YuruFun Terms of Service

Last Updated: April 26, 2026

These Terms of Service (hereinafter referred to as “these Terms”) constitute a legally binding agreement between you (hereinafter referred to as “User”) and the YuruFun operating entity (hereinafter referred to as “Company”) regarding the use of the YuruFun platform (hereinafter referred to as “the Platform”) and YuruFun services (hereinafter referred to as “the Services”).

By accessing and using the Platform and/or the Services, the User agrees that they have read, understood, and accepted these Terms, along with all related documents including the Privacy Policy, Character Secondary Use Policy, Fee Schedule, Livestream Guidelines, DMCA Policy, and Trademark Guidelines, which are separately stipulated. The User acknowledges and agrees to be bound by and comply with these Terms, as updated and amended from time to time.

If the User does not understand and accept these Terms in their entirety, the User should not use the Platform.

Risk Warning

The Platform and Services generally involve interacting with user-generated Digital Assets, particularly character-based tokens and IP bond NFTs. The Company is not responsible for user-generated Digital Assets that the User may, in their sole discretion, engage with on the Platform or via the Services. Users must fully understand the risks involved with user-generated Digital Assets before using the Platform and Services.

The value of user-generated Digital Assets, especially meme coins and IP bond NFTs commonly found on the Platform and as part of the Services, can fluctuate significantly, and there is a material risk of economic loss when buying, selling, holding, or investing in any Digital Asset. Therefore, Users should consider whether participating on the Platform or in the Services is suitable for them, taking into account their personal circumstances, financial, or otherwise.

The User acknowledges that the Company is not their broker, intermediary, agent, or advisor, and has no fiduciary relationship or obligation to the User in connection with any activities undertaken when using the Platform or Services. The Company does not and is not providing any investment or consulting advice, and no communication or information provided by the Company to the User is intended to be, or should be construed as, advice of any kind. The Company does not recommend that any user-generated Digital Asset be bought, earned, sold, or held by the User under any circumstances.

The User is responsible for determining whether any user-generated Digital Asset is appropriate for them to acquire, transact in, or otherwise use on the Platform or with the Services based on their personal investment objectives, financial circumstances, and risk tolerance, and is responsible for any associated loss or liability. Before making the decision to buy, sell, or hold any user-generated Digital Asset, the User should conduct their own due diligence regarding the creator of the Digital Asset and, where appropriate, consult their financial advisor. The Company is not responsible for the decisions the User makes to buy, earn, sell, or hold Digital Assets based on the information or services provided by the Company or by Users themselves through the Platform or Services, including any losses the User may incur based on their decisions.

1. Introduction

1.1. The YuruFun operating entity and its affiliates develop, maintain, operate, and provide access to the Platform and Services.

1.2. By using the Platform or any of the Services, the User enters into a legally binding agreement with all YuruFun operating entities and their affiliates. These Terms will govern the User’s use of the Platform and all of the Services.

1.3. The User acknowledges that they must read these Terms, together with the documents referenced in these Terms, carefully and are responsible for informing the Company if they do not understand anything.

1.4. The User expressly agrees to be bound by, and to comply with, any additional terms and conditions that apply to their use of the Platform or any of the Services.

2. Eligibility

2.1. To be eligible to use the Platform and the Services:

1. The User must be an individual, corporation, legal person, entity, or other organization with the full power, authority, and capacity to:

   1. access and use the Platform; and

   2. enter into and comply with their obligations under these Terms, including, in the case of an individual, being of the legal age of majority in their jurisdiction;

2. If the User acts as an employee or agent of a legal entity and enters into these Terms on their behalf, the User must be duly authorized to act on behalf of and bind such legal entity for the purposes of entering into these Terms;

3. Not be located, incorporated, otherwise established in, or a resident of, or have business operations in:

   1. a jurisdiction where it would be illegal under Applicable Law for the User to access or use the Platform and/or Services, or cause the Company or any third party to contravene any Applicable Law; or

   2. a country listed in the Company’s List of Prohibited Countries.

