Common use of Welcome to PayPal! Clause in Contracts

Welcome to PayPal!. This user agreement is a contract between you and PayPal Hong Kong Limited, a company registered under the laws of Hong Kong SAR China, and governing your use of your PayPal account and the PayPal services. If you are an individual, you must be a resident of Hong Kong SAR China and at least 18 years old, to open a PayPal account and use the PayPal services. If you are a business, the business must be organised and operating in Hong Kong SAR China, to open a PayPal account and use the PayPal services. By opening and using a PayPal account, you agree to comply with all of the terms and conditions in this user agreement. You also agree to comply with the following additional policies and each of the other agreements on the Legal Agreements page that apply to you, including: • Acceptable Use Policy Please read carefully all of the terms and conditions of this user agreement, the terms of these policies and each of the other agreements that apply to you. We may amend this user agreement and any of the policies listed above from time to time. The revised version will be effective at the time we post it on our website, unless otherwise noted. If our changes reduce your rights or increase your responsibilities we will post a notice on the Policy Updates page of our website and provide you with at least 14 days notice. All future changes set out in the Policy Updates page already published on the Legal Agreements page at the time you register for the PayPal services are incorporated by reference into this user agreement and will take effect as specified in the Policy Update. By continuing to use our services after any changes to this user agreement or any of the other applicable terms, agreements, or policies listed above, you agree to abide and be bound by those changes. If you do not agree to the revised terms and conditions, you must stop using the PayPal services, close your account and terminate your relationship with us. This user agreement will continue to apply to your previous use of our services. PayPal is not an authorised institution (licensed bank, restricted licence bank, or deposit- taking company) for the purpose of Banking Ordinance (Cap. 155) and the PayPal services are stored value facility and payment processing services rather than banking services. PayPal Hong Kong Limited is a licensed issuer of a stored value facility regulated by the Hong Kong Monetary Authority under Licence Number: SVF0008. Consumer advisory - please note that stored value facility balances are not protected by the Hong Kong Deposit Protection Scheme. Consumers (users) in Hong Kong SAR China, are advised to read these terms and conditions carefully. This user agreement is not a solicitation of the PayPal services and PayPal is not targeting any country/region or market through this user agreement. We offer two types of accounts: PayPal personal accounts (or “personal accounts”) and PayPal business accounts (or “business accounts”), both covered by this user agreement. All PayPal accounts let you do things like: • Send and receive money. • Buy things online, using mobile devices or in stores. • Make payments using your credit card, debit card, balance in your PayPal account, or other payment methods. • Accept credit card, debit card, balance in your PayPal account, or other payment methods from others. You are responsible for maintaining adequate security and control of any and all IDs, passwords, personal identification numbers, or any other codes that you use to access your PayPal account and the PayPal services. In order to open and maintain a PayPal account, you must provide us with correct and updated account information, including but not limited to personal information, financial information, or other information related to you or your business. You must keep your mailing address, email address and other contact information current in your PayPal account profile. If you primarily make purchases or send personal transactions to family and friends, a personal account is probably right for you. With a personal account you can do things like: • Buy goods and services. • Send personal transactions to and request personal transactions from friends and family. You can also use a personal account to receive money for the sale of goods and services, but if you plan to use your personal account primarily to sell things, you should open a business account. You can also convert your personal account to a business account should circumstances change. We recommend business account for people and organizations that primarily use PayPal to sell goods or services, even if your business is not incorporated. With a business account, you can do things like: • Use a company or business name as the name on your business account. • Allow employees access to some of the features of your business account. • Sign up for PayPal products that meet your business needs. Business accounts may be subject to fees that differ from the fees applicable to personal accounts. Business accounts are not eligible to receive “personal transactions”, although they may send personal transactions to friends and family with an eligible PayPal account. If the activity through any type of PayPal you hold account reaches certain thresholds or involves certain business segments or activities, you are required to agree to Commercial Entity Agreement to allow you to continue accepting Visa and MasterCard payments. In this case, the Commercial Entity Agreement will apply to any payment processed by PayPal on your behalf and will form part of this user agreement. You may close your account and terminate your relationship with us at any time without cost or penalty, but you will remain liable for all obligations related to your PayPal account even after the PayPal account is closed. When you close your PayPal account, we will cancel any scheduled or incomplete transactions. You must withdraw or transfer any balance from your PayPal account before closing it. In certain cases, you may not close your PayPal account, including: • To evade an investigation. • If you have a pending transaction or an open dispute or claim. • If your PayPal account has a negative balance. • If your PayPal account is subject to a hold, limitation or reserve. You can link or unlink a credit card, debit card or a bank account to your PayPal account as a payment method. Pre-paid cards cannot be used as a payment method, unless otherwise notified by PayPal. Please keep your payment method information current (i.e. credit card number and expiration date). If this information changes, we may update it using information and third party sources available to us without any action on your part. If you do not want us to update your card information, you may remove your payment method from your PayPal account. If we update your payment method, we will keep any preference setting attached to such payment method. You may choose to confirm your card, so that we can verify that the card is valid and that you are the card owner. Pre-paid cards may not be used to fund a transaction in Hong Kong SAR China unless otherwise notified by PayPal. If you hold a balance in your PayPal account, PayPal will hold your funds in its stored value facility. PayPal combines your balance with the balances of other users and invests those funds in liquid investments. These pooled amounts are held separate from PayPal’s corporate funds, and PayPal will neither use these funds for its operating expenses or any other corporate purposes nor will it voluntarily make these funds available to its creditors in the event of bankruptcy. You will not receive interest or other earnings on the amounts in your balance. You agree PayPal shall own the interest or other earnings on these investments. You agree to assign any rights to any interest derived from your funds to PayPal.

