Token Transfer Agreement
This Token Transfer Agreement (this "Agreement") is entered into this [[Effective Date]], by and among [[Transferor Name]] ("Transferor") and [[Transferee Name]] ("Transferee") in connection with Transferor's creation or distribution of certain blockchain token or other digital assets ("Tokens") as described in Section 2 herein.
NOW, THEREFORE, in consideration of the mutual agreements contained below, Transferor and Transferee hereby agree as follows:
1. Purchase, Sale, and Distribution of Tokens. Upon delivery by Transferee to Transferor of an amount in Ether (the "Purchase Price") equal to [[Purchase Price]] ETH, Transferor shall deliver to Transferee [[Total Purchased Tokens]] Tokens from the following smart contract address: [[Token Smart Contract]] to the Transferee's Ethereum address at [[Transferee Ethereum Address]]. The Transferor's shall use his or her Ethereum address at [[Transferor Ethereum Address]] to transfer the Tokens. The Purchase Price shall be delivered to Transferor at [[Transferor Ethereum Address]] from Transferee's Ethereum address at [[Transferee Ethereum Address]]. Transferee understands and agrees that its purchase of Tokens pursuant to this Agreement shall be subject to the terms and conditions set forth herein, the information contained in the White Paper, and any other the terms and conditions of agreements entered into between Transferor and Transferees of Tokens in connection therewith.
2. Token Framework and Distribution Description. The following information describes the functions and purpose of the Tokens.
Company/Individual who Minted Token(s) Name: [[Token Creator]]
Company/Individual who Minted Token(s) Address: [[Token Creator Address]]
Company/Individual Transferring Token(s) Name: [[Transferor Name]]
Company/Individual Transferring Token(s) Address: [[Transferor Address]]
Company/Individual Receiving Token(s) Name: [[Transferee Name]]
Company/Individual Receiving Token(s) Address: [[Transferee Address]]
Token Symbol: [[Token Symbol]]
Token Purpose: [[Token Purpose]]
Token Design: [[Token Design]]
Token Supply: [[Total Token Supply]]
Total Tokens being transferred: [[Total Purchased Tokens]]
Percent of Tokens: [[Percent Tokens]]%
Token Transfer Date: [[Token Transfer Date]]
Total Purchase Price (in ETH): [[Purchase Price]]
Can Transferee Transfer Token(s) issued to Transferee under this Agreement?:
Can Transferor Transfer Token(s) issued to Transferee under this Agreement?:
Can Company/Individual who Minted Token(s) Transfer Token(s) issued to Transferee under this Agreement?:
3. Representations and Warranties of Transferor. Transferor hereby represents and warrants to Transferee, as of the date hereof, as follows:
(a) Transferor Power and Authority. Transferor has all requisite power and authority to execute, issue and deliver this Agreement and sell the Tokens to Transferee, and to carry out and perform its obligations under this Agreement. The Agreement constitutes a legal, valid and binding obligation of Transferor enforceable against Transferor in accordance with its terms.
(b) No Conflict. The execution, delivery and performance of this Agreement will not result in (i) any violation of, be in conflict with in any material respect, or constitute a material default under, with or without the passage of time or the giving of notice (A) any provision of Transferor's Organizational Documents; (B) any provision of any judgment, decree or order to which Transferor is a party, by which it is bound, or to which any of its material assets are subject; (C) any material contract, obligation, or commitment to which Transferor is a party or by which it is bound; or (D) any Laws applicable to the Transferor, or (ii) the creation of any material lien, charge or encumbrance upon any material assets of the Transferor.
(c) No Consents or Approvals. The execution and delivery of and performance under this Agreement require no approval or other action from any Governmental Authority or Person other than Transferor.
(d) Intellectual Property. Transferor has good and valid tile to all owned Intellectual Property. Transferor does not infringe, dilute, misappropriate or otherwise violate the rights of any third party in respect of any Intellectual Property. None of Transferor's Intellectual Property is subject to any outstanding order, ruling, decree, judgment or stipulation by or with any court, tribunal, arbitrator or Governmental Authority.
