Sunday, May 11, 2008

CNBC Portfolio Challenge Official Rules


CNBC Million Dollar Portfolio Challenge

CNBC Portfolio Challenge Official Rules
May 12, 2008 – July 18, 2008


3. Summary of Contest

The Contest is a simulated stock and currency trading game that provides Participants with up to five fictional trading accounts (“Portfolios”), one million (1,000,000) fictional dollars (“CNBC Bucks”) per Portfolio, and the fictional ability to trade individual stocks on the NYSE, NASDAQ and/or AMEX exchanges and certain currency pairs. Participants can compete in the Contest by creating up to five separate Portfolios to compete against all other Portfolios. At the conclusion of each trading week of the Contest, the Participant with the individual Portfolio with the highest percentage gain in its aggregate value during such week will be declared the potential prize winner for such week and such Participant may be announced (where permitted by law) on CNBC television and/or CNBC.com (such prizes, collectively, the “Weekly Prizes”). Additional weekly prizes will also be awarded as described in detail in Rule 16 below. At the end of the Contest Term, each of the six (6) eligible Participants with one of the individual Portfolios that has the highest total Portfolio value at the conclusion of the Contest will be declared a potential winner of the overall Contest and will be awarded a Prize described in Rule 16 below (the “Overall Prizes”). Specific details regarding Prizes are set forth in Rules 14-16. The potential Winners of the Overall Prizes may be announced (where permitted by law) on CNBC television and/or CNBC.com. By way of clarification, winners will be determined on the basis of the performance of a single Portfolio, regardless of the number of Portfolios they may have submitted. Each Participant can only win one Weekly Prize per week, one Power Course Prize per week, one Mini-Account Prize per week, and one Overall Prize, irrespective of the number of Portfolios entered by that Participant. If a Participant has more than one Portfolio, only the highest scoring Portfolio created by that Participant will be eligible each week for a Weekly Prize and FXCM Prizes, and at the end of the Contest for an Overall Prize.
4. Duration of Contest:

The Contest will begin on May 12, 2008 at 9:30:00 AM and end on July 18, 2008 at 4:00:00 PM (the “Contest Term”). All times listed in these Rules will be Eastern Standard Time / Eastern Daylight Standard Time.
5. Registration:

Participants must first register for CNBC.com in order to register for the Contest and each individual’s Portfolios will be allocated to his/her one CNBC.com account used to register for the Contest. By registering for CNBC.com, you agree to the Terms of Service and Privacy Policy thereof, and such Terms of Service and Privacy Policy are incorporated by reference into these Rules. Registration is a self-service, online-only process that can be accessed by clicking on the registration page at the Site between 9:30:00AM on April 28, 2008 and 4:00:00 pm on July 18, 2008. Any Participant who registers after July 13, 2008 at 5:00:00PM will not be eligible to win any prizes. Each individual Participant can register only once and must provide a single CNBC.com account (with associated email address and password) which he/she must use when participating in the Contest. Participants are responsible for maintaining the security of their CNBC.com account information and password. Registration is free. Any attempt (successful or unsuccessful) by any Participant to register multiple times by any means, including but not limited to through the use of multiple email accounts, as determined by CNBC in its sole discretion, may result in disqualification of all accounts and Portfolios submitted by that Participant.

The following information is required for registration: first name, last name, valid email address, mailing address (including street, city, state and zip code) of legal residence, telephone number, date of birth, gender, and household income (optional).

By entering, you agree that CNBC may disclose (where permitted by law) your first name, last name, city and state of residence at any time during the course of, or after, the Contest, either on-air on CNBC or on the Site, at the discretion of CNBC, except where prohibited by law. If you win any prize, you agree that CNBC may disclose your first name, last name, telephone number and email address to Contest prize providers for the purposes of awarding prizes. You agree that any information transmitted to the Site in connection with the Contest is not confidential and may be used in accordance with the terms of CNBC.com’s Privacy Policy. BY ENTERING, YOU AGREE THAT CNBC MAY CONDUCT A BACKGROUND INVESTIGATION ON YOU AND YOU AUTHORIZE CNBC TO CONDUCT SUCH BACKGROUND INVESTIGATION. You agree that any and all information that you supply in the registration process is current, truthful and complete. To the extent that any such information is not current, truthful and complete, you may be disqualified from the Contest.

