Plasma One Cashback and Referral Terms

These Terms and Conditions (these "Terms") govern the cashback rewards program (the "Cashback Program"), the platinum yield boost (the "Yield Boost"), and the referral program (the "Referral Program," and together, the "Programs") offered by Plasma, an exempted company with limited liability incorporated under the laws of the Cayman Islands ("Plasma," "we," "us," or "our"). The Programs are available to holders of the Plasma One Card and Plasma One Platinum Card (each, a "Card"). These Terms supplement your Plasma One Cardholder Agreement (the "Applicable Card Agreement"). In the event of any conflict or inconsistency between these Terms and the Applicable Card Agreement, the Applicable Card Agreement governs.

IMPORTANT: THESE TERMS CONTAIN A BINDING ARBITRATION PROVISION AND CLASS ACTION WAIVER (ARTICLE IX). REWARDS ARE ISSUED AS DIGITAL ASSETS (XPL TOKENS), WHICH ARE NOT LEGAL TENDER, NOT GOVERNMENT-BACKED, NOT FDIC-INSURED, AND MAY DECLINE TO ZERO. YOU ACCEPT ALL RISK OF LOSS.

UK USERS: PLEASE SEE ADDITIONAL DISCLAIMERS AVAILABLE AThttps://www.plasma.to/uk-disclaimer.

Section 1.1 General Requirements

To participate in the Programs you must: (a) hold an active Card with your account ("Card Account") in good standing; (b) be at least eighteen (18) years of age or the age of majority in your jurisdiction; (c) reside in a jurisdiction where the Programs are available; (d) have completed identity verification to Plasma's satisfaction; and (e) not be subject to sanctions maintained by the United States, United Kingdom, European Union, or other applicable authority. Each individual may maintain only one Card Account. Plasma may verify eligibility and request additional documentation at any time; failure to comply may result in suspension or forfeiture of rewards ("Rewards").

Section 1.2 Tiers

The Cashback Program operates on two tiers. Tier changes take effect at the beginning of the next calendar month.

Tier

Cashback Rate

Annual Fee

1%

None

3%

US$TBD ("Platinum Subscription")

Section 2.1 Earning

You earn Cashback Rewards on eligible purchases minus returns, refunds, chargebacks, and credit adjustments ("Qualifying Transactions"). Estimated Rewards are displayed at authorization for informational purposes only ("Optimistic Display"). Rewards vest only upon completion of the Pending Period described in Section 5.1. Plasma determines qualification in its sole discretion. Plasma may offer promotional rates subject to additional terms.

Section 2.2 Excluded Transactions

The following do not earn Rewards: ATM withdrawals; peer-to-peer and person-to-person transfers; currency exchange; tax payments; gift card or prepaid card purchases; money orders and cash equivalents; gambling; quasi-cash transactions; cryptocurrency purchases or sales; wire transfers; balance transfers; cash advances; payment of outstanding balances; transactions with affiliated merchants; transactions Plasma reasonably believes are structured or manufactured to maximize Rewards; and any other transactions Plasma excludes in its sole discretion. Plasma determines transaction eligibility in its sole discretion.

Section 2.3 Monthly Cap

Rewards are subject to a monthly cap of two hundred fifty U.S. dollars ($250) per calendar month for One Card holders and one thousand U.S. dollars ($1,000) per calendar month for Platinum Card holders, as applicable, (the "Monthly Cap"). The Monthly Cap resets on the first day of each calendar month and applies to Cashback Rewards only. Referral Cashback (defined below) is not subject to the Monthly Cap.

Section 3.1 Eligibility

The Platinum Yield Boost (the “Yield Boost”) is available exclusively to Platinum Card holders who maintain an active Platinum Subscription in good standing. The Yield Boost is a promotional benefit and does not constitute a deposit account, savings product, or investment vehicle. Plasma may discontinue or modify the Yield Boost at any time without prior notice.

Section 3.2 Yield Rate

Eligible Platinum Card holders receive a boosted annual percentage yield of five percent (5.00%) (the “Platinum Yield Rate”) on eligible deposits held in their earn account, subject to the Deposit Cap described in Section 3.3. The Platinum Yield Rate is a fixed rate that Plasma may adjust at any time in its sole discretion. The Platinum Yield Rate is not a guaranteed rate of return and past rates are not indicative of future rates.

Section 3.3 Deposit Cap

The Platinum Yield Rate applies only to the first five hundred thousand U.S. dollars ($500,000) in eligible deposits in the Card Account (the “Deposit Cap”). Any deposits in excess of the Deposit Cap earn yield at the standard rate, if any, applicable to the Card Account. The Deposit Cap is calculated on a daily basis. Plasma may adjust the Deposit Cap at any time in its sole discretion.

