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IP Flea Market

Introduction

"Knowledge is power", the adage from Francis Bacon, the British philosopher of 16th-17th century, is more self-evident than ever before in its meaning in global information and commercial society of today. The Hong Kong Intellectual Property Exchange (HKIPX) offers you Midas touch to convert your "knowledge" into personal wealth. Inventions, literary and artistic works, trademarks and brands, collectively known as the wisdom of mankind, are indeed a huge "gold mine". Unfortunately, its value has been historically ignored or undervalued.

HKIPX has made ready a marketplace for IP holders to access capital markets through its experts with decades of experience in the industries of intellectual property, finance and capital markets. To do this, HKIPX is offering three major trading engines with different functionality to buyers and sellers of intellectual properties: 1) Intellectual Property Flea Market, 2) Financing Platform for Intellectual Property Project and 3) SIPP trading Engine. On the following section highlights SIPP Trading Engine:

Intellectual Property Concept 101

Besides the traditional contents of patents & technology, trademarks and brands, copyrights and cultural assets, intellectual property goes well beyond to include much more in the intangible assets. Intellectual property covered in this section will focus the following concepts:

Patents and technologies: inventions, utility models, industrial designs, technical secrets and know-how, business models and industrial resources, etc.

Copyrights and cultural assets: acrobatics, architectural design, art works, computer software, dance, drama & opera, folk literature, literary works, movies & TV programs, music, oral literature, photography, technical drawing, theater and opera, written works.

Trademarks and brands: 3D trademarks, alphabetic mark, color composite marks, graphic trademark, numeric mark, word mark and other composite marks.

IP Flea Market Trading Engine

The IP flea market changes the inefficient traditional method of technology transfer through mechanism of market competition in an open and fair environment, market-oriented pricing mechanism by streamlining the IP transaction process. The engine has four trading formats (buy now, auction, brokered deals, and licensing) for items worth HK$1,000 up to HK$5,000,000. Sellers will list information of intellectual property rights at HKIPX website. HKIPX will release the listing after auditing. Buyers and sellers will then be able to review the listing at the IP Flea Market. Buyers and sellers can choose one of the four trading formats (buy now, auction, brokered deals, and licensing) to complete the transaction based on the seller's prior choice. Platform oversees the fairness, legality of the transactions and safety of funds.

The engine is good for the IPs which have not yet been commercialized (eg., patented technologies, trademarks and brands and copyrights, etc.) or IPs in development (such as in conceptual or application stages).

The Flea Market is suitable for intellectual property which has not yet been commercialized (eg: Approved patent technology, trademark branding and copyright created, etc.) or intellectual property which will be generated (Content under application or in concept stage).

Seller Operating Procedures

1. Apply to become HKIPX Registered Users:

For the convenience of users, the registration process on the platform is similar to registration in general websites, the procedures are as follows:

First, connect to Hong Kong Intellectual Property Exchange website (http://www.hkipx.com);

Second, click login at the top to enter registration page;

Third, fill in basic information after entering registration page;

Basic information includes: user types (individual, institutional user), account number (phone number or email, currently only email registration), user name, password, check read and agree to “HKIPX User Service Agreement”;

Fourth, click next step to verify verification code;

Mobile Verification: System will send you one string of random code to your phone, you have to fill in the verification code box with the received code within one minute and click confirm to complete the verification. If you do not receive the verification code, you can click “resend verification code” to reacquire the verification code, or click “change phone number” to fill in a new phone number.

E-mail Verification: System will send you one string of random code to your email, you have to fill in the verification code box with the received code within one minute and click confirm to complete the verification. If you do not receive the verification code, you can click “resend verification code” to reacquire the verification code, or click “change email” to fill in a new email.

Fifth, verification is successful.

After successful verification, you will get a Hong Kong Intellectual Property Exchange login account. Then you can start your intellectual property transaction journey through real-name authentication and investment treasure activation.

2. Apply real-name authentication

In order to protect the safety of users, HKIPX has real-name authentication on the users involved in order to ensure that parties involved in the transaction have valid legal status to fulfill contractual obligations. With the real-name authentication function in member center, you can complete the real-name authentication. Only users with real-name authentication can release information, specific operational procedures are as follows:

First, click into the Member Center;

Second, click on the real-name authentication icon to go into the real-name authentication page;

Third, submit real-name authentication information; (specific information see below)

Fourth, verification is successful, real-name authentication completed.

