Document:

Market Data Vendor Licence Agreement dated March 31, 2011

 Exhibit 4.63 
 Market Data Vendor Licence Agreement 
 AN AGREEMENT dated
the 31st day of March, 2011 

BETWEEN:- 
  

	(1)	HKEx INFORMATION SERVICES LIMITED whose registered office is situated at 12th Floor, One International Finance Centre, 1 Harbour View Street, Central, Hong Kong
(“HKEx-IS”); and 

  

	(2)	The person whose name and address is set out in Schedule 1 (“the Licensee”). 

 WHEREAS:- 
 (A) HKEx-IS is an indirect wholly owned subsidiary of Hong Kong Exchanges and
Clearing Limited. 
 (B) It has been agreed that HKEx-IS will grant to the Licensee a non-exclusive licence to use certain information,
documents and/or material, for the period and upon the terms and conditions hereinafter appearing. 
 IT IS HEREBY AGREED as follows:-

 1 Interpretation 
 In this
Agreement, unless otherwise expressed or required by the context, the following expressions shall have the following meanings:- 
  

			
	Expressions	  	Meanings
	“Agreement”	  	this agreement, its schedules and relevant annexes and applicable Contract Elements, together with any subsequent modifications thereto.
	“Contract Elements”	  	the Fee Schedule, Transmission Specification and other guidelines published by the Exchanges from time to time, which can be viewed, downloaded and printed via the Internet at
www.hkex.com.hk.
	“Datafeed”	  	a datafeed of relevant Information.
	“Datafeed Commencement Date”	  	the date on which the Licensee first receives the relevant Datafeed more particularly set out in Schedule 3.
	“Delayed Information”	  	Information which is made available to Subscribers on the basis of a delay of at least 15 minutes after the Information has first been made available to the
Licensee.
	“Deposit”	  	the deposit paid by the Licensee more particularly set out in Schedule 3.
	“Derivatives Market Data”	  	data relating to products and contracts traded on or through the Futures Exchange and/or information relating to Options Contracts.

			
	“End User Receptor”	  	has the meaning set out in Schedule 5.
	“Exchanges”	  	the Stock applicable. Exchange and/or the Futures Exchange, as applicable.
	“Fee Schedule”	  	the schedule of fees published by HKEx-IS from time to time on www.hkex.com.hk.
	“Futures Contract”	  	has the same meaning as defined in section 1 of Part 1 of Schedule 1 to the Securities and Futures Ordinance.
	“Futures Exchange”	  	Hong Kong Futures Exchange Limited, whose registered address is at 12th Floor, One International Finance Centre, 1 Harbour View Street, Central, Hong Kong.
	“Hong Kong”	  	the Hong Kong Special Administrative Region of the People’s Republic of China.
	“HKEx Group”	  	Hong Kong Exchanges and Clearing Limited (“HKEx”) and its subsidiaries.
	“Information”	  	information compiled by the Exchanges and/or provided by HKEx-IS pursuant to this Agreement (which may include Securities Market Data, Derivatives Market Data, IIS News and Third
Party Content), more particularly set out in Schedule 3 and (where applicable) in any relevant Transmission Specifications.
	“IIS News”	  	information, documents and/or other material compiled by the Stock Exchange and/or provided by HKEx-IS concerning or relating to regulatory filings made by companies listed or to be
listed on the Stock Exchange and issuers of products and instruments listed on the Stock Exchange, more particularly set out in the relevant Transmission Specifications.
	“LAQ Statement”	  	a statement in response to requests for information made by HKEx-IS of its licensees, as further provided for in clause 5.8.
	“Licence Fees”	  	the fees to be paid by the Licensee to HKEx-IS pursuant to clause 5.2.
	“Memorandum of Permitted Purpose”	  	the memorandum which sets out the Permitted Purpose, as more particularly set out in Schedule 4, or any revised Memorandum of Permitted Purpose issued by HKEx-IS pursuant to clause
2.3.
	“Off Market”	  	a trading floor or dealing service where: (1) trading in (1a) Securities listed on the Stock Exchange or of a type capable of being so listed; or (1b) any other Securities derived
from or relating to Securities described at (1a) is being undertaken otherwise than on or through the Stock Exchange; or (2) trading in Futures Contracts traded on the Futures Exchange is being undertaken otherwise than on or through the Futures
Exchange.

			
	“Options Contracts”	  	has the same meaning as defined in the Options Trading Rules of the Stock Exchange, as amended from time to time.
	“Permitted Purpose”	  	the purpose for which the Licensee may use the Information, as described in this Agreement, and as more particularly set out in the Memorandum of Permitted Purpose.
	“Quarter”	  	the quarters of each year ending on 3lst March, 30th June, 30th September and 3lst December.
	“Related Company”	  	in relation to any company, any other company which is for the time being a holding company of such company or a subsidiary company of such company or a subsidiary of a holding
company of such company. For this purpose the expressions “subsidiary” and “holding company” shall have the meanings ascribed to them by Section 2 of the Companies Ordinance (Cap. 32).
	“Securities”	  	has the same meaning as defined in section 1 of Part 1 of Schedule 1 to the Securities and Futures Ordinance.
	“Securities and Futures Ordinance”	  	the Securities and Futures Ordinance (Cap. 571) as amended, replaced or re-enacted from time to time, including all regulations made pursuant thereto.
	“Securities Market Data”	  	data relating to Securities, products and instruments traded on or through the Stock Exchange.
	“Specified Date”	  	the last day of the month (or such other date as HKEx-IS may from time to time specify by written notice).
	“Stock Exchange”	  	The Stock Exchange of Hong Kong Limited, whose registered address is at 12th Floor, One International Finance Centre, 1 Harbour View Street, Central, Hong Kong.
	“Subscriber”	  	any person to whom the Licensee disseminates Information in accordance with clause 4.1, and where required, enters into a contract with the Licensee for the supply of Information,
as indicated in Schedule 4.
	“Subscriber Fees”	  	fees payable in relation to a Subscriber, more particularly set out in the Memorandum of Permitted Purpose, Schedules 3 and 5 and any relevant Contract Element.
	“Subscriber Report”	  	a statement as defined in clause 5.5.
	“Subscriber Unit”	  	has the meaning set out in Schedule 5.
	“Third Party Content”	  	the part or parts of the Information which are provided to HKEx-IS by third parties and which are not owned by HKEx-IS, more particularly as set out in the relevant Transmission
Specifications.
	“Third Party Content Provider”	  	the provider of Third Party Content.
	“Transmission Specifications”	  	the specifications applicable to this Agreement, which set out (amongst other things) the connection requirements and the data content of Datafeeds, published from time to time by
HKEx-IS on www.hkex.com.hk.

 Where the context requires, words importing the singular shall include the plural and vice versa.

  

	2.	Licence 

 2.1 HKEx-IS, as agent for
and on behalf of the Exchanges, hereby grants to the Licensee a non-exclusive licence to use the Information for the Permitted Purpose and according to the terms set out in this Agreement. The rights and obligations in relation to a Datafeed under
this Agreement shall commence on the corresponding Datafeed Commencement Date. 
 2.2 The Information initially provided to the Licensee
hereunder shall be specified in the relevant Transmission Specifications, more particularly set out in Schedule 3. HKEx-IS shall have the right at any time to alter the presentation or substance of the Information or parts thereof (unless the
alteration involves the deletion of any category or product group from the scope of Information as described in the Transmission Specifications in which case the notice period shall be a minimum of 30 days and, in that event, the Licensee shall be
entitled to, at any time during the 21 days following service of such notice, terminate this Agreement or the Datafeed to which the Information relates, with effect from the date when the alteration is to be implemented, by giving written notice to
HKEx-IS). For the avoidance of doubt, the Licensee shall not be entitled to terminate this Agreement or a Datafeed under this clause 2.2 where the alteration involves the deletion of Third Party Content only. Notwithstanding the above, HKEx-IS shall
have the right to alter the presentation or substance of the Information without prior notice to the Licensee if required to do so by reasons outside its control. 
 2.3 HKEx-IS acknowledges and agrees that the Licensee may under and for the purposes of this Agreement provide the Information to Subscribers in the form or format in which the Information is
supplied to the Licensee hereunder or in any other form or format (including for use in composite information systems) provided always that (a) the Information is acknowledged as being derived from the relevant Exchanges and its format or
editing is in no way misleading as to the nature or content of the Information and (b) the Licensee shall not remove, displace or alter any copyright, confidentiality or other proprietary notices or any disclaimer notice of the relevant
Exchanges and (c) whenever the Licensee wishes to provide the Information in a different form or manner, whether to constitute a new service to, or to modify or terminate, an existing service specified in the Memorandum of Permitted Purpose,
the Licensee will first give HKEx-IS no less than 30 days’ prior written notice of its intention, and shall provide such further details as HKEx-IS may reasonably request. For the avoidance of doubt, nothing in this clause 2.3 shall entitle the
Licensee to do anything outside the scope of the Permitted Purpose without first obtaining HKEx-IS’ written consent (such consent not to be unreasonably withheld). HKEx-IS may, at any time after receiving such notice, issue a revised Memorandum
of Permitted Purpose to re-define and/or re-classify the services in question, which shall form a part of this Agreement and shall replace any then existing Memorandum of Permitted Purpose with effect from its date of issue by HKEx-IS or from the
date when the modified services are introduced, if later. (For the avoidance of doubt, this clause 2.3 is without prejudice and subject to clause 5.9.) 

 2.4 The Licensee will incorporate the following disclaimer notice in its English or Chinese
(traditional or simplified) version (or a disclaimer notice to equivalent effect) into all contracts with Subscribers that are required to have a subsisting contract with the Licensee: 

“HKEx INFORMATION SERVICES LIMITED, ITS HOLDING COMPANIES AND/OR ANY SUBSIDIARIES OF SUCH HOLDING COMPANIES ENDEAVOUR TO ENSURE THE
ACCURACY AND RELIABILITY OF THE INFORMATION PROVIDED BUT DO NOT GUARANTEE ITS ACCURACY OR RELIABILITY AND ACCEPT NO LIABILITY (WHETHER IN TORT OR CONTRACT OR OTHERWISE) FOR ANY LOSS OR DAMAGE ARISING FROM ANY INACCURACIES OR OMISSIONS”

 OR 

「香港交易所資訊服務有限公司、其控股公司及/或該等控股公司的任何附屬公司均竭
 

力確保所提供資訊的準確和可靠度,但不能保證其絕對準確和可靠,且亦不會承擔因任
 

何不準確或遺漏而引起的任何損失或損害的責任(不管是否侵權法下的責任或合約責任
 
 又或其他責任)」 
 OR 

「香港交易所资讯服务有限公司、其控股公司及/或该等控股公司的任何附属公司均竭力
 

确保所提供信息的准确和可靠度,但不能保证其绝对准确和可靠,且亦不会承担因任何
 

不准确或遗漏而引起的任何损失或损害的责任(不管是否侵权法下的责任或合约责任又
 
 或其它责任)」 
 2.5 The Licensee will ensure that, insofar as and for so long as it is technically possible to do so, a disclaimer notice as described in clause 2.4 shall be transmitted to Subscribers so that it
is conspicuously perceptible during or immediately prior to each continuous period throughout which the relevant Subscriber has access to the Information. 
  