During registration, you may be asked whether you wish to receive information from or on behalf of CNBC and/or third party marketing partners of CNBC. By registering for the Contest, you agree to receive Contest updates in the form of emails throughout the Contest Term and such emails may include offers from contest partners or other third parties. If you elect to receive information from or on behalf of third party marketing partners of CNBC, you acknowledge and agree that such information will be entirely unrelated to CNBC and that CNBC will not be responsible for any of the content of such information.

During registration or at certain other times during the Contest Term, each Participant may be given the opportunity to select a unique User Name or Screen Name (collectively “User Name”) and unique Portfolio Names. User Names must not be inappropriate, as determined by CNBC or the Site’s support staff in their sole discretion. This includes, without limitation, names that are harmful, defamatory, racist, ethnically derogatory, obscene, vulgar, sexually explicit, profane or objectionable, whether in English or any other language. User Names must not violate any applicable laws, rules or regulations; this specifically pertains to copyrighted names and/or possible trademark infringements. Examples of prohibited use of copyrighted or trademarked names are the names of well-known products, services or concepts. Participants may not use the names of famous individuals, celebrities, sports figures or politicians. Participants may not choose a name to intentionally harm the reputation or impersonate another person. Participants may not use names that refer to drugs or that are drug-related. Participants may not use names where a combination of the first and last names violate any of these guidelines. Participants may not use misspellings, alternative spellings or homonyms of names that violate these provisions. Participants may not use names that are combinations of words that violate any of the above rules. Any Participant who elects to participate in the Contest’s message boards must use a User Name in connection therewith. The rules of conduct regarding message boards are included in the CNBC.com Terms of Service and Privacy Policy and may be displayed on the Site. Violation of any of these rules, as determined by CNBC in its sole discretion, may result in the Participant’s disqualification from the Contest.
6. Portfolios:

Each Participant may register and play up to five (5) different Portfolios in the Contest, each of which must be given a different name by the Participant, but which may have the same name as other Participants’ Portfolios. Portfolio names must not be inappropriate, as determined by CNBC or the Site’s support staff in their sole discretion. This includes, without limitation, names that are harmful, defamatory, racist, ethnically derogatory, obscene, vulgar, sexually explicit, profane or objectionable, whether in English or any other language, and including without limitation misspellings, alternative spellings, homonyms or word combinations of such names. If any Portfolio’s name is deemed by CNBC, in its sole discretion, to be inappropriate, the Participant who created the Portfolio and all such Participant’s Portfolios will be disqualified from the Contest. Once a Portfolio has been named, the name cannot be changed nor can a Portfolio be deleted or replaced with a new or different Portfolio. Each of a Participant’s Portfolios may be created at any time, other than during a daily registration maintenance window of approximately two hours, which is expected to be from 4:00-6:00PM each trading day and a weekly registration maintenance window of approximately 8 hours, which is expected to occur on Fridays, from approximately 4:00PM to approximately 12:00 midnight. . Each Portfolio will compete individually against all other Portfolios registered for the Contest.

Each Portfolio begins the Contest with One Million (1,000,000) CNBC Bucks, Nine Hundred Thousand (900,000) of which are allocated to its equity account (sometimes referred to on the site as the “Stock Portfolio”) to create and manage a fictional portfolio of NYSE, NASDAQ and/or AMEX-traded stocks (the “Equity Account”), and One Hundred Thousand (100,000) of which are allocated to its currency account to create and manage a fictional portfolio of currency pairs (the “Currency Account”). CNBC Bucks cannot be transferred between Equity Accounts and Currency Accounts.
7. Determination of Winners

