Krave Casino — Terms & Conditions

DRAFT — PENDING GAMING COUNSEL REVIEW. NOT YET EFFECTIVE. Version: 0.1 (draft) · Last updated: June 24, 2026

This is an internal working draft prepared for Krave Virtual Ventures Inc. It is written from scratch to cover the standard subject matter a U.S. sweepstakes platform must address. It is not legal advice and must be reviewed, completed, and finalized by a qualified U.S. gaming/sweepstakes attorney before publication. Bracketed items [LIKE THIS] require confirmation.

IMPORTANT NOTICE: These Terms include (1) a binding individual-arbitration provision and (2) a waiver of class, collective, and representative claims, unless you opt out within the period described in the Dispute Resolution section. Please read that section carefully.

1. Introduction & Acceptance

1.1. Krave Casino (the "Platform") is owned and operated by Krave Virtual Ventures Inc. ("Krave," "we," "us," or "our"), a Texas corporation with its registered office at [REGISTERED ADDRESS]. The Platform is accessible at kravecasino.com and through any associated subdomains, successor sites, or applications.

1.2. These Terms & Conditions (the "Terms") form a binding legal agreement between you and Krave governing your access to and use of the Platform and the games offered on it (the "Games"). The Terms incorporate by reference our Privacy Policy, Sweeps Rules, Responsible Gameplay Policy, AML/KYC Policy, and Refund & Chargeback Policy, each of which is a part of this agreement.

1.3. By checking the acceptance box during registration, creating an account, or otherwise accessing the Platform or Games, you confirm that you have read, understood, and agree to be bound by these Terms and all incorporated policies. If you do not agree, you may not access or use the Platform.

1.4. The Platform does not offer real-money gambling. No purchase or payment of any kind is necessary to play, and a purchase will not improve your chances of winning a prize.

2. Definitions

• "Account" means a customer account registered on the Platform.
• "Content" means all text, graphics, interfaces, images, trademarks, logos, audio, software, and other material made available through the Platform, including Gold Coins and Sweeps Coins.
• "Excluded Territory" means any U.S. state or jurisdiction listed in Section 3, and any location outside the United States.
• "Gold Coins" ("GC") means the virtual, entertainment-only currency used for Standard Play. Gold Coins have no monetary value and can never be redeemed for prizes.
• "Prize" means a cash or other reward redeemable using Sweeps Coins in accordance with these Terms and the Sweeps Rules.
• "Promotional Play" means playing Games with Sweeps Coins.
• "Standard Play" means playing Games with Gold Coins.
• "Sweeps Coins" ("SC") means the promotional sweepstakes entries that may be redeemed for Prizes under the Sweeps Rules. Sweeps Coins cannot be purchased.
• "You" means any person who accesses or uses the Platform, whether or not registered.

3. Eligibility & Territorial Restrictions

3.1. You represent and warrant that you are at least 21 years of age (or the age of majority in your jurisdiction, if higher) and are legally permitted to participate.

3.2. The Platform is available only to individuals physically located in, and resident in, the United States, excluding the following states (the "Excluded Territories"):

[COUNSEL TO CONFIRM — list is fast-moving and changes by month] Washington, Idaho, Nevada, Montana, California, Connecticut, New Jersey, New York, Michigan, Louisiana, Indiana, Maine, Tennessee, Maryland — and Oklahoma (effective on or about November 1, 2026) — and any other state or jurisdiction in which participation is prohibited by applicable law or which Krave excludes at its discretion from time to time.

3.3. It is your responsibility to ensure your participation is lawful in your jurisdiction. Using a VPN, proxy, or any method to disguise your true location, or providing false location information, is a breach of these Terms, may constitute fraud, and may subject you to account closure and forfeiture of balances.

3.4. Employees, officers, and contractors of Krave and their immediate family and household members are not eligible to participate in Promotional Play for Prizes.

4. No Purchase Necessary

4.1. No purchase or payment is ever necessary to obtain Sweeps Coins or to win Prizes. Free methods of obtaining Sweeps Coins — including the daily login bonus and the mail-in request method — are described in the Sweeps Rules. Sweeps Coins obtained for free have the same Prize-redemption eligibility as Sweeps Coins received as a bonus with a Gold Coin purchase.

