Physical and Digital Billboards — 999-Year Limited Revocable License. Effective May 7, 2026 · Version 1.0 · 42AI, Inc., a Delaware corporation.
THIS BILLBOARD LEASE AGREEMENT (THIS “LEASE”) IS A LIMITED, REVOCABLE LICENSE — NOT A SALE, NOT REAL PROPERTY, NOT AN OWNERSHIP INTEREST, AND NOT A SECURITY. THIS LEASE GOVERNS YOUR ACQUISITION AND USE OF SLOTS ON HEY42 BILLBOARDS (PHYSICAL AND DIGITAL). THIS LEASE IS INCORPORATED INTO AND PART OF THE HEY42 MASTER TERMS OF SERVICE. CAPITALIZED TERMS NOT DEFINED HERE HAVE THE MEANINGS GIVEN IN THE MASTER TERMS OF SERVICE. PLEASE READ THIS LEASE — ESPECIALLY THE REVOCATION PROVISIONS IN SECTION 8 AND THE LIABILITY WAIVER IN SECTION 12 — BEFORE ACQUIRING A SLOT.
1.1 License Grant. Subject to Your continued compliance with this Lease, the Master Terms of Service, the AUP, and applicable law, 42AI grants You a transferable (subject to Section 7), non-exclusive (as to the Platform and other Slots), revocable, limited license to display Content in the designated position on the designated Billboard for a maximum term of nine hundred ninety-nine (999) years from the date the Slot is issued to You (the “Slot License”).
1.2 Not Property. A Slot is not real property, personal property, an ownership interest, an estate, a leasehold under any state's real-property statutes, fee simple or fee simple equivalent, equity, a security, a deed, a title, a fractional interest, an investment contract, or any other property right. The phrase “999-year lease” used in marketing or anywhere on the Platform is a description of the maximum license duration only and does not confer any property interest. The Slot exists solely as a contractual right against 42AI under the terms of this Lease and is governed by contract law and applicable digital-goods law (including California Business and Professions Code § 17500.6).
1.3 Acknowledgment Required by California Bus. & Prof. Code § 17500.6. By acquiring a Slot, You expressly acknowledge that:
2.1 Physical Billboards. Physical Billboards are out-of-home displays located in the physical world (including static signs, digital LED displays, transit-vehicle wraps, stadium boards, and similar surfaces) operated or controlled by 42AI directly or through its third-party partners. Physical Billboards are subject to: (a) federal regulation, including the Highway Beautification Act (23 U.S.C. § 131) and 23 C.F.R. Parts 750–751; (b) state outdoor-advertising statutes (including the California Outdoor Advertising Act, Cal. Bus. & Prof. Code § 5200 et seq.); (c) local zoning and sign codes; and (d) terms imposed by underlying landowners, municipalities, and venue partners. 42AI may refuse, modify, or remove any Content that violates any of the foregoing.
2.2 Digital Billboards. Digital Billboards are virtual displays rendered through the HEY42 website, mobile applications, application programming interfaces, or partner platforms. Digital Billboards are software-based; their availability depends on Platform uptime, internet connectivity, blockchain-network availability (where applicable), partner platform availability, and other technical factors. 42AI does not warrant any particular impression count, view rate, conversion rate, or display quality.
2.3 Hybrid Slots. Some Slots may be designated as “Hybrid Slots” appearing on both Physical and Digital Billboards. Hybrid Slots are subject to the more restrictive of the applicable rules, including the AUP, the Federal Highway Beautification Act for Physical components, and platform terms for Digital components.
3.1 Issuance. A Slot is issued to You at the moment 42AI confirms acceptance of Your acquisition order on the Platform. The confirmation will state: (a) the Billboard identifier; (b) the Slot position and dimensions or rendering specifications; (c) the maximum license duration (999 years from issuance); and (d) any Slot-specific restrictions.
3.2 Fees and Taxes. You will pay the initial license fee (the “Initial Fee”) at the time of order. All fees are non-refundable except as required by applicable law or as otherwise expressly provided in this Lease. You are responsible for all applicable sales, use, value-added, and other taxes in addition to the Initial Fee.
