[{"id":"5fa16a2e-202d-49ed-ab79-b445f167a040","order":10,"text":"THIS INSTRUMENT AND ANY SECURITIES ISSUABLE PURSUANT HERETO HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR UNDER THE SECURITIES LAWS OF ANY STATE. THESE SECURITIES MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED EXCEPT AS PERMITTED UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM.","fontSize":"11","textAlign":"left","bold":true,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"95448d23-0bad-4156-9f3d-2a7b511c3267","order":20,"text":"[Company Name]","fontSize":"20","textAlign":"center","bold":true,"underline":false,"marginBottom":"0","cflou":false,"active":true},{"id":"f6bce977-28d8-4052-a212-6b1e04b47b3f","order":30,"text":"SAFE","fontSize":"22","textAlign":"center","bold":true,"underline":false,"marginBottom":"0","cflou":false,"active":true},{"id":"521db835-eb7f-4935-bd5a-feaaee75612c","order":40,"text":"(Simple Agreement for Future Equity)","fontSize":"14","textAlign":"center","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"678fb3da-5c36-48b2-b6b6-5ddd0eff6aa5","order":50,"text":"THIS CERTIFIES THAT in exchange for the payment by [Investor Name] (the "Investor") of $[Purchase Amount] (the "Purchase Amount") on or about [Date], [Company Name], a [State of Incorporation] corporation (the "Company"), issues to the Investor the right to certain shares of the Company's Capital Stock, subject to the terms set forth below.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true},{"id":"e36d2296-dee3-48dc-a26d-5142930fd8a4","order":60,"text":"Post-Money Valuation Cap: $[Valuation Cap].","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"6","cflou":false,"active":true,"displayConditions":[{"field":"1fccf57f-5d0f-4dc8-b211-d51ff57ca516","value":"CAP","type":"add","operator":"="},{"field":"1fccf57f-5d0f-4dc8-b211-d51ff57ca516","value":"CAPDISC","type":"add","operator":"="}]},{"id":"b6ec0ed5-0965-46ce-a6d7-2a0ea6567ac6","order":70,"text":"Discount Rate: [Discount Rate]% (i.e., the Discount Price equals that percentage of the Standard Preferred Stock price).","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"6","cflou":false,"active":true,"displayConditions":[{"field":"1fccf57f-5d0f-4dc8-b211-d51ff57ca516","value":"DISC","type":"add","operator":"="},{"field":"1fccf57f-5d0f-4dc8-b211-d51ff57ca516","value":"CAPDISC","type":"add","operator":"="}]},{"id":"a11bfb46-ca8a-4a65-b841-b11ea8493730","order":80,"text":"This SAFE has no Post-Money Valuation Cap and no Discount Rate. The Conversion Price is determined solely under the Most Favored Nation provision set forth in Section 1.","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"6","cflou":false,"active":true,"displayConditions":[{"field":"1fccf57f-5d0f-4dc8-b211-d51ff57ca516","value":"MFN","type":"add","operator":"="}]},{"id":"23f6674c-9a2c-4f10-84c2-43af47863d74","order":90,"text":"See Section 2 for certain additional defined terms.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"18","cflou":false,"active":true},{"id":"4bc059ea-6497-4259-8bd8-25d60b7e558e","order":100,"text":"1. Events","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"12","cflou":false,"active":true,"marginTop":"10"},{"id":"53dc514e-e1f9-4fa6-acdf-789fcbbba571","order":110,"text":"Equity Financing.","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"4","cflou":false,"active":true},{"id":"fc93cc1a-f272-4525-9f90-4c421c29bd5e","order":120,"text":"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. In connection with the automatic conversion of this SAFE into shares of Safe Preferred Stock, the Investor will execute and deliver to the Company all of the transaction documents related to the Equity Financing; provided, that such documents (i) are the same documents to be entered into with the purchasers of Standard Preferred Stock, with appropriate variations for the Safe Preferred Stock if applicable, and (ii) have customary exceptions to any drag-along applicable to the Investor, including, without limitation, limited representations, warranties, liability and indemnification obligations on the part of the Investor.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"12","cflou":false,"active":true},{"id":"d3682403-1d98-4797-a82d-d6a264f290fe","order":130,"text":"Liquidity Event.","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"4","cflou":false,"active":true},{"id":"cfe36584-138a-470a-974c-5a635011f71c","order":140,"text":"If there is a Liquidity Event before the termination of this SAFE, this SAFE will automatically be entitled (subject to the liquidation priority set forth under Liquidation Priority below) to receive a portion of Proceeds, due and payable to the Investor immediately prior to, or concurrent with, the consummation of such Liquidity Event, equal to the greater of (i) the Purchase Amount (the "Cash-Out Amount") or (ii) the amount payable on the number of shares of Common Stock equal to the Purchase Amount divided by the Liquidity Price (the "Conversion Amount"). If any of the Company's securityholders are given a choice as to the form and amount of Proceeds to be received in a Liquidity Event, the Investor will be given the same choice, provided that the Investor may not choose to receive a form of consideration that the Investor would be ineligible to receive as a result of the Investor's failure to satisfy any requirement or limitation generally applicable to the Company's securityholders, or under any applicable laws.