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Last Updated: April 12, 2023

Please read these Terms of Service (these "Terms") and our Privacy Policy (https://cupcake.com/privacypolicy) ("Privacy Policy") carefully because they govern your use of the website located at [www.cupcake.com]{.underline} (the "Site") and the platform, marketplace and services accessible via the Site offered by Cupcake Studios Inc. ("Cupcake Studios"). To make these Terms easier to read, the Site and our services are collectively called the "Services."

IMPORTANT NOTICE REGARDING ARBITRATION: WHEN YOU AGREE TO THESE TERMS YOU ARE AGREEING (WITH LIMITED EXCEPTION) TO RESOLVE ANY DISPUTE BETWEEN YOU AND CUPCAKE STUDIOS THROUGH BINDING, INDIVIDUAL ARBITRATION RATHER THAN IN COURT. PLEASE REVIEW CAREFULLY SECTION ‎17 "DISPUTE RESOLUTION" BELOW FOR DETAILS REGARDING ARBITRATION. HOWEVER, IF YOU ARE A RESIDENT OF A JURISDICTION WHERE APPLICABLE LAW PROHIBITS ARBITRATION OF DISPUTES, THE AGREEMENT TO ARBITRATE IN SECTION ‎17 WILL NOT APPLY TO YOU BUT THE PROVISIONS OF SECTION ‎16 (GOVERNING LAW) WILL APPLY INSTEAD.

Agreement to Terms. By using our Services, you agree to be bound by these Terms. If you don't agree to be bound by these Terms, you are not authorized to use the Services.

Privacy Policy. Please review our Privacy Policy, which also governs your use of the Services, for information on how we collect, use and share your information.

Changes to these Terms or the Services. We may update these Terms from time to time in our sole discretion. If we do, we'll let you know by posting the updated Terms on the Site and/or may also send other communications. It's important that you review these Terms whenever we update them or you use the Services. If you continue to use the Services after we have posted updated Terms, it means that you accept and agree to the changes. If you don't agree to be bound by the changes, you may not use the Services anymore. Because our Services are evolving over time, we may change or discontinue all or any part of the Services, at any time and without notice, at our sole discretion.

Who May Use the Services?

Eligibility. You may use the Services only if you are 18 years or older and capable of forming a binding contract with Cupcake Studios, and not otherwise barred from using the Services under applicable law.

Compliance. The Services are only available to users in certain jurisdictions who can use the Services as permitted under applicable law. You certify that you will comply with all applicable laws (e.g., local, state, federal and other laws) when using the Services. Without limiting the foregoing, by using the Services, you represent and warrant that: (i) you are not located in a country that is subject to a U.S. Government embargo; and (ii) you are not listed on any U.S. Government list of prohibited, sanctioned, or restricted parties. If you access or use the Services outside the United States, you are solely responsible for ensuring that your access and use of the Services in such country, territory or jurisdiction does not violate any applicable laws. You must not use any software or networking techniques, including use of a Virtual Private Network (VPN) to modify your internet protocol address or otherwise circumvent or attempt to circumvent this prohibition. We reserve the right, but have no obligation, to monitor where our Services are accessed from. Furthermore, we reserve the right, at any time, in our sole discretion, to block access to the Services, in whole or in part, from any geographic location, IP addresses and unique device identifiers or to any user who we believe is in breach of these Terms.

About the Services. Our Services facilitate interaction with certain decentralized cryptographic protocols, which we do not own or control (each, a "Protocol") to (i) claim non-fungible tokens ("NFTs") created and deployed (a/k/a "minted") by us or by third parties by scanning or otherwise interacting with Cupcake tags (known as "sprinkles") associated with physical goods, events or experiences sold or promoted by such third parties (each such third party, a "Seller"); (ii) create and deploy your own NFTs; and (iii) support the sale, purchase, trade and distribution of NFTs on the decentralized blockchains on which the NFTs are recorded (each, a "Blockchain") via certain third-party NFT marketplaces or through the Site directly. We also facilitate the creation of a digital wallet ("Cupcake Wallet") that enables you to self-custody and manage supported digital assets and interact with third-party services and supported Protocols and Blockchains.

Claiming NFTs. To use the Services to claim an NFT through interaction with a Cupcake tag, you will need to create a Cupcake Wallet. Please refer to [Section 5(d)]{.underline} below for more information about the Cupcake Wallet. Although the terms of sale for any such NFT may be displayed on the Services, all such terms (including use of any digital art or other content associated with it, the benefits associated with it and the price to be paid for it, if any) are determined by the Seller, and Cupcake Studios is not a party to such terms, which are solely between you and the Seller. Cupcake Studios is not responsible for ensuring compliance with such terms or mediating or resolving any disputes arising out of the terms or the purchase or use of these NFTs.

NFT Creation. If you are using the Services to create and deploy your own NFTs, you are a "Creator" and agree to the following additional terms:

[Fees]{.underline}. You agree to pay all applicable fees, including Gas Fees (as defined below), for the creation of each NFT, and you authorize Cupcake Studios to automatically charge or deduct such fees to/from your Cupcake Wallet. "Gas Fees" mean the fees that fund the network of computers that run the relevant Blockchain network, meaning that you will need to pay a Gas Fee for each transaction that occurs via such Blockchain network.

