Last Updated May 27, 2022

NFT Elite Collective Pass Terms and Conditions

NFT Elite Collective Pass ( “Elite Collective”, “we,” “us,” or “our”) provides its services (described below) and related content to you (“you” or “User”) through its website and platform located at nftelitepass.xyz (the “Site”), subject to these Terms of Use (as amended from time to time, the “Terms”). All additional terms, guidelines, and rules as set forth on the Site are hereby incorporated by reference into these Terms and expressly agreed to and acknowledged by you. These terms govern your access to and use of this Site, as well as all content, functionality, and services offered on or through the Site, including Perks (as defined below) (collectively, the “Services”), and NFT Elite Collective Passes. By connecting your cryptocurrency wallet (e.g., MetaMask or WalletConnect) to the Services, or otherwise using or accessing the Services, Perks or any NFT Elite Collective Passes, you acknowledge that you have read and agree to these Terms.

By agreeing to these Terms, you hereby certify that you are at least 18 years of age. If you do not agree to these Terms, you must not access or use the Site.

We reserve the right, at our sole discretion, to change or modify portions of these Terms at any time. If we do this, we will post the changes on this page and will indicate at the top of this page the date these Terms were last revised. We will also notify you, either through the Site user interface, in an email notification or through other reasonable means. Any such changes will become effective no earlier than fourteen (14) days after they are posted, except that changes addressing new functions of the Site will be effective immediately. Your continued use of the Site after the date any such changes become effective constitutes your acceptance of the new Terms of Use.

  1. Ownership
  2. You Own the NFT. Each Elite Collective Pass is an NFT on the Ethereum blockchain. When you purchase an NFT, you own the underlying Pass completely. Ownership of the NFT is mediated entirely by the Smart Contract and the Ethereum Network: at no point may we seize, freeze, or otherwise modify the ownership of any Elite Collective Pass.
  1. Smart Contract Enabled.

NFT Elite Collective Pass is a non-fungible Ethereum-based token that uses smart contracts on the Ethereum blockchain (“Smart Contracts”). The Ethereum blockchain provides an immutable ledger of all transactions that occur on the blockchain. This means that all NFT Elite Collective Passes are outside of the control of any one party, including Elite Collective, and are subject to many risks and uncertainties. Elite Collective neither owns nor controls MetaMask, WalletConnect, the Ethereum network, your browser, or any other third party site, product, or service (including third party wallets or marketplaces) that you might access, visit, or use for the purpose of enabling you to use the Services or to purchase, list, auction, or sell NFT Elite Collective Passes (“Transaction”), and that, except with respect to transferring control of a NFT Elite Collective Pass to the initial purchaser through the Services (“Initial Purchaser”), Elite Collective has no responsibility with respect to any Transaction. Elite Collective will not be liable for the acts or omissions of any third parties, nor will Elite Collective be liable for any damage that you may suffer as a result of your transactions or any other interaction with any third parties. You understand that your Ethereum public address will be made publicly visible whenever you engage in a Transaction. Aside from transferring control of the NFT Elite Collective Pass to the Initial Purchaser, Elite Collective has no control over the transfer, storage, ownership or maintenance of the NFT Elite Collective Pass.

  1. Changes To The Services

Elite Collective reserves the right to modify or discontinue, temporarily or permanently, the Services (or any part thereof) with or without notice. You agree that Elite Collective will not be liable to you or to any third party for any modification, suspension, or discontinuance of the Services, including in relation to any NFT Elite Collective Pass.

  1. Perks

A Collector (as defined below) of a NFT Elite Collective Pass may receive special perks, experience, or opportunities as determined by Elite Collective in its sole discretion (“Perks”) for a period of four (4) years after the NFT Elite Collective Passes are first made available for sale (i.e., dropped) by Elite Collective. Elite Collective does not make any representation or guarantee that any Collector will receive any Perks or achieve any particular outcome as a result of owning any NFT Elite Collective Pass. Elite Collective reserves the right, at its sole discretion, to restrict, limit, or deny any Perks to any Collector, including to limit the period of time when a Perk is available, for any reason, at any time. Perks are not intended to be an endorsement of any project, creator, NFT, individual or any other thing, and Elite Collective makes no recommendation and provides no investment advice in connection with any Perks or otherwise as a result of holding or owning the NFT Elite Collective Pass.

