Redeemable NFT Rights Exercise Terms

Mizuno Corporation (“Mizuno”) establishes the following terms regarding the exercise of the right to request delivery (the “Right”) of a Redeemable NFT (the NFT being sold on this site with the Right to request delivery of an actual product (the “Product”) represented by the NFT, the “NFT”) sold on the MIZUNO NFT COLLECTION site (the “Site”).

If the NFT is transferred to a third party in the secondary distribution market, the Right will also be transferred to the purchaser along with the NFT.

•The holder of the NFT (including anyone who purchases and holds the NFT in the secondary distribution market, the “Holder”) can request delivery of the Product by exercising the Right in accordance with these Terms.

•The Right will be exercised by the Holder applying to Mizuno for delivery of the Product in accordance with these Terms (the “Application”).

•The Application can be made within the period separately stated on the Site or OpenSea. The Holder cannot make the Application under any circumstances outside of that period, except in cases where the Application was not made due to Mizuno’s intentional or gross negligence. Mizuno is under no obligation to respond to the Application outside of that period.

•Based on the Application, the Holder must satisfy the following conditions in order to receive delivery of the Product.

1.The necessary information for delivery must be entered in the application form (the “Application Form”) that will be added to the Site after the sale of the NFT.
2.The Holder who makes the Application must hold the NFT until delivery of the Product is completed.
3.The address entered in the Application Form must not pose any logistical, legal, or other issues that would interfere with the delivery of the NFT or the ship or other delivery of the Product.


•The Application will be deemed accepted when Mizuno confirms the Application Form has been submitted properly in accordance with these Terms. In addition, if Mizuno determines that the applicant who made the Application is not the legal Holder of the NFT, or if the applicant does not satisfy the conditions in the preceding paragraph, the Application will not be accepted.

•The specifications of the Product will be stated separately on the Site or on OpenSea.

•Mizuno does not make any kinds of representations or warranties about the Product (including warranties of title, non-infringement of the rights of third parties, merchantability, fitness for a particular purpose, and warranties arising out of a course of performance, course of dealing, or usage of trade, etc.).

•The Holder has the right to request the return or replacement of the Product only if the Product as delivered does not conform to the specifications stated on the Site or on OpenSea, or otherwise as permitted by law. If there are no obvious and material defects based on the applicable specifications, or if the request is based on dissatisfaction with the material, workmanship, or quality of the Product (including such cases as dissatisfaction that the size of the Product does not fit the Holder, etc.), the Holder cannot request the return or exchange of the Product.

•In the case that an event such as a natural disaster, transport disruption, war, riot, civil strife, other force majeure, enactment, revision or abolition of laws and regulations, order or disposition by a public authority, industrial action, disruption of transport facilities or communication lines, and other causes that cannot be attributed to any party occurs, Mizuno’s obligation to deliver the Product will be extended for the duration of the event, and if such event affects Mizuno’s obligation to deliver the Product, Mizuno will make delivery after the end of the event. Even if the Site or OpenSea indicates an estimated delivery period, Mizuno does not guarantee that the delivery will be completed within the said period.

•If the Application is made and accepted by Mizuno, thereafter, the Right in respect of the NFT will be forfeited and the Holder of the NFT (including anyone who purchases the NFT in the secondary distribution market after the Application is made) will no longer have the right to make the Application. The Holder or anyone who purchases the NFT shall investigate and confirm whether the Right in respect of the NFT remains at their own responsibility. After acceptance of the Application, Mizuno will not be obligated to re-enable the Application or re-provide the Product or be responsible for not providing the Product. Furthermore, in the event that the Application is accepted and the Right in respect of the NFT is forfeited, Mizuno shall state that effect on the website about the NFT of the Site as soon as possible.

•Mizuno will not be liable for direct, indirect, incidental, consequential, or other indirect, special, punitive, or similar damages of any kind, except where Mizuno is willfully or grossly negligent. In addition, Mizuno assumes only responsibility for the delivery of the Product and assumes no responsibility for any other matters, except in the case of willful misconduct or gross negligence on the part of Mizuno.

•In addition to these terms, the Holder must comply with all laws and taxation systems related to the delivery of the Product applicable to the country or region in which the Holder is located.

•Subject to applicable laws or regulations, Mizuno reserves the right to limit delivery of the Product to any person, country, or region.

•Mizuno reserves the right to refuse delivery of the Product to the Holder and the right to cancel it even after the acceptance of the Application if it violates or is likely to violate applicable laws and regulations.

•Mizuno considers the protection of customer privacy to be extremely important and will appropriately manage the personal information received at the time of the Application (“Registered Information”) in accordance with its Privacy Protection Policy (https://corp.mizuno.com/jp/legal/privacy_policy). In principle, the purpose of use of Registered Information is limited to the following:

(i) to deliver the Product to the customer;

(ii) to provide products and services that customers need;

(iii) to improve customer service; and

(iv) to notify customers of new products and services.

•Mizuno may change these Terms as necessary without obtaining the prior consent of the Holder. In this case, Mizuno will notify the content of the amended terms and the effective date of the change in a manner that Mizuno deems appropriate. Upon arrival of the effective date, the amended terms will take effect for the Holder.

•These terms are written in Japanese and translated into English, but the Japanese version is the original, and the English version has been prepared for reference purposes. In the event of any conflict between these two language versions, the Japanese version will prevail.

•These terms are governed by and interpreted in accordance with Japanese law.

•Regarding disputes based on these terms, the Osaka District Court will be the agreed court with exclusive jurisdiction in the first instance.

•Mizuno will begin manufacturing the Product after the Application has been accepted. Therefore, the Holder of the NFT must accept that it will take a reasonable period of time to manufacture and ship the Product from the time the Application is made until the delivery of the Product.

•Holder shall bear the delivery fees and the customs duty for the Product.