The following Terms and Conditions (these “Terms”) govern the participation of any person, individual or corporation eligible to participate (“You”, “Your”, “Participant”) in the $MET Airdrop Campaign launched by Meteora Comet Limited, a company incorporated in the British Virgin Islands (“Company”). Any person, individual or corporation which engages in any activity in connection with the $MET Airdrop Campaign shall immediately be deemed a Participant and shall be deemed to have agreed to be bound by these Terms. These Terms shall be deemed entered into between the Participant and the Company each a “Party”, collectively the “Parties”. If You do not agree or You do not accept these Terms unreservedly, You may not participate in the $MET Airdrop Campaign and will not qualify to receive any $MET in the $MET Airdrop Campaign. By accepting these Terms, You shall also be bound by any policies, instructions, schedules, guidelines, operating rules, supplementary terms and/or procedures which the Company may publish from time to time on the website at https://met.meteora.ag/ and/or the Company’s related social media channels (collectively the “Public Channels”), which are hereby expressly incorporated herein by reference. In accordance with Clause 7, the Company reserves all rights to disqualify Your participation. The Company may revise these Terms at any time with or without notice to You by publishing the updated Terms on any of the Public Channels. These changes shall take effect from the date of upload, and Your continued participation in the $MET Airdrop Campaign from such date shall be deemed to constitute Your acceptance of such revised Terms. It shall be Your sole responsibility to check the Public Channels for such revisions from time to time. If you do not agree to these Terms, please do not participate in the $MET Airdrop Campaign. $MET is not intended to constitute securities of any form, units in a business trust, units in a collective investment scheme or any other form of investment in any jurisdiction. This document and these Terms do not constitute a prospectus or offer document of any sort and are not intended to constitute an offer of securities of any form, units in a business trust, units in a collective investment scheme or any other form of investment, or a solicitation for any form of investment in any jurisdiction. No regulatory authority has examined or approved of these Terms. No such action has been or will be taken by the Company under the laws, regulatory requirements or rules of any jurisdiction. The provision of these Terms to You does not imply that the Applicable Laws, regulatory requirements or rules have been complied with. In particular, $MET: (a) is not a loan to the Company or any Affiliate; (b) does not provide the holder with any ownership or other interest in the Company or any Affiliate, or any other entity, enterprise or undertaking, or any kind of venture; (c) is not intended to be a representation of currency or money (whether fiat or virtual or any form of electronic money), security, commodity, bond, debt instrument, unit in a collective investment scheme or any other kind of financial instrument or investment; (d) is not intended to represent any rights under a contract for differences or under any other contract the purpose or pretended purpose of which is to secure a profit or avoid a loss; (e) is not a commodity or asset that any person is obliged to redeem or purchase; (f) is not any note, debenture, warrant or other certificate that entitles the holder to interest, dividend or any kind of return from any person; (g) is not intended to be a security, commodity, financial derivative, commercial paper or negotiable instrument, or any other kind of financial instrument between the relevant holder and any other person, nor is there any expectation of profit; and (h) is not an offer or solicitation in relation to gaming, gambling, betting, lotteries and/or similar services and products.Documentation Index
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Definitions
The following definitions shall apply in the interpretation of these Terms:| Term | Definition |
|---|---|
| $MET | means the cryptographically-secure fungible protocol token of the Meteora protocol (as defined below), which is a transferable representation of attributed utility functions specified in the protocol/code of the Meteora protocol. |
| Applicable Laws | means with respect to each Party and any person, any and all applicable laws to which such Party or person is subject, including any and all jurisdictions which may apply. |
| Affiliate | means with respect to any person, any other person directly or indirectly controlling, controlled by or under common control with such person. |