2.1 Required information

Personal Information

Real name: please fill in your name the same as that on valid document;

Valid document: valid documents include: identity card, passport, military ID, etc.

ID Number: Please enter the number of documents, such as identity card number.

Front and Back of document: upload scanned copies of document;

Photo of individual and document: photo taken with individual holding valid ID document, requiring photo must clearly show the documents and real personal face, no cap or face covered is allowed.

Personal Signature: Scan and upload your original signature.

Contact: Fill in the mobile number, e-mail and other contact information, we will verify the authenticity of the information you submitted with you via phone.

Institutional information:

Corporate Name: name of corporate on the business license

Organization code: business or organization code

Legal representative: name of corporate legal representative

Business license: scanned copy of business license

Organizational Code Certificate: scanned copy of organizational code certificate

Organization seal: scanned copy of organization seal

Contact: Fill in the correct contact person, mobile number, telephone number, fax number, email, address, we will verify the authenticity of the information you submitted with you via phone.

3. Activation of Investment Treasure Account

Investment Treasure is the virtual currency account in Hong Kong Intellectual Property Exchange trading platform, before activating the investment treasure account, you must first pass real-name authentication, steps are as follows:

First, log in Hong Kong Intellectual Property Exchange (http://www.hkipx.com);

Second, enter Member Center;

Third, click [activate] on “Account Statistics” module, enter “Link Bank Card" page (information needed: Bank name, Branch name, account name, card number) Note: Bank account is used to withdraw cash, it cannot be modified after binding, please fill in seriously.

Fourth, fill in investment password, investment password is used when you pay, please do not set up simple password or the same as login password.

Fifth, click on "Next Step" to enter transfer verification phase, the system will transfer one dollar or below to your account, please review account information within 2 working days and fill in the correct amount of transfer, if you do not receive any transfer, please contact platform customer service.

Sixth, after filled in correct information, click "Submit" to complete the investment treasure activation.

4. Application for Qualification Certification

Valuation certification is a comprehensive assessment of personal integrity and strength for trading individuals, organizations on Hong Kong Intellectual Property Exchange platform.

Operational Procedure

First, log in Hong Kong Intellectual Property Exchange, enter valuation certification in “Qualification Certification” module;

Second, click “apply certification” to enter qualification certification application;

Third, fill in qualification certification information, click “Submit” button to enter the payment module;

Fourth, click on pay in the payment module to complete the certification applications;

Fifth, the platform will contact you within 5 working days to complete the certification verification.

Sixth, complete and output the certification result.

4.1 Required Information

Corporate / Organization

Business Registration Certificate, tax ID, Memorandum and Agenda;

Recent three years audit report of institution (or annual financial report), and monthly financial report of the last six months; bank account statements of the recent 6 months;

Balance Sheet of the Institution;

Institutions and individuals (person in charge, legal representative and general manager) information sheet.

Personal Information

Personal identification certificate (ID card or other valid documents);

Personal balance sheets;

Personal information sheet;

Recent 6 months personal bank account statement;

Information about owning IP or IP product.

5. Submit intellectual property project

Hong Kong Intellectual Property Exchange trading platform currently allows users to submit: intellectual property flea market and financing product, while the release of UIPR requires direct contact with the platform, operation procedures are as follows:

First, log in Hong Kong Intellectual Property Exchange;

Second, enter “Intellectual Property Flea Market” or “Financing Module”;

Third, click "Publish Project button";

Fourth, fill in the project information;

Fifth, click "Submit" to complete the project submission.

6. Application for Project Certification

Project Certification is a comprehensive assessment of the Hong Kong Intellectual Property Exchange on projects in order to ensure the authenticity and effectiveness of the project conducted, projects posted on Hong Kong Intellectual Property Exchange must be certified by the appropriate project certification before they can be listed, operation procedures are as follows:

First, log on Hong Kong Intellectual Property Exchange and enter “Member Center”;

Second, enter “My publish”, enter my published projects, choose project not certified;

Third, click “apply for certification” to enter the certification application;

Fourth, fill in project certification information, click “Submit” to enter the payment module;

Fifth, click payment module and pay to complete the certification application;

Sixth, the platform will contact you within 5 working days to complete the certification verification.

Seventh, complete and output the certification result.

