Financial Disclaimer

1. No Financial or Investment Advice

MacroCade does not provide financial, investment, legal, tax, or any other form of regulated professional advice.

All content, scenario analyses, reports, narratives, projections, and outputs made available through the MacroCade platform — whether generated by artificial intelligence or otherwise — are provided solely for informational and educational purposes. Nothing on this platform constitutes, or should be construed as, a recommendation, solicitation, or offer to buy or sell any security, financial instrument, asset, fund, or any other investment product.

Users must not interpret any content on MacroCade as guidance or encouragement to enter into any specific financial transaction or investment strategy.

2. No Registration as a Financial Intermediary

PK - Project Key Solutions S.r.l. is not registered, licensed, authorized, or regulated as an investment advisor, broker-dealer, portfolio manager, asset manager, financial planner, commodity trading advisor, or any other type of regulated financial intermediary in any jurisdiction worldwide, including Italy/EU (MiFID II), the United States (SEC/FINRA), the United Kingdom (FCA), or any other national or supranational regulatory body.

MacroCade is not subject to the regulatory obligations that apply to licensed financial advisors or investment firms. As a result, the protections afforded to clients of regulated financial intermediaries — including suitability assessments, best execution obligations, and investor compensation schemes — do not apply to your use of MacroCade.

3. AI-Generated and Speculative Nature of Content

All analyses presented on MacroCade are generated by artificial intelligence systems, including large language models. AI-generated content is inherently speculative and subject to the following limitations:

• AI models may produce outputs that are inaccurate, incomplete, outdated, or misleading.
• Analyses are based on patterns in training data and publicly available information, which may not reflect current market conditions.
• AI systems do not possess real-time market data access unless explicitly stated, and even where current data is incorporated, analyses remain interpretations rather than predictions.
• The scenarios described are hypothetical constructions intended to explore potential cause-and-effect relationships. They are not forecasts, predictions, or guarantees of any future event or market outcome.
• AI systems may reflect biases inherent in training data, methodologies, or model design.

MacroCade makes no representation or warranty, express or implied, regarding the accuracy, completeness, reliability, suitability, or timeliness of any AI-generated content.

4. Past Performance Does Not Indicate Future Results

Any reference to historical market data, past geopolitical events, economic cycles, or prior scenario analyses is for contextual and illustrative purposes only. Past performance of any market, security, sector, or investment strategy is not a reliable indicator of future results. Financial markets are inherently unpredictable and subject to a wide range of factors that no AI system or analytical platform can fully anticipate.

5. Risk of Financial Loss

Investing in financial markets involves substantial risk, including the risk of total loss of capital. The scenarios and analyses provided by MacroCade may describe situations involving significant market volatility, geopolitical disruption, or macroeconomic stress. You should be prepared to lose the entirety of any capital you invest. MacroCade accepts no liability whatsoever for any financial losses incurred as a result of reliance on content published on or generated by the MacroCade platform.

6. User Responsibility and Independent Judgment

You are solely responsible for all financial decisions you make. Before making any investment decision:

• Consult a qualified, licensed, and independent financial advisor who can assess your personal financial situation, objectives, risk tolerance, and applicable regulatory requirements.
• Conduct your own due diligence and independent research.
• Seek legal, tax, and regulatory advice as appropriate for your specific circumstances and jurisdiction.
• Consider whether any potential investment is suitable for you in light of your personal circumstances.

Do not rely solely on MacroCade content as the basis for any financial decision. MacroCade content is one of many possible inputs into a broader research and decision-making process; it should never be the sole or primary basis for a financial commitment.

7. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, PK - PROJECT KEY SOLUTIONS S.R.L. AND ITS OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, AND LICENSORS SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES ARISING FROM OR RELATED TO: YOUR USE OF OR RELIANCE ON ANY CONTENT PROVIDED THROUGH THE MacroCade PLATFORM; ANY FINANCIAL LOSS, TRADING LOSS, LOSS OF PROFITS, OR LOSS OF OPPORTUNITY ARISING FROM INVESTMENT DECISIONS MADE IN RELIANCE ON AI-GENERATED CONTENT; ANY INACCURACY, ERROR, OR OMISSION IN THE CONTENT PROVIDED.

Nothing in this disclaimer excludes or limits liability that cannot be lawfully excluded or limited under applicable mandatory law, including applicable Italian consumer protection legislation.

8. Regulatory and Jurisdictional Notice

Users accessing MacroCade from jurisdictions that impose specific restrictions on the distribution of financial information are responsible for ensuring their access complies with local law. MacroCade does not represent that the content available on the platform is appropriate or lawful for use in any jurisdiction other than Italy.

9. Forward-Looking Statements

Scenario analyses on MacroCade may contain forward-looking statements based on assumptions, hypothetical conditions, and speculative reasoning. They are not statements of historical fact and should not be relied upon as such. Actual events, market outcomes, and economic developments may differ materially from those described in any scenario analysis.

Contact

For questions regarding this Financial Disclaimer: legal@macrocade.com

This Financial Disclaimer is an integral part of the MacroCade Terms of Service. By using the MacroCade platform, you acknowledge that you have read, understood, and accepted this disclaimer in its entirety.