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xStocks Incentive - Bermuda Digital Finance Forum - Official Rules

OFFICIAL TERMS AND CONDITIONS

xStocks Incentive – Bermuda Digital Finance Forum

1. Acceptance of Terms

By participating in this promotion (“Promotion”), you agree to these Official Terms and Conditions (“Terms”) and the Kraken.com Terms of Service, which form a binding agreement.

2. Sponsor

This Promotion is sponsored by Payward, Inc. (“Kraken”).

3. Promotion Type

This Promotion is a limited incentive campaign. Rewards are subject to eligibility, availability, and verification. Rewards are not guaranteed.

4. Eligible Areas

The Promotion is open only to eligible participants residing in jurisdictions where:

  • Kraken services are available; and

  • xStocks products are legally accessible

Void where prohibited.

5. Promotion Period

The Promotion begins on May 11, 2026 at 12:00 AM EST and ends on May 14, 2026 at 11:59 PM EST.

6. Eligibility

To participate, you must:

  • Be at least 18 years old (or the age of majority in your jurisdiction)

  • Hold a valid Kraken Consumer account

  • Complete T3 identity verification (KYC)

  • Be eligible to access xStocks in your jurisdiction

  • Have an account in good standing (not restricted or suspended)

Employees, affiliates, and agents of Kraken are not eligible.

7. How to Participate

To participate in the Promotion:

  1. Log in to your Kraken account during the Promotion Period

  2. Enter the promotional code DFFXSTOCKS in the designated rewards or promotion field

  3. Meet all eligibility requirements

Participation is free. No purchase or trading activity is required to participate.

8. Rewards

Eligible participants may receive:

  • One (1) Franklin Templeton Gold ETF token (xStocks)

  • Approximate value: $200 USD

Rewards are:

  • Limited to 500 total participants

  • Distributed on a first-come, first-served basis

  • Subject to eligibility and verification

  • Not guaranteed

Kraken reserves the right to substitute a reward of equal or greater value if necessary.

9. Account Requirement

A Kraken account is required only for the purpose of receiving the reward.

Participation in the Promotion is not conditional upon opening an account; however, rewards cannot be delivered without one.

10. Reward Distribution

  • Rewards will be credited within approximately 2 days after eligibility is confirmed

  • Kraken may delay, adjust, or withhold distribution where required for compliance or operational reasons

Participants must maintain a valid and eligible account at the time of distribution.

11. Limitations

  • Limit one (1) reward per person

  • Duplicate or multiple claims may result in disqualification

  • Rewards are non-transferable and non-exchangeable

12. Disqualification

Kraken reserves the right to disqualify any participant who:

  • Provides false or misleading information

  • Attempts to abuse or manipulate the Promotion

  • Violates Kraken Terms of Service or applicable law

Kraken may revoke rewards if misconduct is identified after distribution.

13. Risk Disclosure

Digital assets, including tokenized assets such as xStocks, are subject to market volatility and risk. Participation in this Promotion does not constitute investment advice, a recommendation, or an offer to buy or sell any financial product.

14. Taxes

Participants are solely responsible for any taxes, duties, or obligations arising from receipt of a reward.

15. Limitation of Liability

To the maximum extent permitted by law, Kraken is not responsible for:

  • Technical failures or delays

  • Errors in promotion administration

  • Market losses or fluctuations in asset value

  • Any indirect or consequential damages

16. Governing Law and Dispute Resolution

These Terms are governed by the laws of England and Wales.

Any disputes arising from this Promotion shall be resolved through confidential binding arbitration under LCIA rules in London, except where otherwise required by law.

17. General Terms

Kraken reserves the right to:

  • Modify, suspend, or cancel the Promotion at any time

  • Adjust reward distribution

  • Interpret and apply these Terms at its sole discretion

If any provision of these Terms is found unenforceable, the remaining provisions will remain in full force and effect.