Date of Issuance: November 2025
Version: V1.0
LBank (LBK Blockchain Co., Limited, registered address: Meadow House, P.O. Box 116, Road Town, Tortola, British Virgin Islands, hereinafter referred to as "LBank" or the "Platform") and the user (hereinafter referred to as the "User" or "you") hereby enter into the following agreement in respect of the Omni Liquidity Provider Services:

Important Notice

Before you click the “Agree” button or otherwise indicate your acceptance of this Agreement, you must carefully read and fully understand all the terms of this Agreement, especially those clauses in bold which exclude or limit liability, and the provisions on governing law and dispute resolution. If you have any questions regarding this Agreement, you should immediately cease operations and consult a professional advisor.
By clicking “Agree” or by actually using the Omni Liquidity Provider Services, you signify that you have read, understood and agree to be bound by all the terms of this Agreement.

Article 1 Definitions

1.1 Omni Business: Refers to the business operated by the Platform that allows users to provide liquidity for digital asset contract trading.
1.2 Liquidity Provider (hereinafter “LP”): Refers to a user who injects digital assets into the Platform’s Omni liquidity pool to provide counterparty liquidity for contract trading users.
1.3 Liquidity Pool: Refers to the pool of digital assets provided by LPs that is used to support contract trading.
1.4 Contract Trading User: Refers to a user who uses the liquidity provided by LPs to conduct leveraged contract trading.
1.5 Counterparty Relationship: The liquidity pool provided by LPs acts as the direct trading counterparty to contract trading users. The profits of contract trading users are paid out of the liquidity pool, and the losses of contract trading users accrue to the liquidity pool.

Article 2 Scope of Services

2.1 The Platform provides the following services to qualified LP users:
  • Liquidity injection and redemption services
  • LP income calculation and distribution services
  • LP asset and income inquiry services
  • Other related technical services
2.2 The Platform is entitled, based on business needs, market conditions or regulatory requirements, to adjust the service content and service rules, or to suspend or terminate all or part of the services. The Platform will notify users in advance through website announcements or other reasonable means. If the user continues to use the services, the user shall be deemed to have agreed to the relevant adjustments.

Article 3 User Eligibility

3.1 A user applying to become an LP shall meet the following conditions:
  • Be at least 18 years old and have full capacity for civil conduct
  • Have completed the real-name verification procedures required by the Platform
  • Possess appropriate knowledge of digital asset trading and the ability to identify risks
  • Have sufficient risk tolerance and idle funds
  • Not be a prohibited person as specified in the Platform’s service agreements
3.2 The Platform is entitled to require users to provide information such as financial status and investment experience to assess their suitability, and users shall provide such information truthfully. The Platform has the right to refuse any user who does not meet the conditions from becoming an LP.
3.3 The user warrants that the funds used to provide liquidity are from lawful sources and are not connected with money laundering, terrorist financing or any other illegal or criminal activities.

Article 4 Rights and Obligations

4.1 User’s Rights

The user has the right to:
  • Inject digital assets into the liquidity pool in accordance with the Platform’s rules
  • Obtain corresponding returns according to its LP share proportion
  • Apply for redemption of liquidity in accordance with the Platform’s rules
  • Inquire about LP asset status and related data
  • Enjoy other services provided by the Platform

4.2 User’s Obligations

The user shall:
  • Comply with this Agreement and all rules issued by the Platform
  • Properly keep account information and be responsible for all operations conducted under its account
  • Bear all risks and losses arising from the provision of liquidity
  • Cooperate with the Platform in identity verification, anti-money laundering reviews and other compliance requirements
  • Refrain from engaging in market manipulation, insider trading or other illegal or non-compliant activities

4.3 Platform’s Rights

The Platform has the right to:
  • Formulate and amend LP business rules
  • Review users’ identities and sources of funds
  • Adjust or suspend services based on risk management needs
  • Refuse or cease to provide services to users who do not meet the conditions
  • Provide assistance to judicial authorities to inquire into, freeze or debit user assets in accordance with law

4.4 Platform’s Obligations

The Platform shall:
  • Provide services in accordance with this Agreement and the relevant rules
  • Take reasonable measures to ensure the secure operation of the system
  • Protect user information and privacy in accordance with law
  • Disclose material matters and risk information in a timely manner

