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Franklin
Templeton Investments Website Terms
of Use Agreement
This Terms of Use Agreement was last
updated as of 20 February 2008
This Terms of Use
Agreement is a binding contract between
you and Franklin Templeton Investments.
It governs your use of this website
and all products, services, content,
tools and information available through
the website. By using or accessing
this website, you accept and agree
to be bound by these Terms of Use.
If you do not agree with the terms
and conditions of the Terms of Use
Agreement, you are not granted permission
to access or otherwise use this website.
TABLE
OF CONTENTS
-
Acceptance
of the Terms of Use and any Amendments
-
Site
Sponsor
-
Information
for non-Singapore Investors
-
Authorized
Use, Users and Online Account
Access
-
Prohibited
Uses and Means of Access
-
Fund
Prospectus Offer, Performance,
and Investment Risks
-
Privacy,
Personal Information Transmission,
Unsolicited Communications and
Usage Monitoring
-
Copyright,
Trademark and other Intellectual
Property Rights
-
Linking
and Logo Use Policies
-
Third
Party Content Providers, Sites,
Referrals and Disclaimers
-
Disclaimers
-
Limitation
of Liability
-
Indemnification
-
Governing
Law, Forum, Severability, and
Miscellaneous
-
Termination
Acceptance of the Terms
of Use and any Amendments
This Terms of Use
Agreement (the "Terms of Use") states
the terms and conditions under which
you may use the website located at
franklintempleton.com.sg and all products,
services, content, tools, and information
available through the website (referred
to collectively as the "Site" or the
"Site Content"). Please read the
Terms of Use carefully. By accessing,
browsing and/or using this Site, you
acknowledge that you have read, understood
and agree to be legally bound by the
Terms of Use.
These Terms of Use
are in addition to any other agreements
between you and us, including any
customer or account agreements, and
any other agreements that govern your
use of Franklin Templeton's or any
third party's (companies not affiliated
with us) products, services, content,
tools, and information available on
this Site.
Your use of this
Site is governed by the version of
the Terms of Use in effect on the
date this Site is accessed by you.
We reserve the right to change the
Site and the Terms of Use at any time,
without notice. The date of any amendment
will be shown in the Table of Contents.
If you use the Site after the amended
Terms of Use have been posted, you
will be deemed to have agreed to the
Terms of Use, as amended.

Site Sponsor
This Site is provided
as a service, and for informational
purposes only, by Franklin/Templeton
Distributors, Inc. and/or its affiliates
that are the Franklin Templeton Investments
corporate group of companies (collectively,
"Franklin Templeton" or "Franklin
Templeton Investments" or "we" or
"us") - it is not provided by any of the funds managed by Franklin Templeton.
Franklin Resources,
Inc. [NYSE: BEN] is a global investment
organization operating as Franklin
Templeton Investments. Through various
Franklin Templeton entities, Franklin
Templeton Investments provides global
and U.S. investment, shareholder and
distribution services to the Franklin,
Templeton and Mutual Series Funds
and institutional accounts, as well
as separate account management services.

Information for Non-Singapore
Investors
This Site is intended
for Singapore investors ONLY and is
expressly not intended for residents
of the United States. If you are not
Singapore investors, please visit
our international websites
link for assistance with products
and services legally available in
your place of residence.
Nothing on this Site
shall be considered a solicitation
to buy or an offer to sell a security,
or any other product or service, to
any person in any jurisdiction where
such solicitation, offer, purchase
or sale would be unlawful under the
laws of that jurisdiction, in particular
certain selling restriction in Asian
countries. IF YOU ARE IN ANY DOUBT
about any of the selling restrictions,
please consult your stock broker,
lawyer, accountant, bank manager or
other professional adviser.