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"20aaba7e-44df-4414-9421-9fb05a64bce7","order":150,"text":"Notwithstanding the foregoing, in connection with a Change of Control intended to qualify as a tax-free reorganization, the Company may reduce the Cash-Out Amount payable to the Investor by the amount determined by its board of directors in good faith for such Change of Control to qualify as a tax-free reorganization for U.S. federal income tax purposes, provided that such reduction (A) does not reduce the total Cash-Out Amount payable to such Investor below the Investor's Purchase Amount and (B) is applied in the same manner and on a pro rata basis to all securityholders of the Company who would be treated similarly to the Investor.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"12","cflou":false,"active":true},{"id":"ce6e2024-dbec-4a2a-81a1-22f922471a0b","order":160,"text":"Dissolution Event.","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"4","cflou":false,"active":true},{"id":"5142a5ff-3a79-4183-a560-629a80546914","order":170,"text":"If there is a Dissolution Event before the termination of this SAFE, the Investor will automatically be entitled (subject to the liquidation priority set forth under Liquidation Priority below) to receive a portion of Proceeds equal to the Cash-Out Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"12","cflou":false,"active":true},{"id":"19220cb7-694e-4e07-93da-059f78ca147c","order":180,"text":"Liquidation Priority.","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"4","cflou":false,"active":true},{"id":"8a1aa27f-f320-457d-88d4-d018df32dad2","order":190,"text":"In a Liquidity Event or Dissolution Event, this SAFE is intended to operate like standard non-participating Preferred Stock. The Investor's right to receive its Cash-Out Amount is: (i) Junior to payment of outstanding indebtedness and creditor claims, including contractual claims for payment and convertible promissory notes (to the extent such convertible promissory notes are not actually or notionally converted into Capital Stock); (ii) On par with payments for other SAFEs and/or Preferred Stock, and if the applicable Proceeds are insufficient to permit full payments to the Investor and such other SAFEs and/or Preferred Stock, the applicable Proceeds will be distributed pro rata to the Investor and such other SAFEs and/or Preferred Stock in proportion to the full payments that would otherwise be due; and (iii) Senior to payments for Common Stock. The Investor's right to receive its Conversion Amount is (A) on par with payments for Common Stock and other SAFEs and/or Preferred Stock who are also receiving Conversion Amounts or Proceeds on a similar as-converted to Common Stock basis, and (B) junior to payments described in clauses (i) and (ii) above (in the latter case, to the extent such payments are Cash-Out Amounts or similar liquidation preferences).","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"12","cflou":false,"active":true},{"id":"f7c597fd-ab9f-4387-9b08-26e263efa3c0","order":200,"text":"Termination.","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"4","cflou":false,"active":true},{"id":"d015ca81-caaf-44fa-b49d-c7453788b051","order":210,"text":"This SAFE will automatically terminate (without relieving the Company of any obligations arising from a prior breach of or non-compliance with this SAFE) immediately following the earliest to occur of: (i) the issuance of Capital Stock to the Investor pursuant to the automatic conversion of this SAFE under Equity Financing above; or (ii) the payment, or setting aside for payment, of amounts due the Investor under Liquidity Event or Dissolution Event above.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"12","cflou":false,"active":true},{"id":"d64e2fb9-f5b3-4dcf-b6f5-99ca67b671ef","order":220,"text":"Most Favored Nation.","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"4","cflou":false,"active":true,"displayConditions":[{"field":"1fccf57f-5d0f-4dc8-b211-d51ff57ca516","value":"MFN","type":"add","operator":"="}]},{"id":"19fb8a65-229c-4ffb-a058-3e07b0c53dbd","order":230,"text":"If the Company issues any other Safe (a "Subsequent Convertible Security") prior to the termination of this SAFE with terms more favorable to the holder of such Subsequent Convertible Security than the terms of this SAFE, then the Company will promptly provide the Investor with written notice thereof, together with a copy of all documentation relating to such Subsequent Convertible Security and, upon written request of the Investor, any additional information related to such Subsequent Convertible Security as may be reasonably requested by the Investor. The Company will provide the Investor with the right to amend and restate this SAFE so as to incorporate any of the more favorable terms, in which case the Investor will no longer be entitled to the rights under this provision in respect of such Subsequent Convertible Security.