Compliance & Ethics Policy 

1. Statement of Ethical Commitment 

Company is committed to conducting business with the highest standards of integrity, ethics, and transparency, and in full compliance with all applicable laws and regulations. 

This commitment includes a zero-tolerance approach to bribery, corruption, violations of trade compliance regulations, competition law violations, and improper accounting practices. 

This policy forms part of Company’s overall Code of Conduct and applies to all employees, officers, directors, contractors, consultants, agents, intermediaries, and any other persons or entities acting on behalf of Company (collectively, “Personnel” and “Associated Persons”), across all jurisdictions in which Company operates. 

2. Anti-Bribery & Anti-Corruption Policy 

2.1 Purpose and Scope 

Company prohibits bribery and corruption in all forms and is committed to acting professionally, fairly, and with integrity in all business dealings. This policy applies globally to all business activities conducted by Company and its Personnel. 

2.2 Key Definitions 

• Bribery: Offering, promising, giving, requesting, agreeing to receive, or accepting anything of value (including cash, gifts, hospitality, favors, or other benefits) to improperly influence a business decision, official action, or secure an unfair advantage. 

• Corruption: Any abuse of entrusted power for private gain, including facilitation payments, kickbacks, or improper influence. 

• Public Official: Any government official or employee, employee of a state-owned or state-controlled entity, political party or candidate, official of a public international organization, or any family member or close associate of such persons. 

• Commercial Bribery: Improper payments or benefits offered or accepted in private-sector business dealings. 

2.3 Prohibited Conduct 

Company and its Personnel must never, directly or indirectly: 

• Offer, promise, give, authorize, solicit, or accept a bribe; 

• Make facilitation payments of any kind; 

• Provide excessive or inappropriate gifts, entertainment, or hospitality intended to influence decision-making; 

• Use third parties, intermediaries, or partners to circumvent anti-corruption obligations. 

Gifts and hospitality are permitted only when they are modest, reasonable, transparent, properly recorded, and not intended to influence improper performance. Thresholds (e.g., under USD 100 or equivalent) may require prior approval and documentation. 

2.4 Compliance Requirements 

Company shall: 

• Maintain accurate, complete, and transparent books and records reflecting all transactions, in compliance with applicable accounting, tax, and anti-corruption laws (including FCPA accounting provisions); 

• Implement adequate internal controls to prevent and detect violations; 

• Conduct risk-based due diligence on third parties (including agents, suppliers, and joint venture partners); 

• Provide mandatory, role-appropriate anti-corruption training; 

• Prohibit retaliation against individuals who report concerns in good faith. 

3. Accounting Integrity & Financial Transparency 

Company strictly prohibits the creation or use of undisclosed, off-book, or unrecorded funds, including “side funds,” “slush funds,” or informal cash reserves, for any purpose whatsoever. 

All financial transactions must be accurately recorded in Company’s books and supported by appropriate documentation. Falsification, concealment, or misrepresentation of records is strictly prohibited. 

4. Trade Compliance Policy 

4.1 Purpose and Scope 

Company is committed to full compliance with all applicable trade laws and regulations, including export controls, import regulations, economic sanctions, embargoes, and anti-boycott rules. This policy applies to all Personnel and all cross-border transactions involving goods, software, technology, services, or financial dealings. 

4.2 Key Areas of Compliance 

• Export Controls: Comply with all applicable export and re-export control laws (including U.S. EAR, ITAR where applicable, EU dual-use regulations, and local equivalents). Items must be correctly classified and required licenses or permits obtained prior to transfer. 

• Economic Sanctions & Embargoes: Company must not engage in transactions involving sanctioned countries, regions, entities, or individuals, including those listed on OFAC, EU, UN, or other applicable sanctions lists. 

• Import Compliance: Ensure accurate customs classification, valuation, country-of-origin declarations, and payment of applicable duties and taxes. 

• Anti-Boycott Rules: Refrain from participating in or supporting unsanctioned foreign boycotts, including those prohibited under U.S. anti-boycott laws. 

• Denied / Restricted Party Screening: Screen customers, suppliers, intermediaries, and transaction parties against applicable restricted party lists prior to engaging in business. 

4.3 Prohibited Conduct 

Company and its Personnel must not: 

• Export, re-export, or transfer controlled items without proper authorization; 

• Deal with sanctioned persons, entities, or countries without required licenses; 

• Provide false or misleading information in trade documentation; 

• Facilitate prohibited transactions indirectly through third parties. 

4.4 Compliance Requirements 

Company shall: 

• Conduct transaction screening and trade due diligence; 

• Implement controls over technology transfers and access; 

• Provide trade compliance training to relevant Personnel; 

• Obtain legal or compliance review for high-risk transactions. 

4.5 Reporting and Consequences 

Suspected trade compliance violations must be reported immediately to the Compliance Officer. Violations may result in severe civil or criminal penalties, loss of export privileges, reputational damage, and personal liability. 

5. Competition & Antitrust Compliance Policy 

Company is committed to fair, open, and lawful competition and complies with all applicable competition and antitrust laws in every jurisdiction in which it operates or where the effects of its business activities may be felt. 

Company and its Personnel must not: 

• Engage in price fixing, bid rigging, or coordination of pricing or commercial terms; 

• Allocate markets, customers, or territories with competitors; 

• Limit production or supply to distort competition; 

• Participate in group boycotts or other anti-competitive agreements; 

• Exchange competitively sensitive information with competitors. 

Personnel must avoid informal or social discussions with competitors that could give rise to competition law concerns. Mandatory competition law training shall be provided to relevant Personnel. 

6. Application of Rules to Customers and Third Parties 

6.1 Anti-Bribery & Anti-Corruption Commitments 

Customers represent, warrant, and covenant that: 

• They comply and will comply with all applicable anti-bribery and anti-corruption laws, including the U.S. FCPA, UK Bribery Act, and local laws; 

• Neither they nor their affiliates, officers, directors, employees, agents, or representatives have offered or provided improper payments or benefits in connection with Company’s business; 

• Suspected violations relating to the business relationship will be promptly reported to Company. 

Breach of these obligations may result in immediate termination and other remedies. 

6.2 Trade Compliance Commitments 

Customers represent, warrant, and covenant that: 

• They comply with all applicable export controls, sanctions, embargoes, and import laws; 

• They are not sanctioned or denied parties, nor located in sanctioned territories; 

• They will not misuse, divert, export, or re-export Company’s products, services, or technology in violation of applicable laws; 

• They will screen end users and provide accurate end-use and end-user certifications when requested.