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THE PROSPECTIVE BUYER IS ADVISED THAT THE « KEMPINSKI GRACE BAY RESORT, TURKS & CAICOS » IS DEVELOPED, FINANCED, MARKETED AND SOLD SOLELY BY «BLUE CONCH HOLDING IV. LTD.» (THE ‘DEVELOPER’), A COMPANY INDEPENDENT FROM THE KEMPINSKI GROUP. THE «KEMPINSKI» NAME IS USED BY THE DEVELOPER SOLELY FOR THE PURPOSES OF MARKETING AND SELLING THE UNITS UNDER A LICENCE FROM KEMPINSKI HOTELS SA. THE ROLE OF THE KEMPINSKI GROUP FOLLOWING THE SALE OF THE UNITS BY THE DEVELOPER, THE ROLE OF THE KEMPINSKI GROUP IS LIMITED TO THE SUPERVISION, DIRECTION AND CONTROL OF THE MANAGEMENT OF THE VILLAS AND RESIDENCES BY THE OWNER AND THE GRANT OF THE RIGHT TO USE THE KEMPINSKI NAME AND TRADEMARK AS AN IDENTIFIER OF THE VILLAS AND RESIDENCES ONLY.