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"12","cflou":false,"active":true,"displayConditions":[{"field":"1fccf57f-5d0f-4dc8-b211-d51ff57ca516","value":"MFN","type":"add","operator":"="}]},{"id":"57ff1102-aebb-46ea-b50f-986ef54575bf","order":240,"text":"2. 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includes all shares of Capital Stock issued and outstanding; includes all Converting Securities; includes all (i) issued and outstanding Options and (ii) Promised Options; and includes the Unissued Option Pool, except that any increase to the Unissued Option Pool in connection with the Equity Financing will only be included to the extent that the number of Promised Options exceeds the Unissued Option Pool prior to such increase.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"1fccf57f-5d0f-4dc8-b211-d51ff57ca516","value":"CAP","type":"add","operator":"="},{"field":"1fccf57f-5d0f-4dc8-b211-d51ff57ca516","value":"CAPDISC","type":"add","operator":"="}]},{"id":"9e115cf5-9f83-4586-90b3-25b5f2f79dd3","order":280,"text":""Company Capitalization" is calculated as of immediately prior to the Equity Financing and (without double-counting, in each case calculated on an as-converted to Common Stock basis): includes all shares of Capital Stock issued and outstanding; includes all Converting Securities; includes all (i) issued and outstanding Options and (ii) Promised Options; and includes the Unissued Option Pool, except that any increase to the Unissued Option Pool in connection with the Equity Financing will only be included to the extent that the number of Promised Options exceeds the Unissued Option Pool prior to such increase.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"1fccf57f-5d0f-4dc8-b211-d51ff57ca516","value":"DISC","type":"add","operator":"="},{"field":"1fccf57f-5d0f-4dc8-b211-d51ff57ca516","value":"MFN","type":"add","operator":"="},{"field":"6f2f9c2d-71fd-468c-9aa4-d7de0786a080","value":"Yes","type":"add","operator":"="}]},{"id":"2d523255-1119-4e57-ac5e-c50c1e549280","order":290,"text":""Conversion Price" means either: (1) the Safe Price or (2) the Discount Price, whichever calculation results in a greater number of shares of Safe Preferred Stock.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"1fccf57f-5d0f-4dc8-b211-d51ff57ca516","value":"CAPDISC","type":"add","operator":"="}]},{"id":"d9a52f87-36f9-4ed4-917d-a48bd86f0062","order":300,"text":""Conversion Price" means the Safe Price.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"1fccf57f-5d0f-4dc8-b211-d51ff57ca516","value":"CAP","type":"add","operator":"="}]},{"id":"dc0a842b-d385-4383-ab22-50ea736bdded","order":310,"text":""Conversion Price" means the Discount 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convertible securities that have the right to convert into shares of Capital Stock.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"1fccf57f-5d0f-4dc8-b211-d51ff57ca516","value":"CAP","type":"add","operator":"="},{"field":"1fccf57f-5d0f-4dc8-b211-d51ff57ca516","value":"CAPDISC","type":"add","operator":"="}]},{"id":"a85962d2-696c-4517-b536-a0d3f50cf19f","order":340,"text":""Converting Securities" includes this SAFE and other convertible securities issued by the Company, including but not limited to: (i) other SAFEs; (ii) convertible promissory notes and other convertible debt instruments; and (iii) convertible securities that have the right to convert into shares of Capital 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SAFE.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"1fccf57f-5d0f-4dc8-b211-d51ff57ca516","value":"DISC","type":"add","operator":"="},{"field":"1fccf57f-5d0f-4dc8-b211-d51ff57ca516","value":"CAPDISC","type":"add","operator":"="}]},{"id":"14ab5ce2-ec3d-4c77-bfaa-71c8ca46eb1d","order":380,"text":""Dissolution Event" means (i) a voluntary termination of operations, (ii) a general assignment for the benefit of the Company's creditors or (iii) any other liquidation, dissolution or winding up of the Company (excluding a Liquidity Event), whether voluntary or involuntary.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"efeb9628-208d-431d-8acb-013441999422","order":390,"text":""Dividend Amount" means, with respect to any date on which the Company pays a dividend on its outstanding Common Stock, the amount of such dividend that is paid per share of Common Stock multiplied by (without double-counting) the number of shares of Common Stock issuable upon conversion of the Safe Preferred Stock, in each case as of the record date for the payment of such dividend.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"a5be0ae5-6ada-4a7b-9b11-907abeb1f235","order":400,"text":""Equity Financing" means a bona fide transaction or series of transactions with the principal purpose of raising capital, pursuant to which the Company issues and sells Preferred Stock at a fixed valuation, including but not limited to, a pre-money or post-money valuation.