6.1 Required Information

1. basic information, depending on the project and select the appropriate accessories. Take financing projects as an example, need to provide corporate business registration certificate, attorney letter, a copy of the identity documents of the holders etc.; (for details see Annex)

2. financial information, take financing projects as an example, need to provide recent annual audit report, financial statements on valuation reference date, annual financial statements, etc.; (for details see Annex)

3. other information, depending on the project and download the appropriate attachment, provide the appropriate information; (for details see the patent product data, trademarks data and other data)

4. project revenue and expenditure schedules; (for details see Annex)

5. how does the project certification fee charged?

Project certification fee is based on the cost of the project certification process, for details see “professional certification fee”.

7. Platform publishes the intellectual property project

After the project successfully certified, the platform will officially publish the project in the transaction list, and recommends inside and outside the platform for high quality projects.

Application for Qualification Certification

Submit intellectual property project

Application for Project Certification

Platform publishes the intellectual property project

Buyer Operating Procedures

1.Apply to become HKIPX Registered Users :

For the convenience of users, the registration process on the platform is similar to registration in general websites, the procedures are as follows:

First, connect to Hong Kong Intellectual Property Exchange website (http://www.hkipx.com);

Second, click login at the top to enter registration page;

Third, fill in basic information after entering registration page;

Basic information includes: user types (individual, institutional user), account number (phone number or email, currently only email registration), user name, password, check read and agree to “HKIPX User Service Agreement”;

Fourth, click next step to verify verification code;

Mobile Verification: System will send you one string of random code to your phone, you have to fill in the verification code box with the received code within one minute and click confirm to complete the verification. If you do not receive the verification code, you can click “resend verification code” to reacquire the verification code, or click “change phone number” to fill in a new phone number.

E-mail Verification: System will send you one string of random code to your email, you have to fill in the verification code box with the received code within one minute and click confirm to complete the verification. If you do not receive the verification code, you can click “resend verification code” to reacquire the verification code, or click “change email” to fill in a new email.

Fifth, verification is successful.

After successful verification, you will get a Hong Kong Intellectual Property Exchange login account. Then you can start your intellectual property transaction journey through real-name authentication and investment treasure activation.

2.Apply real-name authentication:

With the real-name authentication function in member center, you can complete the real-name authentication. Only users with real-name authentication can conduct trading, specific operational procedures are as follows:

First, click into the Member Center;

Second, click on the real-name authentication icon to go into the real-name authentication page;

Third, submit real-name authentication information; (specific information see below)

Fourth, verification is successful, real-name authentication completed.

2.1 Required information

Personal Information:

Real name: please fill in your name the same as that on valid document;

Valid document: valid documents include: identity card, passport, military ID, etc.

ID Number: Please enter the number of documents, such as identity card number.

Front and Back of document: upload scanned copies of document;

Photo of individual and document: photo taken with individual holding valid ID document, requiring photo must clearly show the documents and real personal face, no cap or face covered is allowed.

Personal Signature: Scan and upload your original signature.

Contact: Fill in the mobile number, e-mail and other contact information, we will verify the authenticity of the information you submitted with you via phone.

Institutional information:

Corporate Name: name of corporate on the business license

Organization code: business or organization code

Business license: scanned copy of business license

Legal representative: name of corporate legal representative

Organizational Code Certificate: scanned copy of organizational code certificate

Organization seal: scanned copy of organization seal

Contact: Fill in the correct contact person, mobile number, telephone number, fax number, email, address, we will verify the authenticity of the information you submitted with you via phone.

3. Activation of Investment Treasure Account

Investment Treasure is the virtual currency account in Hong Kong Intellectual Property Exchange trading platform, before activating the investment treasure account, you must first pass real-name authentication, steps are as follows:

First, log in Hong Kong Intellectual Property Exchange (http://www.hkipx.com); Second, enter Member Center;

Second, enter Member Center;

Third, click [activate] on “Account Statistics” module, enter “Link Bank Card" page (information needed: Bank name, Branch name, account name, card number) Note: Bank account is used to withdraw cash, it cannot be modified after binding, please fill in seriously.

Fourth, fill in investment password, investment password is used when you pay, please do not set up simple password or the same as login password.

Fifth, click on "Next Step" to enter transfer verification phase, the system will transfer one dollar or below to your account, please review account information within 2 working days and fill in the correct amount of transfer, if you do not receive any transfer, please contact platform customer service.

