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:
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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), Republic of Belarus, Russian Federation;
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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;
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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;
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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;
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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;
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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:
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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;
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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;
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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.