LPX Terms of Use

These Rules of Utilization for the LPX Protocol ("LPX Rules") govern Member access to and utilization of the LPX Protocol, related smart contracts, and any associated interface, dashboard, router, alert system, documentation, support environment, or auxiliary tool made available within the Association (collectively, the "Interface"). These LPX Rules form part of the binding private contractual order of the Association. They shall be read together with the Covenant and any validly adopted LPX-specific terms, but no chat message, help text, founder statement, moderator statement, community custom, or informal practice shall override these LPX Rules unless these LPX Rules or the Covenant expressly permit that result. The Interface exists solely for internal Association use by Members in good standing and such other persons, if any, as may be expressly admitted under written authority granted pursuant to the governing instruments. No part of the Interface is intended as a public offer, public invitation, public solicitation, custodial service, banking service, brokerage service, or invitation to the general public. Use of the Interface, cryptographic approval of LPX-related actions, creation of an LPX Position, participation in an LPX Position, receipt or transfer of an LPX Position Token, or use of LPX-linked functionality constitutes accession by conduct and agreement to be bound by these LPX Rules to the extent applicable to the actor's status, permissions, and conduct.

The Association is constituted by contract among its Members. These LPX Rules define LPX-specific rights, limits, procedures, permissions, and consequences among Members and duly authorized internal functionaries with respect to LPX utilization. LPX is an internal Member-utilization system for programmable liquidity placement, market interaction, execution logic, and position administration according to Member-selected settings, applicable smart-contract design, and these LPX Rules as validly amended. Terms such as "private," "member-only," "non-custodial," "manager," "immutable," "tokenized," "internal," "position," or "allocation" are internal functional descriptors used for Association purposes. They do not constitute an assurance as to treatment by any external court, regulator, tax authority, exchange, counterparty, or third party. Where these LPX Rules or valid position terms expressly designate a deployed smart-contract function as controlling for a stated operational result, the operative on-chain result of that function shall govern to that stated extent. No smart-contract behavior, Interface display, or label shall by itself enlarge authority, create a new fee, eliminate a restriction, or create rights not otherwise recognized by the governing instruments.

For purposes of these LPX Rules: “Association” means the applicable private membership association, together with any duly constituted internal body acting within actual delegated authority. “Association Representative” means a person expressly authorized in writing under the Covenant or by valid internal resolution to act or speak for the Association on a specified matter and within a specified scope. “Authorized Rulemaking Body” means the Members or internal body granted actual authority under the Covenant to adopt, amend, supplement, interpret, or administer rules on specified subjects. “Committed Digital Property” means the digital assets that a Member elects to commit, assign, configure, or place into an LPX Position through direct smart-contract interaction, subject always to the technical design of that position. “Covenant” means the governing constitutional instrument of the Association, together with any superior governing instrument recognized by its terms. “External Resource” means any wallet, bridge, oracle, explorer, protocol, analytics tool, communication system, linked service, or other third-party resource not controlled by the Association. “Fundamental Change” means a change affecting the essential purpose of LPX, Member rights, beneficial interests, position-exit rights, sanctions architecture, dispute rights, liability allocation, authority structure, or any other matter designated as fundamental under the Covenant. “Good Standing” means membership status not suspended, terminated, revoked, resigned, expired, or otherwise restricted under the Covenant or validly adopted rules. “Interface” means the websites, applications, dashboards, routers, alerts, documentation, smart-contract access points, and related tools made available for LPX utilization. “LPX Manager” means a Member or other permitted person granted limited administrative authority by one or more participating Members over a Manager LPX Position, strictly within the scope expressly granted. “LPX Position” means a Member-configured or Member-joined on-chain participation arrangement established through the LPX Protocol, including any associated settings, strategy logic, position accounting, and position-linked rights. “LPX Position Token” means any tokenized receipt, position-linked token, or other on-chain representation of rights associated with an LPX Position, to the extent permitted by the relevant smart-contract design and governing rules. “LPX Protocol” means the parameter-driven on-chain liquidity and routing system made available for internal Association use, including compatible pool logic, buy and sell logic, No-Trade Zone logic, tokenized-position mechanics, execution modules, and related smart-contract mechanisms. “Manager LPX Position” means an LPX Position in which one or more Members authorize an LPX Manager to administer specified settings or operating parameters subject to these LPX Rules, the applicable smart-contract logic, and the governing terms of that position. “Unauthorized Access” means access or attempted access by a non-Member, suspended Member, terminated Member, person using false credentials, person exceeding granted permissions, or person acting contrary to these LPX Rules.

