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EVENTS & CONSENTS

Not specified

Equity Financing

(Needs Improvement)

This subsection outlines how an Investor's ISAFE First Notes will convert into Conversion Shares during an Equity Financing event. For the Founder, this implies dilution of ownership but also typically comes with an influx of capital into the company.

The section leaves the conversion discretion entirely to the Investor, which might be unfavorable for the Founder.

Clarification Topics

Conversion rate of ISAFE First Notes to Conversion Shares

Questions for Your Lawyer

Is it common to give the Investor sole discretion over conversion?

Local Compliance (Not specified)

Not Applicable