TERMS AND GENERAL CONDITIONS:
Financial Services Management Framework Agreement
REV.: 002/260424
| 1. GENERAL CONDITIONS: A. The Client guarantees that its funds come entirely from lawful sources and not from any illicit drug trafficking or money laundering activity, terrorist group or illicit association and that they are free of all duties and taxes, freely transferable. B. The Client authorizes HNH ASSET HOLDING, LTD to manage and sign documents on his behalf before the different offices and bank managers with which he works. This authorization will be valid for the duration of the management procedure, execution, its renewal and expansion of the contracted services, and will end once all the operations subject to the order have been completed. |
| 2. GENERAL PROCEDURE: A. The Client must be the owner or beneficiary of the funds or assets that he presents in accordance with a legitimate and legally acquired title. B. The Client, depending on the type of transaction, must present the following compliance documents: C. Customer Information Sheet (CIS) or Soft KYC. D. Copy of the official supporting documentation and complete record of the bank or securities account where the funds or financial instruments are deposited. E. Certificate or copy of the contract for the acquisition or transfer of the instrument in favor of the client or proof of origin of the funds. F. Proof of funds in the form of a bank statement or screenshot. G. Once the documentation is received, HNH ASSET HOLDING,LTD. will carry out a DD (Due Diligence) in order to verify the data and information necessary for the preparation of an offer. H. The offer shall be issued by the Supplier that HNH ASSET HOLDING, LTD. has selected among its various supply partners. I. The offer will be sent to the Client who must return it signed as proof of conformity. The acceptance of the offer shall be incorporated as an Annex to this contract. |
| 3. ROLLS AND EXTENSIONS. The parties may agree in writing, within ten business days after the termination of an operation, to renew or extend the operation or to commence a new operation on the same terms. |
| 4. TAXES, INSTITUTIONAL COSTS. All parties hereto shall be individually and separately liable for their own taxes, fees or public costs. |
| 5. MODIFICATION OF THE AGREEMENT. Any amendment, alteration or modification of any part of this document shall have no force, effect or validity unless and until it is in writing and signed with the original signature in the PDF format of agreement by all signatories of the Parties to this Agreement. |
| 6. FORCE MAJEURE. The "FORCE MAJEURE" exception clause of the International Chamber of Commerce (ICC Publication No. 421Е) is hereby incorporated into and made an integral part of this Agreement. A Party cannot be considered in default if the reason is caused by force majeure. |
| 7. NC/ND. All rules and provisions of the International Chamber of Commerce currently in force (ICC500 Paris France) with respect to non-circumvention and non-disclosure of conciliation and arbitration are hereby incorporated by reference and form an integral part of this Agreement. All parties agree not to circumvent or attempt to circumvent any party to this or any future current or pending settlement for a period of five years from the execution of this Agreement. |
| 8. GOVERNING LAW. This Agreement shall be construed in accordance with international and European law generally and the laws of Ireland and its jurisdiction, and the obligations, rights and remedies of the parties under this Agreement shall be determined in accordance with such laws. |
| 9. NOTICES AND LANGUAGE. The Parties agree that any notices, designations, and consents between the Parties shall be in writing, and English shall be the language for all notices, designations and consents and for all Bank-to-Bank transaction documents and matters. In the event of translation into another language, only the English copy shall be the valid document. |
| 10. DIVISIBILITY. This Agreement shall be deemed severable, and the invalidity or unenforceability of any provision shall not affect the validity or enforceability of the other provisions of the Agreement. |
| 11. INDULGENCES, NOT WAIVERS. Neither the breach nor the delay by a Party in the exercise of any right, resource, power or privilege under this Agreement or Particular Conditions shall constitute a waiver thereof. No waiver shall be effective unless in writing and signed by the Party claiming to have granted the waiver. |
| 12. CONFIDENTIALITY. The terms and conditions of this Agreement are confidential between the Parties and will not be disclosed to anyone except to the extent necessary to enforce its terms. The Parties will treat any disclosure in violation of this section as a material violation of this Agreement. |
| 13. CONCLUSION The signing of any agreement with HNH that includes a link to these general terms and conditions shall constitute acceptance of these terms and conditions as a contractual addendum or supplement. |
| 14. EDT - TRANSMISSION OF ELECTRONIC DOCUMENTS AND COUNTERPARTS. All facsimile/electronic transmissions/communications relating to the services provided by HNH shall be considered legally binding and enforceable documents for the duration of the provision of the service. |