| Digital Wallet | means the digital asset wallet that is compatible with the Solana blockchain network that the Participant shall use for the purpose of participation in the $MET Airdrop Campaign. |
| Indemnified Persons | means the Company, the Company’s group/affiliated entities as well as their respective past, present and future employees, officers, directors, contractors, consultants, equity holders, suppliers, vendors, service providers, parent companies, subsidiaries, Affiliates, agents, representatives, predecessors, successors and assigns. |
| Meteora protocol | means the decentralised Dynamic Liquidity Market Maker protocol (DLMM), as more particularly described at https://docs.meteora.ag/overview/home. |
IT IS HEREBY AGREED:
1. Participation in $MET Airdrop Campaign
1.1. The Company is launching the $MET Airdrop Campaign solely for the purpose of increasing awareness of the Meteora protocol, and to encourage users to participate in the Meteora protocol. Participants which successfully participate in the $MET Airdrop Campaign shall be eligible to receive $MET in their respective Digital Wallet when the same is distributed at the Company’s discretion. You agree and accept that the $MET Airdrop Campaign shall in no way be construed as a sale of $MET or any other digital asset. Participants are responsible for ensuring that the Digital Wallet utilised to participate in the $MET Airdrop Campaign is a self-hosted digital wallet (do NOT utilise an address from an exchange or custodial wallet service as $MET will be delivered to this address). 1.2. The $MET Airdrop Campaign shall run for a duration of approximately 68 weeks from 31 January 2024 to 30 June 2025, or such other period as may be specified by the Company at its sole discretion (“Campaign Duration”). 1.3. In order to be eligible for the $MET Airdrop Campaign, by the last day of the Campaign Duration, Participants should have met any one of the following requirements, including any qualifying conditions as may be determined by the Company from time to time: (a) Qualify as a liquidity provider of the Meteora protocol in accordance with the “LP Stimulus Plan”, including DLMM (Dynamic Liquidity Market Maker) beta users and long-term liquidity providers; (b) Qualify as an eligible “Bin Array Creator” for DLMM pools on the Meteora protocol; (c) Participate in the Launchpad / Launchpool ecosystem on the Meteora protocol, based on on-chain trading fees and points earned, as well as integrations with the Meteora protocol; (d) Qualify as a token creator who used Meteora’s DBC (Dynamic Bonding Curve) technology; (e) Qualify as an expert or active contributor of the Meteora protocol, based on contributions to underlying software for the Meteora protocol, the Meteorites community, or key roles in the protocol’s Discord channel; (f) Qualify as a “Mercurial Stakeholder” in accordance with the “Meteora Plan”; (g) Qualify as an “M3M3 Stakeholder” in accordance with the “Phoenix Rising Plan”; and (h) Qualify as a “JUP Staker” in accordance with the “Phoenix Rising Plan” 1.4. The Company reserves the right to prescribe, at its sole discretion, such other qualifying conditions or restrictions on a user’s participation in the $MET Airdrop Campaign, modify the weightage allocated to any specific condition/task, or to disqualify or prohibit any person from participating or qualifying in any aspect of the $MET Airdrop Campaign for any reason, including without limitation due to a user engaging in Disqualifying Conduct (defined below). 1.5. There are limited numbers of $MET available for distribution to Participants in the $MET Airdrop Campaign, so it will be distributed on a “first-come-first-served” basis. 1.6. The Participant acknowledges that the Company reserves the right to suspend, modify, restrict, cancel, withdraw or amend any aspect of the $MET Airdrop Campaign at its sole discretion without liability to any person. 1.7. Each Participant who enters or participates in any aspect of the $MET Airdrop Campaign represents and acknowledges, without limitation or qualification, that all determinations or decisions made by the Company for the purposes of the $MET Airdrop Campaign are final and binding. The Company shall not entertain any requests for appeal or review. In particular, the Participant acknowledges and accepts that despite any Participant satisfying all prescribed qualifying conditions / restrictions, the Company shall have the sole discretion to decline to deliver $MET to such Participant for any reason whatsoever.2. Claims Process