Welcome to PayPal!. PayPal services in Japan are provided by a Singapore company, PayPal Pte. Ltd. which is registered with the Financial Services Agency of Japan. You can learn more about our registrations with the Financial Services Agency and how we operate our Japan business in PayPal’s Business in Japan. This user agreement is a contract between you and PayPal Hong Kong Limited, a company registered under the laws of Hong Kong SAR China, and governing governs your use of your PayPal account and the PayPal servicesservices in Japan. If you are an individual, you must be a resident of Hong Kong SAR China Japan and at least 18 years old, old to open a PayPal account and use the PayPal services. If you are a businessbusiness or sole proprietor, the such business or sole proprietor must be organised and organized in, operating in Hong Kong SAR Chinain, or a resident of, Japan to open a Japan PayPal account and use the PayPal services. By opening and using a PayPal account, you agree to comply with all of the terms and conditions in this user agreement. You also agree to comply with the following additional documents, policies and each of the other agreements on the Legal Agreements page that apply to you, including: • Fees page • Acceptable Use Policy • Collection, Retention and Use of Data by Sellers Please read carefully all of the terms and conditions of this user agreement, the terms of these policies and each of the other agreements that apply to you. We may amend this user agreement and agreement, any of the policies listed above and any other agreements on the Legal Agreements page from time to time. The revised version will be effective at the time we post it on our websiteit, unless otherwise noted. If our changes reduce your rights or increase your responsibilities we will post a notice on the Policy Updates page of our website and provide notice to you with of at least 14 days noticedays. All future changes set out in the Policy Updates page already published on the Legal Agreements page at the time you register for the PayPal services are incorporated by reference into this user agreement and will take effect as specified in the Policy Update. By continuing to use our services after any changes to this user agreement or any of the other applicable terms, agreements, or policies listed above, you agree to abide and be bound by those changes. If you do not agree to the revised terms and conditions, you must stop using the PayPal services, close your account and terminate your relationship with usus without cost or penalty. This user agreement will continue to apply to your previous use of our services. PayPal is not an authorised institution (licensed banka payment services provider and acts as such by creating, restricted licence bankhosting, or deposit- taking company) for the purpose of Banking Ordinance (Cap. 155) maintaining and the providing our PayPal services are stored value facility and payment processing services rather than banking servicesto you via the internet. PayPal Hong Kong Limited is a licensed issuer of a stored value facility regulated by the Hong Kong Monetary Authority under Licence Number: SVF0008You can learn more about our business in PayPal’s Business in Japan. Consumer advisory - please note that stored value facility balances are not protected by the Hong Kong Deposit Protection Scheme. Consumers (users) in Hong Kong SAR ChinaIn Japan, are advised to read these terms and conditions carefully. This user agreement is not a solicitation of the PayPal services and PayPal is not targeting any country/region or market through this user agreement. We we offer two three types of accounts: PayPal personal accounts (or “, personal accounts”) , premier accounts and PayPal business accounts (or “business accounts”), both covered by this user agreement. All PayPal accounts let you do things like: • Send and receive money. • Buy things online, using mobile devices or in stores. • Make payments using your credit card, debit card, balance in your PayPal account, or other payment methods. • Accept credit card, debit card, balance in your PayPal account, or other payment methods from others. You are responsible for maintaining adequate security and control of any and all IDs, passwords, personal identification numbers, or any other codes that you use to access your PayPal account and the PayPal services. In order to open and maintain a PayPal account, you must provide us with correct and updated account information, including but not limited to personal information, financial information, or other information related to you or your business. You must keep your mailing address, email address and other contact information current in your PayPal account profile. If you are an individual and are using the account primarily to make purchases or send personal transactions to family and friendspurchases, a personal account is probably right for you. With a personal account you can do things like: • Buy use credit and debit cards to buy goods and services. • Send personal transactions to and request personal transactions from friends and familyservices online, using mobile devices or in stores. You can also use PayPal balance as a personal payment method. Personal accounts in Japan are offered as prepaid payment accounts and PayPal balance cannot be withdrawn into a bank account. You can learn more about prepaid payment account to receive money for the sale of goods and services, but if requirements in PayPal’s Business in Japan. If you plan to use your personal PayPal account primarily to sell things, send and request money from friends and family or to use a bank account as a payment method, you should open consider a business premier account. You can also convert your PayPal account from a personal account to a premier account by linking a bank account or completing required procedures. Please refer to the Know Your Customer section for more information on the required procedures. Premier and business account should circumstances change. We recommend business account accounts are for people individuals and organizations that primarily use PayPal to sell goods or services, and send to and request money from other PayPal accounts. Premier and business accounts can be opened even if your business is not incorporated. With a business account, you can do things like: • Use bank accounts as a payment method. • Use a company or business name as the name on your business PayPal account. • Allow employees access to some of the features of your business PayPal account. • Sign up for PayPal products that meet your business needs. Business Premier and business accounts may be subject to fees that differ from the fees applicable to personal accounts. Please refer to PayPal’s Business in Japan section for more information on terms relating to PayPal accounts are