4.1 Permitted Use. You may use the Slot solely to display Content that complies with this Lease, the Master Terms of Service, the AUP, and all applicable law. 42AI may impose Slot-specific format, file-size, resolution, language, or content rules disclosed at the time of acquisition or by amendment with reasonable notice.
4.2 Pre-Display Review. 42AI reserves the right (but does not assume the duty) to review Content before display. For Physical Billboards in particular, 42AI may institute pre-display review for high-risk Content categories (including political, comparative, health, financial-services, or controlled-product advertising). Failure of any review does not relieve You of Your obligations under this Lease.
4.3 Compliance with Outdoor-Advertising Law. You are solely responsible for ensuring Content displayed on a Physical Billboard complies with: (a) the Federal Highway Beautification Act and FHWA regulations; (b) the applicable state outdoor-advertising statute; (c) local zoning, sign-code, and permitting rules; (d) any contractual restrictions imposed by the underlying landowner, municipality, or venue partner; and (e) standards of truth, non-defamation, and fair advertising under the Federal Trade Commission Act, the Lanham Act, state UDAP statutes, and applicable industry self-regulatory codes.
4.4 Representations Concerning Content. You represent and warrant that all Content You display on a Slot: (a) is Your original work or properly licensed; (b) does not infringe any third-party copyright, trademark, patent, trade secret, right of publicity, or right of privacy; (c) is truthful and not deceptive, defamatory, or misleading; (d) does not depict or promote violence, hatred, harassment, sexual exploitation, child exploitation, or terrorism; (e) does not depict or promote illegal goods, services, or activities; (f) is not designed to incite or facilitate imminent unlawful action; and (g) complies with the AUP.
42AI MAKES NO GUARANTEE OF IMPRESSIONS, REACH, FREQUENCY, VIEWS, ENGAGEMENT, CONVERSIONS, RANKING, PLACEMENT TIMING, OR ANY OTHER OUTCOME. PHYSICAL BILLBOARD DISPLAYS ARE SUBJECT TO POWER, WEATHER, MAINTENANCE, ROAD CLOSURES, AND VENUE OPERATIONS. DIGITAL BILLBOARD DISPLAYS ARE SUBJECT TO INTERNET CONNECTIVITY, PLATFORM UPTIME, CONTENT-DELIVERY-NETWORK PERFORMANCE, AND BLOCKCHAIN-NETWORK AVAILABILITY (WHERE APPLICABLE). 42AI WILL USE COMMERCIALLY REASONABLE EFFORTS TO MAINTAIN BILLBOARD AVAILABILITY BUT EXPRESSLY DISCLAIMS ANY UPTIME OR PERFORMANCE WARRANTY. THE SLOT IS PROVIDED “AS IS” AND “AS AVAILABLE.”
6.1 Operational Changes. 42AI may modify, relocate, replace, repair, upgrade, or decommission any Billboard from time to time for technical, regulatory, commercial, safety, or business reasons. Where reasonably practicable, 42AI will provide notice of material operational changes to affected Slot holders. Operational changes do not constitute revocation of Your Slot License unless 42AI expressly so states in writing.
6.2 Substitution. If a Billboard is decommissioned, retired, or unavailable for an extended period (90 days or more) due to causes within 42AI's control, 42AI will, at its option, (a) substitute a comparable Slot on another Billboard, or (b) credit or refund a pro-rata portion of the Initial Fee based on the elapsed term. 42AI's choice of remedy is final.
7.1 Transfers. Slots are transferable and resellable exclusively through the HEY42 marketplace, in accordance with the marketplace rules then in effect. 42AI must approve every transfer; we may decline transfers to sanctioned persons, persons in restricted jurisdictions, persons subject to KYC/AML failures, persons with prior bans, or persons with a history of AUP violations.
