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Univerxe Game - License

Univerxe Land TERMS

As used in these terms, “Univerxe Land” means a non-fungible, unique token (NFT) on the Aptos blockchain that, as of its genesis issuance, contains a link to a unique image (“Art”). Each owner of an Univerxe Land (“Owner”) has the non-exclusive right to use, copy and display the Art linked to his/her Univerxe Land to the extent that such use, copy, or display results from the operation of the smart contract related to the Univerxe Land and only for so long as the Owner owns the Univerxe Land (as recorded on the relevant blockchain), in each case, solely for his/her own personal, non-commercial use (e.g., home display, display in a virtual gallery), including to create a reasonable number of back-up copies and a physical print out. This right is personal and cannot be transferred (other than in connection with a sale or transfer of the Univerxe Land) or sub-licensed. For the avoidance of doubt, this right does not include any right or license to use, copy, display or otherwise exploit the Art for any non-personal or commercial purposes, or to create any derivative works of the Art.


Land License Agreement

This Land License Agreement (this “Agreement”) is a legally binding agreement by and between Univerxe Game Inc, Inc. (“Univerxe Game Inc” or “us”), a Delaware corporation, and any owner of any Land (defined below) (“you” or “Purchaser”). Univerxe Game Inc and each Purchaser may be referred to throughout this Agreement collectively as the “Parties” or individually as a “Party”. This Agreement governs the rights and obligations with respect to a Land. By purchasing or otherwise owning a Land, you acknowledge that you have carefully read and agree to the terms of this Agreement.

IMPORTANT NOTICE REGARDING ARBITRATION: WHEN YOU AGREE TO THIS AGREEMENT, YOU ARE AGREEING (WITH LIMITED EXCEPTION) TO RESOLVE ANY DISPUTE BETWEEN YOU AND Univerxe Game Inc THROUGH BINDING, INDIVIDUAL ARBITRATION RATHER THAN IN COURT. PLEASE REVIEW CAREFULLY SECTION 16 “DISPUTE RESOLUTION” BELOW FOR DETAILS REGARDING ARBITRATION. HOWEVER, IF YOU ARE A RESIDENT OF A JURISDICTION WHERE APPLICABLE LAW PROHIBITS ARBITRATION OF DISPUTES, THE AGREEMENT TO ARBITRATE IN SECTION 16 WILL NOT APPLY TO YOU BUT THE PROVISIONS OF SECTION 15 (GOVERNING LAW AND FORUM CHOICE) OR RELEVANT PROVISIONS OF APPLICABLE LAW WILL STILL APPLY.

1. Land Defined. “Land” refers to a non-fungible, unique token on the Aptos blockchain (“NFT”) (i.e., a controllable electronic record on a blockchain) and that, as of its genesis issuance, contains an image of Art. “Art” means each of the unique images of the 10,000 “Lands” each associated with, and linked to, an individual Land NFT.

2. Additional Terms. Lands may be available for purchase or transfer (i) on one or more third-party platforms, such as OpenSea, or other marketplaces that may be established from time to time (each, an “NFT Marketplace”), which we do not operate, or (ii) directly from third-party owners of Lands (such transactions, “Direct Sales”). The access and use of any NFT Marketplace is subject to the separate terms of that NFT Marketplace and any Direct Sales are subject to the terms thereof. In addition, although we do not guarantee that they will, third parties may grant Land owners various entitlements and benefits. If a third party does so, such entitlements and benefits will be subject to whatever terms are provided by such third parties. We are not responsible or liable for any third-party NFT Marketplace, any Direct Sales, or any third-party entitlements or benefits. You covenant not to sue Univerxe Game Inc based on activities that may occur on such NFT Marketplaces, any Direct Sales (except Direct Sales for which Univerxe Game Inc is the seller or purchase), due to third-party benefits or entitlements.

3. Ownership of a Land.

4. License

5. Reservation of Rights.

6. Transfers. You hereby agree that all subsequent transactions involving your Land are subject to the following terms: (a) the Land transferee (the “Transferee”) shall, by purchasing, accepting, accessing or otherwise using the Land or Art, be deemed to accept all of the terms of this Agreement as a “Purchaser” hereof; (b) the Land transferor (the “Transferor”) shall provide notice to the Transferee of this Agreement, including a link or other method by which the terms of this Agreement can be accessed by the Transferee. Purchaser further acknowledges and agrees that all subsequent transactions involving your Land will be effected on the blockchain network governing the Land, and Purchaser will be required to make or receive payments exclusively through Purchaser’s cryptocurrency wallet; (c) the Transferor shall pay or cause to be paid to Univerxe Game Inc amount equal to 2.5% of the total purchase price for the Land in connection with the transaction between the Transferor and the Transferee (the “Royalty Payment”), which Royalty Payment shall be paid on the same terms and at the same time as the Transferor is paid by the Transferee. You acknowledge and agree that the Royalty Payment; and (d) each such subsequent transaction shall be effected on the Aptos blockchain. For the avoidance of doubt, you (as Transferor) and all subsequent Transferees (to the extent they are Transferors) are responsible for paying each Royalty Payment to the extent such Royalty Payment is not automatically paid as a result of the operation of the smart contract related to the Land.

