BLACK FRIDAY DEPOSIT & TRADE BONUS — OFFICIAL RULES

BY PARTICIPATING IN THE PROMOTION, YOU AGREE TO THESE OFFICIAL RULES AND THE KRAKEN.COM TERMS OF SERVICE, WHICH EACH FORM A CONTRACT. READ THEM CAREFULLY BEFORE ENTERING.

1. Sponsor

1.1 The Sponsor of the Black Friday Deposit & Trade Bonus (the “Promotion”) is Tulip HoldCo Ltd., 2nd Floor, Water’s Edge Building, Wickhams Cay II, Road Town, Tortola, British Virgin Islands (“Sponsor”). Rewards under this Promotion will be provided by Tulip HoldCo Ltd. or an affiliate of Tulip HoldCo Ltd. acting on its behalf. Within the European Economic Area, Instant Buy, Sell and Convert services are provided by Payward Europe Solutions Limited (“PESL”), regulated by the Central Bank of Ireland. In the United States, services are provided by Payward Interactive, Inc.

2. Eligible Areas

The Promotion is open to eligible customers residing in the European Economic Area (“EEA”), the United States (excluding Florida, Maine, New York and Puerto Rico), and other jurisdictions where the Promotion and Kraken’s services are available. Residents of the United Kingdom, Canada, Argentina, Australia, Japan, South Korea, Hong Kong, Turkey, Russia, Brazil, Indonesia, Kuwait, the Philippines, Kazakhstan, New Zealand, Singapore, Afghanistan, Belarus, Cuba, the Democratic Republic of the Congo, Iran, Iraq, Libya, North Korea, Sudan, South Sudan and Syria, and of the Crimea, Donetsk and Luhansk regions of Ukraine, are not eligible. Void where prohibited.

3. Promotion Period

The Promotion begins on 12 November 2026 at 14:00:00 UTC and ends on 1 December 2026 at 14:00:00 UTC (the “Promotion Period”). Kraken’s system clock is the official timekeeper.

4. How to Participate

4.1 Availability of the offer. The offer is available to eligible customers whose Kraken account displays it on the Offers screen in the Kraken app.

Not seeing the offer does not give rise to any entitlement or claim.

The offer is personal and non-transferable.

4.2 Enroll. To participate, enroll in the offer on the Offers screen in the Kraken app during the Promotion Period. Enrollment is available in the Kraken app only. Deposits and trades made before you enroll do not count.

4.3 Qualifying Activity. After enrolling, and before the end of the Promotion Period, you must complete the activity for each Milestone shown in Section 4.6 (“Qualifying Activity”). Only deposits and trades completed after you enroll count.

A “Qualifying Deposit” is an external fiat deposit to your Kraken account made after you enroll and during the Promotion Period. Qualifying Deposits are added together to reach the $1,000 required for Milestone 1.

A “Qualifying Trade” is a purchase, sale or conversion of cryptoassets using Instant Buy in the Kraken app or on kraken.com.

Trading amounts for Milestones 1 to 4 are totals across all Qualifying Trades made after you enroll. The same Qualifying Trades count toward every Milestone.

Milestones 2 to 4 can only be earned once you have completed Milestone 1.

Each Milestone can be earned once.

4.4 Calculation.

Each deposit and trade is valued at its USD equivalent at the time of execution. Deposits and trades in other currencies are converted at Kraken’s prevailing rate, as determined by Kraken. The $1,000 deposit requirement can be met in the equivalent amount in your local currency.

Buy and sell transactions each count toward the trading amounts.

Only completed and settled deposits and transactions count.

4.5 Excluded activity. The following do not count toward any Milestone.

Deposits:

• Crypto deposits.
• Existing balances.
• Transfers between Kraken accounts.
• Deposits made before you enroll or outside the Promotion Period.
• Any deposit that is cancelled, reversed, refunded or charged back.

Trades:

• Fiat-to-stablecoin trades and stablecoin-to-stablecoin trades.
• Activity on Kraken Pro.
• Margin, futures or other derivatives.
• xStocks or stocks.
• Bundles.
• Transactions placed via API.
• Any transaction that is cancelled, reversed, refunded or charged back.

