Terms of Service

Effective date: May 20, 2026 · Last updated: May 20, 2026

1. Acceptance of these Terms

These Terms of Service ("Terms") are a binding legal agreement between you ("Customer," "you," or "your") and Cordillera Ventures LLC, a Wyoming limited liability company, operator of the NodalPulse software-as-a-service product (collectively, "NodalPulse," "we," "us," or "our"). "NodalPulse" is a product and trade name of Cordillera Ventures LLC; the contracting legal entity in all cases is Cordillera Ventures LLC.

By creating an account, accessing the website at nodalpulse.com and app.nodalpulse.com (collectively the "Site"), or using any feature of the Service (as defined below), you agree to be bound by these Terms and by our Privacy Policy, which is incorporated by reference. If you do not agree, do not create an account and do not use the Service.

If you are accepting these Terms on behalf of a company, partnership, or other legal entity, you represent and warrant that you have the authority to bind that entity, and "Customer" refers to that entity.

2. The Service

NodalPulse provides a software-as-a-service application that monitors public regulatory filings and market notices from sources including (but not limited to) the Public Utility Commission of Texas ("PUCT") Interchange Filing System and the Electric Reliability Council of Texas ("ERCOT") Market Information System, and produces:

Morning Briefs. AI-assisted summaries of filings that match Customer's stated role, markets, tracked dockets, and saved searches, delivered by email and accessible in the application dashboard.
Saved Searches. Customer-defined queries that surface matching filings as they are ingested.
Q&A Chat. A conversational interface that answers Customer questions by retrieving and summarizing relevant filings (available on qualifying paid plans).
Team and API access. Multi-seat collaboration and programmatic access (available on qualifying paid plans).

We refer to all of the above, together with the Site and any related documentation, support, and updates, as the "Service."

The Service is provided as a hosted application. Customer does not receive a copy of the software and is not granted any license to install, modify, decompile, or redistribute the underlying code.

3. Eligibility and account registration

3.1 Age and capacity

The Service is intended for use by businesses and by individuals acting in a commercial or professional capacity. By creating an account, you represent and warrant that you are at least 18 years old and have the legal capacity to enter into a binding contract.

3.2 Account information

You agree to provide accurate, current, and complete information when you create an account, and to update that information as it changes. You are responsible for safeguarding your credentials (including any OAuth-linked Google or Microsoft account used for sign-in) and for all activity that occurs under your account. You agree to notify us promptly at support@nodalpulse.com if you suspect unauthorized access.

3.3 One account per person

Each individual user must have their own account. Sharing a single account among multiple individuals violates these Terms and the per-seat pricing on which the Service is offered, and may result in suspension.

4. Subscription plans, billing, and trials

4.1 Plans

The Service is offered in tiered subscription plans (currently: Starter, Pro, Team, and Org) with the features and entitlements described on nodalpulse.com/pricing. We may change the available plans, features, or pricing on notice. Existing paid subscriptions will not be repriced mid-period; price changes apply at the next renewal.

4.2 Free trial

We may offer a free trial of a paid plan for a defined trial period (currently 14 days). At the end of the trial period, the subscription will automatically convert to a paid subscription billed at the then-current rate for the plan you selected, unless you cancel before the end of the trial. We rely on this automatic conversion; please review your plan and billing cadence before the trial ends.

4.3 Payment processing

All payments are processed by Stripe, Inc. ("Stripe"). By providing payment information, you authorize us and Stripe to charge the payment method you provide for the subscription fees and any applicable taxes. We do not store full payment card numbers on our systems. Your relationship with Stripe is governed by Stripe's own terms; see our Privacy Policy for more on data sharing with Stripe.

4.4 Auto-renewal

Paid subscriptions renew automatically at the end of each billing period (monthly or annual, depending on the plan you select) until you cancel. You may cancel at any time through the Stripe Customer Portal linked from your account settings. Cancellation takes effect at the end of the current billing period.

4.5 No refunds

Except where required by applicable law, all fees are non-refundable. If you cancel, you retain access to the Service until the end of your current paid billing period, after which your account will be downgraded to whatever free or restricted access (if any) we then offer. We do not provide pro-rated refunds for partial periods of use.

4.6 Taxes

Stated fees do not include taxes. You are responsible for any sales, use, value-added, withholding, or other taxes that apply to your purchase, except for taxes on our net income.

4.7 Failed payment

If a payment fails, we may suspend or downgrade your access after reasonable notice. You remain liable for fees accrued before suspension.

