We are sorry for late responding to this issue.
Please consider that the Input Fields in the Simplify Options are Text/Text Areas. It is not recommended to use HTML in a Text/Text Area. According to the WordPress Guidelines, Output Sanitization of user input data is Required to approve a Theme in the Repository.
We have just implemented some missing Data Validation in the latest versions.
Many new features like Slider, extra row of Featured Boxes, Social Links were introduced in the Free Version from the Extended Version of this Theme. During copying the description from the Extended Version we forgot to change the description text for the Second Row Featured Boxes. We have changed the description in 3.02 version. 3.02 Version has also introduces Translation Ready Feature.