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"62c5cae5-e614-4d25-bdc5-333408f97789","order":410,"text":""Initial Public Offering" means the closing of the Company's first firm commitment underwritten initial public offering of Common Stock pursuant to a registration statement filed under the Securities Act.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"3150d8a4-c5d4-4df4-9969-7cddce35a853","order":420,"text":""Liquidity Capitalization" is calculated as of immediately prior to the Liquidity Event, and (without double-counting, in each case calculated on an as-converted to Common Stock basis): includes all shares of Capital Stock issued and outstanding; includes all (i) issued and outstanding Options and (ii) to the extent receiving Proceeds, Promised Options; includes all Converting Securities, other than any SAFEs and other convertible securities (including without limitation shares of Preferred Stock) where the holders of such securities are receiving Cash-Out Amounts or similar liquidation preference payments in lieu of Conversion Amounts or similar "as-converted" payments; and excludes the Unissued Option 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or similar securities, vested or unvested.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"1fccf57f-5d0f-4dc8-b211-d51ff57ca516","value":"DISC","type":"add","operator":"="},{"field":"1fccf57f-5d0f-4dc8-b211-d51ff57ca516","value":"MFN","type":"add","operator":"="},{"field":"6f2f9c2d-71fd-468c-9aa4-d7de0786a080","value":"Yes","type":"add","operator":"="}]},{"id":"788da1c9-ce73-43e6-adb5-503cf7de16a9","order":480,"text":""Proceeds" means cash and other assets (including without limitation stock consideration) that are proceeds from the Liquidity Event or the Dissolution Event, as applicable, and legally available for distribution.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"4a239f06-ac7b-4e0e-bf45-17dfa24ed7f4","order":490,"text":""Promised Options" means promised but ungranted Options that are the greater of those (i) promised pursuant to agreements or understandings made prior to the execution of, or in connection with, the term sheet or letter of intent for the Equity Financing or Liquidity Event, as applicable (or the initial closing of the Equity Financing or consummation of the Liquidity Event, if there is no term sheet or letter of intent), (ii) in the case of an Equity Financing, treated as outstanding Options in the calculation of the Standard Preferred Stock's price per share, or (iii) in the case of a Liquidity Event, treated as outstanding Options in the calculation of the distribution of the Proceeds.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"1fccf57f-5d0f-4dc8-b211-d51ff57ca516","value":"CAP","type":"add","operator":"="},{"field":"1fccf57f-5d0f-4dc8-b211-d51ff57ca516","value":"CAPDISC","type":"add","operator":"="}]},{"id":"302cd645-f294-4249-b79c-c6789bf67215","order":500,"text":""Promised Options" means promised but ungranted Options that are the greater of those (i) promised pursuant to agreements or understandings made prior to the execution of, or in connection with, the term sheet or letter of intent for the Equity Financing or Liquidity Event, as applicable (or the initial closing of the Equity Financing or consummation of the Liquidity Event, if there is no term sheet or letter of intent), (ii) in the case of an Equity Financing, treated as outstanding Options in the calculation of the Standard Preferred Stock's price per share, or (iii) in the case of a Liquidity Event, treated as outstanding Options in the calculation of the distribution of the Proceeds.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"1fccf57f-5d0f-4dc8-b211-d51ff57ca516","value":"DISC","type":"add","operator":"="},{"field":"1fccf57f-5d0f-4dc8-b211-d51ff57ca516","value":"MFN","type":"add","operator":"="},{"field":"6f2f9c2d-71fd-468c-9aa4-d7de0786a080","value":"Yes","type":"add","operator":"="}]},{"id":"3db5811e-dd0e-4d07-acea-371958f97be1","order":510,"text":""Safe" means an instrument containing a future right to shares of Capital Stock, similar in form and substance to this SAFE, purchased by investors for the purpose of funding the Company's business operations. References to "this SAFE" mean this specific instrument.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"fefa6e1e-d091-407b-8f0c-de2825cacf69","order":520,"text":""Safe Preferred Stock" means the shares of a series of Preferred Stock issued to the Investor in an Equity Financing, having the identical rights, privileges, preferences and restrictions as the shares of Standard Preferred Stock, other than with respect to: (i) the per share liquidation preference and the initial conversion price for purposes of price-based anti-dilution protection, which will equal the Conversion Price; and (ii) the basis for any dividend rights, which will be based on the Conversion Price.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"0c627de3-532b-4c0d-a9f2-cd92741442e1","order":530,"text":""Safe Price" means the price per share equal to the Post-Money Valuation Cap divided by the Company Capitalization.