Each week, according to the schedule set forth below, the percentage gain (or loss) for each Portfolio will be determined by calculating the difference between the value of the Portfolio (i) following the end of the prior week, after all transactions for the prior week have been processed and all Bonus Bucks for the prior week have been awarded (the “Weekly Opening Balance”) and (ii) at the end of the current week, after all transactions have been processed for the current week and all Bonus Bucks have been awarded for the current week. For Week One, the Weekly Opening Balance shall be $1,000,000 for all Portfolios. For any Portfolio created after Week One, the Weekly Opening Balance for the such Portfolio’s first week shall be $1,000,000. (See Rule 14 for a full description of the weekly calculation process and tie breakers and Rule 12 for a full description of Portfolio Valuation.)

Weekly Schedule: Week One: Begins 5/12 -Ends 5/16 Week Two: Begins 5/18 -Ends 5/23 Week Three Begins 5/27 -Ends 5/30 Week Four: Begins 6/1 -Ends 6/6 Week Five: Begins 6/8 -Ends 6/13 Week Six: Begins 6/15 -Ends 6/20 Week Seven: Begins 6/22 -Ends 6/27 Week Eight: Begins 6/29 -Ends 7/3 Week Nine: Begins 7/6 -Ends 7/11 Week Ten: Begins 7/13 -Ends 7/18

Each week will begin at 5:15:00PM on Sunday, other than Week One, which will begin at 9:30:01 AM on Monday and Week Three, which will begin at 9:30:01AM on Tuesday. Each week will end at 4:00:00PM on Friday, other than Week Eight, which will end at 4:00:00PM on Thursday. There will be no trading on May 26 (Memorial Day) or July 4 (Independence Day).

To be eligible for any Weekly Prize, the winning Portfolio must (i) have a total value of at least Two Hundred Fifty Thousand (250,000) CNBC Bucks after all transactions have been processed and all Bonus Bucks (as defined below) have been awarded following the end of trading on the Friday of the prior week, and (ii) have been created as of 5:00:00PM on the Sunday before such week (other than Week One, which shall require Portfolios to have been created as of 9:30:00AM the Monday of such week).

The Participant who has the Portfolio with the highest aggregate value at the end of the Contest will be awarded the Grand Prize. The next five (5) highest valued Portfolios will win the First Prize, Second Prize and three (3) Third Prizes (together with the Grand Prize, the “Overall Prizes”), respectively; provided, however, that no individual Participant can win more than one of Overall Prizes. (See Rule 14 for a full description of the Contest ending calculation process and tie breakers).
8. Equity Trading:

The Site will post a list of all stocks that are eligible for trading in the Contest, which stocks must have a market capitalization of at least Five Hundred Million Dollars ($500,000,000) and a one hundred day average trading volume of at least ten thousand (10,000) shares, each as of the close of the markets on May 9, 2008 (the “Eligible Stocks”). Stocks cannot gain eligibility for the Contest after May 9, 2008. Any stocks that are not listed as Eligible Stocks on the Site by the beginning of the Contest Term will not be eligible to be traded in the Contest, even if they may have been mistakenly left off the list of Eligible Stocks or incorrectly placed on the Eligible Stocks list. Stocks that are deemed eligible for the Contest as of May 9, 2008 and subsequently fall below either the above-described market capitalization or average trading volume thresholds will not lose eligibility for the Contest. Initial Public Offerings that take place after May 9, 2008 will not gain eligibility for the Contest. Limit orders, open orders, short selling, margin buying, and the trading of derivatives, options, bonds, mutual funds, exchange traded funds or other securities is not permitted. CNBC reserves the right to suspend trading in certain stocks or certain types of trades not specified in these Rules due to unusual trading situations, computer system errors or situations beyond the control of the Contest. Each Portfolio’s Equity Account can make a maximum of fifty (50) trades per “Day”, based on the time the trade is entered by the Participant on the Site, not the time the trade is executed. A “Day” is defined as

4:00:01 p.m. to 4:00:00 p.m. on the next trading day. No commissions will be charged for trades in the Equity Account.