Article 5 Returns and Risks

5.1 LP returns include but are not limited to:
  • Sharing of contract trading fees
  • Trading losses incurred by contract trading users
  • Incentive rewards provided by the Platform
  • Other sources of income announced by the Platform
5.2 LP risks include but are not limited to:
  • Counterparty risk: When contract trading users make profits, such profits are paid out of the liquidity pool, causing LP assets to decrease.
  • Market risk: Price fluctuations of digital assets may cause LPs to incur losses.
  • Liquidity risk: Under certain circumstances, LPs may not be able to redeem their assets in a timely manner.
  • Technical risk: System failures, network interruptions and other technical issues may affect the services or cause losses.
  • Regulatory and legal risk: Changes in laws, regulations or regulatory policies may restrict or terminate the services.
  • Other risks: As further described in the “Risk Disclosure Statement”.
5.3 The Platform does not provide any guarantee or undertaking regarding LP returns. LPs may suffer partial or total loss of principal. Users shall fully understand and independently bear all risks.

Article 6 Operational Rules

6.1 Liquidity Injection
  • Users may inject assets into the liquidity pool in accordance with the Platform’s operational guidelines.
  • Liquidity injection is not subject to a lock-up period. Assets take effect immediately upon injection and may be used for subsequent operations at any time.
  • The user’s liquidity assets will be recorded in its corresponding account by the system.
6.2 Liquidity Redemption
  • Users may initiate redemption operations at any time without application or approval procedures.
  • The redemption amount shall be based on the actual balance of the user’s liquidity account, which may have decreased due to bearing the profits of contract trading users.
  • Redemption may involve fees announced by the Platform (if any).
6.3 Distribution of Returns
  • The user’s returns derive from the trading losses of contract trading users during their trading activities.
  • Returns or losses will be reflected in real time or periodically in the balance of the user’s liquidity account.
  • The specific method for calculating returns shall be subject to the detailed rules published by the Platform.
6.4 The Platform is entitled to adjust the operational rules based on business and risk management needs and will notify users through reasonable means.

Article 7 Disclaimer and Limitation of Liability

7.1 The Platform, acting as a technical service provider, shall not be responsible for the user’s investment decisions or profit and loss results. The user shall independently bear all risks and losses arising from participating in the LP business.
7.2 The Platform shall not be liable for any losses or responsibilities caused by the following circumstances:
  • Force majeure, including but not limited to natural disasters, governmental actions, war, strikes, cyber-attacks, etc.
  • User’s own reasons, including but not limited to operational errors, decision-making errors, account information leakage, etc.
  • Market factors, including but not limited to price volatility, liquidity shortages, etc.
  • Causes attributable to third parties, including but not limited to hacker attacks and actions of other platforms, etc.
  • Changes in laws, regulations or regulatory policies
  • Reduction of liquidity pool assets due to profits made by contract trading users
  • Other losses not caused by the Platform’s intentional misconduct or gross negligence
7.3 The Platform does not make any guarantee or commitment regarding LP returns. Historical data is for reference only and does not represent future performance.
7.4 The Platform has the right, in accordance with anti-money laundering, counter-terrorist financing and other laws and regulations or at the request of judicial and administrative authorities, to freeze or debit assets in user accounts. The consequences arising therefrom shall be borne solely by the user.
7.5 Under no circumstances shall the total liability of the Platform exceed the aggregate amount of service fees actually paid by the user. The Platform shall not be liable for any indirect losses, loss of expected profits, loss of business opportunities, loss of goodwill or other consequential or punitive damages.

Article 8 Breach of Contract

8.1 If the user violates this Agreement or the relevant rules, the Platform is entitled to take the following measures:
  • Restrict or terminate the provision of services to the user
  • Deduct any illegal gains
  • Report to regulatory authorities
  • Require the user to compensate for losses
  • Take legal action
8.2 If the Platform breaches this Agreement and causes direct losses to the user, it shall, subject to Article 7 of this Agreement, bear limited liability for compensation in accordance with the actual losses.

Article 9 Information Disclosure

9.1 The Platform will disclose the following information by way of website announcements, in-site messages and other means:
  • LP business rules and any changes thereto
  • Major risk events
  • Other important information that should be disclosed
9.2 Users may inquire through the Platform about their personal LP assets, returns, shares and other relevant data.
9.3 The data and information provided by the Platform are for reference only and may be subject to delay or inaccuracies. They do not constitute any investment advice or guarantee of returns.

Article 10 Intellectual Property

10.1 The trademarks, logos, technologies, software, page designs and other intellectual property of the Platform are owned by the Platform or relevant rights holders.
10.2 Without the prior written consent of the Platform, users shall not reproduce, disseminate, modify or use the above-mentioned intellectual property for commercial purposes.
10.3 Content posted by users on the Platform shall be deemed to be licensed to the Platform on a free, permanent, irrevocable basis for use.

