Terms and Conditions of Use of the Gachabox and Season 0 loomlock keys

("Gachabox Terms and Conditions")

1. Introduction

1.1. The "Gachabox" is a redemption service operated by Loomlock Labs that allows you to convert a CARD0 redemption coupon into a Season 0 Loomlock key (a "key"). Redemption through the Gachabox is randomised: the aesthetic design of the key you receive is determined at the moment of redemption and is not selected by you in advance. All keys obtainable through the Gachabox perform the same function within the Loomlock ecosystem; the only differences between them are aesthetic. Aesthetic designs may be issued in differing quantities or rarities, but rarity affects only collectibility and appearance, never the functional capabilities of the key.

1.2. A "CARD0 redemption coupon" (or "CARD0 token") is an on-chain token issued under the ERC-1155C creator-token standard that is airdropped by Loomlock to eligible wallet addresses. The CARD0 token is held in your own digital wallet and entitles the holder to redeem it, through the Gachabox, for one Season 0 Loomlock key, subject to these Gachabox Terms and Conditions. Redemption consumes (burns or otherwise expends) the CARD0 token.

1.3. A "key" (or "Loomlock key", “Season 0 Card”) is a phygital asset that operates as part of the Loomlock application and ecosystem. Each key consists of (i) a non-fungible token recorded on a blockchain (the "NFT") and (ii) a physical NFC card (the "Physical key") that, once issued and registered to an acount, can be tapped to trigger app-lock and focus sessions and to access the in-app benefits described in these Gachabox Terms and Conditions. The NFT is the asset of record: it represents ownership of the key and is the item that is held, transferred, or sold. Each key may be combined with, or provide access to, certain visual designs, artwork, or other materials (collectively, the "Artwork"). An NFT is a non-fungible token: a unique, non-interchangeable cryptographic record on a blockchain that, due to the use of blockchain technology, is essentially irreversible and cannot be duplicated when transferred from one person to another.

1.4. The Gachabox, the keys, and any associated NFTs are provided by Loomlock Labs, a company incorporated under the laws of Delaware. ("Loomlock"). Each person who redeems a CARD0 coupon, or who otherwise becomes a holder of a key or an associated NFT, is subject to these Gachabox Terms and Conditions and is referred to herein as "you".

1.5. The redemption, use, and transfer of a key (and any associated NFT) is governed by these Gachabox Terms and Conditions and is performed through the Loomlock application and the Loomlock website at https://loomlock.com (the "Loomlock Platform"). Please read these Gachabox Terms and Conditions carefully before redeeming your CARD0 coupon or carrying out any operation with a key or NFT. For further information on the use of the Loomlock Platform, please consult the relevant Terms and Conditions of Use of the Loomlock Platform.

1.6. These Gachabox Terms and Conditions and any related contract between Loomlock and you are available in English.

1.7. Loomlock reserves the right to amend these Gachabox Terms and Conditions at any time without advance notice. Any amendment is effective on the date the new version is published on the Loomlock Platform. Where these Gachabox Terms and Conditions are replaced with a new version, the previous version will no longer be applicable, effective, or enforceable in relation to any operation made with keys or NFTs after the previous version has been replaced.

2. The Gachabox: redemption and randomised allocation

2.1. Through the Gachabox you may redeem a CARD0 token held in your wallet in order to receive one Season 0 Loomlock key. In order to redeem, you need to:

a) access the Gachabox on the Loomlock Platform;
b) connect a compatible digital wallet holding the CARD0 token (see Section 2.6); and
c) confirm redemption, at which point the CARD0 token is consumed and the aesthetic design of your key is allocated.

2.2. Randomised allocation. You acknowledge and agree that the Gachabox allocates key aesthetics on a randomised basis. You are not entitled to select, request, or be guaranteed any particular aesthetic design, and you may receive any design within the available Season 0 pool, including a design you already hold. Loomlock makes no representation or warranty as to which design you will receive.

2.3. Functional equivalence. Every Season 0 key is functionally identical. Differences between key are purely aesthetic and, where applicable, relate only to collectibility, scarcity, or visual rarity. No aesthetic design confers any additional or superior functionality, benefit, or entitlement over any other, except as expressly stated for a given design at the time of redemption.