	3.	Representation and Warranties 

 3.1
The Licensee hereby represents, covenants and warrants to HKEx-IS, as its ongoing obligations, that: 
 (a) it is a body
corporate validly existing under the laws of its jurisdiction of incorporation, has the power to own its assets and carry on its business as it is being conducted; 
 (b) it has the requisite power, authority, consents, licences and authorisations and has taken all necessary actions, to enable it to enter into this Agreement and to perform its duties and obligations
under this Agreement; 

 (c) this Agreement constitutes its legal, valid and binding obligations, enforceable in
accordance with the terms of this Agreement and does not and will not violate any applicable laws which the Licensee is subject to, its constitutional documents or the terms of any other document, instrument or undertaking binding on it; 

(d) it shall comply with all applicable laws, regulations, codes, guidelines, circulars, orders or rulings and has all relevant licences,
governmental or otherwise, relating to its use of the Information; 
 (e) it shall, upon request, provide such information to HKEx-IS as
reasonably required in relation to its use of Information under this Agreement, provided that HKEx-IS shall keep such information confidential, except to the extent permitted under this Agreement, required by law or any regulatory authority or as
necessary in connection with any legal proceedings; and 
 (f) it shall notify HKEx-IS in writing of any material change in any shareholder
beneficially holding 30% or more of the issued share capital of the Licensee or to the majority of the directors of the Licensee. 
 3.2
Except for the warranties and representations set forth in this Agreement, the parties make no representation or warranties, whether express or implied. 
  

	4.	Permitted Use of Information 

 4.1 The
Licensee may access and use the Information and disseminate the Information to Subscribers, according to the Permitted Purpose, provided that it pays to HKEx-IS all applicable Licence Fees. The Licensee may not assign, transfer or sub-licence the
right to disseminate the Information to Subscribers, to any other person except as permitted by clause 4.7. 
 4.2 The Licensee shall use
reasonable endeavours to ensure that:- 
 4.2.1 any equipment or software used to process the Information are arranged; 

4.2.2 other suitable procedures are in place so that no unauthorized person or device can obtain access to the Information. 

4.3 Where the Licensee is required to have a subsisting contract with Subscribers, the Licensee shall ensure and procure that all and any
dissemination of the Information to any Subscriber shall be on terms that:- 
 4.3.1 no Subscriber shall, without the prior written approval of
HKEx-IS (such approval not to be unreasonably withheld) disseminate the Information or any part thereof to any other person; 

 4.3.2 no Subscriber shall use or permit the use of the Information or any part thereof for any illegal
purpose; 
 4.3.3 no Subscriber shall use the Information or any part thereof other than in the ordinary course of its own business (which shall
not include the dissemination of Information to third parties); and 
 4.3.4 no Subscriber shall use the Information or any part thereof to
establish (directly or indirectly), maintain or provide or to assist in establishing, maintaining or providing an Off Market. 
 In the event
that HKEx-IS grants approval to a Subscriber to disseminate the Information or any part thereof to any other person, HKEx-IS may impose such conditions on the Licensee as it considers appropriate, including (without limitation), requiring the
Licensee to pay HKEx-IS such additional fees as calculated and/or as specified by HKEx-IS, restricting the mode of dissemination by the Subscriber and requiring the Licensee to ensure that the Subscriber complies with the same restrictions and
obligations which are imposed on the Licensee under this Agreement relating to the access, use and dissemination of Information. 
 4.4
Where the Licensee is not required to have a subsisting contract with Subscribers: 
 4.4.1 the Licensee shall use best endeavours to
design, operate and maintain a system that will prevent any downloading or exporting of the Information to other applications by Subscribers and, in particular, will prevent Subscribers from downloading and exporting the Information for the purposes
of establishing, maintaining or providing an Off Market; and 
 4.4.2 the Licensee shall use reasonable endeavours to display a clear and
prominent reference to the prohibition of further dissemination of the Information by Subscribers to any other person. 
 4.5 The
Licensee shall ensure that no Subscriber is using the Information or any part thereof contrary to the provisions of this clause 4 and if the Subscriber is required to have a subsisting contract with the Licensee, the Licensee shall promptly supply
to HKEx-IS the name and address of any Subscriber whom the Licensee or HKEx-IS suspects is in breach of such provisions. 
 4.6 If
HKEx-IS suspects that a Subscriber, which is required to have a subsisting contract with the Licensee, is using the Information or any part thereof contrary to the provisions of this clause 4, HKEx-IS may serve a written notice on the Licensee
specifying the name of such Subscriber and the nature of the suspected misuse and requiring the Licensee to notify that Subscriber in writing that it must immediately cease such misuse and must provide such proof as HKEx-IS may reasonably require
that it has ceased (or never committed) such misuse. The Licensee shall immediately comply with such a notice on receipt. If the Subscriber fails to comply with the Licensee’s notice within such period as HKEx-IS may specify the Licensee shall
immediately at HKEx-IS’ further written direction cease to supply the Information to that Subscriber or reduce the supply to a level specified by HKEx-IS. 

 4.7 The Licensee shall not assign or sub-licence the right to disseminate the Information to
Subscribers except as follows: 
 4.7.1 the Licensee may sub-licence the right to disseminate the Information to Subscribers, to a Related
Company (the details of which are more particularly set out in Schedule 2, as amended from time to time), provided that: 
 (i) the Licensee
gives HKEx-IS prior notice of the sub-licensing together with evidence, to the satisfaction of HKEx-IS, that the sub-licensee is a Related Company, 
 (ii) the sub-licence shall terminate upon its ceasing to be a Related Company, 
 (iii) the
sub-licence shall impose on the Related Company all the restrictions and obligations imposed on the Licensee by this Agreement relating to the use of the Information except that no Related Company shall be liable to pay any Licence Fees in addition
to those payable by the Licensee pursuant to sub-clause (v), 
 (iv) the Licensee shall be personally liable hereunder for any breach by such
Related Company of such restrictions or obligations, so that such breach shall be treated as a breach of this Agreement by the Licensee, 
 (v)
the Licensee shall, as part of its obligations under clause 5, be directly responsible for providing payments and statements on behalf of any such Related Companies as well as for itself, by way of a single consolidated statement which consolidated
statement shall nevertheless also provide a breakdown of relevant payments and other information ascribable to each Related Company. 
 4.7.2
the Licensee may sub-licence the right to disseminate the Information to Subscribers, to such other third parties as are approved in advance in writing by HKEx-IS. HKEx-IS shall have complete discretion as to the terms on which it agrees to such
sub-licence. Without prejudice to the foregoing, unless expressly otherwise agreed by HKEx-IS: 
 (i) the sub-licence shall impose on the third
party all the restrictions and obligations imposed on the Licensee by this Agreement relating to the use and dissemination of the Information, 

(ii) the Licensee shall be personally liable hereunder for any breach by such third party of such restrictions or obligations, so that such breach shall
be treated as a breach of this Agreement by the Licensee, 
 (iii) without prejudice to (i) and (ii), the third party sub-licensee shall
render a Subscriber Report and payment in accordance with clause 5 directly to HKEx-IS. 

 4.7.3 HKEx-IS may, in respect of any sub-licence granted pursuant to clause 4.7.2, at any time by notice in
writing given to the Licensee either require the Licensee to terminate such sub-licence or impose further conditions in respect of such sub-licence or require that the sub-licensee enter into a direct licence with HKEx-IS. 

4.8 The Licensee shall not knowingly use the Information or any part thereof to (directly or indirectly) establish, maintain or provide, or assist
in establishing, maintaining or providing an Off Market, nor shall the Licensee provide a Securities or Futures Contracts dealing service in Hong Kong, without obtaining the prior written consent of HKEx-IS (such consent not to be unreasonably
withheld). 
 4.9 The Licensee shall comply with such directions as HKEx-IS may reasonably require from time to time concerning permitted
use of the Information, provided that 
 4.9.1 such directions are incorporated in the Memorandum of Permitted Purpose or are otherwise given in
writing by not less than 90 days’ notice; and 
 4.9.2 at any time during the 30 days following service of such notice the Licensee shall
be entitled to terminate this Agreement or the Datafeed to which such direction relates with effect from the date when the direction is to be implemented, by giving written notice to HKEx-IS. 
 4.10 A party shall not without the previous written consent of the other party assign, transfer, sub-contract, sub-licence, delegate, mortgage, charge or otherwise dispose of or purport to assign,
transfer, sub-contract, sub-licence, delegate, mortgage, charge or otherwise dispose of this Agreement or its rights hereunder, provided that HKEx-IS may at any time assign, transfer, sub-contract, sub-licence, delegate, mortgage, charge or
otherwise dispose of this Agreement or its rights hereunder to any member of the HKEx Group without the prior consent of the Licensee. 
  

	5.	Deposit, Licence Fees and Payments 

5.1 The Licensee agrees that:- 
 5.1.1
The Deposit shall be held by HKEx-IS throughout the term of this Agreement to secure the due payment of all fees and other sums payable by the Licensee and the due observance and performance of its obligations under this Agreement; 

5.1.2 The amount of the Deposit shall be subject to increase at any time by HKEx-IS giving to the Licensee 60 days’ written notice and the Licensee
shall on or before the date specified in the notice deposit with HKEx-IS such increased amount. At any time during the 30 days following service of such notice, the Licensee shall be entitled to terminate this Agreement or the Datafeed to which such
increase relates, with effect from the date specified in the notice, by giving written notice to HKEx-IS; 

 5.1.3 HKEx-IS shall be entitled to deduct from the Deposit the amount of all outstanding fees and other sums
payable by the Licensee under this Agreement and all costs, expenses, losses and damages which may be sustained or incurred by HKEx-IS as a result of any breach, non-performance or non-observance by the Licensee of any terms of this Agreement. For
the avoidance of doubt, HKEx-IS shall be entitled to exercise its right under this clause 5.1.3 notwithstanding that part of the Deposit is derived from a Deposit for a different type of Information/Datafeed, which is not the subject of the breach,
non-performance or non-observance. The Licensee shall immediately on demand deposit with HKEx-IS any amount so deducted such that at all times the Licensee shall maintain with HKEx-IS as Deposit the total specified in Schedule 3, as may be increased
under clause 5.1.2; and 
 5.1.4 The Deposit, less any amount deducted under clause 5.1.3, shall be repaid to the Licensee without interest or
compensation within 30 days after the termination of this Agreement or within 30 days after settlement of the last outstanding claim by HKEx-IS against the Licensee for any outstanding fees or other charges and for any breach, non-performance or
non-observance of any of the terms of this Agreement, whichever is the later. Where the Licensee unsubscribes to part of the Information/a Datafeed, the Deposit may be adjusted to take that into account subject to this clause 5.1. 

5.2 During the currency of the licence, granted pursuant to the terms of this Agreement, the Licensee shall pay the Licence Fees calculated and
payable to HKEx-IS in accordance with the provisions of the Memorandum of Permitted Purpose, Schedules 3 and 5 and any relevant Contract Element. 
 5.3 HKEx-IS shall have the right to amend the Licence Fees or any element of them at any time upon giving the Licensee not less than 90 days’ notice in writing thereof. At any time during the
30 days following service of such notice, the Licensee shall be entitled to terminate this Agreement or the Datafeed to which such amendment relates, with effect from the date when the amendment is to be implemented, by giving written notice to
HKEx-IS. For the avoidance of doubt, HKEx-IS’ right to amend the Licence Fees or any element of them includes without limitation the right to introduce additional Licence Fees to cover any new or existing types of service, to modify the basis
for calculating any Licence Fees and to change the classification of any service so that an amended Licence Fee becomes payable. 
 5.4
Licence Fees are not refundable except in accordance with this clause 5.4. Any Licence Fees paid in advance for Information or parts thereof will be refundable on a pro-rata basis to the Licensee: (i) if the Licensee ceases to use
Information or parts thereof pursuant to clauses 4.9, 5.3, or 11.1 herein; or (ii) if the Licensee terminates this Agreement or the relevant Datafeed pursuant to clauses 4.9, 5.3, or 11.1 herein, provided that the Licensee has fully discharged
all of its obligations under this Agreement and provided that no refund shall be made in respect of any incomplete month. 

