Common use of ESTABLISHMENT OF RELATIONSHIP Clause in Contracts

ESTABLISHMENT OF RELATIONSHIP. 2.1. Upon the earlier, submission and completion by the Affiliate of the Affiliate Application Form or execution by the Affiliate of this Agreement, the Master Affiliate shall conduct an initial review of the Affiliate. In the event the Master Affiliate is willing to enter into this Agreement with the Affiliate, the Master’s Affiliate authorized representative (the “Affiliate Manager”) shall contact the Affiliate using the contact details provided by the Affiliate in the Affiliate Application Form or otherwise and notify the Affiliate about provisional acceptance thereof as the Licensed Companies’ affiliate and about commencement by the Master Affiliate of the Affiliate due-diligence, KYC and verification process (the “Verification Process”). 2.2. As soon as reasonably practicable after giving notice to the Affiliate under Clause 2.1 above, provide to the Master Affiliate such documents as the Master Affiliate shall determine in its sole discretion for the purposes of completion of the Verification Process and as may be required for the purposes of the Licensed Companies complying with the Applicable Laws and Regulations. 2.3. Without prejudice to the generality of the foregoing, the Affiliate shall provide to the Master Affiliate copies of the following documentation:(i) If the Affiliate is a natural person, the Affiliate’s proof of residence and proof of identity in a form satisfactory to the Master Affiliate;(ii) If the Affiliate is a body corporate, copies of all statutory documents of the Affiliate, including but not limited to its memorandum and articles of association, certificate of incorporation, proof of registered address, register of directors and shareholders, certificate of good standing; and (iii) Detailed description of the Affiliate’s source(s) of traffic (Digital and offline) which the Affiliate intends to use for the purposes of introducing potential clients to the Licensed Companies, including web-address of the Affiliate’s web-site(s) and details of any off-line media or other activities operated by the Affiliate (“Traffic”). 2.4. The Affiliate shall only obtain Traffic, including a web- site, which have been communicated and approved by the Master Affiliate during the Verification Process. Where the Affiliate wishes to use additional and/or different Traffic, these shall be communicated and approved by the Master Affiliate prior to being used by the Affiliate for the purpose of providing the Services. 2.5. The Affiliate shall ensure that all and any documents requested from it under this Clause 2 are provided to the Master Affiliate in a form satisfactory to the Master Affiliate before the date of any remuneration payment becoming due to the Affiliate under this Agreement. The Affiliate understands and agrees that the Master Affiliate reserves the right to withhold any remuneration and any other payments due to the Affiliate hereunder until the Verification Process is completed to the Company’s satisfaction. The Affiliate Manager shall notify the Affiliate of successful completion of the Verification Process. 2.6. The Affiliate shall immediately notify the Master Affiliate in writing in the event of any changes to its circumstances (or in the event where the Master Affiliate notifies the Affiliate that it has become aware of such changes) that cause any of the documents submitted to the Master Affiliate during the Affiliate Verification Process be outdated or invalid, and shall henceforth provide to the Master Affiliate accurate and up-to-date documents reflecting any such changes.

ESTABLISHMENT OF RELATIONSHIP. 2.1. 2.1 Upon the earlier, earlier submission and completion by the Affiliate of the Affiliate Application Form or execution by the Affiliate of this Agreement, the Master Affiliate Company shall conduct an initial review of the Affiliate. In the event the Master Affiliate Company is willing to enter into this Agreement with the Affiliate, the MasterCompany’s Affiliate authorized representative (the “Affiliate Manager”) shall contact the Affiliate using the contact details provided by the Affiliate in the Affiliate Application Form or otherwise and notify the Affiliate about provisional acceptance thereof as the Licensed Companies’ Company’s affiliate and about commencement by the Master Affiliate Company of the Affiliate due-diligence, KYC and verification process (the “Verification Process”). 2.2. 2.2 As soon as reasonably practicable after giving notice to the Affiliate under Clause 2.1 above, the Affiliate Manager shall contact the Affiliate and inform him of the KYC, anti-money laundering and other verification and compliance documentation that the Affiliate will have to provide to the Master Company in the course of the Verification Process, including the documents specified in Clause 2.3 below. 2.3 The Affiliate shall, as soon as reasonably possible upon receipt of the communication from the Company under Clause 2.2 above, provide to the Company such documents as the Master Affiliate Company shall determine in its sole discretion for the purposes of completion of the Verification Process and as may be required for the purposes of the Licensed Companies Ava Group complying with the Applicable Laws and Regulations. 2.3. Without prejudice to the generality of the foregoing, the Affiliate shall provide to the Master Affiliate Company copies of the following documentation:(idocumentation: (i) If the Affiliate is a natural person, the Affiliate’s proof of residence and proof of identity in a form satisfactory to the Master Affiliate;(iiCompany; (ii) If the Affiliate is a body corporate, copies of all statutory documents of the Affiliate, including but not limited to its memorandum and articles of association, certificate of incorporation, proof of registered address, register of directors and shareholders, certificate of good standing; and and (iii) Detailed description of the Affiliate’s source(s) of traffic (Digital and offline) which the Affiliate intends to use for the purposes of introducing potential clients Clients to the Licensed CompaniesAva Group, including web-address of the Affiliate’s web-site(s) and details of any off-line media or other activities operated by the Affiliate (“Traffic”). 2.4. The Affiliate shall only obtain Traffic, including a web- web-site, which have been communicated and approved by the Master Affiliate Company during the Verification Process. Where the Affiliate wishes to use additional and/or different Traffic, these shall be communicated and approved by the Master Affiliate Company prior to being used by the Affiliate for the purpose of providing the Services. 2.5. 2.4 The Affiliate shall ensure that all and any documents requested from it under this Clause 2 are provided to the Master Affiliate Company in a form satisfactory to the Master Affiliate Company before the date of any remuneration commission payment becoming due to the Affiliate under this Agreement. The Affiliate understands and agrees that the Master Affiliate Company reserves the right to withhold any remuneration commission and any other payments due to the Affiliate hereunder until the Verification Process is completed to the Company’s satisfaction. The Affiliate Manager shall notify the Affiliate of successful completion of the Verification Process. 2.6. 2.5 The Affiliate shall immediately notify the Master Affiliate Company in writing in the event of any changes to its circumstances (or in the event where the Master Affiliate Company notifies the Affiliate that it has become aware of such changes) that cause any of the documents submitted to the Master Affiliate Company during the Affiliate Verification Process be outdated or invalid, and shall henceforth provide to the Master Affiliate Company accurate and up-to-date documents reflecting any such changes.

