Foreign Investment Regulations. Each Purchaser represents that any consideration to be paid for Securities pursuant to this Agreement does not derive from activity that is or was contrary to law or from a person or location that is or was the subject of a United States embargo or other economic sanction and that no consideration to be paid for Securities in accordance with this Agreement will provide the basis for liability for any person under United States anti-money laundering laws or economic sanctions laws. Each Purchaser represents that neither such Purchaser nor any of its nominees or affiliates is on the specially designated OFAC list or similar European Union watch list.
Foreign Investment Regulations. KIA represents that any consideration to be transferred for Preferred Shares pursuant to this Agreement does not derive from activity that is or was contrary to law or from a person or location that is or was the subject of a United States embargo or other economic sanction and that no consideration to be paid for the Preferred Shares in accordance with this Agreement will provide the basis for liability for any person under United States anti-money laundering laws or economic sanctions laws. KIA further represents that neither KIA nor any of its nominees or affiliates is on the specially designated OFAC list or similar European Union watch list.
Foreign Investment Regulations bSpace represents that any consideration to be transferred for Conversion Shares pursuant to this Agreement does not derive from activity that is or was contrary to law or from a person or location that is or was the subject of a United States embargo or other economic sanction and that no consideration to be paid for the Conversion Shares in accordance with this Agreement will provide the basis for liability for any person under United States anti-money laundering laws or economic sanctions laws. bSpace further represents that neither bSpace nor any of its nominees or affiliates is on the specially designated OFAC list or similar European Union watch list.
Foreign Investment Regulations. Each Seller represents that any consideration to be paid for the shares of Buyer pursuant to this Agreement does not derive from activity that is or was contrary to law or from a person or location that is or was the subject of a United States embargo or other economic sanction and that no consideration to be paid for the shares of Buyer in accordance with this Agreement will provide the basis for liability for any person under United States anti-money laundering laws or economic sanctions laws. Each Seller represents that neither such Seller nor any of its nominees or affiliates or underlying accredited investors is on the specially designated OFAC list or similar European Union watch list.
Foreign Investment Regulations. Neither the Purchaser, to the extent applicable, any of the Purchaser’s directors or officers nor any of its subsidiaries, nor, to the knowledge of the Purchaser, any of the Purchaser’s controlled affiliates, any employee, agent or other person associated with or acting on behalf of the Purchaser or any of its subsidiaries is an individual or entity (“Person”) that is, or is owned or controlled by one or more Persons that are: is: (i) currently the subject or the target of any sanctions administered or enforced by the Office of Foreign Assets Control of the U.S. Treasury Department, the U.S. Department of State, the United Nations Security Council, the European Union, Her Majesty’s Treasury, or other relevant sanctions authority (collectively, “Sanctions”); or (ii) located, organized or resident in a country or territory that is the subject or target of Sanctions (including, without limitation, the Crimea Region and the non-government controlled areas of the Zaporizhzhia and Kherson Regions of Ukraine, the so-called Donetsk People’s Republic, the so-called Luhansk People’s Republic and any other Covered Region of Ukraine identified pursuant to Executive Order 14065, Cuba, Iran, North Korea and Syria).