Authorized Use, Users
and Online Account Access
Personal
use. This Site is intended
only for your personal, non-commercial
use, unless you and we have agreed
otherwise in writing.
Singapore
investors use only. This Site
is intended for Singapore investors
only. If you choose to access this
Site from locations outside of Singapore
and in particular, from locations
in the United States, you do so at
your own initiative and risk, and
are responsible for compliance with
all applicable laws.
Your
online account access. If you
maintain an account that you access
through this Site, you are solely
responsible for maintaining the confidentiality
of your account and password (or Personal
Identification Number or PIN) and
for restricting access to your computer.
You agree to accept responsibility
for all activities occurring under
your account or password that are
due to your conduct, inaction, or
negligence. Notify us immediately
if you become aware of any disclosure,
loss, theft or unauthorized use of
your password.
No
solicitations. Nothing on this
Site shall be considered a solicitation
to buy or an offer to sell, or a recommendation
for, a security, or any other product
or service, to any person in any jurisdiction
where such solicitation, offer, recommendation,
purchase or sale would be unlawful
under the laws of that jurisdiction.
No
investment recommendations or professional
advice; use of tools. This
Site is not intended to provide any
tax, legal, insurance or investment
advice, and nothing on the Site should
be construed as a recommendation,
by us or any third party, to acquire
or dispose of any investment or security,
or to engage in any investment strategy
or transaction. While certain tools
available on the Site may provide
general investment or financial analyses
based upon your personalized input,
such results are not to be construed
as our providing investment recommendations
or advice. Unless otherwise specified,
you alone are solely responsible for
determining whether any investment,
security or strategy or any other
product or service, is appropriate
or suitable for you based on your
investment objectives and personal
and financial situation. You should
consult an attorney or tax professional
regarding your specific legal or tax
situation.

Prohibited Uses and
Means of Access
Prohibited
Uses. Because all servers have
limited capacity and are used by many
people, you may not use the Site in
any manner that could damage or overburden
any Franklin Templeton server, or
any network connected to any Franklin
Templeton server. You may not use
the Site in any manner that would
interfere with any other party's use
of the Site.
Means
of Access. The Site is generally
intended to be viewed by a conventional
web browser with a screen resolution
of 640 by 480 pixels or greater, such
as Netscape Navigator 6.1 or Microsoft
Internet Explorer 5.5. Although you
may use other means to access the
Site, be aware that the Site may not
appear accurately through other access
methods, and you use them only at
your own risk. You are responsible
for setting the cache settings on
your browser to ensure that you are
receiving the most recent data. You
should not access the Site through
devices or services that are designed
to provide high-speed, automated,
repeated access, unless such devices
are approved by us.
Password
protected areas. Access to
and use of password-protected and/or
secure areas of the Site are restricted
to authorized users only. You may
not obtain or attempt to obtain unauthorized
access to such parts of our Site,
or to any other protected materials
or information, through any means
not intentionally made available by
us for your specific use. Unauthorized
individuals attempting to access,
or actually accessing, these areas
can be subject to criminal and/or
civil prosecution.

Fund Prospectus Offer,
Performance, and Investment Risks
Prospectus
Offer. For more information
on any of our funds offered in Singapore,
please contact your registered representative
(financial advisor) and obtain a prospectus
or download a prospectus,
which contains important information
about a fund's investment goals, sales
charges, expenses and risk considerations.
Please read the prospectus carefully
before you invest or send money.
Templeton Asset Management
Ltd
7 Temasek Boulevard
#38-03 Suntec Tower One
Singapore 038987
Fund
Performance. Investment return
and principal value for our Funds
will fluctuate with market conditions,
and you may have a gain or loss when
you sell your shares. The value of
the units in our Funds and the income
accruing to the units, if any, may
fall or rise. Past performance
does not guarantee future results.
Mutual funds, unit trusts, annuities
and any other investment products
are not deposits or obligations of,
or guaranteed by, any financial institution;
and are subject to risks, including
possible loss of the principal amount
invested.
Investment
Risks. All of the funds are
subject to certain risks. Generally,
investments offering potential for
higher returns are accompanied by
a higher degree of risk.
Stocks and other
equities representing an ownership
interest in a corporation have historically
outperformed other asset classes over
the long term but tend to fluctuate
more dramatically over the shorter
term. Bonds, and other debt obligations,
are affected by the creditworthiness
of their issuers and changes in interest
rates, with prices often declining
as interest rates increase. High yield,
lower rated ("junk") bonds generally
have greater price swings and higher
default risks. Foreign investing,
especially in developing countries,
has additional risks such as currency,
market volatility, and political and
social instability.
These risks, and
other risks that particular funds
may be subject to, such as specialized
industry sectors or use of complex
securities, are discussed in each
fund's prospectus.