Only Members in good standing may access or utilize the Interface unless a narrower or broader category of permitted users is expressly created by the Covenant or by valid written rule adopted under actual authority. Each Member is solely responsible for the security and control of that Member’s wallets, signing devices, approval flows, credentials, private keys, seed phrases, and communication channels used in connection with LPX. A Member shall not: Share credentials in a manner that defeats membership restrictions Allow unauthorized persons to access or utilize the Interface Misstate identity, authority, wallet control, or membership status Access functions beyond those actually granted to that Member Use scripts, bots, masking tools, proxies, exploits, or workarounds to evade internal restrictions unless expressly permitted by valid rule Present a personal wallet, dashboard, or communication channel as officially endorsed where no such endorsement exists The Association and interfaces may require reasonable proof of membership, wallet control, transactional authority, or source of permission where reasonably necessary for security, governance, enforcement, or dispute resolution.

LPX is a Member-directed on-chain execution system. Depending on the LPX type, mode, and selected settings, LPX may employ buy zones, sell zones, directional logic, dual-sided logic, No-Trade Zones, tokenized-position features, and manager-administered settings. LPX operation may include automated execution based on price movement, pool conditions, routing conditions, liquidity depth, gas availability, smart-contract logic, and Member-selected parameters. Outcomes are variable and may differ materially across time, token pairs, volatility regimes, and market structure. Members may publish educational explanations, examples, simulations, illustrations, or operating notes concerning LPX mechanics. Such materials are explanatory only and do not create any promise of profit, yield, token preservation, price support, market outcome, or legal characterization.

These LPX Rules may be adopted, amended, supplemented, or repealed only by the person or body having actual authority to do so under the Covenant. No interface update, founder statement, moderator statement, community habit, code deployment, operational practice, FAQ, dashboard text, simulation, or help content shall by itself amend these LPX Rules or effect a Fundamental Change. A non-fundamental amendment validly adopted under actual authority may govern future LPX use and, where applicable, continued participation after notice may constitute acceptance to the extent recognized by the governing instruments and applicable principles of continuing membership in a contractual association. Unless the governing terms of a specific LPX Position expressly reserved that power at or before the time the position was created or joined, no later amendment shall retroactively do any of the following to an existing LPX Position: increase or introduce a fee, charge, spread capture, burn allocation, or similar burden; materially impair an existing withdrawal, exit, redemption, or transfer pathway; enlarge manager powers over that position; alter the beneficial allocation associated with that position; or convert a non-final restriction into forfeiture by implication. No amendment affecting Fundamental Change matters, including Member rights, beneficial interests, position-exit rights, sanctions structure, dispute rights, liability allocation, or authority structure, shall be effective except in the manner required by the Covenant for Fundamental Changes.

No delay in enforcement, selective enforcement, informal accommodation, repeated practice, founder communication, moderator communication, community custom, technical workaround, or course of dealing shall amend these LPX Rules or create a contrary binding rule unless expressly adopted through the applicable governance process. No waiver shall be effective unless made by a person or body having actual authority to grant it on the subject in question. A waiver in one instance shall not operate as a waiver in any other instance or for future conduct.

