This Agreement governs your access to the TIPS, LLC. ("TIPS") fixed income calculator and is legally binding. By indicating your acceptance below, you confirm that you have read this agreement and agree to all of the terms contained herein. If you do not accept and agree to everything contained in this agreement, do not continue to use this TIPS fixed income calculator. YOUR CONTINUED USE INDICATES YOUR ACCEPTANCE OF AND AGREEMENT TO THE FOLLOWING TERMS AND CONDITIONS .

The fixed income calculator is owned by TIPS and protected by copyright and other applicable laws. Copying of the fixed income calculator is strictly prohibited. It is based on software produced for Securities Industry Association and The Bond Market Association by TIPS.

TIPS makes no warranties of any nature or kind, whether expressed or implied, regarding the service and access provided by the fixed income calculator, the continued operation of the fixed income calculator, the equipment and facilities used for this site and their capacities, the accuracy of any calculations performed using the fixed income calculator, and the suitability or operability of the fixed income calculator. The fixed income calculator performs calculations based on the information entered by the individual, and is intended only to assist the individual in evaluating alternatives. It does not replace the professional judgement of investors and their advisors with regard to specific investment decisions.

TIPS SPECIFICALLY DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE FIXED INCOME CALCULATOR. YOU ASSUME ALL RISK IN USING THE FIXED INCOME CALCULATOR. IN NO EVENT WILL TIPS BE LIABLE FOR YOUR INABILITY TO ACCESS THE FIXED INCOME CALCULATOR OR FOR ANY SPECIAL, DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL, EXEMPLARY AND/OR PUNITIVE DAMAGES YOU SUFFER, EVEN IF SUCH DAMAGE IS CAUSED BY MISTAKE, OMISSION, WILLFUL ACTION, INTERRUPTION, DEFECTS, DELAYS IN OPERATION OR TRANSMISSION, OR FAILURE OF EQUIPMENT AND/OR PERFORMANCE.

YOU AGREE TO INDEMNIFY TIPS, THE SECURITIES INDUSTRY ASSOCIATION AND THE BOND MARKET ASSOCIATION, AND HOLD TIPS, THE SECURITIES INDUSTRY ASSOCIATION AND THE BOND MARKET ASSOCIATION HARMLESS FROM AND AGAINST ANY CLAIM ARISING FROM YOUR USE OF THE FIXED INCOME CALCULATOR IF SUCH USE CAUSES DAMAGE TO ANY THIRD PARTY.

NEITHER SIA NOR THE BOND MARKET ASSOCIATION MAKE ANY WARRANTIES, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE FIXED INCOME CALCULATOR.

Information about the calculations performed using this fixed income calculator is available to the systems operators and may be analyzed by the web site operator for any reason whatsoever, including but not limited to statistical and other analyses of the use of the fixed income calculator and the performance of the web site.