Common use of Legal and Ethical Compliance Clause in Contracts

Legal and Ethical Compliance. Supplier declares that to the best of the Supplier’s knowledge: i. All diamonds and metals submitted for Sale have been purchased from legitimate sources not involved in funding conflict and in compliance with United Nations resolutions and the Xxxxxxxxx Process and have been sourced in compliance with all local laws to which Supplier is subject. ii. Based on personal knowledge and/or written guarantees from its suppliers, to the best of the Supplier’s knowledge, no diamonds or metals offered for Sale are connected in any way with any human rights violations (i.e. the mining or other means of production and refinement of the diamonds or metals did not involve murder, rape, physical violence or forced servitude). iii. No diamonds or metals offered for Sale are traded in violation of U.S sanctions or sourced from Marange, Zimbabwe or from other sources or locations banned or prohibited by Rapaport as informed to Supplier from time to time. iv. No diamonds offered for Sale are Russian Sourced or Sanctioned Products. This includes polished diamonds manufactured outside of Russia from rough diamonds purchased from Alrosa after February 24, 2022. “Russian Source” are rough or polished diamonds, gems and jewelry purchased from Russia after February 24, 2022, including polished diamonds and jewelry manufactured outside of Russia from these purchased items. “Sanctioned Products” are polished diamonds, gems and jewelry purchased from any individual or company following the date of their listing on the US OFAC sanctions list. This includes any company anywhere in the world that is 50% or more owned by any such sanctioned individual or company.