1. What is this Referral Scheme about?

These Referral Promotion Terms set out the terms and conditions under which we, Shares Digital Assets sp. z o.o., are offering to our Users being Belgian residents the opportunity to refer friends, entitling them and their referred friends, subject to eligibility criteria as further detailed below, to receive a reward in the form of Bitcoin (BTC) credited to their respective Crypto-accounts (the “Reward”) (the “Referral Scheme”).

This Referral Scheme is only accessible to Users being Belgian residents that are eligible to refer friends in accordance with these Referral Promotion Terms and have accepted these Referral Promotion Terms.

By accepting these Referral Promotion Terms, referrer and referees expressly acknowledge and agree that they will not be concomitantly eligible to participate in any other referral program implemented by Shares unless otherwise expressly stated.

This Referral Scheme is only available for the period ranging from 10/04/2023 09:00 AM CET until 10/05/2023 11:59 PM CET (the “Referral Period”) as further detailed in these Referral Promotion Terms.

Please carefully read these Referral Promotion Terms including the eligibility criteria set out below. These Referral Promotion Terms are in addition to and should be read together with the terms and conditions of the Application including all Appendices thereto (as they may be amended from time to time, the “App T&Cs”) which are available on https://shares.io/pl/app-terms-and-conditions-en/ and the Crypto Account and Services Agreement including all Appendices thereto (as they may be amended from time to time, the “Crypto T&Cs”) which are available on https://shares.io/pl/crypto-terms-and-conditions-english/ and are each incorporated herein by reference. If there is any inconsistency between the App T&Cs, the Crypto T&Cs and these Referral Promotion Terms, these Referral Promotion Terms will apply.

2. Definitions

To help you more easily understand these Referral Promotion Terms, we have set out below the specific meaning of capitalised terms used throughout these Referral Promotion Terms:

“App T&Cs” - has the meaning given to such term in Section 1 above; “Crypto T&Cs” - has the meaning given to such term in Section 1 above; “Existing User” - has the meaning given to such term in Section 3 below; “KYC” - has the meaning given to such term in Section 3 below;
“Referral Period” - has the meaning given to such term in Section 1 above; “Referral Scheme” - has the meaning given to such term in Section 1 above; “Referral Promotion Terms” - refers to these terms and conditions;

“Referee” - has the meaning given to such term in Section 3 below; “Referrer” - has the meaning given to such term in Section 3 below; “Reward” - has the meaning given to such term in Section 1 above;

“Shares” or “we” - means Shares Digital Assets sp. z o.o., a private limited liability company incorporated under Polish law, having its registered office at ul. Mogilska 43, 31-545 Kraków, Poland, registered with the Register of Entrepreneurs of the National Court Register, maintained by District Court for Kraków-Śródmieście in Kraków, XI Division of the National Court Register, under the KRS number 0000978485.

If a capitalised term is used in these Referral Promotion Terms without being defined above, it shall have the meaning given to this term in the App T&Cs or Crypto T&Cs, as applicable.

3. Am I eligible to the Referral Scheme and what do I need to do to take part in the Referral Scheme and earn the Reward?

To be eligible to refer a friend as a referrer (“Referrer”), you must be a Belgian resident and have:

• successfully completed all Shares onboarding steps, including having approved the App T&Cs and the Crypto T&Cs and completed our “Know your Customer checks” (“KYC”) (an “Existing User”); and
• completed buy Order(s) on the App for a minimum aggregate amount of EUR 50 (including the amount of any Transaction Fees).

To take part in the Referral Scheme as a Referrer, you must share your referral link with friends and family members who are Belgian residents and are not Existing Users at the time of sharing your referral link (each a “Referee”) during the Referral Period. Your referral link is not specific to each Referee and can be reused to introduce multiple contacts and friends.

For each of the first 3 Referees having completed the steps listed in Section 4 below within the Referral Period, you will be awarded a Reward that will consist of EUR 10 worth of Bitcoin (BTC) as further detailed below. If you or any of your Referees do not, or if you or they only partially meet a criterion provided for in these Referral Promotion Terms during the Referral Period, you will not receive a Reward. You will not receive any Reward if you are no longer an Existing User on the Reward(s) grant date as provided below.

Your Reward for a given Referee will be made available on your Crypto-account within 5 days of such Referee having completed the steps listed in Section 4 below.

Your referral link will automatically be rendered invalid if you cease to be an Existing User during the Referral Period.

