During the Track Record Period, we had procured electronic components from one entity which is identified on the Specially Designated Nationals and Blocked Persons List or the Sectoral Sanctions Identifications List (“SDN Lists”) maintained by the Office of Foreign Assets Control (“OFAC”) of the U.S. and sold our robotic solutions to one customer which is also identified on the SDN Lists and its wholly owned subsidiaries, (in particular, these wholly owned subsidiaries are subject to the same sanctions restrictions as SDNs pursuant to OFAC’s 50 Percent Rule due to direct or indirect SDN ownership of 50% or more) (collectively, the “SDN Entities”).
Risk Factors · p. 52
The company's explanation, the adviser's view and the page in the filing: see Mattersour Group’s activities did not represent a violation of any of the applicable International Sanctions and the U.S. export controls.
Business · p. 189