5. Customer responsibilities and acceptable use

5.1 Lawful use

You agree to use the Service only for lawful purposes and in compliance with these Terms, our Privacy Policy, and all applicable laws and regulations, including export controls, sanctions, and securities laws.

5.2 Prohibited conduct

You agree not to, and not to permit any third party to:

(a) reverse engineer, decompile, disassemble, or attempt to derive the source code of the Service, except to the extent applicable law expressly prohibits this restriction;

(b) scrape, crawl, or use automated means to access the Service other than via API endpoints we publish and explicitly permit, or use the Service in a manner that imposes an unreasonable load on our infrastructure;

(c) resell, sublicense, or commercially redistribute the Service or its outputs (including Morning Briefs, Q&A responses, or filings summaries) as a stand-alone product or as the substantial component of a competing product;

(d) use the Service to build a competing product or to train a machine-learning model intended to replicate the Service's functionality;

(e) remove, obscure, or alter any proprietary notices, attribution, or "Generated by NodalPulse" marks in outputs;

(f) attempt to circumvent rate limits, entitlement gates, plan restrictions, or security features;

(g) upload, transmit, or input content that infringes intellectual property rights, contains malicious code, violates privacy or publicity rights, or is otherwise unlawful;

(h) use the Service in a manner intended to harass, defame, or impersonate any person or entity;

(i) misrepresent your affiliation with any regulator, utility, market operator, or other public body.

5.3 Regulated-market activity

NodalPulse is an information-summarization product, not a regulatory advisor, broker-dealer, investment adviser, law firm, or commodity trading advisor. You are solely responsible for your own regulatory filings, compliance obligations, trading decisions, and any actions you take or do not take in reliance on the Service. See Section 7 for important disclaimers about AI-generated content and Section 11 for liability limitations.

5.4 Suspension for violation

We may suspend your account or specific features without prior notice if we reasonably believe you have violated this Section 5, if we are required to do so by law, or if continuing service creates a security, legal, or operational risk. Where practical, we will give you notice and an opportunity to cure.

6. Intellectual property

6.1 Ownership of the Service

As between you and us, we own all right, title, and interest in and to the Service, including all software, designs, interfaces, models, prompts, and proprietary content, and all intellectual property rights therein. These Terms grant you only a limited, non-exclusive, non-transferable, revocable license to access and use the Service during your active subscription, solely for your internal business purposes.

6.2 Customer Data

"Customer Data" means any data, content, or information you submit to the Service, including your account profile, market roles, tracked dockets, saved searches, Q&A questions, and uploaded documents (if any). As between you and us, you retain all right, title, and interest in Customer Data. You grant us a worldwide, non-exclusive, royalty-free license to host, store, transmit, process, and display Customer Data solely as necessary to provide the Service to you, to perform analytics on aggregated and de-identified data, to enforce these Terms, and to comply with law. We do not sell Customer Data.

6.3 Public-source content

Filings, dockets, and other content originating from PUCT, ERCOT, or other public sources are not owned by us. We make no claim of ownership over the underlying public records and do not warrant that our access to those sources will continue uninterrupted.

6.4 Outputs

"Outputs" means Morning Briefs, Q&A responses, summaries, charts, and other AI-assisted content the Service generates for you. Subject to your compliance with these Terms and continued payment of fees, we grant you a worldwide, non-exclusive, royalty-free license to use Outputs for your internal business purposes, including reasonable internal redistribution within your organization. Section 5.2(c) restricts external commercial redistribution. Outputs are not original creative works of authorship and we make no representation that any Output qualifies for copyright or other intellectual property protection.

6.5 Feedback

If you provide us with suggestions, ideas, or feedback ("Feedback"), you grant us a perpetual, irrevocable, worldwide, royalty-free license to use the Feedback for any purpose, including improving the Service, without obligation or attribution to you.

7. AI-generated content; regulated-data indirection

This section is fundamental to your use of NodalPulse. Please read it carefully.

7.1 AI assistance

The Service uses large language models, including third-party models accessed via Anthropic's Claude API, to summarize filings, answer questions, and generate Morning Briefs. AI systems can and do produce errors, including:

Hallucinations. Output that appears authoritative but is factually incorrect, including invented citations, docket numbers, party names, or filing summaries.
Omissions. Failure to surface a relevant filing or to include a material detail.
Stale information. Output that reflects a previous state of a docket because of ingestion lag or source-system outages.
Mischaracterization. Output that correctly identifies a filing but mischaracterizes its substance or significance.

