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TERMS OF AGREEMENT

Each tuition voucher is valid for the tuition cost for attendance at the specified school for the 2015-2016 Fall through Spring academic year (not including summer school). All other costs of attending the school including but not limited to books and supplies, uniforms, and fees to participate in sports or events, are not covered by the voucher and are the responsibility of the student and his or her parent or guardian. Only one voucher per school may be purchased or used by a household or family. Each voucher may only be used by a new student not enrolled at the specified school. Purchase of a voucher does not guarantee admittance for a student to the specified school and the student and parent(s) must meet all school admission, attendance, and conduct requirements to enroll and attend throughout the school year. The voucher is not transferable and may be used only by a family or household member of the purchaser. The voucher is not returnable or redeemable for cash, except if a school confirms to SALEM MEDIA GROUP TAMPA that a prospective student with a voucher completed all applicable requirements but was not admitted to the school, in which case upon request by the voucher purchaser SALEM MEDIA GROUP TAMPA will refund the cost paid to SALEM MEDIA GROUP TAMPA for the voucher. The voucher purchaser should consult with his or her tax advisor concerning the tax treatment of payment of tuition using the voucher.