Equity trades are entered on the Site via the “Stock Holdings” tab by selecting “Manage My Stocks” and moving the pointer on the allocation slide bar to the desired percentage allocation (in whole numbers) of the Portfolio’s Equity Account’s total value, including cash CNBC Bucks (the “Portfolio Percentage”) to be allocated to each particular stock, as of the close of the markets on such day. A trade is defined as the Participant’s submitting of the allocation or reallocation of a stock’s Portfolio Percentage, which results in the purchase of the stock of a single company for cash CNBC Bucks or the sale of the stock of a single company for cash CNBC Bucks. The reallocation of a stock’s Portfolio Percentage, whether up or down, may result in the purchase or sale of the stock of such company depending on the performance of that stock and/or other stocks in the Portfolio. Trades may result in Portfolios holding fractional shares of stocks. A new trade request for a particular stock cannot result in the Portfolio Percentage for such stock being greater than twenty-five percent (25%). All trade requests for a particular stock will be aggregated when calculating the Portfolio Percentage. Portfolio Percentages must be requested in whole numbers; however, if a Portfolio does not have sufficient available cash CNBC Bucks to make the full amount of the requested purchase, the trade will be partially executed and the Portfolio Percentage of such stock will be lowered from the requested amount. If a Portfolio’s Equity Account does not have any cash CNBC Bucks available to purchase the stock, the trade will not be executed.

If, for any trading day, a new Portfolio Percentage is not submitted for a particular stock, the number of shares of such stock held by the Portfolio will not be changed, although the Portfolio Percentage of such stock may change due to the value of such stock in relation to the overall value of the Portfolio’s Equity Account.

If, due solely to its performance, the performance of other stocks in a Portfolio, or the receipt of bonus CNBC Bucks, and not due to a submitted reallocation, such stock’s Portfolio Percentage increases above twenty-five percent (25%), such stock’s Portfolio Percentage will be permitted to remain above twenty-five percent (25%) until such time as the Participant enters a trade requesting a reallocation of such stock’s Portfolio Percentage. If any such trade is submitted, the Portfolio Percentage of such stock must be reduced to no greater than twenty-five percent (25%).

Participants can enter equity trades seven days per week, at any time except during the period each day, if any, when maintenance is being performed on the Site; provided, however, that trades will only be priced and executed as of

4:00:00 PM on market trading days. Participants will have the ability to prioritize equity trades within a given day of trading; provided that all sales will be processed before all purchases. If a Participant does not elect to reprioritize his/her equity trades, such trades will default to prioritization based upon the time the trade is entered with earlier trades taking priority over any subsequently entered trades.

If a Participant submits an equity trade that either exceeds the daily maximum number of trades or is otherwise deemed inappropriate or in any way not in compliance with the letter or spirit of these Rules, as determined by CNBC in its sole discretion, such trade will not be processed. If a Participant enters a reallocation that would result in an equity trade to buy, and at the time the trade is executed, the Portfolio’s Equity Account does not have enough available cash CNBC Bucks to purchase the number of entered shares equal to the requested Portfolio Percentage, the Portfolio will receive the maximum amount of such stock (including fractional shares) available to be purchased based on the Equity Account’s available cash CNBC Bucks balance and in accordance with the priority of the stocks to be purchased. Stocks will be purchased in the order of priority until available CNBC Bucks in the Portfolio’s Equity Account are depleted. Pending equity trades can be cancelled up until 4:00:00 PM on the same day of the trade; however, all equity trades are final after 4:00:00 PM. It is each Participant’s responsibility to review the “Pending Trades” section of the Equity Trading portion of the Site for each of his/her Portfolios and confirm that all submitted equity trades have been executed by the Site. The Contest will not recognize any attempted trades that have not been submitted through the normal internet browser environment of the Site and executed by the Site, and CNBC shall have the right, in its sole discretion, to disqualify any Participant who makes or attempts to make any such trades. CNBC shall have the right, in its sole discretion, to disqualify any Participant who attempts (successfully or unsuccessfully) to enter, change or delete a trade retroactively.

