Plasma One Rewards Addendum

1. Eligibility and Card Accounts

To participate in the Programs you must (i) hold an active Card and account (“Card Account”) in good standing, (ii) be at least eighteen (18) or the age of majority in your jurisdiction, (iii) reside where the Programs are available, (iv) complete identity verification to Plasma’s satisfaction, and (v) not be subject to sanctions of 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 documentation at any time. Failure to comply may result in suspension or forfeiture of rewards (“Rewards”).

Multiple Cards. A Card Account may include multiple Cards (physical and virtual). The number of Cards available at each Tier, and any fees for additional Cards, are set out in the Help Center. All Cards under a Card Account are treated as a single Card Account for purposes of the Programs: Qualifying Transactions, Cashback bands, caps, and limits are calculated on an aggregate basis across all Cards in the Card Account.

2. Tiers

Plasma offers tiered access to the Programs and related Plasma One features (each a “Tier”): Lite, Core, and Platinum. Current Tier benefits, pricing, lock amounts, and requirements are set out in the Help Center and may change in accordance with Section 9.

• Lite. Lite is free and requires no subscription or XPL lock.
• Core. Subject to eligibility and availability, you may unlock Core by either (i) paying the annual USD subscription fee set out in the Help Center, or (ii) locking the amount of XPL set out in the Help Center in the Locked XPL Vault for twelve (12) months (Section 4).
• Platinum. Platinum may be unlocked only by locking XPL. No subscription or other cash-purchase option is offered for Platinum. The Platinum lock amount in effect at Program launch is an introductory amount available for thirty (30) days following launch. After that period, the required lock amount will be the amount Plasma determines in its discretion, as set out in the Help Center.
• Nature of the lock. Locking XPL is a condition of access to the Platinum Tier and nothing more. Locked XPL is not an investment, security, deposit, or financial product, and Plasma does not offer, promote, or facilitate the acquisition of XPL for investment purposes. Locking confers no yield, interest, additional XPL, or economic, voting, ownership, or governance benefit beyond Tier access. Plasma makes no representation as to the value or future value of XPL. Any decision to acquire XPL is yours alone and is made independently of this Addendum.

Path equivalence. Where both a subscription path and a lock path are offered for a Tier, they are alternative ways of paying for the same Tier features. Neither receives preference, and locking confers no yield, interest, additional XPL, or economic, voting, ownership, or governance benefit beyond Tier access. Once unlocked, Tier benefits run for the applicable Tier period regardless of further activity.

No downgrades. Tier downgrades are not currently supported. You may not downgrade to a lower Tier during an active Tier period, and locked XPL remains locked for the full lock period notwithstanding any request to downgrade, cancel, or close your Card Account (Section 4).

3. Cashback

Earning. Cashback is delivered as consideration for use of your Card on eligible purchases, net of returns, refunds, chargebacks, and credit adjustments (“Qualifying Transactions”). Cashback accrues in U.S. dollars and is paid, by Plasma’s election for each Program or promotion, in XPL as the payment currency or as Spending Credit (Section 7). Neither form of payment changes its character as consideration for card-spend services. Cashback is paid on a tiered, laddered model: rates step down across bands of monthly qualifying spend per your then-current Tier, and certain Tiers are subject to monthly caps, in each case as set out in the Help Center. Estimated Rewards displayed at authorization are informational only. Rewards vest only on completion of the Pending Period (Section 7). Plasma determines transaction qualification in its sole discretion and may offer promotional rates subject to additional terms.

Category cashback. Certain Tiers earn enhanced cashback on specific merchant categories, currently including AI-related merchants and, for Platinum, eligible airlines. Category-cashback rates, bands, monthly limits, and eligible merchant lists are set out in the Help Center. Where a transaction qualifies for a category rate, that rate applies in place of the base Cashback rate. Once a category limit is reached, the base rate continues to apply.

Excluded transactions. The following do not earn Rewards: (i) ATM withdrawals, (ii) peer-to-peer or person-to-person transfers, (iii) currency exchange, (iv) tax payments, (v) gift card, prepaid card, money order, or cash-equivalent purchases, (vi) gambling and quasi-cash transactions, (vii) cryptocurrency purchases or sales, (viii) wire transfers, (ix) balance transfers, (x) cash advances, (xi) payments of outstanding balances, (xii) transactions with affiliated merchants, (xiii) transactions Plasma reasonably believes are structured or manufactured to maximize Rewards, (xiv) the portion of any transaction funded by Spending Credit, and (xv) any other transactions Plasma excludes in its sole discretion.