5. Your Account

5.1. One account per person. You may hold only one Account. Operating multiple accounts may result in suspension or closure of all affected accounts.

5.2. Accuracy. All information you provide must be true, complete, and match your government-issued identification. You must keep it current and must not create a new Account to change your details.

5.3. Security. You are solely responsible for safeguarding your login credentials and for all activity under your Account. Notify us immediately at contact@kravecasino.com if you suspect unauthorized access. We strongly recommend enabling multi-factor authentication.

5.4. No transfers. You may not transfer, sell, or trade Gold Coins, Sweeps Coins, Accounts, or Prizes between accounts or to any other person, and you may not convert Gold Coins into Sweeps Coins or vice versa.

5.5. Closure. You may request closure of your Account at any time via contact@kravecasino.com. Closing your Account forfeits access to any remaining Gold Coins, Sweeps Coins, and unredeemed Prizes, except to the extent we are able to facilitate redemption of eligible, verified Prizes.

5.6. We may, in our sole discretion and subject to applicable law, limit, suspend, refuse, or close an Account as described in Section 14.

6. Gold Coins

6.1. Gold Coins are a license to access Standard Play for entertainment only. They have no monetary value and cannot be redeemed, withdrawn, or exchanged for cash or Prizes.

6.2. We may provide Gold Coins free of charge on sign-up, as a daily bonus, or through promotions. You may also win additional Gold Coins in Standard Play or purchase Gold Coin packages on the Platform.

6.3. Purchases of Gold Coins are final. See Section 9 and the Refund & Chargeback Policy.

7. Sweeps Coins

7.1. Sweeps Coins cannot be purchased under any circumstances. Sweeps Coins are obtained only through free and promotional methods, including: (a) the daily login bonus; (b) as a free bonus accompanying certain Gold Coin purchases; (c) the mail-in request method; and (d) other promotions or giveaways, each as described in the Sweeps Rules.

7.2. Sweeps Coins may be used only in Promotional Play and, subject to the playthrough and verification requirements in Section 8 and the Sweeps Rules, may be redeemed for Prizes.

7.3. Expiry. Unless otherwise stated, Sweeps Coins expire sixty (60) days after your last login and may be forfeited if your Account is closed.

7.4. Mistaken credits. Any Gold Coins or Sweeps Coins credited to your Account in error remain our property and may be removed. Prizes mistakenly paid constitute a debt owed to us.

8. Games & Play

8.1. You may participate in a Game only if you hold sufficient Gold Coins or Sweeps Coins, as applicable. Coins committed to play are drawn from your balance immediately and cannot be cancelled once accepted.

8.2. Playthrough. Sweeps Coins must be played through at least one (1) time before becoming eligible for Prize redemption. We may set a higher playthrough requirement (not to exceed ten (10) times) for specific promotional Sweeps Coins, disclosed at the time.

8.3. Game integrity. In the event of any discrepancy between a result shown on your device and our server records, our server records govern. We may void play affected by an obvious error, malfunction, misconfiguration, or bug, and may adjust balances to correct such errors.

9. Purchases & Payment

9.1. Gold Coin packages may be purchased using the payment methods made available on the Platform. The payment method must be lawfully owned by you and in your name.

9.2. We may use third-party payment processors and store payment credentials (e.g., tokens) to process future purchases, in compliance with applicable payment-industry standards.

9.3. No refunds. All Gold Coin purchases are final and non-refundable except as required by law or as stated in the Refund & Chargeback Policy. You agree to notify us of any billing discrepancy within thirty (30) days.

9.4. Chargebacks. Initiating a chargeback or payment reversal may result in immediate Account suspension. Amounts charged back constitute a debt owed to us, and any related Sweeps Coins, Prizes, or winnings may be voided pending resolution. See the Refund & Chargeback Policy.

10. Redemption of Prizes

10.1. Only Sweeps Coins won or held in accordance with these Terms may be redeemed for Prizes, and only after successful identity verification (Section 11). Gold Coins are never redeemable.

10.2. Minimum and value. The minimum redemption threshold is 100 Sweeps Coins, redeemable at an implied rate of 1 SC = US $1. We may set or change fees, minimums, and limits at our discretion.

