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商品利用契約

November 16. 2022 ~ November 28. 2022

2年以上前に更新

HEYBIT GLOBAL Discretionary Investment Agreement

- BEYOND ESSENTIAL -


The Client and Uprise Global, Inc. (hereinafter referred to as “Company”) enter into the following terms and conditions for the discretionary investment agreement provided by the Company.



Definitions of terms

The definitions of terms used in this agreement shall be as follows:

① “Discretionary investment service” means the management of assets within each Client’s account by means of acquisition, disposal, and other means by which the company has the full discretion to decide the trading of digital assets from the client.

② “Digital asset” means a type of assets that secure security through cryptographic means and store transactions in a blockchain distributed book to guarantee de-centralized trust without a third party guarantee such as a bank.

③ “Exchange” means a digital asset exchange in which a company manages digital assets by having an account delegated by a Client.

④ “Discretionary account” means a digital asset management account established on the Exchange for the Client in connection with this agreement.

⑤ “Discretionary asset” means digital assets that have been entrusted by the Client for management, and digital assets formed through the management, etc. of the digital assets.

⑥ “Investment principal” means the amount of the digital assets withdrawn and deposited by the Client from the beginning to the end of the management.

⑦ “Fee” is the commission that the Company collects from the Client in the process of providing the automated trading service.

⑧ “Minimum investment amount” means the minimum discretionary asset required by the Company to initiate discretionary investment service to the Client.

Article 1 (Purpose)

The purpose of this agreement is to establish the requirements for the Company to provide the discretionary investment service on Client’s discretionary assets and for the Client to pay the fees for the discretionary investment services of the Company.

Article 2 (Content of Agreement)

The detailed terms and conditions of this agreement agreed by the Client and the Company shall be in accordance with [Annex].

Article 3 (Investment Targets)

In the management of the Client’s discretionary assets, the investment target shall be the digital assets listed on the Exchange and their derivative products as follows:

  1. Spot products listed on major exchanges including but not limited to Binance, Huobi, OKX, and Bybit

  2. Other investment products agreed by the Company and the Client

Article 4 (Scope of Discretionary Investment)

The Client shall entrust the Company with the following matters and the Company shall invest for the Client. However, the Client and the Company may agree to specify this separately.

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

Article 5 (Fees)

① The Company may receive the fees for the discretionary investment service as specified in the detailed terms of the [Annex] agreement.

② The Client shall be obliged to pay the fee in Paragraph ① within a specified period of time, and the timing and method of payment shall be in accordance with the time of payment of the fee in the detailed terms of the [Annex] agreement.

③ The Client shall bear any additional costs, such as taxes, that are due to payment obligations to any third party other than the Company.

④ The Company may dispose of assets in a discretionary account for outstanding fees.

Article 6 (Company’s Fiduciary Duty)

The Company shall, bona fide providing the discretionary investment service to the Client, faithfully perform its obligations.

Article 7 (Access to Investment Information)

① The Client is able to check the status of the investment such as the Assets Under Management (hereafter AUM) and the current rate of return upon accessing the service through log-in.

② Certified documents that are not detrimental to the maintenance of the algorithm’s performance competency can be issued upon the request of the Client.

Article 8 (Duty of Confidentiality)

① The Client shall not jointly use the Company’s investment service with any third party without prior consent from the Company and shall keep all data and information obtained during the use of the services confidential to the third party.

② The Company shall maintain confidentiality of the investment assets, management status, personal information and all other matters of the Client as known in connection with the agreement. This shall also take effect if this agreement is terminated or canceled. Provided, that this shall not apply to such cases as are offered to the minimum extent necessary for the purpose of use by a tax authority or a state agency’s proper submission order.

③ The Company may request the data related to the Client’s discretionary account to the Exchange or electronically check the data if necessary for business purposes.

④ The Client shall be liable for any breach of Paragraph ① and Company may terminate this agreement immediately without the Client’s prior consent.

Article 9 (Duty to Notice)

① The Client shall promptly notify the Company of any changes in his/her e-mail address, telephone number, and other matters which may affect the Company’s provision of the discretionary investment service. If the Client is deceased, the inheritor should notify the company without delay.

② The Company’s notification to the Client under this agreement shall be delivered via e-mail which is specified electronically on its homepage.

③ The Company shall not be liable for any disadvantages caused by the Client’s failure to notify for the Client’s responsible reason unless the Company has a responsible reason. However, even in this case, the Company shall fulfill its duty of care as a good manager.

Article 10 (Liability of Management Performance)

The discretionary investment service does not guarantee forecast of market conditions, achievement of target returns, investment performance and preservation of the principal, etc., and the profit and loss resulting from the use will be attributed to the client.

