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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) license and a Class IIGB (Innovative Insurer General Business) insurance license, 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.

Nature of the Bond Tokens​

Each Bond Token series represents contractual economic entitlements linked to the specific underlying bond assets identified for that series and held to the credit of the Segregated Account.
You acknowledge that:

  • each Bond Token series is a separate class of limited-recourse obligations, and all obligations relating to your Bond Tokens are limited-recourse solely to the specific pool of underlying bond assets, coupon proceeds, redemption proceeds, and reserves linked to that Bond Token series within the Segregated Account;
  • no claim may be made against any other assets of the Segregated Account, including underlying bond assets, coupon proceeds, redemption proceeds, or reserves linked to any other Bond Token series;
  • no claim may be made against Ensuro’s general account, any other segregated account, Bondi Technology Inc., or any affiliate;
  • the Issuer maintains separate sub-accounts, books, or records for each Bond Token series so that assets, coupon proceeds, redemption proceeds, and reserves are identified as linked to the relevant Bond Token series;
  • any tax, operational, administrative, or other shared liability of the Segregated Account that is not attributable to a specific Bond Token series may be allocated across Bond Token series on a fair and reasonable pro-rata basis, unless the applicable Issuer documentation provides otherwise;
  • holders and other creditors in respect of a Bond Token series covenant not to petition for the winding up, liquidation, administration, receivership, or similar insolvency proceeding of Ensuro, the Segregated Account, Bondi Technology Inc., or any affiliate, except to the extent expressly permitted by the applicable Issuer documentation or mandatory law;
  • Bond Tokens do not represent equity, voting rights, or ownership rights of any kind.

Payment Flow​

Coupon payments and principal redemption proceeds flow from the Cell through Ensuro Re Ltd. into Bondi's non-custodial distribution smart contracts, which disburse amounts to your verified and whitelisted wallet address on a pro-rata basis, net of applicable fees. Bondi does not hold or custody funds at any point in this process. Because distributions are executed via non-custodial smart contracts, funds flowing to Bond Token holders are not subject to claims by Bondi's creditors. Your entitlement to receive distributions is contingent on your wallet address remaining whitelisted and your KYC/AML status with Ensuro Re Ltd. remaining in good standing at the time of each distribution event.

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 wallet address must be whitelisted following successful completion of Ensuro Re Ltd.'s KYC/AML verification process. This process is presented on the Bondi platform frontend and is conducted by Ensuro Re Ltd. as regulatory principal, including document verification (via iDenfy), an investor knowledge assessment, PEP screening, AML screening, and blockchain address scanning. Upon Ensuro's verification approval, Bondi whitelists your wallet address on its KYC smart contracts. A wallet that has not been whitelisted cannot interact with gated platform functions regardless of any other status. Your whitelisted status must remain in good standing at the time of each distribution to receive coupon payments and redemption proceeds.

Governing Law​

Your economic rights as a Bond Token holder — including entitlement to coupon payments, redemption proceeds, and limited-recourse protections — arise from and are governed by Bermuda law, the Segregated Accounts Companies Act 2000, and the governing instruments of the Cell administered by Ensuro Re Ltd. Your access to and use of the Bondi Finance platform is governed by the Bondi Finance Terms of Service and the laws of Panama.

Acknowledgment​

By proceeding, you acknowledge that:

  • you understand the limited-recourse structure under Bermuda law;
  • you understand the financial, operational, and smart-contract risks associated with Bond Tokens;
  • you agree to be bound by the Bond Token Participation Agreement (where applicable), the Terms of Service, and the applicable disclosures.

SEAL Safe Harbor​

By proceeding, you also acknowledge and agree to be bound by the SEAL Safe Harbor Agreement for Whitehats adopted by the Bondi Finance Protocol Community on March 22, 2026 (available at https://bafkreiernns2f4nv2uzvwtzjc2jboyivsu2mixz33y3xo7cvtllsuao6jy.ipfs.w3s.link), as a "User" and member of the "Protocol Community" thereunder. Without limiting the foregoing:

  • you consent to Eligible Whitehats attempting Eligible Funds Rescues of any and all Tokens deposited into the Protocol by you, and to the deduction of Bounties from your deposited Tokens to compensate Eligible Whitehats for successful rescues;
  • you acknowledge that Tokens may be lost, stolen, suffer diminished value, or become disabled or frozen in connection with rescue attempts, and you assume all associated risk;
  • you acknowledge that payment of a Bounty as a deduction from your Tokens may constitute a taxable disposition, and you assume all risk of such tax treatment;
  • you agree to hold other Protocol Community Members harmless from any loss, liability, or other damages suffered in connection with attempted Eligible Funds Rescues.

Onchain verification (Base mainnet):