1/2 — Rules Read before committing. ⚫ What you're getting: Synthetic, mirrored exposure to Anthropic's equity performance, not direct share ownership. Your interest is managed by Buidlpad and settled in cash after the post-IPO lockup period. ⚫ If the target isn't met: If the $3M target is not met by May 20, all committed assets are returned in full, including the Subscription Fee. No fees charged. ⚫ Post-IPO lockup: Once your allocation is confirmed, your assets are locked until 6 months after Anthropic's IPO. No early withdrawal. ⚫ When fees are charged: Subscription Fee is 20%, and Performance Fee is 20% on net exposure gains. Subscription Fee is deducted upfront at the time of commitment. The Performance Fee is deducted at settlement, 6 months post-IPO, and applies only if your position is profitable. ⚫ At settlement: 6 months post-IPO, Buidlpad calculates your final payout based on Anthropic's stock price at that time. The Performance Fee is deducted from your gains, and the net amount is settled in stablecoins.