Referral links are for friends, contacts and family members of the Referrer only and should not be sent out en masse, nor should they be posted to social media or other similar platforms to acquaintances.

4. What does the Referee need to do so that you can both earn a Reward?

To earn a Reward in respect of a given Referee, such Referee must be a Belgian resident and must have completed the following steps within the Referral Period:

• clicked on the referral link received on your behalf;
• successfully completed all Shares onboarding steps, including having approved the App T&Cs and Crypto T&Cs and completed our KYC; and
• completed buy Order(s) on the App for a minimum aggregate amount of EUR 50 (including the amount of any Transaction Fees).

Each of your first 3 Referees having completed the above steps within the Referral Period will receive a Reward that will consist of EUR 5 worth of Bitcoin (BTC) as further detailed below. If you or any of your Referees do not, or if you or they only partially meet a criterion provided for in these Referral Promotion Terms during the Referral Period, they will not receive a Reward. Your Referee(s) will not receive any Reward if they are no longer an Existing User on the Reward(s) payment date as provided below.

Each Referee’s Reward will be made available on its Crypto-account within 5 days of such Referee having completed the steps listed above.

5. How will the Rewards be allocated?

The euro (€) value of a given Reward will be credited to the e-money Account of the Referrer or of a Referee, as applicable, and a buy Order will automatically be submitted in the name of the Referrer or Referee, as applicable, to acquire Bitcoin (BTC) for the relevant Reward’s net euro (€) value (no Transaction Fees will apply). Upon completion of the buy Order in accordance with the Crypto T&Cs, the Referrer’s or Referee’s Crypto-account, as applicable, will be credited with Bitcoin (BTC).

By participating in this Referral Scheme, the Referrer and each of the Referees expressly and irrevocably instruct Shares to submit buy Orders in their respective names and on their behalf for the purchase of Bitcoin for a value equal to the Reward euro (€) equivalent as at the time such buy Order is made.

Due to the inherent nature of a moving market, the value of Bitcoin (BTC) can change, sometimes rapidly and significantly. Shares can therefore not guarantee the quantity of Bitcoin that will be received by the Referrer and the Referees.

6. What other terms and legal information should I know?

If a Reward is sold on the App within 30 days of its receipt, the proceeds of such sale may not be withdrawn from the User’s e-money Account until the expiration of such 30 days period but may be used immediately to invest on the App.

Shares does not offer investment advice and Users should make their own decisions on Investments or seek independent advice from a professional adviser. Nothing in these Referral Promotion Terms represents a recommendation to buy, sell, or hold any particular digital asset.

Any tax implications will depend on the Referrer/Referee’s personal circumstances. If unsure about any tax implications, seeking advice from a tax professional is recommended.

The purpose of this Referral Scheme is to introduce Shares to new users that wish to actively use the services provided by Shares. If we identify any fraud or abusive behaviour aimed to take advantage of this Referral Scheme contrary to its purpose, we may in our sole discretion take any actions we see fit in the circumstances, including disqualifying any Existing Users from participating in the Referral Scheme, revoking and removing a Reward made available or terminating a User Account.

For example, abusive behaviour is considered to be (but is not limited to):

• sending out mass referral links to Referees who subsequently all make their buy Orders to comply with the criteria for the Reward, and then immediately sell their positions to withdraw their funds; or
• Sharing referral links publicly on social media or otherwise online.

Shares reserves the right to alter, amend, extend, shorten or foreclose this Referral Scheme at any time without prior notice for any User. We will notify you about any changes to the Referral Scheme and/or its conditions by updating the Referral Promotion Terms.

By agreeing to these Referral Promotion Terms you agree to receive further marketing communication via email about any future promotions we may offer. You may opt out of or unsubscribe from these emails at any time.

By forwarding the referral link and participating in this Referral Scheme you are consenting to the use of a pseudonymised ID to identify you as the Referrer of your Referees. We handle personal data in accordance with applicable data protection laws and in line with the Shares' privacy policy. This policy should be read and understood in conjunction with these Referral Promotion Terms.

If you have any questions about this Referral Scheme or these Referral Promotion Terms please contact our customer service team via the in App chat function or via email at support-team@shares.io

These Referral Promotion Terms are governed and construed in accordance with the law of the Republic of Poland. The common courts of the Republic of Poland shall have exclusive jurisdiction to settle any dispute or claim arising out of or in connection with this Referral Scheme.

We will not be liable to you for any action or inaction we take pursuant to applicable law and regulation.