Amendment to ARK1 License Agreement and Outsourcing Agreement

Snail, Inc. has entered into Amendment No. 3 to the Amended and Restated Exclusive Software License Agreement with SDE Inc. This amendment, effective April 1, 2026, reduces the monthly licensing fee from $2 million to $1.5 million, with the obligation to cease upon the release of ARK 2. It also modifies the DLC payment structure to a one-time payment of $5 million for certain DLCs. Additionally, Snail, Inc. has entered into a Software Development Outsourcing Agreement with Suzhou Snail for Project Aether, agreeing to pay $1.966 million in four quarterly installments. Both agreements involve related parties, including the CEO and a director of Snail, Inc.