Compliance

Statement of our policy and commitment

It is the policy of A.I. Armaments and all its subsidiaries and affiliates (“AIA”) to comply with all export control laws and regulations pertaining to its operations. Compliance with U.S., EU, and NL export controls is seen as a fundamental condition for the successful participation by AIA in all of its (inter)national programs. Violation of any export controls may result in serious consequences for AIA. Administrative or criminal penalties, substantial fines, exclusion from participation in a program, and also great harm to the AIA’s reputation can be the result of such a violation.

AIA is therefore committed to provide sufficient resources to prevent violations from taking place and to comply with applicable U.S. export control requirements. AIA will conduct all of its export-related activities, including sales, brokering (as per defined regulations) shipments, disposal of products, (re)transfers and (re)exports of technology, articles, and defense services in a manner intended to satisfy its obligations under the export laws and regulations of the United States, the European Union, and the Netherlands.

AIA is committed to complying with these laws and regulations not only because it is the right thing to do for national security and other reasons, but also because our business depends on it. Failure to comply with all the export control laws and regulations will jeopardize our ability to export or handle controlled products, and could tarnish our reputation for ethical and responsible conduct. We are committed to knowing how our products, technology, and services are treated for U.S., EU, and NL export control purposes, including knowing which laws govern their respective exports. We also are committed to knowing which countries and parties are involved in a proposed export transaction because certain U.S., EU, and NL export laws prohibit transactions involving certain countries, entities, or individuals even if the transaction would otherwise be permissible based on the nature of the product, technology, or service. We must therefore be diligent and aware of the scope of proposed transactions to ensure all export control laws are complied with.

We are committed to dedicating the resources necessary to have a robust internal controls program. To that end, we are committed to having an export compliance staff designated as point persons for any internal queries as to best practices and ensuring compliance.

In summary our commitment to trade compliance includes (but is not limited to):

1. Compliance with all applicable laws and regulations governing international trade, including but not limited to import and export controls, sanctions, anti-boycott regulations, and anti-corruption laws.
2. Conducting due diligence on our partners, including suppliers, agents, distributors, and customers, to ensure they comply with applicable trade laws and regulations.
3. Providing training and resources to our employees and partners to promote awareness and understanding of trade compliance requirements.
4. Maintaining accurate and complete records of all transactions and activities related to international trade, as required by law.
5. Promptly reporting any suspected violations of trade laws or regulations to the appropriate authorities and taking appropriate corrective action.

We expect all of our employees and partners to uphold these standards of trade compliance and to act with integrity and ethical behavior in all of their business dealings. We recognize that trade compliance is a shared responsibility, and we are committed to working collaboratively with our partners to ensure that we all comply with applicable laws and regulations.

If you have any questions related to AIA’s Compliance Program, please contact the Compliance Director at the following contact information: compliance@ai-armaments.com