7.2 Platform Service Fee. On every resale or transfer of value, 42AI will assess a Platform Service Fee of up to twenty-five percent (25%) of the gross resale price (the “Platform Service Fee”) as compensation for: custody, authentication, fraud prevention, dispute resolution, content moderation, blockchain transaction relay (where applicable), tax-reporting infrastructure, and other platform services. The exact applicable fee for each transaction will be displayed before You confirm the transfer. 42AI may modify the Platform Service Fee prospectively on at least thirty (30) days' notice; the fee in effect at the time of the resale governs that transaction.
7.3 Buyer Steps Into Lessee's Shoes. On a permitted transfer, the buyer accepts and is bound by this Lease, the Master Terms of Service, the Privacy Policy, the AUP, and all other Platform terms. The transferor's prior conduct and any then-existing AUP strikes do not transfer to the buyer; however, content moderation actions taken with respect to specific Content displayed at the time of transfer survive the transfer.
7.4 Off-Platform Transfers. Any purported transfer of a Slot outside the HEY42 marketplace (including informal off-chain transfers, peer-to-peer wallet transfers, or escrow arrangements not authorized by 42AI) is void as against 42AI, and 42AI is not obligated to recognize or honor any such purported transfer. 42AI may, in its sole discretion, ratify an off-platform transfer if the transferee agrees in writing to be bound by all Platform terms.
8.1 Revocation Triggers. 42AI may suspend, restrict, or permanently revoke a Slot License at any time, in its sole discretion, for any of the following:
8.2 Process. Where reasonably practicable and where the violation is curable, 42AI will provide notice to the Account email and a reasonable opportunity to cure (typically 72 hours) before final revocation. 42AI may, however, take immediate action without notice in cases of: (i) imminent harm; (ii) illegal Content; (iii) compulsory legal process; or (iv) repeated violations that make further notice futile.
8.3 Effect of Revocation. Upon revocation, Your Slot License terminates immediately. You forfeit the Initial Fee, any prepaid Subscription amounts allocable to the revoked Slot, and any unrealized appreciation in resale value. 42AI may also remove or take down associated Content. Revocation for cause is non-refundable. If 42AI revokes a Slot for convenience (i.e., not for a cause listed in Section 8.1), 42AI will, at its option, substitute a comparable Slot or refund a pro-rata portion of the Initial Fee based on the elapsed term.
8.4 Acknowledgment of Material Term. You acknowledge that the revocation right in this Section 8 is a material part of the consideration for 42AI providing the Slot, the Billboards, and the Platform. You agree that, but for this revocation right, 42AI would not provide You the Slot at the Initial Fee charged. You agree that the revocation right is not unconscionable, is reasonable, and is enforceable.
WITHOUT LIMITING SECTION 8, IF YOU POST CONTENT THAT 42AI IN GOOD FAITH DETERMINES TO BE MALICIOUS, INFLAMMATORY, INCITEFUL, HATEFUL, FRAUDULENT, DEFAMATORY, OBSCENE, EXPLOITATIVE, OR OTHERWISE INAPPROPRIATE FOR PUBLIC DISPLAY — INCLUDING CONTENT THAT, EVEN IF NOT STRICTLY UNLAWFUL, IS DESIGNED TO PROVOKE, OFFEND, OR HARM — 42AI MAY PERMANENTLY REVOKE YOUR SLOT, ALL OTHER SLOTS YOU HOLD, ALL COLLECTIBLE CARDS YOU HOLD, AND YOUR ACCOUNT. NO REFUND IS DUE. THIS RIGHT IS A FIRST AMENDMENT-PROTECTED EDITORIAL RIGHT OF 42AI AS RECOGNIZED IN MOODY V. NETCHOICE, LLC, 603 U.S. 707 (2024).
In addition to the representations made elsewhere, You represent, warrant, and covenant that: (a) You have full power and authority to enter into this Lease; (b) Your acquisition and use of the Slot does not violate any law, regulation, contractual obligation, or court order applicable to You; (c) You will maintain accurate Account information and update it promptly when it changes; (d) You will not use the Slot to facilitate any illegal activity, including money laundering, sanctions violations, terrorism financing, fraud, or evasion of taxes; and (e) You will cooperate with reasonable KYC/AML, fraud-prevention, and compliance requests.
