Gridspot Privacy Policy Last updated: March 2012

We have designed the Gridspot Software to let you share your computer’s idle resources. To do this, we automatically collect information about your computer, usage of our services, and a limited amount of personal information when you sign up for our service. While this allows us to offer you the best service possible, we understand the critical importance of personal privacy and want you to understand how we handle your personal information.

WHY WE COLLECT INFORMATION

We collect information in connection with your use of Gridspot in order to improve and optimize your experience with Gridspot as we, for example, select which computers might be suited for Gridspot, or customize when and how we get files and do computations on your computer. The types of information we collect from our users are described below.

WHAT INFORMATION WE COLLECT

Anonymous Data: When you use Gridspot, we may collect technical and usage information, such as computer operating system information, Internet protocol address, geographic information, computer technical specifications, information about software errors in Gridspot, and how often your computer is not being used.

Account Data: When you create an account on our service, we ask for your name, email address, and other similar information.

HOW WE USE THE INFORMATION WE COLLECT

Non-Personally Identifiable Information: Gridspot only uses Non-PII data (such as anonymous usage data, platform types, etc.) in aggregate form, that is, as a statistical measure to improve our product, and not in a manner that would identify you personally. As part of this use of information, we may provide aggregate information to our partners about how our users, collectively, use Gridspot. We may share Non-PII with interested third parties to help them understand the usage patterns for certain Gridspot services.

Personally Identifiable Information: We use PII to provide our services, including email notifications to our users.

PII refers to any information that identifies or can be used to identify, contact, or locate the person to whom such information pertains. This includes information that is used in a way that is personally identifiable, including linking it with identifiable information from other sources, or from which other PII can easily be derived, including, but not limited to, name, address, phone number, and email address.

Except as otherwise described in this privacy statement, Gridspot will not disclose PII, if collected at all, to any third party unless required to do so by law or subpoena or if we believe that such action is necessary to (a) conform to the law, comply with legal process served on us or our affiliates, or investigate, prevent, or take action regarding suspected or actual illegal activities; (b) to enforce our Terms of Use, take precautions against liability, to investigate and defend ourselves against any third-party claims or allegations, to assist government enforcement agencies, or to protect the security or integrity of our site; and (c) to exercise or protect the rights, property, or personal safety of Gridspot, our users or others.

SECURITY

Gridspot uses commercially reasonable physical, managerial, and technical safeguards to preserve the integrity and security of your information. We cannot, however, ensure or warrant the security of any information you transmit to Gridspot and you do so at your own risk. Once we receive your transmission of information, Gridspot makes commercially reasonable efforts to ensure the security of our systems. However, please note that this is not a guarantee that such information may not be accessed, disclosed, altered, or destroyed by breach of any of our physical, technical, or managerial safeguards.

In the event that PII is compromised as a result of a breach of security, Gridspot will promptly notify those persons whose PII has been compromised, in accordance with the notification procedures set forth in this Privacy Policy, or as otherwise required by applicable law.

CHILDREN'S PRIVACY

Protecting the privacy of young children is especially important. For that reason, Gridspot does not knowingly collect or solicit PII from anyone under the age of 13 or knowingly allow such persons to register. If you are under 13, please do not send any PII about yourself to us, including your name, address, telephone number, or email address. No one under age 13 is allowed to provide any PII to or on Gridspot. In the event that we learn that we have collected PII from a child under age 13 without verification of parental consent, we will delete that PII as quickly as possible. If you believe that we might have any PII from or about a child under 13, please contact us at privacy@gridspot.com.

NOTIFICATION PROCEDURES

It is our policy to provide notifications, whether such notifications are required by law or are for other business related purposes, to you via conspicuous posting of such notice on our software, as determined by Gridspot in its sole discretion. We reserve the right to determine the form and means of providing notifications to you, provided that you may opt out of certain means of notification as described in this Privacy Policy.

POLICY CHANGES

The effective date of this Privacy Policy is March 27, 2012.

This Privacy Policy may be updated from time to time.

QUESTIONS OR CONCERNS

If you have any questions or concerns regarding Gridspot's Privacy Policy, please send us a detailed message to privacy@gridspot.com. We will make every effort to resolve your concerns.