1.1

VeChain Pro: means the application tool developed by the Company to facilitate the User to inquire basic Commodity Information and circulation records. By scanning the Commodity Tags with VeChain Pro, the User can inquire the basic Commodity Information and the complete circulation records, such as the whole process from the manufacturing to the transportation, which have been uploaded and recorded on VeChainThor Blockchain by the third-party enterprises cooperating with the Company, and have not been tampered with by other parties.

1.2

VeChainThor Blockchain: means the global leading public blockchain platform designed and developed by the Company to support large-scale enterprise applications. It has a comprehensive economic model, advanced technology concepts and a strong governance structure to ensure the commercialization of blockchain technology and to provide enterprises and individuals simple and secure blockchain solutions.

1.3

User: means any individual who accepts and agrees to all the terms and conditions of this Agreement and the related agreements and rules published or updated by the Company from time to time, and who uses the Software services. You confirm that, before you begin to use the Software services, you should have the corresponding civil capacity required by the laws of the jurisdiction you are located at to your conduct.

1.4

Commodity Tag: means the physical carriers attached to the commodities when the third-party enterprises cooperating with the Company access the traceability and anti-counterfeiting system for commodities provided by the Company.

1.5

Commodity ID: means the commodity IDs automatically generated by the Company’s background system, which used to support the third-party enterprises in accessing the corresponding traceability and anti-counterfeiting system for commodities. The third-party enterprises register commodities in the form of “one commodity, one code” on VeChainThor Blockchain. Then, the system collects and records the circulation of commodities in the whole process from the manufacturing to the transportation, so that the User can view the Commodity Information through the Software.

1.6

Commodity Information: means the information collected, stored, processed and uploaded independently to VeChainThor Blockchain by third-party enterprises, including but not limited to commodity name, commodity compositions, origins, links, circulation records and other information.

1.7

VeChainThor Blockchain Certificate: means the transaction authentication certificates for third-party enterprises who upload the Commodity IDs to VeChainThor Blockchain, which display the time when the Commodity IDs are uploaded and the transaction IDs generated after Commodity IDs being uploaded.

2.1

Check commodity details. The User can log in to the scanned page and read the Commodity Information that uploaded by the third-party enterprises to VeChainThor Blockchain by scanning the Commodity Tag, including but not limited to the name, composition, size, origin introduction, and circulation record of commodities, Commodity IDs and the VeChainThor Blockchain certificates corresponding to commodities.

2.2

Other services that the Company considers necessary.

3.1.1

The Company may develop different versions of the Software for different terminal devices. You should obtain, download, and install the applicable version according to your actual needs. In order to enhance the User’s experience and our services, we will update or modify the Software occasionally (including but not limited to the modification, upgrade, function enhancement, new service development and application replacement of the Software, etc.). A previous version of the Software may stop to operate after a new version is released. The Company does not guarantee the security of any previous version of the Software, neither its continual usability nor provision of corresponding customer service. Please check and download the latest version at any time.

3.1.2

The User can directly read Commodity Information by using this Software to scan Commodity Tags, including QR code and NFC chip. However, the Company shall not assume any responsibilities when the User use the Software to scan the Commodity Tags that are not provided by the Company and unable to identify the commodities information.

4.1

The Software will receive and record the relevant information about the mobile device you are using based on the permissions you have granted. The information includes: device attribute information (such as device model, operating system version, device settings, etc.), device location information (such as location information obtained through GPS, Bluetooth or WIFI signal), device link information, etc. The aforementioned information is available to us only if you have granted relevant permissions to the Software on your device.

4.2

The Company will apply a variety of security technologies and procedures to establish a sound management system to protect your personal information and avoid unauthorized access, use or disclosure.

4.3

The Company respects and protects the privacy of all Users and will not transfer or disclose your personal information to any non-associated third parties unless:

5.1

The Company is obliged to make efforts to ensure the regular operation of the Software based on the current state of technical, and try its best to avoid service interruption or limit the interruption time (if any) to the shortest, and ensure the smooth use of the services provided by the Software. However, the Company does not give any express or implied warranties, including but not limited to the service applicability of the Software, zero errors or omissions, sustainability, accuracy, reliability, and applicability for a particular purpose. At the same time, the Company does not make any commitments or guarantee for the validity, accuracy, correctness, reliability, quality, stability, completeness and timeliness of the technology and information involved in the services.

