ATTENTION: READ THE TERMS AND CONDITIONS OF THIS LICENSE AGREEMENT CAREFULLY.USE OF THE SOFTWARE IS SUBJECT TO THE LICENSOR'S TERMS SET FORTH BELOW. USE OF THE SOFTWARE ALSO INDICATES YOUR ACCEPTANCE OF THESE LICENSE TERMS. IF YOU DO NOT ACCEPT THESE LICENSE TERMS, YOU SHOULD PROMPTLY RETURN THE FULL PACKAGE IN UNOPENED FORM FOR A FULL RETURN. IF THE SOFTWARE IS BUNDLED WITH ANOTHER PRODUCT, YOU MAY RETURN THE ENTIRE UNUSED PRODUCT.

LICENSEE wishes to obtain and agrees to grant a non-exclusive license to use the SOFTWARE PRODUCT under the terms of the AGREEMENT. Shutter and LICENSEE in consideration of the above agree as follows:

1. Shutter hereby grants to LICENSEE nonexclusive rights to use the SOFTWARE PRODUCT from the Effective Date without any rights whatsoever to redistribute the SOFTWARE PRODUCT, under the terms and conditions of the AGREEMENT. Shutter retains all ownership rights in the SOFTWARE PRODUCT, including patent rights, copyrights and licensing rights. No rights, express or implied, for use other than specified in this AGREEMENT are transferred.

2. LICENSEE agrees to restrict the use of the SOFTWARE PRODUCT to him or herself. LICENSEE agrees to save the registration key in a secure place and not to distribute the registration key. If the registration key provided to the LICENSEE is discovered in a public place, LICENSEE agrees that the registration key will be disabled and LICENSEE may be held legally responsible. If LICENSEE loses registration key, LICENSEE recognizes that Shutter is under no obligation to provide the lost registration key or a new registration key. LICENSEE further agrees only to use a registration key explicitly granted to him/her and supplied by Shutter.

3. LICENSEE agrees not to reverse engineer, decompile, disassemble or distribute the SOFTWARE PRODUCT, except and only to the extent that such activity is expressly permitted by applicable law notwithstanding this limitation.

4. LICENSEE agrees that he or she must obtain a license for each computer he or she installs the SOFTWARE PRODUCT on. Therefore, a license is needed for each terminal computer on a network, including remote terminal computers.

5. The LICENSEE may install a second copy of the SOFTWARE PRODUCT for his or her exclusive use on either a portable computer or a computer located at his or her home, provided that the SOFTWARE PRODUCT on the portable or home computer is not used at the same time as the SOFTWARE PRODUCT on the primary computer.

6. The LICENSEE may install a second copy of the SOFTWARE for his or her exclusive use on a virtual PC on the same host computer on which the SOFTWARE PRODUCT is installed.

7. If the SOFTWARE PRODUCT is for personal usage or corporate computers, the LICENSEE can install only 1 computers for his or her exclusive use only.

8. If this SOFTWARE PRODUCT is installed on a portable drive such as a USB drive, the portable drive is equivalent to one computer as described in Section 4, 5, 6, and 7.

9. SHUTTER EXPRESSLY DISCLAIMS ANY WARRANTY FOR THE SOFTWARE PRODUCT. THE SOFTWARE PRODUCT AND ANY RELATED DOCUMENTATION IS PROVIDED "AS IS" WITHOUT WARRANTY OR CONDITION OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, THE IMPLIED WARRANTIES OR CONDITIONS OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NONINFRINGEMENT. THE ENTIRE RISK ARISING OUT OF USE OR PERFORMANCE OF THE SOFTWARE PRODUCT REMAINS WITH THE LICENSEE.

10. The parties agree that this AGREEMENT is the entire AGREEMENT, and shall not be subject to any change or modification except in writing by both parties.

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