| TERMS AND CONDITIONS OF USE 
 
														 
													 1. User agrees to purchase a license to 
                  use SimFund FilingĀ® for access to open-end and closed-end SEC 
                  filings on Vendor's (Simfund Mutual Fund Research 
                  and Consulting Electronic Products Inc.) web site and to pay a 
                  license fee by check within 30 days of receipt of Vendor's 
                  electronic invoice. 2. 
                  All terms of this Agreement will apply to User and Vendor from 
                  the date of delivery of User ID's and passwords to User and 
                  continue for the subsequent twelve (12) months. This agreement 
                  shall automatically renew for successive one (1) year periods, 
                  provided User pays upon being invoiced for one (1) additional 
                  year within 30 days of renewal date in the amount 
                  of Vendor's then current annual license fee for the 
                  Service.
 
														
													 3. 
                  Permission is granted to any still valid Simfund 
                  approved username and password to download and print materials 
                  from this website for the User's own internal purposes and to 
                  support User's normal operations including regularly provided 
                  publications, electronic services, customer support and 
                  consulting projects. User may redistribute without 
                  restriction any complete, portion of, or information from a 
                  SEC filed document, which is accessed or derived from the 
                  Service. User shall not, on the basis of this Agreement, 
                  transfer the use of this Service, or take the Service or 
                  elements of The Service and incorporate them electronically in 
                  User's retail or institutional products and services 
                  without 
                  separate written Agreement with Vendor. Users shall not use 
                  the Service to provide service advice or analysis, or 
                  electronically redistribute the Service or parts of the 
                  Service, to any third parties, on either a regular or ad hoc 
                  basis, in such a way which would in effect deprive Vendor of 
                  the opportunity to license the Service to such third party, 
                  without separate written agreement with 
                  Vendor.
 
														
													 4. 
                  The User acknowledges that the website is protected under 
                  copyright and other laws. The User agrees that this agreement 
                  shall not grant to the User any title or ownership interest in 
                  the Service. The User agrees to treat the website, individual 
                  username access ID's and passwords, and related documentation 
                  as proprietary and confidential and not to disclose 
                  such information to any third party. Either User or Vendor may 
                  terminate this SimFund Filing license at any time without cause 
                  and Vendor will refund within 30 days a pro-rata portion of 
                  the license fee corresponding to the unexpired term of User's 
                  subscription year. 
 
														
													 5. 
                  This website and the information, software, and other 
                  materials available on or accessible from it are provided on 
                  an "as is" and "as available" basis without warranties or 
                  representations of any kind, either express or implied, 
                  including but not limited to warranties of title, 
                  noninfringement, merchantability and fitness for a particular 
                  purpose. Simfund does not warrant that the website 
                  service will be error free, timely or available at any 
                  particular time, or that any  information, software, 
                  or other materials available through the website are free of 
                  viruses or other harmful components.
 
														
													 6. 
                  Under no circumstances will Simfund be liable for 
                  any damages, including, but not limited to, direct, indirect, 
                  incidental, 
                  special, punitive or consequential damages, that result from 
                  your use of the website or your reliance on or use of 
                  information or services provided on or through the website, or 
                  that result from mistakes, omissions, interruptions, errors, 
                  defects, delays in operation or transmission or any failure of 
                  performance.
 7. 
                  Your use of our website shall be governed by and interpreted 
                  in accordance with the laws of New York and the United States 
                  of America, without regard to their principles of conflicts of 
                  law. You agree that any legal action or proceeding relating to 
                  your use of our website shall be brought either in the federal 
                  or state courts located in New York County. By choosing to 
                  access our website from any location outside the United 
                  States, you accept full responsibility for compliance with all 
                  local laws and laws outside of the United 
                  States.
 
														
													 Simfund Mutual Fund Research and Consulting Electronic 
                  Products Inc.
														
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