2.2. The Company may amend its eligibility criteria at any time at its sole discretion. The Company retains the sole discretion to make changes without prior notice. For example, the Company may change these Terms without notifying the User where:

1. the change is made as a result of legal and/or regulatory changes;

2. the changes being made are in the User’s interest; and/or

3. there is any other valid reason which means there is no time to give notice.

The Company will inform the User of the change as soon as possible after it is made by updating the “Last Updated” date at the top of these Terms.

The User acknowledges and agrees that they are responsible for checking these Terms to stay abreast of any changes related to their use, and that the Company may terminate the User’s use of the Platform and any of the Services at any time for any reason.

3. YuruFun Platform

3.1. Usage of the Platform and Services is provided at the Company’s absolute discretion. The Company reserves the right to refuse any usage of, or restrict the User’s access to, the Platform and Services for any reason, or without reason at any time.

3.2. The User must not post, upload, or publish to the Platform any abusive, defamatory, dishonest, or obscene message, or any messages intended to manipulate a market, or to spread false or misleading information, or messages that are otherwise in contravention of Applicable Laws. Violation of this provision may result in termination of or restrictions on the availability of the Platform and Services to the User.

3.3. The User must not post, upload, or publish to any platform or media any abusive, defamatory, dishonest, or obscene message, or any messages intended to manipulate a market, or to spread false or misleading information, or messages that are otherwise in contravention of Applicable Laws in respect of any user-generated Digital Assets created using the Services. Violation of this provision may result in termination of or restrictions on the availability of the Services to the User.

3.4. The User must not use any voice chat feature (if available) to:

1. harass, threaten, or abuse other users;

2. impersonate any person or entity through voice (including synthetic or AI-generated voice);

3. transmit unlawful, deceptive, or misleading Audio Content;

4. manipulate or attempt to manipulate asset prices; or

5. record, reproduce, or distribute Audio Content without all necessary consents under Applicable Law.

4. Fees and Calculations

4.1. Fees for use of the Services can be found in the separately stipulated “YuruFun Fee Schedule.”

5. Character Secondary Use Policy

5.1. Users who issue character-based tokens on the Platform must agree to and comply with the separately stipulated “YuruFun Character Secondary Use Policy.” In case of any conflict between these Terms and the Character Secondary Use Policy, the Character Secondary Use Policy shall prevail.

6. Intellectual Property Rights

6.1. All intellectual property rights (including copyrights, trademarks, patent rights, trade secrets, and other proprietary rights) related to the Platform and Services belong to the Company or its licensors. The User shall not use, reproduce, distribute, or create derivative works of these intellectual property rights, except as expressly permitted by these Terms.

6.2. Intellectual property rights related to content (such as characters, artwork, text, audio, and video) that the User posts, uploads, or publishes on the Platform belong to the User or their licensors. The User grants the Company a non-exclusive, worldwide, royalty-free, sublicensable license to use, reproduce, distribute, display, and create derivative works of such content for the purpose of operating, promoting, and improving the Platform and Services.

7. Disclaimer

7.1. The Platform and Services are provided “as is” and “as available,” and the Company makes no warranties of any kind, express or implied, including but not limited to warranties of merchantability, fitness for a particular purpose, and non-infringement.

7.2. The Company does not warrant that the Platform and Services will operate uninterrupted, timely, securely, or error-free, or that defects will be corrected.

7.3. The User understands and agrees that the use of the Platform and Services is at their own risk.

8. Limitation of Liability

8.1. To the maximum extent permitted by applicable law, the Company shall not be liable for any loss of profits, loss of data, business interruption, or any other indirect, incidental, special, consequential, or punitive damages arising out of or in connection with these Terms or the Platform and Services, even if the Company has been advised of the possibility of such damages.

8.2. In no event shall the Company’s total liability arising out of or in connection with these Terms or the Platform and Services exceed the amount paid by the User for the Services, or 100 Singapore Dollars, whichever is higher.

9. Indemnification

9.1. The User agrees to indemnify and hold harmless the Company and its affiliates, officers, directors, employees, and agents from and against any and all claims, liabilities, damages, losses, and expenses (including reasonable attorneys’ fees) arising out of or in connection with the User’s breach of these Terms, the User’s use of the Platform and Services, or the User’s infringement of any third-party rights (including intellectual property rights).

10. Governing Law and Dispute Resolution

10.1. These Terms and all legal relations between the User and the Company hereunder shall be governed by and construed in accordance with the laws of Singapore.

10.2. Any dispute arising out of or in connection with these Terms shall be finally resolved by arbitration in Singapore in accordance with the Arbitration Rules of the Singapore International Arbitration Centre (SIAC) for the time being in force, which rules are deemed to be incorporated by reference in this clause. The language of the arbitration shall be English.

10.3. Notwithstanding the foregoing, the Company or the rights holder may directly apply to the competent courts in each country for interim relief, such as injunctive relief, against intellectual property infringement.

11. Amendment of Terms

11.1. The Company may amend these Terms at any time. When amendments are made, the latest version will be published on the Platform.

11.2. For tokens already issued, the terms and conditions at the time of issuance shall continue to apply, and Users will not be retroactively required to re-agree. Amended terms and conditions shall apply only to newly issued tokens.

11.3. Registered Users of the Platform will be notified of the amendments and their effective date at least 30 days prior to the effective date of the amended Terms.

12. Contact Information

12.1. For inquiries regarding these Terms, please contact legal@yuru.fun.

13. Miscellaneous

13.1. If any provision of these Terms is found to be invalid or unenforceable by a court of competent jurisdiction, that provision shall be interpreted to achieve its intent to the maximum extent possible, and the remaining provisions of these Terms shall remain in full force and effect.

13.2. The Company’s failure to exercise or enforce any right or provision of these Terms shall not constitute a waiver of such right or provision.

13.3. The User may not assign or transfer their rights or obligations under these Terms without the Company’s prior written consent. The Company may assign or transfer its rights or obligations under these Terms at its discretion.

YuruFun Character Secondary Use Policy for Yuru DAO

Last Updated: April 22, 2026

Issued by: Yuru DAO (hereinafter referred to as “the DAO”)

This policy sets forth the terms of use applicable to individuals or legal entities (hereinafter referred to as “Issuers”) who issue character-based tokens (hereinafter referred to as “Tokens”) on the Yuru DAO platform (hereinafter referred to as “the Platform”). Issuers must agree to this policy when issuing Tokens. Token issuance without agreement will not be accepted.

1. Issuer’s Representations

By issuing Tokens, the Issuer represents that all of the following matters are true and accurate. Violation of any representation may trigger the measures stipulated in Article 2 of this DAO policy.

1.1. Originality and Secondary Use Rights

Issuers shall confirm that the character is their own original work or that they possess legitimate secondary use rights. Specifically, they shall confirm that one of the following applies:

• The Issuer solely owns the copyright to the character.
• The Issuer has obtained written permission for secondary use from the copyright holder (and possesses documentary evidence such as a contract).
• The character’s copyright protection period has expired, and it is in the public domain.
• The character is published under an open license (e.g., CC-BY, CC0) that explicitly permits secondary use.

Issuers shall declare which of the above applies at the time of issuance and shall promptly submit supporting documents if requested by the DAO.

1.2. Agreement to Suspension of Trading and Refunds

If it is found that the Issuer has used a third party’s intellectual property rights (including copyrights, trademarks, design rights, and portrait rights) without permission, the DAO may suspend trading of the relevant Tokens, cancel the issuance, and initiate refunds to purchasers. The Issuer agrees in advance that these measures may be implemented.