  1. Connecting Your Wallet

In order to access and use the Services, including engaging in a Transaction on the Services, you must connect your account to your digital wallet supported on MetaMask, WalletConnect or other wallet extensions or gateways as allowed on the Services. Such digital wallets allow you to purchase, store, and engage in transactions using the native Ethereum cryptocurrency, ETH. When you link your cryptocurrency wallet, you understand and agree that you are solely responsible for maintaining the security of your wallet and your control over any wallet-related authentication credentials, private or public cryptocurrency keys, non-fungible tokens or cryptocurrencies that are stored in or are accessible through your wallet. Any unauthorized access to your cryptocurrency wallet by third parties could result in the loss or theft of NFT Elite Collective Passes and/or funds held in your wallet and any associated wallets, including any linked financial information such as bank account(s) or credit card(s). Elite Collective is not responsible for managing and maintaining the security of your cryptocurrency wallet. Elite Collective has no responsibility or liability to you for any unauthorized access to or use of your cryptocurrency wallet or if you are unable to locate your credentials. If you notice any unauthorized or suspicious activity in your cryptocurrency wallet that seems to be related to the Services, please notify us immediately.

  1. Sale Of NFT Elite Collective Pass

When each NFT Elite Collective Pass is sold for the first time, the agreement for sale is between Elite Collective and the Initial Purchaser. If the Initial Purchaser decides to sell a NFT Elite Collective Pass (“Secondary Sale”), then Elite Collective is not a party to any agreement between the applicable buyer, seller, or facilitator of the Secondary Sale.

If you or any owner of a NFT Elite Collective Pass (“Collector”) sells or transfers a NFT Elite Collective Pass to another collector, (a) the you, as Collector, represents and warrants that you will notify the subsequent collector of these Terms and require the subsequent collector to comply with these Terms, (b) the Collector License (as defined below) as set forth herein will automatically transfer to such subsequent collector, and such other collector will be deemed the “Collector” (for purposes of such NFT Elite Collective Pass and the Collector License to the underlying NFT IP (as defined below)) and will be subject to these Terms, and (c) you, as the seller or transferor of such NFT Elite Collective Pass, will cease to have any further rights to such NFT Elite Collective Pass or underlying NFT IP.

By placing an order on the Site or through the Services (including by bidding in an auction), you agree that you are submitting a binding offer to purchase a NFT Elite Collective Pass, you agree to pay all applicable fees associated with the Transaction, and you authorize Elite Collective to automatically charge and collect such fees from your payment instrument or wallet. If you are an Initial Purchaser, then all amounts due are to be paid to Elite Collective. If you are not the Initial Purchaser of a NFT Elite Collective Pass, then amounts may be paid to the seller of such NFT Elite Collective Pass.

You acknowledge and agree that Elite Collective receives 7.5% of every Secondary Sale of a NFT Elite Collective Pass (“Royalty”). Elite Collective has the right to collect Royalties for Elite Collective sales in perpetuity. As such, if you sell a NFT Elite Collective Pass on a third-party marketplace, you agree to include a statement substantially similar to the following in the description of the NFT: “7.5% Royalty Applies. See NFT Elite Collective Pass Terms of Use for details.”

No refunds are permitted except with respect to any statutory warranties or guaranties that cannot be excluded or limited by law.

  1. Taxes

You are responsible for any and all sales, use, value-added and other taxes, duties, and assessments now or hereafter claimed or imposed by any governmental authority, associated with your use of the Services, Perks or NFT Elite Collective Passes (including, without limitation, any taxes that may become payable as the result of your ownership, transfer, purchase, or sale of a NFT Elite Collective Pass).

  1. Elite Collective Intellectual Property Rights

You acknowledge and agree that the Services may contain content or features (“Services Content”) that are protected by copyright, patent, trademark, trade secret, or other proprietary rights and laws. Except as expressly authorized by Elite Collective, you agree not to modify, copy, frame, scrape, rent, lease, loan, sell, distribute, or create derivative works based on the Services or the Services Content, in whole or in part. Any use of the Services or the Services Content other than as specifically authorized herein is strictly prohibited.

Elite Collective's name and logos are trademarks and service marks of Elite Collective (collectively the “Elite Collective Trademarks”). Other company, product, and service names and logos used and displayed via the Services may be trademarks or service marks of their respective owners who may or may not endorse or be affiliated with or connected to Elite Collective. Nothing in these Terms or the Services should be construed as granting, by implication, estoppel, or otherwise, any license or right to use any of Elite Collective Trademarks displayed on the Services, without Elite Collective's prior written permission in each instance. All goodwill generated from the use of Elite Collective Trademarks will inure to our exclusive benefit.

