Disclosures

Disclaimer

Birch Hill Labs Inc. ("Birch Hill," "we," "us," or "our") provides vault management and risk curation services that do not constitute investment advice, tax advice, legal counsel, or technological recommendations. Our vault operations are non-custodial products, and digital assets are never guaranteed by Birch Hill or any affiliated entity.

Regulatory Status and Fiduciary Duties

Birch Hill acts as the vault curator and does not operate as a registered investment adviser under the Investment Advisers Act of 1940. Our fiduciary obligations extend solely to institutional clients with whom we maintain formal advisory agreements. Vault participants who access our services through decentralized protocols or third-party platforms are not advisory clients and do not receive fiduciary protection.

Risk Acknowledgment and User Responsibility

Vault participants deploy digital assets at their sole risk with full understanding that: (i) assets may experience partial or complete loss of market value; (ii) positions may be liquidated based on protocol parameters beyond user control; and (iii) risk mitigation requires active withdrawal during applicable timelock periods, which may require twenty-four (24) hours advance notice.

Performance and Fee Disclaimers

Performance fees paid to Birch Hill through vault operations cannot be reclaimed following distribution. While we employ sophisticated risk modeling and institutional-grade analysis to optimize vault performance, we provide no guarantee regarding accuracy, reliability, or future performance of our strategies. Historical performance does not predict future results, and no analysis provides assurance against loss.

Contractual Relationships and Conflicts of Interest

Our primary contractual obligations exist with underlying protocol operators and institutional advisory clients. We maintain no direct contractual relationship with individual vault participants accessing our services through decentralized infrastructure. Participants' rights and remedies are governed by the applicable protocol's terms of service.

As an institutional asset manager, our interests may conflict with those of vault participants. We do not guarantee priority to participant interests over our business objectives, institutional client relationships, or regulatory obligations.

Legal and Custody Responsibilities

Vault participants bear full responsibility for lawful possession, custody, and security of digital assets when utilizing our vault services. Participants must ensure compliance with applicable securities laws, tax obligations, and anti-money laundering requirements in their respective jurisdictions.

Investment Adviser Disclosure

This disclaimer does not constitute our Form ADV or other required investment adviser disclosures. Institutional clients should review all applicable regulatory filings and advisory agreements before engaging our services.

Vault participation involves substantial risk. Participants should conduct independent analysis and consult qualified professionals before deployment.