not eligible to receive “personal transactions”, although they may send personal transactions to friends and family with an eligible PayPal account. If the activity through any type of PayPal you hold account reaches certain thresholds or involves certain business segments or activities, you are required to agree to Commercial Entity Agreement to allow you to continue accepting Visa and MasterCard payments. In this case, the Commercial Entity Agreement will apply to any payment processed by PayPal on your behalf and will form part of this user agreementin Japan. You may close your account and terminate your relationship with us at any time without cost or penaltyaccount, but you will remain liable for all obligations related to your PayPal account even after the PayPal account is closed. When you close your PayPal account, we will cancel any scheduled or incomplete transactions. You must withdraw or transfer any PayPal balance from your PayPal account before closing it. In certain cases, you may not close your PayPal account, including: • To evade an investigation. • If you have a pending transaction or an open dispute or claim. • If your PayPal account has a negative balance. • If your PayPal account is subject to a hold, limitation or reserve. You can link or unlink a credit card, debit card or a bank account to your PayPal account as a payment method. Pre-paid cards cannot be used as a payment method, unless otherwise notified by PayPal. Please keep your payment method information current (i.e. credit card number and expiration date). If this information changes, we may update it using information and third party sources available to us without any action on your part. If you do not want us to update your card information, you may remove your payment method from your PayPal account. If we update your payment method, we will keep any preference setting attached to such payment method. You may choose to confirm your card, so that we can verify that the card is valid and that you are the card owner. Pre-paid cards may not be used to fund a transaction in Hong Kong SAR China unless otherwise notified by PayPal. If you hold a balance in your PayPal account, PayPal will hold your funds in its stored value facility. PayPal combines your balance with the balances of other users and invests those funds in liquid investments. These pooled amounts are held separate from PayPal’s corporate funds, and PayPal will neither use these funds for its operating expenses or any other corporate purposes nor will it voluntarily make these funds available to its creditors in the event of bankruptcy. You will not receive interest or other earnings on the amounts in your balance. You agree PayPal shall own the interest or other earnings on these investments. You agree to assign any rights to any interest derived from your funds to PayPal.

Welcome to PayPal!. This user agreement is a contract between you and PayPal Hong Kong Limited, a company registered under the laws of Hong Kong SAR China, and governing your use of your PayPal account and the PayPal services. If you are an individual, you must be a resident of Hong Kong SAR China and at least 18 years old, to open a PayPal account and use the PayPal services. If you are a business, the business must be organised and operating in Hong Kong SAR China, to open a PayPal account and use the PayPal services. By opening and using a PayPal account, you agree to comply with all of the terms and conditions in this user agreement. You also agree to comply with the following additional policies and each of the other agreements on the Legal Agreements page that apply to you, including: • Acceptable Use Policy Please read carefully all of the terms and conditions of this user agreement, the terms of these policies and each of the other agreements that apply to you. We may amend this user agreement and any of the policies listed above from time to time. The revised version will be effective at the time we post it on our website, unless otherwise noted. If our changes reduce your rights or increase your responsibilities we will post a notice on the Policy Updates page of our website and provide you with at least 14 days notice. All future changes set out in the Policy Updates page already published on the Legal Agreements page at the time you register for the PayPal services are incorporated by reference into this user agreement and will take effect as specified in the Policy Update. By continuing to use our services after any changes to this user agreement or any of the other applicable terms, agreements, or policies listed above, you agree to abide and be bound by those changes. If you do not agree to the revised terms and conditions, you must stop using the PayPal services, close your account and terminate your relationship with us. This user agreement will continue to apply to your previous use of our services. PayPal is not an authorised institution (licensed bank, restricted licence bank, or deposit- taking company) for the purpose of Banking Ordinance (Cap. 155) and the PayPal services are stored value facility and payment processing services rather than banking services. PayPal Hong Kong Limited is a licensed issuer of a stored value facility regulated by the Hong Kong Monetary Authority under Licence Number: SVF0008. Consumer advisory - please note that stored value facility balances are not protected by the Hong Kong Deposit Protection Scheme. Consumers (users) in Hong Kong SAR China, are advised to read these terms and conditions carefully. This user agreement is not a solicitation of the PayPal services and PayPal is not targeting any country/region or market through this user agreement. We offer two types of accounts: PayPal personal accounts (or “personal accounts”) and PayPal business accounts (or “business accounts”), both covered by this user agreement. All PayPal accounts let you do things like: • Send and receive money. • Buy things online, using mobile devices or in stores. • Make payments using your credit card, debit card, balance in your PayPal account, or other payment methods. • Accept credit card, debit card, balance in your PayPal account, or other payment methods from others. You are responsible for maintaining adequate security and control of any and all IDs, passwords, personal identification numbers, or any other codes that you use to access your PayPal account and the PayPal services. In order to open and maintain a PayPal account, you must provide us with correct and updated account information, including but not limited to personal information, financial information, or other information related to you or your business. You must keep your mailing address, email address and other contact information current in your PayPal account profile. If you primarily make purchases or send personal transactions to family and friends, a