Matters /
Future equity
Use RoboLawyer to produce and share your advance subscription agreement (SAFE). All common terms and multiple investors supported.
- The company's current directors and shareholders
- Names of investors and amounts to be paid
- Knowledge of any consents required to proceed
- Whether SEIS/EIS relief is to be sought
- Multiple investors in one round
- Differing terms for each subscriber
- Optional participation in rounds below mandatory threshold
- Optional discounted price on conversion
- Pre, post-money or no valuation cap
- Most-favoured nation provision
- Automatic conversion on longstop date
- Special rights (participation, observers)
- Deal overview memo for the board
- Advance subscription agreement (per investor)
- Information letter (per investor)
- Shareholders' resolutions
- Fully detailed completion board minutes
- All Companies House forms
More about this matter.
Our agreement is an 'advance subscription agreement for future equity' (ASAFE). It's short and simple to understand. It mirrors the structure of the Y-Combinator SAFE but uses modern English style drafting. It's designed to be compliant with UK requirements such as a longstop date for conversion for those investors that wish to claim SEIS or EIS relief on their shares.
The same terms can apply to every investor, or you can tweak them for each one. Each investor receives their own private tailored document as part of the same circulation process.
A deal overview memo gives you full oversight of the entire matter. We also include information letters for each investor outlining the terms of their specific investment which even includes a projection of how their respective investments might convert.
Ever wonder how the SAFE actually converts to shares? Our equity investment matter automatically takes into account any future equity agreements you close through the platform, automatically calculating the correct numbers of shares to be issued to each advance subscriber.