9. Currency Trading:

Detailed rules regarding the Currency Trading portion of the Contest are found at the end of these Rules, attached as Exhibit A and incorporated by reference herein. In the event of any inconsistency between these Rules and the Currency Trading Rules, these Rules will govern to the extent of any such inconsistency. The Contest will not recognize any attempted trades that have not been submitted through the normal internet browser environment of the Site and executed by the Site, and CNBC shall have the right, in its sole discretion, to disqualify any Participant who makes or attempts to make any such trades. CNBC shall have the right, in its sole discretion, to disqualify any Participant who attempts (successfully or unsuccessfully) to enter, change or delete a trade retroactively.

10. Pricing of Trades:

Equity trades submitted on equity trading days (Monday through Friday, other than market holidays) at or prior to

4:00:00 PM will be priced at the stock’s closing price for such day, as such closing price is reported to the Site by Wall Street On Demand, an independent data provider, after the close of the markets on such day. Equity trades submitted on weekends, market holidays and after 4:00:00 PM on equity trading days will be priced at the stock’s closing price for the next trading day. For purposes of this Contest, the closing price is the price reported to the Site by Wall Street On Demand and reflects equity trades that settled after the markets closed, but does not reflect after-hours trading. The official time for all equity trades will be determined in accordance with Wall Street On Demand’s internal clock, maintained at Wall Street On Demand’s offices.

Pricing of trades in your Currency Account is determined on an almost-real-time basis by FXCM based on a combination of prices provided by multiple global banks and financial institutions, which takes the best bid (sell) and ask (buy) price available, and marks it up by approximately one (1) “pip” (as defined in the Currency Trading Rules). Pricing is updated continuously (delayed approximately 20 seconds) to indicate approximately where the actual currency market is currently trading. The price you receive for a particular currency trade may be higher or lower than the price indicated on the Site at the time you enter the trade, for various reasons including without limitation market volatility or volume. For purposes of this Contest, the price of each currency trade is the price determined by FXCM. The official time for all currency trades will be determined in accordance with FXCM’s internal clock, maintained at FXCM’s offices.

All equity pricing information is received from Wall Street On Demand, an independent data provider, and CNBC is not responsible for the accuracy of such data. All currency pricing information is received from FXCM, an independent services provider, and CNBC is not responsible for the accuracy of such data. All equity prices and all currency prices are an approximation of market value at the approximate time each trade is executed. There is no guarantee that the price at which a Participant buys or sells a stock or a currency pair will match any other price that may be found outside of the Contest. All prices are final. Participants will not be permitted to dispute any price at which their trade is executed even if such price resulted from an error in pricing information received from Wall Street On Demand or FXCM.

11. Trivia Questions and Refer-A-Friend:

On each trading day during the Contest, Participants will have the opportunity to receive additional CNBC Bucks by answering up to six (6) multiple-choice trivia questions available on the Site. Participants may only answer each question once, and each of the Participant’s Portfolios will receive Two Thousand (2,000) CNBC Bucks for each correctly answered trivia question. Questions will be posted individually between 6:00AM and 4:00PM, and will be available to be answered on the Site until 4:00PM that day. During each week of the Contest, Participants may be given the opportunity to answer one (1) additional weekly quiz question, which will be posted on the Site beginning at approximately 6:00AM on each Monday and will be available to be answered until 4:00PM on that Friday (the “Weekly Quiz”). Participants may only answer each Weekly Quiz question once, and each of the Participant’s Portfolios will receive Two Thousand (2,000) CNBC Bucks for each correctly answered Weekly Quiz. The answer to each Weekly Quiz question may be found either in a weekly educational video posted on the Site, or elsewhere on the web. CNBC Bucks received by a Participant for correctly answering trivia questions and Weekly Quiz questions will be added to the cash account balance of the Equity Account of each of his/her Portfolios before the same day’s equity trades are processed, so that such CNBC Bucks will be available for any equity purchases submitted for that day. The decisions of CNBC regarding the correct answers to the trivia questions and the Weekly Quiz shall be final and binding.