personal account is probably right for you. With a personal account you can do things like: • Buy goods and services. • Send personal transactions to and request personal transactions from friends and family. You can also use a personal account to receive money for the sale of goods and services, but if you plan to use your personal account primarily to sell things, you should open a business account. You can also convert your personal account to a business account should circumstances change. We recommend business account for people and organizations that primarily use PayPal to sell goods or services, even if your business is not incorporated. With a business account, you can do things like: • Use a company or business name as the name on your business account. • Allow employees access to some of the features of your business account. • Sign up for PayPal products that meet your business needs. Business accounts may be subject to fees that differ from the fees applicable to personal accounts. Business accounts are not eligible to receive “personal transactions”, although they may send personal transactions to friends and family with an eligible PayPal account. If the activity through any type of PayPal you hold account reaches certain thresholds or involves certain business segments or activities, you are required to agree to Commercial Entity Agreement to allow you to continue accepting Visa and MasterCard payments. In this case, the Commercial Entity Agreement will apply to any payment processed by PayPal on your behalf and will form part of this user agreement. You may close your account and terminate your relationship with us at any time without cost or penalty, but you will remain liable for all obligations related to your PayPal account even after the PayPal account is closed. When you close your PayPal account, we will cancel any scheduled or incomplete transactions. You must withdraw or transfer any balance from your PayPal account before closing it. In certain cases, you may not close your PayPal account, including: • To evade an investigation. • If you have a pending transaction or an open dispute or claim. • If your PayPal account has a negative balance. • If your PayPal account is subject to a hold, limitation or reserve. You can link or unlink a credit card, debit card or a bank account to your PayPal account as a payment method. Pre-paid cards cannot be used as a payment method, unless otherwise notified by PayPal. Please keep your payment method information current (i.e. credit card number and expiration date). If this information changes, we may update it using information and third party sources available to us without any action on your part. If you do not want us to update your card information, you may remove your payment method from your PayPal account. If we update your payment method, we will keep any preference setting attached to such payment method. You may choose to confirm your card, so that we can verify that the card is valid and that you are the card owner. Pre-paid cards may not be used to fund a transaction in Hong Kong SAR China unless otherwise notified by PayPal. If you hold a balance in your PayPal account, PayPal will hold your funds in its stored value facility. PayPal combines your balance with the balances of other users and invests those funds in liquid investments. These pooled amounts are held separate from PayPal’s corporate funds, and PayPal will neither use these funds for its operating expenses or any other corporate purposes nor will it voluntarily make these funds available to its creditors in the event of bankruptcy. You will not receive interest or other earnings on the amounts in your balance. You agree PayPal shall own the interest or other earnings on these investments. You agree to assign any rights to any interest derived from your funds to PayPal.banking

Welcome to PayPal!. PayPal services in Japan are provided by a Singapore company, PayPal Pte. Ltd. which is registered with the Financial Services Agency of Japan. You can learn more about our registrations with the Financial Services Agency and how we operate our Japan business in PayPal’s Business in Japan. This user agreement is a contract between you and PayPal Hong Kong Limited, a company registered under the laws of Hong Kong SAR China, and governing governs your use of your PayPal account and the PayPal servicesservices in Japan. If you are an individual, you must be a resident of Hong Kong SAR China Japan and at least 18 years old, old to open a PayPal account and use the PayPal services. If you are a businessbusiness or sole proprietor, the such business or sole proprietor must be organised and organized in, operating in Hong Kong SAR Chinain, or a resident of, Japan to open a Japan PayPal account and use the PayPal services. By opening and using a PayPal account, you agree to comply with all of the terms and conditions in this user agreement. You also agree to comply with the following additional documents, policies and each of the other agreements on the Legal Agreements page that apply to you, including: • Fees page • Acceptable Use Policy • Collection, Retention and Use of Data by Sellers Please read carefully all of the terms and conditions of this user agreement, the terms of these policies and each of the other agreements that apply to you. We may amend this user agreement and agreement, any of the policies listed above and any other agreements on the Legal Agreements page from time to time. The revised version will be effective at the time we post it on our websiteit, unless otherwise noted. If our changes reduce your rights or increase your responsibilities we will post a notice on the Policy Updates page of our website and provide notice to you with of at least 14 days noticedays. All future changes set out in the Policy Updates page already published on the Legal Agreements page at the time you register for the PayPal services are incorporated by reference into this user agreement and will take effect as specified in the Policy Update. By continuing to use our services after any changes to this user agreement or any of the other applicable terms, agreements, or policies listed above, you agree to abide and be bound by those changes. If you do not agree to the revised terms and conditions, you must stop using the PayPal services, close your account and terminate your relationship with usus without cost or penalty. This user agreement will continue to apply to your previous use of our services. PayPal is not an authorised institution (licensed banka payment services provider and acts as such by creating, restricted licence bankhosting, or deposit- taking company) for the purpose of Banking Ordinance (Cap. 155) maintaining and the providing our PayPal services are stored value facility and payment processing services rather than banking