Common use of Secondary Transactions Clause in Contracts

Secondary Transactions. You agree and acknowledge that any Subsequent Acquirer of the Token and the related rights, i.e. the Subsequent Acquirer, shall pay the Seller 5% (“Secondary Transaction Share”) of the purchase price for all Secondary Transactions in the manner as set out in the Website. All such payments shall be made no later than 7 days from the date of transfer and shall be made in INR or such other currency or method provided on the Website. All Subsequent Acquirers shall be responsible for paying the Secondary Transaction Share payment associated with the Secondary Transaction, regardless of whether the purchase price of the transaction is fulfilled on-chain, off-chain, in cash or in kind (including by way of exchange of physical or digital assets) or in a combination of the foregoing. The value of the in-kind consideration shall be determined by computing the fair value of the asset or the market value of such asset at the close of the business date as determined through the price of such asset on an exchange operational in India and denoting value in INR. Any Secondary Transfer shall be null and void on a failure to pay the Secondary Transaction Share as set out herein.

Secondary Transactions. You agree and acknowledge that any Subsequent Acquirer of the Token and the related rights, i.e. the Subsequent Acquirer, shall pay the Seller 5% (“Secondary Transaction Share”) of the purchase price for all Secondary Transactions in the manner as set out in the Website. All such payments shall be made no later than 7 days from the date of transfer and shall be made in INR or such other currency or method provided on the Website. All Subsequent Acquirers shall be responsible for paying the Secondary Transaction Share payment associated with the Secondary Transaction, regardless of whether the purchase price of the transaction is fulfilled on-chain, off-chain, in cash or in kind (including by way of exchange of physical or digital assets) or in a combination of the foregoing. The value of the in-in- kind consideration shall be determined by computing the fair value of the asset or the market value of such asset at the close of the business date as determined through the price of such asset on an exchange operational in India and denoting value in INR. Any Secondary Transfer shall be null and void on a failure to pay the Secondary Transaction Share as set out herein.