ADIDAS METAVERSE TERMS & CONDITIONS

Last updated: October 31st, 2023

These adidas Metaverse Terms and Conditions (collectively “Terms & Conditions”) by adidas AG, Adi-Dassler-Str. 1, 91074 Herzogenaurach, German (unless stated otherwise), include the following:

1. NFT Terms and Conditions

2. ALTS by adidas Terms and Conditions

3. ALTER EGO Key Claim Terms and Conditions

4. adidas x RAWS Terms and Conditions

5. adidas x Mike Fogg Terms and Conditions

6. RESIDENCY Terms and Conditions

7. adidas Originals x BAPE Terms and Conditions

8. adidas X Crazyfast Bugatti Terms and Conditions

9. Capsule Collection Terms and Conditions

10. PFP Styling Tool Terms and Conditions

11. Vending Machine Terms and Conditions

12. Moncler x adidas Originals The Explorer NFT Terms and Conditions

13. Platform Terms and Conditions

NFT TERMS AND CONDITIONS

1. DEFINITIONS. The following terms have the corresponding meanings: “Art” means any art, design, product design, trademark, logo, animation, video, drawings and/or other digital content owned by or licensed to adidas and linked to an NFT that you Own. adidas reserves the right to modify the Art at any time. “NFT” means any Blockchain-tracked, non-fungible token. “Own” means, with respect to an NFT, an NFT that you have rightfully and lawfully purchased or acquired from a legitimate source, where proof of such purchase or acquisition is recorded on the relevant Blockchain. “Purchased NFT” means an NFT that you Own. “Third Party IP” means any third-party intellectual property rights including, but not limited to, rights in inventions and discoveries, patents, utility models, rights in designs, trademarks, service marks, trade names, logos, devices, signs, copyrights, associated goodwill, rights in confidential information and know-how subsisting anywhere in the world, whether registered or not.

2. OWNERSHIP. You acknowledge and agree that adidas (or, as applicable, its licensors) owns all legal right, title and interest in and to the Art, and all intellectual property rights therein. The rights that you have in and to the Art are limited to those expressly stated in Section 3 of these Terms and Conditions (these “Terms”) below. adidas and its licensors reserve all rights in and to the Art not expressly granted to you in Section 3 of these Terms including, without, limit the right to reproduce, create derivative Art, distribute and display the Art.

3. TERMS. Subject to your rightful and lawful purchase or acquisition of the NFT and, with respect to a Purchased NFT, your continued compliance with these Terms, adidas grants you a worldwide, non-exclusive, revocable, fully-paid license, with no right to sub-license, to display the Art for your Purchased NFTs, solely for the following purposes: (i) for your own personal, non-commercial use (for example home display, display in a virtual gallery or as an avatar); (ii) as part of a marketplace that permits the purchase and sale of your NFTs, provided that the marketplace cryptographically verifies each NFT owner’s rights to display the Art for their Purchased NFTs 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 NFTs, provided that the website/application cryptographically verifies each NFT owner’s rights to display the Art for their Purchased NFTs 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 NFT leaves the website/application. The license to display the Art for the Purchased NFT is automatically and always transferred with the NFT as provided below in Section 5. Otherwise the license to display the Art for the Purchased NFT is non-transferable.

4. RESTRICTIONS. You agree that you may not, nor permit any third party to do or attempt to do any of the following without adidas’s express prior written consent in each case: (i) modify, distort or perform any other change to the Art for your Purchased NFT in any way, including, without limitation, the shapes, designs, drawings, attributes, or color schemes; (ii) use the Art for your Purchased NFTs as a brand or trademark or to advertise, market, or sell any third party product or service; (iii) use the Art for your Purchased NFTs in connection with images, videos, or other forms of media that depict hatred, intolerance, violence, cruelty, or anything else that could reasonably be found to constitute hate speech or otherwise infringe upon the rights of others or promote illegal activities; (iv) use the Art for your Purchased NFTs in movies, videos, or any other forms of media, except solely for your own personal, non-commercial use; (v) sell, distribute for commercial gain (including, without limitation, giving away in the hopes of eventual commercial gain), or otherwise commercialize merchandise that includes, contains, or consists of the Art for your Purchased NFTs; (vi) attempt to trademark, copyright, or otherwise acquire additional intellectual property rights in or to the Art for your Purchased NFTs; (vii) use the Art for your Purchased NFTs in connection with defamatory or dishonest statements about adidas and/or its affiliated companies or which otherwise damage the goodwill, value or reputation of adidas or represent or imply that your exercise of the license in Section 3 is endorsed by adidas and/or its affiliated companies; or (vii) otherwise utilize the Art for your Purchased NFTs for your or any third party’s commercial benefit. To the extent that Art associated with your Purchased NFTs contains Third Party IP (e.g., licensed intellectual property), you understand and agree as follows: (w) that you will not have the right to use such Third Party IP in any way except as incorporated in the Art, and subject to the license and restrictions contained herein; (x) that, depending on the nature of the license granted from the owner of the Third Party IP, adidas may need to pass through additional restrictions on your ability to use the Art; and (y) to the extent that adidas informs you of such additional restrictions in writing (email is permissible), you will be responsible for complying with all such restrictions from the date that you receive the notice, and that failure to do so will be deemed a breach of these Terms. The restrictions in Section 4 will survive the expiration or termination of the license granted in Section 3. The NFT, and any product or service related to the NFT, is not available to certain individuals, countries, or territories deemed sanctioned by governing bodies. Please refer to the sanction websites for the United States , countries of the European Union, and Switzerland for up-to-date lists at the time of this reading. adidas accepts no liability for losses to any party based in any of the foregoing countries or territories arising out of, or in connection with, any order for any of the products or services, including NFTs, detailed on this website/application.

5. LIMITATIONS AND NO RIGHT TO TRADEMARKS. Without limitation to Section 4 above, the license in Section 3 does not include: (i) the right to use the Art to create additional NFTs; (ii) the right to create derivative works of the Art; (iii) the right to, and you may not, use any adidas trademarks in connection with the exercise of your license in Section 3. No adidas trademarks are licensed to you. You may not use or attempt to register any asset, including any domain names, social media accounts or related addresses, that contains or incorporates any Artwork, other representation, name or mark that may be confusingly similar to adidas trademarks. The limitations in Section 5 will survive the expiration or termination of the license granted in Section 3.

6. TRANSFERS. You have the limited right to transfer the Purchased NFT, provided that (a) any such transfer shall be in accordance with applicable laws and regulations, including but not limited to restrictions under trade regulations; (b) the transferee accepts all the Terms and the transferee shall, by purchasing, accepting, accessing or otherwise using the Art, be deemed to accept all the Terms; (c) you provide notice to the transferee of the Terms including a link or other method by which the Terms can be accessed by the transferee; (d) you have not breached the Terms before the transfer; and (e) your license to the Purchased NFT has not been terminated before the transfer.

7. TERMINATION AND CONSEQUENCES. The license granted in Section 3 above applies only to the extent that you rightfully and lawfully purchased or acquired the NFT and, with respect to a Purchased NFT, you continue to Own the applicable Purchased NFT. If at any time you sell, trade, donate, give away, transfer, or otherwise dispose of your Purchased NFT for any reason, the license granted in Section 3 to you will immediately expire with respect to those NFTs without the requirement of notice, and you will have no further rights in or to the Art for those NFTs. The license granted in Section 3 will also automatically terminate, with all rights returning to adidas if: (a) you breach any of the Terms which shall include, without limit, transferring, selling, donating or otherwise disposing of the Purchased NFT in a way not allowed specifically under the Terms; (b) you engage in any unlawful business practice related to the Purchased NFT or (c) if other circumstances occur which would make it unreasonable for the party to remain bound to the agreement until the next regular effective date of termination. In case you did not rightfully and lawfully purchase or acquire the NFT or upon any termination of the license granted in Section 3, adidas may disable your access to the Art and/or deny access to any further benefits, services or goods associated with the NFT and you shall delete, remove or otherwise destroy any backup or single digital copy of the Art.

8. DISCLAIMER OF WARRANTIES. You accept the Purchased NFT(s) “as is”, with no representation or warranty of any kind, express or implied, in excess of any statutory warranty rights that you may have under applicable law.

9. LIMITATION OF LIABILITY. Our obligation to pay damages shall be limited as follows: for damages caused by a breach of a material contractual obligation, we shall only be liable up to the amount of the typically foreseeable damages at the time of entering into these Terms. We shall not be liable for damages caused by a breach of a non-material contractual obligation. A material contractual obligation is any obligation on the performance of which you can routinely rely, and which in particular facilitates the due implementation of the contract that we have entered into. The limitation of liability as set out above shall not apply to (a) damages caused by us intentionally or by gross negligence, (b) culpably caused personal injuries, (c) any liability under the German Product Liability Act, and/or (d) in case of any (other) mandatory liability. Furthermore, the limitation of liability above shall not apply if and to the extent we have assumed a guarantee. You shall take all reasonable measures necessary to avert and reduce damages.

10. ASSUMPTION OF RISK. You agree as follows: (i) To the extent there is a price or market for a Blockchain asset, such markets and prices are extremely volatile, and variations in the price of other digital assets could materially and adversely affect the value of any digital asset(s) you own, such as Purchased NFTs, and there is no guarantee Purchased NFTs will have or retain any value; (ii) there are risks associated with using an Internet-native assets (e.g., non-fungible tokens, cryptocurrencies, etc.) including, but not limited to, the risk of hardware, software and Internet connections and/or failures, the risk of malicious software introduction, and the risk that third parties may obtain unauthorized access to information stored within your digital Wallet, and adidas will not be responsible for any of these, however caused; (iii) adidas does not make any promises or guarantees about the availability of the Art on the Internet or that they will host the Art at any specific location and/or for any specific period of time; (iv) upgrades to the Ethereum platform, a hard fork in the Ethereum platform, a failure or cessation of Ethereum, or a change in how transactions are confirmed on the Ethereum platform may have unintended, adverse effects on all Blockchains using such technologies, including without limitation Purchased NFTs; (v) NFTs are made available solely for entertainment purposes; (vi) adidas is not responsible for any transaction between you and a third party (e.g., your purchase of a Purchased NFT from a third party on the so-called “secondary market”) or for any consequences of such transaction (e.g. any costs or taxes being due with respect to such transaction), and adidas shall have no liability in connection with any such transaction or its consequences.

11. GOVERNING LAW. These Terms will be governed solely by German law, without reference to: (a) any conflicts of law principle that would apply the substantive laws of another jurisdiction to the parties’ rights or duties; (b) the 1980 United Nations Convention on Contracts for the International Sale of Goods; or (c) other international laws. If you are a merchant, a legal entity under public law, a special fund under public law, or if you have no general place of jurisdiction in Germany, the District Court Nürnberg-Fürth shall have exclusive jurisdiction for any disputes arising from or in connection with these Terms.

ALTS BY ADIDAS TERMS AND CONDITIONS

1. PHASE 3 NFT. Subject to your rightful and lawful purchase or acquisition of an adidas Originals: Into the Metaverse NFT ("Purchased NFT"), you are eligible to receive a new NFT ("Phase 3 NFT") at no additional cost only during the Activation Period. After the activation period, a Purchased NFT cannot be redeemed for a Phase 3 NFT, and adidas does not warrant any further utility in connection with the Purchased NFT.

2. BURNING THE PURCHASED NFT. As a condition of receiving the Phase 3 NFT, you expressly agree and acknowledge that you must burn your Purchased NFT, whereas "burn" shall mean the permanent and irreversible transfer of the Purchased NFT to a designated smart contract address, effectively removing it from circulation and making it inaccessible to anyone. For avoidance of doubt, the Purchased NFT will be destroyed during this process. The burn of the Purchased NFT must be performed according to the instructions provided by adidas on the Website and any specifications of Your wallet provider. You will be solely responsible for any costs in connection with the burn, including gas fees, and for the payment of all taxes that may be applicable as a result of You burning the Purchased NFT.

3. CONSEQUENCES OF THE BURN. Once the burn of the Purchased NFT has been successful, You will receive a Phase 3 NFT in Your wallet, which you have connected to the Website. You expressly acknowledge that the Phase 3 NFT may not have the same value as the Purchased NFT and that the value of the NFT is outside adidas’ reasonable control. Resales of the Phase 3 NFT on marketplaces may be subject to varying transaction fees (including gas fees, which may be significant). The transaction fees may include a commission for the benefit of the marketplace and/or for any third-party involved in the creation of the Terms and Conditions. You undertake to use Your best efforts to provide the buyer of the Phase 3 NFT with these Terms and Conditions and to pass all obligations under these Terms and Conditions on to subsequent buyers.

4. ADDITONAL APPLICABLE TERMS. For the Phase 3 NFT, the NFT Terms and Conditions (https://www.adidas.com/metaverse/terms) and the adidas' privacy policy (https://www.adidas.com/metaverse/privacy) apply.

ALTER EGO KEY CLAIM TERMS AND CONDITIONS

For the purposes of these terms and conditions, "adidas" shall mean the adidas International Trading AG, located at Platz 1b, Root D4, Luzern, 6039, Switzerland. These ALTER EGO Key Claim Terms and Conditions ("KEY T&Cs") apply to the purchase of an universal key for a reservation at the Rift Valley Motel by the contracting party ("You") from adidas on the Website as of 15 April 2023 until the end of the reservation period (“Event”).

1. DEFINITIONS.In these KEY T&Cs the following terms have the meanings ascribed to them herein:

“ALTS NFT” means an adidas Into The Metaverse Phase 3 NFT from the ALTS by adidas collection with a generic avatar attribute;

"Blockchain" means the Ethereum mainnet blockchain;

"License" means the license terms applicable to the Art, as linked in the metadata of the respective Token and published on the Website as "NFT Terms and Conditions";

"NFT" means the Token together with the rights of use in the Art represented by the Token under the License and any other rights granted to the holder of the Token;

"Token" means the contractual, unique and transferable token on the Blockchain in accordance with the ERC-20 standard.

“Universal Key” means the contractual right for access to reserve a room at the Rift Valley Motel, where each room represents a team category for ALTS NFTs;

“Update” means, in relation to the ALTS NFT, additional metadata attributes and new ALTS NFT Art, both to represent the Universal Key;

“Wallet" means a piece of software, a piece of hardware or another system for storing cryptographic keys (as defined below) that can be used to store, manage and/or dispose of Tokens; "Wallet Address" means the public address of a Wallet;

“Website" means the website https://collect.adidas.com/ operated by adidas on which You can purchase the Universal Key and review all applicable terms and conditions.

