VISUAL ART LICENSE AGREEMENT

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March 6, 2023

VISUAL ART LICENSE AGREEMENT

The Visual Art Agreement (this “Agreement”) is dated as of  ___________________(the “Effective Date”) by and between LASERMAN INDUSTRIES  , a company formed under laws of Rome having its principal place of business at Sofocle ( the “Company”) represented by Andrea PRINCE “the holoverse” Tural Mammadzada having an address at Baku, azerbajan  (the “Visual Artist”). Each of the Company and Artist may be referred to in this agreement individually as a “Party”, collectively as the “Parties”

RECITALS

WHEREAS, The Laserman Industries Company has acquired a new project “The Holoverse Collection” project which is a collection of 8888 unique NFT, which will be published in binance nft marketplace;

WHEREAS, the day of drop and go public is from 30th November to 10th December via https://www.binance.com/en/nft/home; 

WHEREAS, The Visual Artist has skill and expertise in making unique NFT pieces;

WHEREAS, The Visual Artist will make the unique pieces for the Company in exchange of commission

WHEREAS, The Company and the Artist wish to enter into this Agreement and to formalize certain understandings reached between the Parties;

NOW THEREFORE, the Company and Artist, intending to be legally bound, hereby agree as follows:

  1. Scope of Work. Subject to the terms and conditions of this Agreement, the Visual Artist shall create 8888 NFT unique pieces based on the presentation of the project in different kind of file extension (jpeg-mov-png-mp4) within 20 days. Artist has to provide 15 days before the launch of the entire collection to allow time for binance to upload on the market.  The first 200 pieces will be delivered within the first 7 days. The Visual Artist represents and warrants that the he does not infringe upon the rights of any third party.
  2. Restrictions. Except as set forth expressly herein or as permitted by the Company with prior written consent, the Visual Artist shall not, and shall not permit to (a) sublicense, sell, or distribute the work hereunder; or (b) modify the work hereunder.
  3. Compensation. In Consideration for the use of the visual artwork created for the Company, the Visual Artist shall receive 10% commission from Company for each NFT sold, once the transaction is done. 
  4. Term and Termination. The term of this Agreement shall commence on the Effective date, and continue for perpetually for as long as the Artist makes collections for the Company. This Agreement may be terminated if the Visual Artist does not follow the rules provided by the Company and if the Artist delays delivery of the Art pieces. 
  5. Rights assigned to the Company. The Company is allowed to promote the artworks on their social media platforms, through ads, email marketing, through social media influencers and any other platforms for the purpose of promoting the products.  
  6. Obligations of the Company. The Company shall provide the Visual Artist new equipment for work as a PC with high level characteristic to speed up the process. 
  7. Confidentiality. The Company may disclose to the Visual Artist certain confidential information regarding its technology and business (“Confidential Information”). Visual Artist agrees to keep confidential and not disclose or use any Confidential Information except to support its use of the illustrated work. Confidential Information shall not include information that Artist can show (a) was already lawfully known to or independently developed by Artist without access to or use of Confidential Information, (b) was received by Artist from any third party without restrictions, (c) is publicly and generally available, free of confidentiality restrictions; or (d) is required to be disclosed by law, provided that Artist provides Company with prompt notice of such requirement and cooperate in order to minimize such requirement.
  8. Limitation of Liability. To the maximum extent permitted by applicable law, in no event shall Company be liable to the Visual Artist or any third party for any damages, including but not limited to incidental, consequential, indirect, direct, and special or punitive damages arising out of the illustrated work. In no event shall the Company’s maximum cumulative liability under any cause of action exceed the amount paid by Company to Artist. As such, if the Company has not made any payments to Artist in order to use the illustrated work, Company shall not have any liability to Artist.
  9. Disputes. Any disputes arising out of this Agreement shall be submitted to the jurisdiction of Italian Courts. 
  10. Warranties, Disclaimer of Warranties. Artist represents and warrants that the art pieces shall fulfill the needs of the Company as specified and do not infringe the intellectual property rights of any third parties.
  11. Miscellaneous. This Agreement represents the entire agreement between the parties regarding the subject matter hereof and supersedes any and all other agreements between the Parties, whether written or oral, regarding the subject matter hereof. Except as expressly set forth herein, this Agreement may not be modified or amended except in a writing executed by both parties. All waivers must be in writing. If any part of this Agreement shall be invalid or unenforceable, such part shall be interpreted to give maximum force possible to such terms as possible under applicable law, and such invalidity or unenforceability shall not affect the validity or enforceability of any other part or provision of this Agreement which shall remain in full force and effect. 
  12. Governing Law. The Agreement shall be governed by the laws of Italy, Rome and the competent courts in Italy shall have exclusive jurisdiction to hear any dispute arising hereunder.

IN WITNESS WHEREOF, the Parties have executed this Agreement through their duly authorized representatives as of the date first written above.

By: ________________________ By: ______________________

Name: ______________________ Name: _____________________ 

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