xFLY Bonus Allocation
Terms & Conditions

1. Bonus Selection and Opt-In Requirement

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1.1. Participants in the FLY public sale are offered a one-time choice regarding their token allocation:

• Option A: Receive their FLY allocation in full, without any bonus.
• Option B: Receive a 50% bonus in xFLY applied to their FLY allocation and receive their full allocation in xFLY.

1.2. This selection must be finalized via an explicit opt-in process. Once a participant confirms their choice, the decision is final and irreversible, and cannot be altered or converted back to the standard FLY allocation.

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2. Irreversibility of Bonus Acceptance

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2.1. Participants who opt to receive the 50% bonus in xFLY waive any right to convert their xFLY back to FLY on a 1:1 basis outside of the mechanisms defined below.

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2.2. The only available conversion methods are those expressly outlined in Section 3 of these terms.

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3. xFLY Conversion Mechanisms

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3.1. Participants receiving xFLY may convert it to FLY via one of the following options:

• Standard Conversion: xFLY may be converted to FLY after a mandatory 3-month vesting period, at which point the amount converted will be unlocked as FLY.
• Immediate Conversion: Participants may convert xFLY to FLY at any time, subject to a 50% reduction penalty. Only 50% of the xFLY converted will be redeemable as FLY in this case.

3.2 Vesting Commitment

xFLY may be converted to FLY by entering into a mandatory 3-month vesting period.

• 14-day cancellation window: Participants have 14 days from the vesting start date to cancel the vesting commitment. Upon cancellation, the participant retains their xFLY.
• After this 14-day cancellation window, cancellation is not possible, and the tokens enter into the 3 month (90-day) vesting period.
• Participants may choose to exit their vesting early at any time prior to the 90-day completion.
• Exiting Early will result in a penalty on the amount of xFLY being converted to FLY.
• This penalty starts at 50% from the vesting start date and linearly scales to 0% at the end of the 90-day vesting period.

3.3 Early Exit

Participants may convert xFLY to FLY at any time, without vesting, subject to a 50% reduction penalty. Only 50% of the xFLY converted will be redeemable as FLY in this case.

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4. Acceptance and Legal Agreement

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4.1 By participating in the public sale and selecting a bonus option, participants expressly agree to these Terms and Conditions and acknowledge that all bonus-related rules are final, binding, and non-negotiable.

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4.2 Amendments and Modifications
The issuer reserves the right to amend these Terms and Conditions only to the extent necessary to comply with applicable legal, regulatory, or technical requirements. Such amendments shall not apply retroactively and will not alter or invalidate any participant’s previously confirmed bonus selection or conversion terms. No modification to material terms affecting a participant’s rights or obligations shall be binding without the participant’s prior consent.