[NFT Content]{.underline}. As between Cupcake Studios and you, you shall continue to exclusively own all right, title and interest in and to the digital art embodied in the NFTs you create and any name, likeness, image, signature, voice and other identifiable characteristics included in the digital art embodied in the NFTs, creative assets you provide to Cupcake Studios, and your name, logos and trademarks, and all intellectual property rights in the foregoing (collectively, the "NFT Content", and any NFT Content created by Cupcake, "Cupcake NFT Content"). Notwithstanding the foregoing, you grant to Cupcake Studios a perpetual, irrevocable, worldwide, non-exclusive, royalty-free, fully paid-up, license, with the right to sublicense through multiple tiers, to use NFT Content for the purpose of performing Cupcake Studios' obligations under these Terms, including hosting the NFT Content and facilitating the listing and sale of the NFTs through the Marketplace Services (as defined below), and marketing or promoting the Services.

[Creator Obligations]{.underline}. You shall obtain all rights to the NFT Content and comply with all applicable obligations in connection with the use thereof by Cupcake Studios as contemplated in these Terms, and, if applicable, the awarding and administration of the utility offered in connection with your NFT(s), including, but not limited to: (i) clearing and obtaining any rights in connection with the NFT Content, including any music performance rights and payment of royalties to any performing rights organizations; (ii) acquiring any services or materials needed in connection with the NFTs and utility offered to purchasers of the NFTs; and (iii) the costs and compliance for the utility.

[Warranties]{.underline}. You represent and warrant that (A) you have the full right, power and authority to grant the rights granted or agreed to be granted hereunder, including, but not limited to, fully cleared permissions, consents, rights and licenses to the NFT Content in these Terms; (B) the NFT Content, your NFTs, and the listing and sale of your NFTs as contemplated by these Terms, complies with all, and do not and will not violate any applicable law, statute, rule, or regulation, will perform in accordance with the intended specifications and without material error, and will be delivered free and clear of any claims, liens or rights of third parties; (C) the NFT Content and Cupcake Studios' use thereof in accordance with these Terms does not and will not infringe any intellectual property rights of any third party or any right of privacy or publicity, or contain any libelous, defamatory, obscene or unlawful material, or otherwise violate or infringe any other right of any third party; (D) you will fulfill your obligations under any terms with a purchaser of your NFTs, as applicable; (E) any advertising or promotion of your NFTs by you or on your behalf will not constitute false, deceptive or unfair advertising or disparagement under any applicable laws and will not suggest a likely increase in value of the NFTs; and (F) you will not use the proceeds retained from sales of your NFTs, whether through the Services or any other platform for capital raising purposes.

Marketplace Services.

The Services integrate with third-party NFT marketplaces (such as Magic Eden and Hyperspace) to allow users to bid, purchase, trade, and sell NFTs directly from the Services' interface (the "Marketplace Services").

To use the Marketplace Services, you will need to create a Cupcake Wallet. Please refer to Section 5(d) below for more information about the Cupcake Wallet.

If you are using the Marketplace Services to claim, bid on or purchase NFTs, you are a "Purchaser," and if you are using the Marketplace Services to sell NFTs, you are a "Seller." If you are either a Purchaser or Seller, you agree to the following additional terms:

[Purchase Terms]{.underline}. NFTs offered, purchased or sold through the Marketplace Services are subject to terms directly between Purchasers and Sellers (e.g., with respect to the use of the NFT Content, or utility associated with a given NFT) ("Purchase Terms"). Cupcake Studios is not a party to any such Purchase Terms, which are solely between the Purchaser and the Seller. The Purchaser and Seller are entirely responsible for communicating, promulgating, agreeing to, and enforcing Purchase Terms. Seller must comply with and fulfill the Purchase Terms with respect to any NFTs that it sells. When you purchase an NFT through the Marketplace Services, you own all personal property rights to the electronic record that comprises the NFT (i.e., the right to sell or otherwise dispose of that NFT). Unless expressly specified in the Purchase Terms, such rights, however, do not include the ownership of the intellectual property rights in any digital art embodied in the NFTs, any name, likeness, image, signature, voice and other identifiable characteristics included in the NFT Content. Rather, unless specified otherwise in the Purchase Terms, you have a license to use the NFT Content solely for the following purposes: (1) for Purchaser's own personal, non-commercial use; (2) attempts to sell or otherwise dispose of the NFT consistent with the ownership of it; and (3) as part of a third party offering compatible with the purchased NFT in the normal course of the permitted end-use of such offering.

[Costs and Fees]{.underline}. Transactions that occur through the Marketplace Services may be subject to fees that Cupcake Studios, and/or applicable third-party NFT marketplaces, collect as posted on the Site or otherwise set forth in these Terms or such third-party NFT marketplace terms, and you agree to pay all such fees, including Gas Fees and hosting fees, and you authorize Cupcake Studios and/or third-party NFT marketplaces to automatically charge you for any such fees or deduct such fees directly from amounts paid by the Purchaser.

CUPCAKE STUDIOS IS NOT A BROKER, FINANCIAL INSTITUTION, OR CREDITOR. IN PROVIDING THE MARKETPLACE SERVICES, CUPCAKE STUDIOS ACTS AS A TECHNOLOGY PLATFORM ONLY. CUPCAKE STUDIOS FACILITATES TRANSACTIONS BETWEEN THE PURCHASER AND SELLER OF NFTS ON THE SUPPORTED THIRD-PARTY MARKETPLACES BUT IS NOT A PARTY TO ANY AGREEMENT BETWEEN THE PURCHASER AND SELLER OF NFTS OR BETWEEN ANY USERS AND THE THIRD-PARTY MARKETPLACES.

