CLIENT CERTIFICATION OF DUTY
TO ABIDE BY NATIONAL AND
INTERNATIONAL SANCTIONS

Client hereby explicitly and consciously affirms, confirms and agrees that within the scope of collaboration with the of YOTTADS LTD " (hereinafter – the YOTTADS) he/she takes on the following obligations:

  • 1
    to abide by the legislation (including laws, regulations, decisions, resolutions) of the Republic of Cyprus, the EU and the UN that includes and/or relates to the application of sanctions and other restrictions concerning a range of persons, jurisdictions and territories, including but not limited to: Iran, Syria, Northern Korea, the Crimea, Northern Sudan, and Burma (Myanmar);
  • 2
    to abide by the legislation of the USA that includes and/or is related to the application of sanctions and other limitations when sending and receiving money transfers in the currency – US dollars, and when the Client makes transactions and deals with the financial instruments and securities denominated in US dollars and/or emitted by the issuers situated at the USA and/or traded on the stock exchanges located at the USA and/or which are kept and accounted in a depository situated at the USA and/or these financial instruments are in any fashion whatsoever related to the USA in the understanding of the legislation of the USA, and/or other transactions and undertakings in US dollars;
  • 3
    not to perform activities either deliberately or negligently, either directly or indirectly which break or which might result in breach of the legal provisions, sanctions and restrictions mentioned in Clause 1 and 2 herein;
  • 4
    in the course of the activity either deliberately or negligently, either directly or indirectly not to use and not let any third party use any account of the Client with the YOTTADS so that the YOTTADS in any way whatsoever may be used or involved in violation of the legal provisions, sanctions and restrictions described in Clause 1 and 2 herein;
  • 5
    not to enter, immediately terminate and not to support business relationships with the persons who break or may be involved in breach of the legal provisions, sanctions and limitations mentioned in Clause 1 and 2 herein;
  • 6
    at the first request of the YOTTADS in a form fixed by the YOTTADS to immediately submit information and documents regarding the Client’s business and professional activities, including documents related to the third persons directly or indirectly taking part in the Client’s transactions.

By signing this Certification below the Client recognizes and confirms that in the event of violation of the above mentioned clauses of this Certification:

  • 1
    the YOTTADS is holds the right to dismiss and/or stop any activities, operations, and steps and accounts of the Client with the YOTTADS and immediately, unilaterally and without an approval by the Client, terminate all legal relations with the Client and perform other actions stipulated by contractual relations between the YOTTADS and the Client;
  • 2
    the Client is fully legally liable towards the YOTTADS and third parties and undertakes to reimburse the YOTTADS for all damages the YOTTADS incurs due to the Client’s fault because of such violations;
  • 3
    the rights of the YOTTADS mentioned in this Certification supplement other rights of the YOTTADS stipulated by YOTTADS LTD and Client Agreement and Terms and Conditions of YOTTADS LTD and Client Agreement, and other contractual relations between the YOTTADS and the Client and do not depend on other provisions of such documents. Failure by the YOTTADS to exercise its rights established in accordance with this Statement does not imply the YOTTADS’s refusal to exercise such rights.