SAFE Note definition

SAFE Note means that certain Simple Agreement For Future Equity (SAFE), made on May 17, 2022, in favor of Partners for Growth V, L.P. for an issue price of $15,156,438.24.
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SAFE Note means the Simple Agreement for Future Equity between UniQuest and the Founder’s corporation, with an effective date on or about the date of this Agreement. Services mean the services described in the Reference Schedule. UniQuest means UniQuest Pty Ltd, ACN ▇▇▇ ▇▇▇ ▇▇▇. UQ means The University of Queensland.
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SAFE Note that certain Secured Promissory Note of even date herewith executed by Borrower in favor of SAFE in the aggregate principal amount of $1,800,000. SAFE Pledge Agreement: that certain Pledge Agreement of even date herewith executed by Borrower in favor of SAFE to secure the SAFE Debt.
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Examples of SAFE Note in a sentence

  • The provisions of the SAFE Note prevail over the terms of this Agreement.

  • At the Lender’s election, this Loan may be converted into a Convertible Promissory Note, Simple Agreement for Future Equity (SAFE Note), or similarly situated document that achieves Lender’s purposes and that shall include terms typical for transactions of such nature and scope as this Loan including (i) a 15% discount to subsequent qualified financings, (ii) warrant coverage as negotiated in good faith between the parties, (iii) and other reasonable representations and warranties and terms and conditions.

  • No indemnifying party shall, except with the consent of each indemnified party, consent to any settlement of a claim which does not include only the payment of money and as an unconditional term thereof the giving by the relevant third party to each indemnified party a release of all liability in respect of such claim and no obligation to perform or refrain from performing any act so imposed on any indemnified party by reason thereof.

  • 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.

  • Each SAFE Note converted will thereupon be cancelled and may not be re-issued.

  • Each SAFE Note will constitute a contractual obligation of the Company.

  • The loss on SAFE Note revaluation represents the expense associated with the change in value of these obligations prior to their conversion to Series A Preferred Stock and Common Stock in March 2019.

  • The investment through this SAFE Note does not include eligibility for any $QUANT tokens.

  • 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.

  • No Subscriber will be entitled, subject to these Conditions, to transfer a SAFE Note other than with the prior written consent of the Company.


More Definitions of SAFE Note

SAFE Note means that certain LanzaTech NZ, Inc. SAFE (Simple Agreement for Future Equity) issued by the Company to the Investor named therein and dated December 8, 2021.
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