READ THE FOLLOWING AGREEMENT BEFORE OPENING THIS ENVELOPE

End User License Agreement
For Trade Simulator Software

NOTICE TO USER:  BY OPENING THIS PACKAGE YOU ACCEPT ALL THE TERMS AND 
CONDITIONS OF THIS AGREEMENT. If you do not agree with the terms and 
conditions of this Agreement, return the package UNOPENED, to TradeWare.  

The files in this package are collectively referred to as the "Software."  
In return for acquiring a license 
to use the Software and documentation,  you agree to the following terms and 
conditions.

1.  Scope of Use.  You may use Trade Simulator on a single central processing 
unit. You may not use Trade Simulator on a multi-user system.  If you need to 
use Trade Simulator on more than one Licensed System, you need to upgrade to a 
multi-system license.

2.  Proprietary Rights and Obligations.  The structure and organization of the 
Software are the valuable property of TradeWare and its suppliers. You will not make or have made, 
or permit to be made, any copies of the Software, documentation, or any 
portions thereof, except one (1) copy solely for backup purposes or such 
copies as are necessary for the installation of the Software in accordance 
with the terms of this Agreement.  Any such copies of the Software shall 
contain the same proprietary notices which appear on or in the 
Software.  You agree not to modify, adapt, translate, reverse engineer, 
decompile, disassemble or create derivative works based on the Software. 
Trademarks shall be used in accordance with accepted trademark practice, 
including identification of trademark owner's name.  Trademarks can only be 
used to identify printed output produced by the Software.

3.  Assignment.  You may assign your rights under this Agreement to a third 
party who agrees in writing to be bound by this Agreement prior to the 
assignment provided that you 
transfer all copies of the Software and related documentation to the third 
party or destroy any copies not transferred. Except as set forth above, you 
may not assign your rights under 
this Agreement.  You agree that the Software will not be shipped, transferred, 
or exported into any country or used in any manner prohibited by the United 
States Export Administration Act.

4.  Term.  The license is effective until terminated.  TradeWare has the right 
to terminate your license immediately if you fail to comply with any term of 
this Agreement. Upon any 
such termination you will destroy the original and any copies of the Software 
and related documentation and cease all use of the trademarks.

5.  Warranty.  TradeWare warrants that the magnetic computer disks supplied 
herewith will be free from defects in material and workmanship. In the event 
of any defects, TradeWare agrees to supply to the buyer, at no charge, a 
duplicate magnetic disk.

6.  Limit of Liability. 

 (a) TradeWare's LIABILITY ON ANY CLAIM OF ANY KIND, INCLUDING NEGLIGENCE, FOR 
ANY LOSS OR DAMAGE ARISING OUT OF, CONNECTED WITH OR 
RESULTING FROM THE SALE, USE OR PERFORMANCE OF THESE COMPUTER PROGRAMS, OR 
FROM THE DESIGN, MANUFACTURE, SALE, DELIVERY, RESALE, TECHNICAL DIRECTION OF 
INSTALLATION, INSPECTION, REPAIR OR OPERATION OF THE COMPUTER PROGRAMS 
FURNISHED HEREWITH 
SHALL IN NO CASE EXCEED THE PRICE ALLOCABLE TO SUCH COMPUTER PROGRAMS, AND 
SHALL TERMINATE ONE YEAR AFTER DELIVERY OF SUCH 
PROGRAMS TO THE BUYER. 

 (b) IN NO EVENT, WHETHER AS A RESULT OF BREACH OF CONTRACT OR WARRANTY OR 
ALLEGED NEGLIGENCE, SHALL TradeWare BE LIABLE FOR ANY 
SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES INCLUDING, COMPUTER PROGRAMS OR 
ANY ASSOCIATED EQUIPMENT, COST OF CAPITAL, COST 
OF SUBSTITUTE EQUIPMENT, FACILITIES OR SERVICES, DOWN TIME COSTS, OR OTHER 
CLAIMS OF THE BUYER, EVEN IF TradeWare SHALL HAVE BEEN 
ADVISED OF THE POSSIBILITY OR LIKELIHOOD OF SUCH POTENTIAL LOSS OR DAMAGE.

(c) The buyer is hereby advised by TradeWare that the computer programs are 
furnished for the buyer's information only.  Investment in commodities is a 
SPECULATIVE MATTER which involves SUBSTANTIAL RISKS to the investor. Each 
investor is cautioned that TradeWare does not hereby render any advice on how 
to use or analyze systems or data.  TradeWare  DOES NOT ASSUME ANY 
RESPONSIBILITY FOR CUSTOMER USE OF THE SYSTEMS, AND URGES EACH CUSTOMER TO 
CAREFULLY CONSIDER THE SIGNIFICANT RISKS WHICH ATTEND ANY SPECULATIVE 
INVESTMENT.  YOU SHOULD CONSIDER YOUR GOALS AND FINANCIAL CONDITION PRIOR TO 
COMMITTING YOUR FUNDS TO ANY INVESTMENT STRATEGY.  TradeWare ASSUMES 
NO LIABILITY FOR ANY INVESTMENT DECISIONS, BASED ON STUDIES CONTAINED IN THIS 
SOFTWARE, MADE BY YOU.