servicesto you via the internet. PayPal Hong Kong Limited is a licensed issuer of a stored value facility regulated by the Hong Kong Monetary Authority under Licence Number: SVF0008You can learn more about our business in PayPal’s Business in Japan. Consumer advisory - please note that stored value facility balances are not protected by the Hong Kong Deposit Protection Scheme. Consumers (users) in Hong Kong SAR ChinaIn Japan, are advised to read these terms and conditions carefully. This user agreement is not a solicitation of the PayPal services and PayPal is not targeting any country/region or market through this user agreement. We we offer two three types of accounts: PayPal personal accounts (or “, personal accounts”) , premier accounts and PayPal business accounts (or “business accounts”), both covered by this user agreement. All PayPal accounts let you do things like: • Send and receive money. • Buy things online, using mobile devices or in stores. • Make payments using your credit card, debit card, balance in your PayPal account, or other payment methods. • Accept credit card, debit card, balance in your PayPal account, or other payment methods from others. You are responsible for maintaining adequate security and control of any and all IDs, passwords, personal identification numbers, or any other codes that you use to access your PayPal account and the PayPal services. In order to open and maintain a PayPal account, you must provide us with correct and updated account information, including but not limited to personal information, financial information, or other information related to you or your business. You must keep your mailing address, email address and other contact information current in your PayPal account profile. If you are an individual and are using the account primarily to make purchases or send personal transactions to family and friendspurchases, a personal account is probably right for you. With a personal account you can do things like: • Buy use credit and debit cards to buy goods and servicesservices online, using mobile devices or in stores. • Send You can also use the balance in your personal account as a payment method. Personal accounts in Japan are offered as prepaid payment accounts and the balance in your personal account cannot be withdrawn into a bank account. You can learn more about prepaid payment account requirements in PayPal’s Business in Japan. If you plan to use your PayPal account to sell things, send personal transactions to and request personal transactions from friends and familyfamily or to use a bank account as a payment method, you should consider a premier account. You can also use convert your PayPal account from a personal account to receive money a premier account by linking a bank account or completing required procedures. Please refer to the Know Your Customer section for more information on the sale of goods required procedures. Premier and services, but if you plan to use your personal account primarily to sell things, you should open a business account. You can also convert your personal account to a business account should circumstances change. We recommend business account accounts are for people individuals and organizations that primarily use PayPal to sell goods or services, . Premier and business accounts can be opened even if your business is not incorporated. With a business account, you can do things like: • Use bank accounts as a payment method. • Use a company or business name as the name on your business account. • Allow employees access to some of the features of your business account. • Sign up for PayPal products that meet your business needs. Business Premier and business accounts may be subject to fees that differ from the fees applicable to personal accounts. Business accounts are not eligible to receive “personal transactions”, ,” although they may send personal transactions to friends and family with an eligible family. Premier accounts may send and receive personal transactions to and from friends and family. Please refer to PayPal’s Business in Japan section for more information on terms relating to PayPal account. If the activity through any type of PayPal you hold account reaches certain thresholds or involves certain business segments or activities, you are required to agree to Commercial Entity Agreement to allow you to continue accepting Visa and MasterCard payments. In this case, the Commercial Entity Agreement will apply to any payment processed by PayPal on your behalf and will form part of this user agreementaccounts in Japan. You may close your account and terminate your relationship with us at any time without cost or penaltyaccount, but you will remain liable for all obligations related to your PayPal account even after the PayPal account is closed. When you close your PayPal account, we will cancel any scheduled or incomplete transactions. You must withdraw or transfer any balance from your PayPal account before closing it. In certain cases, you may not close your PayPal account, including: • To evade an investigation. • If you have a pending transaction or an open dispute or claim. • If your PayPal account has a negative balance. • If your PayPal account is subject to a hold, limitation or reserve. You can link or unlink a credit card, debit card or a bank account to your PayPal account as a payment method. Pre-paid cards cannot be used as a payment method, unless otherwise notified by PayPal. Please keep your payment method information current (i.e. credit card number and expiration date). If this information changes, we may update it using information and third party sources available to us without any action on your part. If you do not want us to update your card information, you may remove your payment method from your PayPal account. If we update your payment method, we will keep any preference setting attached to such payment method. You may choose to confirm your card, so that we can verify that the card is valid and that you are the card owner. Pre-paid cards may not be used to fund a transaction in Hong Kong SAR China unless otherwise notified by PayPal. If you hold a balance in your PayPal account, PayPal will hold your funds in its stored value facility. PayPal combines your balance with the balances of other users and invests those funds in liquid investments. These pooled amounts are held separate from PayPal’s corporate funds, and PayPal will neither use these funds for its operating expenses or any other corporate purposes nor will it voluntarily make these funds available to its creditors in the event of bankruptcy. You will not receive interest or other earnings on the amounts in your balance. You agree PayPal shall own the interest or other earnings on these investments. You agree to assign any rights to any interest derived from your funds to PayPal.