Participants will also have the opportunity to earn additional CNBC Bucks by providing CNBC with the names and email addresses of up to five (5) other people, who will be contacted by CNBC to request that they register for the Contest (“Refer-A-Friend”). If such person is eligible and properly registers for the Contest after their name and email address is provided to CNBC, each Participant who provided such name or email address to CNBC will receive One Thousand (1,000) CNBC Bucks for each eligible new Participant. CNBC Bucks received by a Participant for providing the eligible name and email address of another Participant will be added to the cash account balance of the Equity Account of each of his/her Portfolios before the equity trades are processed on the day such other Participant registers for the Contest, so that such CNBC Bucks will be available for any equity purchases submitted for that day. Certain people may not be eligible to receive emails from CNBC, based on prior communications received from such person. In such event, the Participant will not be permitted to add any other names or email addresses to his/her submitted list.

The CNBC Bucks awarded for correct answers to trivia questions and Weekly Quizzes and for Refer-A-Friend will be referred to herein as “Bonus Bucks.” Any Bonus Bucks that are earned after the Participant has registered for the Contest, but before her/she has created any Portfolios, will be allocated to all of his/her Portfolios that are created during the first time he/she creates Portfolios; provided, however, if any Portfolios are created at a later time, such Bonus Bucks will not be awarded to the later-created Portfolios.

12. Portfolio Valuation:

Each Portfolio’s Currency Account’s trades are processed and its balances are recalculated on a simulated almost-real-time basis (delayed approximately 20 seconds), continuously from Sundays at 5:15:00 PM through Fridays at

4:00:00
PM., but the Currency Account’s balance is marked to market at 4:00:00 PM and transmitted to the overall Portfolio’s balance after 4:00:00 PM on such trading day. Each Portfolio’s Equity Account’s trades are processed and its balances are recalculated, once per trading day, after

4:00:00
PM on such trading day. Each Portfolio’s Equity Account value is based on each stock’s closing price, as provided to the Site by Wall Street On Demand, plus any un-invested cash CNBC Bucks balances including bonus CNBC Bucks earned. Each Portfolio’s total value is the sum of the Equity Account value plus the Currency Account value, as of 4:00:00 PM on each equity trading day.

CNBC Bucks cannot be transferred between an Equity Account and a Currency Account.

13. Special Processing of Corporate Actions:

The Contest will process stock splits, mergers and acquisitions, halted/suspended trading, delistings, spin-offs, special cash dividends and ticker symbol changes. These corporate actions will be processed after the close of the markets on the date they occur, and will not count towards a Portfolio’s Equity Account’s number of daily trades. In the event that a Participant believes that his/her Portfolio does not properly reflect a corporate action, the Participant must email the Site’s support department no later than 11:59:59 PM on the date of such corporate action, with the stock symbol, type of corporate action, effective date, and the name(s) of the affected Portfolio(s). Adjustments, if any, will be determined by CNBC in its sole discretion, and all such decisions by CNBC are final and binding and are not subject to appeal. Trades executed with CNBC Bucks incorrectly deposited due to corporate action issues or Site mistakes will be removed from the Portfolio, but will count towards a Portfolio’s Equity Account’s maximum daily trades. The Contest reserves the right to suspend trading in a stock, or take any other action deemed necessary to cause the Site to properly adjust to a corporate action.

