TERMS
Terms and conditions
Last updated: May 2026 (DRAFT-v2)
Draft — pending counsel review
This text is preliminary boilerplate and has not yet been reviewed by qualified legal counsel. It is provided for transparency only and is not legally binding. The final version will be published before launch.
Scope and parties
These Terms govern the use of the Lombok Invest Capital platform operated for PT LOMBOK INVEST CAPITAL (Indonesia) (the "Issuer") and the purchase, holding, buyback and swap of tokenized fractional villa shares ("Project NFTs") on Polygon mainnet. By creating an account you enter into a contractual relationship with the Issuer and agree to be bound by these Terms. References to "we", "us" and "the platform" mean the Issuer and the third parties engaged by it to operate the platform.
Eligibility and KYC
You must be at least 18 years old, have full legal capacity, and act on your own account and in your own name. You confirm that participation is not prohibited by the laws of your country of residence and that you are not a person subject to international financial sanctions. The platform launches as a closed paid beta limited to 50 invited users. Light identity checks (email verification, address-on-file) apply at sign-up. Full identity verification (KYC) and, where required, source-of-funds checks will be enforced before any payout exceeding regulatory thresholds and in any event before general public launch.
Service description and NFT legal nature
The platform tokenizes fractional economic rights in real-estate projects in Indonesia (primarily Lombok and Bali) as ERC-1155 tokens on Polygon mainnet (chain ID 137). Each Project NFT represents a digital proof of ownership of an economic share in a specific project; per the underlying notarial investor contract executed in Indonesia, holders of an NFT-ID range are recognised as silent partners (stille Beteiligung / passive co-investors) of the respective project. NFT holders are entitled to a proportional share of net rental income ("dividends"), a proportional share of net exit proceeds upon sale of the underlying property, dashboard access to project reports and proofs of ownership, and the right to resell or have their NFT bought back. NFT holders do NOT receive a land-register entry (under Indonesian law only company structures can hold title), do NOT obtain shareholder status in the Issuer, and do NOT have voting rights or any right of co-determination in project management. The platform supports three flows: primary purchase via Wise SEPA; a FIFO buyback facility settled from incoming new investor funds on a per-villa basis; and a swap mechanism between villas (NFT-for-NFT, no fiat leg).
Risks
Investments in tokenized real estate are speculative and carry the risk of total loss. The Issuer makes no promise of any specific return. The platform displays IRR and ERYO figures derived from villa-management projections; these are illustrative targets and not guarantees. Please read the separate Risk notice in full before investing. By proceeding you confirm you have understood and accepted those risks.
Fees and bank charges
Primary purchases include a platform blockchain fee of 1% of the order subtotal, reduced to 0.5% for orders of 1,000 shares or more, charged on top of the per-share price as shown in the order summary. There is currently no separate buyback fee and no swap fee. Wise SEPA transfer fees on the incoming leg may be deducted by Wise from the received amount and are recognised against your purchase balance at the amount actually credited. Any bank fees charged by your own bank on outgoing SEPA payments or on incoming SEPA payouts (for example, fees levied by your bank for processing a SEPA Credit Transfer) are borne by you as the investor. We may amend the fee schedule with 30 days prior notice via email and an in-app banner; you may close your account before the new schedule takes effect.
Custody model
Investor NFTs are held in a per-user smart-contract wallet on Polygon, custodially controlled by the platform via a Privy-managed server-side signer wallet. You do not hold or manage a private key. The platform treasury and the platform signer is the Polygon address 0x004131C3D52C487D905495bC334B9379c15Ac338. The deployed VillaToken (ERC-1155) contract is 0xffff5f8fecb4f2aaf12e317a5a46257c359b2418 on Polygon mainnet. Operational compromise of the Privy signer, the Privy account, or the Issuer's infrastructure could result in unauthorised transfers; see the Risk notice.
No investment, tax or legal advice
Nothing on this platform constitutes investment, tax, or legal advice. We are not a regulated investment firm in the EU sense (no MiFID II authorisation) and do not provide personalised investment recommendations. The OJK (Otoritas Jasa Keuangan) framework under which this offering is structured is still maturing and the present offering is made on the basis of the business concept submitted to OJK; the EU/MiCA classification of the Project NFTs is under review. Consult an independent advisor before investing.
Force majeure
We are not liable for delays or failures caused by events beyond our reasonable control, including natural disasters (earthquakes, tsunamis, volcanic activity), governmental or regulatory measures (including by OJK, German BaFin, EU institutions or Indonesian authorities), network outages, blockchain reorganisations or freezes, failure or insolvency of third-party processors (Wise, Privy, Vercel, Fly, Neon, Resend, Sentry) and similar events.
Governing law and jurisdiction
The investor contract and these Terms are governed by [TBD — likely Indonesian law as the seat of the Issuer; to be confirmed by counsel]. Place of jurisdiction for disputes with merchants is [TBD — to be set by counsel, candidates include Mataram (Lombok) and a designated European forum convenient to the founders]. Mandatory consumer-protection rules of your country of habitual residence (e.g. for German consumers under Rome I Regulation Art. 6) remain unaffected and are not displaced by this clause.
Termination and severability
Either party may terminate the account relationship by giving 30 days' notice; statutory rights to extraordinary termination for cause remain unaffected. Termination of the account does not by itself extinguish your rights as NFT holder; outstanding tokens, accrued dividend entitlements and queued buyback requests are processed according to the relevant project rules. If any provision of these Terms is or becomes invalid, the remaining provisions remain in force; the invalid provision shall be replaced by a valid one that comes closest to the original economic purpose.