Definitions

Unless otherwise specified, the following terms have the meanings below:

  1. Agreement: Refers to this Flexible Mining Service Agreement and all its terms and information in the appendices.

  2. LBank Platform: A global digital asset trading platform dedicated to providing professional asset management services.

  3. Participant: A verified, registered user of LBank participating in idle digital asset value-added services.

  4. Participation Period: The duration during which the Participant entrusts LBank to manage their idle digital assets, starting from the date of joining the flexible mining service, i.e., the effective period of this Agreement.

  5. Annual Return Rate: The expected annualized return rate for the Participant from the flexible mining service.

  6. Month: A calendar month.

Rights and Obligations of Party A (Participant)

  1. By signing this Agreement, Party A voluntarily accepts all its terms.

  2. Upon the end of the service period, Party B (LBank) will transfer digital assets to Party A’s account based on actual returns.

  3. Party A authorizes Party B to reasonably manage their assets through operations such as quantization, hedging, arbitrage, and leveraged lending.

  4. Party A guarantees that all provided information is true, accurate, and complete.

  5. Party A ensures that the assets used for participation are legally owned. Any disputes over asset ownership or legality shall be resolved by Party A, who will bear full responsibility for any losses caused to Party B or third parties.

  6. Party A acknowledges that Party B’s investment operations reflect their true intentions and accepts the associated risks and returns.

  7. Party A must notify Party B within 72 hours of any changes to critical information such as account details, email, or phone number. Party A bears any losses resulting from failure to notify Party B in time.

  8. Party A agrees that written or electronic information provided by Party B forms part of this Agreement.

Rights and Obligations of Party B (LBank)

  1. Party B provides information services to Party A in a lawful, honest, and fair manner, safeguarding Party A’s legitimate rights.

  2. Party B offers asset value-added services to Party A, and Party A must provide necessary cooperation (e.g., signing authorization documents).

  3. Party B may report Party A’s asset-related information to relevant authorities or databases as required by government or industry regulations.

  4. Party B shall keep Party A’s information, assets, and service-related data confidential as required by law.

Applicable Law and Dispute Resolution

  1. This Agreement is governed by the laws of LBank’s registered jurisdiction. If any term conflicts with mandatory legal provisions, it shall be interpreted and enforced within the maximum scope permitted by law, without affecting the validity of other terms.

  2. Any disputes shall be submitted to the arbitration commission in LBank’s registered jurisdiction, following its simplified arbitration procedures. The arbitration decision is final and binding on both parties.

  3. During arbitration, terms not under dispute remain effective, and neither party may refuse to fulfill obligations under this Agreement due to the dispute.

Miscellaneous

  1. Delays, suspensions, or deviations in the flexible mining service due to network delays, system failures, or force majeure may occur. LBank will strive to ensure service stability but is not liable if the final results differ from Party A’s expectations.

  2. This Agreement takes effect upon signing and terminates when both parties fulfill their obligations. Party A entrusts Party B to retain related written or electronic information.