RECITALS
The Parties have engaged in and are continuing to engage in discussions relating to a potential sale by Seller and the purchase by Buyer of one or more portfolios of real estate owned properties, performing or nonperforming real estate notes, and other similar and related assets (collectively the “Transaction”). During the course of the discussions, a Party may have become and may continue to become privy to, have access to, receive or inspect certain information, documents, analyses, proprietary information, pricing schedules, strategies, customer information, financial and business information relating to the other Parties and its/their business, assets, operations, guidelines, prospects, customer information, products, administration, loan portfolio source information, or financial condition, and other matters which the Parties deem confidential. The information exchanged between the Parties is hereinafter collectively referred to as the “Confidential Information.”