2.4. Odds disclosure. Where Season 0 designs are allocated according to defined probabilities or rarity tiers, Loomlock will make the applicable odds or rarity information available on the Loomlock Platform. Such odds and the size of the available pool may change over time in accordance with Section 1.7.

2.5. No exchange or refund based on outcome. Because the function of every key is identical and the aesthetic outcome is randomised and revealed upon redemption, the consumption of a CARD0 token in the Gachabox is final and cannot be reversed, and the key you receive cannot be exchanged or refunded on the basis of its aesthetic design. This does not affect any remedy available to you in the event of a lack of conformity under Sections 5 and 7 or under applicable mandatory law.

2.6. Wallet required. Because the CARD0 token and the resulting key NFT are on-chain assets, a compatible Web3 digital wallet is required to receive the airdropped CARD0 token, to redeem it in the Gachabox, and to hold, issue, de-issue, display, or transfer the resulting key. A wallet is a form of digital storage that lets you hold and transfer digital tokens such as a Loomlock NFT, and it provides you with a wallet address, key vault, secure login, and backup options. Age restrictions may apply when creating a wallet. You are solely responsible for setting up and securing your own wallet.

2.7. These Gachabox Terms and Conditions apply only to keys and NFTs made available by Loomlock. Loomlock has no control over, liability for, or responsibility for any purchase or transfer of NFTs made between third parties and not governed by these Gachabox Terms and Conditions.

2.8. If, after a valid redemption, Loomlock does not make your key available within a reasonable timeframe, you may request that Loomlock make it available within an additional period adequate to the circumstances in accordance with applicable law.

2.9. For any problem relating to redemption through the Gachabox, please contact Loomlock Customer Service as indicated in Section 12 below.

3. Title and rights of use, transfer, and secondary sales

3.1. Where a key is associated with an NFT, ownership of that NFT is mediated entirely by the applicable blockchain. Loomlock does not operate and is not responsible for the blockchain, and may not be able to seize, freeze, or otherwise modify the ownership of an NFT once it has been minted. Your ownership of a key or NFT does not imply any ownership of the Artwork, which includes any design, artwork, image, name, or other material contained in or associated with the key or NFT. Loomlock and its licensors, if any, are and will remain the owners of all intellectual property rights in and to the Artwork. You understand and agree that: (a) your ownership of a key or NFT does not give you any rights or licenses in or to the associated Artwork other than those expressly granted in these Gachabox Terms and Conditions; (b) you may not, except as expressly provided herein, reproduce, distribute, publicly display, publicly perform, create derivative works of, or otherwise commercialise any element of the Artwork without Loomlock's prior written consent, which Loomlock may withhold in its sole discretion; and (c) you will not apply for, register, or attempt to use any of Loomlock's trademarks, trade dress, or service marks, or any confusingly similar marks, anywhere in the world without Loomlock's prior written consent, which Loomlock may withhold in its sole discretion.

3.2. Subject to your continued compliance with these Gachabox Terms and Conditions, Loomlock and its licensors, if any, grant you a limited, revocable, worldwide, non-exclusive, non-transferable, royalty-free license to use and display the Artwork accessible through your key or NFT solely for your own personal, non-commercial use (the "Permitted Uses"). This includes displaying, but not selling, the Artwork on a third-party marketplace, website, or application, provided that such marketplace, website, or application cryptographically verifies each holder's rights so that only the actual owner can display the Artwork.

3.3. The rights granted in Section 3.2 are limited to the period during which you are the owner of the relevant key or NFT, and are automatically transferred together with ownership of that key or NFT. If you sell, swap, donate, give away, transfer, or otherwise dispose of your key or NFT for any reason, you will have no further rights in or to the associated Artwork. Loomlock and its licensors, if any, reserve all rights in and to the Artwork not expressly granted to you herein.

3.4. You acknowledge and agree that you have no right, title, or interest in or to the Loomlock trademarks, distinctive signs, or intellectual property rights, or in or to the Artwork, all of which are and will remain owned by Loomlock or its licensors, if any.

