LH Services Limited
NFT Issuance Requirements
These terms and conditions (hereinafter referred to as "the Terms and Conditions") apply to electronic certificates generated by LH Services Limited, a company incorporated under the laws of the Republic of Seychelles (hereinafter referred to as "the Issuer") that meet the following requirements:
| item | content |
|---|---|
| Blockchain | SOLANA |
| Contract Standards | SOLANA (Metaplex Token Metadata) |
| Exhibition Name/Management ID | Presented by exhibition organizers affiliated with LH MUSEO |
| article | Offerings from exhibition organizers affiliated with LH MUSEO. Please check the individual exhibition pages for details. |
| Operating company | LEGENDARY HUMANITY PTE. LTD. |
| Owner (planner) | Exhibition organizers affiliated with LH MUSEO. Please check the individual exhibition pages for details. |
| Cause contract | LH MUSEO Exhibition Implementation Agreement concluded between the operating company and the owner |
This document describes the rights and interests represented by the non-fungible electronic tokens (hereinafter referred to as "NFTs") generated on the blockchain described above. The types of NFTs covered by this document include:
1. High-resolution NFTs
2. Article NFTs for sale
3. Physical NFTs
4: NFT for exhibition
These are collectively referred to as "the Tokens." The contents of each type of NFT are explained in each chapter, and any reference to "the Tokens" in the relevant chapter shall refer to the NFT in that chapter. Anyone who accepts this token into their wallet will be deemed to have agreed to these terms and conditions by accepting this token into their wallet.
Chapter 1: General Provisions
Section 1.1 (Definitions)
1. Unless otherwise defined herein, the terms used in this Agreement shall have the following meanings:
(1) “Owned Wallet” refers to a digital wallet held by a User or its address (limited to those compatible with SOLANA).
(2) “User” refers to the addressee of the standards set forth in these Terms and Conditions, including those who wish to hold the Token, holders, and recipients of the Token.
(3) "Article" means the physical asset described in the "Article" section above.
(4) “3D digitization” refers to photographing an article so that it can be restored, and reproducing and saving the data, regardless of the method or resolution.
(5) "Article data" refers to 3D data of an article.
(6) "Token Image" refers to an image displayed on a graphical user interface (hereinafter referred to as the "Screen") using image data included in the Article Data.
(7) “Initial Holder” means the Operating Company.
(8) “Token Issuance Agreement” means the agreement between the Issuer and the Initial Holders that sets forth the terms and conditions of the issuance of the Tokens.
2. In these Terms and Conditions, the state in which the Token is linked to and recorded in a digital wallet over which one has de facto control may be expressed as "holding the Token," "having the Token," or similar expressions. A person who keeps the private key of an unhosted wallet secret from others, or a person who receives a hosted wallet and keeps its credentials (ID, password, etc.) secret from others, is treated as having de facto control over the digital wallet. In these Terms and Conditions, the state in which one has de facto control over a wallet address may be expressed as "holding the wallet," "having the wallet," or similar expressions.
3. In these Terms and Conditions, the rewriting of the wallet address associated with the Token may be expressed as "the Token is transferred," "the Token is transferred," or similar expressions.
4. In these Terms and Conditions, the electronic creation of tokens is referred to as "generation," and the delivery by the issuer of generated tokens to the initial holders is referred to as "issuance."
5. In these terms, "document," "certificate," "document," and other terms that suggest paper are intended to include electronic records that are legible and difficult to tamper with . Electronic files created in Portable Document Format (PDF) are treated as electronic records that meet the requirements of this section.
Section 1.2 (Application)
1. These terms and conditions apply to holders of the tokens generated by the issuer, as well as to users who are considering holding the tokens through transfer or other means.
2. Any user who links this token to a holding wallet, regardless of the reason, will be treated as having agreed to be bound by these terms and conditions.
3. The provisions of Chapters 3 through 6 act as special provisions to Chapter 2 with respect to each type of NFT. Therefore, in the event of any inconsistency or conflict between the provisions of Chapter 2 and Chapters 3 through 6 with respect to each type of NFT, the special provisions of Chapters 3 through 6 shall take precedence.
