Desai is the managing owner: he directs the product and the work of the other part owners, and day-to-day decisions for the Application are made under his direction.

It governs your license to access and use the TVM Investments web application available at https://tvminvest.com and related web pages, dashboards, and research tools we operate online (the “Application”). This EULA applies to the web Application only. The Application is not distributed through the Apple App Store or Google Play Store.

By creating an account, checking an acceptance box, paying for a plan, or using the Application, you agree to this EULA, our Terms of Service, Privacy Policy, and Risk Disclaimer. If you do not agree, do not use the Application.

Document version 2026-09-07.

1. License grant

Subject to this EULA and your compliance with it, Licensor grants you a limited, revocable, non-exclusive, non-transferable, non-sublicensable license to access and use the Application for your personal, non-commercial purposes only.

This is a license to use the Application, not a sale of the Application or of any copy of our software, content, models, or data. Except for the limited rights expressly granted here, Licensor reserves all rights, title, and interest in and to the Application.

2. License restrictions

You may not, and you agree not to:

• sell, rent, lease, sublicense, distribute, transmit, host, publicly display, or otherwise commercially exploit the Application or any substantial part of it;
• copy, reproduce, or use the Application for any purpose other than your personal, non-commercial use of the research desk and related features;
• modify, adapt, translate, decrypt, reverse compile, reverse engineer, disassemble, or attempt to derive source code or underlying ideas, algorithms, or non-public interfaces from the Application, except to the limited extent applicable law expressly prohibits this restriction;
• remove, obscure, or alter proprietary notices, trademarks, or labels;
• use the Application to build a competing product or to scrape, harvest, or systematically extract our screens, scores, notes, or other content beyond ordinary interactive use;
• interfere with the Application’s security, quotas, billing, or access controls, or attempt to bypass plan limits; or
• use the Application in violation of law, our Terms of Service, or third-party rights.

3. Accounts, age, and research-only use

You must be at least 13 years old to create an account or use the Application. If you are between 13 and 17, you may use the Application only with permission of a parent or legal guardian who agrees to this EULA on your behalf where required by law.

We do not promote investing to anyone under 18. The Application is an educational research desk. Anyone who meets the age requirement may use screens, notes, watchlists, and paper/simulated trading features. Simulated or paper results are not real brokerage activity and do not guarantee live-market results. See our Risk Disclaimer and Terms of Service.

4. What the Application is (and is not)

The Application provides informational and educational market-research tools (for example, end-of-day screens, scores, movers, notes, watchlists, portfolio logging, and scenario tools). It is not a brokerage, exchange, bank, custodian, robo-adviser, or dealer. Nothing in the Application is investment, tax, or legal advice.

5. Updates and changes

We may update, modify, suspend, or discontinue the Application (or any feature) at any time, including with new features, bug fixes, security patches, plan changes, or content refreshes. We may require you to accept an updated EULA or Terms to continue using the Application. Continued use after an update becomes effective constitutes acceptance of the then-current EULA, except where applicable law requires a different process.

6. Feedback and suggestions

If you send us ideas, feedback, suggestions, or other materials about the Application (“Feedback”), you grant Licensor a perpetual, irrevocable, worldwide, royalty-free, fully paid, transferable, sublicensable license to use, copy, modify, publish, and commercialize the Feedback for any purpose, without compensation, attribution, or obligation to you. You represent that you have the right to provide that Feedback and that it does not infringe others’ rights.

7. User account information (no user-generated media)

The Application does not offer a general content-upload or social-posting feature for images, files, or public posts. Account profile details and optional feedback you submit are handled under our Privacy Policy and Terms of Service. You are responsible for the accuracy of information you provide and for keeping your credentials confidential.

8. Personal information

We may collect certain personal information from users (for example, email address and account profile data) as described in our Privacy Policy. By using the Application, you acknowledge that collection and processing.

