SAFE (Simple Agreement for Future Equity)

SIMPLE AGREEMENT FOR FUTURE EQUITY (SAFE)

This SAFE is between [COMPANY] and [INVESTOR], dated [DATE].

1. INVESTMENT. Investor pays the Company $[AMOUNT] (the "Purchase Amount").

2. CONVERSION. On the Company's next priced equity financing, this SAFE converts into shares using the more favorable of the Valuation Cap or the Discount below.

3. VALUATION CAP / DISCOUNT. Valuation Cap: $[AMOUNT]. Discount: [20]%.

4. LIQUIDITY EVENT. On a change of control or IPO before conversion, Investor receives the greater of the Purchase Amount or the as-converted amount.

5. DISSOLUTION. On dissolution, Investor is entitled to the Purchase Amount ahead of common stock.

6. NO INTEREST OR MATURITY. This SAFE bears no interest, has no maturity date, and is not a debt instrument.

7. INVESTOR RIGHTS. [Information and pro-rata rights, as applicable].

8. GOVERNING LAW. [STATE].

Note: This follows the Y Combinator SAFE concept — confirm the current official YC SAFE form before use.

COMPANY: _____________________  DATE: __________
INVESTOR: ____________________  DATE: __________

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