Section 3.4 Accrual and Payment

Yield accrues daily based on the end-of-day eligible deposit balance and is calculated on the basis of actual days elapsed in a 365-day year. Accrued yield is credited to the Card Account on a schedule determined by Plasma. Plasma may change the accrual methodology, crediting frequency, or yield calculation at any time without prior notice. Display of accrued or projected yield is informational only and does not guarantee payment.

Section 3.5 Disclaimers

The Yield Boost does not constitute a bank deposit, savings account, money market account, or any other deposit product regulated under banking law. The Yield Boost is subject to the limitation of liability, disclaimers, and other protective provisions set forth in these Terms and the standard terms of service located at https://www.plasma.to/terms-of-service.

Section 3.6 Card Issuer Clarification

The Issuer (as defined in your Applicable Card Agreement) of your Card is not the provider, sponsor, administrator, or operator of the Yield Boost. The Yield Boost is exclusively offered, administered, and controlled by Plasma in its sole discretion. Issuer has no responsibility for or control over the Yield Boost, including but not limited to: (a) yield rate determination or changes; (b) deposit eligibility criteria; (c) yield calculations, accrual, or crediting; (d) payment timing or methodology; (e) program modifications, suspensions, or terminations; (f) regulatory characterization or compliance; or (g) any technical, operational, or administrative aspects of the Yield Boost. TO THE MAXIMUM EXTENT PERMITTED BY LAW, ISSUER DISCLAIMS ALL LIABILITY ARISING FROM OR RELATING TO THE YIELD BOOST, INCLUDING ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, PUNITIVE, OR EXEMPLARY DAMAGES, REGARDLESS OF THE THEORY OF LIABILITY. Issuer makes no representations or warranties regarding whether the Yield Boost constitutes a deposit product, savings account, or any other regulated financial product under applicable banking, securities, or other financial services laws. Issuer does not guarantee any yield rate, payment, or performance of the Yield Boost and expressly disclaims any obligation to honor, continue, or replace the Yield Boost if discontinued by Plasma. All inquiries, disputes, or claims relating to the Yield Boost must be directed exclusively to Plasma.

Section 4.1 Referral Mechanics

Participants receive a unique referral link ("Referral Link"). To constitute a qualifying referral ("Qualifying Referral"), the referred individual ("Referred User") must: (a) sign up using the Referral Link; (b) be a new user; (c) complete identity verification; (d) activate a Card; and (e) make a Qualifying Transaction. Plasma may reject a referral at any stage for suspected self-referral, device or IP similarity, fraud, or any other reason.

Section 4.2 Referral Cashback

Participants earn 1% of each Referred User's Qualifying Transactions ("Referral Cashback"), distributed in accordance with the payout schedule in Section 5.1, for up to three (3) months from the Referred User's Card activation. There is no dollar cap on Referral Cashback per Referred User during such period; however, Referral Cashback is subject to all other terms applicable to Cashback Rewards. Referred Users may also receive Rewards as determined by Plasma.

Section 4.3 Referral Data and Privacy

Referring participants may receive limited information regarding the status of their Referral Links, including whether a Referred User has signed up, activated a Card, or completed a Qualifying Transaction. Plasma will not disclose a Referred User's identity, transaction details, or personal information to the referring participant. All personal data collected in connection with the Referral Program is processed in accordance with Plasma's Privacy Policy located at https://www.plasma.to/privacy-policy.

Section 5.1 Payout Mechanics

Rewards accrue in USD and are converted to XPL tokens ("XPL") at the XPL/USD price at payout using pricing sources selected by Plasma. Rewards may remain pending for several days from the transaction posting date (the "Pending Period"). Plasma may change the reward token, pricing methodology, Pending Period, or payout frequency at any time. Display of Rewards is informational only and does not guarantee payment.

Section 5.2 Payout States

Rewards progress through the following states as described in the table below, which is incorporated into and forms part of these Terms:

State

Description

Settled transactions queued for the current week's payout.

Authorized but unsettled transactions, or those within the Pending Period.

Completed payouts with total amount and count.

Section 5.3 Reversals

If a transaction is refunded, reversed, or charged back: Plasma may debit your account, reduce future Rewards, or take any corrective action for fraud, misuse, or Prohibited Activity (defined below).

Section 5.4 Cash Out

You may convert XPL Rewards to USD credited to your Card Account ("Cash Out") at the prevailing XPL/USD rate using Plasma-selected pricing. Cash Out is irrevocable once confirmed. Plasma may impose processing fees, minimum amounts, or other conditions.

