The frequency of distributions for the Original Allocation under each new SAFT will match the frequency of distributions from the corresponding SAFT that you exchange. For example, Hedera will distribute hbars to SAFT 1N holders at least once per quarter; to SAFT 2N holders and SAFT 3AN holders at least once a month; and to SAFT 3BN holders once per year. However, these distributions will be made over a 25% longer timeframe, as compared to the vesting/distribution period from the corresponding SAFT you exchange.
Hedera expects to begin making Bonus Allocation distributions on each new SAFT beginning in the fourth quarter of 2020, or as soon as Hedera begins selling hbars thereafter, and will make subsequent Bonus Allocation distributions at least quarterly (unless no hbars have been sold in the preceding quarter). Hedera cannot predict the aggregate value or quantity of hbars that it will issue in each Bonus Allocation distribution, since both items will vary depending on Hedera’s coin sales, as well as depend on the number of SAFT holders that participate in this Offer. For the same reasons, Hedera also cannot predict how many years it may take to receive the full amount of the Bonus Allocation.