Net World Sports Ltd. Anti-Bribery and Anti-Corruption Policy

Purpose

Net World Sports Ltd. is committed to conducting its business with integrity, transparency, and in compliance with all applicable laws and regulations. This Anti-Bribery and Anti-Corruption Policy (the “Policy”) sets forth the company’s zero-tolerance approach to bribery and corruption, and outlines the expectations for employees, suppliers, contractors, and other stakeholders involved in our operations.

Scope

This Policy applies to all employees, directors, officers, agents, contractors, consultants, and any third parties representing or acting on behalf of Net World Sports Ltd., regardless of location. It applies to all activities, including but not limited to product development, sourcing, marketing, sales, and distribution.

Definition of Bribery

Bribery is the offering, giving, receiving, or soliciting of any form of undue payment, gift, or advantage (whether directly or indirectly) to influence the actions of another person or organization. This includes but is not limited to:

• Offering or receiving any form of bribe, kickback, or secret commission.
• Providing or accepting gifts, entertainment, or hospitality that are disproportionate, excessive, or intended to influence decision-making.
• Engaging in fraudulent activities, such as misrepresentation or falsification of documents.

Prohibited Conduct

Under no circumstances will any employee, agent, or third party acting on behalf of Net World Sports Ltd. be allowed to:

• Offer, promise, give, or accept bribes.
• Engage in any form of corrupt practice, whether directly or through intermediaries.
• Use gifts, hospitality, or any other form of inducement to influence business decisions improperly.
• Misuse their position or access to company resources for personal gain or to obtain an unfair business advantage.

Gifts and Hospitality

While business relationships may involve the exchange of gifts or hospitality, these must not be excessive or given with the intent to influence business decisions. Net World Sports Ltd. expects all employees and representatives to:

• Ensure any gift or hospitality offered or received is of a modest and reasonable value.
• Obtain prior approval from management for any gift or hospitality that exceeds a nominal value.
• Keep accurate records of any gifts or hospitality provided or received.

Facilitation Payments

Net World Sports Ltd. strictly prohibits the making or accepting of facilitation payments. A facilitation payment is a payment made to a government official or other third party to expedite or secure the performance of a routine or necessary action to which the payer is legally entitled.

Due Diligence

Net World Sports Ltd. will conduct appropriate due diligence on all third-party suppliers, contractors, and business partners to ensure they adhere to our anti-bribery and anti-corruption standards. This includes reviewing their practices, policies, and procedures related to bribery and corruption.

Reporting Violations

Any employee or third party who becomes aware of or suspects a violation of this Policy must report it immediately. Net World Sports Ltd. encourages reporting through:

• Internal channels (e.g., managers, HR, compliance officers).
• An anonymous reporting mechanism, if available.

Reports will be treated confidentially, and individuals making good-faith reports will be protected from retaliation. Any retaliation for reporting a concern will be regarded as a violation of company policy and subject to disciplinary action.

Consequences of Non-Compliance

Failure to comply with this Policy may result in disciplinary action, up to and including termination of employment or business relationships. In addition, individuals or entities found in violation of this Policy may face criminal charges, civil penalties, and other legal consequences.

Training and Awareness

Net World Sports Ltd. will provide regular training on anti-bribery and anti-corruption measures to all employees, particularly those in roles with significant exposure to third-party relationships or financial transactions. This training will cover the practical application of this Policy, how to recognize and respond to bribery and corruption risks, and how to report any concerns.

Policy Review and Updates

This Policy will be reviewed regularly to ensure it remains effective and compliant with all relevant legislation, including the UK Bribery Act 2010 and any other applicable anti-corruption laws. Any amendments will be communicated to all employees and stakeholders.

Approval and Enforcement

This Policy is approved by the Board of Directors of Net World Sports Ltd. and applies to all employees and third parties acting on behalf of the company. The implementation and enforcement of this Policy are overseen by the Compliance Officer, who will report directly to senior management.

Conclusion

Net World Sports Ltd. has a firm commitment to preventing bribery and corruption in all forms. By adopting this Policy, we are ensuring that we operate with the highest standards of ethical conduct in our business dealings worldwide. We expect all employees, suppliers, and business partners to adhere to these principles, helping to maintain the integrity and reputation of our company.