1. Who we are and how to contact us

1.1 quantumlightcapital.com, the Quantum Light Founder Portal and docs.quantumlightcapital.com are operated by Quantum Light Management Ltd (we, us, our). We are registered in England and Wales under company number 13878761 and our registered office and main trading address is 5th Floor, North Side 7/10 Chandos Street, Cavendish Square, London W1G 9DQ.

1.2 We are an appointed representative of Langham Hall Fund Management LLP, which is authorised and regulated by the Financial Conduct Authority.

1.3 To contact us about this policy, please email info@quantumlightcapital.com. To report a security problem or a compromised account, please email security@quantumlightcapital.com. For questions about personal data, please email dpo@quantumlightcapital.com.

2. This policy applies whenever you use our site or the Portal

2.1 This policy sets out the standards that apply when you use, or submit any material to:

• (a) our website at quantumlightcapital.com (our site);
• (b) the Quantum Light Founder Portal, including both the playbook pages that may be read without signing in and the areas that require you to sign in (the Portal);
• (c) our playbooks site at docs.quantumlightcapital.com; and
• (d) any page hosted for us on a third-party platform that forms part of our site or the Portal.

2.2 This policy forms part of our Website and Founder Portal Terms of Service at https://quantumlightcapital.com/terms-of-service. It applies whether or not you have an account with us. If you have a Portal account, you accepted this policy when you accepted those terms at first sign-in.

2.3 If you do not accept this policy, you must not use our site or the Portal.

2.4 In this policy, playbooks means the playbook and other operational material we make available on our site, through the Portal and on docs.quantumlightcapital.com; and fund material means any material about an investment in, or alongside, a fund managed or advised by us that we make available through an access-controlled area.

3. We may change this policy

3.1 We amend this policy from time to time. Please check it each time you use our site, so that you understand the standards that apply at that time. This policy was first published on 11 September 2026 (version 1.0).

3.2 Where you have a Portal account and we make a material change to this policy, we will notify you by email at least 14 days before the change takes effect.

4. Prohibited uses

4.1 You may use our site and the Portal only for lawful purposes. You may not use them:

• (a) in any way that breaches any applicable local, national or international law or regulation;
• (b) in any way that is unlawful or fraudulent, or has any unlawful or fraudulent purpose or effect;
• (c) for the purpose of harming or attempting to harm any person in any way;
• (d) to send, knowingly receive, upload, download, use or re-use any material that does not comply with the content standards in clause 9;
• (e) to transmit, or procure the sending of, any unsolicited or unauthorised advertising or promotional material or any similar solicitation; or
• (f) to transmit any data, or send or upload any material, that contains viruses, Trojan horses, worms, time-bombs, keystroke loggers, spyware, adware or any other harmful program or similar computer code designed to affect adversely the operation of any computer software or hardware.

4.2 You also agree:

• (a) not to reproduce, duplicate, copy, resell or otherwise commercially exploit any part of our site, the Portal or the playbooks, except as clause 7 permits; and
• (b) not to access without authority, interfere with, damage or disrupt any part of our site or the Portal, any equipment or network on which either is stored, any software used in providing either of them, or any equipment, network or software owned or used by any third party.

4.3 A breach of clause 4.1(f) or clause 4.2(b) is likely to be a criminal offence under the Computer Misuse Act 1990. We will report any such breach to the relevant law enforcement authorities and we will co-operate with those authorities by disclosing your identity to them.

5. No text or data mining, scraping or AI training

5.1 You may not conduct, facilitate, authorise or permit any text or data mining or web scraping in relation to our site, the Portal, the playbooks or any service provided through them, for any purpose, including the development, training, fine-tuning or validation of any artificial intelligence system or model. This includes using, or permitting, authorising or attempting to use:

• (a) any robot, bot, spider, scraper or other automated device, program, tool, algorithm, code, process or methodology to access, obtain, copy, monitor or republish any part of our site or the Portal, or any data, content, information or service accessed through them; and
• (b) any automated analytical technique aimed at analysing text and data in digital form in order to generate information, including patterns, trends and correlations, or in order to develop, train, fine-tune or validate any artificial intelligence system or model.

5.2 We do not consent to the use of our site, the Portal, the playbooks or any data published on or accessible through them for the purpose of developing, training, fine-tuning or validating any artificial intelligence system or model.

5.3 This clause 5 is an express reservation of our rights for the purposes of Article 4(3) of Directive (EU) 2019/790 and of any equivalent provision in any other jurisdiction.

5.4 This clause 5 applies to material we publish openly and which may be read without an account. Publishing material openly is not a licence to copy it, republish it, mine it or use it to train a model.

5.5 This clause 5 does not apply to the extent that, and only to the extent that, we are unable to exclude or restrict text or data mining or web scraping by contract under the laws applicable to us.

6. Your account and your credentials

6.1 Where you are given access to the Portal, that access is personal to you. You may not share your username, password, one-time code, passkey or any other credential with any other person, and you may not permit any other person to use your access, including a colleague at your own company. If someone else at your company needs access, please ask us and we will consider provisioning them.

6.2 You must treat your credentials as confidential.

6.3 You must not:

• (a) access or attempt to access any account other than your own;
• (b) circumvent, disable or attempt to defeat any authentication, access control or rate limit; or
• (c) use any automated means to sign in, or to maintain a session.

6.4 If you know or suspect that anyone other than you knows your credentials, or that your account has been accessed by anyone else, you must notify us immediately at security@quantumlightcapital.com.

