• Terms & Conditions for the Modak $5 Funding Incentive

created on

Sep 18, 2023


Sep 18, 2023

1. Eligibility

To qualify for the campaign reward, Parent must load funds into a Modak account held in the name of their teenager (“Teen”).

‍2. Qualified funding‍

For a fund transfer to qualify for the $5 reward, the account must be fund between 19/09/2023 - 21/09/2023.

3. Reward allocation‍

Upon qualification, a reward of $5 will be credited to the Teen's account from which the funds were initially credited.

4. Reward timing

The $5 reward will be credited 24 hours after the funds have settled in the account holder's account.

5. Limitations‍

The incentive is applicable only once per account holder. Depositing funds multiple times into a single account will not result in multiple rewards. In other words, duplicate or multiple deposits for the same account holder are ineligible.

6. Multiple accounts‍

In the event an account holder possesses more than one Modak account, the $5 reward applies only to one account. Multiple account funding will not result in multiple rewards.

7. General provisions‍

  • This Campaign will commence immediately upon announcement and will conclude at 11:59 PM (EST) on Thursday, September 21th. Transactions initiated after this period will not qualify for the reward.
  • Modak is not responsible for any technological failures or delays that may prevent account holders from funding or receiving funds.
  • Participation in this campaign constitutes acceptance of these Terms & Conditions.
  • Any fraudulent activity or misuse of the Modak platform or this campaign can result in disqualification from the incentive, at Modak’s sole discretion.
  • All decisions made by Modak regarding this campaign are final and binding.

8. Indemnity‍

By participating in this campaign, the account holder agrees to defend, indemnify and hold harmless Modak, its affiliates, directors, officers, employees, and agents from and against any and all claims, damages, losses, liabilities, costs or expenses (including but not limited to legal fees) arising from participation in the campaign, breach of these Terms & Conditions, or receipt or use of any reward.

9. Governing law‍

These Terms & Conditions are governed by and shall be construed in accordance with the laws of the United States. Any disputes arising out of or in connection with these Terms & Conditions, or this campaign, shall be subject to the exclusive jurisdiction of the State of Delaware courts.

By funding your Modak account, you signify your agreement to these Terms & Conditions.

© 2023 Modak Communities Operating Holdings Inc. All rights reserved.
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