Original Racer NFT License

Most recent revisions: 2/16/2022

Make all payments as ETH on Ethereum or WETH on Polygon to address 0x38E24c8edfb058ed1dB19569f7E7FBAfbd3ea689

You MAY:

• Create merchandise using your Original Racer NFT to have or sell, with no fees up to $1,000,000 of yearly revenue.

  • Above that amount, pay licensing fees of 5% of revenue

• Use your Original Racer NFT as an asset in a commercial game or digital experience, with no fees up to $1,000,000 of yearly revenue.

  • Above that amount, pay licensing fees of 5% of revenue

• Fractionalize ownership of your Original Racer NFT.  No fees.

• Use your Original Racer NFT asset in other Metaverses.  No fees.

• Make a derivative NFT collection, given below:

  • Licensing fees of 5% of all initial sales revenue (any amount).
  • Initial sales revenue should be paid at the following milestones:
    • 25% of collection sold.
    • 50% of collection sold.
    • 75% of collection sold.
    • 100% of collection sold.
  • 5% of total ongoing royalties
    • Ongoing royalties should be paid once per month.

Example cases - OKAY GIVEN ABOVE:

• Use in a TV show

• Use in a Video Game

• Create a novel where your Original Racer is a character

• Tradable card game with your Original Racers as characters

• T-shirts, sweatpants, other physical merchandise

• 3D printed figures of your NFT

• NFT collection