Section 1.3 (Restrictions)
1. This token is not a security, cryptocurrency, electronic payment means, prepaid payment means or any other financial asset, and users are not protected by the Financial Instruments and Exchange Act, Banking Act, Payment Services Act, Financial Services Act or any other financial regulatory law.
2. Users may not use this token as a means of payment.
3. The following persons (hereinafter referred to as "Restricted Persons") are prohibited from wishing to hold or holding the Token, or from being solicited to acquire the Token. In addition, holders of the Token are prohibited from selling, lending, transferring, inheriting, or otherwise transferring or providing the Token as security to Restricted Persons (including soliciting acquisition or other attempts to do so, as well as intermediary or brokerage activities, hereinafter referred to as "Disposal, etc.") , or from disposing of the Token held by Restricted Persons.
(1) Companies or individuals involved in the proliferation of weapons of mass destruction, drug trafficking, terrorist activities, international criminal organizations, etc., and those subject to economic sanctions imposed by the Foreign Exchange and Foreign Trade Act, the U.S. Treasury Department's Office of Foreign Assets Control (OFAC), the United Nations, and other countries and regions.
(2) An organized crime group, a member of an organized crime group, a quasi-member of an organized crime group, a company related to an organized crime group, a corporate racketeer, a social activist, a special intelligence violent group, or any other person equivalent thereto.
4. Any user who uses this token in violation of the preceding paragraph, or any user who violates the preceding paragraph or is involved in such violation, will lose the right to claim against the issuer the enjoyment of the rights, benefits or functions (hereinafter referred to as "Token Powers") set forth in these Terms and Conditions.
5. If it is discovered that a restricted person holds this token, the issuer may revoke all the powers granted to the token, which will not be restored thereafter. The issuer may refuse the exercise of rights or requests by the holder of this token by providing evidence that the restricted person held this token.
Chapter 2: Possession and transfer of this token
Section 2.1 (Agreement to the Contract)
1. The token complies with the SOLANA (Metaplex Token Metadata) smart contract standard. Users agree to the standard and the program code that constitutes the token (meaning a readable source code, hereinafter referred to as the "protocol"), and consent without objection that the token will behave in accordance with this code.
2. This protocol is subject to change at the request of the issuer.
Section 2.2 (Possession of this Token)
1. The issuer may determine the status and qualifications of an individual as a legitimate holder of the right to enjoy token authority (hereinafter referred to as an "authority holder") solely based on the fact of possession of the token.
2. The issuer shall not be obligated to treat anyone other than the holder of this token as an authorized person.
3. The holder of the token shall prove that he/she is the legitimate holder of the token.
Section 2.3 (Transfer of Tokens)
1. The transfer of this token means that the wallet address recorded in this token is rewritten from the transfer source user to the wallet address of the transfer destination user. This token can only be transferred in accordance with this protocol, and all transfers of this token or token authority by agreement alone or other transfers not in accordance with this protocol will be treated as invalid.
2. The status and qualifications of a qualified person can only be acquired by the transfer of this token. Upon the transfer of this token, the transferor will definitively lose the status and qualifications of a qualified person, and the transferee will definitively acquire the status and qualifications of a qualified person.
3. No person may claim the acquisition or loss of the status or qualifications of an authorized person separately from the acquisition or loss of this token.
4. Anyone who asserts his/her rights against the Issuer in violation of the preceding paragraph will definitively lose his/her status and qualifications as an authorized person.
Chapter 3: High-resolution NFTs
Section 3.1 (High-resolution NFTs)
1. A high-resolution NFT (hereinafter referred to as "this token" in this chapter) is an NFT generated by recording metadata that allows access to article data generated based on the right to convert an article into 3D data, which the Operating Company has been granted by the Owner under the Cause Agreement, and by an issuer who has been sub-granted the right to link the article data to an NFT, which the Operating Company has been granted by the Owner under the Cause Agreement.