2. CONCLUSION OF THE PURCHASE AGREEMENT.2.1 For a limited period of time as indicated on the Website, adidas presents a certain contingent of Universal Keys, which can be purchased by holders of an ALTS NFT against payment of the purchase price as set forth on the Website ("Purchase Price"). You agree and acknowledge that the Purchase Price may differ depending on which other type of adidas NFT You hold in Your Wallet on the relevant snapshot dates, on which adidas recorded the ownership of the respective adidas NFT collections. If Your Wallet is in multiple snapshots, the lowest priced snapshot will apply. 2.2 The presentation of the Universal Keys by adidas does not constitute a binding offer to conclude a purchase agreement, but merely an invitation to You to submit a binding offer. Such a binding offer is depending on You truthfully providing all the data requested on the Website, in particular Your Wallet Address, clicking the "Confirm Claim" button and transferring the Purchase Price in accordance with section 2.4. The adidas offer is only directed at persons who have reached the respective minimum legal age of the relevant jurisdiction. 2.3 After clicking the button referred to in section 2.1 and thereby submitting Your offer, You will receive the Universal Key represented by the Update. The Universal Key is valid only for a limited period of time, as indicated on the Website, until the end of the period during which a room can be selected and reserved at the Rift Valley Motel (“Reservation Period”). 2.4 Unless otherwise stated on the Website, the payment of the Purchase Price shall be made in ETH or APE and includes the applicable statutory value added tax. You need to make the payment of the Purchase Price to the Wallet Address as indicated on the Website. adidas accepts Your purchase offer by providing the Universal Key to the Wallet Address You have provided and thereby also confirms the purchase. The acceptance by adidas is always subject to the payment of the full Purchase Price in accordance with this section 2.4. 2.5 If adidas rejects Your offer in accordance with these KEY T&Cs or You withdraw Your offer before adidas accepts it or if You transfer less than the full Purchase Price to adidas, adidas will refund Your payment within fourteen (14) days. adidas is entitled to deduct Transaction Fees applicable to such refund. 2.6 Unless otherwise stated on the Website, adidas will provide the Art associated with the NFT as part of the NFT metadata. The Art will also be stored and provided via a distributed file storage system not controlled by adidas and adidas has no knowledge of how long the Art will be stored and retrievable from there. adidas is not obliged to store the Art and/or make it accessible. adidas strongly recommends that You save a local copy of the Art.

3. YOUR WALLET.3.1 Purchasing the Universal Key via the Website requires that You have a Wallet which is compatible with the Blockchain. adidas neither offers nor operates Your Wallet. You must ensure that Your Wallet has the necessary compatibility with the Blockchain. Details of supported Wallets may be found on the Website (note that we do not recommend particular wallets, You should do Your own research). 3.2 Please note that the management of the Update in Your Wallet is not part of adidas' service and is solely Your responsibility. adidas has no access to any Wallet Access Data (as defined below) and can therefore neither dispose or nor control the Update stored in Your Wallet. adidas does not provide support with regard to Your Wallet. 3.3 You are fully responsible for the control of Your Wallet. Loss of control over Your Wallet may have the result that the Update and the rights associated with the Universal Key can no longer be proven and that the NFT can no longer be resold. Against this background, adidas expressly underlines that it is Your duty to ensure that Your Wallet, the associated passwords and access data, the cryptographic key and any recovery identifiers (seeds) (together and individually the "Wallet Access Data") are treated confidentially and that You secure the Wallet Access Data against access by third parties by means of appropriate technical and organizational measures. For technical reasons, adidas has no possibility to restore Your Wallet Access Data should You lose them.

4. LICENCE TO THE ART AND ADDITIONAL RIGHTS. 4.1 By transferring the Universal Key to You and providing the Update, adidas grants You a license - which You accept - to use the respective Art in accordance with the provisions in the License (see the “NFT Terms and Conditions" published on the Website). 4.2 The License under section 4.1 is subject to the condition precedent that You have obtained the Universal Key in a lawful manner. As a rule, this condition is fulfilled at the moment You receive ownership of the Update, unless this receipt is not lawful, in particular, but not limited to, in the cases of (a) theft or any other unauthorized transfer of the Update of the ALTS NFT and (b) an unintentional transfer of the Update to the Wallet Address of a third party. In such cases, adidas reserves the right, but is not obliged, to transfer the Update to the correct Wallet Address or, if necessary, to destroy (burn) the Update (You are obliged to cooperate) and reissue the Update to the rightful owner of the rights to the Art and other rights.

5. WARRANTY.5.1 adidas warrants that, at the time of transfer to You, the Universal Key corresponds to the standard market quality of the underlying standards, and the Art does not infringe any third-party intellectual property rights. adidas cannot assume any further warranty beyond the forementioned. 5.2 The availability, resolution and quality of the Art will depend on the device You are using and other factors beyond adidas' control, for which no warranty is given. 5.3 With regard to the Universal Key, supplementary performance to cure a defect is only possible by re-issuing a new Update to Your Wallet. You are obliged to cooperate with the new update of the defective Universal Key in accordance with the instructions of adidas and to accept the new update if the contractual scope of functions is maintained and the acceptance does not lead to significant disadvantages for You. 5.4 You expressly agree and acknowledge that the value of virtual goods may change rapidly due to unforeseen circumstances. adidas does not warrant the current or future value of its NFTs. In all other respects, the statutory provisions applying to warranties shall apply.

6. RIGHT OF WITHDRAWAL. Consumers have a right of withdrawal in accordance with the following provisions:

Model instructions on withdrawal

Right of withdrawal:

You have the right to withdraw from this contract within 14 days without giving any reason.

The withdrawal period will expire after 14 days from the day of the conclusion of the contract.

To exercise the right of withdrawal, you must inform us:

E-mail: web3inquiries@adidas.com Address: adidas AG, Adi-Dassler-Str. 1, 91074 Herzogenaurach

of your decision to withdraw from this contract by an unequivocal statement (e.g. a letter sent by post or e-mail). You may use the attached model withdrawal form, but it is not obligatory.

To meet the withdrawal deadline, it is sufficient for you to send your communication concerning your exercise of the right of withdrawal before the withdrawal period has expired.

Effects of withdrawal:

If you withdraw from this contract, we shall reimburse to you all payments received from you, including the costs of delivery (with the exception of the supplementary costs resulting from your choice of a type of delivery other than the least expensive type of standard delivery offered by us), without undue delay and in any event not later than 14 days from the day on which we are informed about your decision to withdraw from this contract. We will carry out such reimbursement using the same means of payment as you used for the initial transaction, unless you have expressly agreed otherwise; in any event, you will not incur any fees as a result of such reimbursement.

After Your withdrawal, you will be automatically and randomly assigned to a room/ALTS NFT team category but pursuant to the still available places in the different rooms at the end of the Reservation Period.

Model withdrawal form

(complete and return this form only if you wish to withdraw from the contract)

To

adidas AG, Adi-Dassler-Str. 1, 91074 Herzogenaurach

E-mail: web3inquiries@adidas.com

I/We (*) hereby give notice that I/We (*) withdraw from my/our (*) contract for the provision of the following service (*),

Ordered on (*)/received on (*),

Name of consumer(s),

Address of consumer(s),

Signature of consumer(s) (only if this form is notified on paper),

Date

(*) Delete as appropriate.

7. LIABILITY. 7.1 In any case of simple negligence adidas is liable for the breach of a contractual obligation which gives distinction to this agreement and on which You may rely on (essential obligation) and limited to the typical and foreseeable damage only. The beforementioned shall not apply to culpable damage to life, body or health nor in cases of mandatory liability including without limitation liability for cases in which a procurement risk or a guarantee for damages has been assumed, under the Product Liability Act, liability under the GDPR, fraudulent concealment of a defect or in the event of default. 7.2 adidas shall not be liable for any damages resulting from any use or unauthorised modification of the NFT and/or the Website by You or any third party in breach of these KEY T&Cs.

8. EU DISPUTE RESOLUTION. In accordance with Art. 14 (1) of Regulation (EU) No. 524/2013 on Online Dispute Resolution (ODR Regulation), adidas is legally obliged to refer You to the European Online Dispute Resolution platform (ODR platform) of the European Commission. You can reach this at http://ec.eoropa.eu/consumers/odr/. adidas does not participate in dispute resolution proceedings before a consumer arbitration board and is not obliged to do so.

9. MISCELLANEOUS.Should one or more provisions of these KEY T&Cs be or become invalid or unenforceable in whole or in part, this shall not affect the validity and enforceability of the remaining provisions of these KEY T&Cs. In place of any standard terms of business which are invalid or not incorporated in these KEY T&Cs, the statutory provisions shall apply (section 306 (2) BGB). In all other cases, the parties shall replace the void or invalid provision with a valid provision which reflects as closely as possible the original economic purpose of the void or invalid provision, unless a supplementary interpretation of these KEY T&Cs takes precedence or is possible. adidas' privacy policy can be found at https://www.adidas.com/metaverse/privacy . The privacy policy is not subject to these KEY T&Cs. Regarding the Universal Key, the “NFT TERMS AND CONDITIONS” and “ALTS BY ADIDAS TERMS AND CONDITIONS”, available on the Website, apply.

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10. ROOM RESERVATION EVENT.10.1 Each Universal Key provides the opportunity to reserve one room at the Rift Valley Motel (“Event”), whereas each room represents a team category for the next phase/updated versions of the ALTS NFTs from 01 May 2023 onwards (“ALTER EGO NFT”). 10.2 Universal Keys will allow room reservations as of 25 April 2023 until the end of the Reservation Period. By way of random distribution, five percent (5%) of the Universal Keys will be special Universal Keys that will allow reservations as of 24 April 2023. 10.3 If an ALTS NFT Update holder does not reserve a room during the Reservation Period, then on 01 May 2023, adidas will automatically and randomly assign the respective ALTS NFT into one of the ALTER EGO NFT team categories. The unused Universal Key cannot be redeemed for cash. At the end of the Event, all Universal Keys will cease to exist and be no longer valid. 10.4 The relevant time zones, start times, and end times for the dates mentioned in these Terms will be communicated on the Website.

11. PARTICIPATION.11.1 The Event will open on 15 April 2023. The Reservation Period will run until the supply of Universal Keys lasts, at the latest until 30 April 2023. Each Universal Key/Update allows for one entry into the Event. 11.2 The Event operates on a First Come, First Served basis commencing and concluding within the Reservation Period. 11.3 To enter the Event and place a room reservation, You must (i) provide a digital Wallet ID that holds an ALT NFT with an Update, (ii) select the “Enter Now“-button, and (iii) enter the requested information to complete your participation. You will be prompted to provide the address of your Wallet that holds the Update. 11.4 Room capacity is contingent upon the maximum occupancy of reservations. Thus, a room will be considered closed once the maximum number of reservations has been reached. In those circumstances, You have the option to choose a different room, depending on availability. 11.5 After room selection and reservation, or at the end of the Event, your ALT NFT will automatically be updated to an ALTER EGO NFT, as represented by new or additional metadata attributes and new ALTER EGO NFT Art.

12. EXCLUSION OF PARTICIPANTS.12.1 At all times adidas reserves the right to exclude participants from participation without a right of recourse against adidas in case of (i) invalid or false entries, (ii) tampering or interfering with the operation of the Event or the Website, (iii) foul play, fraud (or suspicion therefore), or (iv) the participant acting in any manner deemed by adidas to be disruptive or in violation of these Terms. Organised or collective participation of the Event shall be regarded as a breach of the Terms. 12.2 adidas reserves the right, in its sole discretion, to disqualify or prohibit any individual from participating in the Event whom it believes (i) has tampered with the entry process or undermined the legitimate operation of the Event in any manner; (ii) has engaged in conduct causing annoyance, abuse, threat, or harassment towards other participants or any representative of adidas; or (iii) has attempted or intends to attempt any aforementioned actions. The utilisation of agents or automated devices, programmes, or methods for entry submission is forbidden, and adidas may disqualify any participant suspected of employing such means. 12.3 This Event is void where the Event is prohibited. It is the responsibility of the participants to ensure their legal eligibility to participate. Participants cannot derive any rights from their participation and have no right to any payment or other compensation for their entry or their participation. 12.4 Entries to the Event may not (i) conflict with applicable law or regulations, the rights of third parties, (ii) incite, advocate or express pornography, obscenity, vulgarity, hatred, bigotry, racism or gratuitous violence, or (iii) in any way harm adidas, its affiliates, its agents and/or the brand of adidas (or any other brand of adidas).

13. LIMITATION OF LIABILITY. 13.1 adidas or any of adidas affiliates does not assume any responsibility for any (i) costs or expenses of participants in connection or relating to the Event, (ii) network, computer hardware or software disruptions of whatever nature which might lead to a limited, delayed or lost entry, (iii) other problems or calamities, of whatever nature, that are connected with the functioning of the network, the Website, any third party services used or referenced in the Event (e.g., Discord, OpenSea, or any Wallet service), computer hardware or software, and (iii) mistakes in the entering or processing of information or data (i.e., any digital wallet address). adidas is not responsible or liable for any incompatibility between technologies used, in the broadest sense, during the Event and the hardware and software configuration used by the participants. 13.2 adidas is not responsible for ensuring that users of theALTER EGO NFT is legally permissible. The user must therefore make sure that the specific use of the ALTER EGO NFT is permitted (such as a public sale or making it available to the public). 13.3 adidas obligation to pay damages will be limited as follows: only for damages caused by a breach of a material contractual obligation and only up to the amount of the typically foreseeable damages at the time of entering into these Terms. The limitation of liability as set out above shall not apply to (a) damages caused by us intentionally or by gross negligence, (b) culpably caused personal injuries, and/or (c) in case of any (other) mandatory liability.

RAWS X ADIDAS TERMS AND CONDITIONS

For the purposes of these terms and conditions, “adidas” shall mean the adidas International Trading AG, located at Platz 1b, Root D4, Luzern, 6039, Switzerland. These terms and conditions (“RAWS T&Cs”) apply to the purchase of the RAWS Open Edition NFT and/or the RAWS Limited Edition NFT by the contracting party ("You") from adidas during the event "BERLIN 2023: [ ] VALLEY [ ] " hosted by adidas on 25th March 2023 in Berlin ("Event").