  1. Your Intellectual Property Rights

You acknowledge and agree that Elite Collective (or, as applicable, its licensors) owns all legal rights, title and interest in all intellectual property rights of the content underlying NFT Elite Collective Passes (“NFT IP”), including but not limited to copyrights and trademarks in the NFT IP. As the copyright owner, Elite Collective has the exclusive right to reproduce, prepare derivatives of, distribute, display, perform and otherwise exercise and exploit the NFT IP, subject to Collector Licenses.

Subject to continued compliance with these Terms, Elite Collective grants Collector a limited, worldwide, non-assignable and non-transferable (except as part of a Secondary Sale), non-sublicensable, royalty-free license to display the NFT IP solely for the Collector's non-commercial purposes (except as expressly permitted herein), including the right to display such NFT IP privately or publicly: (i) for the purpose of promoting or sharing the Collector's purchase of, ownership of, or interest in such NFT Elite Collective Pass, (ii) for the purpose of sharing, promoting, discussing, or commenting on such NFT Elite Collective Pass or NFT IP; (iii) on third party marketplaces, exchanges, platforms, or applications in association with a Transaction of the NFT Elite Collective Pass; and (iv) within decentralized virtual environments, virtual worlds, virtual galleries, virtual museums, or other navigable and perceivable virtual environments (the “Collector License”). While the Collector has the right to sell, trade, transfer, or use their NFT Elite Collective Pass, the Collector may not make commercial use of the NFT IP.

  1. No Investment Advice; Investment Risks

The information on this Site and any information provided in connection with the Services or Perks are provided to NFT Elite Collective Pass owners only and for information only and do not constitute, and should not be construed as, investment advice or a recommendation to buy, sell, or otherwise transact in any digital asset including any products or services or an invitation, offer or solicitation to engage in any investment activity with respect to any digital asset.

The information on this Site and any information provided in connection with the Services or Perks provided to NFT Elite Collective Pass owners are provided solely on the basis that you will make your own investment and trading decisions, and Elite Collective does not take account of any person's investment objectives, particular needs, or financial situation. In addition, nothing on this Site or any information provided in connection with the Services or Perks provided to NFT Elite Collective Pass owners shall, or is intended to, constitute financial, legal, accounting or tax advice. It is strongly recommended that you seek professional investment advice before making any investment decision. Any investment decision that you make should be based on an assessment of your risks in consultation with your investment adviser.

The digital assets about which information is provided on the Site and any information provided in connection with the Services or Perks provided to NFT Elite Collective Pass owners are not viewed by the issuer or sponsor of any such digital assets, or those buying or selling the digital asset, as securities under U.S. laws or relevant applicable laws. As a result it is unlikely that fulsome disclosures from the issuer or sponsor, or any executive officer associated with the digital asset or related protocol have been provided, and others may have better or more information than the information made available to you via the Site, any information provided in connection with the Services or Perks provided to NFT Elite Collective Pass owners or to which you may independently have access.

There are risks associated with purchasing and holding digital assets. Loss of the full amount of the purchase price is possible. Volatility is highly likely, and some of the protocols and platforms may fail entirely due to forking, flaws in the code, hacking or other malicious attacks.

THESE TERMS DO NOT REPRESENT A COMPLETE STATEMENT OF RISK FACTORS ASSOCIATED WITH THE DIGITAL ASSETS OR PRODUCTS THAT MAY BE VIEWED OR TRACKED ON THIS SITE OR THAT MAY BE FEATURED OR DISCUSSED IN CONNECTION WITH THE SERVICES OR PERKS FOR NFT ELITE COLLECTIVE PASS OWNERS. YOU SHOULD CONSIDER THESE RISK WARNINGS CAREFULLY AND TAKE APPROPRIATE ADVICE BEFORE TAKING ANY DECISION TO PURCHASE OR TRADE A DIGITAL ASSET.

  1. Restrictions

You agree that you will not, and will not permit any third party to, do or attempt to do any of the following without the Elite Collective's express prior written consent in each case:

  1. Risks

Please note the following risks in accessing, purchasing, selling or using NFT Elite Collective Passes: The price and liquidity of blockchain assets, including NFT Elite Collective Passes, are extremely volatile and may be subject to large fluctuations. Fluctuations in the price of other digital assets could materially and adversely affect NFT Elite Collective Passes, which may also be subject to significant price volatility. Legislative and regulatory changes or actions at the state, federal, or international level may adversely affect the use, transfer, exchange, and value of NFT Elite Collective Passes. NFT Elite Collective Passes are not legal tender and are not backed by any government. Transactions of NFT Elite Collective Passes may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. Some Transactions of NFT Elite Collective Passes shall be deemed to be made when recorded on a public ledger, which is not necessarily the date or time that you initiated the Transaction. The value of NFT Elite Collective Passes may be derived from the continued willingness of market participants to exchange fiat currency or digital assets for NFT Elite Collective Passes, which may result in the potential for permanent and total loss of value of a particular NFT Elite Collective Pass.