3.5. You agree that you shall not, nor permit any third party to, do or attempt to do any of the following: (i) alter, cut, disassemble, or modify a key or NFT, or incorporate it, wholly or partially, into other digital items; (ii) change, copy, adjust, or modify the Artwork in any way, including its shapes, designs, drawings, attributes, or colour schemes; (iii) use the Artwork to advertise or promote your or any third party's products, services, or professional activity, or in connection with any distribution or sale of products or services; (iv) use the Artwork in connection with images, videos, or other media that depict hatred, intolerance, violence, cruelty, or anything that could reasonably be found to constitute hate speech or to infringe the rights of others; (v) use the Artwork in any form of media except for your own personal, non-commercial use; (vi) sell, distribute for commercial gain (including giving away in the hope of eventual commercial gain), or otherwise commercialise merchandise that includes, contains, or consists of the Artwork; (vii) attempt to trademark, copyright, or otherwise acquire intellectual property rights in or to the Artwork; or (viii) otherwise use the Artwork for your or any third party's commercial benefit. The restrictions in this Section survive the expiration or termination of these Gachabox Terms and Conditions.

3.6. To the extent that Artwork contains licensed intellectual property from third parties, including an artist, brand, celebrity, athlete, or other public figure ("Third Party IP"), you understand and agree that: (i) you have no ownership right, title, or interest in such Third Party IP and may only use it as incorporated in the Artwork and subject to the license and restrictions herein; (ii) depending on the underlying license, Loomlock may need to pass through restrictions on your use of the Artwork; (iii) you may not reproduce the key or NFT on any physical support except as expressly permitted; and (iv) to the extent Loomlock notifies you of such restrictions in writing (email is sufficient), you are responsible for complying with them from the date of notice, and failure to do so is a breach of this license. These restrictions survive expiration or termination.

3.7. You undertake to use the Artwork in accordance with these Gachabox Terms and Conditions and, in case of breach, to indemnify and hold harmless Loomlock and its licensors against any claim, demand, action, damage, cost, expense, or fine arising from your breach. If you engage in any prohibited activity, Loomlock may, in its sole discretion, without notice or liability and without limiting its other rights or remedies, immediately suspend or terminate your account, freeze your NFT, deactivate your key, or disassociate Artwork from your key or NFT. In any such case, you will not receive a refund of any amount you have paid for the key, NFT, or associated coupon.

3.8. You are solely responsible for paying any and all sales, use, value-added, or other taxes, customs, import or export duties, and assessments (including interest and penalties) associated with your key or NFT in any jurisdiction. Following any transfer, you assume all responsibility for any tax obligation in your country of residence, including the correct tax treatment of the transfer and any filing or communication to the relevant tax authorities, releasing Loomlock from any related liability or obligation.

3.9. Secondary sales. A key NFT may be transferred to a third party (a "Secondary Sale") only while it is in a non-soulbound (tradable) state. While no Physical key is issued against it (see Section 3.13). To facilitate a Secondary Sale, you undertake to provide Loomlock with any information and/or personal data reasonably needed to enable the transfer.

3.10. All Secondary Sales are subject to Loomlock's or its licensors' rights in the Artwork and to the restrictions on the Permitted Uses set out above. You must impose those restrictions on any person or entity to whom you transfer or sell the NFT, with a corresponding obligation on that party to impose the same restrictions on any subsequent transferee, and so on in perpetuity, so that the restrictions on Permitted Uses apply to the NFT forever.

3.11. If you (or any successor) transfer or sell the NFT without including a provision imposing the restrictions on Permitted Uses on the transferee, you (and any successor) agree to fully indemnify Loomlock against any related claim and to reimburse Loomlock for the costs it incurs in seeking to enforce those restrictions.

3.12. Royalties. Secondary Sales of NFTs may be subject to a royalty of [e.g. 10%], enforced at the smart-contract or marketplace level. By transferring or selling an NFT you agree to the applicable royalty terms in effect at the time of the transaction.

