Terms of Use


This agreement was last updated on July 1st, 2009. This Subscriber Agreement and Terms of Use
govern subscriptions to FINdaily, Nonprofit News, FINsearches and Emerging ManagerMonthly,
and, unless other terms and conditions expressly govern, any other electronic services from
GRLM, LLC, dba Financial Investment News that may be made available from time to time (each,
a "Service"). By subscribing to a Service, you agree to be bound by the terms of this

1. Changes to Subscriber Agreement. We may change the terms of this Agreement at any
time by notifying you of the change in writing or electronically. The changes also will
appear in this document, which you can access at any time by going to the Terms section of
our website. You signify that you agree to be bound by such changes by using a Service after
changes are made to this Agreement.

2. Privacy and Your Account. Subscriber data and other information about you are
subject to our Privacy Policy (available on our website). If you access a Service using a
password, you are solely responsible for maintaining the confidentiality of that password. If
you provide someone else with access to your password to a Service, they will have the
ability to view information about your account and make changes through the website for the
Service. You agree to notify us promptly if you change your email address so we can continue
to serve your subscription and/or contact you and send any notices required hereunder. If you
fail to notify us promptly of a change, any subscription service or notice we send to your
old address or email shall be deemed sufficient notice of fulfillment of the subscription

3. Fulfillment, Fees and Payments. Financial Investment News
agrees to serve you a subscription for a period of 1-year, unless otherwise agreed
upon as noted on an invoice from Financial Investment News. You agree to pay the
subscription fees incurred in connection with your subscription. We will invoice
you for your subscription and will accept payment via credit card or check. Payment
is expected within 30 days.

4. Renewal. Your subscription will not renew automatically.We must receive
confirmation to continue annual service after current term expires.

5. Limitations on Use. a. Only one individual may access a Service at the same
time unless we agree otherwise. b. The text, graphics, images, video, design,
organization, compilation, look and feel, advertising and all other protect-able intellectual
property (the"Content") available through the Services is our property or the property of our
advertisers and licensors and is protected by copyright and other intellectual property laws.
Unless you have our written consent, you may not sell, publish, distribute, retransmit or
otherwise provide access to theContent received through the Services to anyone outside of
your firm with the following exception: (i) You may occasionally distribute a copy of an
article, or a portion of an article, from a Service to a few individuals without charge,
provided you include all copyright and other proprietary rights notices in the same form in
which the notices appear in the Service, original source attribution, and the phrase"Used
with permission from Financial Investment News" or "Used with permission from GRLM, LLC."
Please consult our reprints department (212.627.7615) if you need to distribute an article
from a Service to a larger number of individuals, on a regular basis or in any other manner
not expressly permitted by this Agreement. c. You agree not to rearrange or modify the
Content. You agree not to create abstracts from, scrape or display headlines from our content
for use on another web site or service. You agree not to post any content from the Services
to web logs, newsgroups, mail lists or electronic bulletin boards, without our written
consent. To request consent for this and other matters, please contact Gar Chung at 646-810-1073.

d. You agree not to use the Services for any unlawful purpose. We reserve
the right to terminate or restrict your access to a Service if, in our opinion, your use
ofthe Service may violate any laws, regulations or rulings, infringe upon another person's
rights or violate the terms of this Agreement. Also, we may refuse to grant you a user name
that impersonates someone else, is protected by trademarkor other proprietary right law, or
is vulgar or otherwise offensive.

7. Third Party Web Sites, Services and Software. We may link to, or promote web sites or
services from other companies. You agree that we are not responsible for, and do not control,
those web sites and services.

and use of this service and the content available through the Services is on an as-is basis
and we specifically disclaim any representations or warranties, express, or implied, without
limitation of the fitness for a particular purpose. We do not give tax or investment advice
or advocate the purchase or sale of any security or investment. You should always seek the
assistance of a professional for tax and investment advice. GRLM, LLCand its subsidiaries,
affiliates, shareholders, directors, officers, employees and licensors (The GRLM, LLC
parties) will not be liable (jointly or severally) to you or any other person as a result of
your access or use of the service for indirect, consequential, special, incidental, punitive,
or exemplary damages, including without limitation, lost profits, lost savings and lost
revenues (collectively, the excluded damages). If any section of this agreement is found to
be unenforceable by a court of competent jurisdiction,the remainder of the agreement other
than those held to be invalid, will not be affected.

9. General. This Agreement contains the final and entire agreement between us regarding
your use of the Services and supersedes all previous and contemporaneous oral or written
agreements regarding your use ofthe Services. We may discontinue or change the Services or
their availability to you, at any time. This Agreement is personal to you, which means that
you may not assign your rights or obligations under this Agreement to anyone. No third party
is a beneficiary of this Agreement. You agree that this Agreement,as well as any and all
claims arising from this Agreement will be governed by and construed in accordance with the
laws of the State of New York, United States of America applicable to contracts made entirely
within New York and wholly performed in New York, without regard to any conflict or choice of
law principles. The sole jurisdiction and venue for any litigation arising out of this
Agreement will be an appropriate federal or state court located in New York.