Disclaimer

Last Updated: May, 2023

Art Sales Vault (“ASV,” “we,” “us,” or “our”) owns and operates https://www.artsalesvault.com/ (the “Site”), and provides related products, services, newsletters, and other offerings (collectively, including the Site, the “Services”). Please read our Terms of Use for detailed information about our Services and your legal obligations.

This Disclaimer (the “Disclaimer”) applies to the Site and Services owned, operated, and provided by ASV. This Disclaimer applies to and governs the use by you, the user (“User,” “you,” and “your”) of the ASV Services. Capitalized terms not defined in this Disclaimer have the meaning provided by our Terms of Use. By using the Site and/or the Services, you are agreeing to the terms of this Disclaimer and the accompanying Terms of Use. We encourage you to read this Disclaimer, and to use the information it contains to make an informed decision.

Our Services are designed to support your anti-money laundering compliance and risk management protocols, and to assist with your business transaction needs. In order to provide you with our Services, we rely on information you supply. NOTE:

• By completing any ASV Questionnaire, User warrants and represents that the information supplied is truthful and accurate in all material respects. User acknowledges that ASV will rely on the representations made herein in performing due diligence screenings. User agrees to indemnify hold ASV harmless in connection with any loss, liability, damages, costs and expenses (including any professional fees and reputational damage) that ASV may incur as a result of the Client furnishing to ASV any untruthful or inaccurate information.

• ASV provides a report to User (“ASV Report”) to assist the User in making an informed determination of whether or not to proceed with a transaction. The ASV Report relies on the information provided in the ASV Questionnaire. The User holds ASV harmless in the event that the ASV Report fails to identify adverse results. The Risk Codes identified in the ASV Report are based on AML regulations and best practices, and proprietary database designations in place as of the date of the ASV Report. Applicable regulations and database designations are subject to change from time to time. The purpose of the Risk Codes is to assist the User in assessing identified areas of potential risk. User is advised to consider the ASV Report in its entirety, as all questions and answers have been designed to work together and provide an understanding of the transaction as a whole. Although the founders of ASV are attorneys, neither the provision of the ASV Report to the User nor reliance by the User on any information or materials supplied on the Site constitutes legal advice and no attorney-client relationship between User and ASV is created thereby or otherwise. The information contained in the ASV Report in not legal advice. The sole purpose of the ASV Report is to provide the User with information for the User, in their sole discretion, to make their decision on whether to proceed with a transaction or business relationship.