3.13. Issuance, soulbinding, and de-issuance of the Physical key.

(a) Default state. When first produced by the Gachabox, a key NFT is in a non-soulbound (tradable) state and exists without a Physical key.
(b) Issuance. You may request that the Physical key be produced and issued to you through the services available at the Loomlock Platform, subject to payment of the applicable issuance fee (see Section 4.3) and provision of a valid shipping address. Upon issuance, the corresponding NFT automatically becomes soulbound (non-transferable) for so long as the Physical key remains issued. While soulbound, the NFT cannot be sold, swapped, transferred, or otherwise disposed of, and is not eligible for Secondary Sale. This issuance may come alongside an issuance fee.
(c) Rationale. The NFT is the asset of record and the item that is traded; the soulbinding of the NFT upon issuance exists to ensure that the on-chain record continues to represent verified ownership and to prevent the same key being held physically by one person while traded on-chain by another.
(d) De-issuance. You may de-issue a previously issued Physical key through the services available at the Loomlock Platform. De-issuance requires that the Physical key be returned to, deactivated by, or otherwise relinquished in accordance with the process and conditions specified by Loomlock at the time. Upon successful de-issuance, the corresponding NFT reverts to a non-soulbound (tradable) state and again becomes eligible for transfer and Secondary Sale.
(e) Risk and responsibility. You are responsible for following the issuance and de-issuance procedures correctly. Where the de-issuance process requires return shipment of a Physical key the allocation of risk for loss in transit will be as specified by Loomlock in the applicable process terms. Soulbound and tradable supply may be tracked separately, and the relevant counters update as key are issued and de-issued.
(f) Key custody and display. You may store your own private keys, retain control over your NFTs, and display your NFTs publicly (for example, on marketplaces), with the exception that you may not offer a soulbound NFT for sale.

4. Price, fees, and method of payment

4.1. CARD0 tokens are airdropped to eligible wallets at no monetary cost. Where a Loomlock physical product, key, or other item is sold rather than airdropped, payment is made in fiat currency only and not in cryptocurrency, in the local currency specified by Loomlock from time to time.

4.2. Where you carry out an on-chain operation (for example, redeeming a CARD0 token, issuing or de-issuing a Physical key where this involves an on-chain state change, transferring an NFT, or completing a Secondary Sale), that operation may require payment of blockchain network fees (for example, "gas" fees paid to the network of nodes that run the blockchain). A blockchain fee is payable for each transaction that occurs on the blockchain.

4.3. Issuance fee. Production and issuance of a Physical key through the Loomlock Platform may be subject to an issuance fee of $10, plus any applicable shipping costs and taxes. De-issuance may also be subject to a fee and/or to return-shipping costs as specified by Loomlock at the time. Issuance and de-issuance availability and fees may change in accordance with Section 1.7.

4.4. Loomlock has no control over payments made in Secondary Sales and is not in a position to reverse any payment or transaction relating to operations with NFTs. Loomlock has no liability to you or any third party for any claim, damage, or malfunction arising from any payment executed for the redemption, issuance, de-issuance, or transfer of key or NFTs.

4.5. You acknowledge that the value of an NFT is subjective and can be volatile. Loomlock cannot guarantee that any NFT will retain its original or any particular value.

5. Conformity of keys and NFTs

5.1. When you redeem your CARD0 coupon and receive your key, you are required to check that the key and any associated Artwork are consistent with the description provided by Loomlock. In the event of a lack of conformity, you may request that Loomlock replace the key or associated NFT with a conforming one, where feasible. A randomised aesthetic outcome that is functionally conforming is not, by itself, a lack of conformity (see Section 2.5).

5.2. To notify a lack of conformity and request a remedy, you may contact Loomlock at the email address indicated in Section 12 below.

6. Third-party services

6.1. keys may be linked to NFTs that are minted on a blockchain, and on-chain operations are facilitated using third-party providers, including wallet providers, marketplaces, and node infrastructure.

6.2. Any third-party platform, site, or resource is provided solely for your convenience. Loomlock has no control over them and is not responsible for their availability, accuracy, or completeness. Loomlock is not liable for any loss or damage incurred as a result of the availability or unavailability of any such third-party platform, site, or resource, or as a result of any reliance you place upon any content made available through them.

7. Limited warranty and disclaimers

7.1. Loomlock will guarantee the conformity of the keys and NFTs to the technical characteristics described at the time of redemption, subject to applicable law. Liability is excluded where: (i) the defect did not exist at the time Loomlock made the key or NFT available (for example, where damage was caused by your own attempt to tamper with it); (ii) the state of technical knowledge relating to blockchain technology and smart contracts did not allow the key or NFT to be considered defective at that time; or (iii) the malfunction is directly attributable to the underlying public blockchain (such as Ethereum), which is not governed by any central entity and over which Loomlock has no control.