Except where the Association expressly assumes a different role in a separate written instrument validly authorized under the Covenant, LPX utilization is intended to occur through Member-directed smart-contract interaction. By default: Each Member directs that Member’s own wallet actions and cryptographic approvals The Association does not take possession of Member private keys or seed phrases The Association does not undertake continuous monitoring of Member positions Interface access does not by itself transfer beneficial ownership of a Member’s digital property to the Association No custody, escrow, trustee, advisory, brokerage, discretionary management, or general fiduciary relationship shall be deemed created solely by Interface use, LPX utilization, receipt of educational information, or observation of protocol outputs. Nothing in this section excludes duties arising from an express written undertaking, actual custody affirmatively assumed, fraud, bad faith, willful misconduct, or conduct outside granted authority.

Each Member remains solely responsible for deciding whether to create, configure, join, maintain, adjust, tokenize, partially exit, fully exit, or otherwise participate in any LPX Position. Each Member acknowledges that LPX settings may affect whether, when, and how an LPX Position buys, sells, holds, remains idle, re-enters, fails to re-enter, compounds, or accumulates value in one asset relative to another. By using LPX, each Member represents that the Member: Understands that blockchain actions may be irreversible Accepts the risks of selecting or approving LPX settings Has independently determined the suitability of any selected LPX Position for that Member’s own purposes Is not relying on the Association or another participant for personalized legal, tax, accounting, fiduciary, or investment advice unless such reliance arises from a separate express written undertaking

LPX Positions may be made available in one or more designated types or modes, including Liquid, Single-Sided, Dual, Directional, Solo, Managed, Immutable, and Tokenized forms, where supported by the applicable Interface and deployed smart-contract design. A label, category name, Interface display, market practice, or educational description does not by itself create rights or powers beyond those recognized by these LPX Rules, valid position-specific terms, and the applicable smart-contract design. For each LPX Position made available for participation, the governing terms for that position shall identify, whether directly or by clear reference, the assets or asset classes involved, the participation model, the control model, the fee logic if any, the permitted actions, and any material withdrawal, transfer, tokenization, manager, or immutability conditions applicable to that position. Where an LPX Position is designated Managed, the manager acts only as a limited administrative agent within the scope expressly granted under these LPX Rules and the governing terms of that position. Where an LPX Position is designated Immutable, no Member, manager, officer, developer, multisig signer, or other person shall have authority to alter its operative parameters except through functions, if any, embedded in the originally designated deployed smart contract and validly incorporated into the governing terms of that position. Where an LPX Position is designated Tokenized, any LPX Position Token shall carry only those position-linked rights expressly associated with that tokenized structure under Section 16 and the applicable position terms. The temporary availability or unavailability of any LPX Position type or mode through an Interface shall not by itself create, suspend, or extinguish rights unless the governing instruments expressly provide that such operational state has that legal effect.

A Member may authorize an LPX Manager to administer specified settings or operational parameters of a Manager LPX Position only to the extent expressly permitted by the Interface, the applicable smart-contract logic, the governing position terms, and these LPX Rules. An LPX Manager acts, if at all, only as a limited internal administrative agent of the participating Member within the scope expressly granted. No LPX Manager has authority, by virtue of that status alone, to: Bind the Association generally Bind any non-participating Member Alter the Covenant or these LPX Rules Pledge the personal credit of any Member Re-route another Member’s position into unauthorized assets Interfere with another Member’s position-exit rights except as technically inherent in the position design Alter ownership rights except as permitted by smart-contract logic and governing rules Make legal, tax, fiduciary, accounting, or regulatory representations on behalf of the Association Create delegates, substitutes, sub-managers, or downstream agents unless express authority for sub-delegation has been granted in advance No delegate may further delegate any granted authority unless this Covenant or the applicable Schedule expressly permits it; any attempted further delegation made without such permission is ineffective under this Covenant and does not confer authority on the purported substitute. Each participating Member retains responsibility for joining, remaining in, or exiting a Manager LPX Position, subject to the technical design of that position.