Section 5.5 Offset and Non-Transferability

Plasma may offset Rewards against outstanding balances, chargebacks, fraud losses, fees, or compliance costs without prior notice. Rewards are personal and non-transferable; any attempted transfer is void and results in immediate forfeiture.

Section 5.6 Force Majeure and Network Disruption

Plasma shall not be liable for any delay, failure, or interruption of Rewards accrual, payout, or Cash Out resulting from: blockchain network congestion, outage, or fork; smart contract malfunction; regulatory action; sanctions compliance; acts of God; pandemic; cyberattack; or any event beyond Plasma's reasonable control. During any such event, Plasma may suspend payouts, modify the reward token, or take other measures it deems appropriate. Plasma shall use commercially reasonable efforts to resume normal operations and shall not be required to compensate for Rewards that would have been earned, paid, or converted during any suspension period.

Section 6.1 Prohibited Activity

Plasma may, without notice, forfeit all Rewards, suspend or terminate your account, recover previously paid Rewards, report to law enforcement, and pursue all remedies if you engage in any of the following ("Prohibited Activity"): fraud; manufactured spending, transaction structuring, or excessive refund patterns; collusion; providing false information; circumventing program controls; using automated means; maintaining an account primarily to earn Rewards; manipulating tier eligibility; self-referral or referral of family, agents, or associates primarily for Rewards; promoting Referral Links through paid ads (unless authorized) or spam; purchasing or selling Referral Links or Rewards; or any other conduct Plasma deems contrary to the spirit of the Programs.

Section 6.2 Forfeiture

Plasma may forfeit all pending, accrued, and unredeemed Rewards if you close your account, your account is terminated, you violate these Terms or your account is not in good standing. Forfeited Rewards have no cash value and cannot be reinstated. If your account is suspended due to card loss or theft, accrued Rewards will be preserved pending restoration, subject to fraud review.

Section 6.3 Clawback

Plasma may reclaim Rewards earned through Prohibited Activity. Clawback is calculated at the initial distribution amount (not current market value) and may be effected by debiting your Card Account, offsetting future Rewards, deducting from amounts owed to you, or any other available means. Plasma may also clawback Rewards if you return purchases made primarily to meet promotional spending requirements, or engage in gaming or abuse of the Programs.

Plasma may modify any aspect of the Programs, including Reward rates, Monthly Cap, eligibility, excluded transactions, payout schedule, and Referral Reward structure at any time without prior notice. Without limiting the foregoing, Plasma expressly reserves the right to adjust Reward rates, Monthly Caps, tier structures, Referral Cashback terms, yield rates, and any other program parameters on a periodic or ad hoc basis as Plasma determines appropriate in its sole discretion. The initial rates and limits set forth in these Terms are subject to ongoing calibration and may be revised at any time. Changes apply prospectively to Qualifying Transactions occurring after the effective date of such change. Plasma may terminate the Programs in their entirety upon seven (7) days' notice; Rewards that vested prior to the termination effective date shall be paid out in accordance with Section 5.1. Termination of the Applicable Card Agreement automatically terminates these Terms. Closing your Card Account forfeits all unvested and unredeemed Rewards. Continued participation in the Programs after the effective date of any modification constitutes acceptance of such modification.

Section 8.1 Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, PLASMA AND ITS AFFILIATES, OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, AND SERVICE PROVIDERS (THE "PLASMA PARTIES") SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, PUNITIVE, OR EXEMPLARY DAMAGES ARISING FROM THE PROGRAMS, INCLUDING DIGITAL ASSET VALUE FLUCTUATION. PLASMA'S TOTAL AGGREGATE LIABILITY TO YOU FOR ALL CLAIMS ARISING FROM OR RELATING TO THE PROGRAMS SHALL NOT EXCEED THE LESSER OF (A) THE TOTAL ANNUAL FEES, IF ANY, PAID BY YOU TO PLASMA IN THE TWELVE (12) MONTHS IMMEDIATELY PRECEDING THE EVENT GIVING RISE TO THE CLAIM, OR (B) ONE THOUSAND U.S. DOLLARS (US$1,000).

Section 8.2 Disclaimers

THE PROGRAMS ARE PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED. PLASMA DISCLAIMS ALL LIABILITY FOR LOSS OR DAMAGE RELATED TO THE VALUE, LIQUIDITY, OR REGULATORY STATUS OF ANY DIGITAL ASSET. THE PROGRAMS ARE NOT SECURITIES, INVESTMENT CONTRACTS, OR FINANCIAL PRODUCTS.