You agree and understand that you are solely responsible for determining the nature, potential value, suitability, and appropriateness of these risks for yourself, and that we do not give advice or recommendations regarding NFT Elite Collective Passes, including the suitability and appropriateness of, and investment strategies for, NFT Elite Collective Passes. You agree and understand that you access and use the Services, NFT Elite Collective Passes, NFT IP, and Perks at your own risk; however, this brief statement does not disclose all of the risks associated with NFT Elite Collective Passes and other digital assets. You agree and understand that Elite Collective will not be responsible for any communication failures, disruptions, errors, distortions or delays you may experience when using NFT Elite Collective Passes, however caused.

  1. Disclaimer And Warranties

YOUR USE OF THE SERVICES, NFT Elite Collective Passes, NFT IP AND PERKS IS AT YOUR SOLE RISK. EXCEPT AS EXPRESSLY PROVIDED TO THE CONTRARY IN A WRITING BY ELITE COLLECTIVE, THE SERVICES, PERKS, SERVICES CONTENT, AND ANY AND ALL NFT Elite Collective Passes AND NFT IP ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, EITHER EXPRESS OR IMPLIED.

ELITE COLLECTIVE AND ITS affiliates and their respective officers, employees, representatives, directors and agents (COLLECTIVELY, “REPRESENTATIVES”) MAKE NO WARRANTY THAT (I) THE SERVICES, NFT Elite Collective Passes, NFT IP OR PERKS WILL MEET YOUR REQUIREMENTS, (II) THE SERVICES, NFT Elite Collective Passes, NFT IP OR PERKS WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE, (III) THE RESULTS THAT MAY BE OBTAINED FROM THE USE OF THE SERVICES, NFT Elite Collective Passes, NFT IP OR PERKS WILL BE ACCURATE OR RELIABLE, OR (IV) THE QUALITY OF ANY SERVICES, NFT Elite Collective Passes, NFT IP OR PERKS, OR ANY PRODUCTS, PLATFORMS, INFORMATION, OR OTHER MATERIAL PURCHASED OR OBTAINED BY YOU THROUGH THE SERVICES, NFT Elite Collective Passes OR PERKS WILL MEET YOUR EXPECTATIONS.

ELITE COLLECTIVE AND ITS REPRESENTATIVES WILL NOT BE LIABLE FOR ANY LOSS OF ANY KIND FROM ANY ACTION TAKEN OR TAKEN IN RELIANCE ON MATERIAL OR INFORMATION, CONTAINED ON THE SERVICES, NFT ELITE COLLECTIVE PASSES, NFT IP OR PERKS. ELITE COLLECTIVE DOES NOT REPRESENT OR WARRANT THAT SERVICES CONTENT IS ACCURATE, COMPLETE, RELIABLE, CURRENT OR ERROR-FREE.

NFT Elite Collective Passes ARE INTANGIBLE DIGITAL ASSETS. THEY EXIST ONLY BY VIRTUE OF THE OWNERSHIP RECORD MAINTAINED IN THE ETHEREUM NETWORK. ANY TRANSFER OF TITLE THAT MIGHT OCCUR IN ANY UNIQUE DIGITAL ASSET OCCURS ON THE DECENTRALIZED LEDGER WITHIN THE ETHEREUM PLATFORM. WE DO NOT GUARANTEE THAT ELITE COLLECTIVE CAN EFFECT THE TRANSFER OF TITLE OR RIGHT IN ANY NFT ELITE COLLECTIVE PASS.