 5.5 The Licensee shall provide a statement (the “Subscriber Report”) to HKEx-IS
within 15 days of the end of each month (unless the Subscriber Report relates to Subscribers outside Hong Kong, in which case it shall be provided within 30 days of the end of the month) as to:- 

5.5.1 the names of the Subscribers to whom it has disseminated the Information during the preceding month and stating the name or nature of the service
by which each received the Information, the number and type of Subscriber Units for each Subscriber within Hong Kong and outside Hong Kong; and 

5.5.2 the Licence Fees payable for that month. 

The Subscriber Report shall contain such further information and shall be provided in such format as HKEx-IS may reasonably require (by not less than 90
days’ written notice) from time to time. 
 5.6 The Licensee shall maintain complete and accurate records on the calculation of the
Licence Fees specified in each Subscriber Report and shall make such records available to HKEx-IS within 30 days of receiving HKEx-IS’ written request. HKEx-IS shall have the right not more than once in each Quarter during the currency of this
Agreement and also once in the Quarter following termination of this Agreement to inspect all documents pertaining to such records covering the period of the preceding Quarter (and, if not yet so inspected, previous Quarters) either itself or by its
authorized agents. The Licensee shall, upon receiving HKEx-IS’ written request, permit and/or (if so requested) procure that HKEx-IS may inspect promptly thereafter the premises and records of the Licensee and any sub-licensee, for the purpose
of satisfying HKEx-IS by whatever proofs HKEx-IS may reasonably require that the Licence Fees are being properly accounted for and/or that the Licensee and/or its sub-licensees are using the Information for the Permitted Purpose only and are not
using Information contrary to the provisions of clause 4, provided always that the Licensee shall not be obliged to make and/or procure such inspection to take place more than once in any Quarter. HKEx-IS shall bear its costs (including internal
management time and expenses) of each inspection, unless the inspection establishes that HKEx-IS has been underpaid by 5% or more of the amount actually paid in respect of Licence Fees for that Quarter in which case the Licensee shall bear such
costs. For the avoidance of doubt, such underpayment shall be deemed to have been payable with effect from the due date for providing the Subscriber Report relevant to such underpayment. 
 5.7 Where the Licensee is required to have a subsisting contract with Subscribers, the Licensee shall, upon receiving HKEx-IS’ written request, inspect and/or (if so requested) procure that
HKEx-IS or its authorized agents may inspect promptly thereafter the premises and records of any Subscriber specified by HKEx-IS, for the purpose of satisfying HKEx-IS by whatever proofs HKEx-IS may reasonably require that the Licence Fees in
respect of that Subscriber are being properly accounted for and/or that the Subscriber is not using Information contrary to the provisions of clause 4, provided always that the Licensee shall not be obliged to make and/or procure such inspection (in
respect of any one Subscriber) to take place more than once in any Quarter. 
 5.8 HKEx-IS shall compile and provide the Licensee with a
Licensee auditor questionnaire. In response to such questionnaire, the Licensee shall provide HKEx-IS with a statement (the “LAQ Statement”) made by the Licensee’s auditors, in such form and at such times as HKEx-IS may
reasonably require. HKEx-IS shall notify any change in its requirements by not less than 90 days’ written notice unless HKEx-IS is compelled to make such change on shorter notice or without any notice for reasons which are beyond its control.

 5.9 If HKEx-IS establishes, by whatever means, that Information is being or has been used to provide
services (a) outside the scope of the Permitted Purpose or (b) within the scope of the Permitted Purpose but in a manner materially different to the manner in which the Licensee had previously represented to HKEx-IS that those services
would be provided, then HKEx-IS shall be entitled to issue a revised Memorandum of Permitted Purpose to re-define and/or re-classify the services. If HKEx-IS does so re-classify any services:- 

(i) the Licensee shall be liable to pay Licence Fees in accordance with such re-classification as if those services had been so classified from the date
when they were first so provided; and 
 (ii) the Licensee shall pay promptly to HKEx-IS or HKEx-IS shall re-pay promptly to the Licensee, as
the case may be, the balance of any monies thereby due. 
 5.10 If the Licensee is late in paying any sums due to HKEx-IS under this
Agreement by more than 30 days, interest shall be payable on such sums calculated from the date such sums first become due in respect of each month or part thereof for which they are not paid at a rate of 40% per annum. 

5.11 Where an inspection is made pursuant to clauses 5.6 or 5.7 and HKEx-IS in consequence is of the opinion that HKEx-IS has been underpaid by 5%
or more of the relevant Licence Fees, the Licensee shall, upon receiving HKEx-IS’ written request, permit and/or if so requested procure such further inspections by HKEx-IS as HKEx-IS considers (notwithstanding, for the avoidance of doubt, any
other provision of those clauses) necessary to determine the proper basis on which those Licence Fees should have been accounted for. 
 5.12
HKEx-IS and/or its authorized agents shall keep confidential all information derived from a Subscriber Report submitted pursuant to clause 5.5 and all information disclosed in connection with any inspection made pursuant to clause 5.6 or 5.7,
except to the extent permitted under this Agreement, required by law or any regulatory authority or as necessary in connection with any legal proceedings. 
  

	6.	Termination 

 6.1 Either party
shall be entitled without stating a reason to terminate this Agreement or a Datafeed by giving not less than 90 days’ prior notice of termination in writing to the other party. 
 6.2 The termination of all Datafeeds to the Licensee shall be regarded as a termination of this Agreement. For the avoidance of doubt, this Agreement shall terminate on the day that the last
Datafeed is terminated. 

 6.3 Either party shall be entitled to terminate this Agreement immediately by written notice (and
thereupon the provision of the Information to the Licensee may cease) upon the commencement of winding-up of the other party, or a receiver having been appointed over or judgment or levy being made against any assets of the other party, or the other
party having entered into any scheme, arrangement or composition with any of its creditors. A party shall immediately inform the other party by notice in writing upon the occurrence of any of the events described in this clause 6.3. 

6.4 Without prejudice to HKEx-IS’s right under clause 6.3, HKEx-IS shall be entitled to terminate this Agreement or suspend its performance
of all or any obligations under it at any time and without liability for compensation or damages if the Licensee commits a material breach of this Agreement. HKEx-IS shall be entitled to, in its sole and absolute discretion, determine whether a
material breach of this Agreement has occurred. For the avoidance of doubt, a material breach of this Agreement may or may not be remediable and shall include, without limitation, a breach of clauses 2.3 and 5.2 and such other clauses or paragraphs
specified as being “material” in any relevant annex. 
 6.5 Without prejudice to HKEx-IS’s right under clause 6.4, in the
event that a party commits a breach of this Agreement, the other party shall be entitled to terminate this Agreement immediately by written notice (and thereupon the provision of the Information to the Licensee may cease) provided that such party
has given written notice to the party in breach to remedy the breach and the party in breach fails to do so within 30 days of such notice. 

6.6 Upon termination, HKEx-IS shall have the absolute right to terminate the transmission of the Information with immediate effect, the Licensee
shall cease to use the Information and disseminate the Information to Subscribers or to have the right to use the Information and disseminate the Information to Subscribers with immediate effect, and all sums due from the Licensee shall become
payable immediately to HKEx-IS. 
 6.7 Termination shall be without prejudice to the accrued rights of the parties. In addition, clauses
5.6, 5.10, 5.12, 6.8, 7 and 10 shall continue to have effect notwithstanding the termination of the rest of this Agreement. 
 6.8 The
Licensee acknowledges and agrees that HKEx-IS shall have the right to publish a list of all authorized licensees (including the Licensee). In addition, upon termination of a Datafeed or this Agreement, HKEx-IS shall have the right to inform
Subscribers that such Datafeed or this Agreement has been terminated. 
 6.9 For the avoidance of doubt, where this Agreement or a
relevant Datafeed is terminated during an incomplete month, the Licensee shall be responsible for the relevant License Fees as if such month was a complete month and no part of such License Fees shall be refundable to the Licensee, whether or not
such Licence Fees have been paid in advance. 
  

	7.	Exclusion of Liability and Indemnity 

7.1 Nothing in this clause 7 shall restrict or exclude liability of HKEx-IS or the Licensee in respect of death or personal injury resulting from
negligence. 

 7.2 Subject to the foregoing, none of HKEx-IS, the Exchanges, any other member of the HKEx Group or
any of their directors, officers, employees or agents shall be liable to the Licensee or any person claiming through the Licensee in respect of consequential, economic or any other loss or damage arising from any act or omission, mistake, delay,
interruption, arising from or in connection with (a) the collection, use or transmission of the Information by or to the Licensee or (b) the Information being inaccurate, incomplete or otherwise misleading or (c) any other services to
be provided by them pursuant to this Agreement, except to the extent of the wilful default, gross negligence or fraud of HKEx-IS, the Exchanges or any other member of the HKEx Group. Further the Licensee undertakes not to institute or attempt or
threaten to institute any proceedings in any jurisdiction in or outside Hong Kong against HKEx-IS, the Exchanges, any other member of the HKEx Group or any of their directors, officers, employees or agents for recovery of any of the aforesaid loss
suffered by the Licensee or by any other person or otherwise to maintain any claim against HKEx-IS, the Exchanges, any member of the HKEx Group or any of their directors, officers, employees or agents for or in respect of any of the aforesaid loss,
provided that the Licensee shall not be precluded from instituting proceedings in the event of the wilful default, gross negligence or fraud of HKEx-IS, the Exchanges or any other member of the HKEx Group. 

7.3 Subject to clause 7.1, the Licensee shall at all times hereafter indemnify and keep HKEx-IS, the Exchanges, all other members of the HKEx
Group and all of their directors, officers, employees or agents effectively indemnified on demand against and in respect of all liabilities, economic or other losses, damages, costs, claims, suits, demands, fees and expenses of whatsoever nature
which may be incurred by HKEx-IS, the Exchanges, any other member of the HKEx Group or any of their directors, officers, employees or agents towards or in relation to any person or which may be taken, made or claimed against HKEx-IS, the Exchanges,
any other member of the HKEx Group or any of their directors, officers, employees or agents by any person as a result of or in connection with or arising out of any act, omission, mistake, delay or interruption, on the part of the Licensee, or on
the part of HKEx-IS, the Exchanges, any other member of the HKEx Group or any of their directors, officers, employees or agents in relation to this Agreement, including (without prejudice to the generality of the foregoing) acts or omissions in
respect of or in connection with or arising out of the collection, use or transmission of the Information by or to the Licensee or arising from the Information being inaccurate, incomplete or otherwise misleading, except to the extent of the wilful
default, gross negligence or fraud of HKEx-IS, the Exchanges, any other member of the HKEx Group or any of their directors, officers, employees or agents. 
 7.4 The Licensee agrees to the exclusion of liability and indemnity under this clause 7 in favour of HKEx-IS, the Exchanges, other members of the HKEx Group and any of their directors, officers,
employees or agents in consideration of the Exchanges consenting to HKEx-IS entering into this Agreement. For the avoidance of doubt, clause 7 shall apply to HKEx-IS in its personal capacity as well as its capacity as agent under this Agreement, and
as trustee for the other members of the HKEx Group. 

 7.5 HKEx-IS shall not be obliged to procure the supply of Third Party Content nor shall it ensure the
accuracy, timeliness, reliability and completeness of any Third Party Content. 
  

