Last modified May 24, 2022
HelloYogaWorld (“We” or “HelloYogaWorldDAO” or “HelloYogaWorld.com” or “HelloYogaWorldDAO.io”) exists to establish and operate a global yoga and conversation practice club. HelloYogaWorld and HelloYogaWorldDAO plan to utilize cryptographically secure blockchain organization management tools to automate and improve transparency around certain aspects of organizational governance of the club’s business, commonly known as a “decentralized autonomous organization” or a “DAO.”
We are offering for sale one type of a digital collectible (a digital “Membership NFT Passport”) on or about March 20th, 2022 and continuously thereafter: a “Yoga World NFT Passport”. The purchase of each NFT is a transaction in goods and not a promise to provide, or a guarantee of receipt of, future services from HelloYogaWorld and/or HelloYogaWorldDAO, although HelloYogaWorld and/or HelloYogaWorldDAO will make reasonable efforts to ensure that a DAO comes into existence which allows you to unlock expanded functionality associated with the Membership NFT Passports (or “Yoga World NFT Passport”). Rights to HelloYogaWorld and/or HelloYogaWorldDAO in the yoga and conversation practice club will be subject to club rules, the terms of which will be determined if and when the club comes into existence in coordination with the DAO.
You understand and agree that the sale of Membership NFT Passports (or “Yoga World NFT Passport”) grants you no rights and carries with it no guarantee of future performance of any kind by HelloYogaWorld and/or HelloYogaWorldDAO. You are not entitled, as a holder of a Membership NFT Passport (or “Yoga World NFT Passport”), to vote or receive dividends or profits or be deemed the holder of shares of HelloYogaWorld or HelloYogaWorldDAO or any other person by virtue of your ownership of a Membership NFT Passport, nor will anything contained herein be construed to construe on you any of the rights of a shareholder, partner, joint venturer, etc. or any right to vote for the election of directors or upon any matter submitted to shareholders at any meeting thereof, or to give or withhold consent to any corporate action or to receive notice of meetings, or to receive subscription rights to purchase such shares of HelloYogaWorld or HelloYogaWorldDAO. HelloYogaWorld and/or HelloYogaWorldDAO may in the future offer holders of Membership NFT Passports (or “Yoga World NFT Passport”) the opportunity to participate in massively open online governance via a DAO. You agree that the functionality of any DAO established by HelloYogaWorld or HelloYogaWorldDAO will be determined by HelloYogaWorld or HelloYogaWorldDAO in its sole and absolute discretion.
You understand that the development of HelloYogaWorld and HelloYogaWorldDAO business is a significantly risky venture and you acknowledge and assume the risk that HelloYogaWorld and/or HelloYogaWorldDAO may not be able to complete, substantially or in part any other aspect of its operations and furthermore that a significant proportion of the funds generated by the Membership NFT Passports (or “Yoga World NFT Passport”) private or public mints (sales) are expected to be retained by HelloYogaWorld and HelloYogaWorldDAO for any lawful business purpose. Your purchase of an NFT could lead to the complete loss of your money, and no payments will be returned. Membership NFT Passports (or each “Yoga World NFT Passport”) will be created and delivered to any purchaser at the sole risk of the purchaser and on an “as-is” basis. Purchaser has not relied on any representations or warranties made by HelloYogaWorld or HelloYogaWorldDAO or any other person outside of the context of these Terms of Sale, including but not limited to conversations of any kind, including but not limited to whether such statements are made through oral or electronic communication, or any documentation (“Heartpaper” or “Mindpaper” or “Whitepaper” or “FAQ”), social media post or website.
The sale of the Membership NFT Passports (“Yoga World NFT Passport”) is governed by, and these Terms of Sale will be construed in accordance with, Utah law, without regard to conflict of laws principles. All disputes with HelloYogaWorld or HelloYogaWorldDAO by you or your successors or assigns directly or indirectly arising under or in relation to these Terms of Sale or the NFTs shall be brought and resolved solely and exclusively in final and binding arbitration in the State of Utah, in Salt Lake City, under the Rules of Arbitration of the American Arbitration Association.