Fundition is a great project. There were zero terms given prior to this. There's now partial notice of how SP can be used. Further guidelines to come out soon for all projects. If they can figure it out with some guidelines great. It's a real benefit to Steem and the ecosystem if it can be made to work appropriately. If not then I'd support moving on.
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Given this, a warning / terms of use and a grace period is fair.
Never should have been given without this in the first place, but that's before the committee was established so not your fault..
Despite my negative comment above I am glad to see progress and guidelines being established - my frustrations are with the situation not the comittee.