Terms of Use
Effective Date: September 2025
User Agreement
Welcome to the Anchorage Structured Commodities Advisor, L.P. (“Firm”, “we”, “us” or “our”) website (the “Website”). By accessing the Website, you agree to comply with this binding user agreement (this “User Agreement”) between you and the Firm, which governs your access and use of the Website and is a legally binding agreement between you and the Firm. If you do not accept the terms and conditions of this User Agreement, please do not use the Website. You should understand that your use of the Website indicates your full acceptance of this User Agreement in its then-current form each time you use the Website. The Firm reserves the right to change these terms and conditions at any time. If we change this User Agreement, we will give you notice by posting the revised User Agreement on the Website. We may also post a notice on the Website and/or inform you via e-mail. The changes will go into effect on the effective date shown in the revised User Agreement. If you do not agree with the changes in the User Agreement, your sole remedy is to discontinue the use of the Website. By continuing to use the Website after the new effective date, you agree to be bound by such changes.
The information that we provide is for your information only. Some information provided may not be current, or may have changed since the last time you viewed or downloaded it. All information is subject to change without notice. We do not in any way represent or warrant the accuracy or reliability of any of the information provided, and all information is provided subject to the disclaimers and limitations of liability set forth below.
No General Solicitation or General Advertising of Securities
The Firm’s services and the materials contained on the Website are intended only for financially sophisticated investors and is for their private use. The materials on the Website do not constitute any offer or sale or any form of general solicitation or general advertising of interests in any private investment fund or vehicle. The Firm’s private investment funds offer interests in reliance on private placement exemptions to registration under the U.S. Securities Act of 1933, as amended (or the securities laws of any states or other jurisdiction) and the funds have not been (and will not be) registered as investment companies under the U.S. Investment Company Act of 1940, as amended.
Informational Purposes Only
Nothing on the Website is an offer or solicitation to buy or sell any security, and the Firm is not soliciting any action based on the Website. Nothing on the Website is a recommendation that you purchase, sell or hold any security, or that you pursue any investment style or strategy. Nothing on the Website is intended to be, and you should not consider anything on the Website to be, advice with respect to investments, accounting, tax or applicable law. The past performance of any investment fund, investment strategy or investment style is not a guarantee of future performance.
Ownership and Proprietary Rights to Content
The Website is owned and operated by the Firm. Any claims or concerns regarding the Website should be addressed to: Anchorage Structured Commodities Advisor, L.P., 610 Broadway, 5th Floor, New York, NY 10012; or email: structured.commodities@anchoragecapital.com.
You acknowledge and agree that the Website contains information, data, software, photographs, graphics, text, images, logos, icons, typefaces, audio and video material, and/or other material protected by copyrights, trademarks, or other proprietary rights, and that these rights are valid and protected in all forms, media, and technologies existing now or hereinafter developed. The content of the Website is the property of the Firm and is protected by U.S. and international copyright laws. You may not modify, remove, delete, augment, add to, publish, transmit, participate in the transfer of, license, sell, create derivative works from, or in any way exploit any of the content, in whole or in part. You may not upload, post, reproduce, perform, or distribute in any way any content without obtaining permission of the owner of the copyright, trademark or other proprietary right.
Trademarks
Moorstone, Moorstone, L.P., and associated logos are trademarks of the Firm. They may not be used or displayed without the Firm’s prior written consent. All other trademarks, product names, and company names and logos appearing on the Website are the property of their respective owners, and may be used only with the permission of the particular owner.
Password-Protected Areas of Website
Access to certain areas of the Website is reserved for investors in the Firm’s private investment funds, vehicles, or accounts who meet certain suitability requirements and have been provided a password. If you have received a password and access to such areas, your use of that portion of the Website is also governed by the confidentiality obligations to which the Firm’s investors are subject. These confidentiality obligations are set forth in the governing documents of the fund(s) in which you are an investor.
Online Privacy
The Firm does not collect any personally identifiable information from visitors to the publicly available sections of the Website, including names, addresses, phone numbers, or social security numbers. However, the Firm may collect and store any personal information that you knowingly provide to us. We do not publish or share the non-public personal information of our investors to any third parties unless consistent with our privacy policy (e.g., if disclosure is being made in connection with the servicing of investor accounts or if required by law or regulation).
