You Can...
[YES] Sell and keep 100% of the profits 
[YES] Host on your own domain 
[YES] Edit the sales page and graphics
[YES] Add bonuses to the website 
[YES] Add to your paid membership area 
[YES] Sell on ebay 
[YES] Sell the resell rights 
[YES] Sell the master resell rights

You Cannot... 

[NO] Give away for free 
[NO] Give away as a bonus 
[NO] Add to a free membership site 
[NO] Package as a bonus to another product 
[NO] Sell the private label rights