1. DEFINITIONS. In these RAWS T&Cs the following terms have the meanings ascribed to them herein: "Artwork" means a digital artwork created by the artist RAW, as referred to in the NFT; "Blockchain" means the Ethereum mainnet Blockchain; "License" means the license terms applicable to the Artwork and as referenced on the Minting Site or linked in the metadata of the respective Token and published on the Website as “Terms and Conditions for NFT”; “Minting Site” means the third-party website under the URL manifold.xyz via which is operated by Manifold Technologies Ltd. and on which You can purchase the NFT; "NFT" means the Token together with the rights of use in the Artwork represented by the Token under the Licence and any other rights granted to the holder of the Token; "Token" means the contractual, unique and transferable token on the Blockchain in accordance with the ERC-721 standard for the RAWS Limited Edition NF and ERC-1155 standard for the RAWS Open Edition NFT; "Wallet" means a piece of software, a piece of hardware or another system for storing cryptographic keys (as defined below) that can be used to store, manage and/or dispose of Tokens; "Wallet Address" means the public address of a Wallet; "Website" means the website https://collect.adidas.com/ operated by adidas on which You can review all applicable terms and conditions.

2. CONCLUSION OF THE PURCHASE AGREEMENT. 2.1 For a limited period of time as indicated on the Minting Site, adidas presents a certain contingent of NFTs, which can be purchased by users against payment of the purchase price as set forth on the Minting Site ("Purchase Price"). The presentation of the NFTs by adidas does not constitute a binding offer to conclude a purchase agreement, but merely an invitation to You to submit a binding offer. Such a binding offer is depending on You truthfully providing all the data requested on the Minting Site, in particular Your Wallet Address, and a) clicking the "Buy Token” button or b) transferring the Purchase Price in accordance with section 2.4. The adidas offer is only directed at persons who have reached the respective minimum legal age of the relevant jurisdiction. 2.2 After clicking the button referred to in section 2.1 and thereby submitting Your offer, You have reserved an NFT for the limited period of 30 minutes or as otherwise indicated on the Minting Site. During this period, You have the opportunity to pay the Purchase Price. If the Purchase Price is not paid within this period, adidas will cancel the purchase process. In this case, You can initiate the purchase process again by submitting a new offer subject to section 2.1 above. 2.3 External transaction fees imposed by the Blockchain (so-called "Transaction Fees") can incur. These are costs associated with the allocation of the Token and its modification on the Blockchain and cannot be influenced by adidas. They can only be determined immediately prior to the purchase of an NFT and should be communicated in the purchase process in Your Wallet. adidas has no obligation to calculate or display the Transaction Fees. You need to pay the Transaction Fees in addition to the Purchase Price, but adidas only receives the Purchase Price. 2.4 Unless otherwise stated on the Minting Site, the payment of the Purchase Price shall be made in ETH and includes the applicable statutory value added tax. You need to make the payment of the Purchase Price to the Wallet Address as indicated on the Minting Site. adidas accepts Your purchase offer by transferring the Token to the Wallet Address You have provided and thereby also confirms the purchase. The acceptance by adidas is always subject to the payment of the full Purchase Price and the Transaction Fees in accordance with this section 2.4. 2.5 If adidas rejects Your offer in accordance with these RAWS T&Cs or You withdraw Your offer before adidas accepts it or if You transfer less than the full Purchase Price to adidas, adidas will refund Your payment within fourteen (14) days. adidas is entitled to deduct Transaction Fees applicable to such refund. 2.6 Unless otherwise stated on the Minting Site, adidas will provide the Artwork associated with the NFT as part of the NFT metadata. The Artwork will also be stored and provided via a distributed file storage system not controlled by adidas and adidas has no knowledge of how long the Artwork will be stored and retrievable from there. adidas is not obliged to store the Artwork and/or make it accessible. adidas strongly recommends that You save a local copy of the Artwork.

3. YOUR WALLET. 3.1 Purchasing the NFT via the Minting Site and any transfer of the Token to You requires that You have a Wallet which is compatible with the Blockchain ("Wallet"). adidas neither offers nor operates Your Wallet. You must ensure that Your Wallet has the necessary compatibility with the Blockchain. Details of supported Wallets may be found on the Minting Site (note that we do not recommend particular wallets, You should do Your own research). 3.2 Please note that the management of the Token after the transfer to Your Wallet is not part of adidas' service and is solely Your responsibility. adidas has no access to any Wallet Access Data (as defined below) and can therefore neither dispose of nor control the Tokens stored in Your Wallet. adidas does not provide support with regard to Your Wallet. 3.3 You are fully responsible for the control of Your Wallet. Loss of control over Your Wallet may have the result that the Token and the rights associated with the NFT can no longer be proven and that the NFTs can no longer be resold. Against this background, adidas expressly underlines that it is Your duty to ensure that Your Wallet, the associated passwords and access data, the cryptographic key and any recovery identifiers (seeds) (together and individually the "Wallet Access Data") are treated confidentially and that You secure the Wallet Access Data against access by third parties by means of appropriate technical and organizational measures. For technical reasons, adidas has no possibility to restore Your Wallet Access Data should You lose them.

4. LICENCE TO THE ARTWORK AND ADDITIONAL RIGHTS: 4.1 By transferring the Token to You, adidas grants You a license – which You accept – to use the respective Artwork in accordance with the provisions in the License. 4.2 The RAWS Limited Edition NFT is associated with a right to receive a physical poster signed by the artist "Kai Imhof or RAWS". The poster can only be collected on the Event and the right to collect it is limited to the duration of the Event. Should a holder of the NFT not have collected the poster on and during the Event, the right to collect it lapses. adidas' obligation to provide You with the poster is subject to You proofing ownership of the Token on and during the Event. The right associated with the NFT to receive the posters expires with the handover of the poster to the claimant, regardless who the owner of the Token is. adidas may track the identifiers of the Tokens which do not entitle to receive a poster anymore. You are not allowed to claim the poster more than once with the same Token. When transferring the Token to a third party, You should inform such third party on whether the poster has already been claimed (i.e., whether the right to receive a poster has already expired). 4.3 The License and any claim under section 4.2 are subject to the condition precedent that You have obtained the Token in a lawful manner. As a rule, this condition is fulfilled at the moment You receive ownership of the Token, unless this receipt is not lawful, in particular, but not limited to, in the cases of (a) theft or any other unauthorized transfer of the Token and (b) an unintentional transfer of the Token to the Wallet Address of a third party. In such cases, adidas reserves the right, but is not obliged, to transfer the Token to the correct Wallet Address or, if necessary, to destroy (burn) the Token (You are obliged to cooperate) and reissue the Token to the rightful owner of the rights to the Artwork and other rights.

5. WARRANTY. 5.1 adidas warrants that, at the time of transfer to You, the Token corresponds to the standard market quality of the underlying standards, and the Artwork does not infringe any third-party intellectual property rights. adidas cannot assume any further warranty beyond the forementioned, in particular for the tradability of the NFT on third-party platforms and marketplaces and the compatibility with networks, infrastructures, Blockchains and Wallets of third parties. 5.2 The availability, resolution and quality of the Artwork will depend on the device You are using and other factors beyond adidas' control, for which no warranty is given. 5.3 With regard to the Token, supplementary performance to cure a defect is only possible by destroying the defective Token (burning) and issuing a new Token to Your Wallet. You are obliged to cooperate in the burning of the defective Token in accordance with the instructions of adidas (e.g., by transferring the Token to a Wallet Address specified by adidas) and to accept a new Token if the contractual scope of functions is maintained and the acceptance does not lead to significant disadvantages for You. 5.4 You expressly agree and acknowledge that the value of virtual goods may change rapidly due to unforeseen circumstances. adidas does not warrant the current or future value of its NFTs. In all other respects, the statutory provisions applying to warranties shall apply.

6. RIGHT OF WITHDRAWAL. Consumers have a right of withdrawal in accordance with the following provisions :

7. LIABILITY. 7.1 In any case of simple negligence adidas is liable for the breach of a contractual obligation which gives distinction to this agreement and on which You may rely on (essential obligation) and limited to the typical and foreseeable damage only. The beforementioned shall not apply to culpable damage to life, body or health nor in cases of mandatory liability including without limitation liability for cases in which a procurement risk or a guarantee for damages has been assumed, under the Product Liability Act, liability under the GDPR, fraudulent concealment of a defect or in the event of default. 7.2 adidas shall not be liable for any damages resulting from any use or unauthorised modification of the NFT and/or the Minting Site by You or any third party in breach of these RAWS T&Cs.

8. TRADABILITY. 8.1 adidas itself does not operate a marketplace where the NFTs can be traded. 8.2 adidas does not bear any responsibility for marketplaces of third parties and neither undertakes to ensure nor warrants that the NFT is or will be tradable on any regulated or unregulated marketplace and/or that any third parties will attach a market value to the NFT. adidas is not under an obligation to obtain permission, approval or similar to trade, sell or exchange the NFT on marketplaces. It is possible that there will never be a marketplace for trading or selling the NFT. 8.3 Resales on marketplaces may be subject to varying transaction fees (including gas fees, which may be significant) for the seller of the NFT. The transaction fees may include a commission for the benefit of the marketplace and/or for any third-party that was part of creating the NFT. The seller undertakes to use best efforts to provide the purchaser of the NFT with these RAWS T&Cs, and to pass all obligations under these RAWS T&Cs on to subsequent purchasers. You will be solely responsible for the payment of all taxes that may be applicable as a result of resales or transactions of the NFT.

9. DUTIES AND RISKS. 9.1 You are aware that You are responsible for ensuring that Your use of the NFT is legally permissible. You must therefore make sure in each individual case of use that the specific use of the NFT is permitted (such as a public sale or making it available to the public). 9.2 You acknowledge that legal regulations in the areas of Blockchain-based services, cryptocurrencies and crypto assets may change, and that new regulations or guidelines may develop. New or changing regulations or interpretation of existing laws and regulations may adversely affect the qualification and/or transfer and/or viability and/or value of the NFTs in the future. 9.3 If there is reasonable suspicion that You have breached any obligation under these RAWS T&Cs and You fail to remedy such breach within fourteen (14) days after being given notice to do so, adidas reserves the right to transfer the Token to the correct Wallet Address or, if applicable, to destroy (burn) the Token (You are obliged to cooperate) and reissue (mint) it to the rightful owner of the rights to use the Artwork. A notice period is not required in the case of irremediable violations or in the case of serious violations, such as those based on intent.

10. ANTI-MONEY LAUNDERING. 10.1 You warrant, that the NFT will not be used in any manner for any illegal or unethical purpose, including acts related to money laundering, terrorist financing or other acts that violate applicable law; that You will not use any proceeds of criminal or illegal acts; and that no transactions with the NFT will be used to facilitate or engage in criminal or illegal acts, including acts related to money laundering, terrorist financing or other acts that violate applicable law. 10.2 You declare that during Your ownership of the NFT, You are not on a sanctions list of the United Nations, the European Union, the United States of America, or the Federal Republic of Germany; You neither (i) act on behalf (e.g. as a representative or messenger) for a natural or legal person included in one of the sanctions lists mentioned in a) nor (ii) directly or indirectly transfer assets of any kind to such a person; and You confirm that You are acting in Your own economic interest only. 10.3 If any of the aforementioned events occurs before the Token has been received by You, You undertake to inform adidas without undue delay and to suspend all transactions and actions in connection with the Token without undue delay until the event ceases to exist. 10.4 You must comply with all applicable sanctions, embargo and (re-)export control regulations, and definitely those of the European Union, the United States of America, the Federal Republic of Germany and locally applicable jurisdiction(s) (collectively "Export Law"). Except as permitted under Export Law or in accordance with corresponding official licences or approvals, You may not, in particular, (i) download, install, access or use the Token and any related documentation (collectively the "Delivery Items") at any location where access is prohibited or restricted on grounds of comprehensive sanctions (currently Cuba, Iran, North Korea, Syria and the Crimea, Donetsk and Luhansk regions of Ukraine) or requires a licence under Export Law; (ii) allow a natural or legal person on a sanctions list under the Export Law to access the Delivery Items, transfer them, (re-)export them (including deemed (re-)exports) or provide them in another manner; (iii) use the Delivery Items for a purpose prohibited under Export Law (e.g. in connection with armaments, nuclear technology or weapons); (iv) enable the above activities by a user of the Delivery Items. You will provide adidas with all information about the user(s), the intended use and the place of use of the Delivery Items without undue delay after being requested to do so. The performance of the agreement by adidas is subject to the performance not being hindered by national or international foreign trade law regulations or embargos and/or other sanctions.

11. CHOICE OF LAW AND JURISDICTION. 11.1 These RAWS T&Cs and their interpretation and any non-contractual obligations in connection with them are subject to German substantive law. As far as applicable, the un convention on contracts for the international sale of goods (CISG) shall not apply. 11.2 exclusive place of jurisdiction for all disputes regarding rights and duties under these RAWS T&Cs, including their validity shall be Nuremberg, Germany.

12. EU DISPUTE RESOLUTION. In accordance with Art. 14 (1) of Regulation (EU) No. 524/2013 on Online Dispute Resolution (ODR Regulation), adidas is legally obliged to refer You to the European Online Dispute Resolution platform (ODR platform) of the European Commission. You can reach this at http://ec.eoropa.eu/consumers/odr/. adidas does not participate in dispute resolution proceedings before a consumer arbitration board and is not obliged to do so.

13. MISCELLANEOUS. Should one or more provisions of these RAWS T&Cs be or become invalid or unenforceable in whole or in part, this shall not affect the validity and enforceability of the remaining provisions of these RAWS T&Cs. In place of any standard terms of business which are invalid or not incorporated in these RAWS T&Cs, the statutory provisions shall apply (section 306 (2) BGB). In all other cases, the parties shall replace the void or invalid provision with a valid provision which reflects as closely as possible the original economic purpose of the void or invalid provision, unless a supplementary interpretation of these RAWS T&Cs takes precedence or is possible. adidas' privacy policy can be found at https://www.adidas.com/metaverse/privacy . The privacy policy is not subject to these RAWS T&Cs.