6.5 You may not obtain, or attempt to obtain, personal data about any other user of our site or the Portal.

7. The playbooks and Portal materials are confidential

7.1 The playbooks and the other materials we make available through the Portal are confidential to us. They are made available to you for the purposes of your own company only.

7.2 You may share them within your own company with people who need them for that purpose, on the same terms as those on which you received them, and you must make those people aware of this policy.

7.3 You may not:

• (a) disclose them or make them available to any other person, including any investor, adviser, portfolio company of another investor, or any competitor of ours;
• (b) publish, republish or post them, in whole or in part, including on any social or professional network, newsletter, podcast or blog;
• (c) use them for the benefit of any person other than your own company, or for any commercial purpose beyond running your own company; or
• (d) use them to build, market or operate any product or service that competes with our site, the Portal or the playbooks.

7.4 Your obligations under this clause 7 continue after your access to the Portal ends.

7.5 Nothing in this clause 7 prevents you from disclosing anything that you are required to disclose by law, by a regulator or by order of a court, or anything that has entered the public domain other than through a breach of an obligation of confidence.

8. Fund material and access gates

8.1 Where we make fund material available through an access-controlled area, access depends on answers you give us about where you are, whether you are a US person, and how you are categorised as an investor. You must answer accurately, and you must tell us if an answer stops being accurate.

8.2 You may not:

• (a) give an answer you know to be inaccurate, or withhold information, in order to obtain access;
• (b) use a virtual private network, a proxy, the relocation of a device or any other means to make it appear that you are in a country other than the one you are in, in order to obtain access;
• (c) obtain access on behalf of, or for the benefit of, another person;
• (d) forward, republish, screenshot, summarise or otherwise make available any fund material to any other person; or
• (e) use any material from our site, the Portal or the playbooks to invite or induce any person to invest in any fund managed or advised by us, or in any company.

8.3 If you breach clause 8.2 we will withdraw your access to the fund material, and we may withdraw your access to the Portal.

9. Standards for anything you submit

9.1 Our site and the Portal allow you to submit material to us in a limited number of places — for example a search query, a rating or feedback. This clause applies to anything you submit.

9.2 Anything you submit must be accurate where it states facts, must be genuinely held where it states opinions, and must comply with the law of England and Wales and with the law of any country from which it is sent.

9.3 Anything you submit must not:

• (a) be defamatory of any person, or be obscene, offensive, hateful or inflammatory;
• (b) bully, insult, intimidate or humiliate any person;
• (c) promote or incite violence, or discrimination on the ground of race, sex, religion, nationality, disability, sexual orientation or age;
• (d) infringe any copyright, database right, trade mark or other right of any other person;
• (e) be likely to deceive any person, impersonate any person, or misrepresent your identity or your affiliation with any person;
• (f) breach any legal duty owed to a third party, including any duty of confidence, and including any confidential information of your own company that you are not authorised to give us;
• (g) contain personal data about any other person who has not been made aware that you are giving it to us;
• (h) promote or facilitate any unlawful activity; or
• (i) give the impression that it comes from us, where it does not.

9.4 You warrant that anything you submit complies with this clause 9, and you are liable to us for any loss or damage we suffer as a result of a breach of that warranty.

9.5 We do not publish what you submit, and no other user of our site or the Portal can see it. We may remove anything you submit that does not comply with this clause 9.

10. What we may do if you breach this policy

10.1 We determine, in our reasonable discretion, whether you have breached this policy and what action to take. We will act proportionately to the breach.

10.2 We may take any one or more of the following actions:

• (a) tell you that you have breached this policy and require you to stop;
• (b) remove or withhold anything you have submitted;
• (c) suspend your access to the Portal, or to part of it, temporarily;
• (d) withdraw your right to use our site and the Portal permanently, and close your account;
• (e) take legal proceedings against you for reimbursement of all costs on an indemnity basis, including reasonable administrative and legal costs, resulting from the breach;
• (f) take further legal action against you; and
• (g) disclose such information to law enforcement authorities as we reasonably consider necessary, or as required by law.

10.3 The actions described in clause 10.2 are not exhaustive, and we may take any other action we reasonably consider appropriate. We exclude our liability for action taken in response to a breach of this policy.

10.4 Except where we are prevented from doing so by law, or where doing so would prejudice an investigation, we will tell you if we suspend or withdraw your access and give you our reasons.

11. If you think we have got it wrong

11.1 If we remove something you have submitted, or suspend or withdraw your access, and you consider that we should not have, you may contest the decision by emailing info@quantumlightcapital.com within 20 business days.

11.2 The decision will be reviewed by someone who was not involved in making it, and we will respond within 10 business days. If the review finds in your favour, we will restore your access or the material.

11.3 This clause does not affect any right you have to bring legal proceedings.

12. Reporting misuse and security problems

12.1 If you become aware of any misuse of our site or the Portal, or of any security vulnerability in either of them, please tell us at security@quantumlightcapital.com.

12.2 You may not test the security of our site or the Portal — including by scanning, probing, penetration testing or attempting to defeat any access control — without our prior written authorisation.

13. Which country's laws apply

13.1 This policy, its subject matter and its formation, and any non-contractual disputes or claims arising out of or in connection with it, are governed by English law.

13.2 If you are a business, we both agree to the exclusive jurisdiction of the courts of England and Wales.

13.3 If you are a consumer, we both agree that the courts of England and Wales will have exclusive jurisdiction, except that if you are resident in Northern Ireland you may also bring proceedings in Northern Ireland, and if you are resident in Scotland you may also bring proceedings in Scotland.