4. Representations and Warranties of Transferee. Transferee hereby represents and warrants to Transferor, as of the date hereof, as follows:
(a) Transferee Status. Transferee is at least 18 years old and of sufficient legal age and sound mind to purchase Tokens. Transferee is not subject to any of the disqualifying events listed in Rule 506(d)(1) of Regulation D under the Securities Act of 1933 (a "Transferee Event"), and there is no proceeding or investigation pending or, to the knowledge of Transferee, threatened by any Governmental Authority, that would reasonably be expected to become the basis for a Transferee Event.
(b) No Claim, Loan or Ownership Interest. Transferee understands and agrees that the purchase of the Tokens (i) does not provide Transferee with any claim whatsoever with respect to Transferor and its assets; (ii) is not a loan to Transferor; and (iii) does not provide Transferee with any ownership interest whatsoever in Transferor.
(c) Transferee Status and Risk of Project. Transferee has sufficient knowledge and experience in business, financial and investment matters to be able to evaluate the risks and merits of its purchase of the Tokens and is able to bear the risks thereof. Transferee understands that the Project and creation and distribution of the Tokens involve risks, including, but not limited to, the risk that (i) the technology associated with the Project will not function as intended; (ii) the Project will fail to attract sufficient interest from key stakeholders; (iii) the Token Distribution Event will not occur; (iv) Transferor will fail to secure sufficient purchasers of Tokens to fund its operations; (v) the Tokens may decrease in value over time and/or lose all monetary value; and (vi) Transferor and/or the Project may be subject to investigation and punitive actions from Governmental Authorities.
5. Disclaimer and Limitations.
(a) No Consequential, Incidental or Punitive Damages. Notwithstanding anything to the contrary contained herein, Transferor shall not be liable to any Person, whether in contract, tort (including negligence), warranty or otherwise, for special, incidental, consequential, indirect, punitive or exemplary damages (including but not limited to lost data, lost profits or savings, loss of business or other economic loss) arising out of or related to this Agreement, whether or not Transferor has been advised or knew of the possibility of such damages, and regardless of the nature of the cause of action or theory asserted.
(b) Limitation of Liability. Transferor's liability for damages under this Agreement shall in all cases be limited to, and under no circumstances shall exceed, the Purchase Price.
6. Definitions. The terms defined in this Section 5, whenever used in this Agreement shall have the respective meanings indicated below:
(a) "Affiliate" with respect to any Person, any other Person directly or indirectly controlling, controlled by or under common control with such Person.
(b) "Transferee Event" shall have meaning set forth in Section 3(a).
(c) "Governmental Authority" shall mean any nation or government, any state or other political subdivision thereof, any entity exercising legislative, judicial or administrative functions of or pertaining to government, including, without limitation, any government authority, agency, department, board, commission or instrumentality, and any court, tribunal or arbitrator(s) of competent jurisdiction, and any self- regulatory organization.
(d) "Intellectual Property" shall include all of the following in any jurisdiction throughout the world: (i) all inventions (whether patentable or unpatentable and whether or not reduced to practice), including without limitation the Project technology, all improvements thereto, and all patents, patent applications, and patent disclosures, together with all reissuances, continuations, divisions, continuations in-part, revisions, and extensions; (ii) all trademarks, service marks, trade names, trade dress, logos, business and product names, corporate names, Internet domain names, slogans, other source identifiers, together with all translations, adaptations, derivations, and combinations thereof and including all goodwill associated therewith, and all applications, registrations and renewals in connection therewith; (iii) all copyrightable works, all copyrights and all applications, registrations and renewals in connection therewith, and all moral rights (and similar non-assignable rights) and all benefits of waivers of moral rights (and similar non-assignable rights) therein; (iv) all trade secrets and confidential, technical and business information (including but not limited to ideas, research and development, algorithms, compositions, processes, designs, drawings, formulae, trade secrets, know-how, industrial models, business methods, technical data and information, engineering and technical drawings, product specifications and confidential business information); (v) mask work and other semiconductor chip rights and all applications, registrations and renewals in connection therewith; (vi) software; (vii) all other intellectual property and proprietary rights; and (viii) copies and tangible embodiments thereof (in whatever form or medium, including electronic media).