MIKE FOGG X ADIDAS TERMS AND CONDITIONS

For the purposes of these terms and conditions, "adidas" shall mean the adidas International Trading AG, located at Platz 1b, Root D4, Luzern, 6039, Switzerland. These terms and conditions ("Mike Fogg T&Cs") apply to the purchase of the Splashdown Open Edition NFT and/or the Lift Off Special Edition NFT by the contracting party ("You") from adidas during the event "ALTS by adidas NYC” held at 565 5th Ave, New York, NY 10017, United States hosted by adidas on 13th April 2023 ("Event").

1.DEFINITIONS. In these Mike Fogg T&Cs the following terms have the meanings ascribed to them herein: "Artwork" means a digital artwork created by the artist Mike Fogg, as referred to in the NFT; "Blockchain" means the Ethereum Mainnet blockchain; "License" means the license terms applicable to the Artwork and as referenced on the Minting Site or linked in the metadata of the respective token and published on the website as "terms and conditions for NFT"; "Minting Site" means the third-party website under the URL manifold.xyz via which is operated by Manifold Technologies LTD. and on which you can purchase the NFT;"NFT" means the token together with the rights of use in the Artwork represented by the token under the licence and any other rights granted to the holder of the token; "Token" means the contractual, unique and transferable token on the Blockchain in accordance with the ERC-721 standard for the Lift Off Special Edition NFT and ERC-1155 standard for the Splashdown Open Edition NFT; “wallet" means a piece of software, a piece of hardware or another system for storing cryptographic keys (as defined below) that can be used to store, manage and/or dispose of tokens; "Wallet Address" means the public address of a wallet; “Website" means the website https://collect.adidas.com/ operated by adidas on which you can review all applicable terms and conditions.

2.CONCLUSION OF THE PURCHASE AGREEMENT. 2.1 for a limited period of time as indicated on the Minting Site, adidas presents a certain contingent of NFTs, which can be purchased by users against payment of the purchase price as set forth on the Minting Site ("Purchase Price"). The presentation of the NFTs by adidas does not constitute a binding offer to conclude a purchase agreement, but merely an invitation to you to submit a binding offer. Such a binding offer is depending on you truthfully providing all the data requested on the Minting Site, in particular your Wallet Address, and a) clicking the "buy token" button or b) transferring the purchase price in accordance with section 2.4. The adidas offer is only directed at persons who have reached the respective minimum legal age of the relevant jurisdiction. 2.2 after clicking the button referred to in section 2.1 and thereby submitting your offer, you have reserved an NFT for the limited period of 30 minutes or as otherwise indicated on the Minting Site. During this period, you have the opportunity to pay the purchase price. If the purchase price is not paid within this period, adidas will cancel the purchase process. In this case, you can initiate the purchase process again by submitting a new offer subject to section 2.1 above. 2.3 external transaction fees imposed by the Blockchain (so-called "transaction fees") can incur. These are costs associated with the allocation of the token and its modification on the Blockchain and cannot be influenced by adidas. They can only be determined immediately prior to the purchase of an NFT and should be communicated in the purchase process in your wallet. adidas has no obligation to calculate or display the transaction fees. You need to pay the transaction fees in addition to the purchase price, but adidas only receives the purchase price. 2.4 unless otherwise stated on the Minting Site, the payment of the purchase price shall be made in eth and includes the applicable statutory value added tax. You need to make the payment of the purchase price to the Wallet Address as indicated on the Minting Site. Adidas accepts your purchase offer by transferring the token to the Wallet Address you have provided and thereby also confirms the purchase. The acceptance by adidas is always subject to the payment of the full purchase price and the transaction fees in accordance with this section 2.4. 2.5 if adidas rejects your offer in accordance with these Mike Fogg T&Cs or you withdraw your offer before adidas accepts it or if you transfer less than the full purchase price to adidas, adidas will refund your payment within fourteen (14) days. Adidas is entitled to deduct transaction fees applicable to such refund. 2.6 unless otherwise stated on the Minting Site, adidas will provide the Artwork associated with the NFT as part of the NFT metadata. The Artwork will also be stored and provided via a distributed file storage system not controlled by adidas and adidas has no knowledge of how long the Artwork will be stored and retrievable from there. adidas is not obliged to store the Artwork and/or make it accessible. Adidas strongly recommends that you save a local copy of the Artwork.

3.YOUR WALLET. 3.1 purchasing the NFT via the minting site and any transfer of the token to you requires that you have a wallet which is compatible with the Blockchain ("Wallet"). adidas neither offers nor operates your wallet. You must ensure that your wallet has the necessary compatibility with the Blockchain. Details of supported wallets may be found on the minting site (note that we do not recommend particular wallets, you should do your own research). 3.2 please note that the management of the token after the transfer to your wallet is not part of adidas' service and is solely your responsibility. Adidas has no access to any wallet access data (as defined below) and can therefore neither dispose of nor control the tokens stored in your wallet. Adidas does not provide support with regard to your wallet. 3.3 you are fully responsible for the control of your wallet. Loss of control over your wallet may have the result that the token and the rights associated with the NFT can no longer be proven and that the NFT can no longer be resold. Against this background, adidas expressly underlines that it is your duty to ensure that your wallet, the associated passwords and access data, the cryptographic key and any recovery identifiers (seeds) (together and individually the "wallet access data") are treated confidentially and that you secure the wallet access data against access by third parties by means of appropriate technical and organizational measures. For technical reasons, adidas has no possibility to restore your wallet access data should you lose them.

4.LICENCE TO THE ARTWORK AND ADDITIONAL RIGHTS.4.1 By transferring the Token to you, adidas grants you a license - which you accept - to use the respective Artwork in accordance with the provisions in the license. 4.2 the lift off special edition NFT is associated with a right to receive a physical poster signed by the artist Mike Fogg ". The poster can only be collected on the event and the right to collect it is limited to the duration of the event. Should a holder of the NFT not have collected the poster on and during the event, the right to collect it lapses. adidas' obligation to provide you with the poster is subject to you proofing ownership of the token on and during the event. The right associated with the NFT to receive the posters expires with the handover of the poster to the claimant, regardless who the owner of the Token is. adidas may track the identifiers of the Tokens which do not entitle to receive a poster anymore. You are not allowed to claim the poster more than once with the same Token. When transferring the Token to a third party, you should inform such third party on whether the poster has already been claimed (i.e., whether the right to receive a poster has already expired). 4.3 the license and any claim under section 4.2 are subject to the condition precedent that you have obtained the Token in a lawful manner. As a rule, this condition is fulfilled at the moment you receive ownership of the Token, unless this receipt is not lawful, in particular, but not limited to, in the cases of (a) theft or any other unauthorized transfer of the token and (b) an unintentional transfer of the token to the Wallet Address of a third party. In such cases, adidas reserves the right, but is not obliged, to transfer the Token to the correct Wallet Address or, if necessary, to destroy (burn) the token (you are obliged to cooperate) and reissue the token to the rightful owner of the rights to the Artwork and other rights.

5.WARRANTY. 5.1 adidas warrants that, at the time of transfer to you, the Token corresponds to the standard market quality of the underlying standards, and the Artwork does not infringe any third-party intellectual property rights. adidas cannot assume any further warranty beyond the forementioned, in particular for the tradability of the NFT on third-party platforms and marketplaces and the compatibility with networks, infrastructures, Blockchains and wallets of third parties. 5.2 the availability, resolution and quality of the Artwork will depend on the device you are using and other factors beyond adidas' control, for which no warranty is given. 5.3 with regard to the Token, supplementary performance to cure a defect is only possible by destroying the defective token (burning) and issuing a new Token to your Wallet. You are obliged to cooperate in the burning of the defective Token in accordance with the instructions of adidas (e.g., by transferring the Token to a Wallet Address specified by adidas) and to accept a new Token if the contractual scope of functions is maintained and the acceptance does not lead to significant disadvantages for you. 5.4 you expressly agree and acknowledge that the value of virtual goods may change rapidly due to unforeseen circumstances. adidas does not warrant the current or future value of its NFTs. In all other respects, the statutory provisions applying to warranties shall apply.

6.RIGHT OF WITHDRAWAL. Consumers have a right of withdrawal in accordance with the following provisions;

7.LIABILITY. 7.1 in any case of simple negligence adidas is liable for the breach of a contractual obligation which gives distinction to this agreement and on which you may rely on (essential obligation) and limited to the typical and foreseeable damage only. The beforementioned shall not apply to culpable damage to life, body or health nor in cases of mandatory liability including without limitation liability for cases in which a procurement risk or a guarantee for damages has been assumed, under the Product Liability Act, liability under the GDPR, fraudulent concealment of a defect or in the event of default. 7.2 adidas shall not be liable for any damages resulting from any use or unauthorised modification of the NFT and/or the minting site by you or any third party in breach of these Mike Fogg T&Cs.

8.TRADEABILITY. 8.1 adidas itself does not operate a marketplace where the NFTs can be traded. 8.2 adidas does not bear any responsibility for marketplaces of third parties and neither undertakes to ensure nor warrants that the NFT is or will be tradable on any regulated or unregulated marketplace and/or that any third parties will attach a market value to the NFT. adidas is not under an obligation to obtain permission, approval or similar to trade, sell or exchange the NFT on marketplaces. It is possible that there will never be a marketplace for trading or selling the NFT. 8.3 resales on marketplaces may be subject to varying transaction fees (including gas fees, which may be significant) for the seller of the NFT. The transaction fees may include a commission for the benefit of the marketplace and/or for any third-party that was part of creating the NFT. The seller undertakes to use best efforts to provide the purchaser of the NFT with these Mike Fogg T&Cs, and to pass all obligations under these Mike Fogg T&Cs on to subsequent purchasers. You will be solely responsible for the payment of all taxes that may be applicable as a result of resales or transactions of the NFT.

9.DUTIES AND RISKS. 9.1 you are aware that you are responsible for ensuring that your use of the NFT is legally permissible. You must therefore make sure in each individual case of use that the specific use of the NFT is permitted (such as a public sale or making it available to the public). 9.2 you acknowledge that legal regulations in the areas of Blockchain-based services, cryptocurrencies and crypto assets may change, and that new regulations or guidelines may develop. New or changing regulations or interpretation of existing laws and regulations may adversely affect the qualification and/or transfer and/or viability and/or value of the NFTs in the future. 9.3 if there is reasonable suspicion that you have breached any obligation under these Mike Fogg T&Cs and you fail to remedy such breach within fourteen (14) days after being given notice to do so, adidas reserves the right to transfer the Token to the correct Wallet Address or, if applicable, to destroy (burn) the token (you are obliged to cooperate) and reissue (mint) it to the rightful owner of the rights to use the Artwork. A notice period is not required in the case of irremediable violations or in the case of serious violations, such as those based on intent.

10. ANTI-MONEY LAUNDERING. 10.1 you warrant that the NFT will not be used in any manner for any illegal or unethical purpose, including acts related to money laundering, terrorist financing or other acts that violate applicable law; that you will not use any proceeds of criminal or illegal acts; and that no transactions with the NFT will be used to facilitate or engage in criminal or illegal acts, including acts related to money laundering, terrorist financing or other acts that violate applicable law.10.2 you declare that during your ownership of the NFT you are not on a sanctions list of the United Nations, the European Union, the United States of America, or the Federal Republic of Germany; you neither (i) act on behalf (e.g. As a representative or messenger) for a natural or legal person included in one of the sanctions lists mentioned in a) nor (ii) directly or indirectly transfer assets of any kind to such a person; and you confirm that you are acting in your own economic interest only. 10.3 if any of the aforementioned events occurs before the token has been received by you, you undertake to inform adidas without undue delay and to suspend all transactions and actions in connection with the token without undue delay until the event ceases to exist. 10.4 you must comply with all applicable sanctions, embargo and (re-)export control regulations, and definitely those of the European Union, the United States of America, the Federal Republic of Germany and locally applicable jurisdiction(s) (collectively "export law"). Except as permitted under export law or in accordance with corresponding official licences or approvals, you may not, in particular, (i) download, install, access or use the token and any related documentation (collectively the "delivery items") at any location where access is prohibited or restricted on grounds of comprehensive sanctions (currently Cuba, Iran, North Korea, Syria and the Crimea, Donetsk and Luhansk regions of Ukraine) or requires a licence under export law; (ii) allow a natural or legal person on a sanctions list under the export law to access the delivery items, transfer them, (re-)export them (including deemed (re-)exports) or provide them in another manner; (iii) use the delivery items for a purpose prohibited under export law (e.g. In connection with armaments, nuclear technology or weapons); (iv) enable the above activities by a user of the delivery items. You will provide adidas with all information about the user(s), the intended use and the place of use of the delivery items without undue delay after being requested to do so. The performance of the agreement by adidas is subject to the performance not being hindered by national or international foreign trade law regulations or embargos and/or other sanctions.

11.EU DISPUTE RESOLUTION. In accordance with Art. 14 (1) of Regulation (EU) No. 524/2013 on Online Dispute Resolution (ODR Regulation), adidas is legally obliged to refer you to the European Online Dispute Resolution Platform (ODR Platform) of the European Commission. You can reach this at http://ec.eoropa.eu/consumers/odr/. adidas does not participate in dispute resolution proceedings before a consumer arbitration board and is not obliged to do so.

12.MISCELLANEOUS. Should one or more provisions of these Mike Fogg T&Cs be or become invalid or unenforceable in whole or in part, this shall not affect the validity and enforceability of the remaining provisions of these Mike Fogg T&Cs. In place of any standard terms of business which are invalid or not incorporated in these Mike Fogg T&Cs, the statutory provisions shall apply (section 306 (2) BGB). In all other cases, the parties shall replace the void or invalid provision with a valid provision which reflects as closely as possible the original economic purpose of the void or invalid provision, unless a supplementary interpretation of these Mike Fogg T&Cs takes precedence or is possible. adidas' privacy policy can be found at https://www.adidas.com/metaverse/privacy . The privacy policy is not subject to these Mike Fogg T&Cs.

ADIDAS ORIGINALS X BAPE TERMS AND CONDITIONS

For the purpose of these terms, "adidas" shall mean the adidas International Trading AG, located at Platz 1b, Root D4, Luzern, 6039, Switzerland. These terms and conditions ("BAPE T&C") apply to the purchase of a Wrapped NFT (as defined below) through the "BAPE Auction" ("Auction") by the contracting party ("You") from adidas as well as to the exchange of the Wrapped NFT for an Unwrapped NFT (as defined below) and a pair of Physical Sneakers (as defined below).