	8.	Free Subscription for HKEx-IS 

 To enable
HKEx-IS to monitor the displayed services provided by the Licensee, the Licensee shall for the duration of this Agreement and free of charge allow HKEx-IS access to the Information by supplying to HKEx-IS the displayed services of the Licensee and
any relevant equipment by means of which it transmits the Information to its Subscribers as if HKEx-IS were a subscriber thereto. 
  

	9.	Notices 

 9.1 Any notices or other
documents to be given or served hereunder may be delivered by hand or sent by pre-paid post, facsimile transmission or e-mail to the party at its address, fax number or e-mail address set out in Schedule 1, as updated from time to time. The parties
intend to treat all electronic transmissions as original. The parties understand and agree to assume the inherent risks in communications made by way of electronic transmissions. 
 9.2 Any such notice or document shall be deemed to have been served:- 
 9.2.1 if delivered
by hand, at the time of delivery; or 
 9.2.2 if sent by ordinary pre-paid post, at the expiration of 3 working days after the postage pre-paid
envelope containing the same shall have been put into the post; or 
 9.2.3 if sent by facsimile transmission, when dispatched with a
transmission report showing that the entire fax was sent to the relevant fax number; or 
 9.2.4 if sent by e-mail, at the time of transmission,
provided that such e-mail is sent to the designated e-mail address and no failure message has been received. For the avoidance of doubt, designated e-mail address means, in relation to the Licensee the e-mail address specified in Schedule 1 (or as
notified to HKEx-IS from time to time in accordance with clause 9.4) and in relation to HKEx-IS the e-mail address as notified by HKEx-IS to the Licensee from time to time. 
 9.3 In proving such service it shall be sufficient to prove that delivery was made or that the envelope containing such notice or document was properly addressed and posted or that the facsimile
transmission or e-mail was properly addressed and dispatched as the case may be. 
 9.4 The Licensee shall immediately inform HKEx-IS by
notice in writing of any changes to any of the details of the Licensee (including, the address, fax number or e-mail of the Licensee) set out in Schedule 1. 

	10.	Proprietary Rights 

 10.1 The
Licensee hereby acknowledges that it has no entitlement to any proprietary rights including without limitation rights of copyright in and to the Information or the presentation of the Information (including any Third Party Content), which rights are
owned by or licensed to the Exchanges or owned by Third Party Content Providers. The Licensee acknowledges and HKEx-IS warrants that HKEx-IS is authorized by the Exchanges to supply and distribute the Information by way of this Agreement to the
Licensee. HKEx-IS warrants that the use of the Information under this Agreement shall not infringe the proprietary rights of the parties which own any such proprietary rights. 
 10.2 The Licensee may represent that it is supplying Information derived from the relevant Exchanges under a licence from HKEx-IS but shall not make any other use (save as required by clause 2.3)
of the Exchanges’ or HKEx-IS’s name or of any logos or other marks used by them. Upon termination of this Agreement, the Licensee shall immediately cease to make such representations and shall not make any other commercial use of such
marks. 
 10.3 The Licensee shall at all times treat the Information and any information ancillary thereto obtained pursuant to this
Agreement as confidential and shall not disclose such Information to any third party other than pursuant to the terms of this Agreement, irrespective of whether it is in the same format as supplied to the Licensee by the Exchanges, unless with prior
written approval from HKEx-IS. 
 10.4 The Licensee shall, upon suspecting any infringement of such rights as are described in this
clause 10, immediately notify HKEx-IS and thereafter provide such assistance as HKEx-IS or the Exchanges may reasonably request to protect their rights. 
 10.5 The Licensee agrees that this Agreement shall not constitute an assignment or transfer of any copyright or other intellectual property rights of whatsoever nature contained in the Information
and that the copyright or other intellectual property rights of whatever nature contained in the Information shall remain the property of the respective Exchanges and/or any Third Party Content Provider, as applicable. 

10.6 In respect of any Information which constitutes Third Party Content, HKEx-IS shall notify the Licensee if consent or authorization is
required from the Third Party Content Provider for redistributing such Third Party Content to any other person. In the event that such consent or authorization is required, the Licensee represents and warrants that it shall obtain such consent or
authorization accordingly and that its use of such Third Party Content as contemplated under this Agreement will not violate any applicable law, regulation, rule or infringe upon or violate the rights of the Third Party Content Provider. 

	11.	Amendments, Waivers and Enforceability 

11.1 Without prejudice to clauses 2.2, 4.9, 5.1.2 and 5.3 and paragraphs 3.1, 3.2 and 3.3 of the Direct Connection Annex herein, HKEx-IS may amend
this Agreement (including, without limitation, any relevant schedule or annex to this Agreement) at any time on 90 days’ written notice. In the event that the Licensee considers any such amendments to be unfavorable, it may terminate this
Agreement, the relevant Datafeed or the relevant type of services described in the Memorandum of Permitted Purpose on the date the amendment comes into effect, provided it gives HKEx-IS notice in writing within 30 days of the date of the notice of
HKEx-IS. Where the Memorandum of Permitted Purpose requires amendment due to the relevant type of services being terminated, HKEx-IS may, at any time after receiving the notice, issue a revised Memorandum of Permitted Purpose to re-define and/or
re-classify the services in question, which shall form a part of this Agreement and shall replace any then existing Memorandum of Permitted Purpose with effect from its date of issue by HKEx-IS. If no such notice is given by the Licensee to HKEx-IS,
the Licensee shall be deemed to have accepted the amendment made and agreed to be bound by the amendment. The prior written consent of HKEx-IS is required for any amendment to this Agreement proposed by the Licensee. 

11.2 In the event that an amendment of this Agreement (including, without limitation, the termination of a Datafeed) requires consequential
amendments to Schedule 3, HKEx-IS shall be entitled to make such amendment by way of issuing a revised Schedule 3, which shall for the avoidance of doubt form a part of this Agreement, and shall replace the then existing Schedule 3 with effect from
its date of issue by HKEx-IS. 
 11.3 No waiver or indulgence by any party to this Agreement shall be binding unless in writing and
signed by an authorised representative of such party, and in any event no waiver of one breach of any term or condition of this Agreement shall operate as a continuing waiver unless so expressed nor operate as a waiver of another breach of the same
or any other term or condition of this Agreement. 
 11.4 In the event that any provision in this Agreement is for any reason held to be
unenforceable, illegal or otherwise invalid, such provision shall not affect any other provisions of this Agreement, and the provision in question shall be construed in such reasonable manner as achieves the intention of the parties without being
invalid. 
  

	12.	Entire Agreement 

 12.1 This
Agreement sets out the entire agreement of the parties concerning the subject matter hereof and supersedes all prior agreements, negotiations, representations and proposals, whether written or oral. 

12.2 Each party acknowledges that, in entering into this Agreement, it has not relied on any express or implied representation, warranty,
collateral contract or other assurance made by or on behalf of the other party before entering into this Agreement. Each party waives all rights and remedies which, but for this clause 12.2, might otherwise be available to it in respect of any such
representation, warranty, collateral contract or other assurance. 

	13.	Governing Law 

 13.1 This Agreement
shall be governed by and construed in accordance with the laws of Hong Kong whose courts shall have non-exclusive jurisdiction in relation thereto. 
 13.2 Unless otherwise waived by HKEx-IS, the Licensee shall irrevocably appoint the person whose name and current address in Hong Kong are set forth in Schedule 1 as its agent to receive and
acknowledge on its behalf service of any writ, summons, order, judgment or other notice of legal process in Hong Kong. If for any reason such agent (or its successor) no longer serves as agent of the Licensee for this purpose, the Licensee shall
promptly appoint a successor agent and notify HKEx-IS thereof. The Licensee agrees that any such legal process shall be sufficiently served on it if delivered to such agent for service at its address for the time being in Hong Kong whether or not
such agent gives notice thereof to the Licensee. 

 IN WITNESS whereof the parties have entered into this Agreement the day and year first above written.

  

			
	SIGNED by Chan Ping Keung, Director	  	)
	for and on behalf of	  	)
	HKEx INFORMATION SERVICES LIMITED	  	)
	in the presence of :-     Poon Hon Cheung	  	)
		
	SIGNED by Chen Wu, Vice-President	  	)
	for and on behalf of	  	)
	FORTUNE SOFTWARE (BEIJING) CO., LTD	  	)
	in the presence of :-     Cui Wei	  	)

 SCHEDULE 1 
 The Licensee 
  

			
	 Name
	  	 Place of Incorporation

	FORTUNE SOFTWARE (BEIJING) CO., LTD	  	China
		
	Registered office (or equivalent) in place of incorporation and or, if registered under Part XI of the Companies Ordinance (Cap. 32), principal place of business in Hong
Kong	  	Address, fax number and e-mail for notices under clause 9
	12B11, Qingyundangdai Building, No. 9 Mantingfangyuan Community, Qingyunli, Haidian District, Beijing	  	Room 626, China National Precision Machinery I&E Corp. Beijing Aerospace CPMIEC Building, No. 3 Haidian South Road, Haidian District, Beijing, PRC
		
		  	 Attention: Zhao Zhiwei, Director

Fax No.:(86) 10 5832 5200
 E-mail
address:

 Name and address of process agent in Hong Kong 
 Daily Growth Securities Ltd 
 Rm3705, The Center, 

99 Queen’s Road Central 
 Attention:
Mr. Ivis Wong 
 HKEx-IS 
  

			
	Registered office (or equivalent) in place of incorporation and or, if registered under Part XI of the Companies Ordinance (Cap. 32), principal place of business in Hong
Kong	  	Address, fax number and e-mail for notices under clause 9
	 12th Floor, One International Finance Centre
 1 Harbour View Street
 Central, Hong Kong
	  	 12th Floor, One International Finance Centre
 1 Harbour View Street
 Central, Hong Kong
 Attention: Head of Market Data Department
 Fax No.: (852) 2877 2960

E-mail address: marketdata@hkex.com.hk

 SCHEDULE 2 
 Related Company Sub-Licensee 
 List of Sub-Licensees that are Related Companies of
the Licensee: 
  

					
	 Company Name
	  	 Address
	  	 Relationship with the Licensee
(with percentage stake)

	 Zhengning Information Technology (Shanghai) Co., Ltd
	  	To be confirmed	  	Related Company (100%)
	 Daily Growth Securities Limited
	  	To be confirmed	  	Related Company (100%)
	 Shenzhen Genius Information Technology Co., Ltd
	  	To be confirmed	  	Related Company (100%)

  

 SCHEDULE 3 
 Datafeed, Means of Supply, Source of Information, 
 Deposit,
Redistribution Fee, Connection Fee, Minimum Subscriber Fee, 
 Datafeed Commencement Date, Relevant Annex and Relevant
Transmission Specifications 
 ISSUE DATE: 12 April 2012 

 

																					
	 Type of
Information
	  	 Datafeed
	  	 Means of
Supply with
Source
of
Information
	  	Deposit	 	  	 Redistribution
Fee
	  	Connection
Fee	  	Minimum
Subscriber
Fee	  	 Datafeed
Commencement
Date
	  	 Relevant
Annex
	  	
Relevant
Transmission
Specification

	Securities Market Data	  	MDF real-time	  	Indirect through ET Net Limited (effective 1 Apr 2012)	  	$	200,000	  	  	$51,000 per quarter plus $45,000 extension of redistribution right to Sub-Licensee pursuant to clause 4.7.1 and Schedule 2	  	N/A	  	$6,000
per month	  	5 Dec 2011	  	 Indirect Connection Annex

