Overview

The ‘Stake Wall St US$50 Stock Bonus’ promotion (Promotion) is run in Australia and New Zealand by Stakeshop Pty Ltd (ACN 610 105 505), trading as Stake (Stake).

• In Australia, Stakeshop Pty Ltd is an authorised representative (Authorised Representative No. 1241398) of Stakeshop AFSL Pty Ltd (AFSL No. 548196).
• In New Zealand, Stakeshop Pty Ltd is registered as an overseas company (NZBN 9429047452152) and is registered as a Financial Service Provider under the Financial Service Providers (Registration and Dispute Resolution) Act 2008 (FSP No. FSP774414).

The Promotion gives eligible new customers US$50 worth of stock (which may be a fraction of a share) in the company that matches the promo code they use when signing up to Stake (Bonus Stock), after they fund their Stake Wall St account in accordance with these terms. The eligible promo codes (MSGS, NKE and TTWO.) and corresponding stocks are:

• MSGS – Madison Square Garden Sports Corp. (NYSE: MSGS)
• NKE – NIKE, Inc. (NYSE: NKE)
• TTWO – Take-Two Interactive Software, Inc. (NASDAQ: TTWO)

To participate in the Promotion, you must agree to these terms (Promotion T&Cs), which are in addition to the Stake Terms & Conditions that apply in your region (Australia / New Zealand) and the Stake Wall St Rewards Terms & Conditions (Wall St Rewards T&Cs). If there is any inconsistency, these Promotion T&Cs prevail to the extent of the inconsistency in relation to the Promotion.

Key terms by region

The Promotion is only available to customers in the region in which their Stake account is opened, during that region’s Promotion Period.

Eligibility Criteria

To qualify for the Bonus Stock, you must meet all of the following criteria:

1. You did not have an existing funded Stake account (individual or non-individual, including company, trust or SMSF accounts) before the start of the Promotion Period for your region;
2. You enter a valid Promo Code when creating your Stake account during the Promotion Period for your region (The eligible promo codes are MSGS (Madison Square Garden Sports Corp., NYSE: MSGS), NKE (NIKE, Inc., NYSE: NKE) and TTWO (Take-Two Interactive Software, Inc., NASDAQ: TTWO);
3. You create a registered individual Stake account in Australia or New Zealand, including a verified email address, that has been approved for funding by Stake; and
4. You make a Qualified Funding of your Stake Wall St account during the Promotion Period for your region.

For clarity, your account creation, Promo Code entry and Qualified Funding must all occur during the Promotion Period for your region. A funding made after the end of the Promotion Period will not be a Qualified Funding, even if you created your account and entered a valid Promo Code during the Promotion Period.

Qualified Funding

A Qualified Funding is a single deposit of at least the minimum amount for your region set out in the Key terms table above into your individual Stake Wall St brokerage account, made within the Stake platform (i.e. not outside of the Stake platform) using a funding method available to you in the Stake App or Website, during the Promotion Period for your region.

Allocation of Bonus Stock

If you meet all of the Eligibility Criteria, the Bonus Stock will be allocated to your Stake Wall St account within 14 days of your Qualified Funding.

The US$50 will be converted into Bonus Stock on the US trading day on which Stake allocates the Bonus Stock to your account at the time of allocation. The number of shares (or fraction of a share) allocated will be calculated by Stake using the market price of the relevant stock at the time Stake places the order to allocate the Bonus Stock, during applicable trading hours at the time of allocation, so that the value of the Bonus Stock is US$50 at that time. The date and time of allocation, the price used and the number of shares (or fraction of a share) allocated will be shown in your Stake App. The value of the Bonus Stock may go up or down after allocation.

If Stake is unable to allocate the relevant stock within the allocation period set out in the Key terms table (for example, because of a trading halt, suspension, delisting or corporate action affecting that stock), Stake may, at its discretion, either allocate the Bonus Stock as soon as reasonably practicable after the relevant stock becomes available to trade, or allocate US$50 worth of another stock offered under this Promotion (or another reward of equivalent value) instead. Stake will notify affected customers if this occurs.