Article 11 (Prohibited Matters for Company)

The Company shall not commit any of the following acts:

① Act of receiving additional fees other than the fees set forth in the agreement

② Act of purchasing, selling, or encouraging a third party to buy or sell the investment product or other investment assets on his or her own account before executing the decision of buying or selling, which may have a significant effect on the price of the investment product and other investment assets in the management of discretionary assets except for each of the following Paragraphs:

  1. When it is proven that the information relating to the management of the discretionary assets has not been used

  2. When it is objectively evident that the information relating to the management of the discretionary assets, such as marginal transactions, has not been intentionally used

③ Act of the Company trading investment assets with discretionary assets in order to establish an artificial market price of the investment assets

④ Act of seeking the benefit of the Company or a third party while doing harm to the benefit of a particular client

⑤ Act of collecting multiple clients’ discretionary assets and managing them, rather than managing discretionary assets for each client It is, however, except in case of collecting and processing the purchase orders of multiple investment assets to efficiently manage the individual discretionary assets, and distributing the results fairly according to the asset allocation specifications determined in advance for each discretionary asset.

⑥ Act of managing discretionary assets in violation of the Agreement

⑦ Act of refusing or interfering unfairly with the Client’s inquiry into the management details of the discretionary asset and the evaluation of the asset

⑧ Act prohibited by any other applicable law

Article 12 (Acts the Company Cannot Be Entrusted)

① The ownership of the discretionary asset in the Client’s discretionary account remains with the Client, and the Company shall not be delegated by the Client in respect of any of the following:

  1. Act of withdrawing amounts from discretionary asset except for the fee

  2. Any other act as set forth by applicable law that would create a conflict of interest or dispute with the Client

② The Client shall not demand any action prohibited by applicable law against the Company.

Article 13 (Indemnity)

The Company shall not be liable for any damage of the Client caused by any of the following reasons unless there is a reason for liability:

① Impossibility or delay in performance of the agreement due to a natural disaster, war, incident, or other reason deemed to be uncontrollable

② Impossibility or delay in performance of the agreement resulting from bankruptcy or theft of the Exchange, and any damages resulting from such failure

③ Damage caused by falsification, theft, and other incidents, even when documents and a seal (or signature) are checked with considerable care

④ Damage due to the Client’s other responsible causes

Article 14 (Service Precautions)

The Client must take the following precautions and use the service at his/her own expense and responsibility.

① In the event of the acquisition of digital assets managed by the Company for reasons such as Hardfork, Airdrop, Swap, etc., the Company shall have the right to determine the processing of digital assets acquired for such reasons to the extent that they are in the interests of the Client.

② The entity providing the discretionary investment service may be transferred from the Company to another entity, either domestic or foreign, with the consent of the Client. The Company has an obligation to ensure in advance that the new provider of the discretionary investment service is sufficiently competent to provide the discretionary investment service. The Client’s account information may be provided to the new service provider for specifying and protecting the Client’s assets.

③ The Company may change the Exchange to provide the discretionary investment service if there is a concern that the Exchange may injure the Client’s interests, with suspended or incomplete support of discretionary investment service and abnormal operation of the discretionary investment service due to the circumstances of the Exchange. In this case, however, the Company shall notify the Client in advance of the change of the Exchange.

Article 15 (Term of Agreement)

① The term of the discretionary investment service agreement shall be the period defined by the Client and the Company in [Annex].

② The Company can decide to suspend early management and to support withdrawal for rational reasons only if it does not violate the Client’s interests.

③ Unless the Client expresses the intention to terminate the agreement by 14 days prior to the expiration date of the term on the service, the agreement will be automatically renewed. Upon the renewal, it shall be deemed that a new agreement is signed on the same terms as the previous agreement on the next business day after the expiration date.

④ When the expiration date of the agreement falls on a public holiday, the next business day shall be the expiration date of the agreement.

Article 16 (Termination of the Agreement)

① The Client may terminate the agreement before the 180-day term upon paying the early termination fee described in Annex.

② The Company shall give a period of 14 days or more to the Client to require corrective measures if any of the following causes occur, and may terminate the agreement if the Client fails to take appropriate action. However, this agreement may be terminated immediately if it is evident that the Client’s breach of this agreement is impossible to correct or that the goal of this agreement is reached to an extent that cannot be met due to the severe breach of the agreement:

  1. when the management of the discretionary asset is limited by the right pledge (the creditor may hold the collateral until the debtor repays the money, and the debtor may be reimbursed for the collateral preferentially if the debtor does not repay the money) to have provisional seizure or seizure procedures on the Client’s discretionary account

  2. when the management of the Client’s discretionary account is restricted by a lawful order of a national authority due to the reasons attributable to the Client

Article 17 (Change of Agreement, etc.)