4. Locked XPL Program

Vault. XPL locked to unlock a Tier is deposited into an on-chain smart-contract vault administered by a Plasma-controlled timelocked multisig (the “Locked XPL Vault”), from your Plasma-supported wallet address set at deposit (the “withdrawalAddress”). The vault enforces in code (i) that locked tokens release only to your pre-set withdrawalAddress and no Plasma action can change that destination, (ii) that the emergency function is pause-only and cannot accelerate or alter lock timing, and (iii) that upgrades cannot change the release time or withdrawal address of deposited positions.

Lock period. The lock period is twelve (12) months from deposit. Locked XPL is not transferable or redeemable during the lock and is released at maturity only to your withdrawalAddress. Adding XPL to upgrade to a higher Tier re-locks the combined balance for a fresh twelve (12) months from the upgrade. You cannot close your Card Account while a lock is active. Plasma does not support early unlock, partial refund, or pro-rata return of locked XPL, including in connection with any requested downgrade or cancellation.

Lock amounts. Required lock amounts per Tier are set out in the Help Center and may change in accordance with Section 9 (including, for Platinum, after the introductory period described in Section 2). Changes apply prospectively and do not affect XPL already locked.

Risk. Locked XPL is not a deposit, is not legal tender, is not government-backed, and is not insured by the FDIC, SIPC, or any equivalent body. The Locked XPL Vault relies on smart-contract code that may contain bugs, exploits, or vulnerabilities. Do not lock XPL unless you can tolerate a total loss of the locked amount and its USD value over the lock period. Plasma makes no guarantee that locked XPL will retain any particular value.

5. Referrals

Mechanics. Participants receive a referral code and link (the “Referral Code”). A referral qualifies (a “Qualifying Referral”) when the referred individual (the “Referred User”) (i) registers for a Plasma One account using the Referral Code, (ii) has never held, controlled, or been the beneficial owner of a Plasma One account, (iii) completes identity verification, and (iv) activates a Card. A Referred User is attributed to the one participant (the “Referrer”) whose Referral Code Plasma’s systems associate with the registration; attribution is final and not transferable, and codes distributed by Plasma directly have no Referrer. Plasma may reject a referral at any stage for suspected self-referral, device or IP similarity, fraud, or any other reason.

Referral Cashback. The Referrer earns Referral Cashback, paid in XPL in accordance with Section 7, on the Referred User’s Qualifying Transactions for the window, at the rate, and up to the cap set out in the Help Center for the Referrer’s Tier. The window is fixed at the Referred User’s registration by reference to the Referrer’s Tier at that time, runs from registration, and is not paused, extended, or restarted by any later Tier change. The rate and cap are those for the Referrer’s Tier at the time of each Qualifying Transaction.

Spend Bonuses. When the Referred User’s captured Qualifying Transactions reach the first-spend threshold across the minimum number of distinct merchants within the first-spend window, and separately when they reach the high-spend threshold within the high-spend window, each as set out in the Help Center, the Referrer and the Referred User each earn the one-time bonus stated in the Help Center for that milestone (the “Spend Bonuses”). Windows run from the Referred User’s registration. Transfers, Send transactions, and any portion of a transaction funded by Spending Credit or other non-Card tender do not count. Spend Bonuses are not available where the country recorded from the Referred User’s identity document is on the excluded-country list in the Help Center.

Upgrade Bonuses. When a Referred User first unlocks Core by paying the subscription fee or locking XPL, or first unlocks Platinum, the Referrer earns the one-time bonus stated in the Help Center for that Tier (the “Upgrade Bonuses”). A free or trial Core period does not qualify. Upgrade Bonuses have no spend condition, are payable once per Referred User per Tier, and are not paid to the Referred User. No Upgrade Bonus is payable for a Platinum unlock, or for a Core unlock made by locking XPL, where the Referrer or the Referred User is a resident of the United Kingdom. The Platinum Upgrade Bonus replaces the Plasma One Platinum Referral Boost for Referred Users who register on or after September 26, 2026. A Referred User who registered before that date remains subject to the Platinum Referral Boost terms at https://www.plasma.org/platinum-referral-rewards, and no Referrer earns both in respect of the same Referred User.