(e) "Laws" shall mean laws, statutes, ordinances, rules, regulations, judgments, injunctions, orders and decrees.
(f) "Organizational Documents" shall mean the articles of incorporation, certificate of incorporation, charter, by-laws, articles of formation, certificate of formation, regulations, operating agreement, certificate of limited partnership, partnership agreement and all other similar documents, instruments or certificates executed, adopted or filed in connection with the creation, formation or organization of a Person, including any amendments thereto.
(g) "Person" shall mean an individual or legal entity or person, including a government or political subdivision or an agency or instrumentality thereof.
(h) "Purchase Price" shall have the meaning set forth in Section 1(b).
(i) "Token Distribution Date" shall mean the date of the Token Distribution Event.
(j) "Token Distribution Event" shall mean the offering of Tokens by Transferor or its Affiliates to the general public.
(k) "White Paper" shall mean one or more documents explaining the Project and the characteristics and risks of the Tokens, including Token pricing and other relevant information regarding the Token Distribution Event.
7. Miscellaneous.
(a) Governing Law. This Agreement shall be governed in all respects, including as to validity, interpretation and effect, by the laws of the [[Governing Law]], without giving effect to its principles or rules of conflict of laws, to the extent such principles or rules are not mandatorily applicable by statute and would permit or require the application of the laws of another jurisdiction.
(b) Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties, and their respective heirs, successors and permitted assigns. This Agreement shall not be assignable or otherwise transferable without the prior written consent of the other party, provided that Transferor may assign or transfer this Agreement to an Affiliate.
(c) Entire Agreement. This Agreement constitutes the entire agreement between the parties and supersedes all prior or contemporaneous agreements and understandings, both written and oral, between the parties with respect to the subject matter hereof.
(d) Severability. If any provision of this Agreement is determined by a court of competent jurisdiction to be invalid, inoperative or unenforceable for any reason, the parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in an acceptable manner in order that the transactions contemplated hereby be consumed as originally contemplated to the fullest extent possible.
(e) Counterparts. This Agreement may be executed in several counterparts, each of which shall be deemed an original and all of which shall together constitute one and the same instrument.
(f) No Partnership and No Agency. Nothing in this Agreement and no action taken by the parties pursuant to this Agreement shall constitute, or be deemed to constitute, a partnership, association, joint venture or other co-operative entity between any of the parties. Nothing in this Agreement and no action taken by the parties pursuant to this Agreement shall constitute, or be deemed to constitute, either party the agent of the other party for any purpose. No party has, pursuant to this Agreement, any authority or power to bind or to contract in the name of the other party.
(g) Publications and Notifications, Fees and Expenses. The parties shall agree to any press release or publication that jointly involves the names, brands or officers of both parties. Written correspondence and notifications between the parties, whether as a result of a dispute or otherwise intended to be official correspondence, may be email or common forms of social media (Skype, Slack, WhatsApp). Each party shall be solely liable for all its own fees, costs and otherwise in connection with negotiation and execution of this Agreement and any future dealings between the parties and/or future publications regarding the parties.
(h) Confidentiality. This Agreement shall remain confidential between the parties in perpetuity, except to the extent required to be disclosed pursuant to applicable Laws.
IN WITNESS WHEREOF, the parties have duly executed this Agreement as of the date first above written.
[[Transferor Name]]
{{signature of Transferor Signatory Email}}
_______________________
[[Transferor Address]]
[[Transferee Name]]
{{signature of Transferee Signatory Email}}
_______________________
[[Transferee Address]]