7.2 You must verify

You agree to independently verify any Output against the underlying source filing before relying on it for any decision that has financial, legal, regulatory, operational, or reputational consequences. We provide citations and links to source filings precisely so that verification is possible; using the Service without performing that verification is at your own risk.

7.3 Public-source indirection

NodalPulse summarizes and indexes public regulatory filings; it is not the official source of those filings. The official sources include the PUCT Interchange Filing System, the ERCOT Market Information System, and other public records systems. We do not warrant that our copy of any filing is complete, current, or identical to the official version. If accuracy or completeness matters for your decision, retrieve and review the official source.

7.4 No advice

Nothing in the Service constitutes legal advice, investment advice, trading advice, regulatory compliance advice, engineering judgment, or any other form of professional advice. The Service is an information-retrieval and summarization tool. You should consult qualified legal, regulatory, financial, or technical professionals for advice specific to your situation.

7.5 No trading reliance

The Service is not designed for, and you agree not to use the Service as, the sole or primary basis for any trading, bidding, scheduling, or position-taking decision in any electricity, capacity, ancillary services, congestion-revenue-rights, transmission-rights, or related market. You acknowledge that Outputs may be incomplete, delayed, or incorrect and that no representation is made that the Service will surface every event that matters to your position.

7.6 Service availability

We use commercially reasonable efforts to keep the Service available, but we do not warrant uninterrupted, error-free, or secure operation. The Service depends on third-party infrastructure (including Railway, Cloudflare, Stripe, and Anthropic) and on the availability of public-source systems (including PUCT IFS and ERCOT MIS); outages or rate limits in those systems will affect the Service. We do not offer a contractual uptime SLA at this time. Section 11 addresses liability for downtime.

8. Third-party services and integrations

The Service relies on certain third-party services to function, including those listed in our Privacy Policy. Your use of the Service is conditioned on those third parties continuing to be available on commercially reasonable terms. We are not responsible for the acts, omissions, downtime, pricing changes, or terms of service of third parties.

OAuth sign-in is provided through Google and Microsoft. Your use of those sign-in methods is also subject to the respective provider's terms; we receive only the information described in our Privacy Policy.

9. Term and termination

9.1 Term

These Terms take effect when you first accept them and continue until your account is terminated.

9.2 Termination by you

You may terminate at any time by cancelling your subscription and deleting your account through your settings. Cancellation takes effect at the end of your current paid billing period.

9.3 Termination by us

We may suspend or terminate your account immediately and without liability if:

(a) you materially breach these Terms (including any breach of Section 5) and, where practicable, fail to cure the breach within ten (10) days of our notice;

(b) we reasonably believe your account is being used for fraudulent, illegal, or abusive activity;

(d) we discontinue the Service in whole or in part, in which case we will use commercially reasonable efforts to give you at least thirty (30) days' notice; or

(e) your payment method fails and the issue is not cured within a reasonable period after notice.

9.4 Effect of termination

Upon termination, your right to access the Service ceases, and we may delete Customer Data in accordance with our Privacy Policy and our retention practices. Sections 5.2, 6, 7, 10, 11, 12, 13, 14, and 16 survive termination.

9.5 Data export

For a reasonable period before termination (and, where you initiate cancellation, also after the end of your paid period), you may export your account's structured data through features available in the application. We are not obligated to provide custom export formats or to retain Customer Data after the retention period stated in our Privacy Policy.

10. Disclaimers

EXCEPT AS EXPRESSLY STATED IN THESE TERMS, THE SERVICE AND ALL OUTPUTS ARE PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTY OF ANY KIND. TO THE MAXIMUM EXTENT PERMITTED BY LAW, WE DISCLAIM ALL WARRANTIES, EXPRESS, IMPLIED, AND STATUTORY, INCLUDING IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT, ACCURACY, COMPLETENESS, AND QUIET ENJOYMENT.

WITHOUT LIMITING THE FOREGOING, WE DO NOT WARRANT THAT (i) THE SERVICE WILL MEET YOUR REQUIREMENTS, (ii) THE SERVICE WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE, (iii) OUTPUTS WILL BE ACCURATE, COMPLETE, OR RELIABLE, OR (iv) ANY DEFECTS WILL BE CORRECTED. SECTION 7 (AI-GENERATED CONTENT) APPLIES IN ADDITION TO THIS SECTION.

Some jurisdictions do not allow the exclusion of implied warranties; in those jurisdictions, the exclusions above apply only to the extent permitted.

