Affiliate Policy

This Affiliate Policy ("Policy") governs participation in the Ohayo affiliate program (the "Affiliate Program") operated by OHAYO GROUP HOLDINGS INC. ("Ohayo", "Company", "we", "us", or "our").

This Policy forms part of, and is incorporated into, the Ohayo Terms of Use available at ohayo.global. By applying to or participating in the Affiliate Program, you agree to comply with both this Policy and the Terms of Use.

Participation in the Affiliate Program is subject to approval by the Company.

Applicants must:

• be at least the age of majority in their jurisdiction;
• not be a Restricted Person under the Ohayo Terms of Use;
• comply with applicable laws and regulations; and
• comply with the Ohayo Marketing Guidelines.

The Company reserves the right to approve or reject any affiliate application at its sole discretion.

The Affiliate Program allows approved participants ("Affiliates") to receive a share of trading fees generated by users who access the Ohayo Interface using the Affiliate's referral link or code.

Affiliate rewards are derived from the builder fee share received by the Company from supported trading protocols.

As of the current date:

• Perpetual trading builder fee: 10 basis points (10 bps)
• Spot trading builder fee: 15 basis points (15 bps)

Affiliate rewards represent a portion of the builder fee share received by the Company.

The Company may modify the builder fee share, reward structure, or calculation methodology at any time.

The Affiliate Program supports a multi-level referral structure.

The Company sets a root allocation percentage for each Affiliate ("X₀").

This percentage determines the portion of the builder fee retained at the top level of the referral hierarchy.

The remaining portion may be distributed among downstream Affiliates within that referral chain.

Each Affiliate may choose how much of their remaining allocation to distribute to downstream participants.

Example structure:

• Root Admin (X₀ = 80%) — Remaining share available to the referral chain: 20%
• Root Affiliate (X₁ = 1%) — Remaining share: 19%
• Next Affiliate (X₂ = 14%) — Remaining share: 5%
• Next Affiliate (X₃ = 5%) — Remaining share: 0%

This example is illustrative only. Actual allocation percentages may vary.

The Company may modify, cap, or restructure referral allocations at its discretion.

Referral attribution is determined through referral codes, referral links, and other tracking mechanisms implemented by the Interface.

The Company does not guarantee that all referrals will be correctly attributed in every circumstance, including but not limited to cases involving:

• cookie deletion;
• multiple referral links;
• device changes;
• browser privacy settings;
• ad blockers; and
• platform limitations.

Referral attribution decisions are final and determined by the Company.

Affiliate rewards are:

• denominated in USDC;
• calculated daily; and
• available for manual claim.

A minimum withdrawal threshold of $10 USD applies.

Affiliate rewards may be claimed manually through the Interface.

Where applicable, bridge fees or network fees may be deducted from payouts.

The Company reserves the right to delay, adjust, or withhold payouts if necessary to investigate suspicious activity or violations of this Policy.

Affiliates must not engage in:

• self-referral designed to generate artificial rewards;
• wash trading or circular trading;
• bot-generated trading activity;
• spam marketing;
• misleading or deceptive marketing;
• impersonation of the Company;
• unauthorized use of the Ohayo brand; and
• incentive farming schemes intended to exploit the referral system.

Any attempt to manipulate the referral system or artificially inflate rewards may result in:

• cancellation of rewards;
• suspension from the Affiliate Program; and
• termination of the affiliate account.

Affiliates must not promote the Ohayo Interface to individuals located in jurisdictions where access is restricted under the Ohayo Terms of Use.

This includes, but is not limited to:

• sanctioned jurisdictions; and
• restricted countries designated by the Company.

Affiliates must not misrepresent the regulatory status of Ohayo or claim that the Company is licensed or regulated where it is not.

The Company may suspend or terminate participation in the Affiliate Program at any time if an Affiliate:

• violates this Policy;
• violates the Marketing Guidelines;
• violates the Terms of Use;
• engages in fraudulent activity; or
• creates legal, regulatory, or reputational risk.

Upon termination, any unpaid rewards may be cancelled at the Company's discretion.

The Company may modify or discontinue the Affiliate Program at any time.

Changes may include:

• reward percentages;
• payout structure;
• referral attribution rules; and
• eligibility requirements.

Continued participation in the Affiliate Program after such changes constitutes acceptance of the updated Policy.