Private Portal Terms

Effective date: 24 August 2026

1. Scope

These terms apply to the Leblon Capital Investor Portal and Supplier / Contractor Portal. Portal access is discretionary, personal to the authorised user and limited to the projects, tenders, updates or documents for which permission has been granted.

2. Individual credentials

Accounts, passwords and email verification codes are personal and must not be shared. Users must take reasonable steps to protect their credentials and must notify Leblon Capital promptly if they suspect unauthorised use of their account.

3. Confidentiality

Unless a document is expressly identified as public, information made available through a private portal must be treated as confidential and used only for the business, investment, financing, procurement or project purpose for which access was granted. This obligation does not prevent disclosure required by law or to professional advisers who are themselves subject to appropriate confidentiality obligations.

4. Downloads and redistribution

A download function authorises the approved user to obtain a working copy for the permitted purpose; it does not make the document public. Portal material must not be forwarded, published, uploaded to public services, redistributed or otherwise made available to unauthorised persons without Leblon Capital’s prior authorisation, except where disclosure is legally required.

5. Investor information

Investor updates, financial information, forecasts, valuations, development programmes and other portal material are provided within the relevant project relationship and must be read together with definitive executed transaction documents. Portal information does not amend or replace a shareholders’ agreement, subscription agreement, financing agreement or other binding transaction document unless expressly agreed in accordance with that document.

6. Tender and procurement information

Tender material may include preliminary or evolving designs, specifications, quantities, programmes, commercial assumptions and clarifications. Only formally issued procurement documents and communications applicable to the relevant process should be relied upon. Leblon Capital may amend, suspend or cancel a procurement process subject to applicable contractual and legal obligations.

7. Access monitoring and logs

For security, confidentiality and portal administration, Leblon Capital may record authentication events, IP addresses, access permissions and protected-document downloads. Such information is processed in accordance with the Privacy Policy and applicable data-protection law.

8. Suspension and termination

Access may be suspended or revoked where it is no longer required, where a relationship ends, where security is at risk, where these terms are breached, or where access must be restricted for legal, regulatory, contractual or project reasons.

9. Intellectual property

Portal access does not transfer intellectual-property rights in drawings, specifications, reports, presentations, models, photographs, data or other materials. All rights remain with Leblon Capital or the relevant third-party owner.

10. No public offer or guarantee

Private portal material is not intended for public distribution. Forward-looking project information may change and does not constitute a guarantee of future performance, timing, value, return or outcome.

11. Privacy

Personal data associated with portal registration, authentication and use are processed as described in the Privacy Policy.

12. Applicable law

These Private Portal Terms are governed by Portuguese law. Any dispute will be submitted to the courts having jurisdiction under applicable Portuguese procedural law, subject to mandatory rules and to any different dispute-resolution provision contained in a binding agreement between the relevant parties.