Section 8.3 Indemnification

You agree to indemnify, defend, and hold harmless the Plasma Parties from all claims, damages, losses, liabilities, costs, and expenses (including attorneys' fees) arising from: (a) your use of the Programs; (b) your breach of these Terms; (c) your violation of any law; (d) fraud, misrepresentation, or misconduct; (e) failure to comply with tax laws; or (f) any dispute between you and a Referred User or third party arising from the Programs.

Section 8.4 Taxes

You are solely responsible for all tax obligations arising from Rewards. Plasma may report to tax authorities as required by law and makes no representations regarding the tax treatment of Rewards. You agree to indemnify Plasma for any tax-related claims arising from your noncompliance.

Section 8.5 Regulatory Clarification

The Programs govern loyalty rewards only and do not constitute an "account" or "electronic fund transfer" under EFTA or Regulation E. Error resolution procedures under Regulation E do not apply to Rewards.

The Issuer (as defined in your Applicable Card Agreement) of your Card is not the provider, sponsor, administrator, or operator of the Programs. Issuer has no control over or responsibility for the Programs, Rewards, XPL tokens, or any aspect thereof. Issuer makes no representations, warranties, or determinations regarding the regulatory status, characterization, or classification of the Programs, Rewards, or XPL tokens under any applicable law. Any disputes, claims, or regulatory inquiries regarding the regulatory characterization, status, or treatment of the Programs, Rewards, or XPL tokens are exclusively between you and Plasma, and Issuer shall have no liability, responsibility, or obligation with respect thereto.

Section 9.1 Governing Law and Arbitration

These Terms are governed by Cayman Islands law. All disputes shall be resolved by final and binding arbitration in the Cayman Islands before a single arbitrator, conducted in English. Each party bears its own costs, except Plasma may recover costs for frivolous claims.

Section 9.2 Class Action Waiver

YOU WAIVE ANY RIGHT TO A JURY TRIAL AND ANY RIGHT TO PARTICIPATE IN A CLASS, COLLECTIVE, REPRESENTATIVE, OR PRIVATE ATTORNEY GENERAL ACTION. THIS WAIVER IS A MATERIAL INDUCEMENT TO PLASMA TO OFFER THE PROGRAMS.

Section 9.3 Confidentiality and Court Relief

All disputes are confidential. You may not disclose arbitration proceedings or awards without Plasma's consent, except as required by law. Notwithstanding the arbitration requirement, Plasma may bring claims in any court of competent jurisdiction and may seek injunctive relief to enforce any provision of these Terms. To the extent any provision conflicts with mandatory consumer protection laws applicable to you, such laws shall control.

Section 10.1 Severability

If any provision is held invalid or unenforceable, it shall be reformed to the minimum extent necessary to render it enforceable while preserving its economic substance. The invalidity of one provision does not affect the validity of any other. If the class action waiver is unenforceable, the arbitration clause remains in effect. If any forfeiture provision is unenforceable, Plasma's rights to modify, suspend, or terminate the Programs and to offset Rewards remain enforceable.

Section 10.2 Assignment and Waiver

Plasma may assign these Terms to any affiliate or successor without your consent; you may not assign without Plasma's written consent. No failure to exercise any right constitutes a waiver.

Section 10.3 Entire Agreement

These Terms, the Applicable Card Agreement, and the Plasma Terms of Use constitute the entire agreement regarding the Programs. Headings are for convenience only. These Terms create no third-party beneficiary rights and no partnership, agency, or employment relationship. The words "include" and "including" mean "without limitation."

Section 10.4 Discretion Standard

To the maximum extent permitted by law, Plasma's discretion under these Terms is exercised in its sole commercial judgment and is not subject to any reasonableness, proportionality, or good faith standard.

Section 10.5 Remedies

Your sole remedy for breach by Plasma is monetary damages limited under Section 8.1. You waive injunctive relief, specific performance, and declaratory relief against any Plasma Party. Plasma may seek injunctive or equitable relief for any breach by you. Notwithstanding any other provision, Plasma may take any action necessary to comply with applicable law without notice, liability, or obligation to refund Rewards.

Section 10.6 Survival

Articles VI, VII, VIII, IX, and X survive termination of these Terms.

Section 10.7 Errors

Report errors to support@plasma.to or within the Plasma One Application within thirty (30) days of the date Rewards were credited or should have been credited. Failure to report within this period waives any related claim. Plasma's determination is final and binding.

Section 10.8 Contact

Plasma

Email: legal@plasma.to

BY USING YOUR CARD, YOU ACKNOWLEDGE THAT YOU HAVE READ, UNDERSTOOD, AND AGREE TO BE BOUND BY THESE TERMS, INCLUDING THE ARBITRATION PROVISION AND CLASS ACTION WAIVER IN ARTICLE IX.