Jonas Lund Token

Futures

Material

Painting

Dimensions

100×80cm

Expires

SEPT 2028

Edition

Unique

Futures Contract

This document serves as a disclaimer and outlines important terms and conditions governing the Jonas Lund Token Futures Contract ("Contract"). Please read the following information carefully before engaging in any transactions involving the Contract. 1. Nature of the Contract
• The Jonas Lund Token Futures Contract (the "Contract") represents a unique financial instrument linked to the future delivery of physical art works created by Jonas Lund ("Art Works").
• The Contract operates similarly to traditional futures contracts, with the exception that it is tied to the delivery of physical Art Works instead of traditional commodities or assets. CONTINUES ON THE BACK

Jonas Lund Token

Futures

Futures Contract continued

  1. Conversion and Delivery
    • At the specified maturity date as defined in the Contract, the holder of the Contract is entitled to receive the corresponding physical Art Work.
    • The quality of each delivered Art Work is appraised by the Jonas Lund Token board at the time of the contract expiry date.
    • The quality of the Art Work will be assessed according to predefined criteria.
  2. Quality Standards
  3. Price Adjustments
    • If the delivered Art Work falls below the A Quality standard, the Contract holder may request a discount on the Contract.
    • If the delivered Art Work exceeds the A Quality standard, as in the case of AA or AAA Quality, the Contract holder may be required to pay an additional premium amount.
  4. Jonas Lund Tokens
    • Upon acquiring this Contract, the quantity of Jonas Lund Tokens (JLTs) to be associated with the Contract shall be based on the purchase price and the price of JLT at the time of purchase.
    • The Jonas Lund Tokens attached to the contract will be transferred to Buyer at the time of purchase.
  5. Art Work Authenticity
    • Every effort is made to ensure the authenticity of the Art Work delivered under the Contract.
    • The Art Works are genuine creations by Jonas Lund.
  6. Risks and Volatility
    • The value of the Jonas Lund Token Futures Contract may fluctuate based on market conditions, Art Work quality, and other factors.
    • Holders of the Contract should be aware of the potential for gains as well as losses.
    • In the event of the Artist passing, this contract will not expire, and will remain as a Futures contract in perpetuity
  7. Dispute Resolution
  8. Regulatory Compliance
    • Participants in the Contract should be aware of and comply with all relevant laws and regulations governing NFTs, futures contracts, and art transactions in their jurisdiction.
  9. Shipping
    • The reciever of the final artwork is responsible for all shipment costs, including but not limited to crating, packaging, customs and any other fees incurred on the reception of the art work.

By engaging in transactions involving the Jonas Lund Token Futures Contract, you acknowledge that you have read, understood, and accepted the terms and conditions outlined in this disclaimer. It is strongly advised to seek professional financial and legal advice before entering into any such transactions. The Contract's terms and conditions are subject to change, and any updates will be communicated as necessary. BACK

Jonas Lund Token

Futures

Futures Contract, Appendix A

  1. A Quality Criteria
    • This section outlines the specific criteria that an Art Work must meet to be categorized as "A Quality" within the Jonas Lund Token Futures Contract. An Art Work classified as A Quality shall satisfy the following conditions:
  2. Artistic Integrity
    • The Art Work should authentically reflect the artistic vision and intent of Jonas Lund, without significant deviations or alterations.
  3. Craftsmanship
    • The Art Work should demonstrate a high level of craftsmanship, characterized by skill, precision, and attention to detail in its creation.
  4. Materials
    • Quality materials appropriate for the intended purpose of the Art Work must be used, meeting industry standards for durability and appropriateness.
  5. Condition
    • The Art Work should be in excellent condition, free from significant damage, wear, or deterioration. It should be suitable for presentation and long-term preservation.
  6. Originality
    • The Art Work must be an original creation by Jonas Lund, free from any issues related to plagiarism or copyright infringement.
  7. Artistic Value
    • The Art Work should possess artistic value and significance, contributing to Jonas Lund's body of work and artistic reputation.
  8. Documentation
    • Proper documentation and provenance records must accompany the Art Work to verify its authenticity, history, and adherence to contractual requirements.
  9. Adherence to Contract Terms
    • The Art Work should comply with all other terms and conditions outlined in the Jonas Lund Token Futures Contract relevant to A Quality classification.
    • It is important to note that the Jonas Lund Token (JLT) board will conduct an evaluation based on these criteria to determine whether an Art Work qualifies for the A Quality designation. The decision of the JLT board is final and binding in this regard.

By engaging in transactions involving the Jonas Lund Token Futures Contract, you acknowledge that you have read, understood, and accepted the terms and conditions outlined in this disclaimer. It is strongly advised to seek professional financial and legal advice before entering into any such transactions. The Contract's terms and conditions are subject to change, and any updates will be communicated as necessary. BACK