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"1fccf57f-5d0f-4dc8-b211-d51ff57ca516","value":"CAP","type":"add","operator":"="},{"field":"1fccf57f-5d0f-4dc8-b211-d51ff57ca516","value":"CAPDISC","type":"add","operator":"="}]},{"id":"074aab92-5636-4d21-bc39-a34b9767977d","order":540,"text":""Standard Preferred Stock" means the shares of a series of Preferred Stock issued to the investors investing new money in the Company in connection with the initial closing of the Equity Financing.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"a8fa4596-8e28-4a7e-b7da-f2ee64c41c2d","order":550,"text":""Unissued Option Pool" means all shares of Capital Stock that are reserved, available for future grant and not subject to any outstanding Options or Promised Options (but in the case of a Liquidity Event, only to the extent Proceeds are payable on such Promised Options) under any equity incentive or similar Company plan.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"1fccf57f-5d0f-4dc8-b211-d51ff57ca516","value":"CAP","type":"add","operator":"="},{"field":"1fccf57f-5d0f-4dc8-b211-d51ff57ca516","value":"CAPDISC","type":"add","operator":"="}]},{"id":"d79c6cdf-75f9-4e93-8cc9-b358ae4fab79","order":560,"text":""Unissued Option Pool" means all shares of Capital Stock that are reserved, available for future grant and not subject to any outstanding Options or Promised Options (but in the case of a Liquidity Event, only to the extent Proceeds are payable on such Promised Options) under any equity incentive or similar Company plan.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"1fccf57f-5d0f-4dc8-b211-d51ff57ca516","value":"DISC","type":"add","operator":"="},{"field":"1fccf57f-5d0f-4dc8-b211-d51ff57ca516","value":"MFN","type":"add","operator":"="},{"field":"6f2f9c2d-71fd-468c-9aa4-d7de0786a080","value":"Yes","type":"add","operator":"="}]},{"id":"a3259eb1-dfa2-4337-9e94-8441be789aea","order":570,"text":"3. Company Representations","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"12","cflou":false,"active":true,"marginTop":"10"},{"id":"1a8f77ae-8afd-46db-bab0-9fb683a927c0","order":580,"text":"The Company represents and warrants to the Investor that: the Company is a corporation duly organized, validly existing and in good standing under the laws of its state of incorporation, and has the power and authority to own, lease and operate its properties and carry on its business as now conducted.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"749e7408-6e57-4490-af5c-2f13a51e28d7","order":590,"text":"The execution, delivery and performance by the Company of this SAFE is within the power of the Company and has been duly authorized by all necessary actions on the part of the Company. This SAFE constitutes a legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except as limited by bankruptcy, insolvency or other laws of general application relating to or affecting the enforcement of creditors' rights generally and general principles of equity.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"e6389d58-0c8d-45b1-9862-226b4dbd037b","order":600,"text":"To the knowledge of the Company, the execution and delivery of this SAFE will not violate any provision of law, the Company's current certificate of incorporation or bylaws, or any material indenture or contract to which the Company is a party or by which it is bound, nor result in the creation or imposition of any lien upon any of the property or assets of the Company.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"12807808-dd74-4d33-ae4a-628c96ad4164","order":610,"text":"To the knowledge of the Company, it is not in violation of (i) its current certificate of incorporation or bylaws, (ii) any material statute, rule or regulation applicable to the Company or (iii) any material indenture or contract to which the Company is a party or by which it is bound, where, in each case, such violation or default, individually, or together with all such violations or defaults, could reasonably be expected to have a material adverse effect on the Company.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"dcc93a97-1bb9-42b2-be40-bf2d06c14ffb","order":620,"text":"No consent, approval, order or authorization of, or registration, qualification, designation, declaration or filing with, any governmental authority is required on the part of the Company in connection with the valid execution, delivery and performance of this SAFE, other than such filings as may be required under applicable federal and state securities laws, which filings will be made within the periods prescribed by law.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"61397bb4-539e-49fe-9d96-c38ff270dcdd","order":630,"text":"Assuming the accuracy of the Investor's representations set forth in Section 4, the offer, sale and issuance of this SAFE and the securities issuable upon conversion hereof are exempt from the registration requirements of the Securities Act and applicable state securities laws, and neither the Company nor any authorized agent acting on its behalf has taken or will take any action that would cause the loss of such exemption.