Service Agreement

Please, do carefully read the Terms & Conditions of this Agreement before registering to an IQN on-line Service (hereafter "the Service"). By continuing to access and use the Service, you confirm YOUR ACCEPTANCE OF ANY AND ALL TERMS AND CONDITIONS OF THIS AGREEMENT.

Definitions:

The terms used in this Agreement are defined as follows:

Agreement
: this Agreement, as it may be amended at any time by IQN.

Fees: the fees charged by IQN for the supply of the Service provided under this Agreement, as well as any other charges mentioned in clause 5.

Information: the information, in whatever form, contained in the Service, which includes the Sources' data.

IQN: IQN Data Solutions Private Limited and any company or Subsidiary of the IQN group of companies.

Service: The information service supplied by IQN under this Agreement.

Source: any exchange and/or other data provider, whose Information is contained in the Service.

1 - Your Consent to the Agreement

You represent that:

a) You have read this Agreement
b) You agree to be legally bound by the terms and conditions of this Agreement
c) These terms and conditions represent a valid agreement between yourself and IQN in relation to the access and use of the Service.

2 - Use of the Service

2.1 IQN grants you a non-exclusive and non-transferable right to access and use the Service and the Information contained therein.

2.2 You undertake to use the Service and the Information solely for your own individual and non-commercial use and benefit. In particular, you shall not make available, transfer, distribute or resell, directly or indirectly, with or without charge, any Information contained in the Service to any other person or entity. You further agree not to use, transfer, distribute or dispose of any Information contained in the Service in any manner that could compete with the business of IQN, its Sources or other suppliers.

2.3 IQN will not supply- and you will not use the Service in breach of any applicable laws, regulations or market conventions.

2.4 The Service and the Information contained therein may not be stored and used to construct a database of any kind.

2.5 You may not use the Service or the Information in any way to improve the quality of any data sold or contributed by you to any third party.

2.6 You acknowledge that the Sources have rights in the Information they supply and you agree to comply with any conditions imposed on the use, access, storage or redistribution of Information by the relevant Sources. You may be required to enter into separate agreements with Sources and hereby undertake to comply with their terms and to perform any and all obligations resulting from said agreements.

2.7 The conditions contained in this Agreement regarding the use of Information also apply to manipulated and/or stored Information.

2.8 You must not allow any third party to use your personal identifier to access the Service.

2.9 On termination of this Agreement, your right to use the Service or any contained Information or software will cease and you will erase or destroy any such Information or software.

2.10 In addition to the provisions of this Agreement, you agree to use the Service in accordance with any manuals, guides or technical specifications relating to the Service, as well as with any recommendation that IQN may make from time to time.

3 - Intellectual Property

3.1 You acknowledge that the Service is protected by copyrights, trademarks, service marks, and/or other proprietary rights, and that any and all individual elements making up the Service, including the Information, are also copyrighted works.

3.2 You agree to abide by all applicable copyright and other laws, as well as any additional copyright notices or restrictions contained in the Service.

3.3 You will not acquire any intellectual property rights in the Service or any of its components, and all intellectual property rights in the Service, including without limitation copyright and database rights, shall remain the property of IQN or its Sources and other suppliers.

3.4 You will not remove, conceal, use or amend any copyright, trademark or other proprietary notice incorporated in the Service.

4 - Changes - Support

4.1 You accept that IQN retains control over the form and content of the Service and has the right to change them at any time and at its sole discretion. You further accept that such changes may result in your being unable to access the Service without updating your system. In particular, IQN shall be entitled to modify the transmission and delivery times, the transmission speeds, the delivery protocols, the data format and the contents of the Service. Where practicable, such modifications will be communicated to you within a reasonable timeframe (through the Service itself) if they involve expenditures for you or if they require you to make programming or system changes. Although any such changes will be your responsibility, IQN will assist by making available relevant documentation or specifications.

4.2 You acknowledge that the support for the Service can only be provided by e-mail. There will be no telephone or other support than e-mail. Should you encounter any problem or should you have a query about the Service, please, send an e-mail to: support@IQNnet.com or use the link to Ticker Tracker which you will find under Contact us.

