i. You Own the NFT. Each F-0x is an NFT on the Ethereum blockchain. When you purchase an NFT, you own the underlying F-0x, the Art, 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 F-0x.

ii. Personal Use. Subject to your continued compliance with these Terms, Y3K grants you a worldwide, royalty-free license to use, copy, and display the purchased Art, along with any extensions that you choose to create or use, solely forthe following purposes: (i) for your own personal, non-commercial use; (ii) as part of a marketplace that permits the purchase and sale of your F-0x / NFT, provided that the marketplace cryptographically verifies each F-0x owner’s rights to display the Art for their F-0x to ensure that only the actual owner can display the Art; or (iii) as part of a third party website or application that permits the inclusion, involvement, or participation of your F-0x, provided that the website/application cryptographically verifies each F-0x owner’s rights to display the Art for their F-0x to ensure that only the actual owner can display the Art, and provided that the Art is no longer visible once the owner ofthe F-0x leaves the website/application.

iii. Commercial Use. Subject to your continued compliance with these Terms, Y3K grants you an unlimited, worldwide license to use, copy, and display the purchased Art for the purpose of creating derivative works based upon the Art (“Commercial Use”). Examples of such Commercial Use would e.g. be the use of the Art to produce and sell merchandise products (T-Shirts etc.) displaying copies of the Art. For the sake of clarity, nothing in this Section will be deemed to restrict you from (i) owning or operating a marketplace that permits the use and sale of F-0xs generally, provided that the marketplace cryptographically verifies eachF-0x owner’s rights to display the Art for their F-0x to ensure that only the actual owner can display the Art; (ii) owning or operating a third party website or application that permits the inclusion, involvement, or participation of F-0xs generally, provided that the third party website or application cryptographically verifies each F-0x owner’s rights to display the Art for theirF-0x to ensure that only the actual owner can display the Art, and provided that the Art is no longer visible once the owner of the Purchased F-0x leaves the website/application; or (iii) earning revenue from any of the foregoing.