Common use of Subsequent SAFTs and Further Token Sales Clause in Contracts

Subsequent SAFTs and Further Token Sales. The Company may offer and sell SAFTs and/or Tokens in multiple rounds at different times and on different terms and conditions. If the Company issues a subsequent SAFT prior to the expiration or termination of this Agreement, the Company is under no obligation to provide the Purchaser with any notice thereof, copies of any documentation relating to such subsequent SAFT, or any additional information related to such subsequent SAFT, whether or not reasonably requested by the Purchaser. For the avoidance of doubt, in the event the Purchaser determines that the terms and conditions of the subsequent SAFT are preferable to the terms and conditions of this Agreement, the Company is under no obligation to amend and restate this Agreement to be similar or identical to the subsequent SAFT. Any unsold Tokens at the time of TIE shall initially be retained by the Company and can thereafter be dealt with by the Company in its sole and absolute discretion.

Appears in 3 contracts

Samples: Simple Agreement, Simple Agreement, Simple Agreement

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Subsequent SAFTs and Further Token Sales. The Company may offer and sell SAFTs and/or Tokens in multiple rounds at different times and on different terms and conditions. If the Company issues a subsequent SAFT prior to the expiration or termination of this Agreement, the Company is under no obligation to provide the Purchaser with any prior or other notice thereof, copies of any documentation relating to such subsequent SAFT, or any additional information related to such subsequent SAFT, whether or not reasonably requested by the Purchaser. For the avoidance of doubt, in the event the Purchaser determines that the terms and conditions of the subsequent SAFT are preferable to the terms and conditions of this Agreement, the Company is under no obligation to amend, amend and restate or otherwise modify the terms of this Agreement to be similar or identical to the subsequent SAFT. Any unsold Tokens at the time of the TIE shall initially be retained by the Company and can thereafter be dealt with by the Company in its sole and absolute discretion.

Appears in 2 contracts

Samples: Simple Agreement, Simple Agreement

Subsequent SAFTs and Further Token Sales. The Company may offer and sell SAFTs and/or Tokens in multiple rounds at different times and on different terms and conditions. If the Company issues a subsequent SAFT prior to the expiration or termination of this Agreement, the Company is under no obligation to provide the Purchaser with any notice thereof, copies of any documentation relating to such subsequent SAFT, or any additional information related to such subsequent SAFT, whether or not reasonably requested by the Purchaser. For the avoidance of doubt, in the event the Purchaser determines that the terms and conditions of the subsequent SAFT are preferable to the terms and conditions of this Agreement, the Company is under no obligation to amend and restate this Agreement to be similar or identical to the subsequent SAFT. Any any unsold Tokens at the time of TIE TGE shall initially be retained by the Company and can thereafter be dealt with by the Company in its sole and absolute discretion.

Appears in 2 contracts

Samples: Simple Agreement, Simple Agreement

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Subsequent SAFTs and Further Token Sales. The Company may offer and sell SAFTs and/or Tokens in multiple rounds at different times and on different terms and conditions. If the Company issues a subsequent SAFT prior to the expiration or termination of this Agreement, the Company is under no obligation to provide the Purchaser with any notice thereof, copies of any documentation relating to such subsequent SAFT, or any additional information related to such subsequent SAFT, whether or not reasonably requested by the Purchaser. For the avoidance of doubt, in the event the Purchaser determines that the terms and conditions of the subsequent SAFT are preferable to the terms and conditions of this Agreement, the Company is under no obligation to amend and restate this Agreement to be similar or identical to the subsequent SAFT. Any unsold Tokens at the time of TIE Token Integration Event shall initially be retained by the Company and can thereafter be dealt with by the Company in its sole and absolute discretion.

Appears in 1 contract

Samples: Simple Agreement

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