End User License Agreement (EULA)

This End User License Agreement (this "Agreement") sets forth the terms and conditions applicable between System Design Office OBA ("we," "us," or the "Licensor") and the individual or legal entity using the mobile application "Activist Watcher" (including the application itself, any updates, additional features, and related documentation accompanying it; the "App") (such individual or entity, the "Customer"), with respect to the use of the App.

The App is provided through the App Store, Google Play, and other distribution platforms (each a "Distributor"). The App is not sold but is licensed for use under this Agreement. By downloading, installing, or using the App, the Customer is deemed to have agreed to all of the terms of this Agreement. If the Customer does not agree to this Agreement, the Customer must not download, install, or use the App.

We reserve all rights in and to the App that are not expressly granted to the Customer under this Agreement.

Article 1 (Scope of License)

1. Subject to the terms of this Agreement, we grant the Customer a non-exclusive, non-transferable license to use the App on a device owned or controlled by the Customer.
2. The terms of this Agreement also apply to any content, data, materials, and services accessed from or obtained within the App, as well as to any upgrades to the App provided by us (including those that replace or supplement the original App).
3. The Customer must not place the App on a network in a manner that allows it to be used simultaneously from multiple devices.
4. The Customer must not transfer, redistribute, or sublicense the App to any third party.
5. Except to the extent permitted by applicable law or by the license terms of any open-source components included in the App, the Customer must not reproduce, reverse engineer, decompile, disassemble, attempt to derive source code from, modify, or create derivative works of the App or any part thereof.

Article 2 (Important Disclaimer Regarding Investment Information)

1. The App is an information-provision tool that obtains and analyzes disclosure documents under the Financial Instruments and Exchange Act (such as Large Shareholding Reports, Change Reports, and Annual Securities Reports) and other publicly available information, and organizes, classifies, and displays such information.
2. The information, analysis, and classifications provided by the App (including the determination and classification of the purpose of holding in Large Shareholding Reports, Change Reports, and other disclosure documents, displays relating to an "Act of Making Important Proposal, etc.", and any and all other analytical results) are for general informational purposes only, and do not constitute any recommendation, solicitation, or investment advice regarding the acquisition, holding, or sale of any particular financial instrument.
3. The App does not engage in any business requiring registration under the Financial Instruments and Exchange Act, such as the investment advisory and agency business, and the information provided by the App does not, in any sense, constitute advice, a recommendation, or a guarantee with respect to investment decisions.
4. All final investment decisions must be made by the Customer at the Customer's own discretion and responsibility. To the extent not prohibited by applicable law, we shall not be liable for the results of any investment or other action taken by the Customer based on the information provided by the App. The Customer shall use the App with an understanding that investments carry the risk of loss of principal and other losses.
5. The App is not intended to provide information for short-term trading, day trading, automated trading, or any other transactions for which immediacy or completeness is important. To the extent not prohibited by applicable law, we shall not be liable for the results of the Customer's use of the App for such purposes.
6. As necessary, the Customer should seek advice from independent financial, tax, or legal professionals before investing in securities or taking other action.

Article 3 (Data Sources and Accuracy of Information)

1. The App uses publicly available information obtained from external information sources, including EDINET, as the basis for its analysis.
2. We make no warranty whatsoever as to the accuracy, completeness, currency, timeliness, usefulness, or fitness for a particular purpose of the information obtained and displayed by the App. Due to changes in the specifications of external information sources, missing, delayed, or erroneous data, the limitations of analytical processing, and similar factors, the content displayed by the App may differ from the original source materials (such as the original disclosure documents).
3. The determination and classification of the purpose of holding, keyword detection, and any and all other automated determinations and classifications in the App are based on our own criteria and mechanical processing, and we do not warrant their validity, accuracy, or comprehensiveness.
4. In making any important investment decision or other determination, the Customer shall not rely solely on the content displayed by the App, and shall always verify the original source materials and primary information independently.
5. In the event that the content displayed by the App differs from the content of the original source materials or primary information, the content of the original source materials or primary information shall prevail.
6. Changes in the availability, content, specifications, or terms of use of external information sources, among other things, may affect all or part of the functions of the App. Any change, suspension, discontinuation, or termination of the App or related services in such cases shall be governed by Article 12.

Article 4 (No Affiliation with Public Authorities, Exchanges, etc.)

1. The App is not provided, endorsed, sponsored, or guaranteed by the Financial Services Agency, EDINET, securities exchanges, listed companies, the filers of disclosure documents, or any other third party.
2. Even where the names, logos, terminology, or marks of such public authorities, exchanges, or other third parties are used in the App, such use is limited to the purpose of identifying the relevant information source, and does not signify any affiliation, sponsorship, or official relationship between us and such third party.

