● This discretionary investment Agreement solicitation document provides an explanation of the process and related details for discretionary investment to the client prior to the conclusion of the discretionary investment agreement(“Agreement”).

● Please review the terms and conditions presented in this written document carefully prior to the conclusion of Agreement and using the service.

1) Definition of the discretionary investment service

It refers to the Company’s discretionary investment act in which all or part of investment decisions on investment products are entrusted by the client. The Company acquires, disposes of, and manages the investment products in other known ways separately for each client.
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​2) Scope of the discretionary investment service

The scope of the discretionary investment service is as follows. However, other matters about the scope of the discretionary investment service may be specified in the Agreement:

(1) Establishment of investment strategies for discretionary assets, including the Robo-Advisor strategy

(2) Types, items, quantities, and prices of investment targets

(3) Trade classification, method, and timing of investment targets

(4) Other incidental business

​3) Investment targets

The investment asset, which is the target of the Company's discretionary investment service, is financial investment products which can be specified in Agreement, in consultation with the client, as follows:

(1) Spot products listed on major exchanges that the Company finds qualified including but not limited to Binance, Huobi, OKX, Bybit

(2) Other investment products agreed by the Company and the client

​4) Pre-approval of transactions with interest

If the Company wishes to invest in assets issued by the Company and its interested parties, it will seek the approval of the client in advance. The Company does not currently have any assets in its interest.

1) General criteria for the discretionary investment service

The Company offers the discretionary investment service based on our investment management philosophy and style to perform effective discretionary investment service on discretionary assets.

(1) Investment management philosophy

The portfolio is composed of strategies that are out-performing in the market and have passed multiple, robust back-testing

(2) Investment management style may include:

① Statistical Arbitrage: Arbitraging the spread between the traditional/digital asset market as a whole and individual digital assets based on momentum and mean reversion

② Momentum: Assuming that that a certain momentum of price movements will persist in a given time frame

③ Reversion: Assuming that the significant price movements of a certain digital asset will eventually revert to the mean price

​2) Discretionary investment procedures

The discretionary investment service is carried out as follows:

(1) Introduction of the Company and the discretionary investment service on the HEYBIT GLOBAL website (https://www.heybit.com)

(2) User registration on the website by agreeing to the General Terms of Use and Privacy Policy

(3) Creation of a user account and an auto-trading bot by agreeing to the terms of use documents

(4) Deposit of USD Tether(USDT) to the discretionary account of the client on the exchange

(5) Charging of the management fees upon initiating the investment management of the asset

(6) Executing the investment management of the asset

(7) Collecting the early termination fees if the investment management is stopped before 180-day cycle and/or the performance fees if profit is made during the cycle

​3) Management of the client’s assets

(1) The client's discretionary investment assets are securely stored in the discretionary account, and the Company cannot move the investment funds at its discretion without the client's request.

(2) The amount of the Agreement may be changed at the request of the client, even during the term of the Agreement.

The Company abides by the Agreement to prevent conflicts of interest with customers, and provides discretionary investment services to customers in good faith.

1) Confidentiality obligations

The Company will not disclose the contents of the investment assets, management status, personal information, or any other information of the client concerning the Agreement to any third party without the client’s prior consent.

​2) The Company’s obligation of satisfying the client’s reasonable restrictions on the management or request of termination

The client may place reasonable restrictions (referring to changes in the management terms, etc. as determined by Agreement on the management of discretionary assets, or may require changes in management methods or termination of the Agreement, and the Company shall be obligated to comply with reasonable restrictions or termination requests from investors unless otherwise provided in Agreement.

​3) The Company’s limit of behavior

The Company, the executives, and the employees place the best interests of the client first and do not conduct unsound business as defined in the “HEYBIT GLOBAL’s Discretionary Investment Agreement(BEYOND ESSENTIAL)”.

1) Duty to give notice

(1) The client shall promptly notify the discretionary investment manager of any changes that may affect the Company’s provision of the discretionary investment service.

(2) The Company shall not be liable for any disadvantages arising from the failure to comply with the client’s notification obligations.

​2) Confidentiality obligations

The client shall not disclose the content of any discretionary investment services provided by the Company to any third party during the discretionary investment service, and shall not jointly use any of the Company’s discretionary service with any third party without the prior consent of the Company.

​3) Liability for discretionary investment results

Any profit and loss of incurred from discretionary investment management are attributed to the client. In the event of any loss, therefore, the client shall not claim any or all of such compensation to the Company.

1) Discretionary investment fees

(1) The discretionary investment fees is paid by the client to the Company separately from the Agreement price.

(2) Discretionary investment fees are collected in two separate categories: management fees and performance fees.

​2) Standard of discretionary investment fees

Please refer to the [Annex] “Discretionary Investment Fees Calculation and Payment Method” on the following matter: discretionary investment fees system, calculation method, payment period, and fees for interim increase and reduction.

​3) Calculation period and payment method for discretionary investment fees

The discretionary investment fees is calculated based on the period of the Agreement from the date of the Agreement and is either directly deposited by the client in the wallet specified by the Company or deducted from the Agreement price. In principle, the management fees is paid in advance (within 7 days from the date of the Agreement) and the performance fees is paid subsequently (within 7 days from the date of the Agreement expiration or termination).

For the management fees, the client can choose either a one-time fees or a monthly payment.

​4) Application of the performance fees

(1) If the performance fees is to be included while concluding the Agreement, the management fees is equivalent to the [Annex] “Discretionary Investment Fees Calculation and Payment Method.”

(2) The performance fees may be set differently by the Agreement with the client.

​5) The Company may dispose of assets in a discretionary account for outstanding fees.

1) Term

(1) The term of the Agreement shall be 6 months from the date of the agreement. Without additional manifestation of will by 14 days prior to the expiration date, the agreement price shall be the value of the assessment as of the expiration date in the event of the Company renewing the Agreement. The Company may choose to terminate the Agreement or renew the Agreement. The terms and conditions of the Agreement shall be deemed to be the same as the original Agreement unless otherwise agreed.

(2) If the term is automatically extended, an extension Agreement is not created.

​2) Agreement Change, Avoidance, and Discharge

(1) The client shall in principle not change, avoid nor discharge the Agreement during the term of the Agreement.

(2) If there is any inevitable reason, however, avoidance or discharge is possible under the conditions agreed with the Company.

(3) The Company may decide to suspend operations and to support withdrawals for weighty reasons if the client is unable to correct the legal impairment in the operating assets or if the decision does not violate the client’s profits, as determined by the Agreement.

1) The type of assets at the beginning of the Agreement and the type of returned assets at the time of the expiration

The type of assets at the beginning of the Agreement and the type of returned assets at the time of the expiration of the Agreement shall be stablecoins (USDT, USDC, etc.) at that time.

​2) Method of evaluating investment performance

The investment profit rate shall be the percentage change of the net value of the discretionary assets as of the day of evaluation based on the investment principal.

​3) Investment performance report

The investment result can be reported directly via e-mail more than once a quarter stating the following:

(1) Overview of investment management progress and profit and loss status

(2) Analysis of risks generated during investment management.

(3) Performance fees imposition criteria and their completion

(4) Other requirements for investor protection