Article 11 Privacy and Data Protection

11.1 The Platform collects, uses and stores user information in accordance with applicable laws and regulations and the “Privacy Policy”.
11.2 The Platform adopts reasonable security protection measures for user information but does not guarantee the absolute security of such information.
11.3 The Platform may provide user information to judicial or administrative authorities or other third parties it considers necessary in accordance with law.

Article 12 Anti-Money Laundering

12.1 The Platform complies with laws and regulations relating to anti-money laundering and counter-terrorist financing and has established sound internal control systems for anti-money laundering.
12.2 The Platform is entitled to review the user’s identity and sources of funds. Users shall provide relevant information truthfully and cooperate with due diligence investigations.
12.3 The Platform is entitled to refuse suspicious transactions and to record and report large or suspicious transactions to competent authorities.
12.4 Any restrictive measures taken on user accounts for anti-money-laundering purposes and the consequences arising therefrom shall be borne solely by the user.

Article 13 Amendment and Termination of the Agreement

13.1 The Platform has the right to amend this Agreement. The amended Agreement will be published on the Platform and shall become effective as of the date of publication. If the user disagrees with the amendments, the user shall immediately cease using the services; if the user continues to use the services, the user shall be deemed to have accepted the amended Agreement.
13.2 This Agreement shall be terminated upon the occurrence of any of the following events:
  • The user voluntarily applies to cancel its LP status
  • The Platform terminates the Omni LP service
  • The Platform terminates the provision of services to the user in accordance with this Agreement
  • Other circumstances as provided by laws and regulations
13.3 After termination of the Agreement, the user shall promptly redeem its liquidity, and the Platform shall be entitled to settle and close the user’s account. Any losses arising from the user’s failure to redeem in a timely manner due to reasons attributable to the user shall be borne solely by the user.
13.4 The termination of this Agreement shall not affect any rights and obligations that have already arisen. The provisions of this Agreement that are intended to remain in force shall continue to be effective.

Article 14 Governing Law and Dispute Resolution

14.1 The conclusion, validity, interpretation, performance and dispute resolution of this Agreement shall be governed by the laws of the British Virgin Islands. Where there is no clear provision under the relevant laws, international commercial practices and industry practices shall be referred to.
14.2 Any dispute arising out of or in connection with this Agreement shall first be resolved through friendly consultation between the parties.
14.3 If the dispute cannot be resolved through consultation, either party may submit the dispute to a court of competent jurisdiction in the British Virgin Islands for litigation.
14.4 During the dispute resolution process, the parties shall continue to perform their respective obligations under this Agreement, other than those under dispute.

Article 15 Miscellaneous

15.1 This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes any prior oral or written agreements, statements or undertakings.
15.2 If any provision of this Agreement is held to be invalid or unenforceable, such determination shall not affect the validity of the remaining provisions.
15.3 Any matters not covered in this Agreement shall be implemented in accordance with other rules published by the Platform. In the event of any inconsistency, this Agreement shall prevail.
15.4 The headings of this Agreement are for convenience only and shall not affect the interpretation of the provisions.
15.5 The Chinese version of this Agreement is the official version. Any other language versions are for reference only. In case of any discrepancy, the Chinese version shall prevail.
15.6 The Platform reserves the final right of interpretation of this Agreement and the related rules.

Article 16 Effectiveness and Service of Notices

16.1 This Agreement shall come into effect on the date when the user clicks the “Agree” button or actually uses the Omni LP services.
16.2 All notices sent by the Platform to the user may be given by way of website announcements, in-site messages, emails, SMS or other means. Such notices shall be deemed to have been served on the user upon dispatch.
16.3 The user agrees to receive various notices from the Platform in electronic form and acknowledges that electronic notices shall have the same legal effect as written notices.

Special Statement

By clicking “Agree”, the user confirms that:
  1. The user is at least 18 years old and has full capacity for civil conduct;
  2. The user has fully read, thoroughly understood and completely accepted all the contents of this Agreement;
  3. The user has read and understood the “LBank Omni Liquidity Provider Risk Disclosure Statement”;
  4. The user fully understands that, as an LP, they may face partial or total loss of principal;
  5. The user voluntarily assumes all risks and consequences;
  6. The user’s funds are from lawful sources and are not connected with money laundering or other illegal activities;
  7. The user agrees that the Platform shall provide services in accordance with this Agreement and may limit its liability to the extent permitted by law.
 
If you do not agree with any term of this Agreement, please do not click “Agree” and immediately cease using the services.
LBK Blockchain Co., Limited