The contents of the Goldline home traders kit (herein referred to as the kit) are supplied under license by Southgate Publishing Limited, t/a Goldline Systems, (referred to herein as the company)

On purchasing the Goldline system, the purchaser agrees that:

1. Spread bets carry a high level of risk to your capital. Only speculate with money you can afford to lose. Spread betting may not be suitable for everyone, therefore ensure you fully understand the risks involved and seek independent financial advice if necessary.

2. No warranty or guarantee of profitability has been made, and no guarantee or warranty of any future profitability or results has been made.

3. The company takes no responsibility for loss resulting from the users however caused, either as a failure in the program, a failure in data delivery or of the information generated by the user in running the software or in following any of the methods described in the manual.

4. The company uses a third party for the relaying of data and as such that data is outside of the control of the company. The company will use its best endeavors to supply the market data required by the system. The company will ensure that this is available at least 95% of the time to an accuracy of 95%of the time, but accepts no responsibility for errors, omissions or non delivery, or any loss incurred by the purchaser as a results of errors, omissions or non delivery of that data, support or of the program.

5. On purchasing the kit, software, manual and using any of the services provided, the purchaser agrees not to copy, lend or otherwise deal in the software, manual or information generated by the program, nor to copy the system onto more than one computer, other than for the purchasers own use. The Purchaser also agrees not to relay or transmit to any third party the content of the manual or software or any information regarding the business of Goldline systems other than in the normal course of using the kit. The purchaser also agrees to keep the proprietors indemnified against any costs and loses incurred by the proprietors, including the costs incurred enforcing these conditions, in the event of these terms and conditions not being met by the purchaser. The company reserves the right to alter, amend or change the content of the kit at any time.

6. On payment of the annual renewal license fee that is applicable at the prevailing time, the company will continue to provide the ongoing support, system updates and data to support the software, which is included in the kit. In the event that the purchaser elects not to pay the ongoing license fee within 14 days of it becoming due, the company reserves the right to terminate the supply of data, updates and support of the system and the license is deemed to have lapsed. Purchasers wishing to re instate a lapsed license may do so on payment of the purchase license fee prevailing at the time (this is different to the renewal fee) .

7. The Company will make available a demonstration of the kit at the company’s premises to provide the purchaser the opportunity to investigate the kit, in order to assist the potential purchasers decision to purchase. Decisions to purchase the system without the benefit of this demonstration is made entirely at the purchasers own risk as no refunds will be made at any time.

8. The company will supply to the purchaser the kit on order in sealed packaging. The system contains the intellectual property rights of the company, and as the product is vulnerable to copying, no refunds will be made after purchase.

9. Record of trades. Unless specified to the contrary, all illustrations of the trades generated by the program on this web site or any publicity material are the result of a notional exercise to illustrate the trades a user may typically have implemented having had the benefit of using the system from 1st of January 2000. It is also used to illustrate the effect of the staking plan and the effect of market moves on spread bet positions and to illustrate the effect of winning and losing sequences generally. As such, the records of trades are not an account of, nor to be construed as, any one persons actual trading account or activity. Users ultimately make their own decisions about the merits or otherwise of following any of the levels generated by the program (if any) Any levels generated by the program are not a recommendation, endorsement or advice on the merits of those positions. Individual users results obtained when following the system will vary depending on the users own implementation of the levels generated by the program and will be affected by considerations such as:

· The actual orders placed

· The time orders are placed

· Differences in spread trading costs

· The actual starting bank used

· Differences between trading “at quote” or “at market”

· Different spread betting companies quoted price

· Different trading platform used

For this reason, the record of trades can never accurately represent any one persons true position. It is our policy to update the record of trades on an ongoing basis with the trade levels as shown on the “new order instructions” report generated by the program each day. The updated record is indicative only to illustrate a typical use of the program. It cannot be over emphasized that this record, due to the differences stated above do not serve as an actual financial statement of fact or profitability. Although we have used our best endeavors to maintain the records, they may contain errors or omissions and interested parties are specifically advised not to rely upon the trade records as a complete record nor as a statement of fact that any one user would obtain the exact same position. The actual timed and dated daily trade record of all trade levels indicated by Goldline since December 2003 are available for interested parties to verify. The trade record pages have therefore been updated in “real time” since that date. The records shown prior to that date are a notional record only of the trade levels generated by the program over the historical period.

As the very nature of financial trading is speculative, and as market conditions can (and will) change, it is impossible to make assessments of the likely future performance of the levels generated by the program. We strongly emphasize that NO GUARANTEE OR WARRANTY of the future profitability of any trading positions entered into as a result of following the levels generated by the program can be made. Goldline is therefore an extremely speculative venture. It is a mathematical fact that winning and losing trades will occur and that users will experience sequences of both wining and losing trades. It is possible that a long losing sequence can occur and this will have the effect of causing the whole of the users trading capital to be lost. Spread bets can result in the user losing more than they have staked.

10. The “Goldline complete home traders kit” consists of the following:

I) The Goldline complete home traders manual.
Offers generic trading and spread betting information. It does not provide advice on the merits of individual investments.

ii) The Goldline index trader software.
This is a computer program designed as a tool for research and to provide information to assist the user in making their own trading decisions. All information generated as a consequence of using the program is not intended, nor to be construed as offered by Southgate Publishing Limited or their proprietors as specific trading or investment advice in any way, nor is it an endorsement or advice on the merits of implementing actual trades or spread bet positions.

Southgate Publishing Limited are not authorised to carry on an investment business or to give investment advice. No support, guidance or advice on any specific situations can or will be given by Southgate Publishing Limited. The user makes all trading decisions alone.

11. Financial trading and spread betting carries a high degree of risk, which is not limited to the amount, invested. Potential users should seek the advice of an independent financial advisor.

12. On purchasing the kit, the purchaser agrees to be bound by these terms and conditions.

These terms and conditions do not affect your statutory rights.