iSAFE-style instrument, subscription to compulsorily convertible preference shares with a valuation cap and a discount

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