Terms of Service

These Terms of Service ("Terms") govern your use of the Walter Grades platform at waltergrades.com and app.waltergrades.com (the "Service"), operated by Walter Grades, Inc. ("Walter," "we," "us"). By creating an account or using the Service, you accept these Terms and our Privacy Policy. You must be at least 18 years old and located in the United States. Maintain one account, keep your credentials secure, and provide accurate information.

The Service provides analytics about investment newsletters — ratings, scores, track records, and tracking tools — and, at paid tiers, personal tracking of newsletters you receive and a marketplace for purchasing newsletter subscriptions. Tiers: Free (sign up, connect your newsletters, and see your track record); Intelligence; and Discovery, which includes Intelligence. The Lifetime Pass is described in Section 6. Entitlements by tier are described in the Service and may evolve. The Discovery marketplace catalog changes over time, and a publisher's departure from the marketplace is not a refund event. Letter grades may display in a "Compiling" state while Walter builds its dataset. The Service may include beta features, provided as-is; beta features may change or end at any time.

You may connect newsletters you receive by forwarding them to your Walter address or by linking a mailbox. Walter processes only email from identified newsletter senders on an allowlist — personal mail is never read, fetched, or stored. By connecting, you direct Walter to use your newsletter email in exactly three ways: (a) to provide your personal features — your reading pane, position tracking, alerts, and summaries of your own issues; (b) to extract structured, de-identified facts (such as ticker, direction, price condition, timestamps, and outcomes) that feed Walter's public rating engine — these facts are decoupled from your identity at extraction and cannot be traced to you; and (c) never as a source for displaying newsletter content to anyone else. You represent that you lawfully receive the newsletters you connect and that you are authorized to connect your own mailbox. You may revoke access at any time in settings. If you delete your account, your personal archive and identity-linked data are deleted; de-identified facts already in the rating ledger persist because they carry no link to you.

Discovery members may purchase subscriptions to participating newsletters. Walter sells and bills these subscriptions as merchant of record, at the publisher's own public price and on the publisher's own material terms. Your subscription is delivered by email through Walter and rendered in the Service; the publisher of a newsletter you purchase receives your subscription information as described in the Privacy Policy. You consent to automatic renewal at the time of purchase; Walter sends a renewal reminder between 15 and 45 days before each renewal; and you may cancel at any time online in a single step, effective at the end of the current period. Renewals bill at the publisher's then-current public price, which your renewal reminder will show. Refunds on marketplace subscriptions follow the publisher's own published refund policy, subject to applicable law. Your marketplace subscription is independent of your platform tier: email delivery continues even if your Discovery tier lapses, while in-app reading requires an active tier.

Platform tiers bill annually. The price and terms presented at checkout govern your purchase. ALL SALES ARE FINAL: purchases of Walter platform tiers and the Lifetime Pass are non-refundable except where a refund is required by applicable law. When you upgrade to a higher tier, the upgrade takes effect immediately, you are charged the new tier's annual price, and your subscription term restarts — one full year from the upgrade date; any credit for unused time on your prior tier is shown at checkout before you confirm. Prices may change prospectively with at least 30 days' notice before your next renewal. You are responsible for applicable taxes, which Walter collects where required.

The Lifetime Pass is a one-time purchase granting the Discovery and Intelligence feature set, as it exists and evolves, for the life of the Service. It is a Walter platform product: it does not include any newsletter subscription, marketplace purchases are separate, and it excludes separately priced future products. It is non-transferable and limited to one account. If Walter discontinues the Discovery tier, Pass holders will be migrated at no charge to the most comparable then-current tier for the life of the Service. If Walter discontinues the Service entirely, each Pass holder will receive a credit or refund equal to the unamortized portion of the purchase price, amortized on a straight-line basis over forty-eight (48) months from the date of purchase.

Walter grants you a personal, non-commercial, non-transferable license to access the Service and the content available to your tier. You may not redistribute, publish, scrape, bulk-export, or provide automated access to newsletter content or Walter data; share accounts; circumvent access controls; or use the Service to build a competing dataset or service. Rendered content may carry account-identifying watermarks. Walter may suspend or terminate accounts that violate these Terms.

Walter is an analytics and data provider — not an investment adviser, broker-dealer, or fiduciary. Grades, scores, track records, and all derived analytics are outputs of a fixed methodology and statements of opinion about newsletters; they are not recommendations of any security and not advice to subscribe to, follow, or trade on any newsletter. All tracking is hypothetical, mark-to-market measurement; results do not reflect actual trading, fees, or taxes, and past performance is not indicative of future results. Alerts that relay a newsletter's statements are the publisher's statements, not Walter's recommendations. Data may contain errors; Walter maintains a published corrections process. You agree not to rely on the Service as investment advice.

