NFT FUNDING CONTRACT AGREEMENT

This agreement is for the funding OF PROJECT namely ______ and is entered on
______________ into, by and between

______________________ COMPANY, LLC (hereby referred to as “PROJECT

FOUNDER’’)

and

_____________ (hereby referred to as “Cofounder”). 

 
1.     DEFINITIONS

In this Agreement, the following terms would have mean:

a.     Commencement Date: means and includes the date on which this Agreement
shall be executed between the parties.

b.     NFT: A non-fungible token (NFT) is a unit of data stored on a block chain that
certifies a digital asset to be unique and therefore not interchangeable. ERC-721
NFTs are used to represent unique ownership of any physical asset.

c.      ERC-721: is a liquidly asset-backed asset. Meaning thereby, that the ERC-721
NFT is backed by the physical asset.  The ERC-721 collection that you purchase
includes both the physical asset plus the NFT assets;

d.     Block chain: A block chain is a type of database that uses “blocks” instead of
tables to store information. In general, block chain is referred to as a digital
ledger that is extremely difficult to hack due to its duplication of transactions and
dissemination of information across the entire network of computer systems.

    
2.     TERMS OF AGREEMENT

 In consideration of the promises and covenants contained herein, as well as other
good and valuable consideration (the receipt and sufficiency of which is hereby
acknowledged), the Parties do hereby agree as follows:

 
 a.     The parties that this is mutual investment agreement hereinafter referred
as ("Agreement") between the parties for investment/funding of NFT
Projects.

b.     The parties consent that, the NFT’s (referred to as Digital Assets) traded in
lieu of this agreement, shall be backed by the physical graded asset
CARDS as agreed.

c.  In lieu of this agreement, the Cofounder shall make an investment into
Company Projects for developing, buying or selling NFT’s and shall receive
profit accordingly.

4. These NFT’s are non-security fragments. They are not to be traded on public
exchange as stocks and bonds are.

e.      The physical assets shall be kept in a safe vault under the hard surveillance of
third-party along with 24/7 security alert, so that no one can have access of them.
Moreover, the assets are also equipped with GPS, in order to trace in case, of
any unforeseen event.

f.      That the parties agree that ERC-721 and -“ERC-1155” standards shall be used
for making, minting and transferring of NFT’s relating to the project.

g.     The parties also agree that the project can/will run on single as well as multiple
layers and

h.     That
pursuant to the terms and conditions of this Agreement,
the Seller agrees to assist the Buyer in the sale of the NFT
Graded Cards through Opensea.io, NFT Marketplaces. Buyer
shall pay for shipping and insurance of the Graded “Cards” to
the Seller, along with vault or auction house.
 

3.     PROJECT COLLECTION INFORMATION:

 
The parties agree that following shall be key information structure of the project:
 
 a.      There shall be a total of FIVE (5) Hard Physical Assets.
b.     There shall be total of ERC 721- FIVE NFTs.
c.      There shall be limited editions Minted NFTs 205, 41 LIMITED EDITION Mints
from each single ERC-721 Digital NFT.
 
4.     PROJECT PERCENTAGE STRUCTURE:
 
The parties have agreed and consented on the following financial structure of
the projects:
 
There shall be ONE Founder and FIVE Co-Founders with their respective
shares as under:

a.                The project price shall be 100% of the total Project percentage.
b.     Founder Percentage share shall be: 25%
c.      Co-Founder percentage share shall be: 15%

5.     PURCHASE PRICE: 

The parties agree that there are five different fragment stakes in each Project
and which shall be agreed between them prior to the investment/signing of the
agreement.

For the consideration amount agreed the parties shall purchase the fragments.

$29,180.00 Investment in Fragment 15% of Total Project Price

   

   

   

   
 

As consideration for the FUNDING of the PROJECT, the Buyer shall pay to the
Seller the total purchase price of (             ).

·        Per Stake of (   )  $(     ) for ERC-721 NFT collection

 

 
6.    MODE OF PAYMENT: 
 

The parties agree that the cofounder hereby agrees to pay/fund the agreed amount,
in this agreement, immediately, after execution of this agreement. The paid fragment
stake parentage amount shall be paid into company’s bank account or otherwise as
agreed.

7.     ROYALTIES

The parties agree that after the project yields results the cofounder will receive
2.5% of royalties which will be paid from any ONE asset that sells for the lifetime
of smart contract and if the cofounder has purchased one or more fragment
stakes, then the royalties shall be disbursed accordingly.
 
8.     REVENUE DISBURSEMENTS

The parties hereby agree that the generated revenue and royalties incurred from
the project and the percentage of projects stake shall be paid within 21 business
days from the sale of the asset.
 
And Revenue payments will be transferred directly electronically to cofounder’s
digital wallet and or bank wire / physical check.
 
9.     TAXES

All participants, fragment stake founders are responsible independently for all taxes
on revenue disbursements that may incur to them as a person and or business entity
and the company shall not be responsible for any of their tax related matters.
 
10.  RISK OF LOSS AND ECONOMIC ANTICIPATION
 
The parties agree that although there are no specific economic anticipation yet co-
founders are likely to recover their capital/return after at-least 30-90 days period of
engagement of NON-FUNGIBLE TOKEN marketing campaigns which may include
but are not limited to electronic digital platforms, internet advertising channels,
Crypto currency platforms, Blockchain networks, Metaverse, Social media platforms,
Airdrops, NFT marketplaces, NFT auctions, and or other markets this is not an
exhaustive list.
 
Furthermore, the parties also agree that:
 
 
a.      The Participant agrees to bear all of the economic risks AS A COFOUNDER
in the THE PROJECT and can also sustain a complete loss of the FUNDS.
b.     That the Participant understands and is fully aware of all the risks associated
with COFOUNDERS payment. 
c.      In this regard, the Participant, COFOUNDER or any other Entity
acknowledges fully that there are certain RISKS involved in the contracting of
the PROJECT and hereby signed this agreement with free will and are
capable and prudent of making investment decisions on their own.
d.     That the PROJECT FOUNDERS HAVE GVING the legal or tax advice, prior
to COFOUNDER making FUNDING PAYMENT.
e.      That the Participant also agrees regarding all financial forecast and
predictions and consents that they ARE ESTIMATED and are deem to face
any consequences. That it is agreed by both parties that the prices may
increase, deduct and an additional fee may be charged upon the Investment
price, due to any prevailing financial circumstances in terms of any
uncertainty of NFT marketplace and increase or decrease in transfer fee.