  1. LIMITATION OF LIABILITY

TO THE FULLEST EXTENT PERMITTED BY LAW, IN NO EVENT WILL ELITE COLLECTIVE OR ITS REPRESENTATIVES BE LIABLE TO YOU OR ANY THIRD PARTY FOR ANY LOST PROFIT OR ANY INDIRECT, CONSEQUENTIAL, EXEMPLARY, INCIDENTAL, SPECIAL OR PUNITIVE DAMAGES ARISING FROM THESE TERMS, THE SITE, THE SERVICES, SERVICES CONTENT, NFT Elite Collective Passes, NFT IP, PERKS OR THIRD PARTY SITES AND PRODUCTS, OR FOR ANY DAMAGES RELATED TO LOSS OF REVENUE, LOSS OF PROFITS, LOSS OF BUSINESS OR ANTICIPATED SAVINGS, LOSS OF USE, LOSS OF GOODWILL, OR LOSS OF DATA, WHETHER CAUSED BY TORT (INCLUDING NEGLIGENCE), BREACH OF CONTRACT, OR OTHERWISE, EVEN IF FORESEEABLE AND EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. ACCESS TO, AND USE OF, THE SITE, THE SERVICES, SERVICES CONTENT, NFT ELITE COLLECTIVE PASS, NFT IP, PERKS OR THIRD PARTY SITES AND PRODUCTS ARE AT YOUR OWN DISCRETION AND RISK, AND YOU WILL BE SOLELY RESPONSIBLE FOR ANY DAMAGE TO YOUR COMPUTER SYSTEM OR MOBILE DEVICE OR LOSS OF DATA RESULTING THEREFROM.

SOME JURISDICTIONS DO NOT ALLOW THE DISCLAIMER OR EXCLUSION OF CERTAIN WARRANTIES OR THE LIMITATION OR EXCLUSION OF LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES. ACCORDINGLY, SOME OF THE ABOVE LIMITATIONS SET FORTH ABOVE MAY NOT APPLY TO YOU OR BE ENFORCEABLE WITH RESPECT TO YOU. IF YOU ARE DISSATISFIED WITH ANY PORTION OF THE SERVICES, NFT Elite Collective Passes, NFT IP OR PERKS OR WITH THESE TERMS, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USE OF THE SERVICES.

  1. Indemnification

To the fullest extent permitted by applicable law, you agree to indemnify, defend and hold harmless Elite Collective and its Representatives (collectively, the “Indemnitees”), from and against all actual or alleged third party claims, damages, awards, judgments, losses, liabilities, obligations, penalties, interest, fees, expenses (including, without limitation, attorneys' fees and expenses) and costs (including, without limitation, court costs, costs of settlement and costs of pursuing indemnification and insurance), of every kind and nature whatsoever, whether known or unknown, foreseen or unforeseen, matured or unmatured, or suspected or unsuspected, in law or equity, whether in tort, contract or otherwise (collectively, “Claims”), including, but not limited to, damages to property or personal injury, that are caused by, arise out of or are related to (a) your use or misuse of the Site, the Services, Services Content, NFT Elite Collective Passes, NFT IP or Perks, (b) your violation of these Terms, or (c) your violation of the rights of a third party, including another User. You agree to promptly notify Elite Collective of any third party Claims and cooperate with the applicable Indemnitee in defending such Claims. You further agree that the Indemnitees shall have the right to control of the defence or settlement of any third party Claims. THIS INDEMNITY IS IN ADDITION TO, AND NOT IN LIEU OF, ANY OTHER INDEMNITIES SET FORTH IN A WRITTEN AGREEMENT BETWEEN YOU AND US.

  1. Disputes With Other Users Or Collectors

You agree that you are solely responsible for your interactions with any other Users and Collectors in connection with the Services, NFT Elite Collective Passes and Perks, and Elite Collective will have no liability or responsibility with respect thereto. Elite Collective reserves the right, but has no obligation, to become involved in any way with disputes between you and any other User or Collector.

  1. Assignability

You may not assign the Terms without the prior written consent of Elite Collective, but Elite Collective may assign or transfer these Terms, in whole or in part, without restriction.

  1. Miscellaneous

These Terms constitute the entire agreement between you and Elite Collective and govern your use of the Services, NFT Elite Collective Passes, NFT IP and Perks, superseding any prior agreements between you and Elite Collective with respect thereto. Except as otherwise provided herein, these Terms are intended solely for the benefit of the parties and are not intended to confer third party beneficiary rights upon any other person or entity. You also may be subject to additional terms and conditions that may apply when you use affiliate or third party services, third party content or third party software. The failure of Elite Collective to exercise or enforce any right or provision of these Terms will not constitute a waiver of such right or provision. You agree that regardless of any statute or law to the contrary, any claim or cause of action arising out of or related to use of the Services, any NFT Elite Collective Pass, any Perks or these Terms must be filed within one (1) year after such claim or cause of action arose or be forever barred. A printed version of this agreement and of any notice given in electronic form will be admissible in judicial or administrative proceedings based upon or relating to this agreement to the same extent and subject to the same conditions as other business documents and records originally generated and maintained in printed form. The section titles in these Terms are for convenience only and have no legal or contractual effect. Notices to you may be made via either email or regular mail. Elite Collective may also provide notices to you of changes to these Terms or other matters by displaying notices or links to notices generally on the Services.