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Code of Conduct

Introduction

TIPA Corp. Ltd. and its subsidiaries (“TIPA” or “We”) are committed to promoting integrity, honesty and professionalism and maintaining the highest standards of ethical conduct in all of TIPA’s activities. TIPA’s success depends on its reputation for integrity and fairness. Therefore, it is essential that the highest standards of conduct and professional integrity be observed in all contacts made by TIPA’s directors, officers and employees (“Employees“), with customers, prospects, shareholders, suppliers, government officials, fellow employees and members of the general public. In this regard, TIPA has established this policy dealing with the rules and policies to be used in conducting the business affairs of TIPA (this “Code”).

TIPA expects that its independent contractors, agents, consultants and representatives, as well as its suppliers, sub-contractors and business partners (“Suppliers”) and their respective Employees and Suppliers, be familiar with and adhere to the Code or to provisions substantially similar but in any case- not less restrictive.

It is the Supplier’s responsibility to communicate the Code to its Employees and Suppliers and ensure their compliance.

TIPA reserves the right to revise, supplement, amend, or rescind any policies or any portion of the Code, at any time, with or without notice. The Code is accessible at: https://tipa-corp.com/code-of-conduct/. Reference to this Code shall be deemed to include such amendments and additions. TIPA also reserves the right to interpret the provisions of this Code according to its absolute discretion and as it deems appropriate.

This Code is to be read in conjunction with any agreement with TIPA.

Business Integrity

Honesty, integrity and fairness

The Supplier shall recognize the importance of honesty, integrity and fairness in conducting its business.

Compliance with laws and regulations

The Supplier must comply with all applicable laws, rules and regulations in all jurisdictions where he conducts business (the “Law”). The provisions of this Code are subject to the Law, and in the event of any conflict between the Code and the Law, the Law shall prevail.

Anti-bribery

The Supplier acknowledges that bribery is unlawful in most countries and that there are laws and agreements in place as part of an international effort to eliminate corruption and bribery from international business and to ensure that competition is fair and open.

The Supplier must not offer, give, request or accept payments, payments in kind, bribes, ‘kick-backs’, secret commissions, gifts or favors of any kind regardless of their value and regardless of whether to a person who is a public official or in the private sector, in circumstances that could be considered as unduly influencing the party involved or creating any business obligation or which has the intention that a function should be performed improperly or which could create a conflict of interest. This could include to win business or influence a business decision in TIPA’s or the Supplier’s favor. There are certain types of gifts that should never be offered or accepted by the Supplier regardless of their value – these are: money, drugs or other controlled or illegal substances.

TIPA is opposed to making facilitation payments as a matter of policy, and every effort should be made to resist them. The Supplier is expected to abide by the national laws in each country in which it operates and internationally accepted practices and procedures in relation to facilitation payments.

Privacy and Information

The Supplier must respect the privacy of individuals and laws relating thereto, in particular with respect to the collection, processing and management of personal data. Any unauthorized or unlawful use of confidential and/or personal information by the Supplier is prohibited.

Labor Standards

Forced labor

Employment is voluntary. The Supplier must under no circumstances use or in any other way benefit from forced labor and shall not utilize factories or production facilities that force work to be performed by unpaid or indentured laborers.

Non-discrimination

The supplier shall not discriminate in hiring and employment practices on the grounds of criteria such as race, creed, disability, gender, marital or maternity status, religious or political beliefs, age or sexual orientation.

Child labor

The use of child labor is strictly prohibited. The Supplier acknowledges the right of every child to be protected from economic exploitation, and will respect the laws of each country in which it operates in regard to minimum hiring age.

Compensation

Compensation paid to Supplier’s Employees shall comply with all applicable wage laws, including those relating to minimum wages, overtime hours and legally mandated benefits. The basis on which each Employee is being paid is to be provided to each such employee in a timely manner.

Working hours

The Supplier must comply with industry norms and applicable local laws on working hour requirements as stipulated in the applicable country’s governing labor laws. TIPA shall ensure that all overtime work is voluntary and compensated at the prevailing overtime rates. Employees should be allowed at least one day off per seven-day week.

Freedom from harassment

Suppliers shall ensure a work culture that affords their employees the opportunity to work without fear of intimidation, reprisal or harassment.

Health & Safety

Products

All products and services delivered by the Supplier must meet the quality and safety standards required by applicable law, be fit for the intended purpose and, where applicable, comply with TIPA’s quality requirements.

Working environment

The Supplier shall provide a safe and healthy workplace for the Employees, Suppliers and visitors and ensure that this is supported by adequate safety programs in accordance with applicable laws and regulations.

Environment

The Supplier must commit to minimizing the potentially harmful effects on the environment of its activities wherever and whenever possible.

The Supplier will adhere to the most relevant and up-to-date environmental legislation and international standards.

The Supplier will seek to improve the environmental performance of the products and services he provides, for example by increasing energy efficiency, or reducing waste.

General

Intellectual Property

The Supplier is responsible for ensuring that TIPA’s intellectual property rights are protected and are not infringed at all times. This includes, but is not limited to, TIPA’s copyright, trademarks, patents, inventions, designs, work methods and formulas. These may only be used with the permission of an authorized TIPA employee and for the purposes of the contracted objectives.

Confidential information

The Supplier must ensure that TIPA confidential information, including trade secrets, is preserved and protected, and not disclosed to unauthorized parties or being used other than as agreed in advance by TIPA.

Compliance

TIPA reserves the right to verify the Supplier’s compliance with the Code through audits or other means. Should TIPA find that the Supplier does not comply with the Code, TIPA reserves the right to demand corrective measures and/or terminate its business relationship and related contract(s) with the Supplier and to be covered by the Supplier for its damages thereof.

Any question about this Code should be addressed to: [email protected]