1. DEFINITIONS

In these BAPE T&C the following terms have the meanings ascribed to them herein:

(a) "Auction Site" means the website which is operated by adidas and via which You can purchase the Wrapped NFT through the Auction, and which refers to these BAPE T&C.

(b) "Blockchain" means the Ethereum mainnet blockchain.

(c) “Claim Platform” means a website operated by eShop World which adidas provides for the claim process.

(d) "ETH" means the native cryptocurrency of the Blockchain.

(e) "License" means the license terms applicable to the Digital Sneakers and as referenced on the Auction Site, Redemption Site or linked in the meta data of the respective Token and published as "Terms and Conditions for NFT" on the Website.

(f) "MoonPay" means a third-party service provider MoonPay, which provides services such as fiat on ramp and off ramp and a Wallet to a user on the basis of separate agreements; the MoonPay entity a user is contracting with may depend on the country of residence of the user.

(g) "NFT" means the Wrapped NFT and/or the Unwrapped NFT.

(h) "Physical Sneakers" means a pair of physical "Adidas Originals X BAPE - Forum 84 Low Limited Edition Sneakers" in the size indicated in Your Wrapped NFT.

(i) "Redemption Site" means the Website which is operated by adidas and via which You can redeem Your Wrapped NFT during the Redemption Period.

(j) "Token" means the contractual, unique and transferable token on the Blockchain in accordance with the ERC-721 standard.

(k) "Transaction Fees" are external transaction fees imposed by the Blockchain and associated with the allocation of a Token and/or ETH on the Blockchain.

(l) "Unwrapped Digital Sneaker" means a digital version of the Physical Sneakers, as referred to in the metadata of the Unwrapped NFT.

(m) "Unwrapped NFT" means a Token which You get in exchange for Your Wrapped NFT upon Redemption, together with the rights of use to the Unwrapped Digital Sneakers represented by the Token of the Unwrapped NFT under a License and any other rights granted to the holder of the Token.

(n) "Wallet" means a piece of software, a piece of hardware or another system for storing cryptographic keys that can be used to store, manage and/or dispose of Tokens.

(o) "Wallet Address" means the public address of a Wallet.

(p) "Website” means the website https://collect.adidas.com/ operated by adidas.

(q) "Wrapped Digital Sneakers" means a digital version of the Physical Sneakers, as referred to in the metadata of the Wrapped NFT, and that may be wrapped or otherwise indicate that the Wrapped NFT has not been redeemed yet.

(r) " Wrapped NFT" means a Token together with the rights of use in a Wrapped Digital Sneaker represented by the Token under a Licence and any other rights granted to the holder of such Token, in particular a right to claim an Unwrapped NFT and Physical Sneakers in accordance with section 5.5.

2. AUCTION

2.1 adidas presents a certain contingent of Wrapped NFTs representing certain shoe sizes for Physical Sneakers on the Auction Site, which can be purchased through the Auction for a limited period of time as indicated on the Auction Site (the point in time this period expires is hereinafter referred to as the "End of the Auction").

2.2 Adidas' presentation of the Wrapped NFTs on the Auction Site constitutes a binding offer to sell those Wrapped NFTs, in each case referring to a specific shoe size, to the users who have submitted one of the highest bid for purchasing such Wrapped NFT from adidas at the End of the Auction (the respective purchase agreement is hereinafter referred to as the "Purchase Agreement").

2.3 You can accept the binding offer of adidas to conclude a Purchase Agreement by selecting a Wrapped NFT referring to a specific show size, entering a bid in ETH ("Bid"), clicking "Place Bid", signing the respective transaction in Your Wallet, and transferring Your Bid in accordance with section 3. Your acceptance of adidas' offer is subject to Your Bid being the highest bid at the End of the Auction. If another user places a higher bid before the End of the Auction, Your acceptance expires. Until the End of the Auction, Your acceptance of the Purchase Agreement is binding for You.

2.4 Upon transfer of Your Bid to adidas by clicking " Place Bid" and signing the respective transaction in Your Wallet, Your Bid will be locked until the End of the Auction or until Your Bid no longer ranks among the highest bids and You will not be able to dispose on the transferred ETH of Your Bid. All bids transferred during the Auction are locked until the End of the Auction or until Your Bid no longer ranks among the highest bids in order to prevent users to push prices up.

2.5 If another user places a higher bid that causes Your bid to no longer be among the highest bids for the NFT activation, Your bid will be deemed unsuccessful and we will promptly return the ETH you submitted to the Wallet address you provided. You may then choose to place a new bid at a higher value.

2.6 Until the End of the Auction, users can place their bids and the current highest bid for the respective Wrapped NFTs will be indicated on the Auction Site.

2.7 Adidas reserves the right to extend the Auction or to cancel the Auction and relaunch it at a later date due to unforeseeable service interruptions or technical problems that cause an Auction to be inaccessible.

2.8 The offer of adidas to conclude a Purchase Agreement through the Auction is only directed at a) natural persons who have reached the respective minimum legal age of the relevant jurisdiction and b) legal and natural persons who have their residence in a country that is indicated on the list of supported countries on the Auction Site.

3. BIDS

3.1 Unless otherwise stated on the Auction Site, Bids shall be transferred to adidas in the cryptocurrency ETH and include the applicable statutory value added tax.

3.2 You can pay and transfer Your Bid a) by connecting and using a Wallet in accordance with section 6 or b) by using services offered by MoonPay. Adidas neither offers nor operates Your Wallet nor does adidas provide the MoonPay services. MoonPay services may be subject to further requirements (e.g., creation of an account, know your customer (KYC)) and in whole or partly not be available in Your country of residence.

3.3 Transaction Fees apply to the transfer of your Bid to adidas. Such Transaction Fees should be communicated in Your Wallet or via the MoonPay services. Adidas has no obligation to calculate or display the Transaction Fees. You need to pay the Transaction Fees in addition to the Bid, but adidas only receives the Bid.

4. BIDS OF HOLDERS OF "ALTS BY ADIDAS SOLES EGO" & (B)APETAVERSE NFTS

If the Wallet You are connecting to the Auction Site to transfer Your Bid holds an "ALTS BY ADIDAS SOLES EGO" NFT provided by adidas, or the (B)APETAVERSE NFT provided by BAPE, each Bid that You transfer in accordance with section 3will be automatically increased by ten (10) % of the amount of ETH of Your Bid (“Bid Bonus”).

The eligibility for the Bid Bonus is determined based on a snapshot of the Wallet taken at 12:00 PM CEST / 7:00 PM JST / 6:00 AM EDT on Tuesday, 20th of August 2023 (the "Snapshot Time"). To qualify for the Bid Bonus, you must hold the "ALTS BY ADIDAS SOLES EGO" NFT or the "BAPE-TAVERSE" NFT in the Wallet at the Snapshot Time. Additionally, you must use the same Wallet that held the eligible NFT at the Snapshot Time to participate in the auction and transfer your bid. Any bids transferred from a different Wallet or from a Wallet that did not hold the eligible NFT at the Snapshot Time will not qualify for the Bid Bonus.

5. END OF THE AUCTION: TRANSFER OF THE WRAPPED NFT

5.1 If Your Bid is the highest Bid at the End of the Auction, adidas transfers the Token of the Wrapped NFT to the Wallet Address of Your Wallet. Any Transaction Fees applicable for the transfer of the Token will be incurred by adidas. Unless otherwise stated on the Auction Site, adidas will provide a link to the Wrapped Digital Sneakers associated with the Wrapped NFT as part of the metadata of the Wrapped NFT.

5.2 If Your Bid is not the highest Bid at the End of the Auction, adidas will refund the amount of Your Bid within 48 hours. Any Transaction Fees applicable to such refund will be incurred by adidas.

6. REDEMPTION

Upon End of the Auction and during a period of time as indicated on the Auction Site, the Redemption Site or otherwise by adidas (this period is hereinafter referred to as the "Redemption Period"), holders of a Wrapped NFT can redeem their Wrapped NFT against an Unwrapped NFT and a pair of Physical Sneakers (the respective agreement is hereinafter referred to as the "Redemption Agreement"):

6.1 In order to redeem a Wrapped NFT and to claim the Unwrapped NFT and the pair of Physical Sneakers, You have to connect Your Wallet holding the Wrapped NFT to the Redemption Site and truthfully and completely provide all the data requested (e.g., your country or US-state of residency), including a shipping address located in a country indicated on the list of supported countries on the Redemption Site. By clicking "Redeem NFT Now" and signing the respective transaction in Your Wallet, You transfer the Token of the Wrapped NFT to a Wallet Address indicated by adidas and thereby burn Your Token ("Redemption"). Upon the Redemption of Your Wrapped NFT, You will no longer be able to dispose of the Token and the License for the Wrapped Digital Sneaker expires, meaning that You are no longer allowed to use the Wrapped Digital Sneakers (in particular not to use it to offer Tokens to third parties). Any Transaction Fees applicable to Redemption are incurred by You.

6.2 Redemption is only possible during the Redemption Period.

6.3 In exchange for the Redemption of Your Wrapped NFT, You have the option to receive an Unwrapped NFT.

Adidas transfers the Token of the Unwrapped NFT to Your Wallet within 24 hours after Redemption; Transaction Fees applicable to such transfer are incurred by adidas.

Unless otherwise stated on the Redemption Site, adidas will provide a link to the Unwrapped Digital Sneakers as part of the metadata of the Unwrapped NFT. The Unwrapped Digital Sneakers will also be stored on and provided via the domain assets.adidas.land. . However, while adidas will strive to maintain availability, adidas does neither warrant nor guarantee to indefinitely store the Unwrapped Digital Sneakers or ensure their accessibility. In the event adidas decides to change the provision of the Unwrapped Digital Sneakers, adidas will, upon a reasonable notice period, allow You to secure Your Unwrapped Digital Sneaker. adidas strongly recommends that You to take active measures on your part and save a local copy of the Unwrapped Digital Sneakers.

6.4 In exchange for the Redemption of Your Wrapped NFT You have the option to receive one pair of Physical Sneakers at no additional costs.

You may claim Your Physical Sneakers through Redemption of Your Wrapped NFT on the Claim Platform by clicking the button “Confirm Claim”. These BAPE T&Cs will prevail in case of contradictions with any other applicable terms and conditions on the Claim Platform.

The Sneakers will be shipped to the shipping address provided by You on the Claim Platform within fourteen (14) days upon the end of the Redemption Period. The right associated with the Wrapped NFT to receive the Sneakers expires with the delivery of the Sneakers to the shipping address provided on the Claim Platform, regardless of who the holder of the Token of the Wrapped NFT is.

6.5 For clarification: The Token of an Unwrapped NFT does not entitle to a right to claim Physical Sneakers if the Unwrapped NFT has already been used to claim a Physical Sneaker.

7. LICENCE TO DIGITAL SNEAKERS AND ADDITIONAL RIGHTS

7.1 By transferring a Token of a Wrapped NFT or Unwrapped NFT to You, adidas grants You usage rights – which You accept – to use the respective Wrapped Digital Sneakers or Unwrapped Digital Sneakers in accordance with the provisions in the License.

7.2 The grant of the usage rights is subject to the condition precedent that You have obtained the respective Token in a lawful manner. As a rule, this condition is fulfilled at the moment You receive ownership of the Token, unless this receipt is not lawful, in particular, but not limited to, in cases of (a) theft or any other unauthorized transfer of the Token and/or (b) an unintentional transfer of the Token to the Wallet Address of a third party. In such cases, adidas reserves the right, but is not obliged, to transfer the Token to the correct Wallet Address or, if necessary, to destroy (burn) the Token (You are obliged to cooperate in each case) and reissue the Token to the rightful owner of the rights to the Wrapped Digital Sneakers or Unwrapped Digital Sneakers and other rights.

8. YOUR WALLET

8.1 You are required to use and connect a Wallet for the transfer of Your Bid in order to purchase a Wrapped NFT via the Auction Site and to receive Your Wrapped NFT and for the Redemption of Your Wrapped NFT and to receive Your Unwrapped NFT.

8.2 You must ensure that the Wallet used by You has the necessary compatibility with the Blockchain and that You can receive Tokens on Your Wallet (note that some Wallets of wallet providers may not accept ERC-721 tokens; please consult your wallet provider for details). Details of supported Wallets may be found on the Auction Site or Redemption Site (note that we do not recommend particular Wallets, You should do Your own research).

8.3 Please note that the management of the Token after the transfer to Your Wallet is not part of adidas' service and is solely Your responsibility. adidas has no access to any Wallet Access Data (as defined below) and can therefore neither dispose of nor control the Tokens stored in Your Wallet. adidas does not provide support with regard to Your Wallet.

8.4 You are fully responsible for the control of Your Wallet. Loss of control over Your Wallet may have the result that the Token and the rights associated with the Wrapped NFT or the Unwrapped NFT can no longer be proven and that the Wrapped NFT or the Unwrapped NFT can no longer be resold. Against this background, adidas expressly underlines that it is Your duty to ensure that Your Wallet, the associated passwords and access data, the cryptographic key and any recovery identifiers (seeds) (together and individually the "Wallet Access Data") are treated confidentially and that You secure the Wallet Access Data against access by third parties by means of appropriate technical and organizational measures. For technical reasons, adidas has no possibility to restore Your Wallet Access Data in case You lose them.

9. WARRANTY

9.1 adidas warrants that, at the time of transfer to You, the respective Token corresponds to the standard market quality of the underlying standards, and the Wrapped Digital Sneakers or Unwrapped Digital Sneakers do not infringe any third-party intellectual property rights. adidas cannot assume any further warranty beyond the forementioned, in particular for the tradability of a Wrapped NFT or an Unwrapped NFT on third-party platforms and marketplaces and the compatibility with networks, infrastructures, blockchains and wallets of third parties.

9.2 The availability, resolution and quality of the Wrapped Digital Sneakers or the Unwrapped Digital Sneakers will depend on the device You are using and other factors beyond adidas' control, for which no warranty is given.

9.3 With regard to the Token, supplementary performance to cure a defect is only possible by destroying the defective Token (burning) and issuing a new Token to Your Wallet. You are obliged to cooperate in the burning of the defective Token in accordance with the instructions of adidas (e.g., by transferring the Token to a Wallet Address specified by adidas) and to accept a new Token if the contractual scope of functions is maintained and the acceptance does not lead to significant disadvantages for You.