No Member, founder, developer, moderator, strategist, LPX Manager, host, or community participant has authority, whether actual, implied, or apparent, to bind the Association solely by reason of title, visibility, prior communications, technical involvement, social prominence, or community status. Reliance on any claimed authority to bind the Association is unreasonable unless supported by written authorization from an Association Representative acting within actual delegated authority. No chat message, presentation, educational statement, marketing statement, interface description, or informal communication shall enlarge the actual authority of any person beyond that expressly granted under the Covenant or validly adopted rules.

An LPX Manager must act within the scope of authority actually granted and must not knowingly exceed the settings, permissions, or role limitations applicable to the managed position. An LPX Manager shall: Use granted permissions solely for administration of the relevant Manager LPX Position Refrain from misrepresenting the nature, mechanics, risks, permissions, performance, or limits of that position Refrain from undisclosed self-dealing, hidden compensation, preferential wallet treatment, or undisclosed affiliated routing Disclose any material conflict of interest relating to manager compensation, side incentives, affiliated wallets, token bias, routing preferences, or preferential exit structures Keep fee terms, participation conditions, and position-exit conditions reasonably clear in the Interface or associated documentation Refrain from presenting themselves as an Association Representative unless separately authorized in writing Failure to disclose a material conflict affecting Manager LPX administration constitutes action outside granted authority unless expressly ratified after full disclosure through the applicable internal process. Unless otherwise expressly provided by binding written rule, an LPX Manager does not guarantee profit, re-entry, token preservation, value increase, reduced loss, minimum performance, or any specific result.

An LPX Position comes into existence only through the relevant smart-contract interaction and any required parameter selection or acceptance flow applicable to that position. A Member may participate in an LPX Position only in the manner permitted by the applicable position design, the relevant smart contracts, and these LPX Rules. A Member's ability to reduce, unwind, withdraw, redeem, transfer, tokenize, burn a tokenized receipt, or otherwise exit from an LPX Position is governed by the technical design of that position, the applicable smart contracts, and the governing terms in force for that position. No provision of these LPX Rules shall be construed to create a right of reversal, cancellation, redemption, or unwinding beyond what is expressly permitted by the applicable position architecture and governing terms. Unless a limitation, queue, lock, delay, dependency, or conditional exit mechanic was already built into the applicable position design or validly disclosed as part of the governing terms for that position, no later operational practice, Interface change, or informal instruction shall by itself impose a new material restriction on an existing position's exit pathway.

No protocol fee, manager fee, spread capture, burn allocation, routing charge, or other internal charge shall apply to an LPX Position unless expressly authorized by this Covenant or the applicable LPX Type duly adopted under it. Each applicable LPX Type and Mode shall state, or incorporate by clear reference, the categories of charges that may apply, the basis on which they are calculated, the party or contract function by which they are imposed, and any limits on amendment or variation. Where this Covenant or the applicable LPX expressly designates a deployed smart contract as controlling for calculation or collection of a stated charge, the operative on-chain result of that designated contract shall govern solely to that stated extent. No Interface display, estimate, dashboard output, operating note, help text, simulation, or explanatory material shall by itself create, increase, waive, or modify any fee, charge, allocation, or burn obligation. Displayed fee information may be updated from time to time for informational purposes, but no such update has legal effect unless the underlying change was authorized under this Covenant and the applicable LPX Type. Each Member is responsible for reviewing current operational parameters before creating or joining an LPX Position, but such review does not constitute consent to any charge not otherwise authorized by the governing instruments. No statement regarding historical or projected fees, spreads, yields, burns, or execution outcomes constitutes a guarantee, warranty, or promise of future results.