Welcome to PayPal!. This user agreement is a contract between you and PayPal Hong Kong Limited, a company registered under the laws of Hong Kong SAR China, and governing your use of your PayPal account and the PayPal services. If you are an individual, you must be a resident of Hong Kong SAR China and at least 18 years old, to open a PayPal account and use the PayPal services. If you are a business, the business must be organised and operating in Hong Kong SAR China, to open a PayPal account and use the PayPal services. By opening and using a PayPal account, you agree to comply with all of the terms and conditions in this user agreement. You also agree to comply with the following additional policies and each of the other agreements on the Legal Agreements page that apply to you, including: • Acceptable Use Policy Please read carefully all of the terms and conditions of this user agreement, the terms of these policies and each of the other agreements that apply to you. We may amend this user agreement and any of the policies listed above from time to time. The revised version will be effective at the time we post it on our website, unless otherwise noted. If our changes reduce your rights or increase your responsibilities we will post a notice on the Policy Updates page of our website and provide you with at least 14 days notice. All future changes set out in the Policy Updates page already published on the Legal Agreements page at the time you register for the PayPal services are incorporated by reference into this user agreement and will take effect as specified in the Policy Update. By continuing to use our services after any changes to this user agreement or any of the other applicable terms, agreements, or policies listed above, you agree to abide and be bound by those changes. If you do not agree to the revised terms and conditions, you must stop using the PayPal services, close your account and terminate your relationship with us. This user agreement will continue to apply to your previous use of our services. PayPal is not an authorised institution (licensed bank, restricted licence bank, or deposit- taking company) for the purpose of Banking Ordinance (Cap. 155) and the PayPal services are stored value facility and payment processing services rather than banking services. PayPal Hong Kong Limited is a licensed issuer of a stored value facility regulated by the Hong Kong Monetary Authority under Licence Number: SVF0008. Consumer advisory - please note that stored value facility balances are not protected by the Hong Kong Deposit Protection Scheme. Consumers (users) in Hong Kong SAR China, are advised to read these terms and conditions carefully. This user agreement is not a solicitation of the PayPal services and PayPal is not targeting any country/region or market through this user agreement. We offer two types of accounts: PayPal personal accounts (or “personal accounts”) and PayPal business accounts (or “business accounts”), both covered by this user agreement. All PayPal accounts let you do things like: • Send and receive money. • Buy things online, using mobile devices or in stores. • Make payments using your credit card, debit card, balance in your PayPal account, or other payment methods. • Accept credit card, debit card, balance in your PayPal account, or other payment methods from others. You are responsible for maintaining adequate security and control of any and all IDs, passwords, personal identification numbers, or any other codes that you use to access your PayPal account and the PayPal services. In order to open and maintain a PayPal account, you must provide us with correct and updated account information, including but not limited to personal information, financial information, or other information related to you or your business. You must keep your mailing address, email address and other contact information current in your PayPal account profile. If you primarily make purchases or send personal transactions to family and friends, a personal account is probably right for you. With a personal account you can do things like: • Buy goods and services. • Send personal transactions to and request personal transactions from friends and family. You can also use a personal account to receive money for the sale of goods and services, but if you plan to use your personal account primarily to sell things, you should open a business account. You can also convert your personal account to a business account should circumstances change. We recommend business account for people and organizations that primarily use PayPal to sell goods or services, even if your business is not incorporated. With a business account, you can do things like: • Use a company or business name as the name on your business account. • Allow employees access to some of the features of your business account. • Sign up for PayPal products that meet your business needs. Business accounts may be subject to fees that differ from the fees applicable to personal accounts. Business accounts are not eligible to receive “personal transactions”, although they may send personal transactions to friends and family with an eligible PayPal account. If the activity through any type of PayPal you hold account reaches certain thresholds or involves certain business segments or activities, you are required to agree to Commercial Entity Agreement to allow you to continue accepting Visa and MasterCard payments. In this case, the Commercial Entity Agreement will apply to any payment processed by PayPal on your behalf and will form part of this user agreement. You may close your account and terminate your relationship with us at any time without cost or penalty, but you will remain liable for all obligations related to your PayPal account even after the PayPal account is closed. When you close your PayPal account, we will cancel any scheduled or incomplete transactions. You must withdraw or transfer any balance from your PayPal account before closing it. In certain cases, you may not close your PayPal account, including: • To evade an investigation. • If you have a pending transaction or an open dispute or claim. • If your PayPal account has a negative balance. • If your PayPal account is subject to a hold, limitation or reserve. You can link or unlink a credit card, debit card or a bank account to your PayPal account as a payment method. Pre-paid cards cannot be used as a payment method, unless otherwise notified by PayPal. Please keep your payment method information current (i.e. credit card number and expiration date). If this information changes, we may update it using information and third party sources available to us without any action on your part. If you do not want us to update your card information, you may remove your payment method from your PayPal account. If we update your payment method, we will keep any preference setting attached to such payment method. You may choose to confirm your card, so that we can verify that the card is valid and that you are the card owner. Pre-paid cards may not be used to fund a transaction in Hong Kong SAR China unless otherwise notified by PayPal. If you hold a balance in your PayPal account, PayPal will hold your funds in its stored value facility. PayPal combines your balance with the balances of other users and invests those funds in liquid investments. These pooled amounts are held separate from PayPal’s corporate funds, and PayPal will neither use these funds for its operating expenses or any other corporate purposes nor will it voluntarily make these funds available to its creditors in the event of bankruptcy. You will not receive interest or other earnings on the amounts in your balance. You agree PayPal shall own the interest or other earnings on these investments. You agree to assign any rights to any interest derived from your funds to PayPal.