Privacy, Personal Information
Transmission, Unsolicited Communications
and Usage Monitoring
Privacy
policy. For individual investors
of our Funds, please see our Privacy
Policy for a summary of the non-public
personal information that we may collect
and maintain about current or former
investors; our policy regarding the
use of that information; and the measures
we take to safeguard the information.
Personal
Information Transmission. Your
use of the Site may involve the transmission
of information, including personally
identifiable data, about you. You
consent to the transmission of such
information by electronic means through
the Internet and represent that such
consent shall be effective each time
you use the Site.
Unsolicited
communications. We welcome
your feedback about this Site and
may use it to improve the Site. Should
you provide unsolicited ideas, or
material of any kind ("Communications")
and we use it to develop or market
products, services, content, tools
or information, you agree that we
can do so without compensating you.
By providing us with such Communications,
you represent to us that you own all
rights to it.
Technically this
means that you hereby grant Franklin
Templeton a perpetual, worldwide,
royalty-free, irrevocable license
to edit, reproduce, disclose, transmit,
publish, broadcast, or post your Communications
either on the Site or elsewhere with
no liability or obligation to you.
Franklin Templeton is free to use
any ideas, concepts, know-how, or
techniques obtained in your unsolicited
Communications for any purpose including,
but not limited to, developing and
marketing products. Unless we state
otherwise on the Site or in our Privacy
Policy, any Communications that
you email or otherwise transmit through
the Site can be treated by us as non-confidential
and nonproprietary.
Usage
monitoring. We reserve the
right, but do not have the obligation,
to access, archive, or monitor any
use of this Site, or your use of this
Site and your Communications. By using
the Site, you accept our right to
access, archive, or monitor usage
to ensure service quality, or to evaluate
the Site, the security of the Site,
compliance with these Terms of Use,
or for any other reason. You agree
that our monitoring activities will
not entitle you to any cause of action
or other right with respect to the
manner in which we monitor your Site
usage and enforce, or fail to enforce,
these Terms of Use. You further agree
that in no event will Franklin Templeton
be liable for any damages incurred
by you as a result of our usage monitoring.

Copyright, Trademark
and other Intellectual Property Rights
You acknowledge that
this Site is protected by applicable
copyrights, trademarks, trade secrets,
patents, proprietary rights and other
intellectual property laws, and that
these worldwide rights are valid and
protected in all forms, media, and
technologies existing now or developed
in the future. Accordingly, you may
not copy, distribute, modify, post
or frame-in the Site, including any
text, graphics, video, audio, software
code, user interface design or logos,
except as explicitly authorized below
or by us in writing.
Permitted
uses. Franklin Templeton grants
you a non-exclusive, personal, non-transferable,
non-sublicensable, limited and revocable
right to access, use and display this
Site on any computers or other electronic
display device of which you are a
user, for your personal and non-commercial
use only (the "Permitted Uses").
You agree to use the Site only for
lawful purposes, for the Permitted
Uses, and not for the Prohibited Uses.
No other use of the Site is authorized
unless you and we have agreed otherwise
in writing. services.
You may print copies
of the Site's Content, provided that
these copies are made only for the
Permitted Uses and that you include
any notices and any legal information
contained in the Site Content, such
as all copyright notices, trademark
legends, or other proprietary rights
notices as well as all legal caveats
furnished in the footnotes or under
"Important Legal Information" as shown
on the screen or through a link. Limited
linking to the Site is permitted if
done in full compliance with all applicable
laws, these Terms of Use, our Linking
Policy and our Logo
Use Policy.
Prohibited
uses. You are prohibited from
any use of the Site that would give
rise to liability or otherwise violate
any applicable laws or regulations
or the Terms of Use. You may not publicly
perform, publicly display, transmit,
publish, participate in the sale or
transfer of, modify, or create derivative
works based on anything available
through the Site, in whole or in part.
You shall not store electronically
any significant portion of any part
of the Site. No reverse engineering,
linking, framing, or modification
of any part of this Site is allowed
without our written approval. Any
modification or unauthorized use is
a violation of Franklin Templeton's
copyrights and other proprietary rights.
Trademarks
and copyrights. Our trademarks
are listed in Franklin
Templeton Trademarks. Other company
product and service names and logos
used and displayed on this Site may
be trademarks or service marks owned
by others. Nothing on this Site should
be construed as granting any license
or right to use any of the Franklin
Templeton Trademarks or other trademarks
displayed on this Site without the
prior written permission in each instance
of Franklin Templeton and/or the owner(s)
of such other trademarks. All goodwill
generated from the use of the Franklin
Templeton Trademarks on any website
will inure to our benefit.
The Site also contains
text, software, graphics, images,
and other material protected by copyrights
or other proprietary rights and laws
(collectively, the "Proprietary Material"),
owned by Franklin Templeton or its
licensors. Any use of such Proprietary
Material other than as permitted herein
is expressly prohibited without the
prior permission of Franklin Templeton
and/or the relevant rights holder
in writing.
Copyright
Policy and Claims Procedure.
We reserve the right to remove from
our Site, any content that is alleged
to infringe someone's copyright. If
you reasonably believe that your copyrighted
work is accessible on this Site in
a way that constitutes copyright infringement,
please follow this procedure:
Franklin
Templeton Linking and Logo Use Policies.
Use of Franklin Templeton logos or
creating hyperlinks to our website
is prohibited unless authorized by
us in writing. You may, however, create
a link to our website that includes
our logo as long as you accept and
follow our Linking Policy
and Logo Use Policy
and such link, including logo, is
for your personal and non-commercial
use (unless we have agreed to other
terms in writing).
We are granting a
limited, revocable, nonexclusive and
nonexclusive right to create a hyperlink
to this Site under these policies,
and we may revise the Linking or the
Logo Use Policies, or withdraw these
permissions or your permission at
any time, without prior notice.

