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Versant Capital Management, Inc.

WEB SITE ACCESS ACKNOWLEDGMENT

As a client of Versant Capital Management, Inc. (“Versant”), by selecting the “I Agree” button, I elect to participate in the password-protected access portion of Versant Internet web site.  I understand that my participation will allow me to review certain investment-related information published by Versant and unaffiliated third parties.  This password-protected access is made available to clients of Versant free of charge.  This authorization shall continue until canceled in writing.

I understand that the password-protected section is a secure web site intended only to allow a client access to information relative to his/her/its specific account.  I also understand that I will be assigned an individual password.  I agree not to share my password with any other person. I hereby release and holdVersant harmless from any adverse consequences relative to any failure by me to keep the identity of my password secure.