It is free [0].

GPL-incompatibility is a practical issue when reusing code in other
programs.  It's not a problem for running the program.  The FSF uses and
recommends GPL-incompatible programs like TeX ("[w]e will use TeX as our
text formatter" [1]).

I use Postfix, it might be easier to configure for what I need.  I don't
have much experience with Exim.

[0] http://www.gnu.org/licenses/license-list.html#IBMPL
[1] http://www.gnu.org/gnu/manifesto.html

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