2. The issuer grants the user who holds this token permission to access the article data linked to this token and display the token image on the screen. When the holder transfers this token, the permission in this section will be terminated and the user to whom the token is transferred will receive the permission in this section.
3. The rights granted to the holder of this token are not other than those set forth in the preceding paragraph and other provisions of these Terms and Conditions. In particular, the right to reproduce, adapt or create any other derivative works of article data, including token images, is not granted.
Section 3.2 (Acquisition of Tokens)
1. The generated tokens will be issued to the operating company.
2. Users may only acquire Tokens from holders of Tokens who are not subject to restrictions.
Section 3.3 (Article Data)
1. Access to article data may only be exercised in the manner specified in this protocol, and holders of this token shall not have the authority to access article data in any other manner.
2. All rights to the article data are reserved to the issuer. The holder of this token will only have the right to display the article data on the screen in the manner specified in this protocol, and the right to transfer this right to the transferee when the token is transferred and will not have any other rights to the article data.
3. Any reproduction, adaptation or processing of the article data or displaying the article data on the Internet without complying with this protocol is strictly prohibited. If the Publisher becomes aware of any violation of this section, it may order the User to cease such actions.
Section 3.4 (Return of Tokens)
1. If any of the following events occur, the token must be returned to the issuer.
(1) If it is discovered that a person subject to restriction holds this token.
(2) When the token authority of this token is lost.
(3) When the transfer of the Token or the exercise of the Token powers is made in violation of these Terms and Conditions.
2. In the case of the preceding paragraph, the holder shall transfer the Token to the issuer free of charge at the request of the issuer.
Chapter 4: Article NFTs for Sale
Section 4.1 (Regarding Article NFTs for Sale)
1. The Article NFT for Sale (hereinafter referred to as "this Token" in this Chapter) is an NFT generated by recording metadata that allows access to article data generated based on the right to convert the article into 3D data, which the Operating Company has been granted by the Owner under the Cause Agreement, and by an issuer who has been sub-granted the right to link the article data to an NFT, which the Operating Company has been granted by the Owner under the same Cause Agreement.
2. The issuer grants the user who holds this token permission to access the article data linked to this token and display the token image on the screen. When the holder transfers this token, the permission in this section will be terminated and the user to whom the token is transferred will receive the permission in this section.
3. The rights granted to the holder of this token are not other than those set forth in the preceding paragraph and other provisions of these Terms and Conditions. In particular, the right to reproduce, adapt or create any other derivative works of article data, including token images, is not granted.
Section 4.2 (Acquisition of Tokens)
1. The generated tokens will be issued to users through the operating company, which acts as the seller.
2. Users may only acquire Tokens from holders of Tokens who are not subject to restrictions.
Section 4.3 (Article Data)
1. Access to article data may only be exercised in the manner specified in this protocol, and holders of this token shall not have the authority to access article data in any other manner.
2. All rights to the article data are reserved to the issuer. The holder of this token will only have the right to display the article data on the screen in the manner specified in this protocol, and the right to transfer this right to the transferee when the token is transferred and will not have any other rights to the article data.
3. Any reproduction, adaptation or processing of the article data or displaying the article data on the Internet without complying with this protocol is strictly prohibited. If the Publisher becomes aware of any violation of this section, it may order the User to cease such actions.
Section 4.4 (Return of Tokens)
1. If any of the following events occur, the token must be returned to the issuer.
(1) If it is discovered that a person subject to restriction holds this token.
(2) When the token authority of this token is lost.
(3) When the transfer of the Token or the exercise of the Token powers is made in violation of these Terms and Conditions.
2. In the case of the preceding paragraph, the holder shall transfer the Token to the issuer free of charge at the request of the issuer.
Chapter 5: Physical NFTs
Section 5.1 (Regarding physical NFTs)
1. A physical NFT (hereinafter referred to as "this token" in this chapter) is an NFT that indicates that the issuer has received an entrustment of custody of the article from the owner in a cause contract. Based on the cause contract, the issuer subcontracts all authority as a custodian to the designated manager.
