Final AXIE-Scholarship-Contract- Blank PDF

Title Final AXIE-Scholarship-Contract- Blank
Author PATRICK JOHN FORMOSO
Course Laws on Business Organizations
Institution Saint Louis University Philippines
Pages 5
File Size 101 KB
File Type PDF
Total Downloads 93
Total Views 138

Summary

Axie scholarship sample contract for managers...


Description

AXIE MANAGER - SCHOLAR CONTRACT KNOW ALL MEN BY THESE PRESENTS: This AXIE MANAGER – SCHOLAR CONTRACT is hereby made and executed by and between: ________________________________, single, of legal age, and a resident of (Name)

________________________________, hereunto referred to as MANAGER; and (Address)

________________________________, single, of legal age, and a resident of (Name)

________________________________, hereunto referred to as SCHOLAR; (Address)

Witnesseth that: The MANAGER has a team of three (3) Axies in Axie Infinity, bearing the monetary equivalent of Fifty Thousand Pesos (Php 50,000) upon signing of this contract. The SCHOLAR agrees to use the said account containing the aforementioned team, and the MANAGER allows the SCHOLAR to use the said account containing the aforementioned team, based on the terms and conditions as follows:

1. The duration of this contract shall be for 3 months, beginning November 25, 2021 up to February 25, 2021, which shall be renewable by the parties upon giving of notice to renew thirty (30) days before the expiry of this contract; 2. The MANAGER shall grant the SCHOLAR access to the account by giving him the Axie Marketplace Email and Password; 3. The MANAGER still owns the account subject of this contract even if it is the SCHOLAR who uses the said account; 4. The SCHOLAR is not allowed to have other persons or a third-party use the subject account;

5. The SCHOLAR agrees to farm a minimum of 100 SLP daily, garnering a total of 700 SLP weekly or 3000 SLP monthly to stay in this scholarship program; 6. Failing to farm the minimum required daily, weekly or monthly SLP shall result in termination of this SCHOLARSHIP CONTRACT, subject to the following: a. First Offense – Reprimand and coaching b. Second Offense – Warning c. Third Offense – Termination of contract All remaining SLP at the time of termination will be forfeited in favor of the MANAGER; 7. As to profit sharing or cash-out / withdrawal, the MANAGER and SCHOLAR shall have a 60/40 share of the earned SLP for the 1st 9000 SLP farmed, and 50/50 share for more than 9000 SLP. The Cash Out/Withdrawal shall be done every 7th and 21st day of the month at 10PM. The SCHOLAR has until 9:58 PM of the cash-out day to meet the daily SLP requirements of that day; 8. ALL AXS rewards earned by Scholars (top 200 in Arena) will NOT be split with the Manager. Scholars will get all the AXS they earn from every season; 9. The cash-out / withdrawal / profit-share shall be given by the MANAGER to the SCHOLAR in the form of SLP. The MANAGER has no liability in case the SCHOLAR encounters problems in encashing his SLP. The MANAGER shall likewise not be responsible for mishandling of the SLP given to the SCHOLAR or in cases of fraud / scamming encountered by the SCHOLAR in encashing or trading his SLP; 10. The MANAGER shall monitor the account handled by the SCHOLAR daily. Further, a weekly review of the SCHOLAR shall be held by the MANAGER; 11. Upon entering this contract, the SCHOLAR must have a Ronin wallet to accept SLP withdrawals. This is a requirement to be accepted in this scholarship program. The SCHOLAR is required to store his seed phrases in a safe place, as losing it might lose all his SLP in that account. The MANAGER

shall not be liable for the lost of SLP of the SCHOLAR due to SCHOLAR’s negligence in storing his seed phrase; 12. The SCHOLAR is given much leeway as to the time he will play or access the scholarship account, the strategies he will take to garner SLPs, and to the means and methods of playing, accessing and management of the account, subject to the terms and conditions of this contract, terms and conditions of Axie Infinity and its administration, and those agreed upon by the MANAGER and SCHOLAR during the validity of this contract; 13. The SCHOLAR is strictly prohibited from owning and playing a personal Axie Infinity account. The SCHOLAR cannot farm even a single SLP on his personal account when farming and handling the scholarship account subject of this contract. The SCHOLAR agrees to observe and comply with strictly ONE account per device per person rule; 14. The SCHOLAR is prohibited from playing or accessing another scholarship account from another manager. The SCHOLAR is prohibited from entering a contract with another manager during the validity of this contract. This is because if the scholar plays another account different from the scholarship account subject of this contract, all Axies involved might get banned and can never be used again; 15. Upon signing of this contract, the SCHOLAR agrees to cancel all other offers of scholarship programs from other persons or managers; 16. In case the scholarship account is banned by causes attributable to the SCHOLAR, the SCHOLAR shall be liable to the MANAGER for the current market price of the team at the time of the banning of the scholarship account, and shall be responsible to pay the MANAGER for the said amount; 17. In addition to the penalties of the scholar mentioned in prior provisions of this contract, violation by the SCHOLAR of any of these provisions or the rules of Axie Infinity will result to immediate kicking and banning from this scholarship program permanently;

18. In case the SCHOLAR wants to quit from this scholarship program prior the ending of the validity of this contract, he may do so by informing the MANAGER three (3) days before the intended resignation, stating likewise valid reasons behind the decision; 19. This contract does not signify or prove employer – employee relationship between the MANAGER and the SCHOLAR. IN WITNESS WHEREOF, the parties have hereunto set their hands this 23rd day of November 23, 2021, hereat Rosales, Pangasinan.

SCHOLAR Government Issued ID:

MANAGER Government Issued ID:

Witness

Witness

(Affix signature over printed name)

(Affix signature over printed name)

Republic of the Philippines

( _______________________________

) SC.

BEFORE ME, this ___ day of _____________, 2021 in the ____________________personally appeared the parties to this document together with their proof of identities to wit: ________________________________- (GOVERNMENT ID PRESENTED and ID NUMBER) ________________________________- (GOVERNMENT ID PRESENTED and ID NUMBER)

known to me to be the same persons who executed the foregoing instrument, and they acknowledged to me that the same is their free act and deed. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my notarial seal, the day, year and place above written.

Doc No. ______ Page No. _____ Book No. _____ Series of _______...


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