This English translation is provided for reference purposes only. If there is any discrepancy between this translation and the original Japanese text, the Japanese text shall prevail.

Last Updated: February 19, 2026

Article 1 (General Provisions)

These Terms of Service (hereinafter, "these Terms") set forth the conditions of use for the crypto assets (also known as virtual currencies) information media "Clabo" (hereinafter, the "Service") operated by Clabo Inc. (hereinafter, the "Company").
Any person who uses the Service (hereinafter, a "User") shall be deemed to have agreed to these Terms.
If a User does not agree to these Terms, that User may not use the Service.

Article 2 (Definitions)

In these Terms, the following terms shall have the following meanings.

"the Service": The information media relating to crypto assets, "Clabo," operated by the Company, and all services incidental thereto
"User": Any person who uses the Service
"Content": Articles, images, videos, data, information, and any other copyrighted works provided on the Service
"Crypto assets": Crypto assets as defined in Article 2, Paragraph 14 of the Payment Services Act (PSA)
"Consumer": An individual as defined in Article 2, Paragraph 1 of the Consumer Contract Act

Article 3 (Service Content)

The Service is a media outlet that provides information such as market trends, technical explanations, project introductions, and news relating to crypto assets. Specifically, the Company provides information through multiple channels including its website, email newsletter, and applications.
The Company may change, add to, or delete the content of the Service in the following cases.
- Where a change does not harm the interests of Users: the Company may implement the change without prior notice
- Where a material change affects the interests of Users: the Company shall provide notice in advance, with an appropriate period (in principle, at least 30 days)
- Where the matter is urgent (e.g., a security threat, etc.): the Company shall provide prompt notice after the fact

Article 4 (Disclaimer of Investment Advice; Risk Warning)

[IMPORTANT] This Article is the most important provision in these Terms. Please be sure to read it.

1. Disclaimer of Investment Advice

All information provided through the Service is intended for general informational purposes only and does not constitute any of the following.

Investment advice under the Financial Instruments and Exchange Act (FIEA) (Article 2, Paragraph 11 of the same Act)
A discretionary investment management contract requiring registration as a Financial Instruments Business
Investment solicitation recommending the purchase, sale, or holding of any specific crypto asset
Advice or counsel regarding individual investment decisions
Any guarantee or forecast of future prices, earnings, or returns
The provision of information intended for market manipulation or insider trading
Tax advice or tax planning services

None of the information on the Service constitutes anything more than reference material for a User's investment decisions, and does not itself suggest any particular investment decision.

2. Risks Associated with Investing in Crypto Assets

Investing in crypto assets involves significant risks, including but not limited to those set out below. Users must fully understand these risks and make investment decisions at their own responsibility.

Price volatility risk: The prices of crypto assets are extremely volatile and may decline significantly over a short period of time. Users may lose the entirety of their invested principal.
Liquidity risk: Depending on market conditions, it may not be possible to buy or sell at the desired price or quantity.
Regulatory risk: Changes in laws and regulations in various countries may restrict or prohibit trading in crypto assets.
Technical risk: Crypto assets may be lost due to hacking, system failure, loss of a private key (signature key), or similar events.
Project risk: The value of a crypto asset may be lost due to the failure, fraud, or discontinuation of development of the underlying crypto asset project.
Fraud and Ponzi scheme risk: Fraudulent projects and schemes exist, and invested funds may be lost entirely.
Tax risk: The tax treatment associated with acquiring, holding, and selling crypto assets is complex, and proper tax handling is required.

3. Principle of Self-Responsibility

Any investment decision made based on information on the Service shall be made entirely at the User's own responsibility. The Company shall bear no responsibility whatsoever for a User's investment decisions or the results thereof.

4. Recommendation to Consult Professionals

When making final investment decisions, Users are strongly encouraged to consult the following professionals.

