Content License Agreement

By downloading or copying any content from this site, you agree to the following terms and conditions. The content available from this site (the
Content) is provided by the the National Endowment for Financial Education (NEFE) for non-profit, non-commercial educational purposes
only. As long as you comply with the terms and conditions of this Content License Agreement, NEFE grants to you a non-exclusive, revocable
license to use, copy, distribute, and create derivative works based on the Content, solely for non-profit, non-commercial educational purposes.

NON-PROFIT NON-COMMERCIAL USES ONLY

Use of the Content is strictly limited to use for non-profit, non-commercial educational purposes only. Commercial use or copying of the Content,
or of any derivative work based on or generated by the Content, is not permitted under this Content License Agreement. Prohibited commercial
uses include, but are not limited to:
the sale or offering for sale of the Content or any portion thereof or any derivative work based thereon, and
the use or copying of the Content in connection with conducting or promoting a for-profit business, or for funds-generating purposes
by any person or organization.

COPIES AND DERIVATIVE WORKS

Subject to the other provisions of this Content License Agreement, you may:
make copies of the Content in its entirety or of selected portions of the Content;
make derivative works based on the Content by editing, revising or adding to the Content or portions thereof; and
distribute copies of the Content, selected portions of the Content and derivative works based on the Content.
When making a revision or derivative work, you may not add any content or revisions that could be construed as making recommendations
regarding any financial instrument or investment opportunity.
You may not include any trademarks of NEFE on any copies of the Content or derivative works based on the Content, or do anything to state,
suggest or imply that you or any Content or derivative work based on the Content that you make or distribute is in any way affiliated with,
sponsored or endorsed by NEFE.

INTELLECTUAL PROPERTY
The Content is the intellectual property of NEFE and its suppliers. Except as expressly stated herein, this Content License Agreement does not
grant you any intellectual property rights in the Content and all rights not expressly granted are reserved to NEFE and its suppliers.

REVOCATION OF LICENSE
NEFE may, by notice to you, terminate and revoke any or all of the rights granted to you under this Content License Agreement for any reason.
In addition, your rights under this Content License Agreement shall immediately terminate if you breach any provision of this Content License
Agreement. NEFE expressly reserves the right to pursue legal action against any you if you breach any term of this Content License Agreement.

DISCLAIMER
NEFE does not provide financial or investment advice and does not make any recommendations regarding any financial instrument or
investment opportunity. NEFE does not warrant the performance or results users may obtain by using the Content.
THE INFORMATION AND CONTENT INCLUDED IN OR AVAILABLE THROUGH THIS WEB SITE MAY INCLUDE INACCURACIES OR
TYPOGRAPHICAL ERRORS. NEFE AND/OR ITS SUPPLIERS MAY MAKE IMPROVEMENTS AND/OR CHANGES IN THE INFORMATION
AND CONTENT AT ANY TIME. INFORMATION AND CONTENT ADVICE RECEIVED OR OBTAINED VIA THIS WEB SITE SHOULD NOT BE
RELIED UPON FOR PERSONAL, MEDICAL, LEGAL OR FINANCIAL DECISIONS AND YOU SHOULD CONSULT AN APPROPRIATE
PROFESSIONAL FOR SPECIFIC ADVICE TAILORED TO YOUR SITUATION.
DISCLAIMER OF WARRANTIES. NEFE AND/OR ITS SUPPLIERS MAKE NO REPRESENTATIONS ABOUT THE SUITABILITY, RELIABILITY,
AVAILABILITY, TIMELINESS, AND ACCURACY OF THE INFORMATION AND CONTENT INCLUDED IN OR AVAILABLE THROUGH THIS

WEB SITE FOR ANY PURPOSE. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, ALL SUCH INFORMATION AND
CONTENT IS PROVIDED "AS IS" WITHOUT WARRANTY OR CONDITION OF ANY KIND. NEFE AND/OR ITS SUPPLIERS HEREBY
DISCLAIM ALL WARRANTIES AND CONDITIONS WITH REGARD TO THIS INFORMATION AND CONTENT, INCLUDING ALL IMPLIED
WARRANTIES OR CONDITIONS OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT.
LIMITATION OF LIABILITY. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL NEFE AND/OR ITS
SUPPLIERS BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL DAMAGES OR ANY
DAMAGES WHATSOEVER INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF USE, DATA OR PROFITS, ARISING OUT OF
OR IN ANY WAY CONNECTED WITH THE USE OR PERFORMANCE OF ANY INFORMATION OR CONTENT INCLUDED IN OR AVAILABLE
THROUGH THIS WEB SITE, OR OTHERWISE ARISING OUT OF THE USE OF SUCH INFORMATION OR CONTENT, WHETHER BASED ON
CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY OR OTHERWISE, EVEN IF NEFE OR ANY OF ITS SUPPLIERS HAS BEEN ADVISED
OF THE POSSIBILITY OF DAMAGES. BECAUSE SOME STATES/JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF
LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, THE ABOVE LIMITATION MAY NOT APPLY TO YOU. IF YOU ARE
DISSATISFIED WITH ANY PORTION OF THE INFORMATION OR CONTENT INCLUDED IN OR AVAILABLE THROUGH THIS WEB SITE, OR
WITH ANY OF THESE TERMS OF USE, YOUR SOLE AND EXCLUSIVE REMEDY IS TO CEASE USE OF THE INFORMATION AND
CONTENT.

INDEMNITY
You agree to indemnify and hold harmless NEFE and its affiliates, officers, directors, agents and employees against any and all any and all
liabilities, losses, actions, damages or claims (including legal fees and expenses) arising out of or relating to the Content, any work based on,
derived from, or incorporating any portion of the Content, or any copying, modification, distribution, use of or reliance on the Content or any work
based on, derived from, or incorporating any portion of the Content.

SEVERABILITY
Any clause of this Content License Agreement declared invalid shall be deemed severable and shall not affect the validity or enforceability of the
remainder.

GOVERNING LAW
Interpretation and enforcement of this Content License Agreement and are governed by the laws of the State of Colorado, excluding the
application of its conflicts of law rules.