THE PROSPECTIVE BUYER IS ADVISED THAT THE "ARTLIFE KEMPINSKI RESIDENCES YEREVAN" ARE DEVELOPED, FINANCED,
MARKETED AND SOLD SOLELY BY RENSHIN LLC (THE “DEVELOPER”), A COMPANY INDEPENDENT FROM THE KEMPINSKI
GROUP, AND THE "KEMPIN"SKI" NAME IS USED BY THE DEVELOPER SOLELY FOR THE PURPOSES OF MARKETING AND
SELLING THE UNITS UNDER A LICENSE FROM KEMPINSKI HOTELS SA. THE ROLE OF THE KEMPINSKI GROUP FOLLOWING
THE SALE OF THE UNITS BY THE DEVELOPER IS LIMITED TO THE SUPERVISION, DIRECTION AND CONTROL OF THE
MANAGEMENT OF THE RESIDENCES BY OWNER AND THE GRANT OF THE RIGHT TO USE THE KEMPINSKI NAME AND
TRADEMARK AS AN IDENTIFIER OF THE RESIDENCES ONLY