YOU BEAR FULL RESPONSIBILITY FOR VERIFYING THE IDENTITY, LEGITIMACY, AND AUTHENTICITY OF ASSETS YOU CLAIM OR PURCHASE THROUGH THE MARKETPLACE SERVICES. NOTWITHSTANDING INDICATORS AND MESSAGES THAT SUGGEST VERIFICATION, CUPCAKE STUDIOS MAKES NO CLAIMS ABOUT THE IDENTITY, LEGITIMACY, OR AUTHENTICITY OF ANY ASSETS VIA THE MARKETPLACE SERVICES.

Cupcake Wallet.

[Functionality]{.underline}. The Cupcake Wallet enables you to interact with the Solana Blockchain and/or other supported Blockchains and networks associated with the NFTs and other digital assets that the Services may, in our sole discretion, elect to support (together, "Supported Digital Assets"). Through such interaction, you will be able to: (A) create Supported Digital Asset account(s) in the Cupcake Wallet to facilitate transactions; and (B) monitor, maintain, and transact with the associated Supported Digital Assets.

[Cupcake Wallet Password and Security]{.underline}. When setting up your Cupcake Wallet, you will be responsible for securing your own access credentials, which may include one-time passcodes associated with your phone number, a "wallet password," twelve-word seed phrase, "private key," and/or other private access information ("Wallet Password"). You understand and agree that Cupcake Studios cannot, and will not, restore or recover your Wallet Password and you agree to keep your Wallet Password sale and confidential and immediately notify Cupcake Studios of any unauthorized use of your Cupcake Wallet or other breach of security associated with your Cupcake Wallet. You further acknowledge and agree that Cupcake Studios will not be liable for any loss or damage arising from your failure to comply with this section.

Taxes. You are solely responsible for all costs incurred by you in using the Services and determining, collecting, reporting and paying all applicable Taxes. As used herein, "Taxes" means the taxes, duties, levies, tariffs, and other governmental charges that you may be required by law to collect and remit to governmental agencies, and other similar municipal, state, federal and national indirect or other withholding and personal or corporate income taxes. You are solely responsible for maintaining all relevant Tax records and complying with any reporting requirements you may have as related to our Services. You are further solely responsible for independently maintaining the accuracy of any record submitted to any tax authority including any information derived from the Services. We reserve the right to report any activity occurring using the Services to relevant tax authorities as required under applicable law.

Transactions Are Conducted on the Blockchain. Except as set forth in Section 5(h), we do not buy, sell or take custody or possession of any NFTs or other Supported Digital Assets, nor do we act as an agent or custodian for any user of the Services. You acknowledge that Cupcake Studios does not take control or custody of any NFT or other Supported Digital Asset at any time, except as set forth in Section 5(h). Further, if you elect to claim, buy, sell or trade any NFTs, any transactions that you engage in will be conducted solely through the relevant Blockchain network governing such NFT. You will be required to make or receive payments exclusively through the Cupcake Wallet. We will have no insight into or control over these payments or transactions, nor do we have the ability to reverse any transactions. Accordingly, we will have no liability to you or to any third party for any claims or damages that may arise as a result of any transactions that you engage in via the Services. There may be royalties associated with the secondary sale of any NFT. You acknowledge and agree that the payment of any such royalty shall, in certain circumstances, be programmed to be self-executing via a Blockchain network's nonfungible token standard and Cupcake Studios does not have any control or ability to direct such funds or the obligation to collect such fees.

Suspension or Termination. We may suspend or terminate your access to the Services at any time in connection with any transaction as required by applicable law, any governmental authority, or if we in our sole and reasonable discretion determine you are violating these Terms or the terms of any third-party service provider. Such suspension or termination shall not constitute a breach of these Terms by Cupcake Studios. In accordance with its anti-money laundering, anti-terrorism, anti-fraud, and other compliance policies and practices, we may impose reasonable limitations and controls on the ability of you or any beneficiary to utilize the Services. Such limitations may include where good cause exists, rejecting transaction requests, freezing funds, or otherwise restricting you from using the Services.

a. Cupcake NFTs.

i.  From time to time, Cupcake Studios may sell or allow you to
    claim its own NFTs or bitcoin ordinals (a "**Cupcake NFT**"),
    including by scanning or otherwise interacting with Cupcake tags
    associated with merchandise, events or experiences sold or
    promoted by Cupcake Studios. Each Cupcake NFT is associated with
    a piece of digital art or content ("**Cupcake NFT Content**").
    When a Cupcake NFT is sold or claimed for the first time, the
    agreement for sale is between Cupcake Studios and the initial
    purchaser. All Cupcake NFTs are stored on and accessible through
    a blockchain network such as Solana, Ethereum or Bitcoin. As
    such, Cupcake Studios does not maintain the Cupcake NFTs on this
    Site and, aside from transferring Ownership of the Cupcake NFT
    to the initial purchaser or claimant of the Cupcake NFT, Cupcake
    Studios has no control over the transfer, storage, ownership or
    maintenance of the Cupcake NFT. "**Own**" or "**Ownership**"
    means, with respect to an NFT, (1) controlling, or unilaterally
    being able to control, exclusively and lawfully the private key
    associated with the public blockchain address holding the NFT,
    unless such control is subject to a contract contemplated in
    clause (2); or (2) lawfully and by way of an enforceable
    contract exclusively having the right to transfer, or direct the
    transfer of, the NFT to a public blockchain address associated
    with a private key that is exclusively and lawfully controlled.

