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G/YCombinator-SAFE-2020/Form/MFN-Only
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v1-1.md
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Note.Title
=
Simple Agreement for Future Equity - MFN Only
BusinessNote
=
This is a Most Favored Nation form. It extends the Base form (see below, at the bottom).
Intro.7.sec
=
Event.Equity.1.ConversionTarget.cl
=
the number of shares of {
_Standard_Preferred_Stock
} equal to the {
_Purchase_Amount
} divided by the lowest price per share of the {
_Standard_Preferred_Stock
}
Event.Equity.2.ConversionTarget.cl
=
{
_Standard_Preferred_Stock
}
Def.Safe_Preferred_Stock.ReferencePrice.cl
=
{
_Safe_Price
}
Event.Equity.2.Condition.1.sec
=
(i) are the same documents to be entered into with the purchasers of {
_Standard_Preferred_Stock
}, and
Def.Liquidity_Price.sec
=
“{
DefT.Liquidity_Price
}” means the fair market value of the {
_Common_Stock
} at the time of the applicable {
_Liquidity_Event
} (determined by reference to the purchase price payable in connection with such {
_Liquidity_Event
}).
Def.sec
=
{
Def.Capital_Stock.sec
}
{
Def.Change_of_Control.sec
}
{
Def.Direct_Listing.sec
}
{
Def.Dissolution_Event.sec
}
{
Def.Dividend_Amount.sec
}
{
Def.Equity_Financing.sec
}
{
Def.Initial_Public_Offering.sec
}
{
Def.Liquidity_Event.sec
}
{
Def.Liquidity_Price.sec
}
{
Def.Proceeds.sec
}
{
Def.Safe.sec
}
{
Def.Standard_Preferred_Stock.sec
}
{
Def.Subsequent_Convertible_Securities.sec
}
Misc.Amend.Condition.1.sec
=
(A) the {
_Purchase_Amount
} and Section {
MFN.Xnum
} may not be amended, waived or modified in this manner,
xlist
=
{
Intro.sec
}
{
Event.Sec
}
{
Def.Sec
}
{
MFN.Sec
}
{
Rep.Company.Sec
}
{
Rep.Investor.Sec
}
{
Misc.Sec
}
MFN.Xnum
=
3
Rep.Company.Xnum
=
4
=
[G/YCombinator-SAFE-2020/Form/Base/v1-1.md]
CodersNote
=
Is this an intended difference or an accidental variation from the Cap variety?
Def.Standard_Preferred.the/a
=
a
Note
=
US Tweaks.
=
[G/YCombinator-SAFE-2020/Form/Z/US-Tweaks.md]
/Docs/G/YCombinator-SAFE-2020/Form/MFN-Only/v1-1.md