Basic Market Prices Services Annex
	  	 MDF Datafeed System

-Transmission Specification

	Issuer News	  	IIS News	  	Indirect through ET Net Limited (effective 1 Apr 2012)	  	 	N/A	  	  	$45,000 per quarter with extension of redistribution right to Sub-Licensee pursuant to clause 4.7.1 and Schedule 2	  	N/A	  	N/A	  	1 Apr 2011	  	Indirect Connection Annex	  	 Issuer Information Feed Service

-Transmission Specification

	Total:	  	$	200,000	  	  	$141,000 per quarter	  	N/A	  	$6,000
per month	  		  		  	

 List of Indirect Connection Licensees 
 N/A 

 SCHEDULE 4 Memorandum of Permitted Purpose (ISSUE DATE: 1 April 2012)

 Approved Services of the Licensee and Applicable Subscriber Fees 

 

																											
	Name of Service with Type of End-User Device to access the Service	 	Start Date of Service	 	  

Subsisting Contract
 Required
	 	Relevant
Annex
	1. JRJ Web –Internet Service at
www.jrj.com.cn	 	 BMP Service – 5 Dec 2011

Delayed MDF, IIS News – 1 Apr 2012
	 	No	 	Basic Market Prices Service Annex
	  þ  Securities Market Data: MDF
	Continuous
Access	 	Per Quote Access	 	Per Unit Time	 	TV Service	 	Delayed Data	 	Basic Market 
Prices (BMP) Service
	 	 	 	 	 	 	 		 	 	 	 	 
	L1	 	L2	 	Pager (with transmission speed below 6250 bps)	 	L1	 	L2	 	L3	 	With capping ($250 per Subscriber Unit per month)	 	$0.10 per minute (Min/Max: $50 / $250 per month)	 	See HKEx website for fee schedule	 	L1 plus last 4 transactions	 	For Licensee only ($80,000 per month)	 	For Licencee and its Related Companies ($160,000 per month)	 	BMP Third Party Website
	($120 per Subscriber Unit per month)	 	($200 per Subscriber Unit per month)	 	($120 per Subscriber Unit per month)	 	($0.05 per quote)	 	($0.07 per quote)	 	($0.10 per quote)	 	 	 	 	 	 	 	  
 Third Party Website ($68,000 per month per website)
	 	  
 Listed
Company Website ($5,000 per month per website)

	 ̈
	 	 ̈	 	 ̈	 	 ̈	 	 ̈	 	 ̈	 	 ̈	 	 ̈	 	 ̈	 	þ	 	þ	 	 ̈	 	 ̈	 	 ̈

	
	   ̈  Derivatives Market Data:
		
		 	 ̈  PRS    Please indicate if the service
include:     ̈  HKFE data       ̈  Stock Options data
		
		 	 ̈  PRS Plus    Please indicate if the service
include:     ̈HKFE data       ̈  Stock Options data
		 		 		 		 		 		 		 		 		 		 		 		 		 	
	Continuous
Access	 	Per Quote Access	 	Per Unit Time	 	TV Service	 	Delayed Data	 	Basic Market Prices (BMP)
Service
	 	 	 	 	 	 		 	 	 	 	 
	L1	 	L2	 	Pager (with transmission speed below 6250 bps)	 	L1	 	L2	 	With capping ($95 per Subscriber Unit per month)	 	$0.03 per minute (Min/Max: $15 / $95 per month)	 	See HKEx website for fee schedule	 	L1	 	For Licensee only ($27,000 per month)	 	For Licencee and its Related Companies ($54,000 per month)	 	BMP Third Party Website
	  
 ($25 per
Subscriber Unit per month)
	 	  
 ($75 per Subscriber Unit per month)
	 	($5 per Subscriber Unit per month)	 	($0.01 per quote)	 	($0.03 per quote)	 	 	 	 	 	 	 	  
 Third Party Website ($23,000 per month per website)

	 ̈
	 	 ̈	 	 ̈	 	 ̈	 	 ̈	 	 ̈
	 	 ̈	 	 ̈	 	 ̈	 	 ̈	 	 ̈	 	 ̈

	  þ  Issuer News

 Memorandum of Permitted Purpose 

ISSUE DATE: 1 April 2012 
  

							
	Securities Market Data	 	Data Content	 	Derivatives Market Data	 	Data Content
	Continuous Access Level 1 (L1)	 	 Bid/ask, high/low, last traded price, nominal, cumulative
turnover/volume, opening/closing, IEV & IEP from auction trading session
  
	 	Continuous Access Without Price Depth (L1)	 	Bid/ask, high/low, traded price, bid/ask volume, calculated opening price (COP) if any,
trade volume, cumulative volume
	Continuous Access Level 2 (L2)	 	 L1 above plus 5 level order depth (aggregated no. and volume
(shares) of orders in the best 5 bid/ask queues); broker queue, last 4 transactions, freetext
  
	 	Continuous Access With Price Depth (L2)	 	L1 above plus 5 level order depth (aggregated no. and volume (shares) of the best 5
orders)
	 Pager (with
transmission speed below 6250 bps)
  
	 	 Same as Continuous Access Level 2 (L2)

 
	 	Pager (with transmission speed below 6250 bps)	 	Same as Continuous Access Without Price Depth (L1)
	Per Quote Access Level 1	 	 Bid/ask, high/low, last traded price, nominal, cumulative
turnover/volume, opening/closing, IEV & IEP from auction trading session
  
	 	Per Quote Access Without Price Depth (L1)	 	Bid/ask, high/low, traded price, bid/ask volume, calculated opening price (COP) if any,
trade volume, cumulative volume
	Per Quote Access Level 2	 	 L1 plus 5 level order depth (aggregated no. and volume (shares)
of orders in the best 5 bid/ask queues)
  
	 	Per Quote Access With Price Depth (L2)	 	L1 above plus 5 level order depth (aggregated no. and volume (shares) of the best 5
orders)
	Per Quote Access Level 3	 	 L2 plus broker queues, last 4 transactions and
freetext
  
	 	 	 	 
	Per Unit Time	 	Same as Per Quote Access Level 3	 	Per Unit Time	 	 L1 above plus 5 level order depth (aggregated
no. and volume (shares) of the best 5 orders)
  

	TV Service	 	 Same as Continuous Access Level 1 (L1) subject to following
limitations:
 -Information transmitted shall not exceed 150 securities at any one time
 -The information shall be made available by a “play-list” of screens which shall have a scrolling time (from start to finish of each cycle) of not less than 90 seconds

Information shall be made available to Subscribers on a pre-programmed transmission-only basis, and shall not be used in relation to the provision of any
interactive services
  
	 	TV Service	 	 Same as Continuous Access Without Price Depth
(L1) subject to following limitation:
 - Information shall be made available to Subscribers on a pre-programmed transmission-only basis, and
shall not be used in relation to the provision of any interactive services

	Delayed Data	 	 Bid/ask, high/low, last traded price, nominal, cumulative
turnover/volume, opening/closing, IEV & IEP from auction trading session, last 4 transactions
  
	 	Delayed Data	 	Bid/ask, high/low, traded price, bid/ask volume, calculated opening price (COP) if any,
trade volume, cumulative volume
	Basic Market Prices (BMP)	 	 Nominal/last traded price, closing price, high/low prices,
trading volume, turnover value, IEV & IEP from auction trading session.
  
	 	Basic Market Prices (BMP)	 	last trade price, closing price, high/low price, trading volume & turnover of
individual futures and options contract series

 SCHEDULE 5 
 Licence Fees 
  

	1.	Licence Fee Payable 

 The Licence Fee (set
out in the Memorandum of Permitted Purpose) is comprised of the “Redistribution Fee”, the “Connection Fee” and the “Subscriber Fee” (as applicable). The Licence Fee is computed based on the Fee Schedule. 

 

	2.	Discretion to Introduce Additional Licence Fees 

 Subject to clause 5.3, HKEx-IS shall have sole discretion to determine the types of service in relation to which Licence Fees are payable and reserves the right to introduce additional Licence Fees for
any types of service, including without limitation services for which no Licence Fees are for the time being payable. 
  

	3.	HKEx-IS Decision Is Final 

 Subject to
clause 5.3, HKEx-IS shall have sole discretion to determine from time to time without giving reasons the applicable Subscriber Fees for an approved service provided by the Licensee and the amount of Licence Fees payable by the Licensee.
HKEx-IS’ decision shall be final. 
  

	4.	Subscriber Units 

 4.1 For the
purposes of calculating Subscriber Fees, the number of “Subscriber Units” shall, in relation to any single Subscriber during any one month, be the number of End User Receptors on the Specified Date (or if the number is variable on
that date, the maximum number of End User Receptors for that day) permitted to access the Information by means of Licensee-derived authorization. Such authorization shall include but shall not be limited to passwords, user ID logons, access codes or
security codes or any more general means of authorization such as those granted ‘en bloc’ to a specified maximum number of individual users and/or regulated by remote on-line audit tools without using passwords or the like. 

“End User Receptor” shall for this purpose mean any person or point to which Licensee-derived Information is imparted so that the
Information may be perceived or processed otherwise than for the sole purpose of re-disseminating the Information and shall include, without limitation: 
 4.1.1 any device by means of which the Information can be perceived by humans, including but not limited to dedicated terminals, portable computers, wallboards, paging devices and mobile phones; and

 4.1.2 any other type of device by means of which the Information is processed; and 
 4.1.3 any individual employed or otherwise directly controlled by the Subscriber who has authorization to access the Information otherwise than by means of an authorized device of the type described at
paragraph 4.1.1 or 4.1.2 and each end-user receptor shall count as one Subscriber Unit. 

 4.2 In relation to Subscriber Fees, if the amount of Subscriber Fees in respect of a Datafeed does
not exceed the Minimum Subscriber Fee payable for that month as specified in Schedule 3, the Licensee shall be responsible for paying the Minimum Subscriber Fee. 
  

	5.	Discounts and Delayed Information 

 5.1
The following discounts are applicable in relation to Subscriber Fees: 
 5.1.1 Securities Market Data 

In relation to Securities Market Data, where there are more than 30 Subscriber Units (excluding unauthorized End User Receptors) in relation to any one
Subscriber and each Subscriber Unit receives the same type of continuous access service for Securities Market Data throughout a particular month, the Subscriber Fees for that month in respect of such Subscriber Units shall be discounted as follows:

  

					
	No. of Subscriber Units	  	Discount	 
	 31 to 60
	  	 	10	% 
	 61 to 90
	  	 	15	% 
	 91 to 500
	  	 	20	% 
	 501 to 1000
	  	 	40	% 
	 1001 or more
	  	 	65	% 

 5.1.2 Derivatives Market Data 
 In relation to Derivatives Market Data, the Licensee shall receive the following discount on Subscriber Fees based on the number of Subscribers that carry continuous access L1 data (excluding unauthorized
end-user receptors): 
  

			
	Number of End User Receptors	  	Discount
	 Up to and including 30
	  	Nil
	 31-60
	  	10% discount
	 61-90
	  	15% discount
	 more than 90
	  	20% discount

 5.1.3 IIS News and Delayed Information 
 No Subscriber Fees are payable in respect of IIS News and Delayed Information. Accordingly, clauses 5.5, 5.6, 5.7, 5.8 and 5.12 shall not apply, but only in respect of IIS News and Delayed Information.

  

	5.2	Discounts must be claimed no later than the time due for submitting the relevant Subscriber Report. 

 5.3 Each display of Delayed Information shall be conspicuously exhibited with a statement indicating
that the Information is delayed Information. 
  

	6.	News Reporting Services 

 Subject to
paragraph 2, no fee is payable for the dissemination of Information by the Licensee which is in the nature of news reporting. 
  

