Examples of SAFE Note in a sentence
The Company viewed SymetryML operations as non-core, and did not fund future operational expenses incurred in excess of SAFE Note funding secured.
Alternatively, if TurtleTree has a liquidity event then the SAFE Note will automatically entitle the Company to a portion of the proceeds following the liquidity event.
The SAFE Note will automatically convert into preferred stock in the capital of TurtleTree if TurtleTree completes an equity financing.
Subject to these Conditions, the Company will recognise only the Subscriber whose name appears in the Register as the absolute owner of the SAFE Note in respect of which it is entered in the Register, and the Company may act accordingly.
No Subscriber will be entitled, subject to these Conditions, to transfer a SAFE Note other than with the prior written consent of the Company.
Each SAFE Note converted will thereupon be cancelled and may not be re-issued.
GET OUT, STAY OUT, BE SAFE! Note to Teaching Staff: Teachers conducting classes should undertake a head count of the number of students in class and then immediately accompany the class to their assembly area.
Each SAFE Note will constitute a contractual obligation of the Company.
Ordinary Shares to be allotted on conversion of a SAFE Note will be shares with respect to which no provision is made (whether by the Constitution or otherwise) for changing or converting them into shares of another class, except for the purpose of enabling a consolidation and division of all or any of the share capital of the Company or the subdivision of all or any of the shares in the capital of the Company in accordance with the Corporations Act.
In addition, a summary checklist of actions is found in the “Pocket Plan” that is a part of this plan document.1. GET SAFE! Note that the first box in the flow chart really refers to actions of another plan, the Emergency Action Plan (EAP).