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"e2407702-f17c-4721-926e-3746eca148c0","order":640,"text":"To the knowledge of the Company, the Company owns or possesses (or can obtain on commercially reasonable terms) sufficient legal rights to all patents, trademarks, copyrights, trade secrets, information and other proprietary rights and processes necessary for its business as now conducted, without any known conflict with, or infringement of, the rights of others.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"60639cb7-2da0-419b-bd07-0e08f88d8e8d","order":650,"text":"4. Investor Representations","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"12","cflou":false,"active":true,"marginTop":"10"},{"id":"c42f4e0a-40cb-4810-bdf1-5c4acd2df10b","order":660,"text":"The Investor represents and warrants to the Company that: the Investor has full legal capacity, power and authority to execute and deliver this SAFE and to perform its obligations hereunder. This SAFE constitutes a valid and binding obligation of the Investor, enforceable in accordance with its terms, except as limited by bankruptcy, insolvency or other laws of general application relating to or affecting the enforcement of creditors' rights generally and general principles of equity.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"713387c0-08b5-4c13-b24e-d0cf6ce98ba6","order":670,"text":"The Investor is an accredited investor as such term is defined in Rule 501 of Regulation D under the Securities Act, and acknowledges and agrees that if not an accredited investor at the time of an Equity Financing, the Company may void this SAFE and return the Purchase Amount. The Investor has been advised that this SAFE and the underlying securities have not been registered under the Securities Act or any state securities laws and, therefore, cannot be resold unless they are registered under the Securities Act and applicable state securities laws or unless an exemption from such registration requirements is available.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"e2882443-6fac-46b6-b743-af23792a1ece","order":680,"text":"The Investor is purchasing this SAFE and the securities to be acquired by the Investor hereunder for its own account for investment, not as a nominee or agent, and not with a view to, or for resale in connection with, the distribution thereof, and the Investor has no present intention of selling, granting any participation in, or otherwise distributing the same. The Investor has such knowledge and experience in financial and business matters that the Investor is capable of evaluating the merits and risks of such investment, is able to incur a complete loss of such investment without impairing the Investor's financial condition and is able to bear the economic risk of such investment for an indefinite period of time.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"00ac574c-f723-498b-9bde-89da542ca263","order":690,"text":"Neither the Investor nor any person or entity controlling, controlled by or under common control with the Investor, nor any person having a beneficial interest in the Investor, is subject to any of the "bad actor" disqualifying events described in Rule 506(d)(1)(i) through (viii) under the Securities Act, except for any disqualifying event covered by Rule 506(d)(2) or (d)(3) and disclosed in writing to the Company in reasonable detail prior to the date hereof.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"2faafa8c-72ac-47f3-bfe1-c36c374fc385","order":700,"text":"The Investor was not identified or contacted through the marketing of the offering of this SAFE and did not learn of this offering through any form of general solicitation or general advertising. The Investor did not contact the Company as a result of any general solicitation.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"4eeb7d31-4606-4988-983a-1f1969380617","order":710,"text":"Neither the Investor, nor any person or entity that owns a controlling interest in or otherwise controls the Investor, is (i) listed on, or owned or controlled by a person or entity listed on, any sanctions list maintained by the U.S. Office of Foreign Assets Control (OFAC) or any similar list, or (ii) a person or entity with whom dealings are otherwise prohibited under applicable anti-money-laundering, anti-terrorism or economic sanctions laws. The funds used by the Investor to pay the Purchase Amount were not derived from, and do not otherwise represent the proceeds of, any unlawful activity.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"a19778c5-4590-4464-87b8-7587331c5a67","order":720,"text":"The Investor acknowledges that the Company is relying on the Investor's representations, warranties and acknowledgments set forth in this Section 4 in determining the availability of applicable exemptions from registration under federal and state securities laws and in entering into this SAFE, and the Investor agrees to notify the Company promptly in writing if any such representation ceases to be true and accurate.