Common use of Economic and Financial Sanctions Clause in Contracts

Economic and Financial Sanctions. Each of the Party represents and warrants to the other that the performance of any obligation provided under this Contract will be executed in full compliance with any applicable economic and financial sanctions laws and regulations issued by the European Union and its member states, the United States of America, the United Kingdom and the United Nations that may be potentially applicable to the performances of the Contract (hereinafter “Sanctions Laws”). None of the Party shall be obliged to perform any obligation otherwise required by this Contract if such performance would not be compliant with, violate, or would otherwise expose such Party to punitive measures by a competent authority under Sanctions Laws. Each Party represents and warrants that it or any of its affiliates providing services in connection with the Contract, is not: (i) person, entity or body subject to asset freeze provisions and/or other restrictive measures under the Sanctions Laws; or (ii) owned or controlled by, or acting for or on behalf of, directly or indirectly, a natural or legal person, entity or body subject to asset freeze provisions and/or other restrictive measures under the Sanctions Laws. Each Party agrees that it will as soon as possible provide written notice to the other Party upon the occurrence of any event that would result in a breach of the foregoing representations and warranties. Where any Party would be in violation of the above obligations, representations and warranties, the other Party can immediately terminate the Contract, without any liability whatsoever. Made and entered into by duly authorized representatives of the Parties: For and on behalf of For and on behalf of ENI S.p.A. [DATE / PLACE of signature] * Name(s): [●] Name(s): Title(s): [●] Title(s): ………………………………..……. …………………………….............. For express acceptance of the following clauses by the SHIPPER:

Economic and Financial Sanctions. Each of the Party represents and warrants to the other that the performance of any obligation provided under this Contract will be executed in full compliance with any applicable economic and financial sanctions laws and regulations issued by the European Union and its member states, the United States of America, the United Kingdom and the United Nations that may be potentially applicable to the performances of the Contract (hereinafter “Sanctions Laws”). None of the Party shall be obliged to perform any obligation otherwise required by this Contract if such performance would not be compliant with, violate, or would otherwise expose such Party to punitive measures by a competent authority under Sanctions Laws. Each Party represents and warrants that it or any of its affiliates providing services in connection with the Contract, is not: (i) person, entity or body subject to asset freeze provisions and/or other restrictive measures under the Sanctions Laws; or (ii) owned or controlled by, or acting for or on behalf of, directly or indirectly, a natural or legal person, entity or body subject to asset freeze provisions and/or other restrictive measures under the Sanctions Laws. Each Party agrees that it will as soon as possible provide written notice to the other Party upon the occurrence of any event that would result in a breach of the foregoing representations and warranties. Where any Party would be in violation of the above obligations, representations and warranties, the other Party can immediately terminate the Contract, without any liability whatsoever. Made and entered into by duly authorized representatives of the Parties: For and on behalf of For and on behalf of ENI XXX S.p.A. [COMPANY NAME] [DATE / PLACE of signature] [DATE / PLACE of signature]* Name(s): [●] Name(s): [●] Title(s): [●] Title(s): [●] ………………………………..……. …………………………….............. For express acceptance of the following clauses by the SHIPPER: