Terms of Use | Social Venture Crowd - Social Crowdfunding Platform

Article 1 General Provisions

1. These Terms of Service (these “Terms”) establish the terms of use for the Service (defined in Article 2) that is provided through the Social Venture Crowd crowdfunding platform (https://socialventurecrowd.com/) (the “Website”) operated by Social Venture Crowd Ltd. (the “Company”).

2. Before using the Service, you must register as a user of the Website and the Service (“Member”) in accordance with Article 4 and agree to these Terms in their entirety. If a Member uses the Service, said Member will be deemed to have agreed to these Terms in their entirety.

3. The Company may amend these Terms for any reason whatsoever.

Article 2 Content and Purpose of the Service

The Company provides Members who propose projects that contribute to solving social and environmental problems (“Project Owners”) and Members who make contributions in the form of money, goods, human resources, knowledge, or the like to the projects proposed by Project Owners (“Project Contributors”) with opportunities to interact and contribute to projects as well as other related services (the “Service”).

Article 3 Scope of the Service

The Service may be provided through the Website and also through other media such as Twitter, Facebook, newsletters, and the like maintained by the Company.

Article 4 Membership Registration, Etc.

1. An individual who registers as a Member in accordance with the instructions on the Website and is approved by the Company will be considered a Member.

2. In accordance with these Terms, a Member may contribute to a project proposed by a Project Owner through the Service.

3. In accordance with these Terms, a Member may propose a project and receive contributions as a Project Owner through the Service.

4. If any of the information registered by a Member is false or mistaken and said Member or another Member thereby incurs damages, the Company shall not be liable for such damages. A Member shall not allow a third party to use its membership, and shall not transfer, lend, create a security interest in, or otherwise dispose its membership, and the Company shall not be liable for any damages incurred as a result of such disposal by said Member or the third party that receives the rights in the membership.

5. Members agree in advance that, because the Service uses the management functions of the Facebook social networking service (“Facebook”) provided by Facebook, Inc., if Facebook cannot be used due to changes in the services offered by Facebook, there may be cases where Members will not be able to use the Service. The Company shall not be liable for any damages incurred by a Member as a result of the functions or services on Facebook.

6. Members agree in advance that the Company will view the membership information it acquires through Facebook and will use such information subject to laws, regulations, and the Privacy Policy.

7. Members agree in advance that, if the Company has canceled a Member’s membership registration in the past, the Company may refuse or cancel any subsequent registration by said Member at its discretion.

8. If there is any change in the registered information, a Member shall promptly notify the Company by changing the registered information on its profile page on the Website.

Article 5 Proposing the Project

1. A Project Owner will propose projects in the manner specified by the Company. In such cases, the Company may request the submission of any documents required by the Company.

2. If the description of the project proposal contains false information or is determined to be inappropriate by the Company, the Company may reject the project proposal.

3. After receiving the project proposal, the Company will review the information contained therein and inform the Project Owner of the results of its review.

4. A Project Owner shall not raise any objections regarding the results of the Company’s review.

5. If the total amount of the contributions (including consumption tax) made by the Project Contributors (the “Contribution Amount”) reaches the amount (including consumption tax) required to execute the project (the “Target Amount”) by the end of the period for raising contributions from Project Contributors (the “Campaign Period”), the Project Owner will provide services or goods (“Rewards”) to the Project Contributors. If the Contribution Amount fails to reach the Target Amount, the Project Owner will not provide any Rewards to the Project Contributors. A Project Contributor may also make donations to the Project Owner by waiving its right to receive the Rewards.

6. A Project Owner will not be able to cancel a project once it has been posted unless the Company determines that there is a compelling need to cancel the project.

Article 6 Contributing to the Project

1. A Project Contributor may contribute to projects by purchasing Rewards or through any other method specified by the Company.

2. A Project Contributor will not be able to modify the content of the contributions to a project or cancel or discontinue the contributions once the contributions have been made.

Article 7 Formation of the Project

1. There are two types of projects: The first type is where the project is formed and contributions are made if the Contribution Amount reaches the Target Amount by the end of the Campaign Period (“Fixed Project”), and the other type is where the project is formed and contributions are made regardless of whether or not the Contribution Amount reaches the Target Amount (provided that the Company may establish a minimum target amount required to execute the project; “Flexible Project”).

2. In a Fixed Project, if the Contribution Amount reaches the Target Amount by the end of the Campaign Period, the contributions to the project will become binding and the Rewards will be sold and purchased (i.e., settlement will be made). The settlement procedures will be carried out in the manner specified by the Company. If the Contribution Amount fails to reach the Target Amount, the contributions of the Project Contributors will be canceled.

3. In a Flexible Project, even if the Contribution Amount fails to reach the Target Amount, so long as the minimum target amount established in advance by the Company is achieved, the contributions to the project will become binding and the Rewards will be sold and purchased (i.e., settlement will be made). The settlement procedures will be carried out in the manner specified by the Company.

