Note: In order to protect the legitimate rights and interests of both parties, the two sides in accordance with the International Financial Institutions Loans and related laws for friendly consultation. Party B undertakes to exchange loans for platform funding transactions, and reaches the following cooperation agreement.
Article 1: Before the review of this agreement, Party B has fully recognized the high risk of high proportion of matching funds. At Party B's request, after Party B executes the Loan to this platform, Party B delivers to Party B the transaction funds of the loan financing amount for virtual currency investment transactions.
Clause 2: During the term of the loan, all account rights and interests are owned by you. Party B bears all trading risks (including trading losses, losses in purchasing coins, etc.), and Party A does not bear any trading risks, and any loss of funds incurred by Party A in the transaction shall be borne by Party B. In order to ensure the safety of Party B's account and funds, and to control the risk, the funds will be used to purchase foreign exchange. If Party B fails to repay the loan within the agreed time, the counterparty will charge Party B's account a late payment fee of 5% per day. If the relevant funds are not repaid for more than 15 days after the due date, the counterparty has the right to freeze the funds in Party B's account. If the overdue period exceeds 30 days, the Exchange will liquidate the funds in your account.
Clause 3: You will pay a fee of 3% of the funds in your account with the Exchange, which must be paid before the end of the contract period. If it is longer than the contractual term, the counterparty will be entitled to all the funds borrowed by you and you will be liable to pay the late fee. In this case, if the funds in your account are insufficient to cover the amount of the Transaction, you shall make up the amount within the specified period. After one month beyond the specified period, all funds in Party B's account shall be managed by the Exchange.
Article 4: The Exchange will evaluate the personal assets in Party B's account, and the maximum loan amount that Party B can provide is $5,000,000, and the account that Party B uses with the Exchange will be designated as a special account. Upon expiration of the Loan Agreement, Party B shall repay all Loan Amounts and shall pay the costs associated with any delinquency. After repayment of the loan, the Exchange shall return Party B's funds to Party B's account, and Party B can operate all the funds in the account and handle withdrawal operations.
Article 5: After the loan funds are disbursed to Party B's account, the transactions in Party B's account shall be controlled by Party B and Party A shall not interfere with Party B's transactions.
Article 6: During the validity period of the Loan Agreement, the Exchange will limit the withdrawal requests from Party B's account. Before repayment of the loan, Party B shall submit a withdrawal request to the Exchange, and the Exchange reserves the right to reject Party B's withdrawal request.