ii. Each Purchaser of a Cupcake NFT ("**Purchaser**") is granted
    (solely during Purchaser's Ownership of such Cupcake NFT) an
    irrevocable, worldwide, fully paid up, non-exclusive,
    non-assignable license to publish, publicly display, publicly
    perform, reproduce, copy, modify, create derivative works of,
    and otherwise use and exploit the Cupcake NFT Content associated
    with Purchaser's Cupcake NFT Content for Purchaser's commercial
    and non-commercial purposes, in any and all media, whether
    existing now or invented later (the "**Cupcake Content
    License**"). The rights granted herein are sublicensable by
    Purchaser so long as such license include terms and conditions
    no less restrictive than those set forth in these Terms.

iii. Purchaser further agrees that it is not receiving any copyright
     interest in the Cupcake NFT Content other than the license set
     forth in subsection (ii) above, and indeed, Purchaser agrees
     that Cupcake Studios may sell, license, modify, display,
     broadcast and create derivative works based upon the Cupcake
     NFT Content associated with Purchaser's Cupcake NFT. All rights
     not expressly granted herein are reserved by Cupcake Studios.

iv. Purchaser may sell, transfer, assign, trade, donate, give away
    or otherwise dispose of all (and not less than all) of your
    right, title and interest in and to your Cupcake NFT
    ("**Transfer**"). Upon a Transfer:

    1.  all of Purchaser's right, title and interest in and to your
        Cupcake NFT and the license granted to Purchaser under
        subsection (ii) above will immediately and automatically be
        transferred to the recipient of such Cupcake NFT, and such
        recipient will be bound by and subject to the then-current
        version of these Terms;

    2.  any rights you have in the Cupcake NFT Content will
        immediately and automatically terminate and be revoked; and

    3.  you will have no further right, title or interest in and to
        such Cupcake NFT Content.

v.  You acknowledge and agree that an amount up to 10% of the gross
    amount (excluding any fees and taxes) of each Transfer of a
    Cupcake NFT will be paid to Cupcake Studios as a royalty.

Third-Party Services; Links to Third Party Websites or Resources.

Third-Party Services.

The Services may enable you to access services provided by third-parties (for example, services for purchasing certain cryptocurrencies and funding your Cupcake Wallet provided by Ramp, or the swap functionality provided by Jupiter and the relevant decentralized exchanges). You may also be able to link or connect your Cupcake Wallet with third-party platforms or marketplaces. You are solely responsible for reviewing, and agreeing and complying with, the terms, conditions and policies applicable to all such third-party services, platforms or marketplaces.

You may incur a fee for use of, or access to, third party software and services ("Additional Services") including through our construction of transactions that you execute through the Services. You acknowledge that we may receive fees in connection with your use of, or access to, Additional Services ("Integration Fees"). You further acknowledge that we may be paid such Integration Fees by the providers of the Additional Services or directly from you, and that transactions we construct for you to execute through the Services may include the payment of fees to us.

Links to Third Party Websites or Resources. The Services may allow you to access third-party websites or other resources. We provide access only as a convenience and are not responsible for the content, products or services on or available from those resources or links displayed on such websites. You acknowledge sole responsibility for and assume all risk arising from your use of any third-party resources.

Feedback. We appreciate feedback, comments, ideas, proposals and suggestions for improvements to the Services ("Feedback"). If you choose to submit Feedback, you agree that we are free to use it without any restriction or compensation to you.

Your Content.

Posting Content. Our Services may allow you to store or share content such as text (in posts or communications with others), files, documents, graphics, images, music, software, audio and video. Anything (other than Feedback) that you post or otherwise make available through the Services is referred to as "User Content." User Content includes the NFT Content. Cupcake Studios does not claim any ownership rights in any User Content and nothing in these Terms will be deemed to restrict any rights that you may have to your User Content.

Permissions to Your User Content. By making any User Content available through the Services, you hereby grant to Cupcake Studios a non-exclusive, transferable, worldwide, royalty-free license, with the right to sublicense, to use, copy, modify, create derivative works based upon, distribute, publicly display, and publicly perform your User Content in connection with operating and providing the Services.

Your Responsibility for User Content. You are solely responsible for all your User Content. You represent and warrant that you have (and will have) all rights that are necessary to grant us the license rights in your User Content under these Terms. You represent and warrant that neither your User Content, nor your use and provision of your User Content to be made available through the Services, nor any use of your User Content by Cupcake Studios on or through the Services will infringe, misappropriate or violate a third party's intellectual property rights, or rights of publicity or privacy, or result in the violation of any applicable law or regulation.

Removal of User Content. You can remove certain of your User Content by specifically deleting it. You should know that in certain instances, some of your User Content (such as posts or comments you make, or your NFT Content) may not be completely removed and copies of your User Content may continue to exist on the Services or NFT. To the maximum extent permitted by law, we are not responsible or liable for the removal or deletion of (or the failure to remove or delete) any of your User Content.

Cupcake Studios' Intellectual Property. We may make available through the Services content that is subject to intellectual property rights. We retain all rights to that content.