5.2

The Company shall not assume any responsibility for the User’s failure to visit the Software, the delay, stagnation or incorrectness of the information and data presented in the Software and for any loss of the User incurred thereby. Aforementioned may be caused by force majeure (refers to government actions such as modification of policies, laws and regulations, natural disasters, war, disruption of communication, hack attack, computer virus intrusion or attack, technical adjustment of telecommunication institutions, and governmental control behaviors that cause the temporary shutdown of the Software or any other unexpected incidents that affect the regular operation of the Internet), a third party’s deliberate destruction, the Application’s regular system maintenance and upgrade, as well as network congestion.

5.3

You fully understand and agree that the Commodity Information displayed on the Software are recorded by the third-party enterprises and uploaded to VeChainThor Blockchain. The Software only provides technical services for reading information from the blockchain and displaying it to the User. Due to the decentralization feature of the blockchain, the Company only guarantees that the data uploaded by the third- party enterprises to VeChainThor Blockchain will not be tampered with. The Company has no responsibilities or obligations to conduct any audit or notarization for the information uploaded by the third-party enterprises, and does not guarantee the authenticity and integrity of the aforementioned information. Unless otherwise agreed by the Company in writing, the Company does not guarantee the authenticity, accuracy, completeness, reliability, validity, timeliness and legality of any content, information, data, and so on, obtained by the User in any way through the Software. The User shall judge the content contained in the Software at its sole discretion and assume all risks arising from the application of the foregoing content, including risks due to the reliance of the correctness, completeness or usefulness of the content, and the Company will not be liable for any consequences due to the use of the Software.

5.4

You fully understand and agree that the Software is a tool for inquiring the Commodity Information and does not provide any trading services. Any transactions made by the User through other applications, shopping platforms or offline stores are not related to the Company. The Company will not be liable for any dispute or controversy arising out of or in connection with such transaction which shall be settled by the User and the counter party of the transaction.

6.1

The Company owns the intellectual property rights of the contents and resources provided by the Software (including this Agreement, announcements, articles, videos, audios, pictures, files, information, materials, trademarks or logos). The User may only use the Software and its contents for the purpose of using searching service of traceability and anti-counterfeiting for commodities, and cannot reproduce, modify, copy, transmit or use any of the aforementioned materials or contents for commercial purposes.

6.2

Any copyright or trademark right of logos related to “唯链” and “VeChain” used in the Software are owned by the Company. Any individuals or entities cannot copy, reproduce or quote them in any form without the prior written consent of the Company, otherwise, the Company will pursue its legal responsibilities.

7.1

The effectiveness, interpretation, amendment, supplement and dispute resolution of this Agreement shall be governed by the laws of the People's Republic of China and can be referred to commercial practices and/or industrial practices if there are no such relevant provisions under the laws of the People's Republic of China.

7.2

Any dispute arising out of this Agreement or performance of this Agreement, or in connection with this Agreement, including any problem to its existence, validity or termination, the Parties shall endeavor to settle through friendly communication and negotiation. Where any party is unwilling to settle in good faith, or failure to reach an amicable settlement within 30 days from the first day when such dispute occurred, then either party shall have the right to submit the dispute to the Shanghai International Arbitration Center ("SHIAC") and appoint one or more arbitrators in accordance with the current valid Arbitration Rule to settle. The language for arbitration is Chinese. Unless otherwise agreed by the Parties under this Agreement, the place for arbitration is Shanghai and the arbitration award is final and legally binding on the parties.

8.1

This Agreement includes the VeChain Pro Service Agreement, various agreements and rules posted and updated by the Company from time to time. Unless otherwise agreed, the various composition agreements and rules of this Agreement shall have equal legal effect. The Company has the right to unilaterally modify or alter the content of this Agreement at any time. If you continue to use the Software after the modification or alteration of this Agreement, it shall be deemed that you have read, understood and agreed to accept the contents of the altered agreement, and shall not require any remedies or indemnifications. If you do not agree to the alteration of this Agreement, you shall stop using our services.

8.2

All provisions of this Agreement are severable, and if any provision of this Agreement is deemed to be repealed, invalid or unenforceable, the remaining provisions of this Agreement shall remain valid, enforceable and binding.

8.3

Any translated version of this Agreement is only provided for the convenience of Users, and is not intended to modify any provisions of this Agreement. If there is any discrepancy between the Chinese version and the non-Chinese version of this Agreement, the Chinese version shall prevail.

8.4

If you have any questions, comments or suggestions during the use of the Software, please contact us by sending us email to: service@vechain.com.@vechain.com.

8.5

This Agreement shall come into effect on January 21, 2019.