Interaction with Other Offers

The Bonus Stock is in addition to, and does not affect your eligibility for, the Wall St Funding Reward (free stock for first funding) under the Wall St Rewards T&Cs, provided you separately meet the eligibility criteria for that reward.

Other than the Wall St Funding Reward, the Promotion cannot be used in conjunction with any other Stake promotion, promo code or referral reward.

Restrictions

• Only one Promo Code may be used per person, and only one Bonus Stock can be claimed per person under this Promotion, across Australia and New Zealand.
• Customers are not eligible to set up multiple accounts (including in different regions) to claim the Bonus Stock more than once.
• The Promotion is only available to individual accounts. Non-individual accounts (including company, trust, SMSF trust, SMSF individual and minor accounts) are not eligible.
• Promo Codes will not be accepted retrospectively after an account has been created.
• The Bonus Stock is non-transferable and cannot be exchanged for cash, a different stock or any other reward.

Implications of owning stock

Owning a share in a business comes with fluctuations in price. Share prices fluctuate daily and can be a volatile asset. Stake is not in any way promoting or recommending MSGS, NKE, TTWO or any other stock issued as part of this Promotion. Any information provided does not take into account your personal objectives, financial situation or needs. Before making any investment decision, you should consider whether it is appropriate for you and read the documents that apply in your region: in Australia, the Stake Financial Services Guide and Terms & Conditions; in New Zealand, the Stake Financial Advice Disclosure and Terms & Conditions.

Tax Implications

Australia: You may be liable for capital gains tax on the entire value of the share when sold. This is dependent on your personal circumstances and you should seek advice from a tax professional. There may be other applicable taxes to consider.

New Zealand: Receiving, holding or selling the Bonus Stock may have tax implications for you, including under the foreign investment fund (FIF) rules, depending on your personal circumstances. You should seek advice from a tax professional.

In all regions, you are responsible for any tax consequences that may result from receiving or using the Bonus Stock.

No Affiliation

Stake and its employees are not affiliated with, endorsed by or sponsored by Madison Square Garden Sports Corp., NIKE, Inc., Take-Two Interactive Software, Inc., or any other company or issuer whose stock may be part of this Promotion, or any sports team, league or brand that may be referenced or depicted in promotional material for this Promotion. Stake is not affiliated with any exchange on which the stock may be listed or traded.

Severability

If any provision in these Promotion T&Cs is held to be invalid, void or unenforceable, such provision (or the part of it that is making it invalid, void or unenforceable) will be struck and will not affect the validity and enforceability of the remaining provisions.

Termination and Changes

Stake may suspend or terminate the Promotion (in either or both regions), or a user’s ability to participate in the Promotion, at any time for any reason.

We reserve the right to suspend accounts or remove Bonus Stock if we reasonably believe any activity is abusive, contrary to Stake’s brand values, fraudulent or in violation of the Stake Terms & Conditions. We reserve the right to review and investigate all activity relating to the Promotion and to make decisions at our sole discretion as deemed fair and appropriate.

In particular, Stake reserves the right not to grant the Bonus Stock where Stake, in its reasonable opinion and sole discretion, believes an account was not established, or a funding was not made, for a proper purpose. A proper purpose includes an account being established with the intention to invest. A proper purpose does not include establishing an account with the sole aim of claiming the Bonus Stock.

Stake may require you to submit additional information to determine your eligibility. All decisions regarding eligibility will be final  made by Stake at its discretion, acting reasonably. If you believe there is a discrepancy regarding your Bonus Stock, email

hello@hellostake.com

.

Applicable Law and Jurisdiction

For customers in Australia, these Promotion T&Cs are governed by and construed in accordance with the laws of New South Wales, Australia, and are subject to the jurisdiction of the New South Wales Courts. For customers in New Zealand, these Promotion T&Cs are governed by and construed in accordance with the laws of New Zealand, and are subject to the jurisdiction of the courts of New Zealand.

Nothing in these Promotion T&Cs limits, excludes or modifies any right or remedy that cannot lawfully be limited, excluded or modified.

Updates to the terms

We can update these Promotion T&Cs at any time without prior notice. If we modify these terms, we will post the modification on the Stake website and app, and the modification will be effective upon posting. Continued participation in the Promotion after any modification shall constitute consent to such modification.