11. Limitation of liability

11.1 Cap on liability

IN NO EVENT SHALL NODALPULSE'S TOTAL AGGREGATE LIABILITY ARISING OUT OF
OR RELATING TO THESE TERMS OR THE SERVICE EXCEED THE GREATER OF:

   (a) ONE HUNDRED U.S. DOLLARS ($100), OR
   (b) THE AMOUNTS YOU ACTUALLY PAID TO NODALPULSE FOR THE SERVICE IN
       THE TWELVE (12) MONTHS IMMEDIATELY PRECEDING THE EVENT GIVING
       RISE TO THE CLAIM.

11.2 Excluded damages

TO THE MAXIMUM EXTENT PERMITTED BY LAW, NEITHER PARTY WILL BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES, OR FOR ANY LOSS OF PROFITS, REVENUE, BUSINESS, GOODWILL, OR DATA, ARISING OUT OF OR RELATING TO THESE TERMS OR THE SERVICE, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

11.3 Carveouts

The limitations in Sections 11.1 and 11.2 do not apply to: (a) your payment obligations; (b) your obligations under Section 5.2 (Prohibited conduct) and Section 5.3 (Regulated-market activity); (c) either party's indemnification obligations under Section 12; (d) either party's breach of confidentiality; or (e) damages that cannot be limited or excluded under applicable law (such as a party's gross negligence, willful misconduct, or fraud).

11.4 Basis of the bargain

You acknowledge that the pricing of the Service reflects the allocation of risk in these Terms, that the limitations in this Section 11 are an essential element of the bargain between you and us, and that we would not provide the Service without them.

12. Indemnification

12.1 By you

You will defend, indemnify, and hold harmless NodalPulse, its officers, directors, employees, and agents from and against any third-party claims, damages, liabilities, costs, and expenses (including reasonable attorneys' fees) arising out of or relating to:

(a) your breach of Section 5 (Customer responsibilities and acceptable use), including any use of the Service in a manner not permitted by these Terms;

(b) your Customer Data, including any claim that your Customer Data infringes a third party's rights;

(c) your reliance on Outputs for trading, regulatory, legal, or other decisions, including any claim brought by your customers, counterparties, employers, or regulators;

(d) your violation of any law, including securities, energy, or privacy law.

12.2 By us

We will defend, indemnify, and hold harmless you from and against any third-party claim alleging that the Service, as delivered by us and used in accordance with these Terms, infringes a U.S. patent, registered U.S. copyright, or U.S. trademark of the claimant. This obligation does not apply to claims arising from: (i) Customer Data; (ii) modifications to the Service made by anyone other than us; (iii) combinations of the Service with hardware, software, or data not provided or recommended by us; or (iv) your use of the Service after we have notified you to stop.

12.3 Procedure

The indemnified party must promptly notify the indemnifying party of the claim, give the indemnifying party sole control of the defense and settlement (provided no settlement may admit liability of the indemnified party or impose any non-monetary obligation on the indemnified party without consent), and cooperate at the indemnifying party's expense.

12.4 Sole remedy

This Section 12 states the parties' sole and exclusive remedies and the indemnifying party's sole liability for third-party intellectual property claims.

13. Dispute resolution; mandatory arbitration; class action waiver

PLEASE READ THIS SECTION CAREFULLY. IT REQUIRES YOU TO RESOLVE DISPUTES WITH US BY BINDING INDIVIDUAL ARBITRATION AND LIMITS THE WAY YOU CAN SEEK RELIEF FROM US.

13.1 Informal resolution first

Before initiating any formal proceeding, the parties will attempt in good faith to resolve any dispute by negotiation. You may begin this process by sending a written notice describing the dispute and the relief you seek to support@nodalpulse.com. If the dispute is not resolved within thirty (30) days of that notice, either party may initiate arbitration.

13.2 Binding arbitration

Except as provided in Section 13.5 (Carveouts) and Section 13.6 (EU and UK users), any dispute arising out of or relating to these Terms or the Service will be resolved by binding, individual arbitration administered by JAMS in accordance with the JAMS Streamlined Arbitration Rules and Procedures then in effect. The arbitration will be conducted in English, by a single arbitrator, and seated in Cheyenne, Wyoming (with the option of telephonic or videoconference hearings to reduce cost). Judgment on the arbitration award may be entered in any court of competent jurisdiction.