Second-Degree Rewards. Where a Referred User is in turn the Referrer of a Qualifying Referral, the original Referrer earns the percentage stated in the Help Center of each Spend Bonus earned by that Referred User in respect of the second Referred User (the “Second-Degree Rewards”), for the window stated in the Help Center measured from the date the original Referred User’s Qualifying Referral is complete; the second Referred User’s registration or spend does not restart it. Second-Degree Rewards are earned one level removed only, are not earned on Upgrade Bonuses or Referral Cashback, and are unavailable where the underlying Spend Bonus is unavailable.

Payment of Referral Bonuses. Spend Bonuses, Upgrade Bonuses, and Second-Degree Rewards (together, “Referral Bonuses”) are Rewards, accrue when Plasma determines that the qualifying condition has been met, and are paid as Spending Credit in accordance with Section 7 on the payout schedule set out in the Help Center. Plasma may apply a settlement or review delay before payment for any country, Referrer, or Referred User. A notification or display that a Referral Bonus has been earned or is pending does not mean that it has been paid. A Referral Bonus is forfeited if the recipient’s Card Account is closed, suspended, or not in good standing when it would otherwise be paid, and may be reclaimed under Section 8 if the Referred User or any transaction is later determined ineligible.

Privacy. Referrers may see only referral status for their Referred Users (registration, Card activation, and whether a bonus condition has been met) and, for Second-Degree Rewards, only whether a bonus condition has been met, and never any other person’s identity, transaction details, or personal information. Personal data is processed per Plasma’s Privacy Policy at https://www.plasma.org/privacy-policy.

6. Perks and Benefits

Tiers may include additional perks and benefits, such as AI subscription credits, Visa Signature or Visa Infinite benefits, Visa Concierge services, airport lounge access, and other third-party offers, as described in the Help Center. Perks provided by third parties (including all Visa-branded benefits and concierge services) are provided by Visa or the relevant third party, not by Plasma, and are subject to the third party’s own terms, conditions, eligibility requirements, and availability. Plasma does not guarantee, and is not responsible or liable for, third-party perks, which may be modified, suspended, or discontinued at any time without notice. Perks have no cash value, are not transferable, and are not Rewards for purposes of the payout provisions of this Addendum.

7. Payouts, Spending Credit, and Cash Out

Payouts. Rewards accrue in U.S. dollars and are paid, by Plasma’s election, either in XPL or as Spending Credit. The form of payment for each Program or promotion is stated in the Help Center or in the applicable supplemental terms, and Plasma may change it prospectively, including for Rewards that are pending at the time of the change, in accordance with Section 9. Rewards paid in XPL are converted 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 pricing methodology, Pending Period, or payout frequency at any time. Displayed Rewards are informational only and progress through pending, next-payout, and past-payout states shown in the Plasma One application.

Spending Credit. “Spending Credit” is a Reward that Plasma records in a credit record maintained for your Card Account in Plasma’s own ledger and applies, from Plasma’s own resources, against amounts you would otherwise owe on eligible Card transactions. Spending Credit is a conditional, revocable entitlement and not money, a deposit, stored value, electronic money, a prepaid instrument, or a claim to any funds or crypto-assets. Plasma does not hold, set aside, or segregate any funds on your behalf in respect of Spending Credit, and Spending Credit is not credited to your Plasma One wallet or any address or account you control. Only Rewards that Plasma elects to pay as Spending Credit are added to your credit record; you cannot deposit or transfer funds into it. Spending Credit has no cash value, earns no interest or yield, is not insured by the FDIC, SIPC, the FSCS, or any equivalent scheme, is personal to your Card Account, and may not be withdrawn, sent, transferred, assigned, sold, pledged, exchanged, or converted into cash, stablecoins, XPL, or any other asset, used for on-chain sends, off-ramp or withdrawal transactions, or Earn or other yield features, or used for any purpose other than eligible Card transactions. Spending Credit is not eligible for Cash Out. The Plasma One application may display Spending Credit alongside or within your balance for convenience and may show the portion of a transaction funded by Spending Credit; that display does not make Spending Credit part of your Card Account or wallet balance, and balances shown on Send, Earn, and similar screens exclude it.

