Board Consent: Simple Agreement for Future Equity
(SAFE) with Discount and No Cap

Summary

This board consent template is for use by a corporation's board of directors to provide their written consent to the corporation's approval of a Simple Agreement for Future Equity (SAFE) financing with a discount and no cap. This template includes practical guidance and drafting notes. This template may be tailored to suit each transaction. Thus, this template is drafted in respect of a SAFE financing with a discount and no cap. For alternative consent templates for different types of SAFE financings, please see: • Form: Board Consent: SAFE with Cap and No Discount • Form: Board Consent: SAFE with Cap and Discount • Form: Board Consent: Simple Agreement for Future Equity (SAFE) with Most Favored Nation (MFN) Provision, No Cap or Discount