Last revised: 16 June 2022 [Note: TERMS AND CONDITIONS SHOULD BE UPDATED TO TERMS OF USE FOR V2]

These terms and conditions ("Competition Terms") apply to the competitions that Drift Protocol ("Drift", "we", "us" and "our") offers (together, “Competitions” and each, a “Competition”). A Competition may have additional terms and conditions or rules (the "Rules") that will be posted or otherwise provided to you along with the details of that Competition. The Competition Terms and Rules for each Competition will govern such Competition and your participation in that Competition. In the event of a conflict between the Competition’s Terms and the Rules, the Rules will take precedence. Please read these Competition Terms and accompanying Rules carefully before you participate in a Competition.

By participating in a Competition, you represent and agree to be bound by the Competition Terms and the Rules. In order to participate in a Competition offered within the Services (as defined in the Terms & Conditions available at https://app.drift.trade/terms ("Terms and Conditions")), you must agree with the Terms and Conditions and Privacy Policy (available at https://docs.drift.trade/privacy-policy) ("Privacy Policy"). If you do not agree with the Terms and Conditions and Privacy Policy, then you should immediately stop using or accessing the Services.

1. ELIGIBILITY

To be eligible to participate in the Competition (at the relevant time and date of entry):

• if you are participating in the Competition as an individual, you must be of legal age in the jurisdiction in which you reside and you must have the legal capacity to enter into these Competition Terms and be bound by them;
• if you are participating in the Competition as an entity, you must have the legal authority to accept these Competition on that entity's behalf, in which case "you" (except as used in this paragraph) will mean that entity;
• you must not be a resident, national, or agent of Crimea and Sevastopol, Cuba, Iran, North Korea, Sudan, Syria, or any other country to which the United States, the United Kingdom or the European Union embargoes goods or imposes similar sanctions (collectively, the "Restricted Territories");
• you must not be a member of any sanctions list or equivalent maintained by the United States government, the United Kingdom government, the European Union, or the United Nations (collectively, the "Sanctions Lists Persons"); and
• you must meet all additional eligibility requirements set forth in the Rules of the Competition.

Other local rules and regulations may apply to you, so please check your local laws to ensure that you are eligible to participate in the Competition.

Further, Drift reserves the right to limit or refuse your eligibility to participate as well as the right to award prizes in any Competition for any reason in its sole discretion, including where your participation is prohibited by any domestic or foreign law, rule, statute, regulation, by-law, order, protocol, code, decree, directive, requirement, or guideline that is published or in force that applies to or is otherwise intended to govern or regulate any person, property, transaction, activity, event or other matter, including any rule, order judgement, directive or other requirement or guideline issued by any domestic or foreign federal, provincial or state, municipal, local or other governmental, regulatory, judicial or administrative authority having jurisdiction over Drift, you, the Site (as defined in the Terms and Conditions) or the Services, or as otherwise duly enacted, enforceable by law, the common law or equity (collectively, "Applicable Laws"). If Drift becomes aware of any violation of these Competition Terms, the Rules, or the Terms and Conditions, Drift may elect to, among other things, (i) prohibit you from using the Services; or (ii) withhold, amend, or cancel the benefits and/or rewards of any Competition.

1. COMPETITION START AND END TIMES AND CONDITIONS

Each Competition will start and end as described in the Rules applicable to such Competition ("Competition Period") It is your responsibility to check the Competition Rules to stay informed of any changes. Engaging in any activity before or after the Competition Period will not result in receiving any benefits and/or rewards from the Competition. Drift determines in its sole discretion when a Competition Period is deemed to have started and ended.

1. HOW TO PARTICIPATE

To participate in a Competition, during the Competition Period, subject to eligibility, you must follow the instructions in the Rules. Drift reserves the right to limit participants based on IP addresses, Solana network addresses, email addresses, or other factors Drift decides at its sole discretion.