Sparx Platform Disclaimer

1. Risk Score and Forecasting Disclaimer

The risk score provided by the Sparx platform is an actuarial-based projection intended to estimate the likelihood that an Accountable Care Organization (ACO) will achieve shared savings. This score is derived using historical Medicare FFS Claims Data, publicly available benchmark reports, financial statements, and proprietary actuarial models.

However, these projections are forward-looking estimates that are subject to numerous factors beyond Sparx’s control, including but not limited to:

• Changes in regulatory frameworks and Medicare reimbursement policies.

• Variability in provider network performance and turnover.

• Economic and market conditions that affect healthcare costs.

• Data inaccuracies or delays in financial reporting.

2. No Guarantee of Accuracy

Sparx makes no guarantee, representation, or warranty that the risk score, savings probability, or any related forecast will accurately predict future financial or operational performance. Users must not rely solely on these projections when making financial, business, or underwriting decisions.

3. Limitation of Liability

Sparx offers actuarial insights and benchmarking tools as informational resources to support decision-making. The risk score is intended to provide guidance but does not constitute an underwriting decision, nor should it be interpreted as financial, investment, or legal advice.

• While Sparx has been granted certain binding authority in some cases, it does not have the final decision-making authority regarding bond issuance. The ultimate decision to issue a bond, including setting final terms, conditions, and requirements, is made solely by the surety carrier.

• Sparx evaluates risks and provides underwriting assessments using analytical tools, but such assessments are advisory in nature and do not guarantee approval, issuance, or specific terms of any bond.

• Nothing in Sparx’s role or risk assessment should be construed as creating an obligation, express or implied, to approve or issue a bond.

• While Sparx endeavors to provide accurate and meaningful data, it cannot guarantee specific outcomes. Users are encouraged to consider multiple factors when evaluating risk projections.

• Sparx is not liable for financial losses, regulatory matters and penalties, or business disruptions arising from reliance on its risk analytics or projections.

• Users acknowledge that decisions based on Sparx’s tools and reports are made at their own discretion.

To the fullest extent permitted by law, Sparx disclaims all liability for direct, indirect, incidental, consequential, or special damages arising from the use of its risk score, analytics, or financial forecasts.

4. No Fiduciary or Advisory Relationship

Sparx is not a financial, legal, or investment advisor. The information provided through the platform does not constitute:

• Investment advice

• Actuarial underwriting

• Legal compliance guidance

• Financial guarantees

Users are strongly encouraged to conduct independent due diligence or seek professional advisory services before making financial or business decisions.

5. Data and Benchmarking Accuracy Disclaimer

The data used in the Sparx platform, including but not limited to CMS Quarterly Benchmark Reports, audited financials, and interim financials, may be incomplete, delayed, or subject to updates. Sparx does not control third-party data sources and makes no representations about their completeness, accuracy, or timeliness.

Users should verify all data points independently before relying on them for business or financial decisions.

6. Acknowledgment and Acceptance

By using the Sparx platform, you acknowledge that you have read, understood, and agreed to this disclaimer. You further agree that:

• The risk score is a predictive tool, not a definitive measure of financial success.

• Sparx bears no responsibility for underwriting outcomes or financial performance.

• You will not hold Sparx liable for any business, financial, or legal consequences resulting from reliance on platform outputs.

This disclaimer is incorporated by reference into Sparx’s Terms of Service. If you do not agree to these terms, you should discontinue use of the platform immediately.

For questions or concerns, please contact [email protected].