By participating in our Sponsorship Program, you ("Sponsor") agree to comply with and be bound by the following terms and conditions (the “Agreement”) set out below by Immuni Software PTE. LTD (“Immunefi”). Please read these terms carefully before proceeding.
Whereas, Immunefi has organized and will conduct a bespoke bug bounty program for enhancing the security of the Ethereum Protocol, and Sponsor desires to support the event in return for certain promotional considerations.
The Parties hereby mutually agree as follows:
Immunefi Obligations. In consideration of the payment in full of the sponsorship amount which at a minimum will be 0.1 ETH in this Agreement, Immunefi shall provide Sponsor the following benefits described below.
Sponsor understands and acknowledges that purchasing a sponsorship does not grant Sponsor any rights or input into the administration of the Event. The Bug Bounty Program and the payment of any rewards pursuant to the Event are subject to the sole discretion of the Ethereum Foundation.
Fees. Sponsor shall pay to Immunefi the sponsorship fee which at a minimum will be 0.1 ETH . This fee shall be due immediately upon acceptance of this Agreement by the Sponsor. All fees are non-refundable unless Immunefi terminates this Agreement without cause pursuant to Section 3. Fees do not include any applicable transaction fees such as gas costs. Sponsor is responsible for all costs associated with the transaction.
Term/Termination. This Agreement will commence on the Effective Date and will continue through the end of the Event (the “Term”). Immunefi may terminate this agreement at any time and for any reason. If Immunefi exercises its right to terminate, all fees received from Sponsor shall be refunded excluding any transaction fees and any fees incurred by Immunefi in processing KYC/KYB for the Sponsor.
Sponsor Default. If Immunefi’s performance of any of its obligation is prevented or delayed by any act or omission by Sponsor or failure by Sponsor to fulfill any of its obligations under this agreement, Immunefi may suspend performance of its obligations listed in Section 1. Immunefi will not be liable for any costs or losses sustained or incurred by Sponsor arising directly or indirectly from Immunefi’s failure or delay to perform any of the obligations due to Sponsor’s default.
Sponsor Trademarks/Sponsor Materials. (a) Subject to the terms and conditions of this Agreement, Sponsor grants Immunefi the right to use, reproduce, affix and exploit Sponsor’s trademarks, tradenames, logo designs and any other materials provided to Immunefi by Sponsor (“Sponsor Materials”) in any medium of advertising, marketing materials, and/or promotional goods distributed in conjunction with the Event. (b) Sponsor is not authorized to reproduce, refer to, or use in any way the trademarks, logos, and other distinctive signs of Immunefi or the Ethereum Foundation without obtaining prior written consent from the owner in each case.
Cooperation. Sponsor will cooperate with Immunefi in all matters relating to the delivery of the sponsorship benefits. Sponsor will provide Immunefi with such information as Immunefi reasonably requires in order to fulfill its obligations, including but not limited to performing and passing KYC/KYB and remitting payment. Failure to provide reasonable cooperation shall be considered an incident of Sponsor Default.
Representations and Warranties. Each Party represents and warrants to the other Party that during the Term: (a) it has the full corporate right, power and authority to enter into this Agreement and to perform the acts required of it under this Agreement; (b) the execution of this Agreement and performance of its obligations under this Agreement do not and will not violate any other agreement to which it is a party; (c) this Agreement constitutes the legal, valid and binding obligation of such Party when executed and delivered; and (d) any and all activities it undertakes in connection with this Agreement will be performed in compliance with all applicable laws, rules and regulations, including without limitation, anti-money laundering regulations and data privacy laws and regulations. Sponsor represents and warrants that Immunefi’s use of the Sponsor Materials in accordance with this Agreement shall not infringe or violate the intellectual property rights of a third party.
Indemnity. Sponsor agrees to defend, indemnify, and hold harmless Immunefi and its representatives, officers, directors, employees, agents, shareholders, successors and permitted assigns thereof against any and all damages, losses, liabilities, settlements and expenses (including without limitation costs and attorneys’ fees and expenses) related to any claim or action that arises from or relates to Sponsor’s breach of any material representation or warranty made under this Agreement.