ESTABLISHMENT OF RELATIONSHIP. 2.1. 2.1 Upon the earlier, earlier of submission and completion by the Affiliate of the Affiliate Application Form or execution by the Affiliate of this Agreement, the Master Affiliate Company shall conduct an initial review of the Affiliate. In the event the Master Affiliate Company is willing to enter into this Agreement with the Affiliate, the MasterCompany’s Affiliate authorized representative (the “Affiliate Manager”) shall contact the Affiliate using the contact details provided by the Affiliate in the Affiliate Application Form or otherwise and notify the Affiliate about provisional acceptance thereof as the Licensed Companies’ Company’s affiliate and about commencement by the Master Affiliate Company of the Affiliate due-diligence, KYC and verification process (the “Verification Process”). 2.2. 2.2 As soon as reasonably practicable after giving notice to the Affiliate under Xxxxxx 2.1 above, the Affiliate Manager shall contact the Affiliate and inform him of the KYC, anti-money laundering and other verification and compliance documentation that the Affiliate will have to provide to the Company in the course of the Verification Process, including the documents specified in Clause 2.1 2.3 below. 2.3 The Affiliate shall, as soon as reasonably possible upon receipt of the communication from the Company under Clause 2.2 above, provide to the Master Affiliate Company such documents as the Master Affiliate Company shall determine in its sole discretion for the purposes of completion of the Verification Process and as may be required for the purposes of the Licensed Companies Company complying with the Applicable Laws and Regulations. 2.3. Without prejudice to the generality of the foregoing, the Affiliate shall provide to the Master Affiliate Company copies of the following documentation:(idocumentation: (i) If the Affiliate is a natural person, the Affiliate’s proof of residence and proof of identity in a form satisfactory to the Master Affiliate;(iiCompany; (ii) If the Affiliate is a body corporate, copies of all statutory documents of the Affiliate, including but not limited to its memorandum and articles of association, certificate of incorporation, proof of registered address, register of directors and shareholders, certificate of good standing; and and (iii) Detailed description of the Affiliate’s source(s) of traffic (Digital and offline) which the Affiliate intends to use for the purposes of introducing potential clients Clients to the Licensed CompaniesCompany, including web-address of the Affiliate’s web-site(s) and details of any off-off- line media or other activities operated by the Affiliate (the “TrafficTraffic Sources”). 2.4. The Affiliate shall only obtain Trafficuse Traffic Sources, including a web- web-site, which have been communicated and approved by the Master Affiliate Company during the Verification Process. Where the Affiliate wishes to use additional and/or different TrafficTraffic Source(s), these shall be communicated and approved by the Master Affiliate Company prior to being used by the Affiliate for the purpose of providing the Services. 2.5. 2.4 The Affiliate shall ensure that all and any documents requested from it under this Clause 2 are provided to the Master Affiliate Company in a form satisfactory to the Master Affiliate Company before the date of any remuneration commission payment becoming due to the Affiliate under this Agreement. The Affiliate understands and agrees that the Master Affiliate Company reserves the right to withhold any remuneration commission and any other payments due to the Affiliate hereunder until the Verification Process is completed to the Company’s satisfaction. The Affiliate Manager shall notify the Affiliate of successful completion of the Verification Process. 2.6. 2.5 The Affiliate shall immediately notify the Master Affiliate Company in writing in the event of any changes to its circumstances (or in the event where the Master Affiliate Company notifies the Affiliate that it has become aware of such changes) that cause any of the documents submitted to the Master Affiliate Company during the Affiliate Verification Process be outdated or invalid, and shall henceforth provide to the Master Affiliate Company accurate and up-to-date documents reflecting any such changes. 2.6 The Affiliate acknowledges and accepts that in respect to marketing of investment services and client acquisition in Spain is carried out solely by authorised firms or through registered agents, as the marketing of services and client acquisition are reserved activities.