You are encouraged, and where required by 42AI for high-value or high-risk Slots may be required, to maintain commercial general liability insurance covering personal-and-advertising-injury risks (defamation, libel, slander, copyright/trademark infringement, right-of-publicity, unfair competition) at a minimum of $1,000,000 per occurrence and $2,000,000 aggregate. 42AI maintains its own insurance for Platform-level risk; You may not rely on 42AI's insurance for Your Content-related liability.
12.1 Assumption of Risk.
YOU ACKNOWLEDGE AND AGREE THAT YOU ARE SOLELY RESPONSIBLE FOR THE LEGALITY, ACCURACY, NON-INFRINGEMENT, AND DECENCY OF ALL CONTENT YOU DISPLAY ON A SLOT. YOU ASSUME ALL RISK OF LIABILITY ARISING FROM SUCH CONTENT, INCLUDING THIRD-PARTY CLAIMS FOR DEFAMATION, INFRINGEMENT, RIGHT-OF-PUBLICITY VIOLATION, FALSE ADVERTISING, UNFAIR COMPETITION, INVASION OF PRIVACY, NEGLIGENT INFLICTION OF EMOTIONAL DISTRESS, OR ANY OTHER LEGAL OR EQUITABLE THEORY. 42AI HAS NO DUTY TO MONITOR OR PRE-APPROVE CONTENT, AND ITS EXERCISE OR NON-EXERCISE OF EDITORIAL DISCRETION DOES NOT TRANSFER LIABILITY TO 42AI.
12.2 Indemnification. You will indemnify, defend, and hold harmless 42AI, its officers, directors, employees, agents, affiliates, licensors, and service providers against all third-party claims, damages, liabilities, costs, and expenses (including reasonable attorneys' fees and court costs) arising from or related to (a) Your Content, (b) Your use of the Slot, (c) Your breach of this Lease, the Master Terms of Service, or the AUP, or (d) Your violation of any law or third-party right. 42AI may, at its option, assume the exclusive defense and control of any matter for which You owe indemnity, in which case You will cooperate fully.
12.3 Limitation of Liability.
42AI'S AGGREGATE LIABILITY UNDER THIS LEASE IS LIMITED AS PROVIDED IN SECTION 12 OF THE MASTER TERMS OF SERVICE — NAMELY, THE GREATER OF (A) THE FEES YOU PAID TO 42AI IN THE TWELVE MONTHS PRECEDING THE CLAIM OR (B) ONE HUNDRED U.S. DOLLARS ($100). THE EXCLUSIONS IN SECTION 12 OF THE MASTER TERMS OF SERVICE (FOR FRAUD, GROSS NEGLIGENCE, WILLFUL MISCONDUCT, AND CALIFORNIA CIVIL CODE § 1668 MATTERS) APPLY HERE.
Any Dispute arising from this Lease is governed by Section 14 of the Master Terms of Service (binding individual arbitration with class-action waiver, mass-arbitration batching protocol, and 30-day opt-out) and Section 15 (Delaware governing law, with consumer-protection statute carve-out for the consumer's home state).
This Lease is governed by, and supplements, the Master Terms of Service. In the event of any conflict between this Lease and the Master Terms of Service, this Lease controls as to matters specific to Slots and Billboards. Sections 1, 4, 5, 7, 8, 9, 10, 11, 12, 13, and this Section 14 survive termination.
© 2026 42AI, Inc. All rights reserved. HEY42 and 42AI are trademarks of 42AI, Inc.
999-Year Transferable, Resellable Limited License for Digital Collectibles. Effective May 7, 2026 · Version 1.0 · 42AI, Inc., a Delaware corporation.
THESE TERMS GOVERN HEY42 BILLBOARD COLLECTIBLE CARDS (“COLLECTIBLE CARDS” OR “CARDS”). A COLLECTIBLE CARD IS A LIMITED, REVOCABLE LICENSE — NOT AN OWNERSHIP INTEREST, NOT REAL OR PERSONAL PROPERTY, NOT EQUITY, NOT A SECURITY. THESE TERMS ARE INCORPORATED INTO AND PART OF THE HEY42 MASTER TERMS OF SERVICE. CAPITALIZED TERMS NOT DEFINED HERE HAVE THE MEANINGS GIVEN IN THE MASTER TERMS OF SERVICE. PLEASE READ CAREFULLY — ESPECIALLY THE REVOCATION PROVISIONS IN SECTION 7 AND THE § 17500.6 ACKNOWLEDGMENT IN SECTION 1.3.
