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TERMS AND CONDITIONS

NFT: Art Nouveau Serie Ramón Allones Hermitage Edición Regional Rusia. 50 NFTs offering.

  1. Upon purchase of NFT Ramón Allones Hermitage Art Nouveau Jar, the ownership of the physical asset is passed to NFT Owner: a unique Ramon Allones Hermitage Art Nouveau Jar with an individual number, 10 Ramón Allones Hermitage Edición Regional Rusia cigars, and an ashtray - all in a gift box.
  2. The original depositary for numbered humidor jars of Ramon Allones Hermitage Art Nouveau Jar is the depository of Cigar Cult LLC located in Moscow.
  3. Cigar Cult LLC, the Habanos Specialist since 2010:
    • a. guarantees the storage of a numbered jar with cigars in proper conditions recommended by Habanos S.A.: temperature +16 C - +18 С, humidity 65% - 70%.
    • b. guarantees the authenticity of stored cigars and jars.
  4. The Registry of all Ramon Allones Hermitage Art Nouveau Jar humidors is presented on Cigar Cult LLC website http://www.cigar-cult.ru/en/nft, section «REGISTRY ON STATUS OF NFTs AND PHYSICAL JARS». While the numbered jar is in the custody of Cigar Cult LLC up-to-date information about its status will be available in the Registry. Since storage Registry on the Cigar Cult LLC website shows that the jar was physically claimed by one of the previous NFT owners supported with the date and time of withdrawal, that means that the physical jar has already been received by the owner, the NFT with that number has been withdrawn from circulation and can no longer be bought or sold. If any seller wishes to sell a redeemed NFT this is a sign for potential fraud.

    If such cases are identified, please urgently inform Cigar Cult LLC at nft@cigar-cult.ru.

