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Important Disclosures
Important Disclosures about Breakout Trading Group LLC ("Breakout"), Payward Oceanic Ltd. ("POL") and the Funded-Trader Program. This product may be accessed through the Kraken user interface but it is not a regulated product and is offered by Breakout and POL.

Evaluation Program
Breakout’s evaluation program is intentionally rigorous and designed to verify a trader’s risk-management skill and strategy discipline before any proprietary capital is allocated. Most applicants do not pass on their first attempt and there is no guarantee that your performance will improve or that you will pass any future evaluations. Prospective traders should purchase an evaluation only if they are confident in their trading ability and accept the risk of not qualifying for a funded account. Evaluation fees are non-refundable for each attempt once trading begins, regardless of outcome.

Funded-Trader Terms
If you pass the evaluation phase and become a funded trader ("FT") with POL, all market-facing transactions, if any, are carried out exclusively by POL, for POL’s own principal account and at its sole discretion. POL has discretion to determine which order type (A or B-book) it will apply. FTs do not own any trading account or position, and hold no beneficial or proprietary interest in POL’s accounts, assets or trades. When an FT submits a trade idea, POL may, in its absolute discretion, either (i) record the idea as an internal, administrative book entry and calculate a hypothetical result without routing any order externally, or (ii) accept the idea for POL’s proprietary book and route the transaction to a market maker or exchange. FTs have no control over, or visibility into, the method POL selects.

Conflicts of Interest
When a funded trader’s balance hits the max-loss line, POL is released from any liability to pay future performance fees — so POL’s financial interest is opposite to yours. POL may receive financial incentives from third parties based on trade ideas provided by FTs. Any such revenue is retained solely by POL and is not shared with FTs. Because such financial incentives are not included in PnL for FTs, conflicts of interest may exist between POL and each FT. FTs should carefully consider these conflicts before participating. In addition, because Breakout earns fees each time an evaluation trader fails and then re-purchases an evaluation, conflicts of interest may also exist between Breakout and each evaluation trader.

Kraken Funded provides a platform interface through which you can connect to an evaluation service. The evaluation is managed by Breakout Trading Group, LLC ("Breakout"). If you pass, you can choose to become an independent contractor and provide trade signals to Payward Oceanic Ltd. (BVI). Kraken acts solely as the platform interface — Kraken does not itself operate the evaluation, make execution decisions, hold funds, or guarantee any payout. This is an unregulated platform interface providing access to services offered by other entities, and is not regulated by the Central Bank of Ireland or any other EU authority. If you pass the evaluation, you are providing trade signals to Payward Oceanic Ltd — you are not trading on your own behalf. Payward Oceanic exercises sole discretion over whether to act on your signals. Any payout is a discretionary performance fee, not a return on investment. Evaluation fees are non-refundable. Availability varies by jurisdiction. The protections afforded by MiCA do not apply to this service. Most applicants do not pass on their first attempt and there is no guarantee that your performance will improve or that you will pass any future evaluations. Prospective applicants should purchase an evaluation only if they are confident in their ability and knowingly accept the risk of not qualifying for a funded account. Evaluation fees are non-refundable for each attempt once trading begins, regardless of outcome. This is not a regulated service.