Linking Policy
-
May link only to:
- the home page of Franklin
Templeton's public site
(http://www.franklintempleton.com.sg)
-
Must clearly show that the link
is to the website of "Franklin
Templeton Investments."
-
May link to, but not replicate,
the Franklin Templeton Site, in
whole or in part, and the link
must maintain the integrity of
our layout, "look and feel," and
Site Content.
-
Must not "frame" or create a
browser or border environment
or advertising around any Franklin
Templeton Site Content.
-
Must not misrepresent its relationship
with Franklin Templeton (including
suggesting that Franklin Templeton
is sponsoring, endorsing, or affiliated
with it or its products and services).
-
Must not present false information
about or disparage, Franklin Templeton,
its products or services, or otherwise
tarnish or diminish the goodwill
in its name.
-
Must not contain content that
could be construed as illegal,
distasteful, offensive or controversial,
and should contain only content
that is appropriate for all its
authorized users.
-
Must only use the Franklin Templeton
logo with written permission or
in compliance with these Policies.
-
The following sentences about
Franklin Templeton's websites
may be used on your website in
connection with the authorized
link. If used, it must not be
altered in any way:
- Public
site link:
"Visit
franklintempleton.com.sg for more information on funds managed by Franklin Templeton.
"
-
Must only use the Franklin Templeton
logo with written permission or
in compliance with these Policies.
- The link must be a Permitted Use
(see Copyright, Trademark
and other Intellectual Property
Rights) and comply with all
applicable laws and our website's
Terms of Use.
Logo Use Policy
A Franklin Templeton
logo used by a third party on the
Internet in connection with an Authorized
Link:
- Must be used solely for the purpose
of providing an Authorized Link
to the Franklin Templeton site.
- Must be the Franklin Templeton
logo approved for this purpose,
and provided below in this section.
-
Must not be altered in any way.
Instructions for downloading
a Franklin Templeton logo in connection
with an authorized link:
Highlight the image.
When the menu pops up, select "Save
this image as…" and save it to your
desktop or other appropriate file.


