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Payout Source Transfer Acknowledgemen 2023
Payout Source Transfer Acknowledgemen 2023
Meta Platforms, Inc. (f/k/a Facebook, Inc.) requires acknowledgment of the following (this “Acknowledgment”),
prior to transferring Payout Source(s) ownership from one financial administrator to another:
1. Transfer of the Payout Source. ___________________________________ (“Transferor - Payout Account
Name”) and ___________________________________ (“Recipient - Payout Account Name”) acknowledge
and certify to Meta Platforms, Inc. (“Meta”) that for good and valuable consideration, Transferor has assigned all
of its right, title and interest in and to the Payout Source(s) set forth on Exhibit A to Recipient.
2. Transfer Instructions. Transferor and Recipient hereby authorize and instruct Meta to:
(a) take all action necessary to remove Transferor as the registered owner of the Payout Source(s) on the Meta
platform; and
(b) take all action necessary to register Recipient as the registered owner of the Payout Source(s) on the Meta
platform.
3. Representation and Warranty. Transferor and Recipient each represent and warrant that:
(a) Meta may rely without additional inquiry on the instructions set forth herein and can lawfully carry out the terms
of this Acknowledgement without the consent, approval, authorization or other permission of any third party;
(b)It is not (i) the target of any economic or trade sanctions or restrictions administered or enforced by the United
States (including the Office of Foreign Assets Control of the U.S. Department of the Treasury (“OFAC”), the U.S.
Department of State, and the U.S. Department of Commerce), the United Nations, the European Union or the
United Kingdom (hereafter “Sanctions”); (ii) located, organized, or ordinarily resident in any country or territory
subject to comprehensive Sanctions; (iii) or owned or controlled (as defined in the relevant Sanctions) by a
person(s) described in paragraph (i) or (ii), as a result of which such owned or controlled person(s) are subject to
the same prohibitions or restrictions as the person described in paragraph (i) or (ii); and
(c) the instructions set forth in this Acknowledgement are in compliance with Sanctions and do not evade or avoid,
have the purpose of evading or avoiding, cause a violation of, or attempt to violate Sanctions.
4. No Meta Warranty or Liability. Transferor and Recipient acknowledge that Meta bears no responsibility and will
not have any direct or indirect liability to transferor, transferee, or third parties for any losses, damages or other
issues Transferor, Recipient, or third parties may have or incur as a result of or arising from the Meta’s compliance
with the instructions given in this Acknowledgement or any other matter related to this Acknowledgment.
TRANSFEROR AND RECIPIENT ACKNOWLEDGE AND AGREE THAT META’S COMPLIANCE WITH THE
INSTRUCTIONS GIVEN IN THIS ACKNOWLEDGEMENT AND PERFORMANCE
HEREUNDER WILL BE PROVIDED ON AN “AS-IS” BASIS AND WITHOUT ANY EXPRESS OR IMPLIED
WARRANTIES BEING GIVEN BY META, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF
MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, INTEROPERABILITY AND
NON-INFRINGEMENT.
5. Meta Held Harmless. Transferor and Recipient agree to hold Meta, its affiliates, directors, officers, employees,
agents, and representatives harmless from any and all claims, damages, expenses, suits, losses, or liabilities
arising from, related to, or in connection with this Acknowledgement.