Customer Information:

Company:

UNIVERSIDAD NACIONAL ABIERTA Y A DISTANCIA

UNAD

Contact:

Juan Camilo Vega Guerrero

E-mail:

juan.vega@unad.edu.co

City:

Colombia

Product Name/Description

Risk Simulator + Real Options - Academic License - Unlimited

Departamental License

01

Maintenance
Subscription

Expiration Date:
One Year License
2014

Please find Risk Simulator and Real Options SLS 2013 licenses attached. Installing the licenses will take only a
few seconds:
1. Save the attached license files to your hard drive. Keep this safe in case you need to reinstall the software in the
future.
2. If the attachment is a zipped file, first unzip the contents to save the license file to your hard drive. Do NOT open
the license file as this might invalidate it.
3. Start Excel, click on Risk Simulator, License, Install License, and browse to the RS license file. Restart Excel
and your license will be activated immediately.
4. Start Real Options SLS, click on 1-License on the main page, Activate, and browse to the SLS license file. Your
license will be activated immediately.
5. Start Real Options SLS, click on 2-License on the main page, and use the Name and Key combination below.
You will be informed if the license works.
NAME = UNAD91213SLS
KEY = 2848-BBA5-E0E0-3007
This Agreement is made and entered into by the software developer, Real Options Valuation, Inc. ("Developer") and
you, the end user ("Licensee"). BY SELECTING "I ACCEPT THE AGREEMENT", LICENSEE AGREES TO ALL THE
TERMS AND CONDITIONS OF THIS AGREEMENT. If Licensee does not agree with the terms and conditions of this
agreement, select "NO" on the dialog to cancel the installation and do not use the software.
1. RECITALS
1.1. WHEREAS, Developer is the creator of certain software products; and
1.2. WHEREAS, Licensee wishes to license from Developer Licensed Software;
1.3. NOW THEREFORE, the parties agree as follows.
2. DEFINITIONS
2.1. Documentation. The term "Documentation" means the manuals for the Licensed Software that are prepared by
Developer.
2.2. Integrated Software Agreement. "Integrated Software Agreement" shall mean an agreement that Developer
entered into for the purpose of acquiring certain rights to integrate an Integrated Software Provider's software into
Licensed Software.
2.3. Integrated Software Provider. "Integrated Software Provider" shall mean a company, identified below, with whom
Developer has executed an agreement authorizing Developer to, among other things, integrate and sublicense the

Integrated Software Provider's software into the Software.

2.4. Licensed Software. The term "Licensed Software" means any copy of the source or object code version of the
proprietary computer software licensed from Developer.
2.5. Network License. The term "Network License" refers to a special license that allows for the
Distribution of Licensed Software across multiple computers.
3. LICENSE GRANT
3.1. Licensee is permitted to use one copy of Licensed Software on a single computer provided the Licensed Software
is in use on only one computer at a time.
3.1.1. The Licensed Software is "in use" on a computer when it is loaded into the temporary memory (i.e., RAM) or
installed into the permanent memory (e.g., hard disk, CD-ROM, or other storage device) of that computer.
3.1.2. If the Software is permanently installed on the hard disk or other storage device of a computer (other than a
network server) and one person uses that computer more than 80% of the time it is in use, then that person may also
use the Licensed Software on a portable or home computer.
3.2. Network License. If Licensee has purchased a Network License, Licensee may install the Licensed Software on a
single network server and run the Licensed Software from this location on as many computers as Licensee has seat
licenses. The network license allows concurrent usage of the Licensed Software.
3.3. Rights Reserved to Developer. Licensee acknowledges Developer's representation that the Licensed Software is
the property of Developer, and, that Licensee has no rights in the foregoing except those expressly granted by this
Agreement. Nothing herein shall be construed as restricting Developer's right to sell, lease on a non-exclusive basis,
license, modify, publish or otherwise distribute the Licensed Software, in whole or in part, to any other person.
3.4. No Unbundled Distribution. Licensee shall have no right to sublicense the License Software as a separate or
standalone product or to sublicense the source code version of the Licensed Software as part of any Derivative Work.
4. COPYRIGHT NOTICES
4.1. The Licensed Software is owned by the Developer and is protected by United States copyright laws and
international treaty provisions. Therefore, Licensee must treat the Licensed Software like any other copyrighted material
(e.g., a book or musical recording) EXCEPT that Licensee may either (a) make one copy of the Licensed Software
solely for backup or archival purposes, or (b) transfer the Licensed Software to a single hard disk provided Licensee
keeps the original solely for backup or archival purposes.
4.2. Licensee may not copy the written materials accompanying the Licensed Software.
4.3. Licensee shall not remove, alter, cover or obfuscate any copyright notice placed in or on the Licensed Software by
Developer, whether in machine language or human readable form.
4.4. The software has 2005, 2006, and 2007 copyright protection and is registered by the U.S. Copyright Office and
materials are archived at the U.S. Library of Congress.
5. WARRANTIES
5.1. Authority. Developer represents that it has the right and authority to enter into this Agreement and to grant to
Licensee the rights to the Licensed Software granted in this Agreement.
5.2. Media. Developer warrants to Licensee that the media on which the Licensed Software is delivered to Licensee is
free from defects in material and workmanship. Developer agrees to replace any media delivered to Licensee that
proves defective.
5.3. Developer warrants that the Licensed Software will perform substantially in accordance with the online help for a
period of 90 days from the date of receipt. Implied warranties, if any, on the Licensed Software are limited to 90 days.
5.3.1. Some states do not allow limitations on duration of an implied warranty, so the above limitation may not apply to
Licensee.
6. INDEMNIFICATION
6.1. DISCLAIMER. THE FOREGOING ARE THE ONLY WARRANTIES MADE BY DEVELOPER. DEVELOPER
SPECIFICALLY DISCLAIMS ALL OTHER WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED
TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. As
standard practice for software development and end-user applications, it is important for the Licensee to note that the
valuation results attached herein is accurate to the software Developers best knowledge and is solely based on the
information furnished by the Licensee or end-user. While the software Developer has used his best efforts in preparing
this report, he makes no representations or warranties with respect to the accuracy or completeness of the contents
of this report and specifically disclaims any implied warranties of merchantability of fitness for a particular purpose. The
Licensee hereby agrees that the Developer is not held liable for any loss of profit or any other commercial damages,
including but not limited to special, incidental, consequential or other damages.
7. LIMITATION OF LIABILITY
DEVELOPER'S AND INTEGRATED SOFTWARE PROVIDER'S LIABILITY TO LICENSEE SHALL BE LIMITED TO

