PRIVACY POLICY Your Privacy Your privacy is very important to GEMSA Loan Services, L.P. (the "Company"). That’s why we are committed to safeguarding the information you entrust to us. This Privacy Policy describes how we collect information through the Company’s Website, how we use that information, and to whom and under what conditions we may disclose that information. This Privacy Policy does not apply to information that the Company may collect through mechanisms or processes other than the Company’s Website. Children Under 17 The Company’s Website is intended for the use of commercial borrowers, commercial investors and related parties in connection with commercial loan transactions. Children under the age of 17 may not provide personally-identifiable information to the Company’s Website under any circumstances. The Information We Collect Non-Registrants "Non-Registrants" are users of the Company’s Website who have not completed a Registration Agreement. This Website may collect from a Non-Registrant his or her name and other personally-identifiable information only if the Non-Registrant supplies that information through one of the interactive functions on the Website (such as through participating in one of the bulletin boards, for example). This Website will not collect any other information from a Non-Registrant. Registrants "Registrants" are those users who have completed, and remain subject to, an active Registration Agreement. As the Registration Agreement describes, we will collect from each Registrant certain identifying information more particularly described on the Website during the registration process (the "Registrant Address Information"). This Website may also collect from Registrants information concerning their usage of this Website, including the number of times this Website is visited, the pages on this Website that a Registrant visits, the reports generated by a Registrant, and similar information (the "Registrant Usage Information"). How We Use This Information ?Non-Registrants - Personally Identifiable Information We will use the personally-identifiable information collected from Non-Registrants only for our administration of the interactive functions of the Company Website. Registrants - Personally Identifiable Information We will use the Registrant Address Information to provide the Registrant with the services described in the Registration Agreement and to make certain interactive functions of the Website easier. We may disclose Registrant Address Information to third parties only for the purposes described in the Registration Agreement. We will use the Registrant Usage Information for the Company’s internal business purposes. We may also disclose Registrant Address Information and Registrant Usage Information to companies that are in control of, controlled by, or under common control with the Company ("Affiliates"). The Company’s Affiliates may use such information for their internal business purposes, including for notifying you of products and services that may be of use to you, but the Company’s Affiliates will not disclose such information to any third party. All Users - Non-Personally-Identifiable Information We will use the non-personally-identifiable information we collect from all Users to count and record the traffic the Website receives and to communicate with third parties and the public regarding the number of Users who visit the Website. Who May Have Access to This Information We may disclose Registrant Address Information to persons who wish to contact Registrants for commercial purposes. If You do not wish to receive communications from advertisers or other persons in this manner, you may opt-out of such communications by sending an e-mail with the word "Opt-Out" in the "subject" box to WebCustomerService@gemsals.com We will not disclose Registrant Usage Information to any third party without the Registrant’s express authorization. We may disclose information collected from Non-Registrants to advertisers or to parties who are evaluating our service and other services, but all such disclosures will be done in a way that does not identify any particular Non-Registrant personally. (For example, we may disclose that some number of our users often visit a particular website, but we will not identify any of those particular users personally). How We Use Cookies At times, the Company may use "cookies" to tailor our services for Users. A cookie is a piece of software that a web server can store on your PC and retrieve later. The cookies assist us in delivering content specific to the User’s interests. All of our cookies expire at the end of a User’s session; none of our cookies are recorded permanently in a User’s PC. You May Correct Your Data Registrants may review and edit their Registrant Address Information. To do so, a Registrant must contact our Customer Service Department by e-mail to WebCustomerService@gemsals.com or by telephone at 1-800-456-1443. . Links to Other Websites Our website contains links to other websites. We are not responsible for the privacy policies, other practices or contents of those other websites. Public Forums and Bulletin Boards Our service makes it possible for Users to visit various chat rooms and bulletin boards, including chat rooms and bulletin boards sponsored on our service. Any messages or statements you may make in any such chat rooms or on bulletin boards are public communications. Do not disclose any information in such areas that you wish to keep confidential. Questions? If you have questions about this Privacy Policy, the practices of this site, would like to obtain access to your information, or have your information removed from this database, you may contact us by email at WebCustomerService@gemsals.com or write to us at: GEMSA Loan Services Attn. Customer Service 1500 Citywest Blvd., Suite 200, Houston, TX 77042 ALT1746713.2