Acceptable Use Policy and Cupcake Studios' Enforcement Rights. You agree not to do any of the following:

Post, upload, publish, submit or transmit any User Content that: (i) infringes, misappropriates or violates a third party's patent, copyright, trademark, trade secret, moral rights or other intellectual property rights, or rights of publicity or privacy; (ii) violates, or encourages any conduct that would violate, any applicable law or regulation or would give rise to civil liability; (iii) is fraudulent, false, misleading or deceptive; (iv) is defamatory, obscene, pornographic, vulgar or offensive; (v) promotes discrimination, bigotry, racism, hatred, harassment or harm against any individual or group; (vi) is violent or threatening or promotes violence or actions that are threatening to any person or entity; or (vii) promotes illegal or harmful activities or substances;

Use, display, mirror or frame the Services or any individual element within the Services, Cupcake Studios' name, any Cupcake Studios trademark, logo or other proprietary information, or the layout and design of any page or form contained on a page, without Cupcake Studios' express written consent;

Access, tamper with, or use non-public areas of the Services, Cupcake Studios' computer systems, or the technical delivery systems of Cupcake Studios' providers;

Attempt to probe, scan or test the vulnerability of any Cupcake Studios system or network or breach any security or authentication measures;

Avoid, bypass, remove, deactivate, impair, descramble or otherwise circumvent any technological measure implemented by Cupcake Studios or any of Cupcake Studios' providers or any other third party (including another user) to protect the Services;

Attempt to access or search the Services or download content from the Services using any engine, software, tool, agent, device or mechanism (including spiders, robots, crawlers, data mining tools or the like) other than the software and/or search agents provided by Cupcake Studios or other generally available third-party web browsers;

Send any unsolicited or unauthorized advertising, promotional materials, email, junk mail, spam, chain letters or other form of solicitation;

Use the Services, or any portion thereof, for any commercial purpose or for the benefit of any third party or in any manner not permitted by these Terms;

Forge any TCP/IP packet header or any part of the header information in any email or newsgroup posting, or in any way use the Services to send altered, deceptive or false source-identifying information;

Attempt to decipher, decompile, disassemble or reverse engineer any of the software used to provide the Services;

Interfere with, or attempt to interfere with, the access of any user, host or network, including, without limitation, sending a virus, overloading, flooding, spamming, or mail-bombing the Services;

Collect or store any personally identifiable information from the Services from other users of the Services without their express permission;

Impersonate or misrepresent your affiliation with any person or entity;

Create or list counterfeit items (including any NFTs);

Engage or assist in any activity that violates any law, statute, ordinance, regulation, or sanctions program, including but not limited to the U.S. Department of Treasury's Office of Foreign Assets Control ("OFAC"), or that involves proceeds of any unlawful activity (including but not limited to money laundering, terrorist financing or deliberately engaging in activities designed to adversely affect the performance of the Services);

Engage in wash trading or other deceptive or manipulative trading activities.

Use the Services to participate in fundraising for a business, protocol, or platform, including but not limited to creating, listing, or buying assets that are redeemable for financial instruments, assets that give owners the rights to participate in an ICO or any securities offering, or assets that entitle owners to financial rewards, including but not limited to, DeFi (or decentralized finance) yield bonuses, staking bonuses, and burn discounts;

Fabricate in any way any transaction or process related thereto;

Place misleading bids or offers;

Disguise or interfere in any way with the IP address of the computer you are using to access or use the Services or that otherwise prevents us from correctly identifying the IP address of the computer you are using to access the Services;

Transmit, exchange, or otherwise support the direct or indirect proceeds of criminal or fraudulent activity;

Violate any applicable law or regulation; or

Encourage or enable any other individual to do any of the foregoing.

Cupcake Studios is not obligated to monitor access to or use of the Services or to review or edit any content. However, we have the right to do so for the purpose of operating the Services, to ensure compliance with these Terms and to comply with applicable law or other legal requirements. We reserve the right, but are not obligated, to remove or disable access to any content, including User Content, at any time and without notice, including, but not limited to, if we, at our sole discretion, consider it objectionable or in violation of these Terms. We have the right to investigate violations of these Terms or conduct that affects the Services. We may also consult and cooperate with law enforcement authorities to prosecute users who violate the law. The sale of stolen assets, assets taken without authorization, and otherwise illegally obtained assets on the Service is prohibited. If you have reason to believe that an asset listed on the Service was illegally obtained, please contact us immediately. Listing illegally obtained assets may result in your listings being cancelled, your assets being hidden, or you being suspended from the Services.

Copyright Policy. Cupcake Studios respects copyright law and expects its users to do the same. It is Cupcake Studios' policy to terminate in appropriate circumstances users who repeatedly infringe or are believed to be repeatedly infringing the rights of copyright holders. Please see Cupcake Studios' Copyright Policy at https://cupcake.com/copyrightpolicy, for further information.

Termination. We may suspend or terminate your access to and use of the Services at our sole discretion, at any time and without notice to you. You may cancel your account at any time. You acknowledge and agree that we shall have no liability or obligation to you in such event and that you will not be entitled to a refund of any amounts that you have already paid to us or any third party, to the fullest extent permitted by applicable law. Upon any termination, discontinuation or cancellation of the Services, the following Sections will survive: 5(b)(i) and 5(c)(iii)(2) (only for payments due and owing to Cupcake Studios prior to the termination), 5(e), 7, 8(b), 8(c), 8(e), 10, ‎11, ‎12, ‎14, ‎15, ‎16, ‎17 and ‎18.

Warranty Disclaimers.

