SAFE Holder definition
Examples of SAFE Holder in a sentence
Section 4.2(a) of the Disclosure Schedules sets forth (i) a true and complete list of the Stockholders, including the number of Shares owned by each such Stockholder and (ii) a true and complete list of the SAFE Holders, including the Purchase Amount (as defined in such SAFE) and the issuance date of the SAFE held by such SAFE Holder.
As additional consideration for the Merger, Purchaser shall pay to the Preferred Stockholders, the SAFE Holders and the Covered Participants the Aggregate Additional Payments on the terms set forth in this Section 2.5 (each such payment is referred to herein as an “Additional Payment”), in each case in an amount set forth opposite the name of each such Preferred Stockholder, SAFE Holder and Covered Participant on the Allocation Schedule.
All SAFEs outstanding immediately prior to the Effective Time shall be cancelled and exchanged for the right to receive at the Effective Time the portion of the Aggregate Merger Consideration issuable to such SAFE Holder in respect of such SAFE as set forth opposite such SAFE Holder’s name on the Allocation Schedule at the Effective Time.