Terms of Website Use

This webpage (together with the documents referred to on it) contain the terms of use on which you ("you"
or "user") may access and make use of the website www.dutchsecuritisation.nl
and all its underlying pages (the "Website") including all products, services, documentation,
information, materials, tools, and other content made available through the Website (the "Content"),
whether as a guest or a registered user. Please read these terms of use carefully before you start to use the
Website. 

By clicking on "I agree" and by using the Website, you accept the terms and conditions as set out below and you
acknowledge that you will be bound by any restrictions that may be contained in any prospectus or other document
available for downloading from this Website, and you declare that you are either (1) a qualified institutional
buyer (within the meaning of Rule 144A under the U.S. Securities Act of 1933, as amended (the "Securities
Act
")) or (2) a non-U.S. person (within the meaning of Regulation S under the Securities Act) outside of the
United States. If you do not agree to these terms of use, please refrain from using the Website. If at any time
your status as mentioned above changes, you should refrain from using the Website. 

The Dutch Securitisation Association reserves the right to change, add or remove parts of these terms of use
from time to time at its sole discretion. Your continued use of the Website after amendments have been published
on the Website constitutes your acceptance of such amendments. 

1. Information about us

The Website is operated by the Dutch Securitisation Association (the "DSA"), an association registered in
the Netherlands. The DSA's registered office is Gustav Mahlerplein 29, 1082 MS, Amsterdam, the Netherlands and
is registered in the Trade Register of the Amsterdam Chamber of Commerce (Kamer van Koophandel) under
number 56295367. 

2. Access to and Use of the Website
2.1

Access to the Website is permitted on a temporary basis and the DSA reserves the right to withdraw or amend the
services and/or Content provided on or through the Website without notice. From time to time, the
DSA may restrict or suspend access to (parts of) the Website and Content to users, or close it
indefinitely if the need arises. If you breach these Terms of Website Use, the DSA reserves
the right to suspend or terminate your access to the Website, or any element of the Website.

2.2

You are responsible for making all arrangements necessary for you to have access to the Website. You are
also responsible for ensuring that all persons who access the Website through your internet
connection are aware of these terms, and that they comply with them.

2.3

You may use the Website only for lawful purposes. You may not use the Website: (i) in any way that breaches any
applicable local, national or international law or regulation; (ii) in any way that is unlawful or
fraudulent, or has any unlawful or fraudulent purpose or effect; (iii) to transmit any data, send or
upload any material that contains viruses, Trojan horses, worms, time-bombs, keystroke loggers,
spyware, adware or any other harmful programs or similar computer code designed to adversely affect
the operation of any computer software or hardware.

2.4

You also agree not to access without authority, interfere with, damage or disrupt: (i) (any part of) the Website;
(ii) any equipment or network on which the Website is stored; (iii) any software used in the
provision of the Website; or (iv) any equipment or network or software owned or used by any third
party.

3. Disclaimers regarding the Website and the Content
3.1

The Website and the Content are provided on an "as-is/as available" basis for general informational purposes
only. Therefore no rights can be derived from and you may not rely on the information and the
Content on the Website, including without limitation in any investor report or other documentation
made available or accessible through the Website in whatever format. The Content on the Website may
be out of date at any given time, and the DSA is under no obligation to update such material. Any
information contained on the Website or in the Content or provided through the Website should not be
construed as financial, legal or investment advice, nor does it constitute any investment
recommendation in respect of any financial instrument or underlying values, and it must not be
relied on in connection with any investment. Use of the Website and the Content is completely for
your own risk and you should consult your own financial and/or legal advisors prior to making any
investment decision. 

3.2

The Website, the Content and the documents available for downloading do not constitute and may not be used for
the purposes of:

(a)

an offer of securities or a solicitation to make such an offer to the public in the European
Economic Area in the meaning of any laws or rules implementing the EU Prospectus Directive
(2003/71/EC); or

(b)

an offer of securities or a solicitation to make such an offer in the United States or any
other country or jurisdiction in which such an offer or solicitation is prohibited, or in
respect of any person in relation to whom the making of such an offer or solicitation is
prohibited by law.

3.3

The information on the Website and the Content is, unless expressly stated otherwise, not intended for
residents of the United States or any "U.S. person" as defined in Regulation S of the Securities
Act.

