Sanctions Policy 

1. Purpose:
The Compliance with Sanctions Policy outlines the measures that contractors/sub-contractors must follow to comply with economic sanctions laws and regulations, including those imposed by various governments and international bodies. 

2. Scope:
Contractors/sub-contractors must establish a policy that identifies countries, entities and individuals subject to sanctions that apply to its operations.. 

3. Prohibited Activities:
a. Engaging in any transactions, business activities, or dealings with sanctioned countries, entities, or individuals without proper authorization.
b. Concealing or attempting to conceal the involvement of sanctioned parties in any transactions.
c. use the received goods/services in violation of the Laws, including (i) to a sanctioned person/-s; or (ii) for any purpose or use prohibited by any applicable government, such as for nuclear, chemical, or biological weapons production or proliferation.

4. Prohibited party:
Contractor represents and warrants that it does not intend to and will not, directly or indirectly, use the received goods/services to any party located in Cuba, Iran, North Korea, Syria, Russia, non-government controlled Ukrainian territory, or any other embargoed or sanctioned country or territory, or to any restricted party wherever located, in violation of any law.

5. Screening Procedures:
The company should implement screening procedures to regularly review business partners, clients, suppliers, and other stakeholders to ensure compliance with sanctions regulations.

6. Training and Awareness:
All Personnel involved in international business or transactions must receive training and awareness sessions regarding the company's compliance with sanctions policy.

7. Escalation and Reporting:
Procedures should be established to escalate and report any potential or actual violations of sanctions laws to the appropriate authorities.

8. Record Keeping:
The company must maintain accurate and detailed records of all transactions and activities to demonstrate compliance with sanctions laws.

9. Penalties for Non-Compliance:
Contractor agrees to indemnify, defend, and hold harmless the AUTEX and their respective directors, employees, agents, supplyers and assigns, against any demands, liabilities, fines, penalties, losses, and damages (including costs, investigation and litigation expenses and counsel fees incurred in connection therewith) arising from or related to non-compliance with the Sanctions Policy.