Stock dividends, other than special cash dividends, will not be processed or reflected in the Contest. In the event of a special cash dividend, on the effective date of such dividend, the cash amount of the dividend will be subtracted from the previous day’s closing price, but the change will not occur until after the close of the market on the effective date. In the event of a stock split, the quantity and price of such stock will be adjusted after the market closes on the date of the stock split. Any suspension, halt or de-listing that recurs for the same stock within one calendar day after resolution or any such action will not be taken into account for purposes of valuation of portfolios for the Contest. If a company is de-listed or trading is halted for more than one calendar day from its exchange, it will automatically be sold at its last trading price prior to the delisting or halting, as such price is provided to the Site. In the event a stock is de-listed due to a merger or acquisition, it shall be considered the equivalent of a sale and the sale price shall be the final price received by the Site for that stock. All ticker symbol changes will be reflected on the Site within one (1) business day.

14. Prize Winners: Weekly Prizes - After trading closes on each Friday of the Contest, all trades are processed, all Currency Account balances are transmited to the overall Portfolio balances, all Bonus Bucks are awarded, all corrections (if any) are made, and all site maintenance is performed (and subject to confirmation of eligibility and compliance with these Rules), the Portfolio with the highest percentage gain in its value during such week will be declared the potential Weekly Winner for that week and the Participant who created such Portfolio will be entitled to receive the Weekly Prize for such week, as described below, subject to confirmation of eligibility. In the event of a tie, the Weekly Winners will be determined using the following tiebreakers until ties are broken: First, the highest absolute gain among the tied Portfolios for that week; Second, the most CNBC Bucks received by the Portfolio from answering trivia questions and weekly quizzes during such week; Third, the highest percentage gain in Equity Account value during such week, among the tied Portfolios; Fourth, the highest absolute gain in Equity Account value during such week among the tied Portfolios; Fifth, the most equity trades made during such week among the tied Portfolios. In the further event of a tie, CNBC will select as many additional tiebreakers as are necessary, in its sole discretion.

FXCM Prizes - After trading closes on each Friday of the Contest, all trades are processed, all Currency Account balances are transmited to the overall Portfolio balances, all Bonus Bucks are awarded, all corrections (if any) are made, and all site maintenance is performed (and subject to confirmation of eligibility and compliance with these Rules), (i) each of the one hundred (100) Portfolios with the highest total value will be declared the potential Power Course Winners for that week and the Participants who created such Portfolios will be entitled to receive a free FX Power Course from FXCM (the “Power Course Prizes”) and (ii) each of the the ten (10) Portfolios with the highest total Currency Account value will be declared the potential Mini-Account Winners (and together with the “Power Course Winners”, the “FXCM Winners”) and the Participants who created such Portfolios will be entitled to receive a $300 Mini-Account from FXCM (the “Mini-Account Prizes” and together with the Power Course Prizes, the “FXCM Prizes”), subject to confirmation of eligibility. In the event of a tie, there may be more than one hundred

(100) weekly Power Course Winners and more than ten (10) weekly Mini-Account Winners. No individual Participant can win more than one Mini-Account Prize during the Contest. Any FXCM Winner will also be eligible to win Weekly Prizes and Overall Prizes.

Overall Prizes-After trading closes on July 18, 2008 and all trades are processed, all Currency Account balances are transmitted to overall Portfolio balances, all Bonus Bucks are awarded, all corrections (if any) are made, and all site maintenance is performed (and subject to confirmation of eligibility and compliance with these Rules), (i) the Participant whose Portfolio has the highest total value will be declared the potential Grand Prize Winner of the Contest pending verification of eligibility, (ii) the Participant whose Portfolio has the second highest total value will be declared the potential First Prize Winner of the Contest pending verification of eligibility, (iii) the Participant whose Portfolio has the third highest total value will be declared the potential Second Prize Winner of the Contest pending verification of eligibility, (iv) the three Participants whose Portfolios have the fourth, fifth and sixth highest total values will be declared the potential Third Prize Winners of the Contest pending verification of eligibility. In the event of a tie, the respective Winner will be determined using the following tiebreakers until ties are broken: First, the most CNBC Bucks received among the tied Participants by answering trivia questions and weekly quizzes; Second, the Portfolio with the highest total Equity Account value among the tied portfolios; Third, the most stock trades during the Contest within and among the tied Portfolios. In the further event of a tie, CNBC will select as many additional tiebreakers as are necessary, in its sole discretion.