Walter and its licensors own the Service, the methodology, and all derived analytics. Newsletter content belongs to its publishers. You grant Walter a perpetual, royalty-free license to use feedback you provide, without obligation. The WALTER GRADES name, badge, and marks may not be used without permission except for accurate, nominative references.

You may close your account at any time in settings. Walter may suspend or terminate your access for breach of these Terms, unlawful use, or risk to the Service or other users, with notice where practicable. Sections 3 (final sentence), 5, and 8 through 13 survive termination.

THE SERVICE IS PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED. TO THE MAXIMUM EXTENT PERMITTED BY LAW, WALTER SHALL NOT BE LIABLE FOR INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, OR FOR TRADING OR INVESTMENT LOSSES OF ANY KIND, AND WALTER'S AGGREGATE LIABILITY ARISING OUT OF OR RELATING TO THE SERVICE SHALL NOT EXCEED THE AMOUNTS YOU PAID TO WALTER IN THE TWELVE (12) MONTHS PRECEDING THE CLAIM. SOME JURISDICTIONS DO NOT ALLOW CERTAIN LIMITATIONS; THESE APPLY TO THE FULLEST EXTENT PERMITTED.

12.1 Informal resolution first. Before filing any claim, you and Walter agree to try to resolve the dispute informally: send a written notice describing the dispute to support@waltergrades.com (Attn: Legal) or, for Walter, to your account email, and confer in good faith for sixty (60) days. Claims may be filed only after that period.

12.2 Binding individual arbitration. Except as stated in Section 12.3, any dispute arising out of or relating to these Terms or the Service shall be resolved by binding arbitration on an individual basis, administered by the American Arbitration Association under its Consumer Arbitration Rules, before a single arbitrator. The Federal Arbitration Act governs this Section. The arbitration will be conducted by videoconference or, at your election, in the county where you reside; fees are allocated per the AAA Consumer Arbitration Rules. Judgment on the award may be entered in any court of competent jurisdiction.

12.3 Carve-outs. Either party may bring an individual claim in small-claims court, and either party may seek injunctive relief in court for infringement or misuse of intellectual property or for unauthorized access to the Service.

12.4 Class waiver. YOU AND WALTER EACH WAIVE THE RIGHT TO A JURY TRIAL AND THE RIGHT TO PARTICIPATE IN A CLASS ACTION, CLASS ARBITRATION, OR REPRESENTATIVE PROCEEDING. Claims may not be consolidated with another person's claims. If this class waiver is found unenforceable as to a particular claim, that claim (and only that claim) shall proceed in court, and the remainder of this Section remains in effect.

12.5 Coordinated filings. If twenty-five (25) or more demands presenting similar issues are filed by or with the assistance of the same or coordinated counsel, the parties shall proceed in staged batches: each side selects up to ten (10) demands to proceed first; the remaining demands are tolled and shall not be filed until the batch concludes. Counsel for the parties shall meet and confer in good faith after each batch. If the administrator declines to administer this protocol, the affected demands may proceed in court on an individual basis.

12.6 Your right to opt out. You may opt out of this arbitration agreement within thirty (30) days of first accepting these Terms by emailing support@waltergrades.com with the subject line "Arbitration Opt-Out" from your account email, including your name and account email. Opting out does not affect any other provision of these Terms.

12.7 Governing law. These Terms are governed by the laws of the State of Delaware, without regard to conflict-of-laws rules, except that the Federal Arbitration Act governs Section 12. For any claim not subject to arbitration, the state and federal courts sitting in Wilmington, Delaware have exclusive jurisdiction.

Walter may modify these Terms with notice; material changes take effect at your next renewal or thirty (30) days after notice, whichever is later, and your continued use constitutes acceptance. Copyright complaints may be sent to Walter's registered agent identified at waltergrades.com/legal; repeat infringers are terminated. You must comply with U.S. export-control and sanctions laws. Neither party is liable for delays caused by events beyond its reasonable control. We may send you service and transactional messages about your account; marketing emails include an unsubscribe link. If any provision is unenforceable, the remainder stays in effect. These Terms and the Privacy Policy are the entire agreement between you and Walter regarding the Service. California residents: complaints may be directed to the Complaint Assistance Unit of the Division of Consumer Services of the California Department of Consumer Affairs, 1625 North Market Blvd., Suite N 112, Sacramento, CA 95834, or (800) 952-5210.

Contact: support@waltergrades.com · Walter Grades, Inc., 43996 Woodward Ave, Ste 5 #2240, Bloomfield Twp, MI 48302.