The funds for refunds shall be sourced from the total circulating value of the Tokens, reserves held by the Platform, and the Issuer’s staked Token balance. Costs associated with the refund process will also be covered by these funds.

1.3. Obligation to Submit Counter-Evidence against Objections

If the legitimate rights holder of a character or their agent files a claim of infringement against the Issuer’s Tokens, the Issuer shall be obligated to submit counter-evidence in writing or by electronic means within 14 days from the date of receiving the notice.

The counter-evidence shall include objective evidence supporting the representations made in Article 1.1 (e.g., license agreements, copyright registration information, evidence of prior use). If counter-evidence is not submitted within the deadline, or if the submitted counter-evidence is deemed insufficient, the DAO may implement measures under Article 2.

1.4. Measures against False Representations

If any representation made in Article 1.1 is found to be false, the Issuer agrees to the following measures:

• Permanent suspension from the Platform and blacklisting of associated wallet addresses.
• Forfeiture of the Issuer’s staked Token balance on the Platform.
• Allocation of forfeited balance as compensation to victims (legitimate rights holders and purchasers).
• Sharing of the fact of false representation and the Issuer’s identification information with relevant law enforcement agencies, rights holder organizations, and other crypto asset platforms.

“False representation” refers to cases where the Issuer knew that the content was untrue at the time of making the representation, or could have known it was untrue with reasonable care.

1.5. Compliance with Public Order and Applicable Laws

Issuers shall ensure that community activities related to the issued Tokens (including chat on the Platform, community pages, SNS integration, distribution, in-game events, etc.) do not violate the laws, public order, and community guidelines of Japan and other applicable countries.

Specifically, Issuers shall not engage in, nor encourage third parties to engage in, the following acts:

• Dissemination of content that promotes violence, discrimination, hate speech, sexual exploitation, or content that violates the protection of minors.
• Fraud, market manipulation (including pump-and-dump schemes), insider trading, or inducement of transactions through deception.
• Mediation of money laundering, terrorist financing, or transactions subject to economic sanctions.
• Infringement of intellectual property rights, privacy rights, or defamation.
• Unauthorized access to the Platform, denial of service, spam, or automated fraudulent transactions.

Violation of this article may result in the DAO implementing measures equivalent to those in Articles 1.2 and 1.4.

2. Measures Implemented by the DAO

To ensure the effectiveness of this policy, the DAO may implement the following measures. These measures will be executed through the DAO’s governance process (e.g., community voting, approval by the council).

2.1. Suspension of Token Trading and Removal from the Platform

If grounds for violation of Article 1.2, 1.4, or 1.5 are recognized, the DAO may suspend the display, trading functions, and provision of related information for the relevant Tokens on the Platform. This will halt new buying and selling on the Platform’s frontend. However, this does not guarantee the suspension of trading on decentralized exchanges (DEXs). The DAO does not have the technical means to enforce trading suspension on DEXs and is not responsible for any damages arising from continued trading on DEXs.

2.2. Refund Measures for Purchasers

If the Issuer does not provide reasonable counter-evidence or corrective measures within 72 hours after the trading suspension under Article 2.1, the DAO may initiate refund measures for purchasers, using the Issuer’s staked Token balance on the Platform and reserves held by the Platform as funding sources. The refund amount will be proportionally distributed based on each purchaser’s payment at the time of purchase, but the total refund amount will be limited to the extent of these funds. The DAO does not guarantee refunds exceeding these funds and is not obligated to refund losses incurred through trading on DEXs.

2.3. Permanent Suspension

If a violation of Article 1.4 is confirmed, the DAO will permanently suspend the Issuer’s account and associated wallet addresses.

2.4. Forfeiture of Tokens

If a violation of Article 1.4 is confirmed, the DAO will forfeit the Issuer’s staked Token balance and allocate it for compensation to victims and replenishment of ecosystem reserves. The forfeiture process will be executed after a certain grace period (timelock).