Third Party Content
Providers, Sites, Referrals, and Disclaimers
Conditions may
apply to third party content. Some
of the products, services, content,
including advertisements, tools, and
information available through the
Site may be provided by companies
that are not affiliated with Franklin
Templeton ("Third Party Content")
and their source is clearly identified.
In some cases, the Third Party Content
may be framed-in on the Franklin Templeton
Site or available through a link to
a third party site. In the case of
Third Party Content, there may be
additional restrictions that apply
to its use. You should be careful
to examine them (for example, in accompanying
statements or caveats or their posted
terms of use) because they may be
more restrictive than the restrictions
Franklin Templeton imposes on our
own, proprietary Site Content. Third
Party Content providers may have reserved
a right to modify the restrictions
they impose on use of their content
without notice. As with our Site's
Terms of Use, use of Third Party Content
after a change in the posted restrictions
relating to that content will constitute
acceptance of those changes.
Not
responsible for Third Party Content,
referrals or links to third parties
or third party sites. For informational
or educational purposes, or as a service
and convenience to you, this Site
may provide referral information,
Third Party Content or live links
to a regulatory agency, non-profit
organization, or other unaffiliated
third party and their websites, including
companies that have a relationship
with Franklin Templeton.
Our decision to provide
referral information to a third party
or to pass on an offer made by a third
party vendor or to provide a link
from our Site to a third party site
is not an endorsement of the third
party, their products or services,
or their website accessed through
any such links. While we would generally
only provide such information from,
or links to, sources considered reliable,
we do not have the resources to conduct
independent investigations and accordingly
we make no representations or warranties
as to third party products, services,
content, tools and information, and
do not guarantee their accuracy, timeliness,
completeness or usefulness. We advise
and encourage you to do your own research.
You will use Third Party Content
only at your own risk.
Although Third Party
Content may be displayed, framed-in
or provided in a pop-up box on the
Site, or available through a live
link from our Site to a third party
site, Franklin Templeton does not
prepare, edit, guarantee or endorse
Third Party Content. By clicking on
a link from our Site to any third
party site, you will leave this Site
(even if, for your convenience, a
second browser window is opened).
When viewing Third Party Content through
such a link, keep in mind that the
third party's site terms and conditions,
privacy and security policies, or
other legal information may be different
from those of Franklin Templeton's
Site. We are not liable for any direct
or indirect technical or system issues,
consequences, or damages arising from
your use of any third party website.
WE ARE NOT RESPONSIBLE
FOR ANY THIRD PARTY, THEIR PRODUCTS
OR SERVICES, THEIR WEBSITE, OR ANY
CONTENT MADE AVAILABLE THROUGH SUCH
THIRD PARTY SITES, NOR DO WE MAKE
ANY WARRANTIES OR REPRESENTATIONS,
EXPRESS OR IMPLIED, REGARDING THIRD
PARTY CONTENT (OR ITS ACCURACY) ON
ANY THIRD PARTY SITES, AND WE SHALL
HAVE NO LIABILITY OF ANY NATURE WHATSOEVER
IN RELATION TO ANY OF THE FOREGOING.