7. Univerxe Game Inc’ Rights and Obligations to the Art. Univerxe Game Inc is not responsible for the ultimate rendering of the Art.

8. Purchaser’s Representations and Warranties. Purchaser represents and warrants that Purchaser (a) is the age of majority in Purchaser’s place of residence (which is typically 18 years of age) and has the legal capacity to enter into this Agreement; (b) that Purchaser will use and interact with the Land and Art only for lawful purposes and in accordance with this Agreement; and (c) will not use the Land or Art to violate any law, regulation or ordinance or any right of Univerxe Game Inc, its licensors, or any third party, including without limitation, any right of privacy, publicity, copyright, trademark, or patent. Purchaser further represents and warrants that Purchaser will comply with all applicable law in the exercise of its rights and obligations under this Agreement.

9. Warranty Disclaimers. EACH Land IS PROVIDED “AS IS,” WITHOUT WARRANTY OF ANY KIND. WITHOUT LIMITING THE FOREGOING, Univerxe Game Inc EXPLICITLY DISCLAIMS ANY AND ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, QUIET ENJOYMENT AND NON-INFRINGEMENT, AND ANY WARRANTIES ARISING OUT OF COURSE OF DEALING OR USAGE OF TRADE. Univerxe Game Inc MAKES NO WARRANTY THAT ANY Land WILL MEET PURCHASER’S REQUIREMENTS, BE CONTINUALLY DISPLAYED, OR BE AVAILABLE ON AN UNINTERRUPTED, SECURE, OR ERROR-FREE BASIS. Univerxe Game Inc MAKES NO WARRANTY REGARDING THE QUALITY, ACCURACY, TIMELINESS, TRUTHFULNESS, COMPLETENESS, OR RELIABILITY OF ANY INFORMATION OR CONTENT MADE AVAILABLE WITH RESPECT TO ANY Land.

Univerxe Game Inc WILL NOT BE RESPONSIBLE OR LIABLE TO PURCHASER FOR ANY LOSS IN CONNECTION WITH ANY Land AND TAKES NO RESPONSIBILITY FOR, AND WILL NOT BE LIABLE TO PURCHASER FOR, ANY USE OF OR INABILITY TO USE ANY Land, INCLUDING BUT NOT LIMITED TO ANY LOSSES, DAMAGES OR CLAIMS ARISING FROM: (I) USER ERROR SUCH AS FORGOTTEN PASSWORDS, INCORRECTLY CONSTRUCTED TRANSACTIONS, OR MISTYPED WALLET ADDRESSES; (II) THE BEHAVIOR OR OUTPUT OF ANY SOFTWARE, NODE SERVER ERROR OR FAILURE, OR DATA LOSS OR CORRUPTION; (III) ANY FEATURES, DEVELOPMENT, ERRORS, OR OTHER ISSUES WITH BLOCKCHAIN NETWORKS; (IV) UNAUTHORIZED ACCESS TO ANY Land; OR (V) ANY THIRD PARTY ACTIVITIES, INCLUDING WITHOUT LIMITATION, THE USE OF VIRUSES, PHISHING, BRUTEFORCING OR OTHER MEANS OF ATTACK.

EACH Land IS AN INTANGIBLE DIGITAL ASSET THAT EXISTS ONLY BY VIRTUE OF THE OWNERSHIP RECORD MAINTAINED ON THE Aptos BLOCKCHAIN. ANY TRANSFER OF TITLE THAT MIGHT OCCUR IN ANY UNIQUE DIGITAL ASSET OCCURS ON THE DECENTRALIZED LEDGER WITHIN THE Aptos BLOCKCHAIN, WHICH Univerxe Game Inc DOES NOT CONTROL. Univerxe Game Inc DOES NOT GUARANTEE THAT Univerxe Game Inc CAN EFFECT THE TRANSFER OF TITLE OR RIGHT IN ANY Land. PURCHASER BEARS FULL RESPONSIBILITY FOR VERIFYING THE IDENTITY, LEGITIMACY, AND AUTHENTICITY OF ASSETS. NOTWITHSTANDING INDICATORS AND MESSAGES THAT SUGGEST VERIFICATION, Univerxe Game Inc MAKES NO CLAIMS ABOUT THE IDENTITY, LEGITIMACY, OR AUTHENTICITY OF ASSETS.

SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF IMPLIED WARRANTIES IN CONTRACTS WITH CONSUMERS, SO THE ABOVE EXCLUSION MAY NOT APPLY TO YOU.

10. Assumption of Risk. Purchaser accepts and acknowledges all risks associated with the following:

11. Links to Third-Party Websites or Resources. Use and interaction of the Land and the Art may allow Purchaser to access third-party websites or other resources. To the extent that Univerxe Game Inc provides links or access to such sites and/or resources, it does so only as a convenience and is not responsible for the content, products, or services on or available from those resources or through any links displayed on such websites. Purchaser acknowledges sole responsibility for, and assumes all risk arising from, Purchaser’s use of any third-party sites or resources. Under no circumstances shall Purchaser’s inability to view or use Art on a third-party website serve as grounds for a claim against Univerxe Game Inc.

