[Consultation] Drafting of SAFE Investment Agreement with Added Repayment Rights for Investment Funds

Law firm Veat drafted a SAFE investment agreement with additional investment warrants based on a referral from venture capital firm A.

Generally, SAFE investment agreements are made by investing first in early stage startups where it is difficult to determine the value of the company, and subsequently, follow-on investments are made according to the valuation determined by the subsequent investor. Accordingly, However, in this case, in addition to issuing shares based on the valuation (enterprise value valuation) determined according to the agreement between the investor and the invested company, and including a provision for returning the investment funds if the invested company does not receive a follow-on investment until a specific point in time, we drafted a SAFE investment agreement.