1.1 License Grant. Subject to Your continued compliance with these Collectible Cards Terms, the Master Terms of Service, the AUP, and applicable law, 42AI grants You a transferable (subject to Section 6), non-exclusive (as to the Platform), revocable, limited license in each Collectible Card You acquire, for a maximum term of nine hundred ninety-nine (999) years from issuance (the “Card License”).
1.2 Not Property; Not a Security. A Collectible Card is not real property, personal property, an ownership interest, an estate, equity, a security, an investment contract, a commodity (other than as a digital collectible), a deed, a title, a fractional interest, or any other property right. A Card is a contractual right against 42AI under these terms. The phrase “999-year lease” used anywhere on the Platform or in marketing is a description of the maximum license duration only. Cards are not offered or sold as investments and 42AI makes no representation about appreciation, profit, or any return.
1.3 California Bus. & Prof. Code § 17500.6 Acknowledgment. By acquiring a Collectible Card, You expressly acknowledge that:
Each Collectible Card may include any combination of the following, as described at the time of acquisition: (a) a unique digital artwork or design, displayed in Your Account and on the Platform; (b) a serial or edition number; (c) metadata describing the Card's traits, scarcity, and provenance; (d) optional utility features (such as priority access to Slots, Platform features, or events); and (e) where applicable, an on-chain representation token (e.g., an ERC-721 or ERC-1155 token) that represents Your Card License but does not, by itself, transfer ownership in any underlying intellectual property.
All copyright, trademark, and other intellectual property in the artwork, design, logos, and metadata associated with each Collectible Card remain with 42AI or its licensors. Your Card License is a personal license to display and enjoy the Card on the Platform and to transfer the Card License through the HEY42 marketplace under Section 6. Your acquisition of a Card does NOT include: (i) any commercial-merchandising rights; (ii) any right to create derivative works for commercial sale; (iii) any right to use the artwork outside the Platform other than personal display in Your own social-media profiles or non-commercial collections; or (iv) any rights in the underlying source code, smart contracts, or operational software.
You may display Your Cards: (a) within Your HEY42 Account; (b) on Your Slots, where applicable; (c) on Your personal social-media profiles, with attribution to 42AI; and (d) at non-commercial gatherings or showings. You may not: use the Card for paid advertising of unrelated products, modify the artwork, falsely claim ownership of underlying IP, or violate the AUP.
Cards are acquired through Platform-listed primary or secondary offerings at the prices stated. All fees are non-refundable except as required by applicable law or expressly stated in these Terms or the Master Terms of Service. You are responsible for all applicable sales, use, value-added, and other taxes. Where blockchain transactions are involved, You are also responsible for network fees (gas), which are paid to third-party network validators and are not refundable by 42AI.
6.1 Transfer Mechanics. Cards are transferable and resellable exclusively through the HEY42 marketplace, in accordance with the marketplace rules then in effect. Off-platform transfers are void as against 42AI; 42AI is not obligated to recognize or honor any purported off-platform transfer (although 42AI may, in its sole discretion, ratify a specific off-platform transfer if the transferee accepts these Terms in writing).
6.2 Platform Service Fee — Up to 25%. On each resale or transfer of value, 42AI assesses a Platform Service Fee of up to twenty-five percent (25%) of the gross resale price (the “Platform Service Fee”). The fee compensates 42AI for: custody, authentication, fraud prevention, dispute resolution, content moderation, blockchain transaction relay (where applicable), tax-reporting infrastructure, and other platform services. The exact fee for each transaction will be displayed clear-and-conspicuously before You confirm the transfer.