2. In this chapter, the "designated manager" refers to the person who is re-entrusted with the authority to act as a custodian of the articles as granted to the issuing company pursuant to the cause agreement, and the initial designated manager will be the operating company.
3. In the Cause Agreement, the Owner grants the authority to transfer ownership of the Article to the Token Holder by delivering the Article to the Token Holder when the Token Holder requests the Designated Manager who is entrusted with storing the Article at that time. As a result, the Token will display a burden (hereinafter referred to as the "Ownership Transfer Burden") that the Designated Manager must transfer the Owner's ownership of the Article to the Token Holder when the Designated Manager receives a request from the Token Holder.
4. The token also contains metadata that allows access to the article data, which has been sub-licensed by the issuer to associate with the NFT.
5. The issuer grants the user who holds this token permission to access the article data linked to this token and display the token image on the screen. When the holder transfers this token, the permission in this section will be terminated and the user to whom the token is transferred will receive the permission in this section.
6. The rights granted to the holder of this token are not other than those set forth in paragraph 3 and the preceding paragraph and other provisions of these Terms and Conditions. In particular, the right to reproduce, adapt or create any other derivative works of the article data, including the token image, is not granted.
Section 5.2 (Acquisition of Tokens)
1. The generated Tokens will be issued to the initial holders.
2. Users may only acquire Tokens from holders of Tokens who are not subject to restrictions.
Section 5.3 (Transfer of Tokens)
1. Notwithstanding the provisions of Section 2.2, Paragraph 2, the Designated Manager, including the Issuer, shall not bear any burden of ownership transfer to the recipient of the Token, unless the User who transfers the Token notifies the Designated Manager of the identity of the recipient of the Token in a manner specified by the Designated Manager prior to the transfer and instructs the Designated Manager to store the Article thereafter for the recipient of the Token.
2. If a user who transfers the Token does so without giving the notification or instruction set forth in the preceding paragraph, the burden of ownership transfer borne by the issuer or designated manager at that point will be definitively extinguished, and thereafter the Token will be treated as displaying only the permission set forth in Section 5.1, Paragraph 5.
3. Subject to the provisions of the preceding paragraphs, no person may claim the acquisition or loss of the status and qualifications of an authorized person separately from the acquisition or loss of this Token.
4. Anyone who asserts his/her rights against the issuer or the designated manager in violation of the preceding paragraph will definitively lose his/her status and qualifications as an authorized person.
Section 5.4 (Designated Manager)
1. While the Management Company is in its capacity as the designated manager, the Articles will be stored and managed by the Management Company with the care of a prudent manager.
2. Based on the cause contract, the owner can instruct the operating company to transfer the authority as the designated manager to a person designated by the owner (hereinafter referred to as the "authority acquirer"). As a result, the designated manager may be transferred to an authority acquirer other than the operating company at the owner's instruction.
3. Under the Cause Agreement, the Owner is obligated to have the Authorized Acquirer comply with certain management standards for the Articles and take certain measures to prepare for loss or destruction as a condition for transferring the authority as the Designated Manager to the Authorized Acquirer, but the Issuer and the Operating Company cannot guarantee that these measures have been fully taken. As a result, holders of the Tokens may not be able to obtain the necessary relief for loss, damage, deterioration, etc. of the Articles that occurred while the Authorized Acquirer was in the position of the Designated Manager. In addition, the Issuer and the Operating Company cannot guarantee that if the Owner appoints an Authorized Acquirer, the Designated Manager will fulfill the ownership transfer burden as set forth in these Terms and Conditions.
Section 5.5 (Delivery of Articles)
1. A holder of this token who wishes to receive an article can receive the article by presenting his/her genuine public identification and sending this token to the designated manager.
2. The holders of this token are responsible for searching for and identifying the designated manager, as well as identifying the wallet address held by the designated manager.
3. The Designated Manager shall not be obligated to agree to the delivery of the Article if the holder of the Token requesting the delivery of the Article does not match the personal identification information of the recipient of the Token last notified to the Designated Manager pursuant to Article [ ], Paragraph [ ].
