The purchase of this NFT constitutes ownership of 1 edition of the work of conceptual art "SEC No-Action Letter Request 2: The #NFT," which consists of the idea of selling NFTs for a work of conceptual art titled "SEC No-Action Letter Request 2: The #NFT." The purchase of this NFT does not constitute ownership of anything other than 1 edition of the work of conceptual art conveyed. Specifically, it does not constitute ownership of the digital image file illustrating this offering, the description of the work of conceptual art titled "SEC No-Action Letter Request 2: The #NFT," or any other work of authorship fixed in a tangible medium.

"SEC No-Action Letter Request 2: The #NFT" is the "sequel" to the work of conceptual art "SEC No-Action Letter Request," which consists of selling editions of a work of conceptual art titled "SEC No-Action Letter Request," which consists of sending a no-action letter request to the SEC, asking it for a letter ruling holding that selling editions of a work of conceptual art titled "SEC No-Action Letter Request" does not violate the securities laws.