Terms of Sale
Last Modified: March 1, 2022
MotorDAO, Inc. (“We” or “MotorDAO” ) exists to establish and operate a motorsports club. MotorDAO plans to utilize cryptographically secure blockchain organization management tools to automate and improve transparency around certain aspects of organizational governance of the club’s business, commonly known as a “decentralized autonomous organization” or a “DAO.”
We are offering for sale two types of digital collectibles (each a “Membership NFT”) on or about March 1st, 2022: a “founder membership” NFT (“Founder NFT”) and other future Membership NFT. The purchase of each NFT is a transaction in goods and not a promise to provide, or a guarantee of receipt of, future services from MotorDAO, although MotorDAO will make reasonable efforts to ensure that a DAO comes into existence which allows you to unlock expanded functionality associated with the Membership NFTs. Right to ownership in the motorsports assets will be subject to acquisition terms, the terms of which will be determined if and when the acquisition is made in coordination with the DAO.
You understand and agree that the sale of Membership NFTs grants you no rights and carries with it no guarantee of future performance of any kind by MotorDAO, Inc. You are not entitled, as a holder of any Membership NFT, to vote or receive dividends or profits or be deemed the holder of shares of Super Platform Inc. or any other person by virtue of your ownership of a Membership NFT, nor will anything contained herein be construed to construe on you any of the rights of a shareholder, partner, joint venturer, etc. or any right to vote for the election of directors or upon any matter submitted to shareholders at any meeting thereof, or to give or withhold consent to any corporate action or to receive notice of meetings, or to receive subscription rights to purchase such shares of Super Platform Inc. Super Platform Inc. may in future offer holders of Membership NFTs the opportunity to participate in massively open online governance via DAO. You agree that the functionality of any DAO established by MotorDAO will be determined by MotorDAO in its sole and absolute discretion.
You understand that the development of MotorDAO’s business is a significantly risky venture and you acknowledge and assume the risk that MotorDAO may not be able to complete, substantially or in part, the acquisition of a motorsports team, driver contracts, or any other aspect of its operations and furthermore that a significant proportion of the funds generated by the Membership NFT drop are expected to be retained by MotorDAO, Inc. for any lawful business purpose. Your purchase of an NFT could lead to the complete loss of your money, and no payments will be returned. Membership NFTs will be created and delivered to any purchaser at the sole risk of the purchaser and on an “as-is” basis. Purchaser has not relied on any representations or warranties made by Super Platform Inc. or any other person outside of the context of these Terms of Sale, including but not limited to conversations of any kind, including but not limited to whether such statements are made through oral or electronic communication, or any White Paper, social media post or website.
The sale of the Membership NFT is governed by, and these Terms of Sale will be construed in accordance with, New York law, without regard to conflict of laws principles. All disputes with MotorDAO by you or your successors or assigns directly or indirectly arising under or in relation to these Terms of Sale or the NFTS shall be brought and resolved solely and exclusively in final and binding arbitration in the State of New York, in New York City, n under the Rules of Arbitration of the American Arbitration Association.
CLASS ACTION WAIVER: TO THE EXTENT PERMISSIBLE BY LAW, ALL CLAIMS MUST BE BROUGHT IN A PARTY’S INDIVIDUAL CAPACITY, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS, COLLECTIVE ACTION, OR REPRESENTATIVE PROCEEDING. THE ARBITRATOR MAY NOT CONSOLIDATE MORE THAN ONE PERSON'S CLAIMS OR ENGAGE IN ANY CLASS ARBITRATION. YOU ACKNOWLEDGE THAT, BY AGREEING TO THESE TERMS, YOU AND LINSKSDAO ARE EACH WAIVING THE RIGHT TO A TRIAL BY A JUDGE OR A JURY IN A PUBLIC FORUM AND THE RIGHT TO PARTICIPATE IN A CLASS ACTION.
Without prejudice to any other provision of these Terms of Sale, you acknowledge and agree that, except in the case of MotorDAO’s fraud or wilful default, and except as otherwise required by any non-waivable provision of applicable law, Super Platform Inc. shall not be liable in any manner whatsoever to you or any other person for losses or damages of any kind, whether arising in contract, tort, or otherwise, arising from the sale of Membership NFTs to any person.
All purchases of any Membership NFT are final and nonrefundable.
If you have any questions please contact Super Platform Inc. at [email protected]