SAFT definition

SAFT means an instrument containing a future right to receive units of Tokens, similar in form and content to this SAFT, purchased by Investors prior to the Company’s completion of the Milestone for the purpose of funding the Company’s and SWIO’s organizational expenses for 2 years after the date of this SAFT.

SAFT means an agreement containing a future right to Tokens, similar in form and content to this Agreement.

SAFT means an agreement containing a future right to units of Tokens purchased by Purchasers, similar in form and content to this agreement, which a significant portion of the amount raised under the SAFTs will be used to fund the Company’s development of a decentralized blockchain-based computer network (the “[Network]”) that enables [describe the end goal, function and utility of the proposed Network].

Examples of SAFT in a sentence

• The longer the Purchaser is willing to delay receipt or distribution of Tokens after the Effective Date of the SAFT, the larger the Bonus (in the form of Tokens) the Purchaser will receive from the Company.

• Purchaser shall make the required payment to the Company in consideration for Purchaser’s purchase of the right pursuant to the SAFT in the manner communicated by the Company.

• Promptly after receipt of such written notice from the Purchaser, the Company agrees to amend and restate this Instrument to be identical to the Subsequent SAFT.

• In the event the Purchaser determines that the terms of the Subsequent SAFT are preferable to the terms of this Instrument, the Purchaser will notify the Company in writing.

• Bonus Arrangement means an arrangement whereby the Company agrees to issue a larger allocation of Tokens to the Purchaser if the Purchaser agrees to accept a deferred delivery or distribution of the Tokens following the Effective Date of the SAFT.

More Definitions of SAFT

SAFT means an agreement containing a future right to units of Tokens purchased by Purchasers, similar in form and content to this agreement, which a significant portion of the amount raised under the SAFTs may be used to fund the Company’s development of a decentralized application (the “Application”) running on the Ethereum blockchain that enables the Company’s PROPS ERC-20 tokens to be used as rewards for content creators and other digital media contributors that are participating in the PROPS ecosystem.

SAFT means Simple Agreement for Future Tokens.

SAFT means the Simple Agreement for Future Tokens between a Subscriber and the Token Issuer, the form of which is included in the exhibit section of the Memorandum, through which the Token Issuer grants the Subscriber the future right to receive Tokens.

SAFT means an agreement containing a future right to units of Tokens purchased by Purchasers, similar in form and content to this agreement.

SAFT means an instrument containing a future right to Tokens, similar in form and content to this instrument, purchased by investors for the purpose of funding the Company’s business operations. References to “this SAFT” mean this specific instrument.

SAFT means this “Simple Agreement for Future Tokens” instrument through which the Token Issuer is granting Subscriber the future right to receive Tokens.

SAFT means an agreement containing a future right to units of Tokens purchased by Purchasers, similar in form and content to this agreement, which a significant portion of the amount raised under the SAFTs will be used to fund the development of drone cargo operating platform as provided in http://cryptocean.io (the “CRYPTOCEAN Platform”).