Terms and Conditions of Use Agreement

This Terms and Conditions of Use Agreement (the "Agreement") should be read before accessing Petroleum Realty Advisors' (the "Company") web site. This Agreement was last updated on, and has an effective date of, September 20, 2009.

This Agreement sets forth the standards of use for Petroleum Realty Advisors' online services (the "Service"). By using the petroadvisors.com web site (the "Web Site") you (the "Member") agree to the terms and conditions herein. If you do not agree to the terms and conditions of this Agreement, you should immediately cease all usage of the Web Site. We reserve the right to modify, alter, or update this Agreement at any time and without prior notice. Modifications shall become effective immediately upon being posted on the Web Site. Your continued use of the Service after amendments are posted constitutes an acknowledgement and acceptance of the Agreement and all modifications. Except as provided for in this paragraph, this Agreement may not be amended.

  1. Description of Service

Company is providing Member a web site through which information about the petroleum industry is disseminated, and through which offerings of petroleum properties are advertised for sale, lease, or purchase. Member must (1) provide all equipment necessary for their own Internet connection, including computer and modem, (2) provide for Member’s access to the Internet, and (3) pay any fees related with such connection.

  2. Disclaimer of Warranties

The Web Site and Services are provided by Company on an "as is" and "as available" basis. To the fullest extent permitted by applicable law, Company makes no representations or warranties of any kind, express or implied, regarding the use or the results of this Web Site in terms of its correctness, accuracy, reliability, or otherwise. Company shall have no liability for any interruptions in the use of Web Site. Company disclaims all warranties with regard to the information provided, including the implied warranties of merchantability and fitness for a particular purpose, and non-infringement. Some jurisdictions do not allow the exclusion of implied warranties, therefore the above-referenced exclusion may not be applicable in certain cases.

  3. Limitation of Liability

Company shall not be liable for any damages whatsoever. Company shall not be liable for any special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to this web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law, or otherwise, even if Company has been advised of the possibility of such damages. Some jurisdictions do not allow for the limitation or exclusion of liability for incidental or consequential damages, therefore some of the above limitations may not be applicable in certain cases.

  4. Indemnification

Member agrees to indemnify and hold Company, its parents, subsidiaries, affiliates, officers, and employees harmless from any claim or demand, including reasonable attorneys’ fees and costs, made by any third party due to, or arising out of, Member’s use of the Service; the violation of this Agreement; and/or infringement by Member, or other user of the Service using Member’s computer, of any intellectual property, or any other right of, any person or entity.

  5. Modifications and Interruption to Service

Company reserves the right to modify or discontinue the Service with or without notice to Member. Company shall not be liable to Member or any third party should Company exercise its right to modify or discontinue the Service. Member acknowledges and accepts that Company does not guarantee continuous, uninterrupted, or secure access to the Web Site or Service and operation of such may be interfered with, or adversely affected by, numerous factors or circumstances outside of Company's control.

  6. Third-Party Sites

Web Site includes links to other sites on the Internet that are owned and operated by third parties. Member acknowledges that Company is not responsible for the availability of, or the content located on or through, any third-party site. Member should contact the site administrator or webmaster of those third-party sites if Member has concerns regarding the links to, or the content of, such sites. Member's use of such third-party sites is subject to the terms of use and privacy policies of each site, and Company is not responsible therein. Company encourages all Members to review the privacy policies and terms of use of all third-party sites.

  7. Disclaimer Regarding Accuracy of Information

Industry data, property data, and other information available via Web Site has been collected from third parties and/or publicly available sources. While Company makes every effort to ensure all information on this Web Site is accurate, Company makes no representations or warranties as to the accuracy or reliability of any information provided on this Web Site.

  8. Governing Jurisdiction

Web Site is controlled, operated, and provided in the State of Oregon. Company is located in Marion County, Oregon. As such, Company is subject to the laws of the State Oregon, and such laws will govern this Agreement, without giving effect to any choice of law rules. Company makes no representation that Web Site or Services are appropriate, legal or available for use in other locations. Accordingly, if Member chooses to access Company's Web Site and Services, Member agrees to do so subject to the laws of the State Oregon.

  9. Compliance with Laws

Member assumes all knowledge of applicable law and is responsible for compliance with any such laws. Member may not use the Service in any way that violates applicable local, state, federal, or international laws, regulations, or other government requirements. Member further agrees not to transmit any material that encourages conduct that could constitute a criminal offense, give rise to civil liability, or otherwise violate any applicable local, state, federal, or international laws, regulations, or other government requirements.

10. Copyright and Trademark Information

All content included in, or available through, this Web Site including site design, text, graphics, interfaces, and the selection and arrangements thereof is copyright © 2008-2015 Petroleum Realty Advisors, Inc., with all rights reserved. Any use of materials on this Web Site, including reproduction, replication, modification, distribution, data extraction or data mining, or other commercial exploitation of any kind, without prior written permission of an authorized officer of Company is strictly prohibited. Member agrees to not use any robot, spider, automatic device, or manual process to monitor or copy this Web Site, in all or part, without prior written permission of an authorized officer of Company.

Petroleum Realty Advisors, Inc. and petroadvisors.com are proprietary marks of Company. Company's marks may not be used in connection with any product or service not provided by Company, in any manner likely to cause confusion among the public, without limitation or exception, or in any manner that disparages or discredits Company.

11. Notification of Claimed Copyright Infringement

Pursuant to Section 512(c) of the Copyright Revision Act, as enacted through the Digital Millennium Copyright Act, company designates the following individual as its agent for receipt of notifications of claimed copyright infringement.

By mail:

Christopher Jensen

4742 Liberty Road South, #348

Salem, Oregon 97302-5037

By telephone: (503) 670-1600

By e-mail: Inquiries At Petroadvisors Dot Com

12. Botnets

Company reserves the right, at its sole discretion, to terminate any accounts involved with botnets and related activities. If any host names are used as command and control points for botnets, Company reserves the right to direct the involved host names to a honey pot, loop back address, logging facility, or any other destination at our discretion.

13. Other Terms

If any provision of this Agreement shall be unlawful, void, or unenforceable for any reason, the other provisions, as well as any partially-enforceable provision, shall not be affected thereby and shall remain valid and enforceable to the maximum possible extent. Member agrees this Agreement and any other agreements referenced herein may be assigned by Company, in its sole discretion, to a third party in the event of a merger or acquisition. This Agreement shall apply in addition to, and shall not be superseded by, any other written agreement between us in relation to your participation as a Member. Member agrees that by accepting this Agreement, Member is consenting to the use and disclosure of their personally identifiable information and other practices described in our Privacy Policy Statement.