This instrument and any securities issuable pursuant hereto have not been registered under the Securities Act of 1933
THIS CERTIFIES THAT in exchange for the payment by investor name (the “Investor”) of $ amount (the “Purchase Amount”) on or about date, company name, a state corporation (the “Company”), issues to the Investor the right to certain shares of the Company’s Capital Stock, subject to the terms described below.
The “Post-Money Valuation Cap” is $ cap.
(a) Equity Financing. If there is an Equity Financing before the termination of this Safe, on the initial closing of such Equity Financing, this Safe will automatically convert into the number of shares of Safe Preferred Stock equal to the Purchase Amount divided by the Conversion Price…