    Cigar Cult LLC bears no responsibility for the safety and proper transfer of physical jars from NFT seller to the NFT buyer if the jar was granted to one of the previous owners and was not in the custody of Cigar Cult LLC at the time of such transaction.
  5. Upon purchase of NFT, the buyer has 2 options:
    • a. Option 1. Store the humidor jar under a safe custody agreement with Cigar Cult LLC and have the option of reselling NFT on the Binance NFT platform. Cigar Cult LLC provides 3 calendar days of free storage of the jar from the date NFT purchase. Starting 4th calendar day since NFT purchase, the storage of the jar in the depository of Cigar Cult LLC becomes paid. The NFT owner shall enter into an agreement with Cigar Cult LLC and make a prepayment for the storage.
    • b. Option 2. Inform Cigar Cult LLC about the intention to get the gift jar and thereby withdraw the NFT from circulation. That means that effective the date and the hour of withdrawal the owner will no longer be able to sell the NFT on the Binance NFT platform. All costs associated with the delivery of the jar to the Owner shall be prepaid by the Owner. The owner has the option to pick up the jar in person from the Cigar Cult LLC depository.
  6. If the new owner of NFT has not chosen any of 2 Options by the 4th calendar day since the date of NFT purchase Cigar Cult LLC will change the status in the Registry at http://www.cigar-cult.ru/en/nft, line “Storage of physical jar” to “Debt for storage”. Cigar Cult LLC does not recommend potential NFT buyers to purchase an NFT with such status, due to the fact that the current owner has an outstanding debt to to Cigar Cult LLC for the storage of the jar and this debt requires settlement before the jar will be passed to the current or any subsequent NFT owner.
  7. If NFT owner wishes to follow Option 1 "Store the humidor jar", he needs to click on the "Store" button on Cigar Cult LLC website http://www.cigar-cult.ru/en/nft and fill proper data in KYC questionnaire in English:
    • a. Name
    • b. Binance ID
    • c. Token ID
    • d. Jar number
    • e. Email
    Cigar Cult LLC will coordinate the submitted data with NFT Binance platform. If all the data provided by NFT owner is verified and true, Cigar Cult LLC will send the draft of Safe custody agreement to NFT owners email address. The NFT Owner shall sign Safe custody agreement within 3 calendar days from the date of NFT acquisition, as effective 4th day the storage becomes paid, regardless of whether the Safe custody agreement is signed or not. After signing Safe custody agreement, the NFT Owner shall arrange an advance payment under the terms of the agreement for 1 calendar month for the provision of custody services. Termination of the Safe custody agreement is possible if Cigar Cult LLC is notified at least 15 calendar days before the date of the desired termination of the agreement, i.e. the date when the jar shall leave the depositary of Cigar Cult LLC. Cigar Cult LLC returns the outstanding advance payment under Safe custody agreement to the owner of the NFT less bank commission for the transfer of the balance, which is 50 US Dollars. If the amount of the balance under the agreement is less than 50 US Dollars, Cigar Cult LLC deposits the balance on its account until the moment when the Owner can arrive at the location of Cigar Cult LLC and physically receive the balance at the cash desk of Cigar Cult LLC in Rubles at the official exchange rate of the Central Bank of the Russian Federation on the date of return.
    The cost of secure storage of the jar at the depositary of Cigar Cult LLC is 3 US Dollars per calendar day of storage. The accrual of storage charge is made from the 4th calendar day since the NFT is bought by the new owner.
    The Storage conditions are an integral part of the offer within the NFT issue.
  8. If NFT owner wishes to follow Option Option 2 "Get the jar", he needs to click on the "Get the jar" button on Cigar Cult LLC website http://www.cigar-cult.ru/en/nft and fill proper data in KYC questionnaire in English:
    • a. Name
    • b. Binance ID
    • c. Token ID
    • d. Jar number
    • e. Email
    Cigar Cult LLC will coordinate the submitted data with NFT Binance platform. If all the data provided by NFT owner is verified and true, Cigar Cult LLC will send the Instruction on delivery of physical jar to NFT owner’s email address. All costs associated with the delivery of the jar to the Owner shall be prepaid by the Owner.
  9. The owner of the NFT has the right to receive the jar in person, through a trusted person supported by the attorney or in any other available and legal way, if the conditions specified in Clause 6 are met and there is no debt for Safe custody to Cigar Cult LLC. At the moment of the jar transfer from Cigar Cult LLC depositary to the owner or a trusted person or for further transportation, Cigar Cult LLC enters a record about the disposal of the physical jar with relevant number indicating the date and time with an accuracy of 1 minute from the custody of Cigar Cult LLC to The Registry of all Ramon Allones Hermitage Art Nouveau Jar humidors presented on Cigar Cult LLC website http://www.cigar-cult.ru/en/nft, section «REGISTRY ON STATUS OF NFTs AND PHYSICAL JARS». The commercial delivery of the jar can be done in coordination with Cigar Cult LLC, all delivery costs shall be prepaid by the NFT Owner.
  10. Cigar Cult LLC will not accept physical jars previously received by NFT owners for repeated storage for the purpose guaranteeing NFT. The actual number of jars can be found in Registry all Ramon Allones Hermitage Art Nouveau Jar humidors, presented on Cigar Cult LLC website http://www.cigar-cult.ru/en/nft, section REGISTRY ON STATUS OF NFTs AND PHYSICAL JARS. Number of jars in Cigar Cult LLC storage for valid NFTs will never increase.
  11. Cigar Cult LLC bears no responsibility for unfair and fraudulent actions of sellers who may offer NFTs which were previously redeemed (physical jars were passed to the previous owner of NFT as a gift) to potential buyers. The actual information about physical withdrawal (including date and time) of the jars is available in the Registry of all Ramon Allones Hermitage Art Nouveau Jar humidors, presented on the website http://www.cigar-cult.ru/en/nft, section REGISTRY ON STATUS OF NFTs AND PHYSICAL JARS. Potential buyers bear all risks with possible transactions with such NFTs on their own good will.
  12. Current TERMS AND CONDITIONS has been drawn up in accordance with the provisions of English Law. The English version takes precedence.
  13. The potential Buyer of the asset-backed NFT agrees with TERMS AND CONDITIONS prior to making any transaction with NFT.