TFS-ICAP Inc. and all other TFS-ICAP offices around the globe ("TFS-ICAP")
offers you access to this web site based strictly on the terms contained in
this Agreement. Your User ID and password is for your exclusive use only and
should not be shared with any other parties. TFS-ICAP may modify this
Agreement at any time and any amended terms are effective immediately upon
posting on this site. You should, therefore, review this Agreement from time
to time. Your access and use of this web site after the effective date of
any amended term means that you have accepted the amended term. This
Agreement cannot be otherwise amended except in a writing signed by both you
and TFS-ICAP.

I. COPYRIGHT & TRADEMARKS:
All of the content included on this web site, including the text, graphics, logos, icons, screens and configurations, is the property of TFS-ICAP or its licensors and is protected by U.S. and international copyright and trademark laws. All software used on this web site is the property of TFS-ICAP or its software suppliers and is also protected by U.S. and international copyright laws. You do not acquire any ownership rights by printing or downloading any information or by accessing or using this web site. Any use of the content or software on this web site other than for the express purpose provided, including reproducing, modifying, distributing, transmitting, replicating or public exhibition is strictly prohibited.

II. ACCURACY OF INFORMATION:
While TFS-ICAP takes reasonable steps to review the information contained on this web site for accuracy and timeliness, TFS-ICAP makes no warranties or assurances that all information contained on this site is accurate or complete and TFS-ICAP disclaims any such warranties or assurances. You rely on any information contained on this site at your own risk. TFS-ICAP reserves the right to modify or update any information contained on this site without notice to you. However, this reservation of right does not create any duty or obligation on the part of TFS-ICAP to modify or update any information contained on this site.

III. PRIVACY:
All information you provide in accessing and using this web site may be used by TFS-ICAP as described in our Privacy Statement, which is hereby incorporated into this Agreement.

IV. SUBMISSION OF YOUR INFORMATION:
Should you choose to provide information to TFS-ICAP, including without limitation in the form of an e-mail message or attachment, you represent and warrant that you are 18 years of age or older and that all the information you are providing, including your e-mail address, is accurate, current and complete.

V. LINKS:
As a convenience, this web site contains links to other Internet sites that are owned and operated by parties other than TFS-ICAP. By offering you these links, TFS-ICAP is not endorsing any of the other sites. TFS-ICAP exercises no control over third party sites and has no responsibility for any of the content or information contained on such sites. You access linked sites at your own risk.

VI. EXPORT RESTRICTIONS:
United States export laws and regulations restrict the exportation and/or re-exportation, through downloading or otherwise, into certain embargoed countries, including Cuba, Iraq, Libya, North Korea, Iran and Syria. By downloading from this web site, you are representing that you are not located in any of the prohibited countries.

VII. DISCLAIMERS:
THIS WEBSITE IS PROVIDED BY TFS-ICAP ON AN "AS IS" BASIS AND THE USE OF THIS WEB SITE IS ENTIRELY AT YOUR OWN RISK. TFS-ICAP MAKES NO REPRESENTATIONS OR WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, AS TO THE OPERATION OF THE SITE, THE ACCURACY OR COMPLETENESS OF THE INFORMATION, CONTENT, MATERIALS OR SERVICES CONTAINED ON THIS SITE, INCLUDING ANY IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE AND THE STATUTORY WARRANTY AGAINST NON-INFRINGEMENT. NO ORAL ADVICE OR WRITTEN INFORMATION GIVEN BY TFS-ICAP OR ITS EMPLOYEES OR REPRESENTATIVES, WILL CREATE A WARRANTY AND YOU MAY NOT RELY ON ANY SUCH INFORMATION OR ADVICE. This Section shall survive any termination of this Agreement.

VIII. LIMITATION OF LIABILITY:
NEITHER TFS-ICAP NOR ANY OF ITS REPRESENTATIVES, AFFILIATES, LICENSORS OR CONTENT PROVIDERS SHALL BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL OR CONSEQUENTIAL DAMAGES ARISING OUT OF THE USE OF THIS WEB SITE OR RELIANCE ON ANY INFORMATION CONTAINED ON THIS WEB SITE. This Section shall survive any termination of this Agreement.

IX. INDEMNIFICATION:
You agree to indemnify TFS-ICAP and its officers, directors, owners, independent contractors, employees, agents and affiliates for and from any loss (including costs and attorney fees) by reason of, in any way relating to, or arising out of: (a) your use of this web site and any violation of any law, rule or regulation arising out of such use; (b) any misuse of information, including email addresses and email content arising out of or relating to your use of this web site; and/or (c) any violation of this Agreement.

