STRATEGIC MANDATE GMBH — PARALLAX PYTHON SDK LICENSE AGREEMENT
==============================================================

Copyright (c) 2024-2026 Strategic Mandate GmbH. All rights reserved.

1. SCOPE OF THIS PACKAGE (`strategic-mandate-parallax`)
This Python distribution (`strategic-mandate-parallax`, imported as `parallax`) is the client
Software Development Kit ("SDK") for the Parallax quantitative valuation and
Monte Carlo simulation platform developed by Strategic Mandate GmbH
("Strategic Mandate").

The public `strategic-mandate-parallax` wheel contains pure-Python modeling classes
(`parallax.model`), visualization and institutional reporting utilities
(`parallax.viz`), and the runtime client interface (`parallax.engine`). It does
NOT include the proprietary Parallax simulation engine binary.

2. GRANT OF SDK LICENSE
Subject to the terms of this Agreement, Strategic Mandate grants you a
non-exclusive, non-transferable, revocable, royalty-free license to download,
install, and use the `strategic-mandate-parallax` Python package to construct, inspect,
serialize, and visualize Parallax models, and to connect to a validly licensed
Parallax Engine Runtime (`_parallax_native`) or Parallax Engine Server.

3. ENGINE RUNTIME & COMMERCIAL LICENSE REQUIREMENT
Execution of simulations, valuations, sensitivity analyses, and stochastic
calculations requires both:
  (a) a licensed Parallax Engine Runtime binary (`_parallax_native`) or
      authorized Parallax Server instance provided by Strategic Mandate, and
  (b) a valid cryptographic license file (`license.pxl`) issued by Strategic
      Mandate (`https://nice.strategicmandate.com`).

Use of the Parallax Engine Runtime is governed by the Strategic Mandate Master
Software License Agreement (EULA) executed between your organization and
Strategic Mandate GmbH.

4. RESTRICTIONS
You may not, and may not permit any third party to:
  (a) reverse-engineer, decompile, disassemble, or attempt to derive the source
      code, underlying algorithms, stochastic sampling routines, or financial
      waterfall logic of the Parallax Engine Runtime;
  (b) modify, tamper with, bypass, or circumvent any cryptographic license
      verification (`Ed25519`), hardware fingerprinting, or anti-tamper
      mechanisms in the Parallax software;
  (c) redistribute, sublicense, rent, lease, or host the Parallax Engine
      Runtime for third parties without prior written authorization from
      Strategic Mandate GmbH; or
  (d) remove or alter any copyright, trademark, or proprietary notices,
      including the Strategic Mandate (`SM`) and `parallax` brand marks.

5. DISCLAIMER OF WARRANTY & LIMITATION OF LIABILITY
THE SDK IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED,
INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A
PARTICULAR PURPOSE, AND NONINFRINGEMENT. IN NO EVENT SHALL STRATEGIC MANDATE
GMBH BE LIABLE FOR ANY CLAIM, DAMAGES, OR OTHER LIABILITY, WHETHER IN AN ACTION
OF CONTRACT, TORT, OR OTHERWISE, ARISING FROM, OUT OF, OR IN CONNECTION WITH
THE SDK OR THE USE OR OTHER DEALINGS IN THE SDK.

For commercial licensing Inquiries:
  Strategic Mandate GmbH
  Email: support@strategicmandate.com
  Web:   https://nice.strategicmandate.com
