Article 10 Anti-Corruption
1. Seller may not promise, promise to offer, offer, deliver, or convey any illegitimate benefits as sales commission, remuneration, profit sharing, shares, gifts, banquets, free trips, lower than fair market value, educational expenses, shares of non-publicly traded companies for free or lower price or any tangible or intangible benefits or interests to any employee and employee’s relative and close friends of Buyer. Any of such aforementioned violations shall be deem corrupt practice, and in such events, Buyer may:
(1) Bring a prosecution to Seller and claim for the criminal, unjust enrichment, torts, civil liability, et cetera in accordance with the applicable laws; and
(2) Claim for the punitive damage as ten times of the amount of the corrupt practice or 30% of the amount of previous transaction between Seller and Buyer (whichever is greater); and
(3) Suspend, stop or terminate any contracts or agreement with Seller and claim for all the losses and damages attributable to the corrupt practice; and
(4) Deduct or offset an equivalent sum to aforementioned damages and all the losses and damages against any bond or amount due and payable to Seller. Seller shall still be liable for the remaining sum after deduction of offset.
2. In the event that any employee of Buyer refuses to cooperate for no reason or demands or solicits any inappropriate personal benefits or interests, Seller shall advise the Complaint window of Buyer of any such report in strict confidence.