X. APPLICABLE LAW AND JURISDICTION:
This Agreement shall be construed and governed by the laws of the State of New York, United States of America and not by the application of choice of law principles or the laws of any other state or country. You agree that the federal and state courts located in New York shall have exclusive jurisdiction and venue over any action brought to enforce the rights and obligations in or arising from this Agreement and each of the parties irrevocably submits to the jurisdiction of such courts.

XI. ENTIRE AGREEMENT; NON-SEVERABILITY:
This Agreement constitutes the entire agreement between you and TFS-ICAP and supercedes all prior agreements and understandings, whether written or oral, with respect to the subject matter of this Agreement. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction or other authority to be invalid, void, unenforceable or against public policy, the remainder of this Agreement shall remain in full force and effect and the unenforceable portion will be construed in accordance with applicable law as nearly as possible to reflect the original intentions of the parties.

TFS-ICAP PRIVACY STATEMENT

TFS-ICAP (the "Company") respects the privacy interests of visitors to this web site. The Company is committed to providing you with a secure web site environment. This Privacy Statement describes the nature of that respect and commitment by detailing the types of the personal information that we collect, the uses we make of that information, and related information regarding your ability to access, correct, and request deletion of any personal identifying information you choose to give us.

I. INFORMATION COLLECTED:
When submitting feedback, your curriculum vitae or other information to the Company via this site, you are asked to provide specific identifying information, including without limitation a valid e-mail address.

II. USE OF YOUR INFORMATION:
Identifying information may be used for general statistical analyses of the use of our site, to improve the content of our site and offerings, and to customize our site to better meet your needs. We may use and disclose your personal identifying information in a number of ways related to your use of this web site. The Company and its affiliates may, from time to time, use your personal identifying information in connection with sending you specific, targeted information in which you have expressed interest or which the Company believes would be of interest to you. We also may use aggregated information, which does not identify you personally, for marketing, promotional and other business purposes.You may opt out of receiving special offers, promotions or mailings at any time. The Company will not sell our contact list or provide your personal identifying information to any non-affiliated person or entity in the ordinary course of our business, although the Company expressly reserves the right to transfer such information in connection with a change in ownership of the Company or its assets.The Company may employ third parties who perform various services with respect to this web site. Your personally identifying information is made available to these third party service suppliers strictly for use in connection with the services being performed on behalf of this web site.The Company may also disclose information as described below under the heading "Security".

III. ACCESS, CORRECTION AND DELETION:
If you want to see the personal information we have collected about you from this web site or if you believe any information we have is incorrect and you wish to correct it, please write to the Company at the address given at the end of this Privacy Statement. If the Company changes or deletes information in response to your request, we will not then continue to use it; however, some residual information may remain in backup records or records of deletions.

IV. SECURITY:
The Company uses efforts consistent with sound industry practice, such as firewalls and encryption, to safeguard the confidentiality of your personal identifying information. Given the nature of the Internet, however, the Company cannot and does not ensure complete security. The Company shall not be responsible for any breach of security or for the actions of any other person or entity. Hackers pose a threat to any Internet user, and the legal and regulatory status of matters on the Internet is uncertain both in the United States and abroad. For these reasons, the Company cannot and does not guarantee that all of your personal identifying information will never be disclosed in ways you do not expect or which are not described in this Privacy Statement. We will make commercially reasonable efforts to see that your information is treated in compliance with this Privacy Statement.The Company cooperates with law enforcement inquiries, we obey court orders, and we honor subpoenas and other legal process. Your personal identifying information may be disclosed if we are compelled by law or legal process to disclose it. We may also disclose such information if we determine, in our sole discretion, that disclosure would be useful in connection with investigating possible non-compliance either with the law or with any TFS-ICAP policy, including our Terms of Service or this Privacy Statement.

V. CHILDREN:
Children under 18 should not send any information about themselves to us, including information like your name, address or e-mail address. The Company does not knowingly collect personally identifying information from children under the age of 18. In the event that we learn that we have collected such information from a child under 18, the information will be deleted from our database as soon as reasonably possible.

VI. CHANGES IN PRIVACY STATEMENT AND WEBSITE MAINTENANCE:
As our business grows and changes, and as technology and Internet use and practices change, the Company may, from time to time, determine that changes in its policies, including this Privacy Statement, are prudent. If any such changes are made, they will be posted on this web site. Therefore you should review this Privacy Policy and other policies posted on this web site for potential changes when you return to the site for future visits.

This Site is owned and maintained by TFS-ICAP 17 State Street 41st floor New York, NY 10004. Please send your questions or comments to us at this address, Attention: Webmaster or via e-mail: info@tfsicap.com