Where the Interface permits tokenization of an LPX Position, the LPX Position Token is the tokenized on-chain receipt of that LPX Position and carries the position-linked rights implemented by the applicable smart contracts and governing terms. A tokenized LPX Position may be transferred, sold, assigned, traded, used in other LPX-related structures, or burned to the extent the applicable smart-contract design permits. If an LPX Position Token is sold or otherwise validly transferred, the associated LPX Position or the position-linked rights represented by that token move with that token to the receiving address to the extent implemented by the applicable smart-contract design. If an LPX Position Token is burned, the effect of that burn on the underlying LPX Position shall be the effect implemented by the applicable smart-contract design and any governing terms tied to that tokenized structure. An LPX Position Token does not by itself grant broader Association-wide governance, office, representative authority, or other rights unrelated to the specific LPX Position it represents. No broader consequence shall be implied from the existence of a tokenized receipt beyond what the applicable tokenized LPX structure actually does.

A Member shall not, directly or indirectly: Use the Interface for unauthorized public solicitation in the name of the Association Misstate or fabricate Association endorsement, sponsorship, or authorization Interfere with the security, routing logic, execution logic, gas logic, or ordinary operation of LPX Attempt to exploit bugs, bypass restrictions, manipulate data inputs improperly, or obtain unfair advantage by abusive technical means Upload, transmit, or deploy malicious code or disruptive transaction patterns Reverse engineer, scrape, copy, or redistribute non-public internal materials except as permitted by valid rule Use LPX in a manner that exposes other Members to unauthorized access, malware, fraud, impersonation, or identity compromise Speak or act in the name of the Association Use LPX contrary to any valid trading-pair restriction, membership limitation, security order, or governance restriction adopted by the Association

Temporary technical or operational protective measures concerning EVM addresses, wallets, interfaces, routing functions, LPX Position interactions, permissions, or related system access may be imposed by any person, committee, or contract function expressly authorized by this Covenant or the applicable Schedule, where that authorized actor reasonably determines such measures are necessary to protect security, system integrity, member assets, or operational continuity. Any such temporary measure is precautionary only, may be imposed immediately, and does not by itself constitute a final determination of breach, fault, misconduct, or membership status. Temporary protective measures may remain in place pending completion of any further step expressly required by this Covenant or the applicable Schedule. No final suspension of membership, expulsion, permanent removal from an expressly granted office or role, or other final status consequence shall occur except pursuant to the authority, grounds, and decision process expressly stated in this Covenant or the applicable Schedule. Any final sanction affecting only LPX access, permissions, routing, participation, or position functionality shall have only the scope expressly stated in the applicable LPX Schedule and shall not by implication alter broader membership status, office, or rights under the Covenant. A final determination made under an expressly authorized process shall not be invalid solely by reason of any non-material deviation from an internal step, sequence, timing, record form, or notice practice, unless this Covenant or the applicable Schedule expressly states that strict compliance with that requirement is a condition of validity. Nothing in this Section limits any automatic on-chain consequence, permission gating, routing restriction, or contract-level control expressly authorized elsewhere in the governing instruments.

Where these LPX Rules, the Covenant, or another valid rule provide for sanctions, available measures may include warning, temporary restriction, position freeze to the extent technically necessary, manager removal, suspension of privileges, revocation of specific permissions, or termination of access. A sanction must be proportionate to the conduct, the security risk presented, the rights affected, and the purpose for which the sanctioning power exists. No suspension, restriction, or termination shall be construed to confiscate Member property except to the extent a consequence is expressly provided by the governing rules, technically inherent in the position design, and imposed through a valid process. Where a Member ceases to be in good standing, the continuing treatment of any LPX Position, LPX Position Token, position-linked right, pending exit request, or other claimed entitlement shall be governed by the Covenant, the applicable position design, and validly incorporated rules. Ambiguity shall be construed against implied forfeiture.

Any guide, FAQ, workshop, community discussion, dashboard explanation, simulation, support message, or commentary made available in connection with LPX is general and educational in nature unless expressly identified as part of a separate written undertaking by an authorized Association Representative. No founder, developer, moderator, host, strategist, or LPX Manager is authorized solely by virtue of that role to provide personalized legal, tax, fiduciary, accounting, or investment advice on behalf of the Association. Each Member remains responsible for obtaining whatever outside professional advice that Member considers necessary and for evaluating the consequences of LPX participation for that Member’s own circumstances.