7.2. Subject to applicable law, including any mandatory consumer-protection provisions, you acknowledge and agree to use keys and NFTs at your sole risk, including risks relating to quality, performance, functionality, and accuracy.

7.3. In the event of a lack of conformity, you have the right to restoration of conformity where technically possible, or to termination of the contract within the terms provided by applicable law. You do not have the right to terminate the contract if the lack of conformity is minor.

7.4. Loomlock is not responsible for any error resulting from the failure of your connection to the Loomlock Platform, the failure of the Loomlock Platform to function properly, or technical issues relating to redemption, conversion, or transfer of keys or NFTs caused by internet failures, accidents, malfunctions, acts of God, epidemics, legal measures, or any other event beyond Loomlock's control.

7.5. keys (where associated with NFTs) and NFTs are intangible digital contents that exist by virtue of the ownership record maintained on the blockchain, and the relevant smart contracts exist solely on the blockchain. Loomlock has no control over, and makes no promises or guarantees regarding, any blockchain operation, and has no liability for any issue or loss related to the blockchain or to smart contracts behaving in an unexpected way. You are solely responsible for securing your private key. Any party with access to your private key will be able to transact and take any NFT associated with that key. Keep your private key secure and never disclose it to anyone.

7.6. You agree to indemnify and hold harmless Loomlock, its affiliates, and their officers, directors, employees, and agents from and against any claim, dispute, demand, liability, damage, loss, cost, or expense arising out of or connected with (i) your use of keys or NFTs or (ii) your violation of these Gachabox Terms and Conditions or applicable law.

8. Additional benefits

8.1. From time to time, Loomlock may extend special access or other opportunities (collectively, "Special Benefits") to holders of a particular key, NFT, or collection. For example, registering a key may activate your account to a particular tier or grant in-app Locky packs or traits, and Special Benefits may include access to exclusive content, early access to content or drops, discounts, redemption of physical goods, event access, or other perquisites determined by Loomlock in its sole discretion.

8.2. Any Special Benefit will be described at the time it is offered. All details and restrictions not specified at that time are determined by Loomlock in its sole discretion.

8.3. Special Benefits are subject to availability. Loomlock may limit the number of Special Benefits that may be redeemed in aggregate, per account, per day, per key, per collection, or by any other generally applicable metric, in its sole discretion.

8.4. Loomlock reserves the right to modify, amend, or revise the Special Benefits it makes available. You may not rely on the continued availability of any Special Benefit. The type of key or NFT required to access a Special Benefit may change, a Special Benefit may be withdrawn, and restrictions may be imposed by Loomlock, its designee, or a third-party partner supplying the Special Benefit. Loomlock may substitute Special Benefits of comparable or greater value if a redeemed Special Benefit becomes unavailable. Unless otherwise specified, physical Special Benefits will be fulfilled within a reasonable period from the date of redemption. Special Benefits pictured in promotional materials are for illustration only, and the actual Special Benefit may vary.

8.5. You are solely responsible for all taxes (including income taxes and any reporting consequences) in connection with a Special Benefit. Special Benefits do not constitute your property, have no cash value, may not be redeemed for cash, and may not be sold, auctioned, bartered, brokered, transferred, assigned, or used for any gambling activity. Any Special Benefit obtained fraudulently will be deemed void and may be confiscated or cancelled.

8.6. If a key or NFT entitles you to a Special Benefit that requires Loomlock to share your account information with a third party, you consent to that sharing to facilitate the benefit. Physical Special Benefits will be shipped only to the address on file for your account and not to any other person or address. A pattern of redeeming physical Special Benefits preceded or followed by changing the account address may be viewed as redemption fraud and could result in termination of your access to Special Benefits.

8.7. Loomlock may modify how Special Benefits are earned and used, the types or classes available, and the conditions under which they expire or are forfeited, at any time, with or without notice, even where this affects benefits you have already earned.

8.8. Some Special Benefits are offered on a first-come, first-served or otherwise capped basis. You may not rely on continued availability. If the Loomlock Platform terminates, previously available Special Benefits may become unavailable, and any Special Benefit associated with a key, collection, or account at the time of termination will be forfeited without compensation.

