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Considering white flashes, I only get them in full screen mode during mac system OSDs fade out time. Can't attest to windowed mode, I haven't tested it specifically but I also haven't seen any flashes with it. F1 also works fine on my MBA 2013. Are you sure you're using modifier key, so it's F1, not brightness down? Funnily, that's how I first witnessed the white flash behaviour.

From the technical standpoint this is all you have to do. I'm not sure about legal one though.

I've just tried bundling Cogmind without vcrun2010 and it launched without any problems, so that's one EULA off your shoulders. Still, you'd have to deal with wine and winebottler licences before bundling anything.

Basically this is what you need to do with winebottler. Supposedly wineskins is as simple, though I haven't tried it myself.

Pressing install will ask for a path to save the bundle to. If you're packaging for yourself, just aim it to your Applications folder and enjoy cogmind. If you don't check "Silent install", you'll need to agree to MSVC++ 2010 EULA in its install dialog.

Feel free to remove winebottler afterwards if you don't need it for anything else.