In order to create a legitimate, open and fair transaction environment, Party B has voluntarily agreed to execute the Supplier Anti-Bribery Undertaking Letter in favor of Party A [(for itself and as trustee for each of its subsidiaries from time to time)]. Party B hereby undertakes [and agrees to be bound by the following terms and conditions]:
1. Party B understands and complies with Party A's anti-bribery requirements hereunder, mainly including the following: We shall not give, promise to give, or authorize any third party to give anything of value or of improper benefits, pay any money, lend any money, donate anything of value or of improper benefits, to Party A or Party A's employees, directly and indirectly, and not to interfere with the act or decision or securing a business or retaining an improper interest of Party A or Party A's employees.
2. Party B, its parent company, its subsidiaries, and its affiliates have never been or are not currently charged or investigated by any government authorities for incompliance, fraud, corruption, or any other immoral commercial practices.
3. To the best of Party B’s knowledge, except for the disclosed situation, none of the following circumstance is applicable to the top ten shareholders, directors, members of senior management (person in charge):
(1) Has been penalized or is under investigation because of suspected bribery;
(2) Is the government official (candidate for a political position);
(3) Is the close relatives people described in (1) & (2) ;
(4) Is a former official or the close relatives of the former official.
4. Party B, its employees or close relatives have never violated or have never had the intention to violate any anti-bribery law, anti-money laundering law, and Party A's anti-bribery policy. Party B must notify Party A in writing within three business days upon the occurrence of the violation.
5. If Party B breaches any abovementioned undertaking, Party B will unconditionally agree with one or more of the below measures taken or imposed by Party A:
(1) Suspend the authentication of Party B;
(2) Cancel the authentication of Party B;
(3) Terminate any executed contracts and agreements with Party B;
(4) Hold Party B liable for the liabilities;
(5) Party B to indemnify Party A against relevant damages and losses suffered by Party A.
6. This undertaking letter shall become valid upon signature hereof.