A Financial Instruments Business Operator (for investment advice)
A certified tax accountant or certified public accountant (for tax treatment)
An attorney (for legal risk)
A Crypto Asset Exchange Service Provider (for confirmation before executing a trade)

Article 5 (Disclaimer Regarding the Accuracy of Information)

Efforts toward accuracy and their limits: The Company provides information on the Service based on publicly available information with maximum care, but does not guarantee its accuracy, completeness, currency, or usefulness.
Nature of the information: Information provided on the Service is based on publicly available information as of the time of posting. Because market conditions, technical specifications, the regulatory environment, and similar factors are constantly changing, posted information may not reflect the most current circumstances.
Display of advertising and PR articles: The Service may include advertising or PR articles. Where an article is an advertisement or PR article, this fact will be clearly indicated. The Company does not endorse the content of such advertising or PR articles and bears no responsibility for their accuracy, safety, or similar matters.
External links and third-party content: The Service may include links to external sites and information provided by third parties. The Company bears no responsibility for the content, accuracy, or safety of such third-party content. When using an external site, please review that site's own terms of service and privacy policy.
Results of decisions: The Company bears no responsibility whatsoever for any judgment, action, or result thereof undertaken by a User based on information on the Service.
Use of information: When using information from the Service, Users should, at their own responsibility, verify the accuracy of such information against multiple reliable sources and seek professional advice as necessary.

Article 6 (Intellectual Property Rights)

Ownership of copyright: The copyright and other intellectual property rights in all Content posted on the Service (including, without limitation, articles, images, videos, logos, designs, and source code) belong to the Company or to a third party holding legitimate rights thereto.
Restrictions on use: Without the Company's prior written consent, a User may not use Content on the Service in any of the following ways.
- Reproduction, modification, editing, or translation
- Public transmission, making transmittable, or distribution
- Use for commercial purposes
- Any other use exceeding the scope of private use permitted under the Copyright Act
Permitted use: Users may view the Content of the Service within the scope of private use permitted under the Copyright Act.
Quotation: When quoting Content from the Service, Users must comply with the requirements for quotation set forth under the Copyright Act and clearly indicate the source.

Article 7 (Prohibited Acts)

In using the Service, Users shall not engage in any of the following acts.

Violation of laws: Acts that violate any law or public order and morals
Infringement of rights: Acts that infringe the copyright, trademark rights, privacy rights, portrait rights, honor, or other rights of the Company or a third party
Fraud and misconduct: The intentional provision of fraudulent project information, acts of deceiving Users to obtain money or information, Ponzi schemes, and other unlawful acts
Unauthorized access and system attacks: Unauthorized access, or attempted unauthorized access, to the Service's servers or network systems; distribution of malware or viruses; DDoS attacks; and other cyberattacks
System interference: Acts that interfere, or may interfere, with the operation of the Service
Unlawful acquisition of personal information: Acts of collecting, using, or providing another person's personal information without authorization; phishing; and impersonation
Spam and nuisance acts: Sending spam email in violation of the Act on Regulation of Transmission of Specified Electronic Mail; sending indiscriminate email or messages for commercial purposes
False information: Acts of providing false, misleading, or defamatory information
Unauthorized reproduction: Acts of reposting, reproducing, or distributing Content without the Company's permission
Commercial use: Acts of using the Service for commercial purposes without the Company's permission
Other: Any other act that the Company deems inappropriate

Article 8 (Limitation of Liability for Damages) (Important)

Basic principle of disclaimer: The Company shall bear no responsibility whatsoever for any damages arising to a User from the use, or inability to use, the Service, except where such damages arise from the Company's willful misconduct or gross negligence.
Scope of damages: Even where the Company is liable, the Company's liability for damages shall be limited to ordinary damages that arose directly and actually, and the Company shall bear no responsibility for lost profits, indirect damages, special damages, or consequential damages.
Explicit disclaimer for investment losses: The Company shall bear no responsibility whatsoever for any investment decision made by a User based on information provided on the Service, or for any loss arising therefrom (including a decline in the value of crypto assets or the loss of invested principal).
Cap on the amount of liability: Even where the Company is liable, the total amount of the Company's liability for damages shall be limited to the amount paid by the User to the Company for the Service as of the time the cause of damage arose (JPY 0 in the case of a free User).
Consumer protection: The provisions of this Article shall not apply to the extent that they would be rendered void under the Consumer Contract Act or other mandatory laws and regulations. Where a User falls under the definition of a consumer under the Consumer Contract Act, the Company's liability for damages arising from its willful misconduct or gross negligence shall not be limited.

