1. ACCEPTANCE OF TERMS
Welcome to the Salem Communications Corporation ("Salem Communications") website. Salem Communications provides this site as a service to you, subject to the following Terms of Use which may be updated by us from time to time without notice to you. You agree that each use of the site is subject to the then existing Terms of Use, including any modifications or amendments made hereto from time to time. In addition, when using this website, you shall be subject to any posted guidelines or rules applicable to such services which may be posted from time to time. All such guidelines or rules, as amended, are hereby incorporated by reference into the Terms of Use.

2. DESCRIPTION OF SERVICE
The Salem Communications website (the "Service") currently provides users with access to information about the company including information that may be useful to our stockholders, employees, potential employees, analysts, vendors and others. While it is anticipated that the information and services provided on the website (collectively the "Content") are beneficial to you, you should not consider the Content to be fully reliable for any purpose, including, without limitation, the making of a decision relating to the purchase or sale of Salem Communications' stock.

3. USE OF THIRD PARTY INFORMATION
In providing the information contained on this website (including, without limitation, stock quotes, company fundamentals, copies of financial reports and press releases), Salem Communications must rely on the assistance of third parties both to ensure the accuracy and availability of the information, and Salem Communications hereby disclaims any responsibility for the information and services supplied by such third parties, even if it is not apparent that the information or services actually comes from such third parties. Accordingly, your use of the site should be based on this understanding.

4. SALEM COMMUNICATIONS CORPORATION PRIVACY POLICY
Registration data and certain other information about you is subject to our Privacy Policy. For more information, please see our full privacy policy at: http://www.salem.cc/policyPrivacyPolicy.htm

5. NO RESALE OF SERVICE You agree not to reproduce, duplicate, copy, sell, resell or exploit for any commercial purposes, any portion of the Service, use of the Service, or access to the Service.

6. NO OBLIGATION TO UPDATE POSTINGS
Postings on this website are made at such times and determined by the company in its sole discretion. Readers should not assume that the Content contained on this site has been updated or otherwise contains current information. Neither Salem Communications nor its third party service providers review past postings to determine whether they remain accurate, and the information contained in such postings may have been superseded.

7. LINKS
This website provides links to other websites affiliated with Salem Communications. Even though the site may be affiliated with Salem Communications, the site may link to others that are not. The company cannot be responsible for and does not endorse the content of sites not under Salem Communications' direct control, and you use such sites at your own risk. In some cases, we have attempted to provide an indication of when you are leaving the website and going to a linked site, however this is not always the case. You acknowledge and agree that Salem Communications is not responsible for the availability of such external sites or resources, and does not endorse and is not responsible or liable for any content, advertising, products, or other materials on or available from such sites or resources. You further acknowledge and agree that Salem Communications shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on the site.

8. SALEM COMMUNICATIONS CORPORATION'S PROPRIETARY RIGHTS
You acknowledge and agree that the Service and any necessary software used in connection with the Service ("Software") contain proprietary and confidential information that is protected by applicable intellectual property and other laws. You further acknowledge and agree that content contained in sponsor advertisements or information presented to you through the Service or advertisers is protected by copyrights, trademarks, service marks, patents or other proprietary rights and laws. Except as expressly authorized by Salem Communications, it's advertisers or the appropriate third party, you agree not to modify, rent, lease, loan, sell, distribute or create derivative works based on the Service or the Software, in whole or in part.

9. COPYRIGHT
All Content, including text, graphics, logos, button icons, images, audio clips, and software, is the property of Salem Communications or its third-party suppliers and protected by U.S. and international copyright laws. The compilation (meaning the collection, arrangement, and assembly) of all content on this site is the exclusive property of Salem Communications and protected by U.S. and international copyright laws. All software used on this site is the property of Salem Communications or its software suppliers and protected by U.S. and international copyright laws. The Content and Software on this site may be used for informational purposes only. Any other use, including the reproduction, modification, distribution, transmission, republication, display, or performance, of the content on this site is strictly prohibited.

