Exclusive Reward: Trade $100, Earn $25 USDG

BY PARTICIPATING IN THIS PROMOTION, YOU AGREE TO THESE OFFICIAL TERMS AND CONDITIONS (“TERMS”) AND TO THE KRAKEN.COM TERMS OF SERVICE. THESE TERMS FORM A BINDING CONTRACT BETWEEN YOU AND THE SPONSOR. PLEASE READ CAREFULLY.

1. Sponsor

The sponsor of this Promotion is Payward Interactive, Inc. (“Sponsor,” “Kraken,” “we,” “us,” or “our”).

2. Eligibility

Open only to natural persons who: (a) are legal residents of the United States, excluding residents of New York and Maine; (b) are at least 18 years old or the age of majority in their state of residence, whichever is greater; (c) successfully open a new Kraken Consumer account and complete any required identity verification (KYC/AML) during the Promotion Period; and (d) otherwise comply with Kraken’s Terms of Service and these Terms. Employees, officers, and directors of Sponsor and its affiliates, and members of their immediate families/households, are not eligible. Void where prohibited or restricted by law.

3. Promotion Period

Begins at 12:00 a.m. Eastern Time on September 9, 2025 and continues on an ongoing basis unless and until terminated or modified by Sponsor in its sole discretion (the “Promotion Period”). Announced changes take effect as stated in any notice we provide (e.g., in-app message, site notice, or email).

4. How to Qualify; Reward

During the Promotion Period, an eligible individual who, within 30 days of account approval:

1. Opens a new Kraken Consumer account;

2. Completes all required KYC/AML verification; and

3. Deposits US$100 USD via a qualifying deposit methods: Bank Transfer, Easy Bank Transfer (Plaid), or PayPal

4. executes spot crypto trades totaling at least US$100 in notional value (the “Qualifying Trade”),

will receive one (1) promotional reward of US$25 in USDG (the “Reward”). Limit one (1) Reward per person/account for the life of the Promotion. Rewards will be credited within fourteen (14) business days after Sponsor verifies eligibility and Qualifying Trade activity. Sponsor may substitute a reward of equal or greater value, in its discretion, if USDG is unavailable or impracticable.

5. Exclusions; Non-Qualifying Activity

The following do not count toward a Qualifying Trade and/or may render an account ineligible: futures, margin, staking, stablecoin-to-stablecoin conversions, off-platform transfers, wash trades, self-dealing, referral gaming, VPN circumvention, or any manipulative, fraudulent, or non-bona fide activity (as determined by Sponsor in its sole discretion). Sponsor may further exclude any transaction type or instrument if required by law, regulation, platform risk, or integrity concerns.

6. Account Status; Clawback

Accounts must be active, verified, and in good standing at the time of Reward issuance. Sponsor may withhold or claw back any Reward (including by reversing credits or debiting assets of equivalent value) if: (a) eligibility is not satisfied; (b) prohibited conduct is detected; (c) the account is closed, suspended, or restricted; or (d) these Terms or Kraken’s Terms of Service are violated.

7. Taxes and Reporting

Participants are solely responsible for all taxes associated with the Reward. Sponsor may require completion of tax forms (e.g., Form W-9) and may issue IRS Form 1099 or other tax reporting as required by law. Failure to timely provide required information may result in forfeiture.

8. No Transfer; No Cash Alternative

Rewards are not transferable and no cash alternative or substitutions are permitted, except as expressly provided in Section 4.

9. Publicity

Except where prohibited, acceptance of a Reward constitutes permission for Sponsor and its designees to use participant’s name and general location for advertising and promotional purposes without further notice or compensation.

10. Compliance; Policies; Platform Changes

Participation is conditioned on compliance with applicable laws and regulations, Kraken’s Terms of Service, and platform rules, which may change over time. Sponsor may modify platform features, supported assets, trading pairs, or eligibility criteria, in whole or in part, with or without notice, where permitted.

11. Privacy

Personal information will be processed in accordance with Kraken’s Privacy Notice available at https://www.kraken.com/legal/privacy.

12. General Conditions

Sponsor reserves the right, in its sole discretion, to cancel, suspend, or modify the Promotion (in whole or in part) if fraud, technical failures, force majeure, legal or regulatory changes, market disruption, or any other factor impairs the integrity or proper functioning of the Promotion, or makes continuation illegal, impracticable, or inconsistent with Sponsor policies. Sponsor’s decisions are final and binding on all matters related to the Promotion. If any provision of these Terms is held invalid or unenforceable, the remaining provisions will remain in full force and effect (see Section 15).

13. Release and Limitation of Liability

To the maximum extent permitted by law, by participating you release and hold harmless Sponsor, its parents, subsidiaries, affiliates, and their respective officers, directors, employees, and agents (collectively, the “Released Parties”) from any and all claims, damages, losses, liabilities, costs, and expenses arising from or related to your participation in the Promotion or receipt, use, or misuse of any Reward. This release does not apply to claims that cannot be released as a matter of law. IN NO EVENT WILL THE RELEASED PARTIES BE LIABLE FOR INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES, OR FOR LOST PROFITS, LOST DATA, OR BUSINESS INTERRUPTION, EVEN IF ADVISED OF THE POSSIBILITY. Some jurisdictions do not allow limitations/exclusions; in such cases, the above may not apply to you to the extent prohibited.

