KAYAK CAPITAL

Mortgage, securities, residential real estate, commercial, and rental real estate lending services; providing financing, mortgage underwriting, arranging of loans, and funding in the nature of loans for acquiring, purchasing, and refinancing, all of the foregoing in the field of real estate; providing investment and financial advice relating to the purchase and mortgage of real estate; real estate consultancy in the nature of assisting others with the purchase and mortgage of real estate; investment of funds for others in real estate and mortgage products; and investment funds for others in the field of real estate; none of the foregoing including investment of funds for others in securities or requiring reliance, for any pooled investment vehicle, on an exemption other than 15 U.S.C. 80a-3(c)(5)