2.1. Participants may claim awarded $MET from the relevant underlying smart contract or technical service for $MET Airdrop Campaign during the “Claim Period”, which starts from 23rd October 2025 until the expiry date on 23rd April 2026. The expiry date will be six (6) months after the start date of 23rd October 2025. Participants may claim $MET by connecting their Digital Wallet enabling access to the Participant’s Digital Wallet address as notified to the Company under 1.1, approving the relevant smart contract permissions as prompted, and calling a “Claim” function in accordance with the Company’s procedures. Any unclaimed $MET Tokens after the aforementioned claim period shall no longer be available for claim, and shall be dealt with by the Company at its sole and absolute discretion. 2.2. Each Participant shall pay for all blockchain network fees or “gas” which may be required to call a “Claim” function for $MET, or otherwise interacting with any underlying smart contracts deployed on a blockchain network; such fees are typically payable each time a Participant initiates the request to claim $MET. 2.3. Participants are responsible for implementing all reasonable and appropriate measures for securing the Digital Wallet, vault or other storage mechanism that Participants use to store $MET, including any requisite private key(s) or other credentials necessary to access such storage mechanism(s). If a Participant’s private key(s) or other access credentials are lost, such Participant may lose access to $MET. The Company shall not be responsible for any security measures relating to the Participant’s receipt, possession, storage, transfer or potential future use of $MET nor shall the Company be under any obligation to recover or return any such $MET and the Company hereby excludes (to the fullest extent permitted under Applicable Laws) any and all liability for any security breaches or other acts or omissions which result in the Participant’s loss of (including loss of access to) $MET airdropped to the Participant under these Terms. In the event of any loss, hack or theft of $MET, each Participant acknowledges and confirms that it shall have no right(s), claim(s) or causes of action in any way whatsoever against the Company, its Affiliates, representatives, employees, directors and agents.3. Representations, Warranties and Undertakings
3.1. You, the Participant, agree, represent and warrant that: (a) You have read and understood the provisions of these Terms, including all relevant schedules and annexes that may be attached hereto; (b) You have full power and authority to enter into and give effect to Your obligations and undertakings under these Terms, and in the case where You are a corporation or acting on behalf of a corporation:(i) the corporation is a duly organised and validly existing corporation in its place of incorporation and it is not in receivership or liquidation or judicial management or any analogous situation; and
(ii) the corporation has full power and authority to enter into and give effect to its obligations under these Terms and all corporate steps required to give effect to the entry of these Terms have been properly taken.
(c) these Terms constitute a legal and binding obligation and undertaking, and may be enforced to the full extent of the law;
(d) where required, You have approved any approvals under any Applicable Laws for the participation in the $MET Airdrop Campaign;
(e) any expenses that the You may incur in observing these Terms shall be at Your own expense and cost;
(f) You have not engaged in Disqualifying Conduct;
(g) You understand that and no materials, commentary, content provided by the Company and/or the Indemnified Parties shall be considered financial advice, and any financial advice sought by the You in relation to Your participation in the $MET Airdrop Campaign shall be at Your own costs and expense;
(h) You are responsible and shall bear all expenses and costs involved (including but not limited to accountant fees) in determining the tax implications in Your participation of the $MET Airdrop Campaign and the observance of these Terms;
(i) You are responsible for ensuring that Your Digital Wallet is functional and the keys for such, secure, and that it is Your responsibility to contact the Company through the appropriate avenue to resolve any issue with the Digital Wallet;
(j) You have a good understanding of the operation, functionality, usage, storage, transmission mechanisms and all material characteristics of cryptocurrencies, blockchain-based software systems, cryptocurrency wallets or other related token storage mechanisms, blockchain technology, smart contract technology, and staking mechanism, technology or services;
(k) You or (if participating on behalf of a corporation) any of the corporation’s related corporations, directors, officers, employees, agents or any person acting on the corporation’s behalf is NOT an individual or entity that is or is owned or controlled by an individual or entity that (“Sanctioned Persons”):
(ii) the corporation has full power and authority to enter into and give effect to its obligations under these Terms and all corporate steps required to give effect to the entry of these Terms have been properly taken.
