1. Rates published herein are effective as of January 1, 2004. Announcement of any change in rates will be made to advertiser 30 days in advance of rate change.

2. Advertiser acknowledges that it is generally familiar with the nature of the Internet and proposed uses thereof.

3. In consideration of the placement of advertisements on the IRU web site, www.irua.com. The advertiser and agency agree to, jointly and severally, indemnify and save the Intermediaries & Reinsurance Underwriters Association, its officers, directors, agents and employees harmless from and against any and all claims, suits, losses and/or expenses arising out of any aspects: of the content and/or the appearance of such advertisement(s) on www.irua.com, including without limitation, those arising from claims or suits for defamation, copyright or trademark infringement, misappropriation, violation of the right of privacy act.

4. It is agreed that the advertiser and agency are jointly liable for payment of invoices for advertising made available on www.irua.com. Any reference to the Intermediaries & Reinsurance Underwriters Association in advertisements, promotional material or merchandising by the advertiser or the agency is subject to prior written approval by the Intermediaries & Reinsurance Underwriters Association for each use.

5. The Intermediaries & Reinsurance Underwriters Association shall not be subject to any liability whatsoever for any failure to provide reference or access to all or any part of the advertising due to systems failures or other technological failures of IRU or the Internet or other circumstances beyond IRU’s control.

6. Unless otherwise agreed by Intermediaries & Reinsurance Underwriters Association and agency or advertiser, IRU shall have the right to insert the advertising in various areas of the IRU web site at its discretion.

7. IRU is not responsible for errors or omissions in any advertising materials provided by the advertiser or its agency.

8. All advertisement copy is subject to the approval of Intermediaries & Reinsurance Underwriters Association’s Executive Director. IRU reserves the right to reject or cancel any advertising and/or linkage to an advertiser’s site on the Internet for any reason at any time.

9. Invoices will be sent on or about the first date on which the advertising is scheduled to appear on www.irua.com. Payments will be due within 30 days from the date of invoice. Ads will be discontinued if payment is not received within 30 days unless prior arrangements are made with IRU.

10. No cash discounts, volume discounts or other discounted rates will be available unless ad is placed by a recognized advertising agency. Advertising agencies will receive the standard 15% discount on insertion orders. Discounts will be discontinued if payments are not received within 30 days of invoice.

11. In the event IRU does not receive payment or advertiser/agency otherwise breaches the terms of this contract, advertiser and/or its agency shall pay all of IRU’s costs and expenses in connection with enforcement and/or collection of balance due IRU.

12. No minimum circulation or exposure is guaranteed hereunder.

13. Minimum contract term is one month.

Contact Amy Barra, Office Manager at (908) 203-0211 or abarra@irua.com for further information.