Sixth, after filled in correct information, click "Submit" to complete the investment treasure activation.

4. Purchase Products

Platform provides “Intellectual Property Flea Market” (Single Price, Auction, Bargaining, and Licensing), “Intellectual Property Financing Platform” and “UIPR Trading Engine” for investors; you can choose to enter the appropriate area to conduct corresponding transaction.

Introduction to Transaction Method

1. Single Price

After the seller has chosen single price as transaction method, and set his desired price, anyone willing to accept the price can purchase the product or interest immediately. Under the supervision of the platform, buyer transfers the full amount payment into the corresponding platform regulatory account; the platform notifies the seller payment has been received and urges the seller for the relevant transfer procedures. After the transfer procedures completed, the buyer notifies platform about the completion and satisfaction of the transfer procedures, and notifies the platform to release payment to the seller; which brings the end of the transaction. If the buyer is not satisfied about the transfer procedure, he can request a refund; the platform determines the liability of breaching party in 7 working days. If the seller defaults, the platform will fully refund to the buyer account in 14 working days. If the buyer defaults, and the seller insists on completion of the transaction, the platform will transfer the payment after deducting related fees to the seller account.

Trading Rule

Seller submits project information and applies for project certification through the platform, the platform performs offline project certification, and contacts the seller and signs cooperation agreement , the project is officially published on the platform, buyer and seller sign transaction agreement to complete the transaction through the platform at the selling time or within 7 working days after sale.

Trading project publishing procedure (seller)

First, log in Hong Kong Intellectual Property Exchange;

Second, enter “Intellectual Property Flea Market” to enter intellectual property trading module;

Third, click "Publish Project" to enter publishing page;

Fourth, fill in basic information (select single price in transaction method form), project description, project owner information;

Fifth, click "Submit" to complete the project submission.

Here, you basically have completed the project submission; where there is one stop more to publish the project. In order to maintain the quality of projects published on the platform, your project needs to be certified before trading on the platform, and you can enter Member Center "My publish" module to submit project certification information;

Sixth, after project certification, the project is published and ready for trading.

Transaction process (buyer)

First, log in Hong Kong Intellectual Property Exchange;

Second, enter “Intellectual Property Flea Market” to access trading project list;

Third, select your favorite items to trade;

Fourth, select the purchase amount and complete the payment;

Fifth, after the online purchase is completed, we will contact you at the end of selling time or after the sale, after signing the agreement offline, transaction is completed.

Platform Charges

After each transaction, platform charges 10% of the transaction amount as transaction fee from the seller.%手續費。

Trading and Clearing Currency

Hong Kong Dollar

2. Auction

After the seller has chosen auction as transaction method, and set the minimum auction price ($1000), within a fixed period (one week, one month or longer), the highest bidder wins the project or interest.

Trading Rule

Seller submits project information and applies for project certification through the platform, the platform performs offline project certification, and contacts the seller and signs cooperation agreement , the project is officially published on the platform, buyer and seller sign transaction agreement to complete the transaction through the platform after 7 seven working days of the close of auction.

Auction project publishing procedure (seller)

First, log in Hong Kong Intellectual Property Exchange;

Second, enter “Intellectual Property Flea Market” to enter intellectual property trading module;

Third, click "Publish Project" to enter publishing page;

Fourth, fill in basic information (select auction in transaction method form), project description, project owner information;

Fifth, click "Submit" to complete the project submission.

Here, you basically have completed the project submission; where there is one stop more to publish the project. In order to maintain the quality of projects published on the platform, your project needs to be certified before trading on the platform, and you can enter Member Center "My publish" module to submit project certification information;

Sixth, after project certification, the project is published and ready for trading.

Auction process (buyer)

Effective members of platform can participate in the auction of the project, project auction uses the highest bidder within the effective period wins the project method, operational auction procedures are as follows:

First, log in Hong Kong Intellectual Property Exchange;

Second, enter “Intellectual Property Flea Market” to access trading project list;

Third, select auction projects to bid; (please understand Hong Kong Intellectual Property trading rules and some certification report before offering bid)

Fourth, offering bid, offers the highest bid before the auction closing time. (The platform will freeze the corresponding amount in investment treasure at each bid, please fund in before offering bid)

Fifth, for those not the highest bidder, the corresponding amount will be released in investment treasure. For the highest bidder, after the transaction is completed, platform deducts related fees, and contacts you to sign the agreement offline to complete transaction.