Jonas Lund Token

Futures

Futures Contract, Appendix B

  1. AA Quality Criteria
    • This section outlines the specific criteria that an Art Work must meet to be categorized as "AA Quality" within the Jonas Lund Token Futures Contract. An Art Work classified as AA Quality shall surpass the conditions for A Quality and meet the following elevated standards:
  2. Exceptional Craftsmanship
    • The Art Work must exhibit an exceptional level of craftsmanship, showcasing a profound mastery of artistic techniques, precision, and extraordinary attention to detail.
  3. Outstanding Materials
    • It should employ premium-quality materials that elevate the Art Work's aesthetics, longevity, and overall artistic impact.
  4. Exemplary Condition
    • AA Quality Art Works must be in impeccable condition, displaying no significant damage, wear, or signs of deterioration. They should maintain pristine presentation and enduring durability.
  5. Artistic Innovation
    • The Art Work should demonstrate innovative artistic elements or approaches that distinguish it as an exceptional creation.
  6. Profound Originality
    • It must epitomize originality and uniqueness, standing as an unparalleled creation by Jonas Lund, free from any issues related to plagiarism or copyright infringement.
  7. Significant Artistic Contribution
    • The Art Work should hold substantial artistic value and significance, making a noteworthy contribution to Jonas Lund's artistic oeuvre and reputation.
  8. Comprehensive Documentation
    • Detailed and comprehensive documentation and provenance records should accompany the Art Work, affirming its authenticity, history, and adherence to contractual requirements.
  9. Adherence to Contract Terms
    • The Art Work must align with all other terms and conditions articulated in the Jonas Lund Token Futures Contract relevant to AA Quality classification.
    • It is imperative to understand that the Jonas Lund Token (JLT) board will meticulously evaluate Art Works against these criteria to ascertain whether they qualify for the AA Quality designation. The determination made by the JLT board is definitive and binding.

By engaging in transactions involving the Jonas Lund Token Futures Contract, you acknowledge that you have read, understood, and accepted the terms and conditions outlined in this disclaimer. It is strongly advised to seek professional financial and legal advice before entering into any such transactions. The Contract's terms and conditions are subject to change, and any updates will be communicated as necessary. BACK

Jonas Lund Token

Futures

Futures Contract, Appendix C

  1. AAA Quality Criteria
    • This section delineates the specific criteria that an Art Work must meet to attain the prestigious "AAA Quality" classification within the Jonas Lund Token Futures Contract. An Art Work categorized as AAA Quality shall surpass both A Quality and AA Quality standards and fulfill the following exacting criteria:
  2. Unparalleled Craftsmanship
    • The Art Work must exhibit a level of craftsmanship that is without peer, representing the zenith of artistic expertise, precision, and extraordinary attention to detail.
  3. Exquisite Materials
    • It should incorporate the use of the finest materials available, enhancing the Art Work's aesthetic brilliance, longevity, and overall artistic eminence.
  4. Pristine Condition
    • AAA Quality Art Works must be in a state of absolute perfection, displaying no discernible damage, wear, or indications of deterioration. They must maintain their original splendor and resilience.
  5. Revolutionary Artistry
    • The Art Work should introduce groundbreaking artistic concepts, techniques, or innovations that revolutionize the field, setting it apart as a pioneering masterpiece.
  6. Unprecedented Originality
    • It must exemplify unparalleled originality and individuality, standing as an irreplicable creation by Jonas Lund, devoid of any issues related to plagiarism or copyright infringement.
  7. Monumental Artistic Contribution
    • The Art Work must carry profound artistic value and significance, leaving an indelible mark on Jonas Lund's artistic legacy and reputation, as well as the broader art world.
  8. Meticulous Documentation
    • Comprehensive, meticulous, and well-documented records, including provenance and authentication information, must accompany the Art Work, reaffirming its authenticity, history, and unwavering adherence to contractual standards.
  9. Conformance to Contract Provisions
    • The Art Work must align with all other terms and conditions stipulated in the Jonas Lund Token Futures Contract relevant to AAA Quality classification.
    • It is imperative to acknowledge that the determination of AAA Quality status is subject to rigorous evaluation by the Jonas Lund Token (JLT) board, which meticulously assesses Art Works against these stringent criteria. The verdict rendered by the JLT board carries the full force of authority and is legally binding.

By engaging in transactions involving the Jonas Lund Token Futures Contract, you acknowledge that you have read, understood, and accepted the terms and conditions outlined in this disclaimer. It is strongly advised to seek professional financial and legal advice before entering into any such transactions. The Contract's terms and conditions are subject to change, and any updates will be communicated as necessary. BACK

Jonas Lund Token

Futures

Futures Contract, Appendix D

  1. Dispute Resolution
    • In the event of any dispute arising from quality assessment or any other aspect of this Contract, a structured process will be employed to ensure a fair and transparent resolution:
  2. Notice of Dispute
    • Either party involved in the dispute must formally notify the other party in writing, providing clear and detailed information regarding the nature of the dispute.
  3. Negotiation
    • Following the notice of dispute, both parties shall engage in a good-faith negotiation process, seeking an amicable resolution. This negotiation phase is designed to encourage open communication and a mutual understanding of the issues at hand.
  4. Mediation
    • If the initial negotiation does not yield a resolution, both parties may opt for mediation. A neutral third party, agreed upon by both parties or appointed by a competent authority, will facilitate the mediation process. The mediator's role is to assist in finding a mutually acceptable solution. Mediation is non-binding, meaning that both parties retain the right to pursue legal action if a resolution is not reached.
  5. Arbitration
    • In cases where mediation does not lead to a resolution, the dispute may proceed to arbitration. Arbitration is a legally binding process where an impartial arbitrator or panel of arbitrators will assess the dispute and issue a binding decision. The decision of the arbitrator(s) is enforceable in accordance with applicable laws and regulations.
    • The choice of mediation or arbitration and the selection of mediators or arbitrators will be determined by mutual agreement between the parties involved or in accordance with the rules and procedures outlined in the Contract.
    • It is essential for all parties to engage in good faith throughout this dispute resolution process to reach a fair and equitable resolution. The ultimate goal is to ensure that any disputes are settled efficiently and in accordance with the principles of fairness and justice.

By engaging in transactions involving the Jonas Lund Token Futures Contract, you acknowledge that you have read, understood, and accepted the terms and conditions outlined in this disclaimer. It is strongly advised to seek professional financial and legal advice before entering into any such transactions. The Contract's terms and conditions are subject to change, and any updates will be communicated as necessary. BACK