3.4

Save to the extent required by any mandatory applicable law, none of the Website or the Content are subject to
any warranty or condition, express or implied, including, without limitation, any warranty of
merchantability, satisfactory quality, fitness for a particular purpose or use, and
non-infringement. The DSA does not, nor does any member of the DSA, guarantee the accuracy,
completeness or availability of any Content. In addition, the DSA does not, nor does any member of
the DSA, guarantee that the operation of the Website will be error-free or uninterrupted. 

4. Third Party Links and Third Party Content

On the Website, the DSA may post third party content or provide links, in its sole discretion, to other websites
for your convenience in locating related information and services. These websites have not been reviewed by the
DSA and are maintained by third parties over which the DSA exercises no control. Accordingly, the DSA expressly
disclaims any responsibility for the content, the accuracy of the information, the quality of products or
services provided by or advertised on and/or software downloaded from these third-party websites. Moreover, this
third party content and these links do not imply an endorsement of any third party or any website or the
products or services provided by any third party. You accept total responsibility for your use of the Website
and any third party content you choose to access through the Website. Your sole remedy is to stop using the
Website and/or the Content.

5. Intellectual Property Rights
5.1

All intellectual property rights, including without limitation, copyrights, trademark rights and
database rights in or related to the Content (including without limitation in information,
documentation, text, images, logos, photographs and illustrations) and the Website (including the
lay-out and design of the Website) are the property of the DSA and/or its licensors. All such rights
are reserved and subject to clause 5.2 below you may not copy, duplicate, re-sell or otherwise
reproduce (any part of) the Website or the Content without the prior written approval of the DSA
and/or its licensors.

5.2

The foregoing does not affect your right to print off, download and modify (extracts of) documents made available
through the Website for personal and commercial use in accordance with the purpose for which they
are made available and to draw the attention of others within your organisation to material posted
on the Website. You are hereby granted a limited non-exclusive, revocable licence to do the
foregoing.

5.3

You may not link to the home page of the Website from a website owned by you without prior written permission
from the DSA. Such linking must be done in a manner that is fair and legal and does not damage the
reputation of the DSA or take advantage of it and you must not establish a link in such a way as to
suggest any form of association, approval or endorsement on the part of the DSA where none exists.
The Website must not be framed on any other website, nor may you, after having obtained prior
written permission, create a link to any part of the Website other than the home page. The DSA
reserves the right to withdraw linking permission without notice. The website from which you are
linking must comply in all respects with the content standards set out above.

5.4

If you wish to make any use of material on the Website other than that set out above, please address your request
to info@dutchsecuritisation.nl.

6. Exclusion of Liability

The use of the Website and the Content is for your own risk. The DSA, its members, its affiliates, any
third-party providers, their directors, officers, shareholders, employees or agents hereby exclude all liability
in relation to the (use of the) Website and the Content to the fullest extent permitted by law including without
limitation in relation to any inaccuracy, incompleteness, incorrectness, untimeliness or non-availability of the
Website and/or the Content or any third party content. The DSA, its members, its affiliates, any third-party
providers, their directors, officers, shareholders, employees or agents shall not be liable for any type of
damages including any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential
damages, costs, expenses, legal fees, or losses (including, without limitation, loss of profits, data,
opportunity, savings or interest) or any penalties imposed in connection with and/or as a consequence of (any
use of) the Website and the Content, even if advised of the possibility of such damages. 

7. Privacy Policy

The DSA processes information about you in accordance with the DSA's Privacy Policy. By using the Website and/or the Content, you consent to such processing and you warrant that all data provided by you is accurate. 

8. Jurisdiction and Applicable Law

All matters relating to your access and use of the Website and Content shall be governed by the laws of the
Netherlands. All disputes arising in connection with such access and use shall be submitted to the competent
court in Amsterdam.

9. Your Concerns and Removal of Information

Should you, despite all care and attention being paid to the Website and/or the Content, encounter any material
on the Website and/or the Content of which you are of the opinion that this infringes your rights or which you
consider to be otherwise unlawful, you can file a written substantiated request to info@dutchsecuritisation.nl
in order to have this information removed from the Website and/or the Content. If you have any other concerns
about material which appears on the Website and/or in the Content, please contact info@dutchsecuritisation.nl.

Thank you for visiting our Website. 

Copyright © 2014 Dutch Securitisation Association. All rights reserved.