9.4 You expressly agree and acknowledge that the value of virtual goods may change rapidly due to unforeseen circumstances. adidas does not warrant the current or future value of its NFTs.

9.5 In all other respects regarding the Token, the statutory warranty provisions shall apply (§§ 327 et seq., 453, 433 et seq. of the German Civil Code (BGB)).

10. RIGHT OF WITHDRAWAL

Consumers have a right of withdrawal for the Purchase Agreement and/or the Redemption Agreement in accordance with the following provisions:

11. LIABILITY

11.1 In any case of simple negligence adidas is liable for the breach of a contractual obligation which gives distinction to these BAPE T&C and underlying agreements and on which You may rely on (essential obligation) and limited to the typical and foreseeable damage only. The aforementioned shall not apply to culpable damage to life, body or health nor in cases of mandatory liability including without limitation liability for cases in which a procurement risk or a guarantee for damages has been assumed, under the Product Liability Act, liability under the GDPR or fraudulent concealment of a defect.

11.2 adidas shall not be liable for any damages resulting from any use or unauthorised modification of an NFT and/or the Auction Site or Redemption Site by You or any third party in breach of these BAPE T&C.

12. TRADABILITY

12.1 adidas itself does not operate a marketplace where the NFTs can be traded.

12.2 adidas does not bear any responsibility for marketplaces of third parties and neither undertakes to ensure nor warrants that the NFT is or will be tradable on any regulated or unregulated marketplace and/or that any third parties will attach a market value to the NFT. adidas is not under an obligation to obtain permission, approval or similar to trade, sell or exchange the NFT on marketplaces. It is possible that there will never be a marketplace for trading or selling the NFT.

12.3 Resales on marketplaces may be subject to varying transaction fees (including gas fees, which may be significant) for the seller of the NFTs. The transaction fees may include a commission for the benefit of the marketplace and/or for any third party that was part of creating the NFT. The seller undertakes to use best efforts to provide the purchaser of the NFT with these BAPE T&C, and to pass all obligations under these BAPE T&C on to subsequent purchasers. You will be solely responsible for the payment of all taxes that may be applicable as a result of resales or transactions of the NFT.

13. DUTIES AND RISK

13.1 You are aware that You are responsible for ensuring that Your use of the NFT is legally permissible. You must therefore make sure that any of Your use of the NFT is permitted (such as a public sale or making it available to the public).

13.2 You acknowledge that legal regulations in the areas of blockchain-based services, cryptocurrencies and crypto assets may change, and that new regulations or guidelines may develop. New or changing regulations or interpretation of existing laws and regulations may adversely affect the qualification and/or transfer and/or viability and/or value of the NFTs in the future.

13.3 If there is reasonable suspicion that You have breached any obligation under these BAPE T&C and You fail to remedy such breach within fourteen (14) days after being given notice to do so, adidas reserves the right to transfer the Token to the correct Wallet Address or, if applicable, to destroy (burn) the Token (You are obliged to cooperate) and reissue (mint) it to the rightful owner of the rights to use the Wrapped Digital Sneakers or the Unwrapped Digital Sneakers. A notice period is not required in the case of irremediable violations or in the case of serious violations, such as those based on intent.

14. ANTI-MONEY LAUNDERING

14.1 You warrant,

a) that the NFT will not be used in any manner for any illegal or unethical purpose, including acts related to money laundering, terrorist financing or other acts that violate applicable law;

b) that You will not use any proceeds of criminal or illegal acts; and

c) that no transactions with the NFT will be used to facilitate or engage in criminal or illegal acts, including acts related to money laundering, terrorist financing or other acts that violate applicable law.

14.2 You declare that during Your ownership of the NFT

a) You are not on a sanctions list of the United Nations, the European Union, the United States of America, or the Federal Republic of Germany;

b) You neither (i) act on behalf (e.g. as a representative or messenger) for a natural or legal person included in one of the sanctions lists mentioned in a) nor (ii) directly or indirectly transfer assets of any kind to such a person.

14.3 If any of the aforementioned events within the meaning of section 16.2 occurs before the respective Token has been received by You, You undertake to inform adidas without undue delay and to suspend all transactions and actions in connection with such Token without undue delay until the event ceases to exist.

14.4 You must comply with all applicable sanctions, embargo and (re-)export control regulations, including those of the European Union, the United States of America, the Federal Republic of Germany and locally applicable jurisdiction(s) (collectively "Export Law"). Except as permitted under Export Law or in accordance with corresponding official licences or approvals, You may not, in particular, (i) download, install, access or use the Token and any related documentation (collectively the "Delivery Items") at any location where access is prohibited or restricted on grounds of comprehensive sanctions (currently Cuba, Iran, North Korea, Syria and the Crimea, Donetsk and Luhansk regions of Ukraine) or requires a licence under Export Law; (ii) allow a natural or legal person on a sanctions list under the Export Law to access the Delivery Items, transfer them, (re-)export them (including deemed (re-)exports) or provide them in another manner; (iii) use the Delivery Items for a purpose prohibited under Export Law (e.g. in connection with armaments, nuclear technology or weapons); (iv) enable the above activities by a user of the Delivery Items. You will provide adidas with all information about the user(s), the intended use and the place of use of the Delivery Items without undue delay after being requested to do so.

14.5 The performance of the agreement by adidas is subject to the performance not being hindered by national or international foreign trade law regulations or embargos and/or other sanctions.

14.6 You confirm that You are acting in Your own economic interest only.

15. PRIVACY POLICY

adidas' privacy policy can be found at https://www.adidas.com/metaverse/privacy ; the privacy policy is not subject to these BAPE T&C.

16. EU DISPUTE RESOLUTION

16.1 In accordance with Art. 14 (1) of Regulation (EU) No. 524/2013 on Online Dispute Resolution (ODR Regulation), adidas is legally obliged to refer You to the European Online Dispute Resolution platform (ODR platform) of the European Commission. You can reach this at http://ec.eoropa.eu/consumers/odr/.

16.2 adidas does not participate in dispute resolution proceedings before a consumer arbitration board and is not obliged to do so.

17. CHOICE OF LAW AND JURISDICTION

17.1 These BAPE T&C and their interpretation and any non-contractual obligations in connection with them are subject to German substantive law. As far as applicable, the UN Convention on Contracts for the International Sale of Goods (CISG) shall not apply.

17.2 Exclusive place of jurisdiction for all disputes regarding rights and duties under these BAPE T&C, including their validity shall be Nuremberg, Germany.

18. MISCELLANEOUS

18.1 Should one or more provisions of these BAPE T&C be or become invalid or unenforceable in whole or in part, this shall not affect the validity and enforceability of the remaining provisions of these BAPE T&C. In place of any standard terms of business which are invalid or not incorporated in these BAPE T&C, the statutory provisions shall apply (section 306 (2) BGB). In all other cases, the parties shall replace the void or invalid provision with a valid provision which reflects as closely as possible the original economic purpose of the void or invalid provision, unless a supplementary interpretation of these BAPE T&C takes precedence or is possible.

ADIDAS X CRAZYFAST BUGATTI TERMS AND CONDITIONS

For the purpose of these terms, "adidas" shall mean the adidas International Trading AG, located at Platz 1b, Root D4, Luzern, 6039, Switzerland. These terms and conditions ("BUGATTI T&C") apply to the purchase of a Wrapped NFT (as defined below) through the "BUGATTI Auction" ("Auction") by the contracting party ("You") from adidas as well as to the exchange of the Wrapped NFT for an Unwrapped NFT (as defined below) and a pair of Physical Sneakers (as defined below).

1. DEFINITIONS

In these BUGATTI T&C the following terms have the meanings ascribed to them herein:

(a) "Auction Site" means the website which is operated by adidas and via which You can purchase the Wrapped NFT through the Auction, and which refers to these BUGATTI T&C.

(b) "Blockchain" means the Ethereum mainnet blockchain.

(c) “Claim Platform” means a website operated by eShop World which adidas provides for the claim process.

(d) "ETH" means the native cryptocurrency of the Blockchain.

(e) "License" means the license terms applicable to both the Unwrapped and Wrapped Digital Sneakers and as referenced on the Auction Site, Redemption Site or linked in the meta data of the respective Token and published as "Terms and Conditions for NFT" on the Website.

(f) "MoonPay" means a third-party service provider MoonPay, which provides services such as fiat on ramp and off ramp and a Wallet to a user on the basis of separate agreements; the MoonPay entity a user is contracting with may depend on the country of residence of the user.

(g) "NFT" means the Wrapped NFT and/or the Unwrapped NFT.

(h) "Physical Sneakers" means a pair of physical "adidas x Crazyfast Bugatti” football shoes - in the size indicated in Your Wrapped NFT.

(i) "Redemption Site" means the Website which is operated by adidas and via which You can redeem Your Wrapped NFT during the Redemption Period.

(j) "Token" means the contractual, unique and transferable token on the Blockchain in accordance with the ERC-721 standard.

(k) "Transaction Fees" are external transaction fees imposed by the Blockchain and associated with the allocation of a Token and/or ETH on the Blockchain.

(l) "Unwrapped Digital Sneaker" means a digital version of the Physical Sneakers, as referred to in the metadata of the Unwrapped NFT.

(m) "Unwrapped NFT" means a Token which You get in exchange for Your Wrapped NFT upon Redemption, together with the rights of use to the Unwrapped Digital Sneakers represented by the Token of the Unwrapped NFT under a License and any other rights granted to the holder of the Token.

(n) "Wallet" means a piece of software, a piece of hardware or another system for storing cryptographic keys that can be used to store, manage and/or dispose of Tokens.

(o) "Wallet Address" means the public address of a Wallet.

(p) "Website” means the website https://collect.adidas.com/ operated by adidas.

(q) "Wrapped Digital Sneakers" means a digital version of the Physical Sneakers, as referred to in the metadata of the Wrapped NFT, and that may be wrapped or otherwise indicate that the Wrapped NFT has not been redeemed yet.

(r) " Wrapped NFT" means a Token together with the rights of use in a Wrapped Digital Sneaker represented by the Token under a Licence and any other rights granted to the holder of such Token, in particular a right to claim an Unwrapped NFT and Physical Sneakers in accordance with section 5.5.

2. AUCTION

2.1 adidas presents a certain contingent of Wrapped NFTs representing certain shoe sizes for Physical Sneakers on the Auction Site, which can be purchased through the Auction for a limited period of time as indicated on the Auction Site (the point in time this period expires is hereinafter referred to as the "End of the Auction").

2.2 adidas' presentation of the Wrapped NFTs on the Auction Site constitutes a binding offer to sell those Wrapped NFTs, in each case referring to a specific shoe size, to the users who have submitted the highest bids for purchasing such Wrapped NFT from adidas at the End of the Auction (the respective purchase agreement is hereinafter referred to as the "Purchase Agreement").

2.3 You can accept the binding offer of adidas to conclude a Purchase Agreement by selecting a Wrapped NFT referring to a specific show size, entering a bid in ETH ("Bid"), clicking "Place Bid", signing the respective transaction in Your Wallet, and transferring Your Bid in accordance with section 3. Your acceptance of adidas' offer is subject to Your Bid being the maximum bid at the End of the Auction. If another user places a higher bid before the End of the Auction, Your acceptance expires. Until the End of the Auction, Your acceptance of the Purchase Agreement is binding for You.

2.4 Upon transfer of Your Bid to adidas by clicking "Confirm and Pay Bid" and signing the respective transaction in Your Wallet, Your Bid will be locked until the End of the Auction and You will not be able to dispose on the transferred ETH of Your Bid. All bids transferred during the Auction are locked until the End of the Auction in order to prevent users to push prices up.

2.5 If another user enters a higher bid, Your initial bid of ETH will be automatically returned to You. To place a higher bid, You will be required to submit a new Bid in its entirety.

2.6 Until the End of the Auction, users can place their bids and the current maximum bid for the respective Wrapped NFTs will be indicated on the Auction Site.

2.7 adidas reserves the right to extend the Auction or to cancel the Auction and relaunch it at a later date due to unforeseeable service interruptions or technical problems that cause an Auction to be inaccessible.

2.8 The offer of adidas to conclude a Purchase Agreement through the Auction is only directed at a) natural persons who have reached the respective minimum legal age of the relevant jurisdiction and b) legal and natural persons who have their residence in a country that is indicated on the list of supported countries on the Auction Site.

3. BIDS

3.1 Unless otherwise stated on the Auction Site, Bids shall be transferred to adidas in the cryptocurrency ETH and include the applicable statutory value added tax.

3.2 You can pay and transfer Your Bid a) by connecting and using a Wallet in accordance with section 6 or b) by using services offered by MoonPay. adidas neither offers nor operates Your Wallet nor does adidas provide the MoonPay services. MoonPay services may be subject to further requirements (e.g., creation of an account, know your customer (KYC)) and in whole or partly not be available in Your country of residence.

3.3 Transaction Fees apply to the transfer of your Bid to adidas. Such Transaction Fees should be communicated in Your Wallet or via the MoonPay services. adidas has no obligation to calculate or display the Transaction Fees. You need to pay the Transaction Fees in addition to the Bid, but adidas only receives the Bid.

4. BIDS OF HOLDERS OF "ALTS BY ADIDAS STRIKES EGO" AND “ASPREY BUGATTI” NFTS

If the Wallet You are connecting to the Auction Site to transfer Your Bid holds an "ALTS BY ADIDAS STRIKES EGO" NFT provided by adidas or an “ASPREY BUGATTI” provided by Bugatti (0xb92b8d7e45c0f197A8236c8345b86765250BAF7c), each Bid that You transfer in accordance with section 3 will be automatically increased by ten (10) % of the amount of ETH of Your Bid.

5. END OF THE AUCTION: TRANSFER OF THE WRAPPED NFT OR REFUND

5.1 If Your Bid is the highest Bid at the End of the Auction, adidas shall transfer the Token of the Wrapped NFT to the Wallet Address of Your Wallet. The amount You pay for the Bid is determined by the lowest winning Bid done to the same representative size of the Wrapped NFT.

For example, if You bid 1 ETH but the lowest winning bid is 0.5 ETH, You will be refunded the difference of 0.5 ETH within 48 hours after the auction closes.