Article 9 (Changes, Suspension, and Termination of the Service)

Changes to the Service:
- Minor changes that do not harm the interests of Users (such as interface improvements or the addition of features) may be implemented without prior notice.
- Where a material change affecting the interests of Users is to be made, the Company shall provide advance notice to Users, with an appropriate period (in principle, at least 30 days).
Suspension of the Service: The Company may temporarily suspend all or part of the Service in the following cases.
- When performing system maintenance, inspection, or updates (in principle, the Company will provide prior notice)
- When the provision of the Service becomes difficult due to an earthquake, fire, power outage, natural disaster, or other force majeure event (prompt notice will be given after the fact)
- When a system failure, cyberattack, or other technical problem occurs
- Where the Company otherwise determines there is a legitimate reason necessitating suspension
Termination of the Service: The Company may terminate all or part of the Service by providing notice a reasonable period in advance (in principle, at least three months in advance).
Disclaimer: The Company shall bear no responsibility for any damages arising to a User from a change, suspension, or termination under this Article, except where such damages arise from the Company's willful misconduct or gross negligence. Provided, however, that for a User who falls under the definition of a consumer under the Consumer Contract Act, consumer protection laws and regulations shall take precedence.

Article 10 (Amendment of These Terms) (Important)

The Company may amend these Terms without obtaining the individual consent of Users in the following cases.
- Where the amendment of these Terms conforms to the general interests of Users
- Where the amendment of these Terms does not contravene the purpose of the contract, and is reasonable in light of the necessity for the amendment, the appropriateness of the content after the amendment, and other circumstances relating to the amendment
When amending these Terms, the Company shall announce the effective date of the amended Terms and the content of the amendment, by posting on the Service or by other appropriate means, at least 30 days prior to the effective date.
For particularly important amendments (such as changes to disclaimer provisions or an expansion of the use of personal information), the Company shall, in addition to posting on the Service, provide individual notice to Users, such as by email.
If a User uses the Service on or after the effective date of the amended Terms, that User shall be deemed to have agreed to the amended Terms.
Consumer protection: Where a User falls under the definition of a consumer under the Consumer Contract Act, a material amendment that unilaterally harms the interests of the User may require the individual consent of that User.

Article 11 (Governing Law; Jurisdiction)

Governing law: The interpretation and application of these Terms shall be governed by the laws of Japan.
Court of jurisdiction:
- Where a User falls under the definition of a consumer under the Consumer Contract Act: the Company or the User may bring an action in the district court having jurisdiction over the User's place of residence or the Company's head office location.
- Where a User does not fall under the definition of a consumer: the Tokyo District Court shall have exclusive agreed jurisdiction as the court of first instance over any dispute arising in connection with these Terms or the Service.
Dispute resolution procedure: If a dispute arises in connection with the Service, the Company and the User shall first endeavor to resolve it through good-faith consultation.

Article 12 (Handling of Personal Information)

Personal information protection policy: The Company shall appropriately protect and manage personal information obtained from Users in accordance with the Act on the Protection of Personal Information and other relevant laws and regulations.
Acquisition and purpose of use of personal information: The Company may obtain personal information such as a User's name, email address, and browsing history for purposes including email newsletter registration, inquiries, and user analytics. A User's personal information shall be used only for the following purposes.
- Provision and improvement of the Service
- Provision of information such as an email newsletter (based on the User's consent)
- Responding to inquiries
- Analysis of site usage
- Compliance with laws and regulations
Provision to third parties: The Company shall not provide a User's personal information to third parties without the User's consent, except where disclosure is required by law or is necessary to protect safety in an emergency.
Cookies and tracking technologies: The Company may use cookies and tracking technologies for purposes such as user analytics, advertising delivery, and functional improvements. Users may disable cookies through their browser settings, but doing so may make some features of the Service unavailable.
Privacy Policy: For details on the handling of personal information, please refer to the separate "Privacy Policy."
Response to a data breach: In the event of a leak or similar incident involving personal information, the Company shall notify Users within the period prescribed by law and, where necessary, report the incident to the relevant authorities.

