General Grant Terms and Conditions
The Metahuman Foundation, incorporated in the Cayman Islands (the “Foundation”) has launched the Metahuman Grants Program (the “Program”) pursuant to these terms (“Terms”). The Program consists of two (2) categories of grants that aim to improve, develop and enhance the HUMAN Protocol’s functionality and adoption (“the “Grant(s)”).
These Terms, a Grant application, any additional application requirements, criteria or guidance relating to the Program may be amended and/or updated from time to time and where applicable shall be published on the HUMAN Protocol Foundation website at https://humanprotocol.org and shall unless specified supplement these Terms (the “Website”). In the event of any inconsistencies, the Foundation’s determination shall apply. As used herein “you” refers to the person accessing these Terms and any application made. You are not permitted to access these Terms or the Website if you are not authorized to act on behalf of the person that you represent or to bind such person to these Terms.
1.1. The Program consists of Grants awarded for improving functionality, job markets and use cases, Requests for Proposal/Human Innovation Proposal (“RFP/HIP”) and social impact that will support and enhance the HUMAN Protocol’s ecosystem (“Grants”). The “Improving Functionality” Grants aim to build the HUMAN Protocol’s function and the “Protocol Adoption” Grants aim to deploy the HUMAN Protocol in real world use cases.
1.2. The Foundation’s Program is aimed at supporting others to realize the potential of the HUMAN Protocol across new applications and use cases, contribute to the Protocol, and build on top of it. The Program thereby offers support by way of a Grant in the following tracks:
1.3. All Grants are subject to the completion of any prescribed deliverables, restrictions, or other conditions as indicated in the final endorsed Award Statement Of Works (ASOW) issued to a grantee. These Terms, the ASOW, together with all its Schedules and Annexures, will form the entire agreement which will bind both the Foundation and the grantee for the purposes of the Grant.
1.4. Grantees shall use the Grant only for the specified purpose as detailed in the applicable final ASOW (“Purpose”). The Grant shall be used to complete the Purpose within the timeframe set out and there shall be no variation of the Purpose without the Foundation’s prior written approval. The Foundation will not be obligated to continue funding any Grant that is used for any purpose other than the Purpose or not timely completed, and the Foundation will not be obligated to provide any extension to the timeframe set out in an ASOW for that Purpose.
1.5. A Grant recipient shall perform the Purpose and complete the deliverables and/or milestones to the Foundation’s satisfaction. If a Grant recipient fails to perform the Purpose and deliver the agreed milestones or deliverables to the Foundation’s satisfaction, the Foundation shall be entitled to withhold the disbursement of the Grant (or any portions of it) or terminate the Grant in its sole discretion regardless of the degree to which any portion of any deliverables or milestones have been timely or appropriately completed. For the avoidance of doubt, the Foundation is not obliged to provide any further Grants in the event of any delay or failure of Purpose.
2.1. All Grant applicants (“Applicant”) must either be (i) an adult of at least 18 years old with a track record in his or her related industry; (ii) an established corporation with a track record in its industry and in good legal standing; or (iii) Universities/Professors/Researchers/Students from academic institutions, of whom are legally able to enter into these Terms.
2.2. An Applicant shall not register for this Program if there are legal restrictions in its country of residence or domicile for entering into these Terms or receiving a Grant. It is an Applicant’s sole responsibility to ensure that its participation in the Program is not prohibited by any applicable law, regulation, or rule in its country of residence or domicile. No Person is eligible to receive Grants in any event if such Person is identified in any Sanctions-related list of designated Persons maintained by a Sanctions Authority; (b) any Person operating, organized, or resident in a Sanctioned Country, (c) any Person owned or controlled by any such Person or Persons described in the foregoing clauses (a) or (b), or (d) any Person that is the subject or target of any Sanctions. For purposes hereof, ****“Sanctions” mean all economic or financial sanctions or trade embargoes imposed, administered, or enforced from time to time by a Sanctions Authority, including any such sanctions or embargoes extended to the Cayman Islands; “Sanctions Authority” means OFAC, the U.S. Department of State, the United Nations Security Council, the European Union, any EU member state, Her Majesty’s Treasury of the United Kingdom, Canada, or other relevant sanctions authority; and “Person” means any individual, corporation, limited liability company, trust, joint venture, association, company, limited or general partnership, unincorporated organization, governmental authority, or other entity.
2.3. An Applicant is not eligible to receive Grants in HMT tokens if such Applicant is domiciled in or resident of, or physically present / located in any of UNITED STATES OF AMERICA AND ITS TERRITORIES, DEMOCRATIC PEOPLE’S REPUBLIC OF KOREA, CUBA, SYRIA, IRAN, SUDAN, PEOPLE’S REPUBLIC OF CRIMEA, PEOPLE’S REPUBLIC OF CHINA and jurisdictions in which the Program and/or trading of HMT tokens themselves are prohibited, restricted or unauthorized in any form or manner whether in full or in part under the laws, regulatory requirements or rules in such jurisdiction (hereinafter referred to as “Excluded Jurisdictions”)
2.4. Applicants from Excluded Jurisdictions may, subject to all AML/CFT requirements, be awarded a cash Grant, the quantum and terms of which shall be determined by the Foundation. Applicants are required to provide further personal information, including bank account information of an approved bank to be eligible to receive a cash Grant. Applicants shall be responsible for bearing all costs, bank fees and taxes in connection with the receipt of any cash Grant.
2.5. The Foundation may require an Applicant to furnish such documents and personal information so as to prove its identity, status and/or eligibility for the Program. The Foundation reserves the right to reject an Applicant’s application or eligibility for a Grant if such Applicant is unable to furnish such documents or information to the Foundation’s satisfaction.
2.6. Notwithstanding anything to the contrary in, or any term in, an ASOW, the Foundation shall have the unfettered right to disqualify any application, change the nature of any Grant (including awarding cash instead of HMTs or vice versa) and/or require the termination or refund of any Grant to the Foundation if an Applicant does not comply with these Terms, in the event of any illegality or as necessary to comply with any applicable law.
3.1. The following are the steps an Applicant must follow in order to apply for a Grant. An Applicant is required to remain updated and conform with all additional steps and details as published on the Website or as may be amended from time to time.