Article 1. Interpretation
Unless otherwise explained in the context, the following words have the following meanings:
1.1. this Agreement: means any terms, details and information contained in this Hoo Investment Services Agreement and all attachments.
1.2. Party B: namely, the Hoo Platform, an innovative digital asset trading platform to provide professional digital asset trading & the purpose of the administration plan.
1.3. Party A: KYC registered users of the Hoo, also known as lockers, who provide asset locking services through the Hoo platform.
1.4. Lock-up period: the period that the lockers entrusts Hoo to lock up the assets on behalf of themselves which started from the date that Party A pays for the locked assets.(Lock-up period=the validity period of this Agreement)
1.5. Annual Rate of Return(ARR): the ARR of the asset that the lockers expects to achieve.
1.6. Working days: the working days (legal working days) specified by the laws of HongKong.
1.7. Month: a natural month.
Article 2. Rights and Obligations of the Party A
2.1. During the service period, Party A shall not request to withdraw the locked assets or terminate the lock without an early termination clause.
2.2. After the end of the Service Period, Party B must apply for the withdrawal of assets back to its own account based on Party A's authorized cooperation.
2.3. Party A shall be deemed to voluntarily accept all the terms and conditions of this Agreement from the date of signing this Agreement.
2.4. Party A entrusts Hoo Platform to lock all (or part of) the user's assets to Hoo Platform at once.
2.5. Party A has the right to request Party B to provide with a report on the locked assets.
2.6. Party A commits that all the information provided by Party A to Hoo is truthful, accurate and complete.
2.7. Party A guarantees that the assets used for locking are its own assets of legal origin. If there is a dispute with a third party over the ownership and legality of assets, Party A shall be responsible for resolving the dispute; if it causes any damage to Party B, Party A shall not be responsible for the damage. Any economic loss shall be borne by users.
2.8. If Party A changes the account information, email address, telephone number and other important information, he/she must notify Party B about the modifications within 3 working days. Otherwise, any loss suffered by Party A due to the reason of Party B shall be borne by Party A.
2.9. if there is an asset locking inheritance or donation by Party A, the successor or donee must be presented to Party B by the heir or donee who claims the right to do so. Notarized documents relating to the ownership of the right of the inheritance or donation, confirmed by Party B before assisting in the transfer of the claim. The resulting of the relevant taxes and fees, the heirs or donee claiming the rights to declare and pay them to the competent tax authorities on their own, Party B is not responsible for handling the relevant Matters.
2.10. The Party A shall declare and pay to the competent tax authorities the relevant taxes and fees incurred in the process of locking and transferring the assets. If Party B is required to withhold or pay on behalf of Party A according to relevant laws and regulations, Party B is obliged to directly withhold or pay on behalf of Party A and provide Party A with tax documents.
2.11. Party A confirms and agrees that the written documents or digital file information provided by Party B in connection with this Agreement shall be used as the basis for this Agreement component.
Article 3. Rights and Obligations of the Party B
3.1. Party B provides information services to Party A in accordance with the principles of law, and with honesty, sincerity, voluntariness and fairness to safeguard the legitimate rights and interests of Party A.
3.2. Party B provides Party A with asset-locked services, Party B shall provide necessary (including but not limited to signing the relevant authorization documents).
3.3. Party B has the right to report to relevant departments, industry associations or relevant databases of the locking assets of Party A on the Hoo platform according to the requirements of the local government, industry associations and other relevant departments.
3.4. Party B shall keep Party A's information, assets and other service-related matters confidential as required by law.
Article 4. Application of law and jurisdiction
4.1. Applicable law. All matters of this Agreement, including, but not limited to, the validity, interpretation, performance and settlement of disputes of this Agreement shall be governed by the relevant laws of the place where Hoo is registered; any provision under this Agreement which is inconsistent with its mandatory norms shall be interpreted and enforced to the maximum extent not prohibited by such mandatory norms, and any agreement inconsistent with such mandatory norms shall not affect the validity of other provisions of this Agreement.
4.2. Dispute Jurisdiction. Both parties agree that in the case of a dispute, regardless of the amount in dispute, it shall be submitted to the local arbitration commission for arbitration under the arbitration rules of the local arbitration commission. The arbitral award shall be final and binding on both parties.
4.3. During the period of arbitration, the non-disputed provisions of this Agreement shall still be fulfilled, and none of the parties shall refuse to perform any of their obligations under this Agreement on the grounds that the dispute cannot be resolved.
Article 5. Other Terms & Conditions
5.1. Party A and Party B may sign this Agreement and related documents by including, but not limited to, handwritten signature or seal, click, check, electronic signature, data message, etc., and neither Party A nor Party B shall sign this Agreement on the grounds of different ways of signing the contract, deny the legal effect of this agreement.
5.2. This Agreement shall be established and enter into force after it is signed by both parties, and shall be terminated when Party A and Party B have fulfilled their obligations in accordance with this Agreement. Party A entrusts Party B to keep all written documents or electronic information related to this Agreement.
5.3. Users agree that all investment operations in Hoo represent their true investment intention and unconditionally accept the potential risks and benefits brought about by investment decisions.
5.4. Hoo reserves the right to suspend and terminate the investment service. When necessary, the Hoo platform can suspend and terminate the investment service at any time.
5.5. Due to network delays, computer system failures and other possible force majeure factors, the execution of the Investment Services may be delayed, suspended or deviated. Hoo will try our best to ensure but does not promise the stable and effective operation of the Investment Services execution system, but due to the above factors, the final implementation results of the Investment Services are different from the user's expectations, Hoo shall not bear any responsibility.