SAFE definition

SAFE means the State Administration of Foreign Exchange of the PRC.

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SAFE means an instrument containing a future right to shares of Capital Stock, similar in form and content to this instrument, purchased by investors for the purpose of funding the Company’s business operations.

SAFE means any simple agreement for future equity (or other similar agreement), including a Crowd SAFE, which is issued by the Company for bona fide financing purposes and which may convert into Capital Stock in accordance with its terms.

Examples of SAFE in a sentence

This Safe constitutes 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.
In a Liquidity Event or Dissolution Event, this Safe is intended to operate like standard non-participating Preferred Shares.
In connection with the automatic conversion of this Safe into Safe Shares, the Investor will execute and deliver to the Company all of the transaction documents related to the Equity Financing; provided, that such documents are the same documents to be entered into with the purchasers of Standard Shares, with appropriate variations for the Safe Shares if applicable.
Accordingly, the parties agree to treat this Safe consistent with the foregoing intent for all United States federal and state income tax purposes (including, without limitation, on their respective tax returns or other informational statements).
The Investor acknowledges and agrees that if he/it not an accredited investor or a Non-U.S. Person at the time of an Equity Financing, the Company may void this Safe and return the Purchase Amount.

More Definitions of SAFE

SAFE means the State Administration of Foreign Exchange of the PRC and its local branches.

SAFE means the State Administration of Foreign Exchange of the PRC or its local counterparts.

SAFE means the State Administration of Foreign Exchange.

SAFE means any simple agreement for future equity (or other similar agreement) which is issued by the Company for bona fide financing purposes and which may convert into the Company’s capital stock in accordance with its terms.

SAFE means the State Administration of Foreign Exchange of the PRC or its competent local counterparts.

SAFE means the State Administration of Foreign Exchange of the People’s Republic of China.

SAFE means free from any hazard.