Reference: {{AGREEMENT_REF}}
Effective Date: {{EFFECTIVE_DATE}}
Governing Law: {{GOVERNING_LAW}}
Classification: {{CONFIDENTIALITY_LABEL}}
Parties
Company
{{COMPANY_LEGAL_NAME}}
{{COMPANY_ADDRESS}}
Investor
{{INVESTOR_LEGAL_NAME}}
{{INVESTOR_ADDRESS}}
Key Financial Terms
Purchase Amount: {{PURCHASE_AMOUNT}}
Valuation Cap: {{VALUATION_CAP}}
Discount Rate: {{DISCOUNT_RATE}}
Agreement
1. Purchase Amount
In consideration of the rights described in this Agreement, the Investor agrees to invest {{PURCHASE_AMOUNT}} in the Company (the "Purchase Amount"). The Company shall use the Purchase Amount for general corporate and operating purposes.
2. Valuation Cap
This SAFE is subject to a valuation cap of {{VALUATION_CAP}} (the "Valuation Cap"). The Valuation Cap is used to determine the number of shares issued to the Investor upon conversion of this SAFE.
3. Discount Rate
This SAFE includes a discount rate of {{DISCOUNT_RATE}} applicable upon conversion. This discount shall be applied to the price per share paid by investors in the relevant equity financing round, and the Investor shall receive shares at the lower of the discounted price or the Valuation Cap price.
4. Most Favoured Nation
{{MFN_TEXT}}
5. Conversion Events
{{CONVERSION_EVENTS_TEXT}}
6. Termination
{{TERMINATION_TEXT}}
7. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of {{GOVERNING_LAW}}.
Signatures
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.
For the Company
Signature
Name / Title: {{COMPANY_SIGNATORY}}
Date: {{SIGNATURE_DATE}}
For the Investor
Signature
Name / Title: {{INVESTOR_SIGNATORY}}
Date: {{SIGNATURE_DATE}}