2.5. Disclosure of Information

The DAO may disclose the Issuer’s identification information, transaction history, and records of agreement to this policy in response to legitimate requests from law enforcement agencies, courts, or regulatory authorities.

3. Objection Procedure

3.1. Contact for Objections

The legitimate rights holder of a character or their agent may file a claim of infringement by using the “IP Objection Form” on the Platform or by sending an email to legal@yuru.fun. The claim must include the following information:

• Identification information of the claimant and documents proving their rights (e.g., copyright registration information, trademark registration information).
• Identification information of the target Tokens (e.g., mint address, Issuer’s wallet address).
• Specific facts and evidence supporting the claim of infringement (e.g., image comparison, identification of design identity).

3.2. Acceptance and Notification

The DAO will conduct an initial review within 72 hours of receiving a claim. For claims that meet the formal requirements, the DAO will electronically notify the Issuer. At the same time, the transfer of the target Tokens to DEXs will be automatically put on hold.

3.3. Counter-Evidence Submission Period

The Issuer shall submit counter-evidence within 14 days from the date of receiving the notice. The counter-evidence shall include objective evidence supporting the representations made in Article 1.1.

3.4. Decision

The DAO will make a decision after comparing the claimant’s assertions and the Issuer’s counter-evidence. Opinions from independent legal or IP experts may be referenced for the decision. The decision will be electronically notified to both parties.

3.5. Reconsideration

A party dissatisfied with the decision may request reconsideration within 7 days from the date of receiving the decision notice. Reconsideration will be conducted by a different reviewer than the initial decision. The result of the reconsideration is final, and thereafter, the DAO’s internal procedures will conclude. If judicial resolution is desired, the provisions of Article 4 shall apply.

4. Governing Law and Jurisdiction

4.1. Governing Law

These Terms and all legal relations between the Issuer and the DAO hereunder shall be governed by the laws of Singapore.

4.2. Jurisdiction

Any dispute arising out of or in connection with these Terms shall be finally resolved by arbitration in Singapore in accordance with the Arbitration Rules of the Singapore International Arbitration Centre (SIAC) for the time being in force, which rules are deemed to be incorporated by reference in this clause. The language of the arbitration shall be English.

4.3. Interim Relief

Notwithstanding the foregoing, the DAO or the rights holder may directly apply to the competent courts in each country for interim relief, such as injunctive relief, against intellectual property infringement.

5. Amendment of Terms

5.1. Amendments

The DAO may amend these Terms at any time. When amendments are made, the latest version will be published on the Platform.

5.2. Non-Retroactivity to Already Issued Tokens

For Tokens already issued, the terms and conditions at the time of issuance shall continue to apply, and Issuers will not be retroactively required to re-agree. Amended terms and conditions shall apply only to newly issued Tokens.

5.3. Notification Before Enforcement

Registered Users of the Platform will be notified of the amendments and their effective date at least 30 days prior to the effective date of the amended Terms.

6. Contact Information

For inquiries regarding these Terms, please contact legal@yuru.fun.

7. Disclaimer

Tokens issued on the Platform are not designed for investment purposes and do not constitute any form of investment advice, financial product, or security. The value of Tokens is highly volatile, and prices are not guaranteed. Issuers and purchasers shall understand all risks associated with the use of Tokens (including price volatility risk, liquidity risk, smart contract vulnerabilities, and regulatory risk) and act at their own responsibility. The DAO is not responsible for any damages arising from the use of Tokens.

8. Community Guidelines

For the sound operation and development of the Platform, Issuers and Users shall comply with the separately stipulated Yuru DAO Platform Guidelines. The Guidelines detail communication principles, prohibited acts, and content standards, and apply integrally with these Terms. If acts violating the Guidelines are confirmed, measures under Article 1.5 and Article 2 of these Terms may be taken.