Winning any prize in the Contest is subject to meeting all eligibility requirements and full compliance with these Rules and any other Contest rules and regulations that may be posted on the Site by CNBC.
15. Winner Notification; Confirmation of Eligibility:

After the conclusion of each week, the potential Weekly Winners may be notified in person or by phone, email and/or mail. After the conclusion of the Contest, the potential winners of the Grand Prize, the First Prize, the Second Prize and the three Third Prizes (the “Overall Winners”) will be notified in person or by phone or email and/or mail. Each of the Overall Winners, the Weekly Winners and the FXCM Winners (collectively, the “Winners”) may be required to (i) sign and return to CNBC or representatives of CNBC within forty-eight (48) hours of attempted notification, an affidavit of eligibility and liability, including evidence of age and residence, and a publicity release, unless prohibited by law (collectively, the “Affidavit/Release”), (ii) provide a recent photo of the Participant and a completed and signed questionnaire (the “Photo/Questionnaire”), (iii) provide to CNBC a true and complete copy of all of such Winner’s brokerage statements and related trading records such as confirmations, covering the term of the Contest (the “Brokerage Statements” and together with the Affidavit/Release and the Photo/Questionnaire, the “Required Documentation”) and (iv) cooperate and comply with all other requests made by CNBC or its representatives for the purpose of confirming such Winner’s eligibility and/or compliance with the Contest’s Rules and applicable laws (the “Compliance Requests”), which will be determined solely by CNBC, in its discretion. If any potential Winner cannot be reached after two (2) attempts by CNBC or its representatives, is found to be ineligible by CNBC for any reason, cannot or does not comply with these Rules, does not honestly, accurately and fully complete and return the Required Documentation within the designated time period, or if any or prize or prize notification sent to a Potential Winner is returned as undeliverable, that potential Winner may be disqualified and an alternate potential Winner may be designated. If any Winner is found to be ineligible, or if such Winner has not complied with these Rules, at any time during or after the Contest, such Winner may be disqualified from the Contest.

At any time and from time to time during the Contest, CNBC, in its sole discretion, may require certain Participants to provide CNBC with any or all of the Required Documentation and to comply with the Compliance Requests for purposes of verifying the Participant’s eligibility and compliance with the Official Rules. If any such Participant (i) does not honestly, accurately and fully complete and return the Required Documentation requested by CNBC within seven (7) days of attempted notification by CNBC, (ii) does not honestly, accurately and fully cooperate and comply with the requested Compliance Requests within seven

(7) days of attempted notification by CNBC, (iii) is deemed ineligible for any reason or (iv) is suspected of violating the rules of the contest, in each case as determined by CNBC in its sole and absolute discretion, such Participant may be disqualified from the Contest.

16. The Prizes: Overall Prizes: The following Overall Prizes will be awarded: One (1) Grand Prize Winner will receive Five Hundred Thousand Dollars ($500,000), payable in an initial one-time lump sum of Fifty Thousand Dollars ($50,000) followed by twenty annual installments of Twenty Two Thousand Five Hundred Dollars ($22,500) (the “Grand Prize”), One (1) First Prize Winner will receive Two Hundred Fifty Thousand Dollars ($250,000), payable in an initial one-time lump sum of Twenty Five Thousand Dollars ($25,000) followed by twenty annual installments of Eleven Thousand Two Hundred Fifty Dollars ($11,250) (the “First Prize”). One (1) Second Prize Winner will receive (i) One Hundred Thousand Dollars ($100,000), payable in an initial one-time lump sum of Ten Thousand Dollars ($10,000) followed by fifteen annual installments of Six Thousand Dollars ($6,000) (the “Second Prize”).

Three (3) Third Prize Winners will each receive Fifty Thousand Dollars ($50,000), payable in an initial one-time lump sum of Five Thousand Dollars followed by ten annual installments of Four Thousand Five Hundred Dollars ($4,500) (the “Third Prize”).