① The Company shall deliver any changes to the agreement via e-mail, telephone, or text message to the Client at least seven days prior to the effective date of the revised agreement. However, if the agreement is changed due to a change in the system following the revision of the related laws or the business regulations of the Exchange, and if there are urgent and unavoidable circumstances, the changes are delivered before the effective date of the revised agreement in the same way as in the previous sentence.

② If any change to Paragraph ① is unfavorable to the Client, such notice shall be made no later than 1 month prior to the effective date of the revised agreement in a written form or in a manner previously agreed with the Client. Provided, that this shall not apply where the content before the change is applied to the existing Client or where the Client explicitly indicates that he/she will not be notified of the changes.

③ The Company shall notify the intent upon notice under Paragraph ② that “the Client may terminate the agreement if he/she does not agree to the change of the agreement. If the termination of the agreement which is to be changed is not indicated by the business day before the effective date of the agreement, the Client is considered to consent to the agreement.”

④ If the Client does not express his or her intention to terminate the agreement within the business day before the effective date of the revised agreement from the date of receipt of notice under Paragraph ③, he or she agrees to the change.

Article 18 (Form of Assets upon Commencement, Expiration, Avoidance, and Suspension of Investment)

The property form at the beginning of the agreement and the form of returned property at the time of the suspension, expiration, termination (including withdrawal) of the agreement shall be the stable coin (USDT, USDC, etc.) at that time.

Article 19 (Evaluation and Settlement of Discretionary Asset)

The evaluation of discretionary assets shall be based on the date of the beginning of the management when commencing it, the date of expiration when the agreement is terminated, and the date when the conversion of the digital asset is completed as the form of the asset to be returned to the Client (hereinafter referred to as the “Evaluation Standard Date”) upon avoidance or suspension of investment unless otherwise agreed.

Article 20 (Evaluation of 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. The calculation of discretionary asset shall be in accordance with the evaluation method of Article 19.

Article 21 (Compliance with Relevant Laws and Regulations)

The Client and the Company shall comply with relevant laws and regulations.

Article 22 (Application of mutatis mutandis in relevant laws and regulations)

Matters not provided for in these Terms and Conditions shall be in accordance with the relevant laws and regulations, etc. unless otherwise agreed between the parties; in case the relevant laws and regulations, etc. are silent, it shall follow the commercial practice.

Article 23 (Miscellaneous)

① These Terms shall be governed by, and construed in accordance with, the laws of Singapore.

② Any lawsuit related to these Terms shall take place in Singapore.

③ Matters not specifically determined in this agreement shall be governed by the Discretionary Investment Agreement Solicitation Document confirmed by the Client.

The Client and the Company shall confirm each of the above provisions and shall sign the agreement on-line and keep it in electronic form as proof of this agreement.


[Annex] Detailed Terms and Conditions

  1. Notice to Client
    Notification method: e-mail

  2. Investment targets

    1) Spot products listed on major Exchanges such as Binance, Huobi, OKX, Bybit

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

  3. Term: 180 days from start date of the management
    1) If the investment amount is deposited in the target account after the agreement date, the management starts, and it is considered the beginning date of the management.
    2) The term shall be 180 days from the start date of management in principle, but if the end date is a public holiday, the term of the agreement shall be extended until the next business day.
    3) The Company may notify the Client of the expiration date of the agreement by 14 days prior to the expiration date, and may decide to renew or terminate the agreement on the same terms and conditions as the previous agreement if the Client has not indicated the intention to terminate the agreement by the expiration date.
    4) Even before the agreement expires, the Company may decide to stop early management of some or all investment amount for rational reasons and to withdraw according to that. In this case, the Company shall inform the Client of the early termination of the management and the resulting withdrawal one week in advance, and return the fee-reduced amount after one week.
    5) Even if the additional payment is made during the management, the service is managed up to the first set agreement period.

  4. Investment principal: The amount of money the Client has deposited in the account for the automated trading service
    1) Minimum operation amount: 2,000 USDT
    2) Upon renewal of the agreement, the initial investment principal shall be the amount of the discretionary asset evaluated at the expiration date deducted by the fees.

  5. Fees
    1) Categories of discretionary investment fees
    (1) The discretionary investment fee is deducted from the discretionary assets.
    (2) Discretionary investment fees are collected in two separate categories:
    management fees and performance fees.

    2) Detail of management fee and performance fee


    3) Calculation period and payment method for discretionary investment fees
    The discretionary investment fee is calculated based on the contract term(180 days) from the date of the first deposit, and is deducted from the Client’s deposit in the managed account. In principle, the management fee is deducted within a business day from the date of the deposit and the performance fee is paid subsequently on the date of the contract expiration or termination.

    The management fees for a new agreement and additional payment are as follows:

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