Company SAFE means each of those certain Simple Agreements for Future Equity issued by the Company and outstanding immediately prior to the Effective Time.
Company SAFE means that certain Simple Agreement for Future Equity in the amount of $500,000 issued by the Company on or about April 23, 2018 to ROCO Real Estate LLC convertible into Company Capital Stock.
Company SAFE means each simple agreement for future equity of the Company issued, and that remains outstanding, entitling the holder thereof to conversion rights of the principal amount and accrued interest thereon into Company Shares in connection with certain events.
Examples of Company SAFE in a sentence
All obligations of the Company in respect of each Company SAFE shall be satisfied and discharged in full upon payment to the holder thereof of the Company SAFE Repayment Amount, or in the event such holder has not elected to be repaid upon a Change of Control (as such term is defined in the applicable Company SAFE), upon receipt from the Company of a number of shares of Company Common Stock pursuant to the terms of the applicable Company SAFE.
As a condition to payment of any amount owed to holders of Company SAFEs, each such holder must have first delivered to the Exchange Agent a properly completed Company SAFE surrender agreement in the form attached hereto as Exhibit N (each, a “Company SAFE Surrender Agreement”).
More Definitions of Company SAFE
Company SAFE. Schedule A, Section 1.2
Company SAFE means, in each case, an instrument containing a future right to shares of Company Stock.