Correspondence
The Firm cannot and does not accept any obligations of confidentiality or any fiduciary duty with respect to any information sent to it through this Website or otherwise, unless it has entered into a specific written nondisclosure agreement that covers such information (an “NDA”). Absent an NDA, the Firm will treat any feedback, suggestions, or other submissions (“Feedback”) you provide as non-confidential and non-proprietary. You agree that you will not submit to the Firm any Feedback that you consider to be confidential or proprietary, and the Firm will be entitled to use your Feedback for any commercial or other purpose whatsoever without paying compensation to you.
Disclaimers
You expressly understand and agree that:
(a) Your use of the Website is at your sole risk. The Website is provided on an “as is” and “as available” basis. To the fullest extent permissible pursuant to applicable law, we expressly disclaim all warranties of any kind, whether express or implied, including, but not limited to the implied warranties of merchantability, fitness for a particular purpose, and non-infringement.
(b) We do not warrant or represent that (i) the Website will meet your requirements, (ii) the Website will be uninterrupted, timely, secure, or error-free, (iii) the results that may be obtained from the use of the Website will be accurate or reliable, (iv) the quality of any services, information or other material obtained by you through the Website will meet your expectations, (v) the server that makes the Website available is free of viruses or other harmful components; or (vi) any errors in any software or in the Website will be corrected.
(c) Any materials downloaded or otherwise obtained through the use of the Website is done at your own discretion and risk and you will be solely responsible for any loss or damage incurred, including, without limitation, damage to your computer system or loss of data that results from the download of any such material. By using this Website, you agree that you are assuming the entire cost of all necessary servicing, repair or correction to restore your system.
(d) No information, whether oral or written, that you obtain through or from the Website shall create any warranty not expressly stated in this User Agreement.
To the extent that applicable law does not allow the exclusion of implied warranties, the above exclusion may not apply to you.
Limitation of Liability
You agree that we shall not be liable for any direct, indirect, incidental, special or consequential damages, resulting from your use of, or your inability to use, the Website. This means the Firm will not be liable for damages you suffer in connection with your use of this Website, including but not limited to, damages for loss of profits, use, data, or otherwise. Because some jurisdictions do not allow the exclusion or limitation of liability for consequential or incidental damages, in such jurisdictions, liability is limited to the fullest extent permitted by law.
If you are dissatisfied with any portion of the Website or service you receive through it, or with any of portion of this User Agreement, your sole and exclusive remedy is to discontinue using the Website.
Applicable Law
This User Agreement will be governed by and construed in accordance with the laws of the State of Delaware, without regard to any principles of conflicts of law. You agree that any action at law or in equity that arises out of or relates to your use of the Website will be filed only in the state or federal courts located in New York, New York, and by using the Website you are consenting and submitting to the personal jurisdiction and venue of such courts for such actions.
International Use
The Firm makes no representation that materials on the Website are appropriate or available for use in locations outside the United States, and accessing them from territories where their contents are illegal is prohibited. Those who choose to access the Website from other locations do so at their own initiative and risk and such persons are responsible for compliance with applicable local laws (if any).
Other Third-Party Websites
The Website may contain links to websites controlled and maintained by third parties (“Other Websites”). The Firm does not have any control over the content of Other Websites, and the Firm assumes no liability or responsibility for your use of such Other Websites, including the accuracy of content on such Other Websites.
Termination
The Firm may terminate or suspend any user’s access to all or part of the Website, without notice, for any conduct that the Firm believes, in its sole discretion, violates applicable law or is harmful to the reputation of the Firm, its affiliates, counterparties, service providers, or otherwise.
Miscellaneous
If any provision of this User Agreement is held to be unenforceable or invalid for any reason, then such provision or portion thereof shall be modified or deleted in such manner as to render this User Agreement as modified so that it is legally enforceable to the maximum extent permitted under applicable laws. This User Agreement, and any rights and licenses granted hereunder, may not be transferred or assigned by you, but may be assigned by the Firm without restriction.