SOFI membership

SOFI Pilates Founding Membership Agreement

Operating entity: SOFI PILATES LYNBROOK INC. Studio: 420 Sunrise Highway, Lynbrook, NY 11563 Contact: contact@sofipilates.com · (516) 588-SOFI

This is the exact text that will be stored in `terms_versions.body` and shown to you before any payment method is saved. Nothing in it takes effect until you accept it.

1. What you are agreeing to today

You are reserving a membership at a studio that has not opened. You are charged $0 today. You save a payment method now, and nothing is taken from it until the studio opens and SOFI has emailed you the exact amount and a cancellation link in advance.

Submitting a request holds nothing. Your place and your rate are confirmed only when the secure payment-method step succeeds and your chosen plan is still available.

2. Your rate, and how long it lasts

SOFI is releasing a total of 25 founder memberships for both rooms. Previously confirmed founder memberships count toward this total; their accepted rates and terms remain unchanged. New founder memberships under this agreement are $269 per month.

The founder rate is held for as long as your membership stays continuous. There is no month count and there is no expiry date. It is not twelve months, and there is no good-standing test: continuous membership is the only condition. The protection begins when your membership starts at studio opening, not when you make this request.

The founder rate is personal to you. It is not transferable, it is not re-offered, and it is never matched or re-discounted for anyone else.

No separate reformer-only or yoga-only founder membership is offered under this agreement. Previously accepted agreements remain attached to the exact terms and rate accepted by that member.

3. The founding window

Founder pricing closes when the 25 founder places are taken or on January 31, 2027, whichever comes first. After it closes, memberships are sold at the published list rate.

4. What your founder membership includes

• Your first freeze is free. One freeze at no charge, on SOFI.
• Priority booking when a class fills.
• Your name on a reformer.

5. How you pay

SOFI offers you a bank account (ACH) first, and a card second. Paying by bank debit costs SOFI materially less than a card, and that difference is part of how these rates are set. You may choose a card instead; the rate is the same either way.

Whichever you choose, your payment method is saved now and charged for the first time only at opening, after the advance notice described in section 1.

6. Cancelling

Cancel any time with seven days' notice.

If you are a founder and you cancel, your founder rate ends with your membership. Rejoining later is at the list rate of that day. The founder rate is not restored. This is the trade the held rate is made of, and it is stated here so it is not a surprise later.

7. Referral pricing — placeholder, not an offer

SOFI intends to publish referral pricing. It is not part of this agreement and nothing here promises a referral reward. No amount, free month, or discount is offered by this document. If and when referral pricing is published, it will appear in a new version of these terms and you will be told.

8. Your rights under New York law

SOFI sells health club services in New York and this agreement is subject to New York General Business Law article 30.

YOU MAY CANCEL THIS CONTRACT WITHOUT ANY PENALTY OR FURTHER OBLIGATION WITHIN THREE (3) BUSINESS DAYS FROM THE DATE OF THIS CONTRACT.

If a refund is due, it is processed within ten (10) business days of your cancellation notice.

You may also cancel and receive a pro-rata refund if the studio does not open, if you move more than twenty-five miles from the studio and no comparable facility is available, or if you become unable to use the facilities because of disability, as provided by GBL § 624.

Financial security

This club has posted the financial security required by law.

SOFI has filed a $50,000 surety bond with the New York Secretary of State under General Business Law article 30, bond number 101959392, issued by Merchants Bonding Company (Mutual) of Des Moines, Iowa, with SOFI PILATES LYNBROOK INC. as principal. It has been filed and active since July 29, 2026.

The bond exists to protect you if the club closes. You may ask a representative of the club for proof of compliance with this law, and you may also obtain that information from the New York State Department of State, Division of Licensing Services, 162 Washington Avenue, Albany, N.Y. 12231.

9. What is not decided here

The following are outside this agreement and are not promised by it: the opening date, the class schedule, the instructor roster, referral pricing, class packs, and any benefit not written in section 4.

10. Contact

Questions about this agreement go to contact@sofipilates.com or (516) 588-SOFI. SOFI answers by email and by phone message; there is no live or 24-hour coverage.