to the agreement made with the Company in order for preventing any conflict of interests which may cause, still honor his obligations under such agreement on a continuous basis as well. The substance

and the purchaser having entered into the shareholders’ agreement according to the agreed terms. Event of default as a cause for termination If either party fails to perform any of its material

authority to impose sanctions or to order the CIS Operator of the ARFP Passport Fund to act or refrain from acting in case there is an action which may cause damages to the interest of members of the Passport

ongoing outbreak of COVID–19, forcing many customers to adjust their working method which have an effect on the operation and delivery of the Company's projects that cause the operation to be delayed than

in the operation may cause a material impact or damage to investors or the overall capital market. Clause 8 The approval for participation in a regulatory sandbox under this Notification shall lapse in

, as the case may be; (4) the operation under a regulatory sandbox is deficient and cannot be improved; (5) there is a reason to believe that the innovation used in the operation may cause a material

liabilities related to the period or payable amount. The company is able to estimate respectfully such liabilities value and being an encumbrance has an opportunity to cause a business loss economic interest

uncertain liabilities related to the period or payable amount. The company is able to estimate respectfully such liabilities value and being an encumbrance has an opportunity to cause a business loss economic

encumbrance has an opportunity to cause a business loss economic interest resources for settlement of such encumbrance. 19. Other liabilities means liabilities beyond specified in the items No. 12-18, namely

company cause the relevant executive or personnel who is responsible for such non-compliance to leave so as such person is no longer be related with the management company. Clause 6. The Office shall