Article 13 (Email Delivery and Opt-Out)

Delivery of email newsletters: Based on a User's consent, the Company may deliver news, market information, and similar content relating to crypto assets in the form of an email newsletter.
Obtaining consent: Email newsletters shall be delivered only where a User has expressly requested such delivery.
Opt-out (unsubscribing): A User may request to stop receiving the email newsletter at any time. An "unsubscribe" link shall be included at the end of every newsletter email, enabling Users to easily unsubscribe.
Compliance with the Act on Regulation of Transmission of Specified Electronic Mail: This email delivery shall be carried out in compliance with the Act on Regulation of Transmission of Specified Electronic Mail (the Anti-Spam Act).
Exception for urgent notices: Important notices relating to the Service (such as amendments to these Terms or security-related notices) may be delivered regardless of a User's unsubscribe status.

Article 14 (Security and Data Protection)

Security measures: The Company implements measures such as SSL/TLS encrypted communication, firewalls, and regular security audits to protect the security of the Service.
User responsibility: A User shall, at their own responsibility, maintain the security of the device used to access the Service. Where a User holds account information, the User shall manage it strictly and shall not disclose it to any third party.
Notification upon discovery of unauthorized access: If a User discovers unauthorized access to the Service, the User shall promptly notify the Company.

Article 15 (Eligibility to Use the Service)

Eligibility: Only Users who satisfy the following conditions may use the Service.
- Being 18 years of age or older (a minor must have obtained the consent of a parent or other legal representative)
- Being a person who complies with the laws of Japan
- Being a person who agrees to these Terms
Access restriction: The Company may restrict a User's access in the event of a material violation of these Terms, the commission of a prohibited act, an unlawful act, or the likelihood thereof.

Article 16 (Special Provisions Based on the Consumer Contract Act)

The disclaimer provisions set forth in these Terms (Articles 5, 8, and others) shall not apply to damages arising from the Company's willful misconduct or gross negligence where a User falls under the definition of a consumer.
No provision of these Terms shall take precedence over the Consumer Contract Act, the Act on Specified Commercial Transactions (tokutei shotorihiki-ho), the Act on the Protection of Personal Information, or other mandatory laws and regulations. Where such laws and regulations provide stronger protection, those laws and regulations shall take precedence.

Article 17 (Response to Notices of Infringement of Copyright and Other Rights)

Notice of infringement: A third party asserting that its copyright, trademark rights, or other intellectual property rights have been infringed may notify the Company, providing specific details of the alleged infringement, the specific location on the Company's Service, and the notifying party's contact information.
The Company's response: Upon receiving a notice of infringement, the Company shall investigate the content of the notice, and if infringement is found to exist, shall delete, correct, or restrict access to the relevant Content.
Objection: If the Company deletes Content, the person who posted it may file an objection.

Article 18 (Dispute Resolution Procedure)

Acceptance of consultations and complaints: The Company accepts consultations and complaints from Users regarding the Service via email and the inquiry function on the Service.
Response deadline: The Company shall provide a User with confirmation of receipt within two business days of receiving a consultation or complaint, and shall, in principle, communicate its response policy within seven business days.
Consultation with a consumer affairs center, etc.: If a User is not satisfied with the Company's response, the User may consult a consumer affairs center (dial 188 with no area code) or other relevant institution.

Article 19 (Contact Information)

Inquiries regarding these Terms should be directed to the following contact.

Operating company: Clabo Inc.
Address: Ark Hills South Tower 16F, 1-4-5 Roppongi, Minato-ku, Tokyo
Email address: info@clabo-inc.co.jp
Responsible officer: Ikuma Ueno

Please direct inquiries by email in principle. A response may take approximately two business days.

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