THIS IS A PROMOTIONAL CERTIFICATE ISSUED BECAUSE OF YOUR PARTICIPATION IN THE I PREFER PROGRAM. Can only be redeemed at Participating Hotels, as defined in the Program Terms, that are actively participating in the I Prefer Program at the time of payment for room charges (excluding tax) and, in the Participating Hotel's discretion, for hotel services (e.g. dining and spa services). Reward Certificates cannot be used for any pre-paid charges including room charges. The current list of Participating Hotels is at www.IPrefer.com/Directory. If the Reward Certificate is applied to a charge in a different currency than the Reward Certificate, the Participating Hotel will convert the Reward Certificate at an exchange rate determined by the Participating Hotel. If your purchase exceeds the unused balance of this Reward Certificate, you must pay the excess at the time of payment. Reward Certificates are single use during one stay and are not redeemable for cash even if the total charges for the stay are less than the amount shown on the face of the Reward Certificate. The Reward Certificate cannot be sold. Reward Certificate void where prohibited. Cannot be replaced if lost, stolen, or used without authorization. Use of the Reward Certificate is subject to I Prefer Program Terms, available at www.IPrefer.com/Terms-and-Conditions. Issued by Preferred Hotel Group, Inc.