Using Spending Credit. When you make an eligible Card transaction, Plasma applies available Spending Credit automatically and before your Card Account balance, so that the amount reserved or debited from your Card Account is the transaction amount, including any FX, network, or similar fees, less the Spending Credit applied. Spending Credit may fund all or part of an eligible transaction. Plasma funds the Spending Credit portion through its own settlement arrangements with the Issuer; the amount charged by the merchant is unchanged, Spending Credit is not a discount or price reduction, and Plasma does not become a party to your transaction with the merchant. You may not hold back Spending Credit for a later transaction. Spending Credit is not applied to excluded transactions under Section 3, including ATM withdrawals, cash advances, peer-to-peer transfers, currency exchange, crypto-asset purchases, gift card, prepaid card, and cash-equivalent purchases, gambling and quasi-cash transactions, or to any other transaction, merchant, or category Plasma designates. Plasma determines eligibility and the amount applied by reference to merchant category code, merchant descriptor, and other data available to it, and its determination is final.

Spending Credit earns no Rewards. The portion of any transaction funded by Spending Credit is not a Qualifying Transaction, earns no Cashback, Referral Cashback, or other Reward, and does not count toward any spend band, threshold, cap, or promotional requirement. A transaction funded entirely by Spending Credit earns no Reward.

Refunds, chargebacks, forfeiture, and changes. Where a transaction funded in whole or in part by Spending Credit is refunded, reversed, or charged back and Plasma can match it to the original transaction, Plasma restores the Spending Credit applied to your credit record rather than to your Card Account balance. Where Plasma cannot make that match, or a merchant issues a credit without reference to an original transaction, Plasma may credit the amount to your Card Account, restore it as Spending Credit, or reverse or offset any amount credited to your Card Account in error, in its discretion. Where a Spending Credit-funded transaction is disputed, Plasma may reverse, withhold, or restore the Spending Credit applied. Spending Credit is promotional consideration you have never owned as funds. It does not currently expire, but Plasma may introduce an expiry period prospectively under Section 9. Unapplied Spending Credit is forfeited without compensation if your Card Account is closed for any reason, and Plasma may suspend its application while your Card Account is suspended, frozen, restricted, under review, or otherwise not in good standing and forfeit it if that status is not resolved. Plasma may at any time substitute, for unapplied Spending Credit, payment in XPL or another form of Reward of equivalent U.S. dollar value as determined by Plasma. Spending Credit is otherwise subject to the reversal, offset, suspension, forfeiture, and clawback provisions of this Section 7 and Section 8.

Reversals and Suspension. If a transaction is refunded, reversed, or charged back, Plasma may debit your account, reduce future Rewards, or take corrective action. Plasma may offset Rewards against outstanding balances, chargebacks, fraud losses, fees, or compliance costs without prior notice. Plasma may suspend, withhold, or forfeit any pending, accrued, or unredeemed Rewards, without prior notice, if Plasma suspects fraudulent activity on your Card Account.

Cash Out. You may convert XPL Rewards to U.S. dollars credited to your Card Account through a non-custodial decentralized-exchange aggregator swap executed on-chain from your Plasma One wallet using 0x (operated by 0x Labs and its affiliates). Plasma does not custody, control, or guarantee the swap and is not a party to it. 0x is not registered, licensed, or supervised by any financial regulatory authority for its aggregation activities. The rate received reflects available liquidity, liquidity-provider spreads, slippage, and network gas fees, and may differ from any indicative rate displayed. Cash Out is irrevocable once confirmed on-chain. Plasma may impose processing fees, minimums, or other conditions. Spending Credit is not eligible for Cash Out.

No Liability. Plasma is not liable for delay, failure, or interruption of Rewards accrual, payout, or Cash Out resulting from blockchain congestion, outage, or fork, smart-contract malfunction, regulatory or sanctions action, or any event beyond Plasma’s reasonable control. During such events, Plasma may suspend payouts or modify the reward token without compensation for Rewards that would have been earned, paid, or converted.