Article 5 (Disclaimer Regarding Notification Functions)

1. We do not warrant the immediacy, reliability, completeness, or continuity of the notification functions, alert functions, or other information-delivery functions of the App.
2. Delays, non-delivery, duplication, misdelivery, or discrepancies in the content of notifications may occur due to the communication environment, the Customer's device settings, the operating system, the Distributor, external services, external information sources, or other circumstances.
3. To the extent not prohibited by applicable law, we shall not be liable for any damages incurred by the Customer in connection with the notification functions. The Customer shall not rely solely on the App's notifications and shall verify the original source materials and primary information independently with respect to important matters.

Article 6 (Fees and Subscriptions)

1. The App may provide functions that can be used free of charge and functions that can be used through a paid subscription (the "Paid Functions").
2. The fees, billing periods, and content of the Paid Functions shall be as displayed within the App or on the store page of the Distributor.
3. The purchase, automatic renewal, cancellation, refund, change of payment method, and other matters relating to the billing of subscriptions shall be governed by the terms and policies established by the Distributor from which the Customer obtained the App (such as the App Store or Google Play). We shall not bear any responsibility for payment processing carried out through the Distributor's billing system beyond the scope of the Distributor's terms.
4. The purchase, renewal, cancellation, refund, change of payment method, and other procedures relating to the Paid Functions shall be carried out through the account settings of the Distributor used by the Customer or the procedures provided by the Distributor.
5. Even if the Customer cancels a subscription, the Customer may continue to use the Paid Functions until the end of the applicable billing period, and fees already paid will not be refunded except where permitted by the Distributor's policy.
6. Uninstalling the App is a procedure separate from cancelling a subscription. Even if the Customer uninstalls the App, the subscription will continue unless the cancellation procedure set forth in Paragraphs 3 and 4 is carried out, and billing will continue in accordance with such procedure. A Customer who wishes to cancel a subscription must, separately from uninstalling the App, carry out a separate cancellation procedure through the account settings of the Distributor or the procedures provided by the Distributor.

Article 7 (Prohibited Acts)

In using the App, the Customer must not engage in any of the following acts:

1. The acts set forth in Article 1, Paragraph 5 (reverse engineering, modification, reproduction, etc.).
2. Accessing the App or its underlying servers and obtaining data by automated means (such as scraping, bots, or crawlers).
3. Accessing or attempting to access the communications, API, servers, databases, or other systems of the App beyond the normal manner of using the App.
4. Redistributing, reselling, transmitting to the public, or otherwise providing to a third party, or commercially exploiting, any information, analytical results, or displayed content obtained through the App, without our prior written consent.
5. Excessive access, or any other act that imposes an excessive load on the App or our servers, or that interferes with their operation.
6. Circumventing, disabling, or interfering with the security measures of the App.
7. Using the App for the purpose of, or in preparation for or in furtherance of, insider trading, market manipulation, unfair trading, or other acts that violate laws and regulations.
8. Displaying the App or the information provided by it as if there were official information, approval, guarantee, or recommendation from us, the Financial Services Agency, EDINET, securities exchanges, or any other third party, or otherwise causing a third party to be misled in this regard.
9. Acts that violate laws, regulations, or public order and morals, acts that infringe the rights of third parties, or other acts that we reasonably determine to be inappropriate.

Article 8 (Handling of Data)

1. For the purposes of providing the App, updating the software, analyzing defects, improving functions, and providing support, among others, we may obtain and use technical data and other information relating to the Customer's device, system, application software, and usage status.
2. We separately establish a privacy policy regarding the handling of personal information, device information, usage information, crash logs, advertising identifiers, purchase information, and other data in the App.
3. In using the App, the Customer shall review such privacy policy in advance.
4. Where the consent of the Customer is required by applicable law with respect to any particular function or data processing in the App, we will obtain such consent separately through the procedures designated within the App or by the Distributor.

Article 9 (External Services)

1. The App may enable access to services and websites provided by us or third parties ("External Services"). The Customer shall use External Services at the Customer's own responsibility.
2. We are under no obligation to verify the content or accuracy of External Services provided by third parties, and, to the extent not prohibited by applicable law, we shall not be liable for the External Services of such third parties themselves.

Article 10 (No Warranty)

1. The Customer expressly acknowledges that use of the App is at the Customer's own responsibility.
2. To the maximum extent permitted by applicable law, the App and the services provided by it are provided on an "AS IS" and "AS AVAILABLE" basis, with all faults. We disclaim all warranties and conditions with respect to the App and the services, whether express, implied, or statutory, including warranties of merchantability, satisfactory quality, fitness for a particular purpose, accuracy, quiet enjoyment, and non-infringement of third-party rights.
3. No information or advice given by us or our authorized agents, whether oral or written, shall create any warranty not set forth in this Agreement.
4. Where the exclusion of implied warranties or the limitation of a consumer's statutory rights is not permitted under consumer contract laws or other applicable law, the above exclusions and limitations may not apply to such Customer.