Platform Charges

After each transaction, platform charges 10% of the transaction amount as transaction fee from the seller.%手續費。

Trading and Clearing Currency

Hong Kong Dollar

3. Bargaining

Bargaining is suitable when seller is not clear about the transaction amount or transaction method, seller can provide information about project cooperation on the platform, if buyer is interested, he can apply and allow platform to intervene in order to facilitate the transaction. Seller will negotiate the intellectual property content, transaction amount and conditions etc. with interested parties, and then make a transaction decision. Platform will help buyers and sellers to negotiate in order to complete the transaction. Platform acts as an intermediary to match seller and buyer to complete the transaction.

Trading Rule

Seller submits project information and applies for project certification through the platform; the platform performs offline project certification, and contacts the seller and signs cooperation agreement. The project is officially published on the platform in bargaining method, for any assistance request from seller during the sale; platform will get in touch with buyer within 2 working days, and help to deal with the seller, in order to facilitate the transaction.

Bargaining project publishing procedure (seller)

First, log in Hong Kong Intellectual Property Exchange;

Second, enter “Intellectual Property Flea Market” to enter intellectual property trading module;

Third, click "Publish Project" to enter publishing page;

Fourth, fill in basic information (select bargaining in transaction method form), project description, project owner information;

Fifth, click "Submit" to complete the project submission.

Here, you basically have completed the project submission; where there is one stop more to publish the project. In order to maintain the quality of projects published on the platform, your project needs to be certified before trading on the platform, and you can enter Member Center "My publish" module to submit project certification information;

Sixth, after project certification, the project is published and ready for trading.

Auction process (buyer)

First, log in Hong Kong Intellectual Property Exchange;

Second, enter “Intellectual Property Flea Market” to access trading project list;

Third, select desired projects to apply assistance, and submit assistance request;

Fourth, platform receives your assistance request, and contacts you within 2 working days;

Fifth, platform facilitates the seller and you to complete transaction agreement, and contacts you to sign the agreement offline to complete transaction.

Platform Charges

After each transaction, platform charges 20% of the transaction amount as transaction fee from the seller.%手續費。

Trading and Clearing Currency

Hong Kong Dollar

4. Licensing

For seller who is not willing to give up the ownership of intellectual property (i.e. licensor), you can choose licensing method. Licensor can set his own fee schedule according to geographic region, industry, number of use, time period etc.. Anyone who is willing to accept the conditions from the licensor, he can pay the related fee and get the right to use the intellectual property. Buyer (i.e. Licensee), under the supervision of the platform, transfers the corresponding full amount payment into the platform regulatory account, platform notifies the seller payment has been received and urges the seller for the relevant licensing procedures. After the licensing procedures completed, the seller notifies platform, and platform confirms with the buyer about the completion and satisfaction of the licensing procedure. Platform will transfer the payment after deducting related fees to the seller account, which brings the end of the licensing.

Trading Rule

Seller submits project information and applies for project certification through the platform; the platform performs offline project certification, and contacts the seller and signs cooperation agreement. The project is officially published on the platform in licensing method, during the publishing period, multiple buyers can simultaneously apply for licensing.

Licensing project publishing procedure (seller)

First, log in Hong Kong Intellectual Property Exchange;

Second, enter “Intellectual Property Flea Market” to enter intellectual property trading module;

Third, click "Publish Project" to enter publishing page;

Fourth, fill in basic information (select licensing in transaction method form), project description, project owner information;

Fifth, click "Submit" to complete the project submission.

Here, you basically have completed the project submission; where there is one stop more to publish the project. In order to maintain the quality of projects published on the platform, your project needs to be certified before trading on the platform, and you can enter Member Center "My publish" module to submit project certification information;

Sixth, after project certification, the project is published and ready for trading.

Licensing process (buyer)

First, log in Hong Kong Intellectual Property Exchange;

Second, enter “Intellectual Property Flea Market” to access trading project list;

Third, select desired licensing projects, and submit applying request;

Fourth, platform automatically handles the application after receiving your applying request;

Fifth, after signing the online licensing agreement, the corresponding amount will be transferred into platform designated account, and transaction is completed.

Platform Charges

After each transaction, platform charges 20% of the transaction amount as transaction fee from the seller.

Trading and Clearing Currency

Hong Kong Dollar