5 - Fees and Payment

5.1 You will be responsible for the payment of the Fees applicable to the Service, as well as all other charges, including those for the communication facilities which enable you to access the Service, and any other applicable VAT, sales taxes or similar taxes.

5.2 IQN may adjust or change the basis of calculation of the Fees by giving you notice on or before the commencement of your next billing period. Such change will be effective on the first day of the next billing period. Following notice of an increase in the Fees, you may terminate your access to the Service. Termination of your access to the Service will take effect on the first day of the next billing period.

5.3 IQN will use reasonable endeavours to provide reasonable notice of any change to charges imposed by a third party but you agree that these may change without notice if a change is imposed on IQN by any such third party.

5.4 Payment for the Service shall be in accordance with the procedures set out on the IQN website. You acknowledge that you have read and understood these provisions and agree to be bound by them.

6 - Registration

6.1 As part of the registration process necessary to obtain access to the Service, you will select a user name and a password. You will provide IQN with certain registration information, all of which must be accurate and updated whenever modified.

6.2 You shall not (i) select a user name already used by another person or (ii) use a user name or password that IQN, in its sole discretion, deems offensive or inappropriate.

6.3 You shall be solely responsible for maintaining the confidentiality of your password. You shall immediately notify IQN at support@IQNnet.com of any known or suspected unauthorised use(s) of your account, or any known or suspected breach of security, including loss, theft, or unauthorised disclosure of your password or credit card information. You agree to co-operate with IQN on reasonable security investigations. You are solely responsible for all usage or activity on your IQN account, including but not limited to use of the account by any third party authorised by you to use your user name and password. Any fraudulent, abusive, or otherwise illegal activity may be grounds for termination of your account, in IQN's sole discretion.

7 - Disclaimer and Limitation of Liability

7.1 YOU EXPRESSLY AGREE THAT YOUR USE OF THE SERVICE IS AT YOUR SOLE RISK. ALTHOUGH IQN WILL USE ALL REASONABLE ENDEAVOURS TO ENSURE THE ACCURACY AND RELIABILITY OF THE SERVICE, NEITHER IQN, NOR ITS AFFILIATES, NOR ANY OF THEIR RESPECTIVE EMPLOYEES, AGENTS, SOURCES OR OTHER SUPPLIERS WARRANT THAT THE SERVICE WILL BE UNINTERRUPTED OR ERROR FREE, NOR DO THEY MAKE ANY WARRANTY AS TO THE RESULTS THAT MAY BE OBTAINED FROM THE SERVICE OR AS TO THE ACCURACY OR RELIABILITY OF THE CONTENT OR ANY INFORMATION PROVIDED THROUGH THE SERVICE.

7.2 THE SERVICE IS PROVIDED ON AN "AS IS" BASIS WITHOUT ANY WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO WARRANTIES AGAINST INTERFERENCE WITH YOUR ENJOYMENT OF THE SERVICE OR WARRANTIES OF MERCHANTABILITY, SATISFACTORY QUALITY, OR FITNESS FOR A PARTICULAR PURPOSE, OTHER THAN THOSE WARRANTIES WHICH ARE INCAPABLE OF EXCLUSION, RESTRICTION OR MODIFICATION UNDER THE LAWS APPLICABLE TO THESE TERMS.

7.3 You are reminded that the Internet is publicly accessible and liable to failure and delays and therefore IQN cannot guarantee the DELIVERY of messages over the internet, nor the security of IQN services using the internet. IQN is not responsible for any third party software being used by you in relation to this Service. IQN cannot be held liable for problems with telecommunications networks, computer viruses, unauthorised access or issues related to your security arrangements.

7.4 You are responsible for ensuring that your computer environment is properly prepared to receive any download of software from the IQN website. IQN does not guarantee that any software will perform satisfactorily with any hardware or software used by you. You agree that IQN will not be responsible for any reduced performance, damage or loss (including loss of data) which is due to your adding to or accessing any software downloaded from the IQN website in conjunction with any system, software, data or equipment.

