Equity Financing. 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 Share equal to the Purchase Amount divided by the Conversion Price. In connection with the automatic conversion of this Safe into shares of Safe Share, 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 Share, with appropriate variations for the Safe Share 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 for the Investor.
Appears in 3 contracts
Sources: Safe (Simple Agreement for Future Equity) (Neo Aeronautics, Inc.), Safe (Simple Agreement for Future Equity) (Neo Aeronautics, Inc.), Safe (Simple Agreement for Future Equity) (Neo Aeronautics, Inc.)
Equity Financing. 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 Share Preferred Shares equal to the Purchase Amount divided by the Conversion Price. In connection with the automatic conversion of this Safe into shares of Safe SharePreferred Shares, 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 SharePreferred Shares, with appropriate variations for the Safe Share Preferred Shares if applicable, and (ii) provided further, that such documents have customary exceptions to any drag-along applicable to the Investor, including (including, without limitation) , limited representations, warranties, representations and warranties and limited liability and indemnification obligations for on the part of the Investor.
Appears in 2 contracts
Sources: Simple Agreement for Future Equity (Safe), Simple Agreement for Future Equity (Safe)
Equity Financing. 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 Share Common Stock equal to the Purchase Amount divided by the Conversion Price. In connection with the automatic conversion of this Safe into shares of Safe ShareCommon 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 other purchasers of Standard ShareCommon Stock, with appropriate variations for the Safe Share Common 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 for the Investor.
Appears in 2 contracts
Sources: Safe (Simple Agreement for Future Equity) (Complete Solaria, Inc.), Safe (Simple Agreement for Future Equity) (Complete Solaria, Inc.)
Equity Financing. 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 Share Standard Preferred Stock equal to the Purchase Amount divided by the Conversion Pricelowest price per share of the Standard Preferred Stock. In connection with the automatic conversion of this Safe into shares of Safe ShareStandard 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 Share, with appropriate variations for the Safe Share if applicablePreferred Stock, and (ii) have customary exceptions to any drag-along applicable to the Investor, including (without limitation) limited representations, warranties, liability and indemnification obligations for the Investor.
Appears in 1 contract
Equity Financing. 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 Share Standard Preferred Stock equal to the Purchase Amount divided by 90% of the Conversion Pricelowest price per share of the Standard Preferred Stock. In connection with the automatic conversion of this Safe into shares of Safe ShareStandard 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 Share, with appropriate variations for the Safe Share if applicablePreferred Stock, and (ii) have customary exceptions to any drag-along applicable to the Investor, including (without limitation) limited representations, warranties, liability and indemnification obligations for the Investor.
Appears in 1 contract
Sources: Safe (LanzaTech Global, Inc.)
Equity Financing. 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 Share Standard Preferred Stock equal to the Purchase Amount divided by the Conversion Safe Price. In connection with the automatic conversion of this Safe into shares of Safe ShareStandard 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 Share, with appropriate variations for the Safe Share if applicablePreferred Stock, and (ii) provided further, that such documents have customary exceptions to any drag-along applicable to the Investor, including (including, without limitation) , limited representations, warranties, representations and warranties and limited liability and indemnification obligations for on the part of the Investor.
Appears in 1 contract
Sources: Safe (Simple Agreement for Future Equity) (Innovega Inc.)
Equity Financing. 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 Share Preferred Stock equal to the Purchase Amount divided by the Conversion PriceAmount. In connection with the automatic conversion of this Safe into shares of Safe SharePreferred 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 SharePreferred Stock, with appropriate variations for the Safe Share 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 for the Investor.
Appears in 1 contract
Equity Financing. 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 Share Preferred Stock equal to the Purchase Amount divided by the Conversion Safe Price. In connection with the automatic conversion of this Safe into shares of Safe SharePreferred 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 Share, with appropriate variations for the Safe Share if applicablePreferred Stock, and (ii) provided further, that such documents have customary exceptions to any drag-along applicable to the Investor, including (including, without limitation) , limited representations, warranties, representations and warranties and limited liability and indemnification obligations for on the part of the Investor.β
Appears in 1 contract