Format pack, 2 formats · FV07-E7

Bridge and SAFE-type Instruments, What Works in India

A United States style SAFE cannot be used in India, because money taken by a company here is either share capital against which shares are allotted or a borrowing the deposit rules permit, and a SAFE is neither of those things.

Length
8 pages
Blanks to fill
69
Files
Word and PDF
Law stated to
14 September 2026

The 2 formats inside

  1. 1iSAFE-style instrument, subscription to compulsorily convertible preference shares with a valuation cap and a discountss.42, 55, 62(1)(c), Companies Act 2013 · NDI Rules 201942 blanksOn its own₹149
  2. 2Director’s unsecured loan with a conversion undertaking, and the declaration under the Deposit Ruless.62(3) · Rule 2(1)(c), Companies (Acceptance of Deposits) Rules 201436 blanksOn its own₹149

Read the opening

The first part of “iSAFE-style instrument, subscription to compulsorily convertible preference shares with a valuation cap and a discount”, as it downloads. Blanks are highlighted.

SUBSCRIPTION AGREEMENT FOR COMPULSORILY CONVERTIBLE PREFERENCE SHARES
(bridge instrument with a valuation cap and a discount)

THIS AGREEMENT is made at [Place of signing the agreement] on this [Day of the month the agreement is made] day of [month, year]

Between

1. [Name] Private Limited, a company incorporated under the Companies Act 2013 bearing CIN [CIN] and PAN [Company's PAN], having its registered office at [Company's registered office address] (the “Company”) of the First Part;

2. [Name of the investor], [description, PAN or registration number, jurisdiction], of [Investor's address] (the “Investor”) of the Second Part; and

3. [First promoter's name] and [Second promoter's name], the promoters of the Company, of [addresses] (the “Promoters”) of the Third Part.

Whereas

36 more paragraphs and tables follow in the full format.

More in Agreements & Deeds