Common use of Collection & Payments Clause in Contracts

Collection & Payments. 2.1.7.1. Following and subject to the approval of the applicable authorities (as shall be determined by the Company) and provided that such actions shall be made outside the US and with respect to non US persons only): 2.1.7.1.1. A-Labs will provide the Company with end-to-end payments collection setup which shall be PCI DSS compliant and in compliance with any applicable laws, regulations and standards as globally required. 2.1.7.1.2. Payments for Tokens will be collected via Credit Card, Wire Transfer, Bitcoin (BTC) and Ether (ETH). The Parties shall cooperate in setting up the required payments infrastructure to enable the collection of such payments. 2.1.7.1.3. A-Labs will provide payment customer journey design for payments flow under Client’s white label brand. 2.1.7.1.4. A-Labs shall be responsible for all KYC and AML compliance in respect of the ICO and shall provide such services in compliance with the instructions of the legal and regulatory advisors of the Company. -Execution Copy- 2.1.7.2. A-Labs represents, warrants and undertakes to forward all ICO funds until such funds are sent to the Client and will send all such funds within 5 Business Days upon request.

Collection & Payments. 2.1.7.1. Following and subject to the approval of the applicable authorities (as shall be determined by the Company) and provided that such actions shall be made outside the US and with respect to non US persons only): 2.1.7.1.1. A-Labs will provide the Company with end-to-end payments collection setup which shall be PCI DSS compliant and in compliance with any applicable laws, regulations and standards as globally required. 2.1.7.1.2. Payments for Tokens will be collected via Credit Card, Wire Transfer, Bitcoin (BTC) and Ether (ETH). The Parties shall cooperate in setting up the required payments infrastructure to enable the collection of such payments. 2.1.7.1.3. A-Labs will provide payment customer journey design for payments flow under Client’s white label brand. 2.1.7.1.4. A-Labs shall be responsible for all KYC and AML compliance in respect of the ICO and shall provide such services in compliance with the instructions of the legal and regulatory advisors of the Company. -Execution Copy-. 2.1.7.2. A-Labs represents, warrants and undertakes to forward all ICO funds until such funds are sent to the Client and will send all such funds within 5 Business Days upon request.