(i) is listed by the [British Virgin Islands Financial Services Commission] or the Monetary Authority of Singapore as “designated”, “sanctioned”, “prohibited” or “restricted” (or with other similar terminology) individuals or entities defined in the respective regulations promulgated under the Monetary Authority of Singapore Act (Chapter 186) of Singapore, the United Nations Act (Chapter 339) of Singapore or the Terrorism (Suppression of Financing) Act (Chapter 325) of Singapore or such other law, regulation or rule as may be prescribed by any relevant authority;
(ii) is currently the subject of any sanction administered by the United States Office of Foreign Assets Control of the United States Department of the Treasury (“OFAC”) or any other United States government authority, is not designated as a “Specially Designated National” or “Blocked Person” by OFAC or subject to any similar sanctions or measures imposed or administered by the United Nations Security Council, the European Union, or similar sanctions administered or imposed by any other country (collectively, the “Sanctions”);
(iii) is located, organised or resident in a country or territory that is the subject of such Sanctions (including, without limitation, the Democratic People’s Republic of Korea, the Democratic Republic of Congo, Eritrea, Iran, Libya, Somalia, South Sudan, Sudan and Yemen); or
(iv) has engaged in and is not now engaged in any dealings or transactions with any government, person, entity or project targeted by, or located in any country or territory, that at the time of the dealing or transaction is or was the subject of any Sanctions.
(l) You are not a citizen, resident (tax or otherwise), domiciliary and/or green card holder or other similar certificate of residency of a country (i) where holding tokens, trading tokens, or participating in token sales or distribution, whether as a purchaser or a seller, is prohibited, restricted or unauthorised by applicable laws, decrees, regulations, treaties, or administrative acts, or (ii) where it is likely that the distribution of $MET would be construed as the sale of a security (howsoever named), financial service or investment product (including without limitation the United States of America, Canada, the People’s Republic of China, Democratic People’s Republic of Korea, Cuba, Syria, Iran, Sudan, and the People’s Republic of Crimea (each a Restricted Territory)), nor are you acquiring $MET from any Restricted Territory, nor are you an entity (including but not limited to any corporation or partnership) incorporated, established or registered in or under the laws of a Restricted Territory, nor are you acquiring $MET on behalf of any person or entity from a Restricted Territory.
3.2. You are aware of and agrees that the $MET Airdrop Campaign generally involves significant risk, and You hereby agree to accept the full consequences of all risks that may arise during, before, after and in connection to:
(a) your participation in the $MET Airdrop Campaign and the distribution of $MET;
(b) any loss of digital assets in your Digital Wallet;
(c) the use of $MET in Meteora protocol, any other blockchain network, or for any other purpose;
(d) any potential delay, postponement, suspension, modification or abandonment of the $MET Airdrop Campaign.
3.3. The list under Clause 3.2 shall not be regarded as an exhaustive list of the potential risks associated with Your participation in the $MET Airdrop Campaign and You agree to accept full responsibility for Your own knowledge of all risks that may arise.
3.4. The Company does not take any responsibility for any circumstance or event that may prevent a person from participating in the $MET Airdrop Campaign as a result of technical restrictions, issues, or other limitations such as force majeure, which include (but are not limited to) regulatory considerations, government directives, and government intervention of whatsoever nature.
(ii) is currently the subject of any sanction administered by the United States Office of Foreign Assets Control of the United States Department of the Treasury (“OFAC”) or any other United States government authority, is not designated as a “Specially Designated National” or “Blocked Person” by OFAC or subject to any similar sanctions or measures imposed or administered by the United Nations Security Council, the European Union, or similar sanctions administered or imposed by any other country (collectively, the “Sanctions”);
(iii) is located, organised or resident in a country or territory that is the subject of such Sanctions (including, without limitation, the Democratic People’s Republic of Korea, the Democratic Republic of Congo, Eritrea, Iran, Libya, Somalia, South Sudan, Sudan and Yemen); or
(iv) has engaged in and is not now engaged in any dealings or transactions with any government, person, entity or project targeted by, or located in any country or territory, that at the time of the dealing or transaction is or was the subject of any Sanctions.

