We will issue you a new SAFT on or about April 15, 2020 that corresponds to your current SAFT of record as indicated by the table below, provided that you do not transfer any interest in your current SAFT prior to such date.
Table 1. Allocation and Vesting Summary and Comparison |
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SAFT Tendered |
SAFT Received |
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Name |
Allocation and Vesting Schedule |
Name |
Allocation and Vesting Schedule |
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SAFT |
Total schedule 100% of hbar allocation over: 2% distributed over first week after Open Access Amount remaining 85.75% unvested to be released over remaining 42 months
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SAFT 1N |
Extended schedule for original allocation (measured from Open Access): 1 week + 60 months You will receive the remaining 85.75% of your original hbar allocation over the remaining 54 months of the extended schedule. PLUS Additional hbars distributed over an unknown period until the cumulative value of those additional distributions equals your original SAFT purchase amount (in USD).
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SAFT 2 |
Total schedule 100% of hbar allocation over: 10% distributed over first week after Open Access Amount remaining 75% unvested to be released over remaining 30 months, as of the close of the Offer.
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SAFT 2N |
Extended schedule for original allocation (measured from Open Access): 1 week + 45 months You will receive the remaining 75% of your original hbar allocation over the remaining 39 months of the extended schedule. PLUS Additional hbars distributed over an unknown period until the cumulative value of those additional distributions equals your original SAFT purchase amount (in USD).
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Name |
Allocation and Vesting Schedule |
Name |
Allocation and Vesting Schedule |
SAFT 3A |
Total schedule 100% of hbar allocation over: 20% distributed at Open Access Amount remaining 20% unvested to be released over remaining 2 months, as of the close of the Offer.
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SAFT 3AN |
Extended schedule for original allocation (measured from Open Access): 10 months You will receive the remaining 20% of your original hbar allocation over the remaining 4 months of the extended schedule. PLUS Additional hbars distributed over an unknown period until the cumulative value of those additional distributions equals your original SAFT purchase amount (in USD).
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SAFT 3B |
Total schedule 100% of hbar allocation over: 20% distributed at Open Access Amount remaining 80% unvested to be released on 4 remaining anniversaries of Open Access, as of the close of the Offer. |
SAFT |
Extended schedule for original allocation (measured from Open Access): 5 years You will receive the remaining 80% of your original hbar allocation on the next 5 anniversaries of Open Access. PLUS Additional hbars distributed over an unknown period until the cumulative value of those additional distributions equals your original SAFT purchase amount (in USD).
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Note: the figures above assume a closing date of April 13, 2020. If the deadline for accepting the Offer is extended, it is possible that another distribution of hbars would be made under your original SAFT, in which event the remaining unvested percentage of hbars and the remaining months for distribution of the original allocation would be reduced accordingly. There would be no effect on the terms for the additional distributions of hbars.