Versant Capital Management, Inc.

WEB SITE ACCESS ACKNOWLEDGMENT

As a client of Versant Capital Management, Inc., you elect to participate in the password-protected access portion of the Versant Internet website. Your participation allows you to review certain investment-related information published by Versant and unaffiliated third parties. This password-protected access is made available to  Versant clients free of charge. This authorization shall continue until canceled in writing.