Availability of products and services may vary by jurisdiction.

4.6 Milestones and Rewards. The Milestones and Rewards are shown in the table below and on the Offers screen, and are fixed when the Promotion starts. Rewards stack, up to a maximum of $100 in BTC per customer.

4.7 No free alternative method of entry. There is no free alternative method of entry. This Promotion is an incentive, not a sweepstakes or contest.

5. Reward

5.1 What the Reward is. Each Reward is a USD amount of BTC, as shown in Section 4.6: $10, then an extra $15, $25 and $50, up to a maximum of $100 per customer. The USD amount is converted into BTC at Kraken\u2019s prevailing rate when the Reward is issued, as determined by Kraken.

The value of BTC can go up or down. Once a Reward is added to your account, its value may change.

Kraken makes no statement about the future value of any cryptoasset.

Rewards are not cash.

5.2 Withdrawal hold. All Rewards are subject to a withdrawal hold. You will not be able to withdraw the Reward amount from Kraken until after 23:59:59 UTC on 31 December 2026. During the hold, you can trade the BTC on Kraken.

5.3 Restrictions. Rewards are non-transferable, have no cash alternative, and may not be sold or exchanged. If a Reward becomes unavailable for reasons beyond Kraken\u2019s reasonable control, Kraken may substitute a reward of equal or greater value.

6. Eligibility to Participate

To participate you must:

• Reside in an Eligible Area (Section 2) at the time you enroll.
• Have an individual Kraken Consumer account.
• Be at least 18 years old or the age of majority in your jurisdiction, if higher.
• Agree to these Terms and the applicable Kraken Terms of Service.
• Not be prohibited from participating under applicable law.

Internal and test accounts are not eligible.

7. Disqualification

7.1 Kraken may disqualify any participant and withhold or revoke a Reward if Kraken reasonably determines that the participant has engaged in any of the following:

• Fraud or provided false information.
• Used multiple accounts or colluded with others.
• Executed transactions without genuine economic purpose, including repeatedly buying and selling the same asset in rapid succession solely to reach a trading amount, or transacting with themselves or related accounts.
• Used bots or automated means.
• Masked their location (for example, by VPN or proxy).
• Had deposits or transactions reversed or charged back.
• Otherwise breached these Terms or the Kraken Terms of Service.

7.2 If it is later found that you were resident in an ineligible jurisdiction when you enrolled or received a Reward, Kraken may reclaim the Reward.

7.3 Kraken\u2019s determinations are final, subject to applicable law.

8. Reward Distribution

8.1 Every customer who enrolls and completes a Milestone within the Promotion Period will receive the Reward for that Milestone.

8.2 Each Milestone can be earned once, up to a maximum of $100 in BTC per customer.

8.3 Rewards are credited to your Kraken account. Kraken aims to issue each Reward promptly and in any event within fourteen (14) days after you complete the Milestone.

8.4 To receive a Reward, a participant must, before Reward fulfilment, have: (a) a Kraken Consumer account in good standing; and (b) completed at least Intermediate KYC verification, plus any additional verification required by Kraken or applicable law in the participant\u2019s jurisdiction. If these requirements are not met at the time of distribution, the Reward may be forfeited or clawed back.

8.5 Kraken will notify you on the Offers screen when a Reward is issued, and may also notify you by email to your Kraken account email address.

8.6 Kraken may revoke any Reward issued in error.

9. Consents and Approvals

9.1 Kraken processes your personal data in accordance with the Kraken Privacy Notice at https://kraken.com/legal/privacy. This includes processing to determine eligibility, administer the Promotion and measure its effectiveness.

9.2 Kraken may share necessary information with its affiliates to issue and administer Rewards.

9.3 You consent to receive service communications about the Promotion.

9.4 Participation does not constitute consent to receive marketing communications. Any such consent is separate.

10. Disclaimers

10.1 Kraken is not liable for technical failures, platform outages, delays in issuing Rewards, or events beyond its reasonable control, including force majeure.

10.2 Nothing in these Terms is investment advice or a recommendation to buy, sell or hold any cryptoasset, including BTC.

