Please read the following Terms and Conditions for using the Denver Gardner, Inc.'s (Denver Gardner) Web sites (the “Web site”). By using the Web site and the information and services available through the Web site, you agree to follow and be bound by these Terms and Conditions. If you do not agree to these Terms and Conditions, do not use the Web site.

Denver Gardner owns the Web site and reserves the right, at its discretion, to modify these Terms and Conditions at any time and any such modification will be effective immediately upon posting the modification. You should check these Terms and Conditions periodically for modifications. If you use the Web site after we post modifications to the Web site, then you will be bound by such modifications.

These Terms are in addition to any other agreements between you and Denver Gardner, including any customer or account agreements and any other agreements that govern your use of products, services, content, tools and information available on the Web site.

Use of the Web site

The Web site is intended only for your personal, non-commercial use and display. You may download information from the Web site to your computer and print out a hard copy for your personal reference, provided that you agree not to remove any copyright or other notices contained therein.

Web Site Content

Denver Gardner offers content from third party providers on the Web site. This content includes financial market data, quotes, news, analyst opinions and research reports (the “content”). Denver Gardner does not endorse or approve the content, and we make it available to you only as a service and convenience. Denver Gardner and our third party providers do not guarantee the accuracy, timeliness, completeness or correct sequencing of the content or warrant any results from your use or reliance on the content. The content may quickly become unreliable for various reasons including, for example, changes in market conditions or economic circumstances. Neither Denver Gardner nor the third party providers are obligated to update any information or opinions contained in any of the content. Denver Gardner may discontinue offering any content on the Web site at any time without notice. You agree that neither Denver Gardner nor the third party providers will be liable to you in any way for the termination, interruption, delay or inaccuracy of any of the content on the Web site. You will not redistribute or facilitate the redistribution of any content, nor will you provide access to the content to anyone who is not authorized by Denver Gardner to receive the content.

Hyperlinking from the Web Site

In the event you use the hyperlinks included on the Web site to gain access to a World Wide Web site or Internet location or source of information on any company organization or person other than Denver Gardner or to any other Internet location, you acknowledge that such other sites or locations are not under the control of Denver Gardner and agree that Denver Gardner shall not be responsible for any information or other hyperlinks found at any such World Wide Web site or Internet location or source of information or for your use of such information. Denver Gardner provides such links only as a convenience to you and has not tested any software or verified any information found at such sites. The fact that Denver Gardner has provided a link to another site does not signify an endorsement of the site or its contents by Denver Gardner. There are inherent risks in the use of any software or information found on the Internet and you acknowledge that you understand these risks before making any use of the Web site and the Internet.

Electronic Recording

In connection with your use of this Web site, you acknowledge and consent to the taping or any form of electronic recording of any communication, electronic or otherwise, between you and Denver Gardner or its representatives or agents. You acknowledge and consent to the recording, retention and use by Denver Gardner (and its employees, representatives and agents) of all information and data that you input during your use of the Web site.

Electronic Communications

The Web site enables you to communicate electronically by sending an e-mail message to Denver Gardner. All e-mail sent to and from Denver Gardner will be received or otherwise recorded by the Denver Gardner corporate e-mail system and is subject to archival, monitoring or review by and/or disclosure to, someone other than the recipient. Communications through the Web site may involve the electronic transmission, to any e-mail address you provided to us, of information that you may consider to be personal financial information and you agree and consent to such transmission of such information. You agree not to use e-mail to transmit any confidential personal information.

License and Web site Access

Denver Gardner hereby grants you a limited, nonexclusive, nontransferable license to view, bookmark, download and print the pages within this Web site and the documents, graphics and media incorporated on those pages. You are solely responsible for obtaining, paying for, repairing and maintaining all of the equipment, telephone lines and other material that you need to access this Web site. The pages within this Web site may be used solely for personal, informational and noncommercial purposes. You may not modify, copy, distribute, transmit, post, display, perform, reproduce, publish, license, create derivative works from, transferor sell any pages, data, information, software, products or services obtained from this Web site, unless you have obtained the prior written permission of Denver Gardner or you are using a service available through this Web site. Denver Gardner reserves all rights not expressly granted herein; Denver Gardner expressly reserves the right to monitor any and all use of this Web site.

Unless you have obtained Denver Gardner's prior written permission, you and any other users and Web sites, may not:

• Copy, modify or display Denver Gardner's name, logo, trademarks, text or graphic images in any way, except as set forth herein.
• Redeliver any of the pages, text, images or content of this Web site using “framing” technology;
• Modify or use the pages, text, images or content from this Web site for any other purpose—doing so is a violation of Denver Gardner's copyrights and other proprietary rights;
• Use devices (including software) that are designed to provide repeated automated access to this Web site, other than those made generally available by Denver Gardner or probe, scan or test the vulnerability of any system or network related in any way to this Web site, without proper authorization. Denver Gardner reserves the right to take all measures necessary to prevent such access, probing, scanning or testing, including denial or termination of service; and
• Include “DENVER GARDNER,” any Denver Gardner trademark, any Denver Gardner executive's name or any variation of any of the foregoing, as a meta-tag, hidden textual element or any other indicator that may create an impression of affiliation, sponsorship or endorsement between any user and/or Web site and Denver Gardner.

