IP STATEMENT
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RIGHTS REGARDING USE OF THE ART
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Upon your purchase of a Bitcoin Chicks NFT (the “Licensed NFT”) which contains and embodies artwork created by Bitcoin Chicks (the “Art”) and accepting the Terms and Conditions of this Agreement, you shall receive from Bitcoin Chicks a non-exclusive, worldwide, royalty-free license to

• use, display, or otherwise enjoy the Art of your Licensed NFT for your own personal use
• exploit or commercialize the Art contained in your Licensed NFT by producing and selling physical merchandise that portrays the Art in its entirety
• sell or transfer your Licensed NFTs to another party pursuant to the terms of Bitcoin Chicks Terms of Service
• and use your Licensed NFT as part of a third-party website or application which permits the inclusion, involvement, and/or participation for your Licensed NFTs, provided that the website or application cryptographically permits and verifies each NFT owner’s rights and ownership to display the Art and the website or application ensures only the actual owner can display the Art. For the avoidance of doubt, you shall not have the right to use the Bitcoin Chicks brand, logo, or other intellectual property rights other than the Art in the above stated activities described including without limitation in commercial use of the Art.

Bitcoin Chicks may, at its option, terminate or suspend your right to commercialize or exploit the Art contained in the Licensed NFT in the event that your commercialization or exploitation of the Art

• involves a criminal act or other act involving moral turpitude, drugs or felonious activities
• involves an act or occurrence which brings Bitcoin Chicks or the yourself into public disrepute, contempt, scandal, or ridicule, or which shocks or offends the community or any group or class thereof, or which reflects unfavorably upon Bitcoin Chicks or reduces the commercial value of Bitcoin Chicks or its products including without limitation to its NFTs
• or you take action in connection to the Licensed NFT in derogation of Bitcoin Chicks or its products and such action becomes public while you are a holder the Licensed NFT. Any of the acts described above will be deemed a material breach of this Agreement and Bitcoin Chicks’s Terms of Service.

You understand and agree that these rights are licensed solely to the rightful and legal Owner of the Licensed NFT. Your licensed rights to the Licensed NFT will terminate upon the rightful and legal sale or transfer of your Licensed NFT. For the avoidance of doubt, upon termination of your licensed right, you shall no longer be allowed to engage in creation, exploitation, or commercialization of merchandise containing the Licensed NFT or Art. In the event that you sell your NFT, the new Owner, upon their acceptance of the Terms and Conditions of this Agreement and the Bitcoin Chicks Terms of Service, shall receive the above listed licensed rights. Bitcoin Chicks shall retain the right to commercialize and exploit the intellectual property rights contained in the Licensed NFT and the Art in its sole discretion in all form and media, now known or here after devised.
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