THE SERVICES, ANY CONTENT CONTAINED THEREIN, AND ANY NFTS (INCLUDING CUPCAKE NFTS) AND ANY ASSOCIATED NFT CONTENT (INCLUDING CUPCAKE NFT CONTENT) CREATED, CLAIMED, PURCHASED, SOLD OR TRADED VIA THE SERVICES ARE PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, EITHER EXPRESS OR IMPLIED. CUPCAKE STUDIOS (AND ITS SUPPLIERS) MAKE NO WARRANTY THAT THE SERVICES (INCLUDING ANY MATERIAL, INFORMATION OR CONTENT THEREIN): (I) WILL MEET YOUR REQUIREMENTS; (II) WILL BE AVAILABLE ON AN UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE BASIS; (III) WILL BE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS; OR (IV) WILL BE ACCURATE, RELIABLE, COMPLETE, LEGAL, OR SAFE. CUPCAKE STUDIOS DISCLAIMS ALL OTHER WARRANTIES OR CONDITIONS, EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, INCLUDING ANY IMPLIED WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, QUIET ENJOYMENT OR NON-INFRINGEMENT, TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, AS TO THE SERVICES, ANY MATERIAL, INFORMATION OR CONTENT CONTAINED THEREIN, AND ANY NFTS CREATED, CLAIMED, PURCHASED, SOLD OR TRADED VIA THE SERVICES.

WE FURTHER EXPRESSLY DISCLAIM ALL LIABILITY OR RESPONSIBILITY IN CONNECTION WITH THIRD PARTY SERVICES. NOTHING HEREIN NOR ANY USE OF OUR SERVICES IN CONNECTION WITH THIRD PARTY SERVICES CONSTITUTES OUR ENDORSEMENT, RECOMMENDATION OR ANY OTHER AFFILIATION OF OR WITH ANY THIRD PARTY SERVICES.

WE CANNOT GUARANTEE THE SECURITY OF ANY DATA THAT YOU DISCLOSE ONLINE. YOU ACCEPT THE INHERENT SECURITY RISKS OF PROVIDING INFORMATION AND DEALING ONLINE OVER THE INTERNET AND WILL NOT HOLD US RESPONSIBLE FOR ANY BREACH OF SECURITY.

CUPCAKE STUDIOS WILL NOT BE RESPONSIBLE OR LIABLE TO YOU FOR ANY LOSS AND TAKES NO RESPONSIBILITY FOR, AND WILL NOT BE LIABLE TO YOU FOR ANY LOSSES, DAMAGES OR CLAIMS ARISING FROM: (I) USER ERROR SUCH AS FORGOTTEN PASSWORDS, INCORRECTLY CONSTRUCTED TRANSACTIONS, OR MISTYPED WALLET ADDRESSES; (II) SERVER FAILURE OR DATA LOSS; (III) BLOCKCHAIN NETWORKS, CRYPTOCURRENCY WALLETS OR CORRUPT FILES; (IV) UNAUTHORIZED ACCESS TO SERVICES; OR (V) ANY THIRD PARTY ACTIVITIES, INCLUDING WITHOUT LIMITATION THE USE OF VIRUSES, PHISHING, BRUTEFORCING OR OTHER MEANS OF ATTACK.

NFTS ARE INTANGIBLE DIGITAL ASSETS. THEY EXIST ONLY BY VIRTUE OF THE OWNERSHIP RECORD MAINTAINED IN THE APPLICABLE BLOCKCHAIN NETWORK. ANY TRANSFER OF TITLE THAT MIGHT OCCUR IN ANY UNIQUE DIGITAL ASSET OCCURS ON THE DECENTRALIZED LEDGER WITHIN SUCH BLOCKCHAIN NETWORK. WE DO NOT GUARANTEE THAT WE CAN EFFECT THE TRANSFER OF TITLE OR RIGHT IN ANY NFTS OR OTHER DIGITAL ASSETS, OR THAT ANY ASSOCIATED PAYMENT WILL BE SUCCESSFUL.

THE SERVICES MAY NOT BE AVAILABLE DUE TO ANY NUMBER OF FACTORS INCLUDING, BUT NOT LIMITED TO, PERIODIC SYSTEM MAINTENANCE, SCHEDULED OR UNSCHEDULED, ACTS OF GOD, UNAUTHORIZED ACCESS, VIRUSES, DENIAL OF SERVICE OR OTHER ATTACKS, TECHNICAL FAILURE OF THE SERVICES AND/OR TELECOMMUNICATIONS INFRASTRUCTURE OR DISRUPTION, AND THEREFORE WE EXPRESSLY DISCLAIM ANY EXPRESS OR IMPLIED WARRANTY REGARDING THE USE AND/OR AVAILABILITY, ACCESSIBILITY, SECURITY OR PERFORMANCE OF THE SERVICES CAUSED BY SUCH FACTORS. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES AGAINST THE POSSIBILITY OF DELETION, MISDELIVERY OR FAILURE TO STORE COMMUNICATIONS, PERSONALIZED SETTINGS OR OTHER DATA.

SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES. ACCORDINGLY, SOME OF THE ABOVE DISCLAIMERS OF WARRANTIES MAY NOT APPLY TO YOU.

Assumption of Risk. You acknowledge, accept, and assume the following risks:

The prices and liquidity of cryptocurrency assets (including any NFTs and other Supported Digital Assets) are extremely volatile. Fluctuations in the price of other digital assets could materially and adversely affect the NFTs made available through the Services, which may also be subject to significant price volatility.

You are solely responsible for determining what, if any, Taxes and Gas Fees apply to your transactions through the Services. Cupcake Studios is not responsible for determining or paying the Taxes or Gas Fees that apply to such transactions.

NFTs and other Supported Digital Assets are digital assets recorded and transferable on the supporting Blockchain. Any transfer of digital assets occurs within the supporting Blockchain, which is not controlled in any capacity by Cupcake Studios. Transactions involving NFTs or other Supported Digital Assets may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. Some transactions involving NFTs or other Supported Digital Assets 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 regulatory regime governing blockchain technologies, cryptocurrencies, and tokens is uncertain, and new regulations or policies may materially adversely affect the development of the Services and the utility of NFTs and other Supported Digital Assets.