8. Fraud, Forfeiture, and Clawback

Prohibited Activity. Plasma may, without notice, forfeit all Rewards, suspend or terminate your account, recover paid Rewards, report to law enforcement, and pursue all remedies if Plasma suspects that you have engaged in (i) fraud, (ii) manufactured spending, transaction structuring, or excessive refund patterns, (iii) collusion, (iv) providing false information, (v) circumventing program controls, (vi) using automated means, (vii) maintaining an account primarily to earn Rewards, (viii) manipulating tier eligibility, (ix) self-referral or referral of family, agents, or associates primarily for Rewards, including registering an account using a Referral Code controlled by the same person or persons acting in concert, (x) promoting Referral Codes through unauthorized paid ads or spam, (xi) buying or selling Referral Codes or Rewards, (xii) funding, lending, or otherwise providing the XPL or subscription fee used by a Referred User to unlock a Tier, or coordinating a Tier unlock, primarily to obtain an Upgrade Bonus, (xiii) structuring referral chains among household members or persons acting in concert to obtain Second-Degree Rewards, or (xiv) any other conduct Plasma deems contrary to the spirit of the Programs (“Prohibited Activity”).

Forfeiture and clawback. Plasma may forfeit all pending, accrued, and unredeemed Rewards, including unapplied Spending Credit, if you close your account, your account is terminated or not in good standing, or you violate this Addendum. Forfeited Rewards have no cash value and cannot be reinstated. If your account is suspended due to card loss or theft, accrued Rewards are preserved pending restoration, subject to fraud review. Plasma may reclaim Rewards earned through Prohibited Activity, which are calculated at the initial distribution amount, not current market value, by debiting your Card Account, offsetting future Rewards, or deducting from amounts owed to you, and may claw back Rewards on returns of purchases made primarily to meet promotional requirements or other gaming or abuse of the Programs.

9. Program Changes and Termination

Plasma may modify any aspect of the Programs, including the parameters set out in the Help Center, Reward rates, cashback bands, tier structures, pricing, lock amounts, eligibility, excluded transactions, payout schedule, the form in which Rewards are paid, the terms and eligible transactions of Spending Credit, perks, and Referral Cashback and Referral Bonus terms, at any time, including by updating the Help Center, subject (where applicable to you) to mandatory consumer-protection laws including, for UK residents, the Consumer Rights Act 2015. Continued use of your Card Account constitutes acceptance of any changes to the Programs. Plasma may terminate the Programs at any time for no reason. Closing your Card Account forfeits all unvested and unredeemed Rewards.

10. Liability, Taxes, and Regulatory Status

Liability. The limitation-of-liability, disclaimer, and indemnification provisions of the Terms of Service apply to the Programs. The Programs are provided “as is” and “as available” and are not securities, investment contracts, or financial products. You agree to indemnify the Plasma Parties against claims arising from your use of the Programs, breach of this Addendum, violation of law, fraud or misconduct, tax noncompliance, or disputes with Referred Users or third parties.

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 tax treatment.

Regulation E. The Programs are loyalty rewards only. Neither Rewards nor Spending Credit constitutes an “account,” a “prepaid account,” or an “electronic fund transfer” under EFTA or Regulation E, and Regulation E error-resolution procedures do not apply to Rewards or Spending Credit.

Issuer. The Issuer (as defined in the Card Agreement) is not the provider, sponsor, administrator, or operator of the Programs, has no control over or responsibility for the Programs, Rewards, Spending Credit, or XPL tokens, makes no representations regarding their regulatory status or classification, and has no liability with respect to them. Spending Credit is not issued by, funded by, or an obligation of the Issuer, and Plasma’s funding of the Spending Credit portion of a transaction is a matter between Plasma and the Issuer. Any such disputes, claims, or regulatory inquiries are exclusively between you and Plasma.

11. General

The severability, assignment, waiver, and entire-agreement provisions of the Terms of Service apply to this Addendum. This Addendum, the Terms of Service, and the Card Agreement together constitute the entire agreement regarding the Programs. If any forfeiture provision is unenforceable, Plasma’s rights to modify, suspend, or terminate the Programs and to offset Rewards remain enforceable. Plasma exercises its discretion under this Addendum in its commercial judgment and, for UK residents and other users protected by mandatory consumer-protection law, in a reasonable and proportionate manner consistent with that law. Nothing in this Addendum limits non-waivable rights under such laws. Sections 4 through 11 survive termination. Report Reward errors to support@plasma.org or in 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.

BY USING YOUR CARD, YOU ACKNOWLEDGE THAT YOU HAVE READ, UNDERSTOOD, AND AGREE TO BE BOUND BY THIS ADDENDUM AND THE TERMS OF SERVICE, INCLUDING THE ARBITRATION AGREEMENT AND CLASS ACTION AND JURY TRIAL WAIVER IN SECTION 15 OF THE TERMS OF SERVICE.