Party A:

Party B: Hong Kong Intellectual Property Exchange

According to the basic law of the Hongkong Special Administrative Region of the People's Republic of China, the electronic signature law of the People's Republic of China and the computer system, the Hongkong intellectual property exchange In order to clarify the responsibilities of Party A and Party B, safeguard the legitimate rights and interests of all parties concerned, and control market risks, in accordance with the relevant national laws and regulations such as the Security Protection Ordinance and the third party e-commerce trading platform service specification, Party A and Party B follow the principle of equality, voluntariness and reciprocity in accordance with the trading rules of the Hong Kong Intellectual Property Exchange and its relevant documents and regulations Agreement:

I. statement

（1） Party A voluntarily applies to become an investor member of Party B. before signing this agreement, Party A has carefully read the hkipx transaction rules (Trial) and its relevant documents and regulations. Party B has made a comprehensive and detailed explanation on relevant issues. Party A knows the responsibilities and possible risks of participating in the intellectual property standardization transaction initiated by Party B, and Party A will strictly According to the rules and the documents and regulations published by Party B, Party B shall engage in the investment and trading activities of intellectual property standardized products;

（2） Party B shall provide Party A with online trading platform, trading account, trading terminal software and other relevant trading and settlement facilities, and collect and pay relevant funds for Party A on behalf of Party A;

（3） Both parties use the transaction rules (Trial) and relevant documents and regulations as the criteria for transaction process control and risk control. Party A acknowledges that the power given to Party B by the transaction rules (Trial) is necessary to ensure the performance of the contract and control market risk, and voluntarily undertakes the obligations for Party B to exercise the above rights. In order to ensure the performance of the transaction and control the market risk, Party B will revise the relevant business rules according to the requirements conducive to the stable development of the market. Party A acknowledges and strictly abides by the business rules issued by Party B;

（4） Party A voluntarily uses the electronic trading platform provided by Party B to save and modify the password by itself. All transactions completed by using Party A's transaction account and password shall be deemed as Party A's behavior, and Party A shall bear all transaction consequences. Party B solemnly reminds Party A to pay attention to the preservation and confidentiality of the account and password. In case of any loss caused by improper safekeeping of Party A's account and password, Party A shall bear it by itself;

 （5） Party B shall be obliged to keep confidential the matters and transaction records entrusted by Party A, and shall not disclose them to any third party unless the competent state organ according to legal procedures or with the written consent of Party A.

2、 Rights and obligations

（1） Rights of Party A

1. Party A has the right to enjoy the services provided by Party B for investor members, with reference to Party B's transaction rules, member management system and other relevant documents;

2. Party A has the right to enjoy the information service provided by Party B;

3. Party A has the right to cancel the investor membership acquired in Party B and bear all responsibilities and consequences arising therefrom;

4. Party A has the right to supervise Party B's services, and has the right to call party B's official service telephone number, or log in to the official website for consultation or put forward opinions and suggestions;

5. Party A shall have the right to use the investor member account and transaction client of Party B to carry out free transaction and bear the consequences of transaction;

6. For the decision made by Party B not to agree with Party A's becoming a member of Party B's investors and other applications, Party A may consult with Party B and reapply the application when the conditions are met.

（2） Obligations of Party A

1. Party A guarantees that it has read the transaction rules (for Trial Implementation) and meets the requirements of this standard, and that it does not have any circumstances that prohibit or restrict it to become a member of Party B and prohibit or restrict it to engage in investment and transaction as stipulated by laws, regulations, Party B's transaction rules and management system;

2. Party A guarantees that all materials submitted to Party B are true, legal and complete. Party A shall bear all legal liabilities and transaction consequences arising from the defects of the submitted materials;

3. Party A guarantees that the capital source of its investment in Party B's trading platform is legal;

4. Party A is obliged to keep the account number, password, mobile phone number, email address, certificate number and other personal information properly on Party B's trading platform, and Party A shall bear the risks and losses caused by the leakage and improper safekeeping of the above personal information;

5. Party A shall log in the personal account on the official website designated by Party B, download the transaction software, and shall not log in or download through other links. All risks and responsibilities arising from Party A's login of personal account and downloading of trading software through links provided by other websites shall be borne by Party A itself;

6. Party A shall be fully responsible for the transaction instructions issued by Party A's transaction account. Once Party B executes the transaction instruction submitted by Party A through account and password, Party A has no right to request to change or cancel the transaction instruction;

7. Party A shall abide by the relevant rules and charging standards of the services provided by Party B. If Party B changes the relevant service rules and charging standards, it only needs to make an announcement on the website in accordance with the provisions of this agreement, which will take effect for Party A without any separate notice to Party a. Party A has no objection to this;

8. Party A shall inform Party B in time of any change in the registration information and other information submitted by Party A when applying to become a member of Party B's investor, and apply for change according to the change process formulated by Party B;

9. Party B may, according to the needs of business development, add, adjust or stop the service provided to Party A, and determine whether Party A is required to go through the confirmation procedures by itself. Party A has no objection to this and cooperates to complete it;

10. Party A shall conduct transactions in accordance with Party B's trading rules, and shall not slander Party B's reputation or maliciously attack Party B's website and online trading system;

11. If Party A obtains improper profits due to Party B's system failure, wrong account and other reasons, Party A agrees to deduct the improper profits and fruits from Party B's account, and / or suspend the services provided to Party A;

12. Party A shall pay transaction commission and other related fees in accordance with Party B's regulations;

13. Party A has carefully read this agreement, especially the important terms related to Party B's exemption, and voluntarily abides by the terms of this Agreement;

14.When Party A participates in the product transaction launched by Party B, it must understand and master the relevant product management system and transaction rules, and pay attention to the adjustment and supplementary provisions made by Party B at any time.