4. The costs required for the delivery of the Article shall be borne by the holder of this Token.
5. In addition to the above, holders of this token shall follow the instructions of the Designated Manager regarding the procedure for delivery of articles.
6. The burden of transfer of ownership will expire 10 years after the issuance of this token.
Section 5.6 (Article Data)
4. Access to article data may only be exercised in the manner specified in this protocol, and holders of this token shall not have the authority to access article data in any other manner.
5. All rights to the article data are reserved to the issuer. The holder of this token will only have the right to display the article data on the screen in the manner specified in this protocol, and the right to transfer this right to the transferee when the token is transferred and will not have any other rights to the article data.
6. It is strictly prohibited to copy, adapt or modify the Article Data or to display the Article Data on the Internet without complying with this protocol. If the Issuer or the Designated Administrator becomes aware of a violation of this section, they may order the User to cease such actions.
Section 5.7 (Return of Tokens)
1. If any of the following events occur, the token must be returned to the issuer.
(7) If it is discovered that a person subject to restriction holds this token.
(8) When the token authority of this token is lost.
(9) When the transfer of the Token or the exercise of the Token powers is made in violation of these Terms and Conditions.
2. In the case of the preceding paragraph, the holder shall transfer the Token to the issuer free of charge at the request of the issuer.
Chapter 6: Exhibition Article NFT
Section 6.1 (Exhibition Article NFTs)
1. The Exhibition Article NFT (hereinafter referred to as "this Token" in this chapter) is an NFT generated by recording metadata that allows access to article data generated based on the right to convert the article into 3D data, which the Operating Company has been granted by the Owner under the Cause Agreement, and by an issuer that has been sub -granted the right to link the article data to an NFT, which the Operating Company has been granted by the Owner under the Cause Agreement.
2. The issuer grants the user who holds this token permission to access the article data linked to this token and display the token image on the screen. When the holder transfers this token, the permission in this section will be terminated and the user to whom the token is transferred will receive the permission in this section.
3. The rights granted to the holder of this token are not other than those set forth in the preceding paragraph and other provisions of these Terms and Conditions. In particular, the right to reproduce, adapt or create any other derivative works of article data, including token images, is not granted.
Section 6.2 (Acquisition of Tokens)
1. The generated Tokens will be issued to the initial holders.
2. Users may only acquire Tokens from holders of Tokens who are not subject to restrictions.
Section 6.3 (Article Data)
1. Access to article data may only be exercised in the manner specified in this protocol, and holders of this token shall not have the authority to access article data in any other manner.
2. All rights to the article data are reserved to the issuer. The holder of this token will only have the right to display the article data on the screen in the manner specified in this protocol, and the right to transfer this right to the transferee when the token is transferred and will not have any other rights to the article data.
3. Any reproduction, adaptation or processing of the article data or displaying the article data on the Internet without complying with this protocol is strictly prohibited. If the Publisher becomes aware of any violation of this section, it may order the User to cease such actions.
Section 6.4 (Return of Tokens)
1. If any of the following events occur, the token must be returned to the issuer.
(1) If it is discovered that a person subject to restriction holds this token.
(2) When the token authority of this token is lost.
(3) When the transfer of the Token or the exercise of the Token powers is made in violation of these Terms and Conditions.
2. In the case of the preceding paragraph, the holder shall transfer the Token to the issuer free of charge at the request of the issuer.
Chapter 7: Miscellaneous
Section 7.1 (Changes)
These Terms and Conditions may be amended as of an effective date by the Issuer by setting an effective date and notifying Users of the amended Terms and Conditions by posting them on the Service Site or a website entrusted and managed by the Operating Company.
Section 7.2 (Others)
1. These Terms and Conditions shall be governed by and construed in accordance with the laws of Japan.
2. Any disputes arising in relation to these Terms and Conditions or the Token shall be subject to the exclusive jurisdiction of the Tokyo District Court for the first instance.