There are risks associated with using Internet-based digital asset, including but not limited to, the risk of hardware, software and Internet connections, the risk of malicious software introduction, and the risk that third parties may obtain unauthorized access to information stored within your wallet. Cupcake Studios will not be responsible for any communication failures, disruptions, errors, distortions or delays you may experience when effecting transactions involving NFTs and other Supported Digital Assets, however caused, including Gas Fees paid or payable in connection therewith.

Technical advances such as the development of quantum computers may present risks to cryptocurrencies and the Services, which could result in the theft or loss of your Supported Digital Assets.

By accessing and using the Services, you represent that you understand the inherent risks associated with using cryptographic and blockchain-based systems, and that you have a working knowledge of digital assets. Such systems may have vulnerabilities or other failures, or other abnormal behavior. Cupcake Studios is not responsible for any issues with the Blockchains, including forks, technical node issues or any other issues having fund losses as a result. You acknowledge that the cost and speed of transacting with cryptographic and blockchain-based systems such as Solana are variable and may increase at any time. You further acknowledge the risk that your digital assets may lose some or all of their value while they are supplied to or from the Services. You further acknowledge that we are not responsible for any of these variables or risks and cannot be held liable for any resulting losses that you experience while accessing Services. Accordingly, you understand and agree to assume full responsibility for all of the risks of accessing, using and interacting with the Services.

Indemnity. You will indemnify, defend (at Cupcake Studios' option) and hold Cupcake Studios and its officers, directors, employees and agents, harmless from and against any claims, disputes, demands, liabilities, damages, losses, and costs and expenses, including, without limitation, reasonable legal and accounting fees arising out of or in any way connected with (a) your access to or use of the Services, (b) your User Content, or (c) your violation of these Terms. You may not settle or otherwise compromise any claim subject to this Section without Cupcake Studios' prior written approval

Limitation of Liability.

TO THE MAXIMUM EXTENT PERMITTED BY LAW, NEITHER CUPCAKE STUDIOS NOR ITS SERVICE PROVIDERS INVOLVED IN CREATING, PRODUCING, OR DELIVERING THE SERVICES WILL BE LIABLE FOR ANY INCIDENTAL, SPECIAL, EXEMPLARY OR CONSEQUENTIAL DAMAGES, OR DAMAGES FOR LOST PROFITS, LOST REVENUES, LOST SAVINGS, LOST BUSINESS OPPORTUNITY, LOSS OF DATA OR GOODWILL, SERVICE INTERRUPTION, COMPUTER DAMAGE OR SYSTEM FAILURE OR THE COST OF SUBSTITUTE SERVICES OF ANY KIND ARISING OUT OF OR IN CONNECTION WITH THESE TERMS OR FROM THE USE OF OR INABILITY TO USE THE SERVICES, WHETHER BASED ON WARRANTY, CONTRACT, TORT (INCLUDING NEGLIGENCE), PRODUCT LIABILITY OR ANY OTHER LEGAL THEORY, AND WHETHER OR NOT CUPCAKE STUDIOS OR ITS SERVICE PROVIDERS HAVE BEEN INFORMED OF THE POSSIBILITY OF SUCH DAMAGE, EVEN IF A LIMITED REMEDY SET FORTH HEREIN IS FOUND TO HAVE FAILED OF ITS ESSENTIAL PURPOSE. SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, SO THE ABOVE LIMITATION MAY NOT APPLY TO YOU.

TO THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT WILL THE AGGREGATE TOTAL LIABILITY OF CUPCAKE STUDIOS AND ITS AGENTS, REPRESENTATIVES, AND AFFILIATES ARISING OUT OF OR IN CONNECTION WITH THESE TERMS OR FROM THE USE OF OR INABILITY TO USE THE SERVICES EXCEED THE AMOUNTS YOU HAVE PAID OR ARE PAYABLE BY YOU TO CUPCAKE STUDIOS FOR USE OF THE SERVICES OR ONE HUNDRED U.S. DOLLARS ($100), IF YOU HAVE NOT HAD ANY PAYMENT OBLIGATIONS TO CUPCAKE STUDIOS, AS APPLICABLE.

THE EXCLUSIONS AND LIMITATIONS OF DAMAGES SET FORTH ABOVE ARE FUNDAMENTAL ELEMENTS OF THE BASIS OF THE BARGAIN BETWEEN CUPCAKE STUDIOS AND YOU.

Governing Law and Forum Choice. These Terms and any action related thereto will be governed by the U.S. Federal Arbitration Act, federal arbitration law, and the laws of the State of New York, without regard to its conflict of laws provisions. Except as otherwise expressly set forth in Section 17 "Dispute Resolution," the exclusive jurisdiction for all Disputes (defined below) that you and Cupcake Studios are not required to arbitrate will be the state and federal courts located in New York, New York, and you and Cupcake Studios each waive any objection to jurisdiction and venue in such courts.

Dispute Resolution.

Informal Resolution of Disputes. You and Cupcake Studios must first attempt to resolve any dispute, claim or controversy arising out of or relating to these Terms or the breach, termination, enforcement, interpretation or validity thereof or the use of the Services (collectively, "Disputes") informally. Accordingly, neither you nor Cupcake Studios may start a formal arbitration proceeding or other dispute resolution provision for at least sixty (60) days after one party notifies the other party of a claim in writing. As part of this informal resolution process, you must deliver your written notices to us at Cupcake Studios, Attn: contact@cupcake.com. Notwithstanding the foregoing, we each retain the right to seek injunctive or other equitable relief from a court to prevent (or enjoin) the infringement or misappropriation of our intellectual property rights at any time.