7.5 TO THE EXTENT PERMITTED BY LAWS APPLICABLE TO THESE TERMS, IN NO EVENT SHALL IQN OR ANY OF ITS AFFILIATES, EMPLOYEES, AGENTS, SOURCES OR OTHER SUPPLIERS BE LIABLE FOR ANY LOSS OR DAMAGES INCURRED BY YOU OR ANY THIRD PARTY INCLUDING WITHOUT LIMITATION DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR PUNITIVE DAMAGES (INCLUDING, WITHOUT LIMITATION, LOSS OF DATA, ECONOMIC LOSS OR LOST PROFITS) ARISING OUT OF THE USE OF OR INABILITY TO USE THE SERVICE, UNLESS CAUSED BY IQN GROSS NEGLIGENCE OR WILFULL MISCONDUCT (IN WHICH CASE THE LIABILITY SHALL NOT EXCEED THE TOTAL AMOUNT YOU HAVE PAID TO IQN OVER THE 12 MONTHS PRECEDING THE EVENT).

7.6 You agree that this clause 7 is enforceable by and to the benefit of Sources and other suppliers.

8 - Representations and Warranties

8.1 You represent and warrant that (a) you have the power and authority to enter into this Agreement; (b) you are over eighteen (18) years old; and (c) you will use the Service only as set forth in this Agreement.

8.2 IQN represents that:

(i) it will supply the Service in a professional way, using the care that can be reasonably expected for this type of business, and in accordance with the practices and policies which are commonly applicable in the information services industry; and
(ii) it is duly empowered to supply the Information and Service to you for the purposes specified in this Agreement and the Service and its use in accordance with this Agreement will not infringe any intellectual property rights of any third party.

9 - Indemnification

9.1 You agree to indemnify IQN and its Sources and other suppliers for any losses, damages, costs, claims or expenses they suffers as a result of your breach of this Agreement or as a result of your use of the Service, including use of the Service by someone who is not authorised to do so.

9.2 You agree that this clause 9 is enforceable by and to the benefit of Sources and other suppliers.

10 - Term and Termination

10.1 This Agreement will take effect from the date of your registration and will continue for the term you have chosen upon registration, i.e. 1 month, 3 months or one year. Should you select the 10-day trial option, this Agreement will apply during the trial period.

10.2 Unless you select the automatic renewal option while registering or renewing the Service, or unless you manually renew the Service, the latter will automatically expire at the end of the chosen term.

10.3 Otherwise, you may terminate the Service by going through the "cancel your subscription" procedure contained in the "subscriber's corner" page to be found in the "on-line services" section of the IQNnet.com website.

10.4 Either you or IQN may terminate the Service with or without cause at any time and, subject to clause 10.5, the cancellation may only be effective at the end of the then current billing period.

10.5 IQN may terminate or suspend your access to the Service or any part, immediately (i) if you are in material breach of any of this Agreement and you fail to remedy such breach (if capable of remedy) within 10 days of IQN requesting that you do so, or (ii) if IQN is prohibited from selling to you.

10.6 In relation to any termination which occurs before the end of a billing period you shall still pay Fees to the end of the billing period and you will be responsible for all charges incurred up to the time your account is terminated. No refund will be made for advance payments.

10.7 Upon termination by you or upon notice of termination by IQN, you must destroy promptly all materials obtained from the Service and any copies thereof.

10.8 All provisions hereunder which are capable of subsisting shall survive any termination of this Agreement.

11 - General

11.1 Subject to the laws applicable to it, this Agreement constitutes the entire agreement between you and IQN relating to the Service.

11.2 If any provision of this Agreement is found invalid or unenforceable, that provision will be enforced to the maximum extent permissible and the validity or enforceability of the remainder will not be affected.

11.3 Delay or failure by either party in enforcing this Agreement at any time will not constitute a waiver by that party of its rights or remedies.

11.4 IQN may modify this Agreement at any time by notifying you of any changes by e-mail. Any such changes will be effective from 24 hours after emailing by IQN.

11.5 You may not assign any of your rights and obligations under this Agreement or any part thereof and any assignment made by you shall be ineffective. You agree that IQN may assign any or all of its rights and obligations to a member of the IQN group of companies.

11.6 Any e-mail which IQN sends you in respect of the Service shall be deemed effective within 24 hours.

11.7 This Agreement shall be governed by the laws of India. Both parties agree to submit to the non-exclusive jurisdiction of the Mumbai courts.