13.3 Class action waiver

YOU AND NODALPULSE EACH WAIVE THE RIGHT TO BRING OR PARTICIPATE IN ANY
CLASS, COLLECTIVE, OR REPRESENTATIVE ACTION. ARBITRATION UNDER THIS
SECTION IS LIMITED TO INDIVIDUAL CLAIMS. THE ARBITRATOR HAS NO AUTHORITY
TO HEAR CLASS CLAIMS OR TO AWARD CLASS-WIDE RELIEF.

If a court determines that this class-action waiver is unenforceable as to any claim, that claim will be severed from arbitration and litigated in court under Section 14, but the remainder of this Section 13 will remain in effect.

13.4 30-day opt-out

You may opt out of this arbitration and class-action waiver provision by sending written notice to support@nodalpulse.com within thirty (30) days of first accepting these Terms. Your notice must include your name, the email address associated with your account, and a clear statement that you opt out. Opting out does not affect any other provision of these Terms.

13.5 Carveouts

The following claims are not subject to arbitration and may be brought in court under Section 14: (a) claims for injunctive or other equitable relief (including temporary restraining orders) to protect a party's intellectual property, confidential information, or security; (b) claims of intellectual property infringement; and (c) claims that small-claims court of competent jurisdiction may hear, at the election of either party.

13.6 EU and UK users

If you are a consumer resident in the European Union or the United Kingdom, this Section 13 does not deprive you of mandatory protections under the law of your country of residence. You may bring proceedings in the courts of your country of residence, and we may bring proceedings only in the courts of your country of residence in any consumer dispute.

14. Governing law; venue for non-arbitrable claims

These Terms are governed by the laws of the State of Wyoming, without regard to its conflicts-of-law principles, and excluding the United Nations Convention on Contracts for the International Sale of Goods. For any claim not subject to arbitration under Section 13, the parties consent to the exclusive jurisdiction and venue of the state and federal courts located in Laramie County, Wyoming, and waive any objection to inconvenient forum.

15. Changes to these Terms

We may modify these Terms from time to time. If we make material changes, we will give you reasonable notice (for example, by posting a notice on the Site or by email to the address on your account) at least fifteen (15) days before the change takes effect, except where a shorter period is required by law. Your continued use of the Service after the effective date constitutes acceptance of the changes. If you do not agree, your sole remedy is to stop using the Service and cancel your subscription before the change takes effect.

16. Miscellaneous

16.1 Entire agreement

These Terms, together with the Privacy Policy and any order form or supplemental written agreement we sign with you, constitute the entire agreement between the parties regarding the Service and supersede all prior or contemporaneous understandings.

16.2 No waiver

Our failure to enforce any provision is not a waiver of our right to do so later.

16.3 Severability

If any provision is held unenforceable, the remaining provisions will remain in full force, and the unenforceable provision will be reformed only to the extent necessary to make it enforceable, preserving the parties' original intent as closely as possible.

16.4 Assignment

You may not assign these Terms or any rights or obligations under them without our prior written consent. Any attempt to do so is void. We may assign these Terms in connection with a merger, acquisition, sale of assets, financing, or change of control on notice to you.

16.5 No agency

Nothing in these Terms creates a partnership, joint venture, agency, or employment relationship between the parties. Neither party has authority to bind the other.

16.6 Force majeure

Neither party is liable for any failure or delay in performance (other than payment obligations) caused by events beyond reasonable control, including acts of God, war, terrorism, civil unrest, governmental action, labor disputes, internet or utility outages, denial-of-service attacks, pandemic, or failure of upstream providers (including PUCT, ERCOT, Anthropic, Stripe, Cloudflare, or Railway).

16.7 Notices

We may send notices to the email address on your account. You must send legal notices to support@nodalpulse.com with "Legal Notice" in the subject line. Notices are effective on the day delivered, if delivered during business hours on a business day in Wyoming, and otherwise on the next business day.

16.8 Government users

If you are a U.S. federal, state, or local government entity, you acknowledge that the Service is "commercial computer software" under FAR 12.212 and DFARS 227.7202 and is licensed to you on the same commercial terms set out in these Terms.

16.9 Export control

You will comply with all applicable U.S. and foreign export and re-export control laws and regulations and will not use the Service in any jurisdiction subject to comprehensive U.S. sanctions.

16.10 Headings

Section headings are for convenience and do not affect interpretation.

17. How to contact us

If you have any questions about these Terms, write to support@nodalpulse.com.

Cordillera Ventures LLC
A Wyoming limited liability company, operator of the NodalPulse service
support@nodalpulse.com
nodalpulse.com