TOKYO PUNKS LICENSE

TOKYO PUNKS LICENSE

LICENSING AGREEMENT FOR TOKYO PUNKS BAD BUNNIES, TOKYO PUNKS GENESIS COLLECTION, TOKYO PUNKS UGLY KITTIES and SABET ORGNLS NFTs

As the holder of a Tokyo Punks Bad Bunnies, Tokyo Punks Genesis Collection, or Tokyo Punks Ugly Kitties NFT and SABET ORGNLS NFT collection, you have been granted an exclusive license to create derivatives and sell merchandise based on the specific character depicted in your NFT. However, it is important to note that this license is only valid for as long as you own the NFT and that the use of any form of sexual content, drugs, illegal substances, or any other inappropriate or illegal material will result in the revocation of the license. Additionally, upon the sale of your NFT, the licensing rights will be transferred to the new owner.

Exclusive License

The holder of any of the above mentioned NFTs (“Licensee”) is granted an exclusive license to use the specific NFT character they own for the purpose of creating derivatives and selling digital and physical merchandise based on the character. The license is valid for the duration of the time the Licensee owns the NFT. Upon the sale of the NFT, the licensing rights will transfer to the new owner.

Restrictions

The Licensee may not use the name “SABET”, “Tokyo Punks”, “Bad Bunnies”, “Tokyo Punks Genesis Collection”, “Tokyo Punks Ugly Kitties” “ORGNLS by SABET” or any variations thereof in connection with their derivatives or merchandise.

The Licensee may not use the character in any way that is deemed hateful, inappropriate, or not safe for work. Furthermore, the use of the character in association with drugs or illegal substances is strictly prohibited. Any sexual content is not allowed.

Liability Release

The Licensee agrees to indemnify and hold harmless Sabet Brands Inc. from any and all claims, damages, expenses, and liability arising out of or related to the Licensee's use of the character.

Automatic Enforceability

This Licensing Agreement is automatically enforceable and no signature is required.

Disclaimer

SABET BRANDS INC. MAKES NO WARRANTIES, EXPRESS OR IMPLIED, WITH RESPECT TO THE LICENSED MATERIALS, INCLUDING WITHOUT LIMITATION, ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. SABET BRANDS INC. SHALL NOT BE LIABLE FOR ANY DAMAGES OF ANY KIND, INCLUDING WITHOUT LIMITATION, INDIRECT, INCIDENTAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, WHETHER ARISING FROM BREACH OF WARRANTY, CONTRACT, TORT (INCLUDING NEGLIGENCE), OR OTHERWISE, AND WHETHER OR NOT SABET BRANDS INC. IS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

DETAILS

LICENSING AGREEMENT FOR TOKYOPUNKS BAD BUNNIES, TOKYOPUNKS GENESIS COLLECTION, TOKYOPUNKS UGLY KITTIES AND ORGNLS BY SABET NFT HOLDERS

This licensing agreement (the "Agreement") is entered into by Sabet Brands Inc., a California corporation, with the address of 3972 Barranca Parkway, Suite J128, Irvine Ca, 92606 (hereinafter referred to as "Licensor"), and the holder of any of the intellectual properties known as Tokyo Punks Bad Bunnies, Tokyo Punks Genesis Collection, or Tokyo Punks Ugly Kitties (the "Licensee").

  1. GRANT OF LICENSE: The Licensor hereby grants to the Licensee, an exclusive, non-transferable, non-sublicensable license to use the specific character in the NFT that the Licensee owns, to create derivatives of such character, and to use such character in the production and sale of digital and physical merchandise. The Licensee shall not use the name "Sabet" or "Tokyo Punks" or "Bad Bunnies" or "Genesis Collection" or "Ugly Kitties" in connection with such merchandise.

  2. RESTRICTIONS: The Licensee shall not use the character in any manner that is deemed inappropriate, hateful, or not safe for work, or that promotes illegal drugs or any other illegal substances.

  3. INTELLECTUAL PROPERTY RIGHTS: The Licensor retains all right, title, and interest in and to the intellectual property rights associated with the character and the merchandise created by the Licensee shall not challenge the validity of the Licensor's rights in the character.

  4. NO SIGNATURE REQUIRED: This agreement is automatically enforced as soon as a NFT is owned by the Licensee, no signature is required.

  5. TERMINATION: Any breach of this agreement by the Licensee will result in automatic termination of the license.

  6. DISCLAIMER: The Licensor makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the character or the information, products, services, or related graphics contained in the character for any purpose. Any reliance the Licensee places on such information is therefore strictly at the Licensee's own risk.

  7. LIMITATION OF LIABILITY: In no event shall the Licensor be liable for any damages whatsoever, including but not limited to any direct, indirect, special, incidental, or consequential damages, arising out of or in connection with the use or inability to use the character.

  8. EXCLUSIVITY: The license granted to the Licensee is exclusive to the specific character in the NFT that the Licensee owns.

  9. GOVERNING LAW: This Agreement shall be governed by and construed in accordance with the laws of the State of California, without giving effect to any principles of conflicts of law. Any dispute arising under or in connection with this Agreement shall be resolved by binding arbitration in accordance with the rules of the American Arbitration Association.

  10. ENTIRE AGREEMENT: This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings, whether oral or written.