Welcome to PayPal!. This user agreement is a contract between you and PayPal Hong Kong Limited, a company registered under the laws of Hong Kong SAR China, and governing your use of your PayPal account and the PayPal services. If you are an individual, you must be a resident of Hong Kong SAR China and at least 18 years old, to open a PayPal account and use the PayPal services. If you are a business, the business must be organised and operating in Hong Kong SAR China, to open a PayPal account and use the PayPal services. By opening and using a PayPal account, you agree to comply with all of the terms and conditions in this user agreement. You also agree to comply with the following additional policies and each of the other agreements on the Legal Agreements page that apply to you, including: • Acceptable Use Policy Please read carefully all of the terms and conditions of this user agreement, the terms of these policies and each of the other agreements that apply to you. We may amend this user agreement and any of the policies listed above from time to time. The revised version will be effective at the time we post it on our website, unless otherwise noted. If our changes reduce your rights or increase your responsibilities we will post a notice on the Policy Updates page of our website and provide you with at least 14 days notice. All future changes set out in the Policy Updates page already published on the Legal Agreements page at the time you register for the PayPal services are incorporated by reference into this user agreement and will take effect as specified in the Policy Update. By continuing to use our services after any changes to this user agreement or any of the other applicable terms, agreements, or policies listed above, you agree to abide and be bound by those changes. If you do not agree to the revised terms and conditions, you must stop using the PayPal services, close your account and terminate your relationship with us. This user agreement will continue to apply to your previous use of our services. PayPal is not an authorised institution (licensed bank, restricted licence bank, or deposit- taking company) for the purpose of Banking Ordinance (Cap. 155) and the PayPal services are stored value facility and payment processing services rather than banking services. PayPal Hong Kong Limited is a licensed issuer of a stored value facility regulated by the Hong Kong Monetary Authority under Licence Number: SVF0008. Consumer advisory - please note that stored value facility balances are not protected by the Hong Kong Deposit Protection Scheme. Consumers (users) in Hong Kong SAR China, are advised to read these terms and conditions carefully. This user agreement is not a solicitation of the PayPal services and PayPal is not targeting any country/region or market through this user agreement. We offer two types of accounts: PayPal personal accounts (or “personal accounts”) and PayPal business accounts (or “business accounts”), both covered by this user agreement. All PayPal accounts let you do things like: • Send and receive money. • Buy things online, using mobile devices or in stores. • Make payments using your credit card, debit card, balance in your PayPal accountbalance, or other payment methods. • Accept credit card, debit card, balance in your PayPal accountbalance, or other payment methods from others. You are responsible for maintaining adequate security and control of any and all IDs, passwords, personal identification numbers, or any other codes that you use to access your PayPal account and the PayPal services. In order to open and maintain a PayPal account, you must provide us with correct and updated account information, including but not limited to personal information, financial information, or other information related to you or your business. You must keep your mailing address, email address and other contact information current in your PayPal account profile. If you primarily make purchases or send personal transactions money to family and friends, a personal account is probably right for you. With a personal account you can do things like: • Buy goods and services. • Send personal transactions to and request personal transactions money from friends and family. You can also use a personal account to receive money for the sale of goods and services, but if you plan to use your personal PayPal account primarily to sell things, you should open consider a business account. You can also convert change your PayPal account from a personal account to a business account should circumstances change. We recommend business PayPal account for people and organizations that primarily use PayPal to sell goods or services, even if your business is not incorporated. With a business PayPal account, you can do things like: • Use a company or business name as the name on your business PayPal account. • Allow employees access to some of the features of your business PayPal account. • Sign up for PayPal products that meet your business needs. Business accounts may be subject to fees that differ from the fees applicable to personal accounts. Business accounts are not eligible to receive “personal transactions”, although they may send personal transactions to friends and family with an eligible PayPal account. If the activity through any type of PayPal you hold account reaches certain thresholds or involves certain business segments or activities, you are required to agree to Commercial Entity Agreement to allow you to continue accepting Visa and MasterCard payments. In this case, the Commercial Entity Agreement will apply to any payment processed by PayPal on your behalf and will form part of this user agreement. You may close your account and terminate your relationship with us at any time without cost or penalty, but you will remain liable for all obligations related to your PayPal account even after the PayPal account is closed. When you close your PayPal account, we will cancel any scheduled or incomplete transactions. You must withdraw or transfer any PayPal balance from your PayPal account before closing it. In certain cases, you may not close your PayPal account, including: • To evade an investigation. • If you have a pending transaction or an open dispute or claim. • If your PayPal account has a negative balance. • If your PayPal account is subject to a hold, limitation or reserve. You can link or unlink a credit card, debit card or a bank account to your PayPal account as a payment method. Pre-paid cards cannot be used as a payment method, unless otherwise notified by PayPal. Please keep your payment method information current (i.e. credit card number and expiration date). If this information changes, we may update it using information and third party sources available to us without any action on your part. If you do not want us to update your card information, you may remove your payment method from your PayPal account. If we update your payment method, we will keep any preference setting attached to such payment method. You may choose to confirm your card, so that we can verify that the card is valid and that you are the card owner. Pre-paid cards may not be used to fund a transaction in Hong Kong SAR China unless otherwise notified by PayPal. If you hold a balance in your PayPal account, PayPal will hold your funds in its stored value facility. PayPal combines your balance with the balances of other users and invests those funds in liquid investments. These pooled amounts are held separate from PayPal’s corporate funds, and PayPal will neither use these funds for its operating expenses or any other corporate purposes nor will it voluntarily make these funds available to its creditors in the event of bankruptcy. You will not receive interest or other earnings on the amounts in your balance. You agree PayPal shall own the interest or other earnings on these investments. You agree to assign any rights to any interest derived from your funds to PayPal.

