This SAFE is the Canada Version 1.2 Post-Money Valuation Cap form. It gives an investor a
future right to equity, with conversion and payout mechanics tied to defined financing and
liquidity events.
Uses a post-money valuation cap to set Safe Price and Liquidity Price calculations.
Automatically converts in an equity financing into the greater of standard preferred or
SAFE preferred share outcomes.
Defines liquidity and dissolution outcomes as the greater of cash-out amount or conversion
amount, subject to liquidation priority.
Sets liquidation priority junior to debt, pari passu with other Safes/preferred, and
senior to common for cash-out rights.
Includes comprehensive defined terms (e.g., company capitalization, liquidity event,
options, converting securities, direct listing).
Contains company and investor representations, transfer and amendment rules, securities
law restrictions, and governing law provisions.