8.9. Loomlock may suspend or cancel your access to a Special Benefit with immediate effect if it determines, in its sole discretion, that you have: (a) acted inconsistently with applicable laws; (b) acted fraudulently or abusively; (c) breached these Gachabox Terms and Conditions; (d) engaged in fraud or abuse concerning a Special Benefit; or (e) engaged in conduct that causes Loomlock to suspend or terminate your access to the Loomlock Platform. Loomlock may also take appropriate administrative or legal action. Nothing in these Gachabox Terms and Conditions limits Loomlock's exercise of any legal or equitable right or remedy.

8.10. Loomlock is not responsible or liable for, and is released from, any cost, injury, loss, or damage of any kind arising from participation in a Special Benefit or from your acceptance, receipt, possession, use, or misuse of a Special Benefit. WITHOUT LIMITING THE FOREGOING, SPECIAL BENEFITS ARE PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, AND LOOMLOCK DISCLAIMS ALL SUCH WARRANTIES, INCLUDING THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

9. Limitation of liability

9.1. YOU AGREE THAT LOOMLOCK AND ITS PARENTS, AFFILIATES, SUBSIDIARIES, LICENSORS, AND ASSIGNS, AND EACH OF THEIR RESPECTIVE EMPLOYEES, OFFICERS, AND DIRECTORS (COLLECTIVELY, THE "RELEASED PARTIES"), ARE NOT LIABLE TO YOU OR ANY THIRD PERSON FOR DAMAGES OF ANY KIND, WHETHER BASED IN TORT, CONTRACT, STRICT LIABILITY, OR OTHERWISE, INCLUDING ANY INDIRECT, CONSEQUENTIAL, EXEMPLARY, INCIDENTAL, SPECIAL, OR PUNITIVE DAMAGES, OR LOST PROFITS, ARISING OUT OF OR IN CONNECTION WITH THE KEYS, NFTs, THE GACHABOX, OR ANY ERROR OR OMISSION IN THE TECHNICAL OPERATION OF THE LOOMLOCK PLATFORM, EVEN IF LOOMLOCK HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, AND WHETHER CAUSED IN WHOLE OR IN PART BY NEGLIGENCE, ACTS OF GOD, TELECOMMUNICATIONS FAILURE, THEFT, DESTRUCTION OF, OR UNAUTHORISED ACCESS TO A KEY OR NFT (COLLECTIVELY, THE "RELEASED MATTERS").

9.2. In connection with this waiver and release, you acknowledge that you may later discover claims presently unknown or unsuspected, or facts different from those you now believe to be true; nevertheless, you intend to release fully and forever all Released Matters, and the releases set out herein remain in effect notwithstanding the discovery of any such additional or different claims or facts.

9.3. Nothing in this Section excludes or limits any liability that cannot be excluded or limited under applicable mandatory law.

10. Governing law and disputes

10.1. These Gachabox Terms and Conditions are governed by and construed in accordance with the laws of Delaware, without regard to conflict-of-law principles. Any dispute arising out of or connected with the Gachabox, a key, or an NFT will be resolved by binding arbitration before a recognised provider.

10.2. Where you are a consumer, nothing in this Section deprives you of the protection of any mandatory provision of the law of your country of habitual residence, including any right to bring proceedings in, or have the dispute governed by the law of, that country where required by applicable law.

11. Data protection

11.1. To allow you to redeem your CARD0 coupon and use your key and any associated NFT through the Loomlock Platform, Loomlock may process your personal data in accordance with the Loomlock Privacy Policy and Cookie Policy available on the Loomlock Platform.

12. Contact details

12.1. For any complaint, additional information, or assistance relating to the Gachabox, keys, or NFTs, and for any request for clarification regarding these Gachabox Terms and Conditions, you may contact Loomlock Customer Service at support@loomlock.com.

13. Severability

13.1. Should any provision of these Gachabox Terms and Conditions be held unlawful, void, or unenforceable, that provision shall be deemed severable and shall not affect the validity or enforceability of any other provision. These Gachabox Terms and Conditions may not be amended, nor any obligation waived, without Loomlock's written authorisation. Any failure to enforce any provision shall not constitute a waiver of that or any other provision.

Last updated: Wed 3rd June, 2026