A Member shall not rely on the Interface, LPX documentation, community statements, simulations, educational materials, or protocol labels as a guarantee of any legal, tax, accounting, securities, commodities, licensing, consumer-protection, or regulatory outcome in any external jurisdiction. Each Member acknowledges that the external characterization of digital-asset activity may depend on facts, conduct, control, marketing, jurisdiction, and circumstances beyond the text of these LPX Rules. Nothing in these LPX Rules shall be construed as a promise that any external tribunal or authority will adopt the Association’s internal characterization of LPX or related activity.

Use of LPX involves substantial risk. These risks include, without limitation: Smart-contract bugs, exploits, failures, upgrade issues, or design flaws Blockchain congestion, reorgs, failed transactions, halted execution, or fork events Gas shortages, gas spikes, or insufficient gas provisioning Wallet compromise, key loss, phishing, malware, approval misuse, or signing error Oracle, routing, pricing, or data-feed issues Volatility, slippage, thin liquidity, idle capital, missed trades, adverse market movement, failure to re-enter at preferred levels, and reduction of one token balance relative to another Configuration error, including mis-set zones, token choices, or LPX mode selections Dependency risk involving bridges, explorers, wallets, aggregators, and other External Resources Each Member assumes such risks to the fullest extent permitted by the Covenant and applicable law.

The Interface may display, route through, or refer to External Resources for convenience or interoperability. The Association does not control such External Resources and does not guarantee their safety, legality, availability, compatibility, or performance. Use of any External Resource is at the Member’s own risk and subject to whatever terms govern that resource. No link, route, display, integration, or reference constitutes Association endorsement unless expressly stated in writing by an Association Representative acting within actual authority.

The Interface and LPX Protocol are provided on an “as is” and “as available” basis. To the maximum extent permitted by the Covenant and applicable law, the Association disclaims all warranties, whether express, implied, or statutory, including any warranty of merchantability, fitness for a particular purpose, non-infringement, accuracy, completeness, timeliness, uninterrupted availability, error-free operation, exploit-resistance, profitability, performance, re-entry, yield, or preservation of value. Nothing in this section excludes any undertaking expressly assumed in a separate written instrument by a duly authorized Association Representative or any liability that cannot lawfully be excluded.

To the maximum extent permitted by the Covenant and applicable law, the Association shall not be liable for indirect, incidental, consequential, special, exemplary, or punitive loss arising out of or relating to LPX, the Interface, LPX Position Tokens, manager arrangements, third-party integrations, or Member use or misuse thereof. To the maximum extent permitted by the Covenant and applicable law, the Association shall not be liable for loss arising from market volatility, failed trades, missed trades, smart-contract behavior, stale data, third-party exploits, routing conditions, gas interruptions, interface outages, Member-side compromise, or Member configuration choices. Nothing in these LPX Rules excludes or limits liability for fraud, bad faith, willful misconduct, gross negligence where applicable, or acts knowingly taken outside actual authority.

To the fullest extent permitted by this Covenant and applicable law, each Member shall indemnify the other Members jointly, and each person acting under actual authority conferred by this Covenant or the applicable Schedule, against claims, losses, damages, liabilities, costs, and expenses arising from that Member’s: breach of these LPX Rules; unauthorized access, unauthorized utilization, or unauthorized exercise of purported LPX-related powers; misstatement of authority, role, or membership status; violation of another person’s rights through use of the Interface; exploit attempt, malicious code, abusive routing behavior, or security breach caused by that Member’s conduct; or external representation that exceeds or contradicts the authority actually conferred under the governing instruments. For purposes of this Section, “Association Property” means property, funds, digital assets, or other resources held or administered from time to time for the common purposes of the Members under the governing instruments, whether held by trustees, custodians, signers, contract-controlled mechanisms, or other authorized holders. No person shall be entitled to reimbursement, exoneration, or indemnification out of Association Property for fraud, bad faith, willful misconduct, gross negligence, undisclosed self-dealing, prohibited sub-delegation, or conduct outside that person’s actual authority. A person who incurs liability while acting honestly, in good faith, and within actual authority under this Covenant or the applicable Schedule may be indemnified out of Association Property only to the extent such indemnification was authorized in advance or is later approved through a valid disinterested process under the governing instruments.

