Termination of Material Agreement (Form 8-K)

On April 3, 2026,Sharplink, Inc., a Delaware corporation (the "Company") entered into a mutual termination agreement (the "Galaxy Termination Agreement") with Galaxy Digital Capital Management LP ("Galaxy") in connection with the mutual termination of that certain asset management agreement by and between the Company and Galaxy, dated May 30, 2025, for certain discretionary investment management services with respect to the Company's purchase of Ethereum (the "Galaxy Asset Management Agreement").Pursuant to the Galaxy Termination Agreement, the Galaxy Asset Management Agreement will be terminated effective May 31, 2026.

On April 3, 2026,the Company also entered into a mutual termination agreement (the "ParaFi Termination Agreement" and together with the Galaxy Termination Agreement, the "Termination Agreements"),with ParaFi Capital LP ("ParaFi") in connection with the mutual termination of that certain asset management agreement between ParaFi and the Company, dated May 30, 2025, for certain for certain discretionary investment management services with respect to the Company's purchase of Ethereum (the "ParaFi Asset Management Agreement, and, together with the Galaxy Asset Management Agreement, the "Asset Management Agreements").Pursuant to the ParaFi Termination Agreement, the Galaxy/ParaFi Asset Management Agreement will be terminated effective May 31, 2026.

Neither the Company nor Galaxy or ParaFi shall have any remaining or future obligations or commitments to the other party under the Asset Management Agreements other than those amounts pursuant to the Termination Agreements. Further, the Company is not required to pay Galaxy or ParaFi any termination fees or penalties in connection with the mutual termination of the Asset Management Agreements.

The Company appreciates the collaborative relationships it developed with Galaxy and ParaFi and values their respective contributions to supporting the initial implementation of the Company's Ether ("ETH") treasury strategy. The decision to enter into the Termination Agreements reflects the Company's continued evolution, including the addition of internal asset management personnel, and was not the result of any disagreement with either Galaxy or Parafi.

The foregoing descriptions of the Termination Agreements are not complete and are qualified in its entirety by reference to the full text of the Termination Agreements, copies of which will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the quarter ending March 31, 2026.

There is currently no material relationship between the Company or its affiliates and Galaxy and ParaFi.