Warranty Disclaimers. EXCEPT AS EXPRESSLY STATED HEREIN, THE SERVICES ARE PROVIDED BY IMMUNEFI “AS AVAILABLE” AND “AS IS” AND IMMUNEFI MAKES NO WARRANTIES, EITHER EXPRESS OR IMPLIED, AS TO ANY MATTER WHATSOEVER, INCLUDING WITHOUT LIMITATION THE AVAILABILITY AND CONDITION OF THE SERVICES AND IMMUNEFI EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY, FITNESS FOR ANY PARTICULAR PURPOSE OR NEED, ACCURACY OR FREEDOM FROM ERROR, AND ALL WARRANTIES THAT MAY ARISE FROM COURSE OF DEALING, COURSE OF PERFORMANCE OR USAGE OF TRADE. THIS SECTION WILL BE ENFORCEABLE TO THE FULLEST EXTENT ALLOWED BY APPLICABLE LAW. NO INFORMATION OR ADVICE (WHETHER WRITTEN, ORAL OR OTHERWISE) PROVIDED BY IMMUNEFI OR ITS REPRESENTATIVES WILL CREATE ANY WARRANTY OR IN ANY WAY AFFECT THE DISCLAIMERS OF WARRANTY OR LIMITATIONS OF LIABILITY EXPRESSLY PROVIDED IN THIS AGREEMENT
Limitation of Liability. TO THE EXTENT ALLOWED BY APPLICABLE LAW AND NOTWITHSTANDING ANY FAILURE OF ESSENTIAL PURPOSE OF ANY LIMITED REMEDY OR LIMITATION OF LIABILITY AND EXCEPT FOR ANY AMOUNTS OWED BY SPONSOR TO IMMUNEFI: (A) IMMUNEFI WILL NOT BE LIABLE FOR ANY INCIDENTAL, SPECIAL, PUNITIVE, CONSEQUENTIAL, LOST PROFITS, OR INDIRECT DAMAGES OF ANY KIND IN CONNECTION WITH THIS AGREEMENT, INCLUDING WITHOUT LIMITATION RELATING TO IMMUNEFI’S PERFORMANCE OF THE SERVICES AND SPONSOR’S USE OF THE SERVICES; AND (B) IMMUNEFI’S ENTIRE AGGREGATE LIABILITY TO ANY PERSON OR ENTITY ARISING FROM OR RELATING TO THIS AGREEMENT, UNDER ANY LEGAL THEORY (WHETHER IN CONTRACT, TORT, INDEMNITY OR OTHERWISE), WILL NOT EXCEED THE AMOUNT OF FEES PAID BY SPONSOR TO IMMUNEFI UNDER THIS AGREEMENT.
Governing Law and Dispute Resolution. This Agreement shall be governed by and construed in accordance with the laws of England and Wales without regard to the conflicts of law provisions thereof. Any controversy or claim arising out of or relating to this Agreement, or the breach thereof, shall be settled by arbitration (to be held in English) in accordance with the rules of the London Chamber of Arbitration and Mediation. THE PARTIES EACH EXPRESSLY WAIVE THEIR RIGHT TO A TRIAL BY JURY AND AGREE THAT ARBITRATION IS THE SOLE AND EXCLUSIVE MEANS OF SETTLING ANY CLAIM, CONTROVERSY, OR DISPUTE ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT
Miscellaneous. If any provision of this Agreement is found to be unenforceable or invalid, that provision will be limited or eliminated to the minimum extent necessary so that this Agreement will otherwise remain in full force and effect and enforceable. This Agreement is not assignable, transferable or sublicensable by Sponsor except with Immunefi’s prior written consent. Immunefi may transfer and assign any of its rights and obligations under this Agreement without Sponsor’s consent. This Agreement is the complete and exclusive statement of the mutual understanding of the Parties and supersedes and cancels all previous written and oral agreements, communications and other understandings relating to the subject matter of this Agreement, and that all waivers and modifications must be in a writing signed by both Parties, except as otherwise provided herein. No agency, partnership, joint venture, or employment is created as a result of this Agreement and Sponsor does not have any authority of any kind to bind Immunefi in any respect whatsoever. All notices under this Agreement will be in writing and will be deemed to have been duly given when received, if personally delivered; when receipt is electronically confirmed, if transmitted by email; the day after it is sent, if sent for next day delivery by recognized overnight delivery service; and upon receipt, if sent by certified or registered mail, return receipt requested.