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"d8aac2be-5faa-43b1-89e5-96cc5d3da0f3","order":730,"text":"5. Miscellaneous","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"12","cflou":false,"active":true,"marginTop":"10"},{"id":"999de77e-5808-4990-929a-68cec3efafb0","order":740,"text":"Amendment.","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"4","cflou":false,"active":true},{"id":"a66771e4-ec71-4819-9808-aedb167fc82c","order":750,"text":"Any provision of this SAFE may be amended, waived or modified by written consent of the Company and either (i) the Investor or (ii) the majority-in-interest of all then-outstanding Safes with the same "Post-Money Valuation Cap" and "Discount Rate" as this SAFE (and Safes lacking one or both of such terms will be grouped separately for such purpose), provided that with respect to clause (ii): (A) the Purchase Amount may not be amended, waived or modified in this manner, (B) the consent of the Investor and each holder of such Safes must be solicited (even if not obtained), and (C) such amendment, waiver or modification treats all such holders in the same manner.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"7ebaf381-26fb-4f08-96a6-3c7cc26c30ad","order":760,"text":"Notices.","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"4","cflou":false,"active":true},{"id":"d2fdac99-1406-491c-af8d-b71c00ffc236","order":770,"text":"Any notice required or permitted by this SAFE will be deemed sufficient when delivered personally or by overnight courier or sent by email to the relevant address listed on the signature page, or 48 hours after being deposited in the U.S. mail as certified or registered mail with postage prepaid, addressed to the party to be notified at such party's address listed on the signature page, as subsequently modified by written notice.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"c2194868-b501-4d97-b7dc-6516e4b6dbc3","order":780,"text":"No Stockholder Rights.","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"4","cflou":false,"active":true},{"id":"e34e0b4d-2adf-47d0-b51f-78d27d32546c","order":790,"text":"The Investor is not entitled, as a holder of this SAFE, to vote or be deemed a holder of Capital Stock for any purpose other than tax purposes, nor will anything in this SAFE be construed to confer on the Investor, as such, any rights of a Company stockholder or rights to vote for the election of directors or on any matter submitted to Company stockholders, or to give or withhold consent to any corporate action or to receive notice of meetings, until shares have been issued on the terms described in Section 1. However, if the Company pays a dividend on outstanding Common Stock while this SAFE is outstanding, the Company will pay the Dividend Amount to the Investor at the same time.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"1148df16-bada-47d6-a4d3-e99cc098e6d6","order":800,"text":"Tax Treatment.","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"4","cflou":false,"active":true},{"id":"dd6df851-7e6d-44b7-80af-c41bcdabae15","order":810,"text":"The Company and the Investor intend, for U.S. federal, state and local income tax purposes, that this SAFE be treated as non-debt, non-equity open transaction consideration for the future issuance of Capital Stock, and not as a debt instrument or as a current equity interest in the Company. Each party agrees to file all tax returns and reports consistent with such treatment and not to take any position inconsistent therewith except as required by a final determination of a taxing authority. Nothing in this SAFE constitutes tax advice, and each party has been advised to consult its own tax advisors as to the tax consequences of this SAFE.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"319783c5-62fa-484d-8f9d-99eb110806f3","order":820,"text":"Transfer Restrictions.","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"4","cflou":false,"active":true},{"id":"8cd8d532-37c8-4894-9a97-79fe3fd526d7","order":830,"text":"Neither this SAFE nor the rights in this SAFE are transferable or assignable, by operation of law or otherwise, by either party without the prior written consent of the other; provided, however, that this SAFE and/or the rights in this SAFE may be assigned without the Company's consent by the Investor (i) to the Investor's estate, heirs, executors, administrators, guardians and/or successors in the event of the Investor's death or disability, or (ii) to any other entity who directly or indirectly controls, is controlled by or is under common control with the Investor, including, without limitation, any general partner, managing member, officer or director of the Investor, or any venture capital fund now or hereafter existing that is controlled by one or more general partners or managing members of, or shares the same management company with, the Investor; and provided, further, that the Company may assign this SAFE in whole, without the consent of the Investor, in connection with a reincorporation to change the Company's domicile.