6.3 Modifications to Fees. 42AI may modify the Platform Service Fee prospectively on at least thirty (30) days' notice via in-product notice and email. The fee in effect at the time of each individual resale governs that transaction; existing Cards are not grandfathered to historical fees, but no fee modification will exceed the twenty-five percent (25%) cap stated in these Terms without the affirmative consent of affected Card holders.
6.4 Buyer Acceptance. Each transferee, by acquiring a Card, accepts and is bound by these Collectible Cards Terms, the Master Terms of Service, the Privacy Policy, the AUP, and all other Platform terms. Prior conduct of a transferor and any then-existing AUP strikes do not transfer to the buyer; however, content moderation actions concerning the Card itself survive transfer.
6.5 Restricted Transferees. 42AI may decline transfers to: sanctioned persons, persons in restricted jurisdictions, persons subject to KYC/AML failures, persons with prior bans, or persons who fail any anti-fraud check.
7.1 Revocation Triggers. 42AI may suspend or permanently revoke a Card License at any time, in its sole discretion, for any of: (a) violation of these Terms, the Master Terms of Service, or the AUP, including any malicious or inflammatory use of the Card; (b) fraud, market manipulation, wash trading, or other abuse of the marketplace; (c) chargebacks, payment-method failures, or non-payment; (d) sanctions, KYC/AML failures, or money-laundering indicators; (e) order or directive of any court, regulator, or law-enforcement authority; or (f) determination by 42AI in good faith that continued holding creates material legal, safety, reputational, or commercial risk.
7.2 Effect of Revocation. Upon revocation, Your Card License terminates immediately. The corresponding Card may be removed from Your Account and, where applicable, from any on-chain registry. All fees paid are forfeited and non-refundable. You have no right to compensation, damages, or replacement except where 42AI in its sole discretion elects to substitute or refund.
7.3 Acknowledgment of Material Term. You acknowledge that the revocation right in this Section 7 is a material part of the consideration for 42AI providing the Card and the Platform. But for this revocation right, 42AI would not provide Cards at the prices charged. You agree this revocation right is reasonable and enforceable.
8.1 Blockchain Risks. If Your Card has an on-chain representation, You acknowledge that blockchain technology is novel and subject to risks beyond 42AI's control, including: (a) network congestion, downtime, or forks; (b) loss or compromise of private keys, which 42AI cannot recover; (c) smart-contract vulnerabilities; (d) regulatory action that may impact the legality, taxation, or transferability of digital assets; (e) volatility in transaction fees (gas); and (f) the potential for permanent loss of access to assets due to lost or compromised credentials.
8.2 No Warranty of Value. 42AI makes no representation or warranty regarding any future value, liquidity, or tradeability of any Card. Past prices on the marketplace are not indicative of future performance. Cards are not investments.
8.3 Tax Disclaimer. Tax treatment of digital collectibles varies by jurisdiction and is evolving. You are solely responsible for determining and reporting Your tax obligations, including any capital-gains, ordinary-income, sales-tax, and information-reporting consequences. Consult Your tax advisor.
Your acquisition, holding, transfer, and use of Cards must comply with the AUP. Cards used to display, promote, or facilitate prohibited Content or conduct will be revoked under Section 7.
Our DMCA agent and procedures are described in Section 7 of the Master Terms of Service. To submit a notice or counter-notice concerning a Card, contact dmca@hey42.com.
Cards are provided AS IS and AS AVAILABLE. The disclaimers in Section 11 of the Master Terms of Service and the limitation of liability in Section 12 of the Master Terms of Service apply to Cards and these Collectible Cards Terms in full force.
Disputes arising from these Collectible Cards Terms are governed by Section 14 of the Master Terms of Service (binding individual arbitration with class-action waiver, mass-arbitration batching protocol, and 30-day opt-out) and Section 15 (Delaware governing law).
These Collectible Cards Terms supplement, and are part of, the Master Terms of Service. In the event of any conflict between these Terms and the Master Terms of Service, these Terms control as to Cards. Sections 1, 3, 6, 7, 8, 11, 12, and this Section 13 survive termination.
© 2026 42AI, Inc. All rights reserved. HEY42 and 42AI are trademarks of 42AI, Inc.