10.3. State caps. Where required by law (for example, in certain states such as Florida), the maximum redemption value for a single play may be capped at US $5,000, with amounts above the cap reduced accordingly. [COUNSEL TO CONFIRM STATE-SPECIFIC CAPS.]

10.4. Method. Prizes are paid by the method(s) available on the Platform (for example, bank/ACH or supported provider), to an account legally and beneficially owned by you and matching your verified identity. We may require a specific method for security and fraud-prevention purposes.

10.5. Frequency & timing. We process no more than one redemption request per Account per 24-hour period and aim to process requests promptly. We may limit the total value of redemptions to US $10,000 per day, or such other amount as we consider necessary for regulatory, security, or operational reasons. Payment timing may be affected by verification, banking processes, and fraud review. Large redemptions may be paid in installments and may take additional time.

10.6. Accuracy. You are solely responsible for the accuracy of the payout details you provide. If we process a payment using the details you supplied, the redemption is complete and we are not obligated to reissue it.

10.7. Taxes. You are solely responsible for any taxes on Prizes. Where required by law, we will issue an IRS Form 1099-MISC when your aggregate annual Prize redemptions reach US $600, and we may require a valid tax identification number (e.g., SSN/TIN) before processing redemptions at or above applicable thresholds.

11. Verification (KYC/AML)

11.1. You agree that we may conduct identity, age, location, source-of-funds, and other verification checks, directly or through third-party providers, as required by law or our internal policies. See the AML/KYC Policy.

11.2. Until verification is completed to our satisfaction, redemption requests will remain pending and we may restrict your Account. If you do not provide requested documentation within thirty (30) days, we may close or restrict your Account.

11.3. We may apply enhanced due diligence and additional checks for higher-value or higher-risk activity, including for cumulative or single redemptions at or above US $2,000, as further described in the AML/KYC Policy.

12. Responsible Gameplay

12.1. Krave supports responsible gameplay. You may set purchase limits, play limits, and time limits, take a break, or self-exclude, as described in the Responsible Gameplay Policy. We may apply these measures at our discretion where we consider it appropriate.

13. Prohibited Conduct & Fraud

13.1. You will not, directly or indirectly: (a) hack, probe, or attempt to breach the Platform; (b) reverse engineer or tamper with the Games or software; (c) introduce malicious code; (d) use bots, automation, or any system that confers an unfair advantage; (e) collude or cheat; (f) use the Platform to launder money or facilitate any unlawful transfer; or (g) share, sell, or coordinate access codes, identification documents, or promotional offers to mislead us.

13.2. We monitor activity to detect fraud and money laundering. If we suspect fraudulent, unlawful, or improper conduct, we may suspend or close your Account, withhold or void balances and Prizes, and report to relevant authorities. You agree to cooperate with any investigation.

14. Suspension & Closure of Accounts

14.1. We may suspend or close your Account, withhold balances, and void Prizes where we reasonably believe you have, among other things: breached these Terms or the Sweeps Rules; held multiple accounts; provided false information; failed verification; charged back a purchase; participated from an Excluded Territory; used a VPN/proxy to mask location; colluded, cheated, or engaged in fraud or money laundering; or are otherwise ineligible.

14.2. If we close your Account for cause, you may be liable for related losses and will indemnify us as set out in Section 16. We may pass relevant information to regulators or other third parties as permitted by law.

15. Disruptions, Malfunctions & "As Is"

15.1. The Platform is provided "as is" and "as available." To the fullest extent permitted by law, we make no warranties as to its quality, fitness, completeness, accuracy, or uninterrupted availability.

15.2. We are not liable for downtime, interruptions, lag, data loss, or disturbances. In the event of a system malfunction, affected play is void. Where a Game fails to conclude due to a system failure, we will use commercially reasonable efforts to restore the affected Gold Coins or Sweeps Coins.

15.3. We may modify, suspend, add to, or remove any part of the Platform (including Games and Content), including its availability in any territory, at any time and without liability to you.

