Terms of Service for Vitr Advisory Substack

Last Updated: October 2, 2025

Welcome to the Vitr Advisory Substack (the “Publication”), operated by Vitr Advisory (“we,” “us,” or “our”). By accessing or subscribing to the Publication, you (“Subscriber” or “you”) agree to be bound by these Terms of Service (“Terms”). If you do not agree, please do not access or use the Publication.

1. Nature of Content

The Publication provides general informational and educational content related to investment research, economic analysis, valuation theory, portfolio management, and market strategies. Content is not intended to constitute, and should not be construed as, investment advice, financial advice, or a recommendation to buy, sell, hold, or participate in any securities, financial products, or investment markets. All content reflects the general research and opinions of Vitr Advisory and is not tailored to any individual’s financial situation, objectives, or risk tolerance.

2. Subscriber Responsibilities

You agree to:

• Use the Publication’s content for personal, non-commercial purposes only.

• Conduct your own due diligence and consult with qualified financial, legal, or tax professionals before making investment decisions.

• Refrain from reproducing, distributing, or modifying content without prior written consent from Vitr Advisory.

3. Intellectual Property

All content published on the Publication, including text, data, analyses, and graphics, is the property of Vitr Advisory or its licensors and is protected by copyright and other intellectual property laws. You may not reproduce, distribute, or create derivative works from the content without express permission.

4. Limitation of Liability

To the fullest extent permitted by law, Vitr Advisory, its affiliates, employees, and contributors shall not be liable for any direct, indirect, incidental, consequential, or punitive damages, or any loss of profits or data, arising from your use of or reliance on the Publication’s content. Investing involves significant risks, including the potential loss of principal, and past performance is not indicative of future results.

5. No Warranties

The Publication’s content is provided “as is” without warranties of any kind, express or implied, including as to accuracy, completeness, or suitability for any purpose. Vitr Advisory does not guarantee the accuracy or timeliness of the information provided.

6. Subscription and Access

• Free Subscriptions: Provide access to select content and newsletters.

• Premium Subscriptions (if applicable): Provide access to additional content or features, subject to payment terms outlined at subscription.

• Cancellations: You may cancel your subscription at any time via Substack’s platform. No refunds will be provided unless required by law.

7. Community Conduct

If you engage in comments or community features, you agree to maintain respectful, lawful conduct and refrain from posting defamatory, abusive, or illegal content. Vitr Advisory reserves the right to moderate or remove comments at its discretion.

8. Governing Law

These Terms shall be governed by and construed in accordance with the laws of the United States, without regard to conflict of law principles. Any disputes shall be resolved in the courts of Idaho.

9. Changes to Terms

Vitr Advisory reserves the right to modify these Terms at any time. Updates will be posted on the Publication, and continued use constitutes acceptance of the revised Terms.

10. Contact

For questions about these Terms, contact us at vitradvisory@pm.me.