9. Intellectual property

The Application, including its software, design, text, graphics, logos, trademarks, service marks, compilations, screens, scoring methods, research presentation, and other content (excluding third-party market data licensed to us), are the exclusive intellectual property of Licensor or its licensors and are protected by copyright, trademark, trade secret, and other laws.

“TVM,” “TVM Investments,” and related marks are trademarks of Licensor. You receive no rights in our trademarks except as needed to refer factually to the Application. Third-party names and marks belong to their owners.

10. Third-party services and data

The Application may rely on third-party hosting, authentication, payments, and market-data or news sources. Those services are subject to their own terms. We do not warrant uninterrupted or error-free third-party data.

11. Subscriptions and paid features

Some features require a paid plan. Billing, cancellation, and refunds are governed by our Terms of Service and Cancellation and refunds policy, and by Stripe’s terms where applicable. Failure to pay may result in suspension or termination of licensed access to paid features.

12. Disclaimer of warranties

TO THE MAXIMUM EXTENT PERMITTED BY LAW, THE APPLICATION IS PROVIDED “AS IS” AND “AS AVAILABLE,” WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS, IMPLIED, OR STATUTORY, INCLUDING IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NON-INFRINGEMENT. WE DO NOT WARRANT THAT THE APPLICATION WILL BE UNINTERRUPTED, SECURE, OR ERROR-FREE, OR THAT OUTPUTS, SCORES, FORECASTS, OR DATA WILL BE ACCURATE OR COMPLETE.

13. Limitation of liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, LICENSOR AND ITS SUPPLIERS WILL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES, OR FOR ANY LOSS OF PROFITS, REVENUE, DATA, GOODWILL, OR BUSINESS OPPORTUNITY, ARISING OUT OF OR RELATED TO THIS EULA OR THE APPLICATION, WHETHER BASED IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

TO THE MAXIMUM EXTENT PERMITTED BY LAW, LICENSOR’S TOTAL LIABILITY FOR ALL CLAIMS ARISING OUT OF OR RELATED TO THIS EULA OR THE APPLICATION WILL NOT EXCEED THE GREATER OF (A) THE AMOUNTS YOU PAID TO LICENSOR FOR THE APPLICATION IN THE TWELVE (12) MONTHS BEFORE THE CLAIM AROSE, OR (B) FIFTY U.S. DOLLARS (US $50).

Some jurisdictions do not allow certain limitations; in those places, our liability is limited to the fullest extent permitted by law. Market losses from your trading or investment decisions remain your responsibility as described in the Risk Disclaimer.

14. Termination

This EULA is effective until terminated. Your license ends automatically if you breach it. We may suspend or terminate access at any time for violation of this EULA or our Terms, for non-payment, for security or legal reasons, or if we discontinue the Application. On termination, you must stop using the Application. Sections that by their nature should survive (including intellectual property, Feedback, disclaimers, limitations of liability, and governing law) will survive.

15. Governing law and disputes

This EULA is governed by the laws of the State of Maryland, without regard to conflict-of-law rules. Except where our Terms of Service require arbitration or another process for Service disputes, exclusive venue for disputes arising under this EULA lies in the state or federal courts located in the State of Maryland, and you consent to personal jurisdiction there. If this EULA and the Terms conflict on the same subject, the Terms control for Service use, billing, and account issues, and this EULA controls for the software license grant and license restrictions.

16. Miscellaneous

If any provision of this EULA is held unenforceable, the remainder remains in effect. Our failure to enforce a provision is not a waiver. You may not assign this EULA without our prior written consent; we may assign it in connection with a reorganization, merger, or sale of assets. This EULA, together with the Terms, Privacy Policy, and Risk Disclaimer, is the entire agreement between you and Licensor regarding the license to the Application and supersedes prior agreements on that subject.

17. Contact

For questions about this EULA, contact us by email or through this website:

• Email: EULA questions: investmentstvm@gmail.com
• Website: https://tvminvest.com/eula