Now Party B authorizes Party A to conduct savings and enjoy savings reward services; In the spirit of equality and mutual benefit, friendly cooperation, and solemnly declare that both parties shall abide by:
Unless the context otherwise explains, the following words have the following meanings:
1.1 This Protocol: Refers to any terms, details and information in this "CITEX Savings Protocol" and all attachments.
1.2 Party A refers to the CITEX : it is a world-leading digital asset trading platform with the purpose of exploring high-quality assets and creating value through circulation.
1.3 Party B refers to a registered user (pledgor) of CITEX, and Party B authorizes CITEX to provide savings reward service.
1.4 Expected annualized rate: refers to the highest annualized rate of return that is expected to be realized based on the statistics of previous cycle income levels.
Ⅱ . Savings Reward Rules
2.1 Effective Savings: The assets that Party B can gain from participating in the project are effective financial management (assets). According to the financial management of each project, Party A will design products with different financial management quantities, but effective financial management does not include assets that are in the redemption process.
2.2 Savings period: The period of lock-up to obtain income is the savings period. According to the savings situation of each project, Party A will design different savings period products. Due to the particularity of savings reward, the specific savings period can be obtained by carefully reading the project details.
2.3 Redemption: After the savings period expires, Party A will automatically redeem the assets of Party B in the savings to Party B’s account, and distribute the reward to Party B. Due to the particularity of savings, redemption in advance is currently not supported.
2.4 Reward and income calculation:
The specific income will be given differently according to each project. Party B can carefully check the expected annualized rate of the project. The approximate calculation formula is as follows: the savings's income per period = the rate of return per period * the savings's effective savings assets (coin quantity)
Ⅲ . Party A's rights and obligations
3.1 Party A shall provide Party B with savings reward services in accordance with the principles of law, integrity, voluntariness and fairness, and safeguard Party B's legitimate rights and interests.
3.2 When Party A provides the aforementioned related services to Party B, Party B shall provide necessary assistance (including but not limited to signing the relevant power of attorney).
3.3 Party A has the right to report or transmit Party B’s locked assets related information to relevant departments, industry associations or relevant databases in accordance with the requirements of the government, industry associations and other relevant departments.
3.4 Party A shall keep confidential Party B's information, assets and other service-related affairs and materials according to law.
Ⅳ. Party B's rights and obligations
4.1 After the expiration of the savings period, Party B shall have the right to claim back its original assets and reward from Party A.
4.2 Party B can only obtain reward from effective savings assets.
4.3 Party B shall be deemed to have voluntarily accepted all the provisions of this Agreement as of the date of its agreement.
4.4 Party B promises that all the information it provides to Party A is true, accurate and complete.
4.5 Party B warrants that the assets it uses for savings are its own assets of legal origin. If there is a dispute with a third party due to the ownership and legality of its assets, Party B shall be responsible for solving it; Party B shall be liable for any economic losses caused to Party A.
4.6 Party B confirms and agrees that the written documents or electronic information related to this Protocol provided by Party A shall be an integral part of this Protocol.
Ⅴ. Applicable Laws and Jurisdiction
5.1 Applicable laws: All matters in this Agreement, including without limitation the effectiveness, interpretation, execution and dispute resolution of the Agreement, shall be governed by relevant laws in the registration place of CITEX. In the event of any conflict between any article in the Agreement and the mandatory regulations, such article shall be construed and executed to the maximum extent that is not prohibited by such mandatory regulations, and the stipulation conflicting with any mandatory regulations shall be without prejudice to the effectiveness of the other stipulations of the Agreement.
5.2 Dispute jurisdiction: All parties agree that all disputes, regardless of the amount involved, must be submitted to the local arbitration commission in the CITEX’s place. The arbitration award shall be final and binding on both parties.
5.3 During the said arbitration, the articles that are not involved in the dispute shall continue to be executed and neither party shall refuse to fulfill any of its obligations under the Agreement on account of the dispute resolution.
6.1 Both CITEX and users may sign this Agreement and related documents through means that include but not limited to handwritten signature or seal, clicking, ticking, electronic signature and data message. Neither party shall deny the legal effect of the Agreement on account of any difference in the means of contract signature.
6.2 This Agreement shall be established and take effect upon the signature by both parties or the agreement by users, till both parties have fulfilled their obligations pursuant to the Agreement. Users entrust CITEX to keep all written documents or electronic information in connection with the Agreement.