16. Indemnity & Limitation of Liability

16.1. Indemnity. To the fullest extent permitted by law, you agree to indemnify and hold harmless Krave and its affiliates, officers, directors, employees, agents, licensors, and suppliers from any claims, losses, liabilities, damages, costs, and expenses (including reasonable attorneys' fees) arising out of or related to your use of the Platform, your breach of these Terms, your violation of law or third-party rights, or your acceptance or use of any Prize.

16.2. Limitation. To the fullest extent permitted by law, Krave and the parties listed above will not be liable for any indirect, incidental, consequential, special, exemplary, or punitive damages, or for lost profits, revenue, goodwill, or data. Our aggregate liability to you will not exceed the total amount you paid us in the thirty (30) days before the event giving rise to the claim. If you have paid us nothing in that period, your sole and exclusive remedy is to stop using the Platform and close your Account.

16.3. Nothing in these Terms limits liability that cannot be limited under applicable law, including for death or personal injury caused by our gross negligence or willful misconduct. Some limitations may not apply to you depending on your state of residence.

16.4. [If you reside in California, you waive California Civil Code § 1542 — COUNSEL TO CONFIRM INCLUSION AND WORDING.]

17. Privacy

17.1. Our collection and use of your information is governed by the Privacy Policy, which is incorporated into these Terms and whose acceptance is a prerequisite to registration.

18. Dispute Resolution & Arbitration

[THIS ENTIRE SECTION REQUIRES COUNSEL DRAFTING — venue, administrator, rules, opt-out address, and enforceability vary and have significant legal consequences. The structure below is a placeholder outline only.]

18.1. Informal resolution first. Before initiating arbitration, you and Krave agree to attempt in good faith to resolve any dispute for sixty (60) days after written notice describing the dispute and relief sought, sent to contact@kravecasino.com.

18.2. Binding individual arbitration. Subject to applicable law, disputes not resolved informally will be resolved by final and binding individual arbitration administered by [JAMS / AAA — COUNSEL TO SELECT] under its applicable rules, governed by the Federal Arbitration Act. Arbitration will be conducted [in [VENUE] / remotely].

18.3. Class & collective waiver. To the fullest extent permitted by law, you and Krave waive any right to bring or participate in any class, collective, consolidated, mass, or representative action, and may proceed only on an individual basis.

18.4. Opt-out. You may opt out of this arbitration agreement by sending written notice within 30 days of first accepting these Terms to [OPT-OUT ADDRESS], including your name, Account email, and the statement: "I decline the agreement to arbitrate in the Krave Casino Terms & Conditions." Opting out does not affect your eligibility to use the Platform.

18.5. Temporary relief. Either party may seek temporary injunctive relief in a court of competent jurisdiction pending arbitration.

19. Changes to These Terms

19.1. We may amend these Terms at any time. Updated Terms will be posted on the Platform and are effective on posting. Where an amendment materially reduces your rights, we will notify you and may require you to re-accept before continuing to play. Continued use after changes constitutes acceptance.

20. Governing Law

20.1. These Terms and your use of the Platform are governed by the laws of the State of Texas (counsel to confirm), without regard to conflict-of-law principles. Subject to Section 18, the courts located in [COUNTY], Texas will have exclusive jurisdiction.

21. General

21.1. Entire agreement. These Terms and the incorporated policies are the entire agreement between you and us regarding the Platform and supersede prior communications.

21.2. Severability. If any provision is found invalid or unenforceable, it will be limited or severed to the minimum extent necessary, and the remaining provisions remain in effect.

21.3. No waiver. Our failure to enforce any provision is not a waiver of it.

21.4. Assignment. You may not assign these Terms without our consent. We may assign them, including in connection with a merger, acquisition, or sale of assets.

21.5. Force majeure. We are not liable for failures or delays caused by events beyond our reasonable control.

21.6. No agency. Nothing here creates any partnership, agency, or fiduciary relationship.

21.7. Not a financial institution. We are not a bank or financial institution; you will not receive interest on unredeemed Prizes. We do not provide tax or legal advice.

21.8. Contact. Questions about these Terms: contact@kravecasino.com · [MAILING ADDRESS] · [PHONE].

End of draft. Krave Virtual Ventures Inc. — internal draft for counsel review. Not for publication in current form.