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 "Kempinski" 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.