Mandatory Arbitration of Disputes. We each agree that any Dispute will be resolved solely by binding, individual arbitration and not in a class, representative or consolidated action or proceeding. You and Cupcake Studios agree that the U.S. Federal Arbitration Act governs the interpretation and enforcement of these Terms, and that you and Cupcake Studios are each waiving the right to a trial by jury or to participate in a class action. This arbitration provision shall survive termination of these Terms.

Exceptions. As limited exceptions to Section 17(b) above: (i) we both may seek to resolve a Dispute in small claims court if it qualifies; and (ii) we each retain the right to seek injunctive or other equitable relief from a court to prevent (or enjoin) the infringement or misappropriation of our intellectual property rights.

Conducting Arbitration and Arbitration Rules. The arbitration will be conducted by the American Arbitration Association ("AAA") under its Consumer Arbitration Rules (the "AAA Rules") then in effect, except as modified by these Terms. The AAA Rules are available at [www.adr.org]{.underline} or by calling 1-800-778-7879. A party who wishes to start arbitration must submit a written Demand for Arbitration to AAA and give notice to the other party as specified in the AAA Rules. The AAA provides a form Demand for Arbitration at [www.adr.org]{.underline}.

Any arbitration hearings will take place in the county (or parish) where you live, unless we both agree to a different location. The parties agree that the arbitrator shall have exclusive authority to decide all issues relating to the interpretation, applicability, enforceability and scope of this arbitration agreement.

Arbitration Costs. Payment of all filing, administration and arbitrator fees will be governed by the AAA Rules, and we won't seek to recover the administration and arbitrator fees we are responsible for paying, unless the arbitrator finds your Dispute frivolous. If we prevail in arbitration, we'll pay all of our attorneys' fees and costs and won't seek to recover them from you. If you prevail in arbitration you will be entitled to an award of attorneys' fees and expenses to the extent provided under applicable law.

Injunctive and Declaratory Relief. Except as provided in Section 17(c) above, the arbitrator shall determine all issues of liability on the merits of any claim asserted by either party and may award declaratory or injunctive relief only in favor of the individual party seeking relief and only to the extent necessary to provide relief warranted by that party's individual claim. To the extent that you or we prevail on a claim and seek public injunctive relief (that is, injunctive relief that has the primary purpose and effect of prohibiting unlawful acts that threaten future injury to the public), the entitlement to and extent of such relief must be litigated in a civil court of competent jurisdiction and not in arbitration. The parties agree that litigation of any issues of public injunctive relief shall be stayed pending the outcome of the merits of any individual claims in arbitration.

Class Action Waiver. YOU AND CUPCAKE STUDIOS AGREE THAT EACH MAY BRING CLAIMS AGAINST THE OTHER ONLY IN YOUR OR ITS INDIVIDUAL CAPACITY, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE PROCEEDING. Further, if the parties' Dispute is resolved through arbitration, the arbitrator may not consolidate another person's claims with your claims, and may not otherwise preside over any form of a representative or class proceeding. If this specific provision is found to be unenforceable, then the entirety of this Dispute Resolution section shall be null and void.

Severability. With the exception of any of the provisions in Section 17(g) of these Terms ("Class Action Waiver"), if an arbitrator or court of competent jurisdiction decides that any part of these Terms is invalid or unenforceable, the other parts of these Terms will still apply.

General Terms.

Reservation of Rights. Cupcake Studios and its licensors exclusively own all right, title and interest in and to the Services, including all associated intellectual property rights. You acknowledge that the Services are protected by copyright, trademark, and other laws of the United States and foreign countries. You agree not to remove, alter or obscure any copyright, trademark, service mark or other proprietary rights notices incorporated in or accompanying the Services.

Entire Agreement. These Terms constitute the entire and exclusive understanding and agreement between Cupcake Studios and you regarding the Services, and these Terms supersede and replace all prior oral or written understandings or agreements between Cupcake Studios and you regarding the Services. If any provision of these Terms is held invalid or unenforceable by an arbitrator or a court of competent jurisdiction, that provision will be enforced to the maximum extent permissible, and the other provisions of these Terms will remain in full force and effect. Except where provided by applicable law in your jurisdiction, you may not assign or transfer these Terms, by operation of law or otherwise, without Cupcake Studios' prior written consent. Any attempt by you to assign or transfer these Terms absent our consent or your statutory right, without such consent, will be null. Cupcake Studios may freely assign or transfer these Terms without restriction. Subject to the foregoing, these Terms will bind and inure to the benefit of the parties, their successors and permitted assigns.

Notices. Any notices or other communications provided by Cupcake Studios under these Terms will be given: (i) via email; or (ii) by posting to the Services. For notices made by email, the date of receipt will be deemed the date on which such notice is transmitted.

Waiver of Rights. Cupcake Studios' failure to enforce any right or provision of these Terms will not be considered a waiver of such right or provision. The waiver of any such right or provision will be effective only if in writing and signed by a duly authorized representative of Cupcake Studios. Except as expressly set forth in these Terms, the exercise by either party of any of its remedies under these Terms will be without prejudice to its other remedies under these Terms or otherwise.

Contact Information. If you have any questions about these Terms or the Services, please contact Cupcake Studios at contact@cupcake.com.