SAFE Notes are legal documents used to facilitate the sale of convertible debt instruments for startups and early-stage companies to raise capital.
This legal template is designed to create a Simple Agreement for Future Equity (SAFE) for seed-stage startup companies. It outlines the terms and conditions for investors to provide funding in exchange for a future equity stake in the company.
This legal template likely addresses the terms and conditions of a side letter agreement between a seed-stage startup and an investor, specifically related to a financial instrument called a SAFE (Simple Agreement for Future Equity). It would outline the specifics of the investment, such as the funding amount, valuation cap, and other relevant terms.
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