The Agreement for Future Equity (SAFE) has become increasingly popular in New Zealand's startup ecosystem as a streamlined alternative to convertible notes. This document is typically used when a company seeks early-stage funding but wants to defer the complexity of establishing a company valuation and implementing immediate equity arrangements. The SAFE agreement, while maintaining compliance with New Zealand corporate and securities laws, provides a mechanism for investment to convert into equity at a later date, usually during a priced equity funding round. It includes essential terms such as valuation caps, discount rates, and conversion mechanisms, while incorporating specific provisions required under New Zealand law. This instrument is particularly suitable for high-growth startups seeking quick access to capital without the immediate complexity of share issuance or the burden of debt.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Parties: Identifies the company and the investor(s) entering into the SAFE agreement
2. Background: Sets out the context of the agreement, including the company's intention to raise capital and the investor's willingness to provide funding
3. Definitions: Defines key terms used throughout the agreement, including 'Equity Financing', 'Liquidity Event', 'Dissolution Event', and 'Post-Money Valuation Cap'
4. Purchase Amount: Specifies the investment amount and payment terms
5. Events and Conversion: Details the various trigger events (equity financing, liquidity event, dissolution) and the corresponding conversion or payout mechanisms
6. Company Representations: Company's warranties regarding its authority, corporate status, and ability to enter into the agreement
7. Investor Representations: Investor's warranties regarding their authority and sophistication
8. General Provisions: Standard legal provisions including notices, amendments, assignment, and governing law
1. Most Favored Nation: Optional provision ensuring the investor receives the benefit of more favorable terms given to future SAFE holders
2. Pro Rata Rights: Grants the investor the right to participate in future equity financing rounds
3. Board Observer Rights: Gives the investor the right to attend and observe board meetings
4. Information Rights: Provides the investor with rights to receive certain company financial information
5. Founders' Representations: Additional warranties from the company founders, typically used for early-stage investments
6. Transfer Restrictions: Additional restrictions on the transfer of rights under the SAFE
1. Schedule 1: Investment Terms: Details of the investment amount, valuation cap, and/or discount rate
2. Schedule 2: Company Details: Corporate information including company number, registered office, and current capitalization
3. Schedule 3: Conversion Mechanics: Detailed calculations and examples of how conversion will work in different scenarios
4. Appendix A: Disclosure Schedule: Any specific disclosures or exceptions to the company's representations
5. Appendix B: Form of Participation Notice: Template notice for exercising pro-rata rights (if applicable)
Find the exact document you need
Shadow Equity Agreement
A New Zealand-compliant agreement granting synthetic equity rights that provide economic benefits of share ownership without actual share issuance.
Download
Agreement For Future Equity
A New Zealand-governed investment agreement that provides rights to future equity in a company, commonly used for startup funding under NZ law.
Download
Business Equity Agreement
A New Zealand-governed agreement establishing terms for business equity investment, including share allocation, shareholder rights, and governance structures.
Download
Equity Compensation Agreement
A New Zealand-governed agreement outlining terms for granting equity compensation to employees or contractors, including vesting conditions and regulatory compliance requirements.
Download
Sweat Equity Contract
A New Zealand-governed agreement establishing terms for services provided in exchange for company equity instead of monetary compensation.
Download
Equity For Services Agreement
New Zealand-governed agreement for the provision of services in exchange for company equity, including service terms and equity compensation structure.
Download
Equity Incentive Agreement
A New Zealand law-governed agreement outlining terms for granting company equity incentives to employees or eligible participants, including vesting conditions and exercise rights.
Download
Equity Release Agreement
A New Zealand-compliant agreement allowing homeowners to access property equity while retaining residency rights, with built-in consumer protections.
Download
Phantom Equity Agreement
A New Zealand law-governed agreement establishing synthetic equity rights that mirror share value without transferring actual ownership.
Download
Employee Equity Agreement
A New Zealand-governed agreement establishing terms for employee equity ownership, including share grants, vesting conditions, and shareholder rights.
Download
Private Equity Subscription Agreement
A New Zealand-governed agreement detailing terms and conditions for private equity investment through share subscription in a target company.
Download
Equity Buyback Agreement
A New Zealand law-governed agreement for a company to repurchase its own shares from existing shareholders, including terms, conditions, and regulatory requirements.
Download
Equity Investment Agreement
A New Zealand-governed agreement setting out terms for equity investment in a company, including share issuance, investor rights, and company obligations.
Download
Employee Stock Options Agreement
A New Zealand-compliant agreement outlining terms for granting company stock options to employees, including vesting conditions and exercise rights.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)