Disclaimer

1. No Professional Advice

IPOReady and its Services:

• Do NOT constitute financial advice, investment advice, or investment recommendations
• Do NOT constitute legal advice, tax advice, or accounting advice
• Do NOT constitute securities or regulatory compliance advice
• Do NOT guarantee IPO success, timeline, valuation, or regulatory approval
• Do NOT replace professional counsel from qualified legal, financial, or accounting firms

⚠️ YOU ARE SOLELY RESPONSIBLE for obtaining independent professional advice before making any IPO-related decisions. IPOReady users include this explicitly in their own legal review and compliance processes.

2. Accuracy of Information

IPOReady does not guarantee:

• Accuracy, completeness, or timeliness of benchmarking data
• Accuracy of historical IPO timelines or statistics referenced in the platform
• Accuracy of PACE scores or predictive models
• Accuracy of third-party data sources (SEDAR+, SEDI, TSX, etc.)
• Absence of errors, omissions, or obsolete information

Benchmarking Note: IPO timelines vary significantly by company, sector, market conditions, and regulatory environment. Historical data may not predict future timelines.

3. Regulatory Compliance Responsibility

⚠️ CRITICAL: IPOReady does NOT:

• Ensure your company complies with securities laws or exchange requirements
• Guarantee that completing IPOReady checklists satisfies regulatory obligations
• Represent the views or endorsements of any securities regulator (SEC, OSC, SEDAR+, etc.)
• Substitute for professional legal counsel specializing in capital markets
• Verify accuracy or completeness of financial statements or disclosures

Each company must:

• Engage qualified securities counsel licensed in their jurisdiction
• Comply with all applicable federal, provincial, and exchange regulations
• File all required documents and undergo necessary regulatory reviews
• Verify IPOReady checklists against official regulatory requirements

4. Market Conditions & Timing

IPO success and timing depend on numerous external factors beyond any tool's control:

• Market Volatility: Stock market conditions, investor appetite, economic outlook
• Sector Dynamics: Industry trends, competitive landscape, regulatory environment
• Company Performance: Revenue, profitability, growth rate, team leadership
• Geopolitical Events: Recessions, crises, regulatory changes, trade disputes
• Regulatory Changes: New listing requirements, disclosure standards, accounting rules

IPOReady's predictive models cannot account for all such variables. Actual IPO timelines may differ significantly from estimates.

5. PACE™ Scoring Disclaimer

The PACE™ (Predictive Assessment of Capital Expedition) score:

• Is a benchmarking tool only, not a guarantee of IPO readiness
• Based on historical data and predictive models that may not apply to your company
• Uses internal factors (task completion, team readiness, cash runway) and external benchmarks
• Does NOT account for qualitative factors (founder credibility, board reputation, market moment)
• Should NOT be the sole basis for IPO timing decisions

Proper Use: PACE scores should be reviewed with securities counsel and advisors to inform (not determine) IPO readiness discussions.

6. Document & Checklist Disclaimer

IPOReady's document templates, checklists, and guidance:

• Are general-purpose examples and may not comply with your specific jurisdiction or exchange
• Must be reviewed and customized by qualified legal counsel
• Do NOT substitute for professional legal document preparation
• May be outdated as laws and exchange requirements change
• Are provided for organizational purposes only

Proper Use: All documents and checklists must be reviewed by securities lawyers and customized for your specific IPO filing jurisdiction (e.g., SEC/FINRA for US, OSC for Ontario, CSX for Canadian Sec. Exch.).

7. Third-Party Data Disclaimer

IPOReady integrates public data from SEDAR+, SEDI, TSX, and other regulatory sources. This data:

• Is provided "AS-IS" from third-party sources and may contain errors
• Is not validated or guaranteed by IPOReady
• Users should verify critical information directly from source systems
• IPOReady is not responsible for inaccuracies or delays in third-party data

8. No Guarantee of Service Continuity

While we strive for 99.9% uptime, IPOReady Services:

• May experience outages, maintenance windows, or service interruptions
• Are provided "AS IS" without guarantees of uninterrupted service
• Are not responsible for business losses due to service unavailability
• Users should maintain independent backups of critical data

9. Cybersecurity Disclaimer

IPOReady implements industry-standard security measures, but:

• No system is 100% secure against all threats
• Users are responsible for protecting their account credentials
• Users should enable multi-factor authentication (MFA)
• Sensitive financial documents should be encrypted before upload
• IPOReady is not liable for unauthorized access due to user negligence

Best Practices:

• Use strong, unique passwords
• Enable MFA on your account
• Do not share login credentials with team members (use team invite feature instead)
• Encrypt or redact sensitive information (salary data, cap table details) before upload
• Regularly review account activity and team access
• Contact security@ipoready.com if you suspect unauthorized access

10. Financial Condition & Projections Disclaimer

⚠️ CRITICAL FOR IPO FILERS: Any financial projections or condition assessments made through or based on IPOReady:

• Must be prepared or reviewed by qualified chartered accountants (CAs) or certified public accountants (CPAs)
• Must comply with applicable accounting standards (IFRS, US GAAP)
• Must be audited or reviewed by Big 4 accounting firms before IPO filing
• Are the sole responsibility of your company and its CFO/finance team
• IPOReady does not prepare, audit, or verify financial statements

False or misleading financial statements in securities filings constitute securities fraud. IPOReady users are solely responsible for the accuracy and completeness of all financial disclosures.

11. Limitation of Liability

IPOReady shall not be liable for:

• Any indirect, incidental, special, consequential, or punitive damages
• Loss of revenue, profits, data, or business opportunities
• Failure to achieve IPO, achieve IPO at expected valuation, or meet timeline
• Regulatory rejection, securities violations, or compliance failures
• Decisions made based on information from the platform
• Third-party actions or market events beyond our control

Maximum Liability: Our total liability shall not exceed fees paid by you in the 12 months preceding the claim, or $100 USD, whichever is greater.

12. Assumption of Risk

By using IPOReady, you explicitly assume all risks associated with:

• Your IPO preparation and execution
• Any decisions made based on platform information
• Regulatory compliance and securities law adherence
• Accuracy of financial and legal disclosures
• Data security and privacy
• Service availability and performance

13. Indemnification

You agree to indemnify and hold harmless IPOReady and its officers, directors, employees, and agents from any claims, damages, losses, or liabilities arising from:

• Your use of the platform
• Decisions made based on platform information
• Regulatory violations or securities violations
• Your content (financial data, documents, statements)
• Your violation of applicable laws

14. Regulatory Disclosures

IPOReady is not registered as:

• A securities dealer or broker
• An investment advisor (in any jurisdiction)
• A law firm or legal practice
• An accounting firm or tax advisor
• A financial consultant

We do not offer these services. Users must engage licensed professionals in each category.

15. Updates to Disclaimer

We may update this Disclaimer periodically. Your continued use of IPOReady constitutes acceptance of updated disclaimers. Major changes will be communicated via email or platform notice.

16. Contact & Support

This Disclaimer was last updated on May 24, 2026. By using IPOReady after this date, you accept these terms and disclaimers in their entirety.