（3） Rights of Party B

1. Party B has the right to make a decision on whether to approve Party A's application according to its requirements for investor members and Party A's personal assets, credit, etc;

2.Party B has the right to adjust the service content, charging standard, membership management system, trading rules and other provisions, and to upgrade and optimize the official website and trading software. When the above information is published on the official website or business place, it will take effect on Party A without prior notice to Party A;

3. Party B may add, adjust or stop the services provided to Party A according to the needs of business development, and may determine whether Party A is required to go through the confirmation procedures at its own discretion. If necessary, Party B can inform Party A by phone, SMS, email, official website announcement and other ways. If not, Party B can handle the matter by itself;

4. In case of any of the following circumstances, Party B may freeze Party A's account, and has the right to make decisions such as canceling the membership of Party A's investor, transferring it to the public security or judicial department for handling, in order to protect its legal rights:

(1) The information submitted by Party A is false, major omission or major concealment, which seriously violates Party B's management system and trading system, etc;

(2) Party A uses Party B's trading platform to engage in illegal activities;

(3) The source of Party A's investment funds in Party B is illegal;

(4) Party A slanders Party B's reputation, or maliciously attacks Party B's website, trading software, etc;

(5) Party A fails to operate maliciously according to Party B's regulations, damaging or threatening the legitimate interests of Party B and others;

(6) Other acts that violate national laws and regulations, Party B's trading system and management system, and cause damage to the legitimate interests of Party B and others;

5. All transaction instructions issued through Party A's account and password shall be deemed as issued by Party A. Party B shall act in accordance with the above transaction instructions, and Party A shall bear all the consequences and negative effects;

6.If Party B fails to timely and correctly execute Party A's transaction instructions due to the following acts, Party B shall not bear any responsibility:

(1) Party A's transaction instructions are unclear or incomplete due to any reason;

(2) Party A's account has been frozen, deducted and other judicial compulsory measures;

(3) Party A's account capital is insufficient, or the source of investment capital is illegal;

(4) Party A's transaction order is suspected of any illegal purpose;

(5) Party A fails to operate correctly in accordance with Party B's relevant regulations;

(6) Party A's account has security risks or risk problems;

(7)Force majeure, network attack or virus attack, system failure, communication facility failure, power facility failure or other circumstances not attributable to Party B;

7. Due to the investment of Party A

(1) Party A's transaction order is suspected of any illegal purpose;

(2) Party A fails to operate correctly in accordance with Party B's relevant regulations;

(3) Party A's account has security risks or risk problems;

Party B shall not bear any responsibility for Party A's risks and losses caused by any problems of the trading products;

8. When Party A obtains the rights and interests of the products, it shall be deemed that Party A agrees to authorize Party B to act as the plenipotentiary agent to select the safekeeping institution and insurance institution of the subject matter of the transaction and handle the safekeeping and insurance matters of the products on behalf of Party A. Party B shall publicize the above-mentioned relevant matters to Party A.

（4） Obligations of Party B

1. Under the same conditions, Party B shall provide equal services for each investor member;

2. If there is no abnormality in the system and Party A's transaction instructions, Party B shall accurately and timely execute Party A's transaction instructions;

3. Party B shall seriously and timely answer the consultation raised by party a related to the investor member service of Party A;

4. Party B shall carefully maintain the safe and stable operation of the official website and trading software;

5. Party B shall provide investors with accurate trading information;

6. Party B may use Party A's data and account transaction records within the scope permitted by law, required by the regulatory authorities and agreed by Party A. Party B shall keep Party A's information and account transaction records confidential, unless otherwise stipulated by law or required by the regulatory authorities.

 3、 Duration of the contract

When this agreement is signed in the form of electronic text, it will come into effect when Party A clicks "sign and agree" when entering into Party B's online account opening process. This Agreement shall come into force as of the date of signing by both parties.

4、 Change and termination

（1） The announcement related to this agreement issued by Party B through the official website or other ways shall be an integral part of this agreement. In case of any conflict between the announcement and this agreement, the contents of the announcement shall prevail;

（2） This Agreement shall be terminated after the cancellation of Party A's investor membership due to Party A's application after Party B's confirmation or other reasons;

（3） In case of Party A's illegal or improper operation or other violation of laws, regulations, this agreement or relevant business regulations of Party B, Party B may unilaterally suspend or terminate this agreement. Before the suspension or termination of this agreement, the transaction instructions previously issued by Party A are still valid, and the consequences of Party B's actions in accordance with the transaction instructions shall be borne by Party A;

（4） The invalidity of any term of this Agreement for any reason shall not affect the binding of other terms on both parties.

5、 Dispute resolution

（1） Matters not covered in the agreement shall be settled through consultation with reference to relevant laws, Party B's business regulations or industry practices.

（2） In case of any dispute between Party A and Party B, it shall be settled through negotiation. If the negotiation fails, either party may file a lawsuit in the people's court where Party B is located.

Hong Kong Intellectual Property Exchange