	7.	Times when Payments are Due 

 7.1
The Redistribution Fee and the Connection Fee for the first Quarter shall become payable as soon as the Licensee begins disseminating the Information to Subscribers or, if sooner, at the expiry of two complete calendar months from the Datafeed
Commencement Date irrespective of whether the Licensee has begun disseminating the Information to Subscribers, provided that where the Redistribution Fee and the Connection Fee become payable for the first Quarter other than at the commencement of
the relevant Quarter, the Redistribution Fee and the Connection Fee will be reduced by one third for each complete month elapsed; and thereafter each Redistribution Fee and the Connection Fee shall be payable on or prior to commencement of the
Quarter to which that Redistribution Fee and the Connection Fee relates. 
 7.2 The Licensee’s first Subscriber Fee shall become
payable at the expiry of the first month during which it begins disseminating the Information to Subscribers or, if sooner, at the expiry of four complete calendar months from the Datafeed Commencement Date irrespective of whether Licensee has begun
disseminating the Information to Subscribers. Thereafter Subscriber Fees shall become payable from the date when the Subscriber Report describing those Subscriber Fees is due to be provided pursuant to clause 5.5 of this Agreement. 

 

	8.	Taxes 

 All Licence Fees payable to
HKEx-IS shall be net of any taxes and without any deduction whatsoever (including, without limitation any withholding taxes). The Licensee shall be responsible for all applicable sales, use and withholding taxes, levies, imposts, duties, fees,
assessments or other charges of whatever nature that may be imposed by any jurisdiction, department, agency, state or relevant taxing authority. 
  

	9.	Redistribution Fee 

 If the Licensee
intends to amend the manner in which it provides Information in accordance with clause 2.3, which involves providing Delayed Information instead of providing Information on a real-time basis, the Licensee shall be responsible for the existing
Redistribution Fee and the existing Minimum Subscriber Fee payable for the relevant Datafeed (as set out in Schedule 3) for a period of 90 days from the date that HKEx-IS provides written consent to such amendment. If the Licensee intends to amend
the manner in which it provides Information in accordance with clause 2.3, which involves providing Information on a real-time basis instead of providing Delayed Information, the Licensee shall be responsible for an increased Redistribution Fee and
the Minimum Subscriber Fee payable for the relevant Datafeed (as set out in a revised Schedule 3 issued by HKEx-IS) from the date that HKEx-IS provides written consent to such amendment or from the date when the modified services are introduced, if
later. 

 BASIC MARKET PRICES SERVICE ANNEX 

 

	1.	Scope of Applicability 

 This Basic Market
Prices Service Annex shall supplement and amend clauses 2 to 13, in the context of and only to the extent that Licensees are permitted to use the Basic Information for provision of the Basic Market Prices Service according to the terms set out in
this Annex. In the event of any conflict or inconsistency between the paragraphs contained in this Basic Market Prices Service Annex and clauses 2 to 13 in relation to the use of the Basic Information for provision of the Basic Market Prices
Service, the paragraphs contained in this Basic Market Prices Service Annex shall prevail. 
  

	2.	Interpretation 

 In this Basic Market
Prices Service Annex, unless otherwise expressed or required by the context, the following expressions shall have the following meanings:- 
  

			
	Expressions	  	Meanings
	“Basic Information”	  	Information which has been processed to be made available to Subscribers pursuant to this Annex and more specifically stated in paragraph 4.1.
	“Basic Market Prices Service”	  	the service of providing real-time Basic Information within the scope of the Permitted Purpose.
	“BMP Sub-Licensee”	  	a third party which has been granted a sub-licence by the Licensee and approved by HKEx-IS pursuant to paragraph 4.3 below.
	“BMP Third Party Website”	  	a third party’s Internet website where the Basic Market Prices Service is provided.
	“BMP Third Party Website Service”	  	the service offered through a BMP Third Party Website, as more particularly set out in paragraph 5 below and the Memorandum of Permitted Purpose.
	“Service Platform”	  	means any website, mobile web, mobile phone, personal assistant device, smart phone application, interactive TV, pager and any other platform approved by HKEx-IS.

  

	3.	Clauses Disapplied 

 Where the Licensee
provides the Basic Market Prices Service, clauses 4.3, 5.7, paragraphs 4.1, 5 and 6 of Schedule 5 (License Fees) shall not apply, but only in respect of the Basic Market Prices Service. 

	4.	Service and Use Restrictions 

 4.1
Basic Information shall be comprised of the following data content for the relevant markets: 
 4.1.1 Securities Market: nominal/last
traded price, closing price, today’s high/low prices, trading volume, turnover value, Indicative Equilibrium Price (IEP) and Indicative Equilibrium Volume (IEV) during the pre-opening session of individual securities on the Stock Exchange.

 4.1.2 Derivatives Market: last traded price, closing price, high/low price, trading volume & turnover of individual futures
and options contract series on the Futures Exchange as well as individual stock options contract series on the Stock Exchange. 
 4.2 The
Licensee may access and use the Basic Information and disseminate the Basic Information to Subscribers according to the Memorandum of Permitted Purpose and paragraph 5 below, provided that it pays to HKEx-IS all applicable Licence Fees. Except as
otherwise permitted in clause 4.7 and paragraphs 4.3 and 4.4 below, the Licensee may not assign, transfer or sub-licence the right to disseminate the Basic Information to any other person. 
 4.3 In respect of the Basic Market Prices Service, in addition to clause 4.7.2 and as amended below, the Licensee may sub-licence the right to disseminate Basic Information to such other third
parties which have an established business relationship with the Licensee to provide support for Licensee’s provision of the Basic Market Prices Service, and are approved in advance in writing by HKEx-IS (the details of approved third parties
are more particularly set out in the Appendix of this Annex, as amended from time to time). HKEx-IS shall have complete discretion as to the terms on which it agrees to such sub-licence. Without prejudice to the foregoing, unless expressly otherwise
agreed by HKEx-IS: 
 (i) the Licensee shall give HKEx-IS prior notice of the sub-licensing together with evidence, to the satisfaction of
HKEx-IS, that the sub-licensee has an established business relationship with the Licensee, 
 (ii) the sub-licence shall terminate upon the
termination of the business relationship between the third party and the Licensee, 
 (iii) the sub-licence shall impose on the third party all
the restrictions and obligations imposed on the Licensee by this Agreement relating to the use and dissemination of the Basic Information except that no such third party shall be liable to pay any Licence Fees in addition to those payable by the
Licensee pursuant to sub-paragraph (vi), 
 (iv) the Licensee shall, as part of its obligations under clause 5.6, procure that HKEx-IS shall be
deemed to have the same rights under clause 5.6 against a BMP Sub-Licensee, 
 (v) the Licensee shall be personally liable hereunder for any
breach by such third party of such restrictions or obligations, so that such breach shall be treated as a breach of this Agreement by the Licensee, and 

 (vi) the Licensee shall, as part of its obligations under clause 5, be directly responsible for providing
payments and statements on behalf of any such third party as well as for itself, by way of a single consolidated statement which consolidated statement shall nevertheless also provide a breakdown of relevant payments and other information ascribable
to each third party. 
 For the avoidance of doubt, notwithstanding the aforesaid, clause 4.7.2 (iii) shall not apply to the Basic Market
Prices Service at any time. 
 4.4 In respect of the Basic Market Prices Service, in addition to clause 4.7.1, the Licensee may only
sub-licence the right to disseminate the Basic Information to such Related Companies which are approved in advance in writing by HKEx-IS (the details of approved Related Companies are more particularly set out in the Appendix of this Annex, as
amended from time to time). HKEx-IS may, in respect of any sub-licence granted to Related Companies for the Basic Market Prices Service, at any time by notice in writing given to the Licensee either require the Licensee to terminate such sub-licence
or impose further conditions in respect of such sub-licence. 
 4.5 For the avoidance of doubt, the Licensee is charged on the basis of a
monthly flat fee for the provision of the Basic Market Prices Service on its own Service Platforms, which include the Service Platforms of Related Companies and of any BMP Sub-Licensee. If the Basic Market Prices Service is offered on a website
registered in the name of or owned by a third party or on a webpage of Licensee’s website or that shares the same URL of the Licensee, which webpage is prominently branded as the service of a third party, it shall be considered a BMP Third
Party Website Service as specified in detail in paragraph 5 below and shall be subject to payment of a Subscriber Fee per website as specified in the Memorandum of Permitted Purpose. 
 4.6 Any update of the data content of the BMP Service shall only be provided on snapshot basis. For the avoidance of doubt, snapshot basis means that a Subscriber may only manually request the
Basic Information of a selected security, futures contract or options contract per request and the command for making a request shall be contained within the Licensee’s Service Platform. 

 

	5.	BMP Third Party Website Service 

 5.1
The Licensee shall procure that the BMP Third Party Website shall under no circumstances be entitled to assign, transfer or sub-licence the right to disseminate the Basic Information to Subscribers, to any other person. Without prejudice and in
addition to its rights under clause 4.6, HKEx-IS shall be deemed to have the same rights under clause 4.6 against the BMP Third Party Website. 

 5.2 The Licensee shall ensure that the BMP Third Party Website prominently displays on the relevant
quotation portion of its website, the Licensee’s logo and a statement that the Basic Information is provided by the Licensee. The Licensee shall ensure that the BMP Third Party Website includes a disclaimer in the same form as the disclaimer
set out in clause 2.4 in its terms and conditions and, where technically possible, transmit the disclaimer set out in clause 2.4 to Subscribers in the manner set out in clause 2.5. 
 5.3 The Licensee shall procure that the Basic Information shall be in transit at all times. Under no circumstances shall Basic Information reside in the BMP Third Party Website’s computer
system or database. In the event that the BMP Third Party Website requires physical access to Basic Information and/or wishes to make available the Basic Information in its own name, the BMP Third Party Website shall enter into a separate Market
Data Vendor Licence Agreement with HKEx-IS. 
 5.4 Without prejudice and in addition to its obligations under clause 5, the Licensee
shall maintain accurate records and the location/URL of any BMP Third Party Website that is provided with BMP Third Party Website Service by the Licensee. 
 5.5 Without prejudice and in addition to clause 7.3, the Licensee will at all times hereafter indemnify and keep HKEx-IS, the Exchanges, all other members of the HKEx Group and all of their
directors, officers, employees or agents effectively indemnified on demand against and in respect of all liabilities, economic or other losses, damages, costs, claims, suits, demands, fees and expenses of whatsoever nature which may be incurred by
HKEx-IS, the Exchanges, any other member of the HKEx Group or any of their directors, officers, employees or agents towards or in relation to any person or which may be taken, made or claimed against HKEx-IS, the Exchanges, any other member of the
HKEx Group or any of their directors, officers, employees or agents by any person as a result of or in connection with or arising out of any act, omission, mistake, delay or interruption of the operators of the BMP Third Party Website, except to the
extent of the wilful default, gross negligence or fraud of HKEx-IS, the Exchanges, any other member of the HKEx Group or any of their directors, officers, employees or agents. 

 INDIRECT CONNECTION ANNEX 
 1. Scope of Applicability 
 This Indirect Connection Annex shall supplement and amend
clauses 2 to 13, in the context of and only to the extent that Licensees receive Information from an Indirect Connection, but not otherwise. In the event of any conflict or inconsistency between the paragraphs contained in this Indirect Connection
Annex and clauses 2 to 13 in relation to Information received from an Indirect Connection, the paragraphs contained in this Indirect Connection Annex shall prevail. 
 2. Interpretation 
 In this Indirect Connection Annex, unless otherwise expressed or
required by the context, the following expressions shall have the following meanings:- 
  

			
	Expressions	  	Meanings
	“Direct Connection”	  	a direct connection to HKEx-IS’s computer information systems.
	“Direct Connection Licensee”	  	a licensee which has been granted the permission to receive Information from a Direct Connection.
	“Indirect Connection”	  	a connection to receive Information from HKEx-IS’s computer information systems through a Direct Connection Licensee.