5.2 For Any Transaction Fees applicable for the transfer of the Token will be incurred by adidas. Unless otherwise stated on the Auction Site, adidas will provide a link to the Wrapped Digital Sneakers associated with the Wrapped NFT as part of the metadata of the Wrapped NFT.

6. REDEMPTION

Upon End of the Auction and during a period of time as indicated on the Auction Site, the Redemption Site or otherwise by adidas (this period is hereinafter referred to as the "Redemption Period"), holders of a Wrapped NFT can redeem their Wrapped NFT against an Unwrapped NFT and a pair of Physical Sneakers (the respective agreement is hereinafter referred to as the "Redemption Agreement"):

6.1 In order to redeem a Wrapped NFT and to claim the Unwrapped NFT and the pair of Physical Sneakers, You have to connect Your Wallet holding the Wrapped NFT to the Redemption Site and truthfully and completely provide all the data requested (e.g., your country or US-state of residency), including a shipping address located in a country indicated on the list of supported countries on the Redemption Site. By clicking "Redeem NFT Now" and signing the respective transaction in Your Wallet, You transfer the Token of the Wrapped NFT to a Wallet Address indicated by adidas and thereby burn Your Token ("Redemption"). Upon the Redemption of Your Wrapped NFT, You will no longer be able to dispose of the Token and the License for the Wrapped Digital Sneaker expires, meaning that You are no longer allowed to use the Wrapped Digital Sneakers (in particular not to use it to offer Tokens to third parties). Any Transaction Fees applicable to Redemption are incurred by You.

6.2 Redemption is only possible during the Redemption Period.

6.3 In exchange for the Redemption of Your Wrapped NFT, You have the option to receive an Unwrapped NFT.

adidas transfers the Token of the Unwrapped NFT to Your Wallet within 24 hours after Redemption; Transaction Fees applicable to such transfer are incurred by adidas.

Unless otherwise stated on the Redemption Site, adidas will provide a link to the Unwrapped Digital Sneakers as part of the metadata of the Unwrapped NFT. The Unwrapped Digital Sneakers will also be stored on and provided via the domain assets.adidas.land. . However, while adidas will strive to maintain availability, adidas does neither warrant nor guarantee to indefinitely store the Unwrapped Digital Sneakers or ensure their accessibility. In the event adidas decides to change the provision of the Unwrapped Digital Sneakers, adidas will, upon a reasonable notice period, allow You to secure Your Unwrapped Digital Sneaker. adidas strongly recommends that You to take active measures on your part and save a local copy of the Unwrapped Digital Sneakers.

6.4 In exchange for the Redemption of Your Wrapped NFT You have the option to receive one pair of Physical Sneakers at no additional costs.

You may claim Your Physical Sneakers through Redemption of Your Wrapped NFT on the Claim Platform by clicking the button “Confirm Claim”. These BUGATTI T&Cs will prevail in case of contradictions with any other applicable terms and conditions on the Claim Platform.

The Sneakers will be shipped to the shipping address provided by You on the Claim Platform within fourteen (14) days upon the end of the Redemption Period. The right associated with the Wrapped NFT to receive the Sneakers expires with the delivery of the Sneakers to the shipping address provided on the Claim Platform, regardless of who the holder of the Token of the Wrapped NFT is.

6.5 For clarification: The Token of an Unwrapped NFT does not entitle to a right to claim Physical Sneakers if the Unwrapped NFT has already been used to claim a Physical Sneaker.

7. LICENCE TO DIGITAL SNEAKERS AND ADDITIONAL RIGHTS

7.1 By transferring a Token of a Wrapped NFT or Unwrapped NFT to You, adidas grants You usage rights – which You accept – to use the respective Wrapped Digital Sneakers or Unwrapped Digital Sneakers in accordance with the provisions in the License.

7.2 The grant of the usage rights is subject to the condition precedent that You have obtained the respective Token in a lawful manner. As a rule, this condition is fulfilled at the moment You receive ownership of the Token, unless this receipt is not lawful, in particular, but not limited to, in cases of (a) theft or any other unauthorized transfer of the Token and/or (b) an unintentional transfer of the Token to the Wallet Address of a third party. In such cases, adidas reserves the right, but is not obliged, to transfer the Token to the correct Wallet Address or, if necessary, to destroy (burn) the Token (You are obliged to cooperate in each case) and reissue the Token to the rightful owner of the rights to the Wrapped Digital Sneakers or Unwrapped Digital Sneakers and other rights.

8. YOUR WALLET

8.1 You will be required to use and connect a Wallet for the transfer of Your Bid in order to purchase a Wrapped NFT via the Auction Site and to receive Your Wrapped NFT and for the Redemption of Your Wrapped NFT and to receive Your Unwrapped NFT.

8.2 You must ensure that the Wallet used by You has the necessary compatibility with the Blockchain and that You can receive Tokens on Your Wallet (note that some Wallets of wallet providers may not accept ERC-721 tokens; please consult your wallet provider for details). Details of supported Wallets may be found on the Auction Site or Redemption Site (note that we do not recommend particular Wallets, You should do Your own research).

8.3 Please note that the management of the Token after the transfer to Your Wallet is not part of adidas' service and is solely Your responsibility. adidas has no access to any Wallet Access Data (as defined below) and can therefore neither dispose of nor control the Tokens stored in Your Wallet. adidas does not provide support with regard to Your Wallet.

8.4 You are fully responsible for the control of Your Wallet. Loss of control over Your Wallet may have the result that the Token and the rights associated with the Wrapped NFT or the Unwrapped NFT can no longer be proven and that the Wrapped NFT or the Unwrapped NFT can no longer be resold. Against this background, adidas expressly underlines that it is Your duty to ensure that Your Wallet, the associated passwords and access data, the cryptographic key and any recovery identifiers (seeds) (together and individually the "Wallet Access Data") are treated confidentially and that You secure the Wallet Access Data against access by third parties by means of appropriate technical and organizational measures. For technical reasons, adidas has no possibility to restore Your Wallet Access Data in case You lose them.

9. WARRANTY

9.1 adidas warrants that, at the time of transfer to You, the respective Token corresponds to the standard market quality of the underlying standards, and the Wrapped Digital Sneakers or Unwrapped Digital Sneakers do not infringe any third-party intellectual property rights. adidas cannot assume any further warranty beyond the forementioned, in particular for the tradability of a Wrapped NFT or an Unwrapped NFT on third-party platforms and marketplaces and the compatibility with networks, infrastructures, blockchains and wallets of third parties.

9.2 The availability, resolution and quality of the Wrapped Digital Sneakers or the Unwrapped Digital Sneakers will depend on the device You are using and other factors beyond adidas' control, for which no warranty is given.

9.3 With regard to the Token, supplementary performance to cure a defect is only possible by destroying the defective Token (burning) and issuing a new Token to Your Wallet. You are obliged to cooperate in the burning of the defective Token in accordance with the instructions of adidas (e.g., by transferring the Token to a Wallet Address specified by adidas) and to accept a new Token if the contractual scope of functions is maintained and the acceptance does not lead to significant disadvantages for You.

9.4 You expressly agree and acknowledge that the value of virtual goods may change rapidly due to unforeseen circumstances. adidas does not warrant the current or future value of its NFTs.

9.5 In all other respects regarding the Token, the statutory warranty provisions shall apply (§§ 327 et seq., 453, 433 et seq. of the German Civil Code (BGB)).

10. RIGHT OF WITHDRAWAL

Consumers have a right of withdrawal for the Purchase Agreement and/or the Redemption Agreement in accordance with the following provisions:

11. LIABILITY

11.1 In any case of simple negligence adidas is liable for the breach of a contractual obligation which gives distinction to these BUGATTI T&C and underlying agreements and on which You may rely on (essential obligation) and limited to the typical and foreseeable damage only. The aforementioned shall not apply to culpable damage to life, body or health nor in cases of mandatory liability including without limitation liability for cases in which a procurement risk or a guarantee for damages has been assumed, under the Product Liability Act, liability under the GDPR or fraudulent concealment of a defect.

11.2 adidas shall not be liable for any damages resulting from any use or unauthorised modification of an NFT and/or the Auction Site or Redemption Site by You or any third party in breach of these BUGATTI T&C.

12. TRADABILITY

12.1 adidas itself does not operate a marketplace where the NFTs can be traded.

12.2 adidas does not bear any responsibility for marketplaces of third parties and neither undertakes to ensure nor warrants that the NFT is or will be tradable on any regulated or unregulated marketplace and/or that any third parties will attach a market value to the NFT. adidas is not under an obligation to obtain permission, approval or similar to trade, sell or exchange the NFT on marketplaces. It is possible that there will never be a marketplace for trading or selling the NFT.

12.3 Resales on marketplaces may be subject to varying transaction fees (including gas fees, which may be significant) for the seller of the NFTs. The transaction fees may include a commission for the benefit of the marketplace and/or for any third party that was part of creating the NFT. The seller undertakes to use best efforts to provide the purchaser of the NFT with these BUGATTI T&C, and to pass all obligations under these BUGATTI T&C on to subsequent purchasers. You will be solely responsible for the payment of all taxes that may be applicable as a result of resales or transactions of the NFT.

13. DUTIES AND RISK

13.1 You are aware that You are responsible for ensuring that Your use of the NFT is legally permissible. You must therefore make sure that any of Your use of the NFT is permitted (such as a public sale or making it available to the public).

13.2 You acknowledge that legal regulations in the areas of blockchain-based services, cryptocurrencies and crypto assets may change, and that new regulations or guidelines may develop. New or changing regulations or interpretation of existing laws and regulations may adversely affect the qualification and/or transfer and/or viability and/or value of the NFTs in the future.

13.3 If there is reasonable suspicion that You have breached any obligation under these BUGATTI T&C and You fail to remedy such breach within fourteen (14) days after being given notice to do so, adidas reserves the right to transfer the Token to the correct Wallet Address or, if applicable, to destroy (burn) the Token (You are obliged to cooperate) and reissue (mint) it to the rightful owner of the rights to use the Wrapped Digital Sneakers or the Unwrapped Digital Sneakers. A notice period is not required in the case of irremediable violations or in the case of serious violations, such as those based on intent.

14. ANTI-MONEY LAUNDERING

14.1 You warrant,

a) that the NFT will not be used in any manner for any illegal or unethical purpose, including acts related to money laundering, terrorist financing or other acts that violate applicable law;

b) that You will not use any proceeds of criminal or illegal acts; and

c) that no transactions with the NFT will be used to facilitate or engage in criminal or illegal acts, including acts related to money laundering, terrorist financing or other acts that violate applicable law.

14.2 You declare that during Your ownership of the NFT

a) You are not on a sanctions list of the United Nations, the European Union, the United States of America, or the Federal Republic of Germany;

b) You neither (i) act on behalf (e.g. as a representative or messenger) for a natural or legal person included in one of the sanctions lists mentioned in a) nor (ii) directly or indirectly transfer assets of any kind to such a person.

14.3 If any of the aforementioned events within the meaning of section 16.2 occurs before the respective Token has been received by You, You undertake to inform adidas without undue delay and to suspend all transactions and actions in connection with such Token without undue delay until the event ceases to exist.

14.4 You must comply with all applicable sanctions, embargo and (re-)export control regulations, including those of the European Union, the United States of America, the Federal Republic of Germany and locally applicable jurisdiction(s) (collectively "Export Law"). Except as permitted under Export Law or in accordance with corresponding official licences or approvals, You may not, in particular, (i) download, install, access or use the Token and any related documentation (collectively the "Delivery Items") at any location where access is prohibited or restricted on grounds of comprehensive sanctions (currently Cuba, Iran, North Korea, Syria and the Crimea, Donetsk and Luhansk regions of Ukraine) or requires a licence under Export Law; (ii) allow a natural or legal person on a sanctions list under the Export Law to access the Delivery Items, transfer them, (re-)export them (including deemed (re-)exports) or provide them in another manner; (iii) use the Delivery Items for a purpose prohibited under Export Law (e.g. in connection with armaments, nuclear technology or weapons); (iv) enable the above activities by a user of the Delivery Items. You will provide adidas with all information about the user(s), the intended use and the place of use of the Delivery Items without undue delay after being requested to do so.

14.5 The performance of the agreement by adidas is subject to the performance not being hindered by national or international foreign trade law regulations or embargos and/or other sanctions.

14.6 You confirm that You are acting in Your own economic interest only.

15. PRIVACY POLICY

adidas' privacy policy can be found at https://www.adidas.com/metaverse/privacy ; the privacy policy is not subject to these BUGATTI T&C.

16. EU DISPUTE RESOLUTION

16.1 In accordance with Art. 14 (1) of Regulation (EU) No. 524/2013 on Online Dispute Resolution (ODR Regulation), adidas is legally obliged to refer You to the European Online Dispute Resolution platform (ODR platform) of the European Commission. You can reach this at http://ec.eoropa.eu/consumers/odr/.

16.2 adidas does not participate in dispute resolution proceedings before a consumer arbitration board and is not obliged to do so.

17. CHOICE OF LAW AND JURISDICTION

17.1 These BUGATTI T&C and their interpretation and any non-contractual obligations in connection with them are subject to German substantive law. As far as applicable, the UN Convention on Contracts for the International Sale of Goods (CISG) shall not apply.

17.2 Exclusive place of jurisdiction for all disputes regarding rights and duties under these BUGATTI T&C, including their validity shall be Nuremberg, Germany.

18. MISCELLANEOUS

18.1 Should one or more provisions of these BUGATTI T&C be or become invalid or unenforceable in whole or in part, this shall not affect the validity and enforceability of the remaining provisions of these BUGATTI T&C. In place of any standard terms of business which are invalid or not incorporated in these BUGATTI T&C, the statutory provisions shall apply (section 306 (2) BGB). In all other cases, the parties shall replace the void or invalid provision with a valid provision which reflects as closely as possible the original economic purpose of the void or invalid provision, unless a supplementary interpretation of these BUGATTI T&C takes precedence or is possible.

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CAPSULE COLLECTION TERMS AND CONDITIONS

1. INTRODUCTION. For the reveal of the digital content linked to your “adidas Originals: Capsule Collection” NFT (“Capsule NFT”), the following terms and conditions (“Capsule Collection Terms”) apply in addition to the Terms & Conditions for NFT (https://adidasapp.adidas.com/legal/into_the_metaverse_tc.html) (“Terms and Conditions for NFT”) and the Privacy Policy (https://www.adidas.com/metaverse/privacy). In case of contradictions between these Capsule Collection Terms and the Terms and Conditions for NFT, the Capsule Collection Terms shall prevail.