Article 11 (Limitation of Liability)

1. To the extent not prohibited by applicable law, we shall not be liable for any incidental, special, indirect, or consequential damages (including, but not limited to, lost profits, loss of data, business interruption, or other commercial damages or losses) arising out of or in connection with the use or inability to use the App, regardless of the cause of such damages or the legal basis of liability (whether contract, tort, or otherwise), and even if we have been advised of the possibility of such damages.
2. To the extent not prohibited by applicable law, our total liability to the Customer for damages in connection with this Agreement shall be limited to the amount actually paid by the Customer to us with respect to the App during the one-year period immediately preceding the occurrence of the event giving rise to such damages.
3. The provisions of the preceding paragraphs shall not apply to damages arising from our willful misconduct or gross negligence. In addition, where a provision that wholly exempts a business operator from liability is rendered invalid under the Consumer Contract Act or other applicable law, this Article shall apply to the extent not in conflict with such law.

Article 12 (Change, Suspension, and Termination of Services)

1. We may, at our discretion, change, add to, suspend, discontinue, or terminate all or part of the App or services related to the App.
2. We will endeavor to notify the Customer in advance to the extent reasonably practicable. However, in cases of emergency, in cases attributable to external information sources, Distributors, telecommunications carriers, cloud service providers, or other third parties, or where unavoidable for technical or operational reasons, we may take such action without prior notice.
3. To the extent not prohibited by applicable law, we shall not be liable for any damages incurred by the Customer due to the change, suspension, or termination of services under this Article.

Article 13 (Term and Termination of the Agreement)

1. This Agreement shall remain in effect until terminated by either the Customer or us.
2. If the Customer breaches any provision of this Agreement, the Customer's rights under this Agreement shall automatically terminate.
3. The Customer may terminate this Agreement at any time by ceasing all use of the App and deleting (uninstalling) the App from the Customer's device. However, uninstalling the App is a procedure separate from cancelling a subscription, and if the Customer has purchased a paid subscription, merely uninstalling the App will not cancel such subscription and billing will continue. A Customer who wishes to cancel a subscription must carry out a separate cancellation procedure in accordance with Article 6, Paragraphs 3, 4, and 6.
4. Even after the termination of this Agreement, provisions that by their nature should survive (including Articles 2, 3, 4, 5, 7, 10, 11, 14, 15, and 17) shall remain in effect.

Article 14 (Amendment of this Agreement)

1. We may amend this Agreement where there is a change in the content of the App, an amendment of laws or regulations, or where we otherwise deem it necessary.
2. When we amend this Agreement, we will give notice of the content of the amended Agreement, the effective date of the amendment, and the fact of the amendment, by appropriate means such as within the App, on our website, or on the store page of the Distributor.
3. The amended Agreement shall take effect from the effective date determined by us in the notice under the preceding paragraph. However, with respect to any amendment for which the individual consent of the Customer is required by law, we will separately obtain the Customer's consent through the procedures designated within the App or by the Distributor.
4. If the Customer continues to use the App on or after the effective date set forth in the preceding paragraph, the amended Agreement shall apply to this Agreement between the Customer and us.

Article 15 (Intellectual Property Rights and Open Source)

1. All copyrights, trademark rights, and other intellectual property rights in and related to the App belong to us or the rightful right holders.
2. This Agreement does not transfer or grant to the Customer any rights in the intellectual property rights set forth in this Article beyond the scope of the license expressly set forth in this Agreement.
3. The App may include software, libraries, data, or components (including open-source software) in which third parties hold rights. The license terms established by such third parties may apply to these, and such terms are provided through the license display screen within the App or by a method designated by us.

Article 16 (Use by Minors)

1. A Customer who is a minor shall use the App after obtaining the consent of a person with parental authority or other legal representative.
2. We treat the Customer as having obtained the necessary consent with respect to the purchase of Paid Functions and other use of the App.

Article 17 (Governing Law and Jurisdiction)

1. The formation, validity, interpretation, and performance of this Agreement shall be governed by and construed in accordance with the laws of Japan.
2. With respect to any and all disputes arising between the Customer and us in connection with this Agreement or the App, where the Customer is a consumer as defined under the Consumer Contract Act, the court having jurisdiction shall be determined in accordance with applicable laws and regulations.
3. Where the Customer is a business operator or does not fall under the definition of a consumer under the Consumer Contract Act, the Japanese district court having jurisdiction over the location of the Licensor (System Design Office OBA) shall be the court of exclusive agreed jurisdiction of first instance for any and all disputes arising between the Customer and us in connection with this Agreement or the App.

Article 18 (Miscellaneous)

1. Even if any provision of this Agreement is held to be invalid or unenforceable under applicable law, the remaining provisions of this Agreement shall continue to be in full force and effect.
2. Our failure to exercise any right under this Agreement shall not be deemed a waiver of such right.
3. Translations of this Agreement into languages other than Japanese may be prepared. Any such translation is provided for reference purposes only, and the Japanese version constitutes the authoritative text of this Agreement. In the event of any discrepancy or inconsistency between the Japanese version and any translation, the Japanese version shall prevail.

Contact

For inquiries regarding this Agreement, please contact us at the following:

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