4. If the Contribution Amount reaches the Target Amount by the end of the Campaign Period, the Project Owner may shorten the Campaign Period in the manner specified by the Company.

5. Once the contributions to a project become binding, an amount subtracted by the Company’s fee of 15% (includes the fee charged by the payment processing company) will be paid to the Project Owner.

6. Once the contributions to a project become binding, the Project Owner will use the Contribution Amount to execute the project. In addition, the Project Owner will provide progress reports on the activities report page of the project page.

Article 8 Prohibited Acts

(1) Any act that violates laws, regulations, or these Terms

(2) Posting any content unrelated to the Website or the Service or false information on the Website or in the course of the Service

(3) Any act that the Company determines would interfere with the operation of the Website or the Service

(4) Any act that is contrary to public policy

(5) Any act that inflicts any loss or damage on the Company or other Members

(6) Using the Service for any commercial purpose other than for the Service

(7) Any other act that is determined to be inappropriate by the Company

2. If the Company determines that a Member has engaged in a prohibited act under the preceding paragraph, the Company may take the actions that it deems to be necessary (including the suspension or cancellation of membership), and if the Company incurs any damages, the Company may make a claim for damages against said Member.

(1) Personal information without the consent of the identified individual (excluding publicly available information relating to public figures)

(2) Adult-themed images, videos, and other content relating to adult-themed websites

(3) Content that defames or insults others or that harms the reputation or credibility of others

(4) Expression or content that violates, or may violate, the law or is interpreted, or may be interpreted, to be inappropriate based on socially accepted norms

(5) Any other expression or content that is determines to be inappropriate by the Company

Article 9 Force Majeure, Etc.

(2) The Service cannot be operated due to a state of emergency, such as fire, power outage, natural disaster, or the like

(3) The Service cannot be operated due to war, civil strife, riot, disturbance, labor dispute, or the like

(4) The Service cannot be provided due to malfunction or unauthorized access by a third party, computer virus infection, or the like, of a computer system used to provide the Service

(5) The Service cannot be provided due to legal or regulatory actions

(6) The Company otherwise determines that there is a compelling reason

2. If the Company will be suspending the operation of the Service under the preceding paragraph, it shall notify the Members and third parties to that effect in advance by e-mail or through the Website, except in the case of an emergency.

Article 10 Communication relating to the Service

Any communication that a Member sends to the Company or other Members relating to project contributions, project proposal, membership registration or change, or otherwise relating to the Website or the Service will be deemed to be effective or to have arrived when the data from said Member is sent to the Company’s server and the content of the communication is reflected on the Company’s system.

Article 11 Disclaimers

1. The Company shall not be liable for any damages incurred by Members on the Website or in the course of the Service (including but not limited to damages caused by the act of another Member and damages caused by malfunction, unauthorized access by a third party, computer virus infection, or the like of a computer system).

2. When a Project Owner and a Project Contributor sells and purchases Rewards on the Website and communicates with each other in connection with such sale and purchase, they will do so at their own liability. The Company does not provide any warranty that the Rewards will be provided according to the conditions set forth on the Website.

3. The Company may modify, supplement, delete, or eliminate the content of the Service in accordance with Article 12 and shall not be liable for any damages thereby incurred by Members.

4. The provisions of the preceding three paragraphs will not apply in cases where there is willful misconduct or negligence on the part of the Company or if the applicable laws and regulations provide that the Company shall be liable.

Article 12 Amendment of these Terms or the Service

1. These Terms may be amended without any prior notice. If these Terms are amended, the amended Terms will be posted on the Website. If a Member uses the Service after the amendment of these Terms, said Member will be deemed to have agreed to the revision of these Terms.

2. The content of the Service may be modified, supplemented, deleted, or eliminated in the future without any prior notice. If a Member uses the Service after such modification, addition, or deletion, said Member will be deemed to have agreed to such modification.

Article 13 Elimination of Antisocial Forces

(1) The Member is not an organized crime group, entity affiliated with an organized crime group, group that systematically engages in criminal activities, group that engages in terroristic subversive activities, or any other group that is equivalent thereto (“Antisocial Forces”)

(2) Antisocial Forces are not involved in the Member’s management

(3) The Member neither cooperates with nor is involved in the maintenance and operation of Antisocial Forces by providing funding to Antisocial Forces or performing other acts

(4) The special stakeholders (shareholders that have effective control, directors, officers, and their respective spouses, and companies in which the majority of the outstanding shares are owned by such persons) of the Member do not violate any of the items above

2. If a Member violates the preceding paragraph, the Company may take the actions that it determines to be necessary (including the suspension or cancellation of membership), and if the Company incurs any damages, the Company may make a claim for such damages against the Member.

Article 14 Governing Law and Jurisdiction

1. These Terms shall be governed by the laws of Japan.

2. The Tokyo District Court shall have exclusive, first-instance jurisdiction over any dispute between a Member and the Company relating to the Website or the Service.