Copyrights

All graphics, logos, page headers and service names are copyrights of Denver Gardner. Denver Gardner's marks may not be used in connection with any product or service that is not Denver Gardner's, in any manner that is likely to cause confusion among customers or in any manner that disparages or discredits Denver Gardner.

All other marks appearing on this Web site are the exclusive property of their respective owners.

All content on this Web site, including, but not limited to, text, graphics, audio clips, logos, buttons, images, digital downloads, data compilations, software, icons, html code and xml code, is the property of Denver Gardner or its content vendors and is protected by Singapore and international copyright laws.

The compilation of all content on this Web site is the exclusive property of Denver Gardner or its content vendors and is protected by Singapore. and international copyright laws. All software used on this Web site is the exclusive property of Denver Gardner or its software suppliers and is protected by Singapore. and international copyright laws and other laws.

Downloading Software and Files

If you download software or files from the Web site under these Terms and Conditions, the software—including any files or images incorporated in or generated by the software and data accompanying the software—and files (collectively, the “Files”) are licensed to you by Denver Gardner solely for your personal, noncommercial use. However:

• Denver Gardner does not transfer title to the Files to you;
• You own the medium on which the Files are recorded, but Denver Gardner and its licensors retain full and complete title in and to the Files, including all intellectual property rights therein;
• You may not redistribute, sell, decompile, reverse engineer, disassemble or otherwise reduce the Files to any other form whatsoever; and
• Software from this Web site is subject to Singapore export controls. Software from this Web site may not be downloaded or otherwise exported or re-exported outside of Singapore.

Information for Foreign Investors

Each of the investment products and services referred to on this Web site is intended to be made available to Singapore residents and foreign investors. This Web site shall not be considered a solicitation for or offering of any investment product or service to any person in any jurisdiction where such solicitation or offering would be illegal.

International Use

Because of the global nature of the Internet, you agree to comply with all local rules regarding online conduct, including all laws, rules, codes and regulations of the country in which you reside and the country from which you access this Web site. In addition, you agree to comply with all applicable laws, rules, codes and regulations regarding the transmission of technical data exported from Singapore.

Requirements for Hyperlinking to the Web Site

You may not hyperlink to this Web site unless you accept and comply with the following Hyperlinking requirements. You are granted a limited, revocable, nonexclusive right to create a hyperlink to this Web site provided you comply at all times with all of the following conditions:

• The hyperlink must resolve to Denver Gardner's portal page at www.d-g-inc.com.
• The text of the hyperlink on the linking Web site must include the terms “Denver Gardner,” or “d-g-inc.com,” or “www.d-g-inc.com” (you may not use any Denver Gardner logo or other proprietary graphic, including but not limited to banner advertisements, as part of the hyperlink without the prior written permission of Denver Gardner);
• The hyperlink and surrounding context on the linking Web site must not falsely represent or suggest any relationship between the linking Web site and Denver Gardner (including suggestions of affiliation, endorsement or sponsorship);
• The hyperlink and surrounding context on the linking Web site must not portray Denver Gardner or its products or services in a false, misleading, derogatory or otherwise offensive manner;
• The hyperlink must deliver Denver Gardner content outside of a framed environment and must maintain the integrity of the layout, content and look and feel of this Web site; and
• The hyperlink must deliver users directly to this Web site unaltered, unmodified and unadulterated in any way by the hyperlinking Web site.

Notwithstanding the foregoing, in no event may you maintain numerous or pervasive links to this Web site without the prior written permission of Denver Gardner.

Termination, Suspension or Modification

The rights granted to you herein terminate immediately upon any violation by you of these Terms and Conditions. Denver Gardner reserves the right to terminate, suspend or modify your access to the Web site at any time, without notice, for any reason whatsoever. You agree that Denver Gardner shall not be liable to you or any third party for any termination of your access to this Web site.

