IMPORTANT – READ CAREFULLY: This License Agreement is issued to you, and documents the transfer of the product license(s) listed below pursuant to your company’s volume licensing agreement with Paperless Trail Inc. (PTI). The License Agreement is a legal agreement between you and Paperless Trail Inc. (PTI). For purposes of this License Agreement, the term “Software Product” shall mean the product(s) identified in Section 1 below, and the term “License” shall mean the right to make, use or access a particular copy of the Software Product. The Software Product is protected by copyright laws and international copyright treaties, as well as other intellectual property laws and treaties. The Software product is licensed, not sold. By signing below and installing, copying, or otherwise using the Software Product, you agree to be bound by the terms of this License Agreement. SOFTWARE PRODUCT LICENSE 1. GRANT OF LICENSE Licensor hereby grants you the right to use one copy of the version number of the Software Product. Your right to use each Software Product shall be governed by and subject to the relevant section(s) of the most current product use rights as set forth in you company’s volume licensing agreement with PTI. A copy of such terms is attached to and incorporated by reference into this License Agreement. 2. DESCRIPTION OF OTHER RIGHTS AND LIMITATIONS a. Limitations on Reverse Engineering, Decompilation, and Disassembly. You may not reverse engineer, decompile, or disassemble the Software Product, except and only to the extent that such activity is expressly permitted by applicable law notwithstanding this limitation. b. Separation of Components. The Software Product is licensed as a single product. Its component parts, if any, may not be separated for use on more than one computer unless expressly stated otherwise in the License Agreement term. c. Rental. You may not rent, lease, or lend the Software Product. d. Software Transfer. Notwithstanding any terms to the contrary in your company’s volume licensing agreement with PTI, you may not sell, assign or otherwise transfer your rights under this License Agreement. In view of the fact that you have acquired the right to use the Software Product under special terms pursuant to your company’s volume licensing agreement with PTI, any transfer of your rights under this License Agreement is strictly prohibited. e. Termination. Without prejudice to any other rights, PTI may terminate this License Agreement if you fail to comply with the terms and conditions of this License Agreement. In such event, you must destroy all copies of the Software Product and all of its component parts. 3. UPGRADES If the Software Product is labeled as an upgrade, you must be properly licensed to use a product identified by PTI as being eligible for the upgrade to use the Software Product. A Software Product labeled as an upgrade replaces and/or supplements the product that formed the basis for your eligibility for the upgrade. You may use the resulting upgrade product only in accordance with the terms of this License Agreement. If the Software Product is an upgrade of a component of a package of software programs that you licensed as a single product, the Software Product may be used only as part of that single product package and may not be separated for use on more than one computer. 4. COPYRIGHT All title and copyrights in and to the Software Product (including but not limited to any images, photographs, animations, video, audio, music, text, and “applets” incorporated into the Software Product), and any copies of the Software Product are owned by PTI. The Software Product is protected by copyright laws and international treaty provisions. Therefore, you must treat the Software Product like any other copyrighted material except that you may install the Software Product on a single computer provided you keep the original solely for backup or archival purposes. 5. APPLICABLE LAW This Agreement shall be construed and enforced in accordance with the laws of the Philippines and each party agrees to be subject to those relevant laws. 6. LIMITED WARRANTY LIMITED WARRANTY: PTI warrants that (a) the Software Product will perform substantially in accordance with the applicable user documentation published by PTI for a period of ninety (90) days from the date you first acquired the Software Product, and (b) any Support Services provided by PTI shall be substantially as described in the applicable user documentation published by PTI, and PTI Technical Support and Developers will make commercially reasonable efforts to solve any problem issues. CUSTOMER REMEDIES: PTI and your company’s entire liability and your exclusive remedy shall be, at PTI’s option, either (a) your company’s return to you of the price paid, if any, or (b) their replacement of the Software Product that does not meet PTI’s Limited Warranty and which is returned to your company with a copy of your receipt. This Limited Warranty is void if failure of the Software Product has resulted from accident, abuse or misapplication. Any replacement Software Product will be warranted for the remainder of the original warranty period or thirty (30) days, whichever is longer. If the media on which the Software Product has been distributed to you fails, you should return the Software Product to your company with a copy of the receipt any time prior to the expiration of the ninety (90) day warranty period for (a) refund of the price paid, if any, or (b) replacement of the flawed media. NO OTHER WARRANTIES. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, PTI DISCLAIM ALL OTHER WARRANTIES AND CONDITIONS, EITHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NON-INFRINGEMENT, WITH REGARD TO THE SOFTWARE PRODUCT, AND THE PROVISION OF OR FAILURE TO PROVIDE SUPPORT SERVICES. THIS LIMITED WARRANTY GIVES YOU SPECIFIC LEGAL RIGHTS. LIMITATION OF LIABILITY. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL PTI BE LIABLE FOR ANY SPECIAL, INCIDENTAL, INDIRECT, OR CONSEQUENTIAL DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF BUSINESS PROFITS, BUSINESS INTERRUPTION, LOSS OF BUSINESS INFORMATION, OR ANY OTHER PECUNIARY LOSS) ARISING OUT OF THE USE OF OR INABILITY TO USE THE SOFTWARE PRODUCT OR THE PROVISION OF OR FAILURE TO PROVIDE SUPPORT SERVICES, EVEN IF PTI HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.