Common use of Securities Law Acknowledgment Clause in Contracts

Securities Law Acknowledgment. Awardee understands that the Plan, the Award Agreement and all other materials Awardee may receive regarding participation in the Plan do not constitute advertising or an offering of securities in Russia. The Shares to be issued at vesting of the Stock Award have not and will not be registered in Russia. Therefore, the Shares and any other securities described in any Plan-related documents may not be used for public offering or public circulation in Russia. In no event will Shares issued to Awardee pursuant to the Stock Award be delivered to Awardee in Russia; Shares issued to Awardee pursuant to the Stock Award shall be delivered to Awardee through the External Administrator and its affiliated companies (or another Company-designated broker) in the United States and kept on Awardee’s behalf in the United States. Awardee is not permitted to sell Shares directly to other Russian legal entities or residents.

Securities Law Acknowledgment. The Awardee understands that the Plan, the Award Agreement and all other materials the Awardee may receive regarding participation in the Plan do not constitute advertising or an offering of securities in Russia. The Shares to be issued at vesting exercise of the Stock Award Option have not and will not be registered in Russia. Therefore, the Shares and any other securities described in any Plan-related documents may not be used for public offering or public circulation in Russia. In no event will Shares issued to the Awardee pursuant to the Stock Award Option be delivered to the Awardee in Russia; Shares issued to the Awardee pursuant to the Stock Award Option shall be delivered to the Awardee through the External Administrator and its affiliated companies (or another Company-designated broker) in the United States and kept on the Awardee’s behalf in the United States. The Awardee is not permitted to sell Shares directly to other Russian legal entities or residents.

Securities Law Acknowledgment. The Awardee understands that the Plan, the Award Agreement and all other materials the Awardee may receive regarding participation in the Plan do not constitute advertising or an offering of securities in Russia. The Shares to be issued at vesting exercise of the Stock Award Option have not and will not be registered in Russia. Therefore, the Shares and any other securities described in any Plan-related documents may not be used for public offering or public circulation in Russia. In no event will Shares issued to the Awardee pursuant to the Stock Award Option be delivered to the Awardee in Russia; Shares issued to the Awardee pursuant to the Stock Award Option shall be delivered to the Awardee through the External Administrator and its affiliated companies (or another Company-designated broker) in the United States and kept on the Awardee’s 's behalf in the United States. The Awardee is not permitted to sell Shares directly to other Russian legal entities or residents.