This Collector Agreement (“Agreement”) is entered into at the time of purchase by and between The Punkz LLC (“Punkz”) and the purchaser (the “Collector”) of the Punkz non-fungible token (“Punkz”).
1. Ownership. Punkz is a trait-generative avatar project of 10,000 three-dimensional characters created by Punkz as non-fungible tokens (“NFTs”) that are stored on the Solana blockchain. Punkz owns the name and mark “Punkz” and other intellectual property and proprietary technologies that constitute the brand image by which Punkz is known to the public. Punkz intellectual property and proprietary technologies, include, but are not limited to: Punkz smart contracts, logos, trademarks, product names, service marks, and copyrightable works, including but not limited to content of its internet sites, user interface, and generative traits, as it relates to Punkz (“IP Rights”).
2. Collector Rights. Punkz grants to the Collector a worldwide non-exclusive, assignable, perpetual, and royalty-free license to display the NFT solely for non-commercial purposes, given that such display right may only be assigned to a subsequent Collector of the NFT simultaneously with the transfer of ownership of the NFT and this Agreement.
3. Restrictions. The Collector agrees to not use the purchased Punkz in any manner that depicts or encourages illegal acts, or involves pornography, racism, obscenity, violence, libel, or slander.
4. Resale. By purchasing Punkz, the Collector acknowledges and agrees that the terms of this Agreement are binding on subsequent Punkz owners and any succeeding owner, causing all owners of the purchased Punkz to be subject to this Agreement.
5. Miscellaneous. This website and its contents are provided “as is” and “as available” without warranty of any kind, either expressed or implied. By using this website you are accepting sole responsibility for any and all transactions involving Punkz collectibles.