12. Termination of License to the Art. Purchaser’s licenses to the Art shall automatically terminate and all rights shall revert to Univerxe Game Inc if at any time: (a) Purchaser breaches any portion of this Agreement, including any failure to pay any Royalty Payment, (b) Purchaser engages in any unlawful activity related to the Land (including transferring the Land to a Prohibited Transferee), or (c) if Univerxe Game Inc has a reasonable basis for believing that you have engaged in a subsequent transaction with respect to a Land that is not recorded on, effected by, or otherwise conducted using the Aptos blockchain, or is otherwise conducted in a manner reasonably likely to cause the Royalty Payment to not be timely paid. Upon any termination, discontinuation or cancellation of Purchaser’s licenses to the Art, Univerxe Game Inc may disable Purchaser’s access to the Art and Purchaser shall delete, remove, or otherwise destroy any back up or other digital or physical copy of the Art. Upon any termination, discontinuation, or cancellation of the license in this Agreement, the following Sections will survive: 3, 5 through 17.

13. Indemnity. Purchaser shall defend, indemnify, and hold Univerxe Game Inc, its licensors, affiliates, representatives, and service providers, and each of them, and all of their respective officers, directors, employees and agents (the “Indemnified Parties”) harmless from and against any and all claims, damages, losses, costs, investigations, liabilities, judgments, fines, penalties, settlements, interest, expenses and other similar results or occurrences (including attorneys’ fees) that directly or indirectly arise from or are related to any claim, suit, action, demand, or proceeding or other similar occurrence, process or activity, that is initiated, made, brought or financed by a third party (including any person who accesses or transacts using any Land whether or not such person personally purchased a Land) against the Indemnified Parties, or on account of the investigation, defense, or settlement thereof, arising out of or in connection with (a) your access to or use of the NFT Marketplace or any third-party services or products, (b) your breach or alleged breach of this Agreement, (c) your exercise of the licenses in Section 4, or (d) your actual or alleged violation of applicable law.

14. Limitation of Liability.

15. Governing Law and Forum Choice. This Agreement and any action related thereto will be governed by the U.S. Federal Arbitration Act, federal arbitration law, and the laws of the State of New York, without regard to its conflict of laws provisions. Except as otherwise expressly set forth in Section 16 “Dispute Resolution,” the exclusive jurisdiction for all Disputes (defined below) will be the state and federal courts located in the State and City of New York, and you and Univerxe Game Inc each waive any objection to jurisdiction and venue in such courts.

16. Dispute Resolution.

17. General Terms. This Agreement will transfer and be binding upon and will inure to the benefit of the Parties and their permitted successors and assigns, in particular any permitted Transferee. This Agreement constitutes the entire agreement, and supersedes any and all prior or contemporaneous representations, understandings and agreements, between the Parties with respect to the subject matter of this Agreement, all of which are hereby merged into this Agreement. Without limitation, the terms of any other document, course of dealing, or course of trade will not modify this Agreement, except as expressly provided in this Agreement or as the Parties may agree in writing. This Agreement may be amended by Univerxe Game Inc in its absolute and sole discretion; provided, that Univerxe Game Inc shall give notice of any material amendments to this Agreement to the holders of the Land NFTs through reasonable and public means (i.e., public post on a social media network, e.g., Twitter). Failure to promptly enforce a provision of this Agreement will not be construed as a waiver of such provision. Nothing contained in this Agreement will be deemed to create, or be construed as creating, a joint venture or partnership between the parties. Neither Party is, by virtue of this Agreement or otherwise, authorized as an agent or legal representative of the other Party. Neither Party is granted any right or authority to assume or to create any obligation or responsibility, express or implied, on behalf or in the name of the other Party, or to bind such other Party in any manner. Nothing contained in this Agreement will be deemed to create any third-party beneficiary right upon any third party whatsoever. Each of the Parties acknowledges that it has had the opportunity to have this Agreement reviewed or not by independent legal counsel of its choice. If any one or more of the provisions of this Agreement should be ruled wholly or partly invalid or unenforceable, then the provisions held invalid or unenforceable will be deemed amended, and the arbitrator, court or other government body is authorized to reform the provision(s) to the minimum extent necessary to render them valid and enforceable in conformity with the Parties’ intent as manifested herein. The headings to Sections of this Agreement are for convenience or reference only and do not form a part of this Agreement and will not in any way affect its interpretation. Neither Party will be afforded or denied preference in the construction of this Agreement, whether by virtue of being the drafter or otherwise. For purposes of this Agreement, the words and phrases “include,” “includes”, “including” and “such as” are deemed to be followed by the words “without limitation”. Except as set forth in Section 16(a), Purchaser may give notice to Univerxe Game Inc by contacting Univerxe Game Inc at support@univerxe.io. Notice is effective upon receipt. The Parties have agreed to contract electronically, and accordingly, electronic signatures and other forms of acceptance will be given the same effect and weight as original signatures.

© 2023 Univerxe Game Inc.