 3. Clauses Disapplied 
 Clauses 4.7.2, 4.7.3 and 6.2 and the first sentence of clause 2.2 shall not apply. 
 4.
Transmission of Information 
 4.1 HKEx-IS hereby grants the Licensee permission to receive the Datafeed from the Direct Connection
Licensees specified in Schedule 3 only. 
 4.2 The Licensee acknowledges that under the agreement between HKEx-IS and the Direct
Connection License, the Direct Connection Licensee is prohibited from providing a Datafeed to the Licensee unless with the prior written approval of HKEx-IS. 
 4.3 The Licensee further acknowledges that it is prohibited from entering, and agrees that it shall not enter, into any agreement or arrangement to receive the Datafeed from any other Direct
Connection Licensee, unless with the prior written approval of HKEx-IS. 
 4.4 If the Licensee does not receive a Datafeed from HKEx-IS
directly but exclusively through the Direct Connection Licensee, the Licensee agrees that HKEx-IS shall not be liable or responsible for making the relevant Datafeed available to the Licensee. For the avoidance of doubt, the Licensee further agrees
that any interruption or failure of the Datafeed for whatever reason shall not affect the Licensee’s obligations to pay the Licence Fees to HKEx-IS under clause 5. 

 4.5 The Licensee undertakes to immediately notify HKEx-IS in writing in the event that it ceases to
receive a Datafeed from a Direct Connection Licensee for any reason and to immediately notify HKEx-IS of any action it plans to take to replace the Direct Connection Licensee or to adopt or designate an alternative source of Information. 

4.6 HKEx-IS shall have the right to require the Licensee to cease receiving the Datafeed from a Direct Connection Licensee and to supply such
proof as HKEx-IS may reasonably require that the Licensee has ceased to receive such Datafeed. 
 5. Delayed Information 

5.1 In addition to paragraph 3, where the Licensee only receives Delayed Information, clauses 4.7.1, 5.5, 5.6. 5.7, 5.8 and 5.12 shall not apply,
but only in respect of Delayed Information. 
 5.2 Where the Licensee disseminates Delayed Information, each display of Delayed
Information shall conspicuously exhibit a clear statement that such Information is Delayed Information. 
 6. IIS News 

In addition to paragraph 3, where the Licensee receives Information from the Direct Connection Licensee which includes IIS News, clauses 5.5, 5.6, 5.7,
5.8 and 5.12 shall not apply, but only in respect of IIS News. 
 7. Termination 
 If for any reason the Information or parts thereof are not supplied to all Direct Connection Licensees (including the Direct Connection Licensee specified in Schedule 3) for a period in excess of 10
consecutive working days on which the Stock Exchange is open for the business of trading in 
 Securities/the Futures Exchange is open for the
business of trading Futures Contracts (as applicable), the Licensee shall be entitled to terminate this Agreement or the Datafeed relating to such Information immediately by written notice, provided that the Licensee shall not be entitled to such
termination if the Information or parts thereof which are not supplied is Third Party Content only. In such event, HKEx-IS shall be liable to compensate the Licensee for loss arising from such non-transmission, but its liability shall be limited to
the amount of the Licence Fees payable for the Information or parts thereof not transmitted. The Licensee’s rights in respect of Licence Fees paid in advance under clause 5.4 shall arise where the Licensee ceases to use Information or parts
thereof or terminates this Agreement pursuant to this paragraph 7, but only in respect of relevant Licence Fees.Consulting Agreement

 Exhibit 10.15 
 CONSULTING AGREEMENT 
 DATED August 30, 2009 

INVERNESS MEDICAL SWITZERLAND GMBH 
 And 
 CITROS V.O.F. 

  
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 CONSULTING AGREEMENT 

THIS AGREEMENT (the Agreement) is made on August 30th 2009 BETWEEN 
 BETWEEN: 
  

	(1)	Inverness Medical Switzerland GmbH, a business based in Switzerland whose address is Bahnhofstrasse 28, CH-6300 Zug, Switzerland (Swissco); and

  

	(2)	Citros V.O.F. (RPR Number be 0811 511 896 (Ghent)) whose registered office is at Pontstraat 87, 9831 Sint-Martens-Latem (Deurle), (the Consultant).

 BACKGROUND 
  

	 	A.	Swissco is the owner of certain trademarks and brands of medical diagnostic products and health management services, and is a part of the Inverness Medical Innovations,
Inc. (collectively with its subsidiaries, Inverness) group of Companies which develops, manufactures and sells these medical diagnostic products and services throughout the world. 

 

	 	B.	Consultant is a company active in the area of providing services related to the distribution and marketing of medical products and the development of medical products
(the Services). 

  

	 	C.	This Agreement sets out the terms and conditions that will apply to provision by Consultant of Services to and for the benefit of Swissco. 

 

	 	D.	The parties acknowledge that Services have been provided by Consultant to Swissco pursuant to the terms set forth in this Agreement since April 2009.

 IT IS AGREED: 
  

	1.	SERVICES 

  

	1.1	The Parties hereby agree that the Consultant shall provide services to the Swissco as set out in Schedule 1 of this Agreement (the Services), independently and
under the conditions set out in this Agreement. 

  

	1.2	Consultant shall ensure that all persons involved in the provision of the Services shall be appropriately qualified and it is understood the Services shall be provided
mainly by Hilde Eylenbosch in her capacity as a representative of Consultant. 

  

	1.3	Consultant shall provide the Services with all the skill, care, and diligence to be expected of a professional provider of services similar to the Services.

  

	2.	METHOD OF PERFORMANCE 

  

	2.1	Consultant will act in as an independent contractor and will provide the Services completely independently from Swissco and will plan activities at her own discretion.

 The Parties acknowledge and agree that the performance of this Agreement and the ensuing business relationship
shall not create an employment relationship between 

  
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Consultant or any of its representatives and Swissco or any affiliate under Swiss or Belgian law regardless of whether the role played by Hilde Eylenbosch as an officer of Inverness Medical
Innovations could be considered an employment relationship under U.S. law. 
 Swissco expressly waives its right to exercise any
authority over Consultant, which could lead to the existence of a link of subordination. 
  

	2.2	Consultant shall determine its own working hours and project planning, however, under applicable law regulations, Swissco can consult with the Consultant and provide
indications of expected outcome on projects and give instructions accordingly in respect of working time and implementation of the agreed work. Consultant must comply with all legal provisions that apply to a consultant under this Agreement,
including VAT. 

  

	3.	PRICE AND PAYMENT 

  

	3.1	As consideration for the Services, Swissco will pay to Consultant an annual fee of EUR 371,000.00 (excluding VAT) (the Fee). The Fee will be paid in twelve
(12) equal monthly instalments. 

  

	3.2	Consultant will invoice 1/12th of the Fee monthly to Swissco. Invoices are payable within one month after the date of the invoice. 

 

	3.3	To enable Swissco to process invoices correctly and in a timely manner, Consultant will provide the following information on the invoices: 

 

	 	•	 	 the name and address of Consultant; 

  

	 	•	 	 the VAT number of the Consultant; 

  

	 	•	 	 the registered number of Consultant; 

  

	 	•	 	 the date and number of the invoice; 

  

	 	•	 	 the name and address of Swissco; 

  

	 	•	 	 a detailed description of the Services; and 

  

	 	•	 	 the bank account number of the Consultant. 

  

	3.4	The Parties agree that the Fee represents full payment for all Services performed under the Agreement. 

 

	3.5	In providing the Services, Consultant shall cooperate with Swissco and respect at all times (i) Swissco’s business practices and business conduct guidelines
and (ii) the applicable laws and regulations. 

  

	3.6	Without prejudice to Article 3.7 below, Consultant shall devote substantially all its business time, energy and skills to the performance of the Services, on a minimum
of 200 full business days in each calendar year. 

  

	3.7	Consultant may supply services to third parties, provided that: 

  

	 	(a)	these third parties are not competitors of Inverness, and do not have an adverse impact on the reputation of Inverness; and 

 

	 	(b)	the services have no negative impact on the performance of this Agreement or on Inverness’ businesses. 

  
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	4.	REIMBURSEMENT OF EXPENSES 

  

	4.1	Swissco will reimburse Consultant for expenses incurred in providing the Services if these are reasonable and necessary (for example travel costs and
representation/entertainment costs) if Consultant provides supporting evidence in relation thereto. In addition, travel and other expenses shall be incurred in compliance with the expenses reimbursement policies of Swissco, copies of which have been
provided to Consultant. 

  

	5.	WELL-BEING AT WORK 

  

	5.1	The Consultant will comply with and apply Swissco’s safety standards. 

 

	6.	TERM AND TERMINATION 

  

	6.1	The Agreement will take effect on the date the Agreement is signed by the Parties (the Date of the Agreement). 

 

	6.2	Without prejudice to clauses 6.4 and 6.5 hereof, the Agreement will have an initial term of two years from the Date of the Agreement (the Initial Term) and, upon
expiration of the Initial Term, will be automatically extended by successive one-year periods unless either Party terminates the Agreement in accordance with clause 6.3. 

 

	6.3.	Without prejudice to clauses 6.4 and 6.5 hereof, after the expiration of the Initial Term, each Party can terminate the Agreement at any time, by registered letter
subject to prior written notice sent: 

  

	 	(c)	180 days in advance, if termination occurs in the period between the beginning of the third and the end of the fifth year from the Date of the Agreement; and

  

	 	(d)	360 days in advance, if termination occurs after the beginning of the sixth year as from the Date of the Agreement. 

 

	6.4	Each Party can terminate the Agreement at any time, by registered letter, without notice or indemnity, if any of the following events occurs 

 

	 	(a)	a serious contractual breach by the other Party. Serious contractual breaches include a breach of the non-competition clause, the loyalty clause, the confidentiality
clause or the ownership of Developments clause or a failure to perform the Services if that failure is not remedied within one month after the date of the other Party’s notice of default; or 

 

	 	(b)	a Party is involved in a dissolution, bankruptcy or settlement procedure or a Party becomes insolvent. 

 

	6.5	Should Consultant or its representative Hilde Eylenbosch be unavailable or unable to provide Services, for whatever reason, for more than 4 weeks, Swissco may suspend
the Agreement. In the case of such unavailability of the Consultant or its representative Hilde Eylenbosch for more than 6 weeks, Swissco may choose to terminate the Agreement without termination notice or payment of compensation by Swissco to
Consultant. 

  
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	7.	NON-COMPETITION AND POACHING 

  

	7.1	Consultant will not, for any reason, directly or indirectly, in any capacity (on her own behalf or as owner, manager, shareholder, consultant, director, officer,
partner or employee of any business entity or in any other capacity whatsoever), participate, develop activities or engage in any business or activity which competes directly with Inverness’ activities or planned activities during the term of
the Agreement and for one (1) year after the termination of the Agreement. 

  

	7.2	Consultant will not during the term of the Agreement and for a period of one (1) year following its termination: 

 

	 	(a)	encourage, solicit, induce any Inverness personnel to end their relationship with Inverness; or 

 

	 	(b)	encourage a client, supplier, agent, franchisee, network supplier or any other contract Party to end its relationship with Inverness or breach or modify the conditions
of the relationship in a way that is disadvantageous to Inverness. 

  

	7.3	If Consultant breaches this non-competition clause, it risks a compensation equal to the Fee 

 

	8.	LOYALTY 

 Consultant will
not have any interest in or supply services to any company if this could result in a conflict of interest with Inverness or disrupt performance of the Agreement. 
  

