Facebook Payout Source Transfer Acknowledgement form pdf

The document confirms the change of ownership for payout sources on Meta's platform from the transferor to the recipient. It outlines the steps for Meta to remove the transferor as the owner and recognize the recipient as the new owner of these payout sources. Both the transferor and recipient affirm their compliance with sanctions regulations and agree to keep Meta indemnified for following these instructions.

Facebook Payout Source Transfer Acknowledgement form pdf

Downlode Now

This document serves as an acknowledgment required by Meta Platforms, Inc. (formerly Facebook, Inc.) before transferring ownership of Payout Source(s) from one financial administrator to another:

1. Transfer of the Payout Source.

We, ___________________________________ (“Transferor - Payout Account Name”) and ___________________________________ (“Recipient - Payout Account Name”), hereby acknowledge and confirm to Meta Platforms, Inc. (“Meta”) that, for good and valuable consideration, Transferor has transferred all rights, title, and interest in the Payout Source(s) listed in Exhibit A to the Recipient.

2. Transfer Instructions: The Transferor and Recipient hereby authorize Meta to take the necessary steps to: (a) remove the Transferor as the registered owner of the Payout Source(s) on the Meta platform, and (b) register the Recipient as the new registered owner of the Payout Source(s) on the Meta platform.

3. Representation and Warranty. Both Transferor and Recipient confirm the following:

(a) Meta can confidently act on the instructions provided here and is authorized to execute the terms of this Acknowledgment without needing consent, approval, or permission from any third party;

(b) Neither party is (i) under any economic or trade sanctions or restrictions imposed 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 (collectively referred to as “Sanctions”); (ii) situated, structured, or typically based in any country or territory subject to comprehensive Sanctions; (iii) owned or controlled (as per the relevant Sanctions definitions) by individuals or entities described in points (i) or (ii), which would subject those owned or controlled individuals or entities to the same prohibitions or restrictions; and (c) the instructions detailed in this Acknowledgment comply with Sanctions and do not seek to evade or avoid, nor attempt to cause any violations of Sanctions.

4. No Warranty or Liability from Meta. Both Transferor and Recipient agree that Meta is not responsible and will not be liable, whether directly or indirectly, to Transferor, Recipient, or any third parties for any losses, damages, or other issues that may arise from Meta's adherence to the instructions outlined in this Acknowledgment or any related matters. TRANSFEROR AND RECIPIENT UNDERSTAND AND ACCEPT THAT META’S ACTIONS IN RESPONDING TO THE INSTRUCTIONS IN THIS ACKNOWLEDGMENT WILL BE DONE ON AN “AS-IS” BASIS, WITHOUT ANY GUARANTEES OR WARRANTIES, EXPRESS OR IMPLIED. This includes, but is not limited to, any implied warranties regarding merchantability, fitness for a particular purpose, interoperability, or non-infringement.

5. Hold Harmless Agreement. Both the Transferor and Recipient agree to protect Meta, along with its affiliates, directors, officers, employees, agents, and representatives, from any claims, damages, expenses, lawsuits, losses, or liabilities that may arise in relation to this Acknowledgment. [Signature Page Follows]

Part 1 - Identification of Transferor ● This section must be signed by the Financial Administrator registered with Meta. The signature should be either handwritten or applied using a valid electronic signature tool.

1 Transferor Payout Account ID:_________________________________________________________ ● Payout account ID which is transferring the page/application

2 Transferor Payout Account Name:_______________________________________________________ ● Must match Transferor’s company name on file

3 Financial Administrator Name: ________________________________________________________ ● Must match User account name of who is transferring the page/application

4 Transferor’s signature and date Sign Here -> ____________________________________________ _____________________ Financial Administrator’s Signature

Date(MM-DD-YYYY)

Part 2 - Identification of Recipient ● Must be signed by the Financial Administrator Registered with Meta, the signature must be handwritten or placed using a valid electronic signature tool

5 Recipient Payout Account ID:_________________________________________________________ ● Payout account ID which is receiving the page/application

6 Recipient Payout Account Name:_______________________________________________________ ● Must match Recipient’s company name on file

7 Financial Administrator Name: ________________________________________________________ ● Must match the User Account Name of who is receiving the page/application

8 Recipient’s signature and date Sign Here -> ____________________________________________ _____________________ Financial Administrator’s Signature

Date(MM-DD-YYYY)

Part 3 - Identification of Payout Sources (pages / applications to be transferred) EXHIBIT A - PAYOUT SOURCES 9 Transferor Payout Account ID : ________________________ 10 Recipient Payout Account ID:______________________________ 11 Payout Source Name (pages/applications name)

12 Payout Source ID (pages/applications ID)

13 Product type