2. REVEAL OF CAPSULE CONTENT. To obtain the Capsule NFT digital content, select the ‘Reveal Now’ button on the within the activation period. You will be prompted to provide the address of your digital Blockchain Wallet, which holds your Capsule NFT(s). After you have selected the specific Capsule NFT whose content you want to reveal, the Art associated with your Capsule NFT (“Capsule Art”) will be updated. At the end of the activation period, the option to acquire the updated Capsule Art expires, and you will no longer be entitled to claim the Capsule Art. The option to reveal the Capsule Art is non-transferable and cannot be redeemed for cash. Only one Capsule Art can be revealed per Capsule NFT.

3. CAPSULE ART. Regarding the Capsule Art, Section 2 (Ownership), Section 3 (Terms), Section 4 (Restrictions) and Section 5 (Limitations and no right to trademarks) of the Terms and Conditions for NFT apply.

PFP STYLING TOOL TERMS AND CONDITIONS

1. DRESSING ROOM. To take part in the dressing room activation, you need to provide the address of your Wallet, which must hold your Capsule NFT and an eligible Third Party IP collection art profile picture (“PFP NFT”). The eligibility of PFP NFTs may be updated from time to time, as communicated. For each PFP NFT in your Wallet, you may receive a digital profile picture (“PFP Art”) as a downloadable image file by selecting the ‘Generate’ button within the activation period.

2. PFP NFT. You warrant that, under the terms and conditions applicable to your PFP NFT (“Third Party PFP Terms”) you have the rights to provide to adidas the digital image associated with your PFP NFT (“Third Party PFP IP”) to be modified, distorted, or changed (including, without limitation, the shapes, designs, drawings, attributes, or color schemes), and used in any way necessary for adidas to create the PFP Art in combination with the Capsule Art. It is your responsibility to verify that the Third Party PFP Terms cover your use of the Third Party PFP IP as part of this dressing room activation. In case of any claims by the Third Party PFP IP owner against your use of the Third Party PFP IP, you promise to immediately and completely stop the usage of the PFP Art, especially by deleting any digital version(s) on any social media platform(s).

3. PFP ART. Subject to your rightful and lawful purchase or acquisition of the Capsule NFT and, with respect to a Purchased NFT, your continued compliance with all Terms & Conditions, adidas grants you a worldwide, non-exclusive, non-transferable, revocable, royalty-free license, with no right to sub-license, to display the Capsule Art, in its modified version as part of the PFP Art, solely for your own personal, non-commercial use as a profile picture on social media platforms. Regarding the PFP Art, Section 2 (Ownership), Section 3 (Terms) Section 4 (Restrictions) and Section 5 (Limitation and no right to trademarks) of the Terms and Conditions for NFT apply.

VENDING MACHINE TERMS AND CONDITIONS

These Vending Machine Terms and Conditions cover chapter 2 of the ALTS by adidas customization journey and apply to your use of the virtual vending machine (“Vending Machine”) on the collect.adidas.com Website.

1. ALTS TRAITS. Subject to your rightful and lawful purchase or acquisition of an adidas Rift Valley Motel Coin ("ALTS Coin(s)") and an ALTS by adidas NFT, you are eligible to use the Vending Machine during the activation period communicated on the Website by complying with the steps mentioned below. Through the use of the Vending Machine, You can receive a virtual container that includes the right to receive and display, a trait for Your ALTS by adidas NFT ("ALTS Trait(s)") at no additional cost and subject to applicable license terms (see NFT Terms and Conditions). After the activation period, an ALTS Coin cannot be redeemed for an ALTS Trait, and adidas does not warrant any further utility in connection with the ALTS Coin.

2. VENDING MACHINE. To use the Vending Machine, You need to: (i) connect Your digital wallet via the Website, (ii) select one ALTS by adidas NFT if you have more than one ALTS by adidas NFT in Your wallet (iii) select the relevant button on the Website to insert Your ALTS Coin in to the Vending Machine, (iv) enter a triple digit number for a virtual container that is available in the Vending Machine, and (v) confirm the burning of Your ALTS Coin. Each ALTS by adidas NFT may use the Vending Machine a maximum amount of ten (10) times, thereby receiving a maximum amount of ten (10) ALTS Traits, but no more than one from each ALTS Traits category. Per each use of the Vending Machine, one ALTS Coin will be burned. There will be nine (9) ALTS Traits categories and only one ALTS Trait from each category can be assigned per ALTS by adidas NFT. ALTS Traits will vary in rarity and will be broken down into the following categories: Epic, Rare, and Common. Epic Traits shall be limited to 3 per ALTS by adidas NFT. Rare Traits will be limited to 4 per ALTS by adidas NFT.

3. BURNING THE ALTS COIN. As a condition of receiving an ALTS Trait, you expressly agree and acknowledge that you must burn, one ALTS Coin, whereas "burn" shall mean the permanent and irreversible transfer of the ALTS Coin to a designated smart contract address, effectively removing it from circulation and making it inaccessible to anyone. . For avoidance of doubt, the ALTS Coin will be destroyed during this process. The burn of the ALTS Coin must be performed according to the instructions provided by adidas on the Website and any specifications of Your wallet provider. You will be solely responsible for any costs in connection with the burn and the assignment of the ALTS Traits, including transaction fees and gas fees (which may be significant), and for the payment of all taxes that may be applicable as a result of You burning the ALTS Coins.

4. CONSEQUENCES OF THE BURN. Once the burn of an ALTS Coin has been successful, the ALTS Trait which will be assigned to the (x1) relevant ALTS by adidas NFT. You expressly acknowledge that the ALTS Trait may not have the same value as the ALTS Coin and that the value of the assigned ALTS Trait is outside adidas' reasonable control.

5. ADDITIONAL APPLICABLE TERMS. For the ALTS Coins, the NFT Terms and Conditions (adidasapp.adidas.com/collect/tc.html) and the adidas' privacy policy (https://www.adidas.com/metaverse/privacy) apply.

TWITTER SHARE AND WIN ACTIVATION

The following paragraphs relate to the twitter share and win activation aspect of the Vending Machine campaign. Upon revealing a relevant ALTS Trait pursuant to the process and terms and conditions described above, You may have the chance to receive additional ALTS Coins by guessing a correct vending machine combination number between 0-999. Winning participants have the chance to win one ALTS Coin per correct guess, subject to a maximum of five (5) ALTS Coins per calendar day, and fifty (50) ALTS Coins in total.

MONCLER X ADIDAS ORIGINALS THE EXPLORER NFT TERMS AND CONDITIONS

1. INTRODUCTION. For the claim of the digital content linked to your “Moncler x adidas Originals The Explorer NFT” (“Explorer NFT”), the following terms and conditions (“Moncler x adidas Originals The Explorer Terms and Conditions”) apply in addition to the Terms & Conditions for NFT and the Privacy Policy (https://www.adidas.com/metaverse/privacy).

2. CLAIM OF EXPLORER NFT.To obtain the Explorer NFT digital content, go to the adidas Confirmed App or collect.adidas.com, depending on Your region, and select the ‘Participate’ button within the activation period. You will be prompted to provide the address of your digital Blockchain Wallet (“Wallet”) or connect Your Wallet via Tokenproof, and truthfully and completely provide all the data requested (e.g., your country or US-state of residency). This is required to participate and to obtain the Explorer NFT digital content. By participating, You allow adidas to share Your email address to Moncler. A maximum of one Explorer NFT can be claimed per Wallet. Upon the claim of Your Explorer NFT or at the end of the Activation Period, You will no longer be able to claim another Explorer NFT. adidas transfers the Token of the Explorer NFT to Your Wallet within 5 business days after the confirmation of a valid claim; Transaction Fees applicable to such transfer are incurred by adidas. The option to claim the Explorer NFT is non-transferable and cannot be redeemed for cash.

3. EXPLORER NFT ART. Subject to your rightful and lawful claim or acquisition of the Explorer NFT, your continued compliance with all Terms & Conditions, adidas grants you a worldwide, non-exclusive, non-transferable, revocable, royalty-free license, with no right to sub-license, to display the Explorer NFT, solely for your own personal, non-commercial use as a profile picture on digital platforms. adidas will provide a link to the Explorer NFT as part of the metadata of the Explorer NFT. The Explorer NFT will also be stored on and provided via the domain assets.adidas.land. However, while adidas will strive to maintain availability, adidas does neither warrant nor guarantee to indefinitely store the Explorer NFT or ensure their accessibility. In the event adidas decides to change the provision of the Explorer NFT, adidas will, upon a reasonable notice period, allow You to secure Your Explorer NFT. adidas strongly recommends that You take active measures on your part and save a local copy of the Explorer NFT.

4. ACTIVATION PERIOD. The Explorer NFT will be available on a first come, first served basis. The claim will open on 5 ^th October 2023 and will run until the supply of Explorer NFT lasts or at the latest until 10 ^th October 2023 (“NFT Claim Period”). Each Wallet address allows for one entry into the claim of the Explorer NFT.

5. YOUR DIGITAL WALLET. The management of the Token after the transfer to Your Wallet is not part of adidas' service and is solely Your responsibility. adidas has no access to any Wallet Access Data (as defined below) and can therefore neither dispose of nor control the Tokens stored in Your Wallet. adidas does not provide support with regard to Your Wallet. You are fully responsible for the control of Your Wallet. adidas expressly underlines that it is Your duty to ensure that Your Wallet, the associated passwords and access data, the cryptographic key and any recovery identifiers (seeds) (together and individually the "Wallet Access Data") are treated confidential and that You secure the Wallet Access Data against access by third parties by means of appropriate technical and organizational measures. For technical reasons, adidas has no possibility to restore Your Wallet Access Data in case You lose them.

6. HOLDERS OF "ALTS BY ADIDAS DRIPS EGO" NFTS.If Your Wallet Address holds an "ALTS BY ADIDAS DRIPS EGO" NFT provided by adidas, You will automatically receive an Explorer NFT and You will not be able to claim another Explorer NFT.

7. EXCLUSION OF PARTICIPANTS. At all times adidas reserves the right to exclude participants from participation without a right of recourse against adidas in case of (i) invalid, repeated or false entries, (ii) tampering or interfering with the operation of the claim or the Website, (iii) foul play, fraud (or suspicion therefore), (iv) the participant acting in any manner deemed by adidas to be disruptive or in violation of these Terms or, (v) if no Wallet address is provided within 12 hours after participation. Organised or collective participation of the claim shall be regarded as a breach of the Terms. adidas reserves the right, in its sole discretion, to disqualify or prohibit any individual from participating in the claim whom it believes (i) has tampered with the entry process or undermined the legitimate operation of the claim in any manner; (ii) has engaged in conduct causing annoyance, abuse, threat, or harassment towards other participants or any representative of adidas; or (iii) has attempted or intends to attempt any aforementioned actions. The utilisation of agents or automated devices, programmes, or methods for entry submission is forbidden, and adidas may disqualify any participant suspected of employing such means. This claim is void where the claim is prohibited. It is the responsibility of the participants to ensure their legal eligibility to participate. Participants cannot derive any rights from their participation and have no right to any payment or other compensation for their entry or their participation. Entries to the claim may not (i) conflict with applicable law or regulations, the rights of third parties, (ii) incite, advocate or express pornography, obscenity, vulgarity, hatred, bigotry, racism or gratuitous violence, or (iii) in any way harm adidas, its affiliates, its agents and/or the brand of adidas (or any other brand of adidas).

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PLATFORM TERMS AND CONDITIONS

1. PLATFORM AND CONTENT. All of the content featured or displayed on this website and its subpages (the “Platform”), including but not limited to text, graphics, photographs, images, moving images, sound, and illustrations protected by intellectual property law other than User-Provided Content (together "Content"), is owned by adidas, its licensors, vendors, agents, and/or its Content providers. You must not use the Platform or any Content other than for its intended purpose. Except where we tell you otherwise in the Platform, you may view and play documents, audio, and video found on the Platform for personal, informational, and non-commercial purposes only. You must not modify any of the materials and you must not copy, distribute, transmit, display, perform, reproduce, publish, license, create derivative works from, transfer, or sell any information or work contained on the Platform. Except as authorized under applicable copyright law, you are responsible for obtaining permission before reusing any copyrighted material that is available on the Platform. The use of any such material on any other mobile application, website, or online service is prohibited and you are responsible for complying with all laws which apply to you and your use of the Platform. The Platform, its Content, and all related rights shall remain the exclusive property of adidas or its licensors unless otherwise expressly agreed. You will not remove any copyright, trademark, or other proprietary notices from material found on the Platform.

2. ACCESS TO THE PLATFORM. Neither adidas, nor any of its respective affiliates guarantee that the functions contained in the Platform will be uninterrupted or error-free or that defects will be corrected. We may suspend, withdraw, discontinue or change all or any part of the Platform without notice.

3. TRADEMARKS. All trademarks, service marks, and trade names of adidas used as part of or in connection with the Platform (collectively "Marks") are trademarks or registered trademarks of the adidas Group, or its affiliates, partners, vendors, or licensors. You may not use, copy, reproduce, republish, upload, post, transmit, distribute, or modify adidas Marks in any way, including in advertising or publicity pertaining to distribution of materials on the Platform, without adidas’ prior written consent. The use of adidas Marks on any other mobile application, website, or online service is not allowed. adidas prohibits the use of adidas Marks as a "hot" link on or to any other mobile application, website, or online service unless establishment of such a link is approved in advance.

4. THIRD PARTY WEBSITES. For your convenience, the Platform may contain links to or at times redirect you to websites and/or online services owned or controlled by third parties. Also, at your request, the Platform may connect to social networking websites that are not owned or controlled by us. These websites and online services are not under our control, and you accept that we are not responsible or liable for the accuracy; collection, use, or disclosure of information; copyright compliance; legality; decency; or any other aspect of such websites and online services including their operation, or the content displayed on or through them. The inclusion of such a link on the Platform does not imply our endorsement of any such website or online service, the content displayed on or through it, or any association with its operators, and you agree not to hold us responsible for any harm that may arise based on your access to or use of any linked website or online service.

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