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not entertain any claims for damage or loss during

shipping and transit. Subject to the authenticity

guarantee above, neither

Our

suppliers nor

Us

, nor

any of

Our

employees or agents, shall be responsible,

either for the correctness of any statements as

to the authorship, origin, date, age, attributes or

genuineness of any

Lot

in the sale, or for any mistakes

in the description of the

Lots

, or for any faults or

defects in the

Lots

, or for any other act or omission

whatsoever.

We

offer no guarantee or warranty other

than the limited guarantee set out in paragraph 7

above.

9.2 The rescission of the sale and the refund of the total

sale price paid by the winning bidder is the sole

remedy that may be sought by a winning bidder,

and such remedy is exclusive and in lieu of any other

remedy which may otherwise be available under

law.

We

shall not be liable for any incidental or

consequential damages incurred or claimed.

10. Copyright

All content of

Our Auction Catalogue

, the print catalogue,

eCatalogue and content on the

Website

and

MobileApp

are copyright protected in favour of “Saffron Art

Private Limited”. All trademarks, names, brand names,

etc. used in the print

Auction Catalogue

and on

the

Website

and

MobileApp

are either trademarks or

registered trademarks of Saffron Art Private Limited, or of

their respective owners. Any rights not expressly granted

herein are reserved. No image, illustration or written

material maybe used or required without

Our

prior written

permission.

We

and the seller(s) make no representation or

warranty that the winning bidder of a

Lot

will acquire any

copyright or other reproduction rights in it.

11. Legal Notices

11.1

We

may validly serve a bidder with legal notice, if

required, under these conditions of sale by:

(i) sending an email to the email address disclosed by

the bidder to

Us

; or

(ii) sending a courier to the address disclosed by the

bidder to

Us

.

11.2 Such legal notice shall be deemed to have been

properly served:

(i) in the case of email transmission - on the date of

the transmission; or

(ii) in case of transmission by courier - 2 (two) business

days after the dispatch of the notice by courier.

12. Waiver

No failure or delay in exercising any right, power, privilege

or remedy under these conditions for sale shall in any way

impair or affect the exercise thereof or operate as a waiver

thereof in whole or in part. No single or partial exercise of

any right, power, privilege or remedy under these conditions

for sale shall prevent any further or other exercise thereof or

the exercise of any other right, power, privilege or remedy.

13. Severability

If any part of these conditions of sale between the winning

bidder and

Us

is found by any court of law to be invalid,

illegal or unenforceable, that part may be discounted and

the rest of the conditions shall be enforceable to the fullest

extent permissible by law.

14. Governing Law and Jurisdiction

These conditions for sale are subject to the laws of India. All

parties are subject to the exclusive jurisdiction of courts at

Mumbai, Maharashtra, India.

GLOSSARY

Antiquities Act

: The Antiquities and Art Treasures Act,

1972 and any amendments made thereto from time to

time.

Antiquity/Antiquities

: An

Antiquity

as per Section 2 of

the

Antiquities Act

and registered under the provisions of

Sections 14 and 16 of the

Antiquities Act

.

Auction Catalogue

: The catalogue published by

Us

,

whether in print, on the

MobileApp

or on the

Website

,

containing details of the auction along with the description,

price and other details of

Antiquities

to be offered for

sale at such auction. In case of any discrepancy between

the print

Auction Catalogue

, the

MobileApp Auction

Catalogue

, the online

Auction Catalogue

and/or the

eCatalogue, the online

Auction Catalogue

, as modified

by

Us

from time to time, shall take precedence.

Buyer’s Premium

: The amount charged by

Us

from the

winning bidder for services rendered by

Us

, in accordance

with these conditions for sale, in connection with the

purchase of the

Lots

by the winning bidder.

Lot/Lots

: A property, including an

Antiquity

, to be offered

at the auction, or two or more properties/

Antiquities

to

be offered at the auction as a group.

MobileApp

: Mobile application developed by

Us

for,

inter

alia

, providing a mobile auction platform for the auction.

Our/ Us/ We

: Saffron Art Private Limited.

Reserve Price

: The minimum price that a seller has

communicated to

Us

as being acceptable for the sale of a

Lot

through the auction.

Rules

: The Antiquities and Art Treasure Rules, 1973 and any

amendments made thereto from time to time.

Technical Downtime

: The time period during which

the

Website

or its server is not in operation due to a

malfunction.

Website

:

www.saffronart.com,

Our

website for,

inter alia

,

providing an online auction platform for the auction.

ABSENTEE/PROXY BID FORM

CLASSICAL INDIAN ART | EVENING SALE | MUMBAI | LIVE | 9 MARCH 2017

Name:

Email:

Address:

City:

Pin/Post Code:

Country:

Tel (mobile):

Tel (office/home):

Saffronart username:

Signature

Lot No.

Artist/Description

Maximum Bid Amount in INR

To enter absentee/proxy bids, please sign the completed form and email it to

auction@saffronart.com,

or fax it to +91 22 2432

1187. You may also submit absentee/proxy bids online. For additional information, please refer to our ‘Frequently Asked

Questions (FAQs)’ section at the back of the catalogue.

“I request Saffronart, without legal obligation on its part, to bid on the Lots listed below, up to the maximum price I have

specified. I agree that my Bid will be treated as an offer and is subject to the Conditions for Sale listed in the catalogue and on

saffronart.com

. I understand that Saffronart is accepting written Bids for the convenience of clients and I will not hold it liable

for failure to record my Bid. I understand that a maximum Bid, once recorded, may not be cancelled.”

Please print clearly in capital letters. Please mention the lot number and description accurately (artist name, title). Bidders are required to provide all invoicing

details prior to the sale. The bidder as registered with Saffronart will be invoiced, and no invoices will be changed after the sale.