10. TRADEMARKS
Salem Communications, Salem Radio Network, Salem Radio Representatives, Salem News Network, Salem Music Network, Oneplace.com, OnePlace, Inc., CCM Communications and CCM Magazine (collectively the "Trademarks") are registered trademarks of Salem Communications in the United States and other countries. The Trademarks and other Salem Communications graphics, logos, and service names are trademarks of Salem Communications. Salem Communications' trademarks may not be used in connection with any product or service that is not owned by Salem Communications, in any manner that is likely to cause confusion among customers or in any manner that disparages or discredits Salem Communications. All other trademarks not owned by Salem Communications or its affiliates that appear on this site are the property of their respective owners, who may or may not be affiliated with, connected to, or sponsored by Salem Communications or its affiliates.

11. DISCLAIMER
THIS SITE IS PROVIDED BY SALEM COMMUNICATIONS ON AN "AS IS" BASIS. SALEM COMMUNICATIONS MAKES NO REPRESENTATIONS OR WARRANTIES OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, AS TO THE OPERATION OF THE SITE OR THE INFORMATION, CONTENT, MATERIALS, OR PRODUCTS INCLUDED ON THIS SITE. TO THE FULL EXTENT PERMISSIBLE BY APPLICABLE LAW, SALEM COMMUNICATIONS DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. SALEM COMMUNICATIONS WILL NOT BE LIABLE FOR ANY DAMAGES OF ANY KIND ARISING FROM THE USE OF THIS WEBSITE, INCLUDING, BUT NOT LIMITED TO DIRECT, SPECIAL, INDIRECT, EXEMPLARY, INCIDENTAL, PUNITIVE, AND CONSEQUENTIAL DAMAGES, EVEN IF SALEM COMMUNICATIONS HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH CLAIMS.

12. SPECIAL ADMONITION FOR SERVICES RELATING TO FINANCIAL MATTERS
If you intend to receive, request or use, any news, messages, alerts or other information from the Service concerning Salem Communications (or its affiliated companies), including but not limited to stock quotes, investments, securities, financial statements or documents of any kind, please read the above Section 11 again. The Service and any Content is provided for informational purposes only, and no Content included in the Service is intended for trading or investing purposes. Salem Communications shall not be responsible or liable for the accuracy, usefulness or availability of any information transmitted via the Service, and shall not be responsible or liable for any trading or investment decisions made based on such information.

13. GENERAL INFORMATION
The Terms of Use constitute the entire agreement between you and Salem Communications and govern your use of the Service, superceding any prior agreements between you and Salem Communications. You also may be subject to additional terms and conditions that may apply when you use affiliate services, third-party content or third-party software. The Terms of Use and the relationship between you and Salem Communications shall be governed by the laws of the State of California without regard to its conflict of law provisions. You and Salem Communications agree to submit to the personal and exclusive jurisdiction of the courts located within the county of Ventura, California. The failure of Salem Communications to exercise or enforce any right or provision of the Terms of Use shall not constitute a waiver of such right or provision. If any provision of the Terms of Use is found by a court of competent jurisdiction to be invalid, the parties nevertheless agree that the court should endeavor to give effect to the parties' intentions as reflected in the provision, and the other provisions of the Terms of Use remain in full force and effect. You agree that regardless of any statute or law to the contrary, any claim or cause of action arising out of or related to use of the Service or the Terms of Use must be filed within one (1) year after such claim or cause of action arose or be forever barred. The section titles in the Terms of Use are for convenience only and have no legal or contractual effect.

13. APPLICABLE LAW
This site is created and controlled by Salem Communications in the State of California, USA. As such, the laws of the State of California will govern these disclaimers, terms, and conditions, without giving effect to any principles of conflicts of laws. We reserve the right to make changes to our site and these disclaimers, terms, and conditions at any time.