Disclaimers
DISCLAIMER OF
WARRANTIES. YOU ACKNOWLEDGE AND AGREE
THAT THIS SITE IS PROVIDED ON AN "AS
IS" AND "AS AVAILABLE" BASIS. NONE
OF FRANKLIN TEMPLETON, ITS AFFILIATES
OR THEIR RESPECTIVE OFFICERS, DIRECTORS,
EMPLOYEES OR AGENTS (COLLECTIVELY,
THE "FRANKLIN TEMPLETON PARTIES")
GUARANTEES THE TIMELINESS, ACCURACY,
RELIABILITY, COMPLETENESS, OR USEFULNESS
OF ANY OF THE SITE. NONE OF THE FRANKLIN
TEMPLETON PARTIES WARRANT THAT THIS
SITE OR DOWNLOADS WILL MEET YOUR NEEDS
OR EXPECTATIONS, OR BE UNINTERRUPTED,
SECURE OR ERROR FREE OR THAT THIS
SITE, ITS SERVER OR ANY FILES AVAILABLE
FOR DOWNLOADING THROUGH THIS SITE
ARE FREE OF COMPUTER VIRUSES OR OTHER
HARMFUL ELEMENTS. THE FRANKLIN TEMPLETON
PARTIES HAVE NO RESPONSIBILITY FOR
VIRUSES OR ANY OTHER DAMAGE THAT MAY
BE CAUSED TO YOU AS A RESULT OF USING
THIS SITE. PERIODS OF VOLATILE OR
UNUSUAL MARKET ACTIVITY, IN PARTICULAR,
MAY AFFECT SYSTEMS AVAILABILITY OR
RESPONSE TIME.
YOU EXPRESSLY
AGREE THAT THE ENTIRE RISK AS TO THE
QUALITY AND PERFORMANCE OF THIS SITE
AND THE TIMELINESS, USEFULNESS, ACCURACY
OR COMPLETENESS OF THE SITE IS ASSUMED
SOLELY BY YOU. ALL OF THE FRANKLIN
TEMPLETON PARTIES HEREBY SPECIFICALLY
DISCLAIM ANY REPRESENTATIONS, ENDORSEMENTS,
GUARANTEES, OR WARRANTIES, EXPRESS
OR IMPLIED, REGARDING THIS SITE, INCLUDING
WITHOUT LIMITATION, THE IMPLIED WARRANTIES
OF MERCHANTABILITY AND FITNESS FOR
A PARTICULAR PURPOSE AND NON-INFRINGEMENT
OF THIRD-PARTY RIGHTS. WITHOUT LIMITING
THE GENERALITY OF THE FOREGOING, ALL
OF THE FRANKLIN TEMPLETON PARTIES
DISCLAIM ANY WARRANTIES WITH RESPECT
TO ANY RESULTS THAT MAY BE OBTAINED
FROM THE USE OF THIS SITE.
You
are responsible for your connectivity.
You agree that you are responsible
for the means you use to access the
Site and understand that your hardware,
software, the Internet, your Internet
Service Provider, and other third
parties involved in connecting you
to our Site may not perform as intended
or desired.
Not
responsible for third party damages.
Franklin Templeton also disclaims
responsibility for damages third parties
may cause to you through the use of
this Site, whether intentional or
unintentional. For example, you understand
that hackers could breach our security
procedures, and that Franklin Templeton
will not be responsible for any related
damages.
No
reliance on Data. Reasonable
precautions have been taken to ensure
that Site Content, including account
information and pricing data, are
complete and accurate. However, due
to the nature of information delivery
technology and the necessity of using
multiple data sources, including Third
Party Content, we are unable to assure
the accuracy of the data you access
through this Site. Site Content is
presented only as of the date published
or indicated and may be superseded
by subsequent market events or other
reasons. Franklin Templeton has no
duty to update this Site or any Site
Content. WE SHALL NOT BE LIABLE
TO YOU OR ANY THIRD PARTY FOR ANY
DAMAGES ARISING FROM ANY ACTIONS OR
INVESTMENT DECISIONS TAKEN BY YOU
BASED ON THE ACCURACY OF THE DATA
PRESENTED THROUGH THIS SITE.
Cautions
about future or "forward-looking"
statements. Speculation or
stated beliefs about future events,
such as market and economic conditions,
company or security performance, upcoming
product offerings or other projections
are "forward-looking statements" and
involve risks and uncertainties. General
business, market, economic and political
conditions could cause actual results
to differ materially from what we
presently anticipate or project.
Internet email. We discourage you from using e-mail for
sending confidential or sensitive
information. If you send e-mail (encrypted
or not) to us over the Internet, you
are accepting the associated risks
of lack of confidentiality.

