Before entering any orders to trade this contract please ensure you read have and understood this DISCLAIMER.

This contract will settle (expire) at 100 ($10.00) if the United States and/or Israel conduct an overt Air Strike against a land-based or naval target in Iran before 11:59:59pm ET on the date specified in the contract.

The contract will settle (expire) at 0 ($0.00) if the United States and/or Israel DO NOT conduct an overt Air Strike against a land-based or naval target in Iran before 11:59:59pm ET on the date specified in the contract.

Expiry will be based on official public announcements from the US and/or Israeli Government confirming the air strike, as reported in three independent and reliable media sources.

For expiry purposes a air strike is defined as (as published in Department of Defense Dictionary of Military and Associated Terms):

An attack on specific objectives by fighter, bomber, or attack aircraft on an offensive mission. May consist of several air organizations under a single command in the air.

Any covert air strikes conducted by the United States and/or Israel will not be considered for expiry purposes. The air strike must be overt and publicly confirmed by the US and/or Israeli Government for the contract to be expired.

If NATO conduct an air strike against Iran and there are American and/or Israeli forces involved the contract will expire at 100.

Clarification (02/02/2012): For this market to be settled at 100 ($10.00) any airstrike (as defined above) must be executed against an Iranian target. A market will not be settled at 100 ($10.00) if there is an airstrike executed against a non-Iranian target. An example of an attack against a non-Iranian target would be an airstrike to destroy a US drone or other aircraft that has gone down in Iranian territory before it is recovered by Iranian forces. If Iranian targets are also attacked in the course of this airstrike however, the market will be settled at 100 ($10.00).

IMPORTANT: This contract will be expired using the information made public at the time of expiry. If it is revealed at a later date that an air strike occurred prior to contract expiry but this information was not made public at that time then the original expiry will stand.

Any changes to the result after the market has expired will not be taken into account (Rule 3).

Due to the nature of this market you are obligated to read Rule 4 (Unforeseen Circumstances) and Rule 5 (Time Protection). Intrade may invoke these rules in its absolute discretion if deemed appropriate.

Please contact our Customer Support if you have any questions regarding this market or the interpretation of these market specific rules before you place an order to buy or sell shares.