Welcome to PayPal!. This user agreement is a contract between you and PayPal Hong Kong Limited, a company registered under the laws of Hong Kong SAR China, and governing your use of your PayPal account and the PayPal services. If you are an individual, you must be a resident of Hong Kong SAR China and at least 18 years old, to open a PayPal account and use the PayPal services. If you are a business, the business must be organised and operating in Hong Kong SAR China, to open a PayPal account and use the PayPal services. By opening and using a PayPal account, you agree to comply with all of the terms and conditions in this user agreement. You also agree to comply with the following additional policies and each of the other agreements on the Legal Agreements page that apply to you, including: • Acceptable Use Policy Please read carefully all of the terms and conditions of this user agreement, the terms of these policies and each of the other agreements that apply to you. We may amend this user agreement and any of the policies listed above from time to time. The revised version will be effective at the time we post it on our website, unless otherwise noted. If our changes reduce your rights or increase your responsibilities we will post a notice on the Policy Updates page of our website and provide you with at least 14 days notice. All future changes set out in the Policy Updates page already published on the Legal Agreements page at the time you register for the PayPal services are incorporated by reference into this user agreement and will take effect as specified in the Policy Update. By continuing to use our services after any changes to this user agreement or any of the other applicable terms, agreements, or policies listed above, you agree to abide and be bound by those changes. If you do not agree to the revised terms and conditions, you must stop using the PayPal services, close your account and terminate your relationship with us. This user agreement will continue to apply to your previous use of our services. PayPal is not an authorised institution (licensed bank, restricted licence bank, or deposit- taking company) for the purpose of Banking Ordinance (Cap. 155) and the PayPal services are stored value facility and payment processing services rather than banking services. PayPal Hong Kong Limited is a licensed issuer of a stored value facility regulated by the Hong Kong Monetary Authority under Licence Number: SVF0008. Consumer advisory - please note that stored value facility balances are not protected by the Hong Kong Deposit Protection Scheme. Consumers (users) in Hong Kong SAR China, are advised to read these terms and conditions carefully. This user agreement is not a solicitation of the PayPal services and PayPal is not targeting any country/region or market through this user agreement. We offer two types of accounts: PayPal personal accounts (or “personal accounts”) and PayPal business accounts (or “business accounts”), both covered by this user agreement. All PayPal accounts let you do things like: • Send and receive money. • Buy things online, using mobile devices or in stores. • Make payments using your credit card, debit card, balance in your PayPal accountbalance, or other payment methods. • Accept credit card, debit card, balance in your PayPal accountbalance, or other payment methods from others. You are responsible for maintaining adequate security and control of any and all IDs, passwords, personal identification numbers, or any other codes that you use to access your PayPal account and the PayPal services. In order to open and maintain a PayPal account, you must provide us with correct and updated account information, including but not limited to personal information, financial information, or other information related to you or your business. You must keep your mailing address, email address and other contact information current in your PayPal account profile. If you primarily make purchases or send personal transactions money to family and friends, a personal account is probably right for you. With a personal account you can do things like: • Buy goods and services. • Send personal transactions to and request personal transactions money from friends and family. You can also use a personal account to receive money for the sale of goods and services, but if you plan to use your personal PayPal account primarily to sell things, you should open consider a business account. You can also convert change your PayPal account from a personal account to a business account should circumstances change. We recommend A business account is for people and organizations that primarily use PayPal to sell goods or services, even if your business is not incorporated. With a business account, you can do things like: • Use a company or business name as the name on your business PayPal account. • Allow employees access to some of the features of your business PayPal account. • Sign up for PayPal products that meet your business needs. Business accounts may be subject to fees that differ from the fees applicable to personal accounts. Business accounts are not eligible to receive “personal transactions”, although they may send personal transactions to friends and family with an eligible PayPal account. If the activity through any type of PayPal you hold account reaches certain thresholds or involves certain business segments or activities, you are required to agree to Commercial Entity Agreement to allow you to continue accepting Visa and MasterCard payments. In this case, the Commercial Entity Agreement will apply to any payment processed by PayPal on your behalf and will form part of this user agreement. You may close your account and terminate your relationship with us at any time without cost or penalty, but you will remain liable for all obligations related to your PayPal account even after the PayPal account is closed. When you close your PayPal account, we will cancel any scheduled or incomplete transactions. You must withdraw or transfer any PayPal balance from your PayPal account before closing it. In certain cases, you may not close your PayPal account, including: • To evade an investigation. • If you have a pending transaction or an open dispute or claim. • If your PayPal account has a negative balance. • If your PayPal account is subject to a hold, limitation or reserve. You can link or unlink a credit card, debit card or a bank account to your PayPal account as a payment method. Pre-paid cards cannot be used as a payment method, unless otherwise notified by PayPal. Please keep your payment method information current (i.e. credit card number and expiration date). If this information changes, we may update it using information and third party sources available to us without any action on your part. If you do not want us to update your card information, you may remove your payment method from your PayPal account. If we update your payment method, we will keep any preference setting attached to such payment method. You may choose to confirm your card, so that we can verify that the card is valid and that you are the card owner. Pre-paid cards may not be used to fund a transaction in Hong Kong SAR China unless otherwise notified by PayPal. If you hold a balance in your PayPal account, PayPal will hold your funds in its stored value facility. PayPal combines your balance with the balances of other users and invests those funds in liquid investments. These pooled amounts are held separate from PayPal’s corporate funds, and PayPal will neither use these funds for its operating expenses or any other corporate purposes nor will it voluntarily make these funds available to its creditors in the event of bankruptcy. You will not receive interest or other earnings on the amounts in your balance. You agree PayPal shall own the interest or other earnings on these investments. You agree to assign any rights to any interest derived from your funds to PayPal.