14. Dispute Resolution; Arbitration Agreement; Class Action Waiver

Please read this Section carefully. It affects your rights. You and Sponsor agree to resolve any “Dispute” (defined below) through binding individual arbitration and not in court. This Section is intended to be broadly interpreted.

(a) Covered Disputes. “Dispute” means any claim, controversy, or dispute between you and Sponsor arising out of or relating to the Promotion, these Terms, marketing or communications relating to the Promotion, or any Reward, whether based in contract, statute, regulation, ordinance, tort (including fraud, misrepresentation, fraudulent inducement, or negligence), or any other legal or equitable theory, and regardless of when the Dispute arises.

(b) Pre-Arbitration Notice and Informal Resolution. Before either party may commence arbitration, the party seeking arbitration must send the other party a written Notice of Dispute describing the nature and basis of the claim and the requested relief. Send notices to Sponsor at the notice method provided on our site or through the support portal; include your account email and a phone number. We will attempt to resolve the Dispute informally within 60 days after receipt of the Notice of Dispute. If not resolved within 60 days, either party may commence arbitration.

(c) Arbitration Procedure and Rules. Arbitration will be administered by the American Arbitration Association (“AAA”) under its Consumer Arbitration Rules (the “AAA Rules”), as modified by this Section. If the AAA is unavailable, a comparable arbitration provider may be selected by mutual agreement or, failing agreement, by the court. The Federal Arbitration Act (“FAA”) governs the interpretation and enforcement of this Section. The arbitrator has exclusive authority to resolve all threshold issues, including arbitrability and scope, except that a court—not the arbitrator—will decide issues relating to the enforceability or interpretation of the Class Action Waiver below.

(d) Location; Conduct of Arbitration. You may choose to have the arbitration conducted: (i) in the county (or parish) of your residence; (ii) in San Francisco, California; or (iii) by telephone/video conference or documents-only submission, as the arbitrator permits.

(e) Fees and Costs; Relief. Payment of filing, administration, and arbitrator fees will be governed by the AAA Rules. We will reimburse such fees for claims totaling US$10,000 or less, unless the arbitrator determines your claims are frivolous. Each party bears its own attorneys’ fees and costs, except as the arbitrator may award under applicable law. The arbitrator may award individual relief that would be available in court, including injunctions and damages, but may not award relief that affects persons other than you.

(f) Small Claims Court. Either party may bring an individual action in small claims court in lieu of arbitration for claims within that court’s jurisdiction.

(g) Opt-Out. You may opt out of this arbitration agreement by sending written notice within 30 days after you first become subject to this agreement (e.g., by first participating in the Promotion). Your opt-out notice must include your full name, the email associated with your Kraken account, and a clear statement that you wish to opt out of arbitration for this Promotion. Opt-out has no effect on other arbitration agreements you have with Kraken unless expressly stated.

(h) Class and Representative Action Waiver. YOU AND SPONSOR AGREE THAT EACH MAY BRING CLAIMS AGAINST THE OTHER ONLY IN YOUR OR ITS INDIVIDUAL CAPACITY AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS, COLLECTIVE, CONSOLIDATED, OR REPRESENTATIVE PROCEEDING. The arbitrator may not consolidate more than one person’s claims or otherwise preside over any form of a representative or class proceeding. If this waiver is found unenforceable as to a particular claim or request for relief, that claim or request (and only that) must be severed and brought in court, and the remainder shall be arbitrated.

(i) Survival. This Section survives termination of the Promotion and fulfillment or clawback of any Reward.

15. Governing Law; Venue for Non-Arbitrable Claims

These Terms and the Promotion are governed by the laws of the State of Delaware, without regard to conflict-of-laws rules, and by the FAA for matters relating to arbitration. For any claim that is not subject to arbitration (e.g., if the Class Action Waiver is found unenforceable as to a particular claim), the exclusive venue will be the state and federal courts located in San Francisco County, California, and you and Sponsor consent to personal jurisdiction there.

16. Notices

We may provide notices regarding the Promotion by posting to kraken.com, via in-product messages, by email to the address associated with your account, or through our support portal. You are responsible for keeping your contact information current.

17. Entire Agreement; Modifications; No Waiver

These Terms, together with the Kraken Terms of Service and any Promotion-specific disclosures we provide, constitute the entire agreement with respect to the Promotion. We may modify these Terms prospectively by notice. A failure to enforce any provision is not a waiver.

18. Headings; Interpretation

Headings are for convenience only and do not affect interpretation. “Including” means “including without limitation.” In case of conflict between these Terms and any marketing materials, these Terms control.

19. Contact

Questions about the Promotion may be directed through Kraken Support at support.kraken.com.