[Consultation] Drafting new subscription agreements and SAFT agreements incorporating clauses from Hyeri Choi's Daewoocheo terms.
Article posted in 2022-07-08 18:30:00 | VEAT
Law firm Veat drafted the common stock subscription agreements and SAFT agreements for Venture Capital Company A (hereinafter “A Investor”)’s 100 million won investment in the blockchain company, the invested company (hereinafter “Invested Company”).
A Investor requested Law firm Veat to draft the subscription agreement for the Invested Company’s common stock and the SAFT (Simple Agreement for Future Tokens) agreement in connection with the 100 million won investment in the Invested Company. Specifically, they wanted to include a most-favored-nation clause to ensure that if the Invested Company secures a more favorable investment agreement and shareholder agreement than stipulated in this new subscription agreement, A Investor would also be granted equivalent rights.
Accordingly, Law firm Veat drafted a subscription agreement that clearly reflected the detailed negotiation points between A Investor and the Invested Company, including the most-favored-nation clause, as well as the SAFT agreement structure for establishing a SAFT agreement that allows the Invested Company to receive a certain quantity of future virtual assets to be issued in the future, based on the previous investment terms.
Law firm Veat provides its experience, accumulated through conducting legal counsel on various investment-related matters, including common stock subscription agreements and SAFT agreements, to ensure successful completion of investments.
Please contact Law firm Veat if you need legal counsel on common stock subscription agreements, SAFT agreements, etc.
Thank you. Law firm Veat.