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Bond Token Terms Acceptance

You are being issued Bond Tokens ("Bond Tokens") linked to publicly traded, USD-denominated corporate bonds held within a segregated account designated "Bondi Finance" (the "Cell") of Ensuro Re Ltd., a Bermuda-registered Segregated Accounts Company. Ensuro Re Ltd. holds a Class F Digital Asset Business (DAB) licence and a Class IIGB (Innovative Insurer General Business) insurance licence, both issued by the Bermuda Monetary Authority. Bondi Technology Inc. acts as Account Owner and platform operator; it does not itself issue Bond Tokens or hold underlying bond assets. The Cell is the sole issuer of Bond Tokens and the underlying bond assets are custodied through a licensed investment broker.

By completing your subscription, you confirm the following:

Acceptance of Governing Agreements​

You have reviewed and accepted:

  • the Bond Token Participation Agreement executed with Bondi Technology Inc.;
  • the Bondi Finance Terms of Service; and
  • the Disclosures and Risk Statements published in the Bondi documentation portal.

These documents, together with this acceptance, form the contractual framework governing your participation. Where a conflict arises between these documents on matters relating to Bond Token issuance, token-holder rights, or Cell-level mechanics, the Issuer's governing documents for the applicable Cell control, consistent with the Terms of Service.

Nature of the Bond Tokens​

Bond Tokens represent contractual economic entitlements to the underlying bond assets held to the credit of the Cell. You acknowledge that:

  • all obligations relating to Bond Tokens are limited-recourse solely to the assets of the Cell under Bermuda's Segregated Accounts Companies Act 2000;
  • no claim may be made against Ensuro's general account, any other segregated account, Bondi Technology Inc., or any affiliate;
  • where your Bond Token series is linked to a basket of underlying bonds, your interest is a pro-rata economic interest in the pooled assets of that series, not a claim to any individual bond within the basket;
  • Bond Tokens do not represent equity, voting rights, or ownership rights of any kind, whether in Bondi Technology Inc., Ensuro Re Ltd., or the underlying bond issuer.

Payment Flow​

Coupon and principal redemption proceeds flow from the Cell through Ensuro Re Ltd. into Bondi's non-custodial distribution smart contracts, which disburse amounts to verified Bond Token holder wallets on a pro-rata basis, net of applicable fees. Bondi does not hold, custody, or intermediate these funds at any point; all distributions are executed programmatically via smart contract.

Default and Passive Holdership​

In the event of a default, restructuring, or analogous event affecting an underlying bond, the Cell's policy is one of passive holdership: neither Bondi nor the Cell will exercise voting, consent, acceleration, or enforcement rights attaching to the underlying bond on your behalf. You will receive, pro-rata and net of fees, only amounts actually received by the Cell in respect of the bond, if and when received. See the Terms of Service for the full default and passive holdership provisions.

No Offer of Securities​

Information provided by Bondi does not constitute a public securities offering or solicitation. Bond Tokens are not registered under the U.S. Securities Act of 1933 or under any other securities regulation.

Jurisdictional Eligibility​

You confirm that you are not a U.S. Person and that you are not located in, resident of, or accessing from any restricted jurisdiction, and you understand that onboarding is not permitted for individuals or institutions in those jurisdictions.

KYC and Redemption Requirements​

To receive Bond Tokens, coupon distributions, or principal redemption (including at maturity), your KYC status must be fully verified and in good standing. KYC/AML verification is conducted by Ensuro Re Ltd. as Class F DAB licence holder and regulatory principal; Bondi presents Ensuro's verification flow on its frontend and whitelists your wallet address upon Ensuro's confirmation of approval. Failure to maintain KYC/AML approval will prevent interaction with gated smart contract functions, including minting, coupon distributions, and redemptions.

SEAL Safe Harbor​

By proceeding, you also consent to be bound by the SEAL Safe Harbor Agreement for Whitehats as adopted by Bondi (Base mainnet, March 22, 2026), as set out in full in the Terms of Service.

Acknowledgment​

By proceeding, you acknowledge that:

  • you understand the limited-recourse structure under Bermuda law;
  • you understand the non-custodial payment flow described above;
  • you understand the financial, operational, and smart-contract risks associated with Bond Tokens;
  • you agree to be bound by the Participation Agreement, the Terms of Service, and the applicable disclosures.