Any person exercising authority granted by these LPX Rules shall disclose any material personal, financial, or affiliated interest that could reasonably affect the exercise of that authority. A person with such a material conflict shall not participate in the relevant decision, instruction, approval, or other exercise of authority, except to the limited extent necessary to make the disclosure itself. If these LPX Rules expressly authorize further participation by a conflicted person in a specified matter, that participation is permitted only to the extent expressly stated. Any act taken without the required disclosure, or any conflicted participation beyond what these LPX Rules expressly permit, may be treated as unauthorized under these LPX Rules.

Any power exercised under these LPX Rules shall be exercised only within the scope expressly granted by these LPX Rules and only for the purposes for which that power is granted. No person acting under authority granted by these LPX Rules may act in bad faith, for an ulterior purpose unrelated to the use, management, protection, or administration of LPX property, or knowingly contrary to these LPX Rules. An act taken outside the scope of authority granted by these LPX Rules may be treated as unauthorized and may be subject to the remedies expressly provided in these LPX Rules.

Questions, objections, or claimed errors relating to the application of these LPX Rules may be raised through any internal contact channel or administrative process, if any, expressly made available for that purpose. Unless these LPX Rules expressly provide otherwise, no person has a right under these LPX Rules to mediation, tribunal process, arbitration, or appellate review. Any internal response, clarification, or administrative determination made under these LPX Rules is for the limited purpose of administering access to, use of, or participation in LPX property under these LPX Rules.

If any provision of these LPX Rules is held invalid, unenforceable, or inapplicable in a given circumstance, the remaining provisions shall continue in force to the maximum extent possible. Where possible, any invalid or unenforceable provision shall be construed narrowly so as to preserve the lawful internal allocation of rights and responsibilities intended by these LPX Rules. These LPX Rules shall be interpreted: In harmony with the Covenant In a manner preserving valid internal governance and Member contractual intent Against implied forfeiture where a less severe interpretation is reasonably available Against any interpretation that enlarges delegated authority beyond its express grant So as to distinguish internal functional characterization from external legal characterization

In the event of conflict concerning an LPX-specific matter, the order of precedence shall be: The Covenant and any superior governing instrument recognized by the Covenant; These LPX Rules; Position-specific terms validly adopted for the relevant LPX Position and in force when the position was created or joined, together with any later amendment validly applicable under Section 6; Any smart-contract function expressly designated by a higher-order governing instrument as controlling for a stated operational purpose and only to that stated extent; and Interface descriptions, dashboards, simulations, FAQs, help text, support messages, and educational materials. No lower-order material shall amend or override a higher-order governing instrument unless the higher-order instrument expressly permits that result.

A person who, as a Member, accesses or utilizes the Interface, creates or joins an LPX Position, signs an LPX-related transaction, receives or transfers an LPX Position Token, or otherwise engages in LPX activity within the Association is deemed to have accepted these LPX Rules to the extent applicable to that person's status, permissions, and conduct. A person lacking authority to accept these LPX Rules on behalf of another may bind only themselves and not the purported principal, except to the extent the principal later validly ratifies the conduct. These LPX Rules become effective as adopted under the Covenant and remain in force until amended, repealed, or superseded in accordance with the governing instruments of the Association. For any given LPX Position, the governing terms applicable to that position are those in force when the position was created or joined, together with any later amendment validly applicable under Section 6.