Limitation of Liability
YOUR SOLE REMEDY
FOR DISSATISFACTION WITH YOUR USE
OF OUR SITE IS TO STOP USING THE SITE.
YOU AGREE THAT UNDER NO CIRCUMSTANCES
WILL THE FRANKLIN TEMPLETON PARTIES
BE LIABLE FOR ANY DAMAGES, WHETHER
DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL,
SPECIAL, PUNITIVE OR EXEMPLARY DAMAGES
(COLLECTIVELY, THE "EXCLUDED DAMAGES"),
ARISING OUT OF OR IN ANY WAY CONNECTED
WITH YOUR USE OF OR INABILITY TO USE
THIS SITE, INCLUDING BUT NOT LIMITED
TO: LOSS OF REVENUE, TRADING LOSSES,
ANTICIPATED PROFITS, BUSINESS, SAVINGS,
GOODWILL OR DATA; ANY FAILURE OF PERFORMANCE,
DENIAL OF SERVICE, ATTACK, INTERRUPTION,
DEFECT, OPERATOR ERRORS, INCONVENIENCE
OR DELAY IN OPERATION OR TRANSMISSION
OR COMPUTER VIRUS; FAILURE OF ELECTRONIC
OR MECHANICAL EQUIPMENT OR COMMUNICATIONS
LINES (INCLUDING TELEPHONE, CABLE
AND INTERNET);, SEVERE OR EXTRADODINARY
WEATHER (INCLUDING FLOOD, EARTHQUAKE,
OR OTHER ACT OF GOD); FIRE, WAR, INSURRECTION,
TERRORIST ACT, RIOT, LABOR DISPUTE
AND OTHER LABOR PROBLEMS, ACCIDENT,
EMERGENCY OR ACTION OF GOVERNMENT;
OR THIRD PARTY THEFT OF, DESTRUCTION
OF, UNAUTHORIZED ACCESS TO, ALTERATION
OR USE OF YOUR INFORMATION, EQUIPMENT
OR PROPERTY, EVEN IF THE FRANKLIN
TEMPLETON PARTIES HAVE BEEN ADVISED
OF THE POSSIBILITY OF OR COULD HAVE
FORESEEN THE EXCLUDED DAMAGES. FURTHER,
THE FRANKLIN TEMPLETON PARTIES WILL
NOT BE RESPONSIBLE FOR ANY FAILURE
TO COMPLY, BY YOU OR ANY THIRD PARTY,
WITH THESE TERMS OR WITH APPLICABLE
FEDERAL, STATE AND LOCAL LAWS.
THESE LIMITATIONS
OF LIABILITY WILL APPLY REGARDLESS
OF: (I) ANY NEGLIGENCE OR GROSS NEGLIGENCE
OF ANY FRANKLIN TEMPLETON PARTY OR
(II) WHETHER THE LIABILITY SOUNDS
IN NEGLIGENCE, STRICT LIABILITY, CONTRACT,
TORT (INCLUDING NEGLIGENCE) OR ANY
OTHER THEORY OF LEGAL LIABILITY; AND
WILL REMAIN IN EFFECT EVEN IF ANY
REMEDY FAILS OF ITS ESSENTIAL PURPOSE.

Indemnification
As a condition
of your use of the Site, you agree
to make the Franklin Templeton Parties
and their third party providers whole
for any and all claims, losses, liabilities
and expenses (including but not limited
to attorneys' fees) arising from any
use of the Site or your violation
of these Terms of Use.

Governing Law, Forum,
Severability, and Miscellaneous
Failure by Franklin
Templeton to enforce any provision(s)
of these Terms of Use shall not be
construed as a waiver of any provision
or right. This Site is controlled
and operated by Franklin Templeton
from its offices within Singapore.
The laws of the Singapore govern these
Terms.
If any provision
of these Terms of Use is deemed unlawful,
void, or for any reason unenforceable,
the remaining provisions shall be
enforced to the fullest extent possible,
and the remaining provisions shall
remain in full force and effect.
You shall comply
with all laws, rules and regulations
by any governmental authority or agency
which govern or apply to the operation
and use of the Site. Without limiting
the foregoing, you agree to comply
with such restrictions and not to
export or re-export any of the Site
to countries or persons prohibited
under the export control laws of the
United States. These Terms of Use
inures to the benefit of Franklin
Templeton, its successors and assigns.
You may not assign the Terms of Use.
No waiver shall be effective unless
in writing. All rights not expressly
granted herein are reserved by Franklin
Templeton.

Termination
You acknowledge
and agree that Franklin Templeton
may restrict, suspend or terminate
the Terms of Use or your access to,
and use, of the all or any part of
Site, including any links to third-party
sites, at any time, with or without
cause, including but not limited to
any breach of the Terms of Use, in
Franklin Templeton's absolute discretion
and without prior notice or liability.
The relevant version of the Terms
of Use shall continue to apply to
all prior use of the Site. The following
paragraphs of this Terms of Use shall
survive termination of your use or
access to the Site: paragraphs concerning
Indemnification, Disclaimers, Limitations
of Liability, Termination and General
Provisions, and any other provision
that by its terms survives termination
of your use of or access to the Site.

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