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"8c41835f-5419-4190-84ce-9681318671af","order":840,"text":"Severability.","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"4","cflou":false,"active":true},{"id":"57577353-609a-4e3e-a6da-a078e2509e5b","order":850,"text":"In the event any one or more of the provisions of this SAFE is for any reason held to be invalid, illegal or unenforceable, in whole or in part or in any respect, or in the event that any one or more of the provisions of this SAFE operate or would prospectively operate to invalidate this SAFE, then and in any such event, such provision(s) only will be deemed null and void and will not affect any other provision of this SAFE and the remaining provisions of this SAFE will remain operative and in full force and effect and will not be affected, prejudiced or disturbed thereby.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"9bd552f5-66cb-4bad-befd-71a3d95f5fce","order":860,"text":"Governing Law.","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"4","cflou":false,"active":true},{"id":"7b05edb7-7614-4dc6-b57c-90dd3ae3efb3","order":870,"text":"All rights and obligations hereunder will be governed by the laws of the State of [Governing-Law State], without regard to the conflicts of law provisions of such jurisdiction.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"f18747c7-9bf7-4022-9750-1c451b14de7c","order":880,"text":"Dispute Resolution.","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"4","cflou":false,"active":true},{"id":"55fda1aa-044a-462a-9e86-65386e68dbcb","order":890,"text":"The parties (i) irrevocably and unconditionally agree that any dispute, claim or controversy arising out of or relating to this SAFE, or the breach, termination, enforcement, interpretation or validity thereof, will first be addressed through good-faith negotiations between authorized representatives of the parties for a period of not less than thirty (30) days following written notice of the dispute; and (ii) agree that any such dispute not resolved by negotiation will be finally settled by confidential binding arbitration administered by JAMS pursuant to its then-applicable rules, before a single arbitrator, seated in the State of [Governing-Law State], and conducted in the English language. Judgment on the award may be entered in any court of competent jurisdiction. Notwithstanding the foregoing, either party may seek injunctive or other equitable relief in a court of competent jurisdiction to prevent the actual or threatened breach of this SAFE. Each party will bear its own costs of arbitration, and the arbitrator's fees will be shared equally, subject to the Legal Fees provision below.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"0694d159-846e-4c34-a136-04802af18b68","order":900,"text":"Waiver of Jury Trial.","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"4","cflou":false,"active":true},{"id":"4eff43a0-38cd-4037-ba18-0cd13274ffb1","order":910,"text":"To the fullest extent permitted by applicable law, each party hereby irrevocably waives any right it may have to a trial by jury in respect of any litigation arising out of, under or in connection with this SAFE.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"849705d1-140a-4841-8395-367267ec6a97","order":920,"text":"Legal Fees.","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"4","cflou":false,"active":true},{"id":"d949ed5f-67a4-4279-bc31-f89415bfcb92","order":930,"text":"In the event that any suit, arbitration or other action or proceeding is instituted to remedy, prevent or obtain relief from a breach of this SAFE, or arising out of a breach of this SAFE, the prevailing party will recover from the non-prevailing party all of such prevailing party's reasonable attorneys' fees and costs incurred in each and every such action or proceeding, including any and all appeals or petitions therefrom.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"0e4aacc9-8bb3-422c-9769-9fd49664ba39","order":940,"text":"Further Assurances.","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"4","cflou":false,"active":true},{"id":"3795115f-f304-449e-aa28-241eab532146","order":950,"text":"Each party agrees to execute and deliver, by the proper exercise of its corporate, limited liability company, partnership or other powers, all such other and additional instruments and documents and to do all such other acts and things as may be reasonably necessary to more fully effectuate the purposes and intent of this SAFE.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"8","cflou":false,"active":true},{"id":"ef6fd679-fafe-40dc-915e-97d4f380fa8b","order":960,"text":"Successors and Assigns.","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"4","cflou":false,"active":true},{"id":"56bf78b3-71ed-43bc-b58b-b60448862cf3","order":970,"text":"Subject to the Transfer Restrictions set forth above, this SAFE will be binding upon and inure to the benefit of the parties and their respective successors and permitted assigns. 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