International Trade, Sanctions & Export-Control Policy

Microboard conducts and intends to expand international operations. Every transaction must comply with applicable international-trade requirements.

Principles:

• accurate classification and description of goods;
• truthful country of origin and customs value;
• accurate commercial and customs documentation;
• compliance with applicable licenses, authorizations and restrictions;
• risk-based review of counterparties, countries, end-use and end-users;
• compliance with applicable sanctions and asset-freeze requirements;
• prohibition of transshipment, front companies, false documentation or structures intended to evade lawful controls;
• appropriate record retention.

In Brazil, mandatory sanctions incorporated into Brazilian law must be observed, including measures implementing UN Security Council resolutions under Law 13,810/2019.

Technology, software, semiconductors or components originating from certain jurisdictions may be subject to export or re-export controls of the jurisdiction of origin. Applicability must be assessed transaction by transaction.