DIRECT DAMAGES AND, EXCEPT AS PROVIDED IN THE SECTION TITLED "INDEMNIFICATION," SHALL NOT
EXCEED THE AMOUNT OF THE FEES PAID BY LICENSEE TO DEVELOPER HEREUNDER. IN NO EVENT WILL
DEVELOPER BE LIABLE FOR INCIDENTAL, SPECIAL, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST
PROFITS) SUFFERED BY LICENSEE, EVEN IF IT HAS PREVIOUSLY BEEN ADVISED OF THE POSSIBILITY OF
SUCH DAMAGES.
8. INTELLECTUAL PROPERTY RIGHTS
8.1. Licensee shall not reverse engineer, disassemble, re-engineer, synthesize, analyze or otherwise create or attempt
to create or permit, allow, or assist others to create the Licensed Software, or use the Licensed Software in whole or in
part for any purpose except as expressly provided under this Agreement. The terms of this Section shall remain in
effect in perpetuity.
8.2. Licensee shall not rent or lease the Licensed Software.
8.3. Integrated Software Agreement. With respect to an Integrated Software Agreement between Developer and an
Integrated Software Provider, the Licensee will comply with all terms and conditions of an Integrated Software
Agreement, as required by the Integrated Software Provider, including all conditions, restrictions and exclusions
applicable to the Licensee. Any representations, warranties or other obligations of an Integrated Software Provider
contained in an Integrated Software Agreement will not extend to the Licensee.
8.4. Licensee will indemnify and hold harmless the Developer for any results obtained from the software that may not
be accurate under extreme or business-specific circumstances, as well as the repercussions of said results.
8.5. Trademarks.
8.5.1. Ownership. Licensee acknowledges that such trademark is a valuable asset of Developer.
Ownership in all of the rights in and to each trademark and all modifications, improvements or variations of each
trademark licensed under this Agreement, regardless of by whom created, shall belong solely to Developer. Licensee
shall neither acquire nor assert ownership or any other proprietary rights in any trademark or in any derivation,
adaptation, or variation of any trademark. All use of each trademark by Licensee shall inure to the benefit of Developer.
Licensee agrees that during the term or thereafter, it will not attack the title or any rights of Developer in and to any
trademark or the validity of this trademark license.
8.5.2. Usage. Licensee shall follow Developer's instructions with respect to trademark usage and advertising, and shall
at all times strictly comply with the trademark usage guidelines established by Developer from time to time.
9. CUSTOMER REMEDIES
9.1. Developer and Integrated Software Provider's entire liability and Licensee's exclusive remedy shall be the repair
or replacement of the Licensed Software at Developer's option. Licensee must return the Licensed Software to
Developer with a copy of Licensee's receipt. The Limited Warranty is void if failure of the Licensed Software has resulted
from accident, abuse, misapplication or other use not intended by the Documentation. Any replacement of Licensed
Software will be warranted for the remainder of the original warranty period or 30 days, whichever is longer.
10. GENERAL PROVISIONS
10.1. United States Government Restricted Rights. The Licensed Software is provided with RESTRICTED RIGHTS.
Use, duplication, or disclosure by the Government is subject to restrictions as set forth in subparagraph (c)(i)(ii) of The
Rights in Technical Data and Computer Software clause at DFARS 252.227-7013. Contractor/Manufacturer is Real
Options Valuation, Inc., 4101-F, Dublin Boulevard, Suite 425, Dublin, CA 94568, USA.
10.2. Governing Law. This Agreement shall be governed by and construed in accordance with the substantive laws of
the State of California.
10.3. Relationship of the Parties. Each party is acting as an independent contractor and not as an agent, partner, or
joint venture with the other party for any purpose. Except as provided in this Agreement, neither party shall have any
right, power, or authority to act or to create any obligation, express or implied, on behalf of the other.
10.4. Survival of Certain Provisions. The indemnification obligations set forth in the Agreement shall survive the
termination of the Agreement by either party for any reason.
10.5. All Amendments in Writing. No provisions in either party's purchase orders, or in any other business forms
employed by either party will supersede the terms and conditions of this Agreement, and no supplement, modification,
or amendment of this Agreement shall be binding, unless executed in writing by a duly authorized
representative of each party to this Agreement.
10.6. Entire Agreement. The parties have read this Agreement and agree to be bound by its terms, and further agree
that it constitutes the complete and entire agreement of the parties and supersedes all previous communications, oral
or written, and all other communications between them relating to the license and to the subject matter hereof. No
representations or statements of any kind made by either party, which are not expressly stated herein, shall be binding
on such party.