10.3 Cryptoassets are volatile. Their value can go down as well as up, you may lose some or all of the money you put in, and past performance is not a reliable indicator of future results. The value of a Reward may change after it is added to your account.

10.4 Crypto reward disclaimers by region:

EEA: Not investment advice. Crypto trading involves risk of loss. Payward Europe Solutions Limited, trading as Kraken, is regulated by the Central Bank of Ireland. Terms apply.

US: Not investment advice. Crypto trading involves risk of loss and is offered to US customers through Payward Interactive, Inc. View legal disclosures at kraken.com/legal/disclosures. Terms apply.

Rest of world: See the Kraken Terms of Service at kraken.com/legal/disclosures to determine which legal entity you face, based on where you live. Terms apply.

11. Limitation of Liability, Disputes, and Governing Law

By participating in this Promotion, you agree to and hereby release and hold harmless Tulip HoldCo Ltd. and its affiliates, officers, directors, employees, and agents (collectively, “Kraken”) from any damage, injury, death, loss, claim, action, demand, or other liability (“Claims”) arising from or related to your participation in this Promotion or your receipt or use of any Reward, regardless of whether such Claims, or knowledge of the facts constituting such Claims, exist at the time of entry or arise at any time thereafter. TO THE EXTENT PERMITTED BY APPLICABLE LAW: (1) ANY AND ALL DISPUTES, CLAIMS AND CAUSES OF ACTION THAT CANNOT BE RESOLVED BETWEEN YOU AND KRAKEN ARISING OUT OF OR CONNECTED WITH THE PROMOTION WILL BE RESOLVED INDIVIDUALLY, WITHOUT RESORT TO ANY FORM OF CLASS ACTION; (2) ANY AND ALL CLAIMS, JUDGMENTS, AND AWARDS WILL BE LIMITED TO ACTUAL THIRD-PARTY, OUT-OF-POCKET COSTS INCURRED, IF ANY, NOT TO EXCEED TWENTY-FIVE US DOLLARS (USD $25.00). ATTORNEYS’ FEES ARE NOT RECOVERABLE; (3) YOU WAIVE ALL RIGHTS TO SEEK PUNITIVE, INCIDENTAL, CONSEQUENTIAL, OR SPECIAL DAMAGES, OR LOST PROFITS; AND (4) YOUR REMEDIES ARE LIMITED TO A CLAIM FOR MONEY DAMAGES ONLY AND YOU IRREVOCABLY WAIVE ANY RIGHT TO SEEK INJUNCTIVE OR EQUITABLE RELIEF.

Dispute resolution and governing law are governed by the Kraken Terms of Service applicable to you:

• EEA participants: https://www.kraken.com/legal/eea-terms (including Section 15).
• All other participants: https://www.kraken.com/legal/global-terms.

By participating, you agree to those provisions as they apply to your relationship with Kraken. If you are uncertain which Terms of Service apply to you, please visit https://www.kraken.com/legal.

12. Taxes

You are responsible for any taxes arising from your receipt or use of a Reward, which may have a taxable value in your jurisdiction. Kraken may report or withhold where required by law. Kraken does not provide tax advice.

13. General Terms

13.1 Sponsor reserves the right to modify, suspend, or terminate this Promotion at any time, at its sole discretion, including for fraud, technical, legal or regulatory reasons. A change will not remove a Reward you have already earned, except under Section 7 or where required by law.

13.2 This Promotion is void where prohibited by law.

13.3 Participation in this Promotion does not affect your eligibility for any other Kraken promotion, subject to the terms of that promotion.

13.4 In the event of conflict between these Official Rules and any marketing materials, these Official Rules shall control.

13.5 These Official Rules, together with the Kraken Terms of Service applicable to you, are the entire agreement between you and Kraken regarding the Promotion.

13.6 If any provision of these Terms is unenforceable, the remaining provisions continue in effect.

13.7 Kraken’s failure to enforce any provision is not a waiver of that provision.

13.8 Kraken’s decisions are final, subject to applicable law.

14. Contact

For questions about this Promotion, contact Kraken Support at https://support.kraken.com.