	9.	CONFIDENTIALITY 

  

	9.1	In the performance of the Agreement, Consultant will have access to confidential information of Inverness, including trade secrets, proprietary information, inventions
and developments, customer lists, business plans and all other data or information (and any tangible evidence, record or representation thereof), whether prepared, conceived or developed by an employee of Inverness or received by Inverness from an
outside source, that is in the possession of Inverness and that is maintained in confidence by Inverness or might permit Inverness or its customers to obtain a competitive advantage over competitors who do not have access to such information
(collectively, the Confidential Information). 

  

	9.2	During this Agreement, Consultant shall use and disclose Confidential Information only to the extent necessary to perform its duties under this Agreement and for the
sole benefit of the Swissco, and, in any event, shall not disclose any Confidential Information to any person or entity outside Inverness, except as authorised pursuant to a confidentiality agreement or with the prior written direction or written
permission of a duly authorised officer of Swissco. After the termination of this Agreement, the Consultant shall not disclose to any person or entity, or make use of, any Confidential Information without the prior written permission of a duly
authorised officer of Swissco. This provision shall not apply to any Confidential Information that Swissco has voluntarily disclosed to the public or that has otherwise legally entered the public domain. 

 

	9.3	Consultant acknowledges that Inverness has from time to time in its possession information that is claimed by others to be proprietary and that Inverness has agreed to
keep confidential. Consultant agrees that all such information shall be Confidential Information for the purposes of this Agreement. 

  
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	9.4	The Confidential Information cannot be used for Consultant’s own benefit or for the benefit of any person or entity other than Inverness. 

 

	9.5	Consultant acknowledges that improper disclosure or use of the Confidential Information would cause the Swissco substantial loss, damage and irreparable harm. If any
provision is breached, Consultant will pay to Swissco on its first request, a lump sum compensation equal to two times the Fee, without prejudice to any claim that Swissco may have for additional damages if further loss is suffered.

  

	10.	INFORMATION CONCERNING SWISSCO 

  

	10.1	During the Agreement, Consultant agrees to grant immediate and free access to Swissco to all documents it possesses, whether in written, electronic or magnetic form,
which contain information about Swissco or Inverness or transactions planned by Swissco or Inverness. 

  

	10.2	At the end of the Agreement, Consultant will immediately return to the Swissco, all documents it possesses, whether in written, electronic or magnetic form, which
contains information about Inverness or any activity or transaction of Inverness. 

  

	11.	OWNERSHIP OF DEVELOPMENTS 

  

	11.1	Consultant acknowledges and agrees that any Confidential Information and all other discoveries, inventions, ideas, concepts, processes, products, methods, works,
software products, databases, distinctive signs and improvements, or parts thereof, conceived, developed, or otherwise made by the Consultant, alone or jointly with others and relating to the Inverness’ present or proposed products (with the
explicit exception of any product/service/invention/algorithm related to the diagnosis and /or treatment of diabetes, which exception shall be in effect for so long as Inverness is prohibited from participating in the diabetes business, but not
thereafter), programs or services or to tasks assigned to the Consultant during the course of this Agreement, whether or not subject to copyright, trademark, database, software or patent protection and whether or not reduced to tangible form or
reduced to practice, during the duration of this Agreement with Swissco (the Developments) shall be the sole property of Swissco. In accordance with this clause, the Consultant shall take all necessary steps to procure the assignment to
Swissco of the Developments of any third parties which have been conceived, developed or otherwise made with the Consultant. 

  

	11.2	Consultant represents and warrants that it does not and will not claim rights in, or otherwise exclude from this Agreement, any Development (with the explicit exception
of any product/service/invention/algorithm related to the diagnosis and /or treatment of diabetes, which exception shall be in effect for so long as Inverness is prohibited from participating in the diabetes business, but not thereafter).

  

	11.3	 All originals and all copies of all drawings, prints, diagrams, notes, memoranda, and other materials and writings containing, representing,
evidencing, recording, or constituting any Confidential Information or Developments (with the explicit exception of any product/service/invention/algorithm related to the diagnosis and /or treatment of diabetes, which exception shall be in effect
for so long as Inverness is prohibited from 

  
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participating in the diabetes business, but not thereafter), however and whenever produced (whether by the Consultant or others), and whether or not patentable or subject to copyright protection,
shall be the sole property of Swissco and shall be returned to the Swissco upon the termination of this Agreement for any reason. 

  

	11.4	Consultant hereby assigns and, to the extent any such assignment cannot be made at present, agrees to assign to Swissco all of its right, title and interest in such
Developments (with the explicit exception of any product/service/invention/algorithm related to the diagnosis and /or treatment of diabetes, which exception shall be in effect for so long as Inverness is prohibited from participating in the diabetes
business, but not thereafter) and in all copyrights, patents, trademarks, database rights, software rights and other proprietary rights that Consultant may have in any such Development, together with the right to file for or own wholly without
restriction patents, trademarks and copyrights with respect thereto. 

  

	11.5	During and after the term of this Agreement, Consultant shall execute, acknowledge, seal and deliver all documents, including, without limitation, all instruments of
assignment, patent and copyright applications and supporting documentation, and perform all acts that Swissco may request to secure its rights hereunder and to carry out the intent of this Clause (with the explicit exception of any
product/service/invention/algorithm related to the diagnosis and /or treatment of diabetes, which exception shall be in effect for so long as Inverness is prohibited from participating in the diabetes business, but not thereafter).

  

	11.6	Consultant agrees to assist Swissco, at Swissco’s expense, in every proper way to obtain for its sole benefit, in any and all countries, patents, copyrights or
other legal protection for all Developments (with the explicit exception of any product/service/invention/algorithm related to the diagnosis and /or treatment of diabetes, which exception shall be in effect for so long as Inverness is prohibited
from participating in the diabetes business, but not thereafter) that by virtue of clause 11.1 above are the sole property of Swissco and for publications pertaining to any of them. All expenses incurred by Consultant in connection with her
obligations under this clause, including but not limited to travel costs, shall be reimbursed by Swissco. However, Consultant shall receive no compensation for her time spent except that if Consultant is required to spend more than eight hours in
fulfilling its obligations hereunder after the termination of this Agreement, Swissco shall compensate Consultant for such excess hours at a rate that is fair and reasonable in light of the nature of the services rendered. Consultant further agrees
that if Swissco is unable, after using its best reasonable efforts, to secure Consultant’s signature on any such documents and if Consultant has not objected to such action as not being required by this Agreement, any executive officer of
Swissco shall be entitled to execute any such documents as the Consultant’s agent and attorney-in-fact, and Consultant hereby irrevocably designates and appoints each executive officer of Swissco as its agent and attorney-in-fact to execute any
such documents on Consultant’s behalf, and to take any and all actions as Swissco may deem necessary, or desirable, in order to protect its rights or interests in any Development under the conditions described in this Clause.

  

	12.	REPRESENTATIONS, WARRANTIES AND UNDERTAKINGS 

  

	12.1	Consultant represents and warrants that it is subject to no contractual restriction or obligation that will in any way limit the performance of this Agreement by
Consultant or prevent Consultant from performing all of the terms of this Agreement. 

  
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	12.2	Consultant represents, warrants and covenants that, throughout the duration of this Agreement, Consultant will not (a) breach any continuing contractual obligation
that Consultant has to any third party, or (b) use or disclose any trade secret or other proprietary right of any third party. 

  

	12.3	Consultant will make and maintain adequate and current written records of all Confidential Information and Developments that are the sole property of Swissco or
Inverness in accordance with this Agreement and shall disclose the same promptly, fully and in writing to Swissco. 

  

	13.	NOTICES 

  

	13.1	Any notice or other formal communication given under this Agreement must be in writing and may be delivered in person, or sent by registered mail with acknowledgement
of receipt to the Party at its address appearing in this Agreement, or at such other address as it may notify to the other Party under this clause. 

  

	13.2	Any notice or other communication shall be deemed to have been given: 

  

	 	(a)	at the time of delivery, if delivered in person; or 

  

	 	(b)	on the day of receipt, if sent by registered mail with acknowledgement of receipt. 

 

	14.	ASSIGNMENTS 

  

	14.1	The Agreement is entered into between the Parties on an intuitu personae basis. 

 

	14.2	Neither Party may assign any of its rights or transfer any of the obligations under this Agreement without the prior written consent of the other Party. The other Party
is not obliged to justify its refusal. 

  

	15.	GENERAL 

  

	15.1	If any provision in this Agreement is void or non-applicable but would be valid if some part of the provision were deleted or restricted, the provision in question
shall apply with such deletion or restriction as may be necessary to make it valid. 

  

	15.2	The nullity or non-applicability of any provision of this Agreement shall not affect the validity or applicability of the other provisions of the Agreement, which shall
remain in full force and effect. 

  

	15.3	Save as otherwise provided in this Agreement, or as otherwise specifically agreed in writing by the Parties after the date of this Agreement, each Party will pay the
costs and expenses incurred by it in connection with the entering into of this Agreement. 

  

	15.4	The Parties to this Agreement waive their rights, if any (and whether in whole or in part), to annul, rescind, dissolve or cancel this Agreement, including on the basis
of general provisions of contract law. 

  
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	16.	WHOLE AGREEMENT 

  

	16.1	This Agreement contains the whole agreement between the Parties relating to the transaction contemplated by this Agreement and supersedes all previous agreements,
whether oral or in writing, between the Parties relating to this transaction. 

  

	16.2	No modification, amendment, waiver or termination of this Agreement or of any provision hereof shall be binding unless made in writing and duly signed. Failure of
Swissco to insist upon strict compliance with any of the terms, covenants or conditions hereof shall not be deemed a waiver of such terms, covenants or conditions. 

 

	17.	GOVERNING LAW 

 This
Agreement is governed by and shall be construed in accordance with the laws of Switzerland. 
  

	18.	MEDIATION/JURISDICTION 

  

	18.1	The parties will attempt to resolve any dispute or claim arising out of or relating to this Agreement promptly through negotiation. If the matter is not resolved, the
parties will attempt to resolve the dispute or claim through the Centre for Effective Dispute Resolution Model Mediation Process. If the matter has not been resolved within 30 days of the initiation of such a mediation, or if either party will not
participate in a mediation, the dispute may be referred to litigation. 

  

	18.2	Clause 18.1 does not exclude the right of Consultant or of Swissco to ask for interim relief before any court having jurisdiction. 

 

	19.	LANGUAGE 

 The language of
this Agreement and the transactions envisaged by it is English and all notices, demands, requests, statements, certificates or other documents or communications in connection with this Agreement and the transactions envisaged by it shall be in
English unless otherwise agreed between the Parties. 

  
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 SCHEDULE 1 
 LIST OF SERVICES 
 In accordance with the Client’s and its parent company business
plan as amended from time to time by the board of directors, the Independent Consultant will perform the following duties, with the following limitations: 
  

			
	 Duties
	  	 Limitations

		
	 Sales and Marketing consultancy
	  	
		
	 Advice and consultancy at senior management meetings – which may require international travel
	  	
		
		  	
		
		  	
		
		  	
		
		  	
		
		  	

  
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 THIS AGREEMENT has been signed on behalf of the parties by their duly authorised representatives on
the date which appears first on page 1. 
  

			
	SIGNATORIES	  	
		
	Signed by Paul Hempel	  	/s/ Paul Hempel
	
	For and on behalf of Inverness Medical Switzerland GmbH

  

			
	Signed by Hilde Eylenbosch	  	/s/ Hilde Eylenbosch
	
	For and on behalf of CITROS V.O.F.

  
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