Disclaimers and Limitations of Liability

YOU EXPRESSLY UNDERSTAND AND AGREE THAT:

YOUR USE OF THE Web site IS PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS. TO THE FULL EXTENT PERMITTED UNDER APPLICABLE LAW, DENVER GARDNER EXPRESSLY DISCLAIMS ALL WARRANTIES OF ANY KIND WITH RESPECT TO THE Web site AND ANY PRODUCTS OR SERVICES AVAILABLE ON OR THROUGH THE Web site, WHETHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT. DENVER GARDNER MAKES NO WARRANTY THAT:

1. THE Web site WILL MEET YOUR REQUIREMENTS;

2. THE Web site WILL BE UNINTERRUPTED, TIMELY, SECURE or FREE OF VIRUSES, ERRORS, WORMS, DATE BOMBS, TIME BOMBS or OTHER HARMFUL COMPONENTS;

3. THE RESULTS THAT MAY BE OBTAINED FROM THE USE OF THE Web site WILL BE ACCURATE OR RELIABLE;

4. THE QUALITY OF ANY PRODUCTS, SERVICES, INFORMATION or OTHER MATERIAL PURCHASED OR OBTAINED BY YOU THROUGH THE Web site WILL MEET YOUR EXPECTATIONS;

5. ANY ERRORS ON THE Web site WILL BE CORRECTED; AND

6. THE DATA AND MATERIALS PRESENTED OR DISPLAYED ON THE Web site ARE CORRECT, ACCURATE or RELIABLE. ANY CONTENT OR DATA DOWNLOADED OR OTHERWISE OBTAINED THROUGH THE USE OF THE Web site IS DONE AT YOUR OWN DISCRETION AND RISK. YOU WILL BE SOLELY RESPONSIBLE FOR ANY DAMAGE TO YOUR COMPUTER SYSTEM OR LOSS OF DATA THAT RESULTS FROM THE DOWNLOAD OF ANY SUCH CONTENT.

YOU AGREE THAT DENVER GARDNER OR ANY THIRD PARTY ENGAGED IN PROVIDING SERVICES TO YOU ON OR THROUGH THE Web site SHALL NOT BE RESPONSIBLE OR LIABLE FOR ANY DAMAGES CAUSED BY THEFT, UNAUTHORIZED ACCESS, SYSTEMS FAILURE, COMMUNICATIONS LINE FAILURE or OTHER OCCURRENCES BEYOND THE CONTROL OF DENVER GARDNER OR SUCH THIRD PARTIES.

NO ADVICE OR INFORMATION, WHETHER WRITTEN OR ORAL, WHETHER OBTAINED BY YOU FROM DENVER GARDNER, FROM A DENVER GARDNER EMPLOYEE OR AGENT or THROUGH OR FROM THE Web site, SHALL CREATE ANY WARRANTY NOT EXPRESSLY STATED IN THESE TERMS AND CONDITIONS. DENVER GARDNER WILL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL or EXEMPLARY DAMAGES, INCLUDING BUT NOT LIMITED TO, DAMAGES FOR LOSS OF PROFITS, REVENUE, INCOME, GOODWILL, USE, DATA or OTHER INTANGIBLE LOSSES (EVEN IF DENVER GARDNER HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES), RESULTING FROM:

1. THE USE OF OR THE INABILITY TO USE THE Web site;

2. THE COST OF PROCUREMENT OF SUBSTITUTE GOODS AND SERVICES RESULTING FROM ANY GOODS, DATA, INFORMATION or SERVICES PURCHASED OR OBTAINED or MESSAGES RECEIVED OR TRANSACTIONS ENTERED INTO, THROUGH or FROM THE Web site;

3. ACCESS TO OR ALTERATION OF YOUR ACCOUNT, TRANSMISSIONS or DATA DUE TO YOUR CONDUCT, INACTION or NEGLIGENCE;

4. STATEMENTS OR CONDUCT OF ANY THIRD PARTY ON THE Web site; OR

5. ANY OTHER MATTER RELATING TO THE Web site.

Indemnification

You agree to indemnify, defend and hold harmless Denver Gardner, its affiliates and officers, directors, employees and agents of Denver Gardner and its affiliates, from and against any and all claims, liabilities, damages, losses or expenses, including attorney's fees and costs, arising out of or in any way connected with your access to or use of this Web site.

Integration and Severability

If any provision of these Terms and Conditions is deemed unlawful, void or for any reason unenforceable, then that provision will be deemed severable from these Terms and Conditions and will not affect the validity and enforceability of the remaining provisions. These Terms and Conditions represent the entire agreement between Denver Gardner and the user relating to the subject matter herein, except Denver Gardner's relationship with its customers is governed by the Denver Gardner account agreements.

Applicable Law and Venue

Unless otherwise specified, Denver Gardner controls and operates this Web site from our offices within Singapore. Denver Gardner does not claim that materials in this Web site are appropriate or available for use in locations other than Singapore. If you choose to access this Web site from other locations, you do so on your own initiative and you are responsible for compliance with any applicable local laws, as set forth above. By visiting this Web site, you agree that the laws of Singapore, without regard to principles of conflict of laws, will govern these Terms and Conditions and any dispute of any sort that might arise between you and Denver Gardner or its affiliates.