Common use of Liquidation Priority Clause in Contracts

Liquidation Priority. In a Liquidity Event or Dissolution Event, this Safe is intended to operate like standard non-participating Preferred Shares. The Investor’s right to receive its Cash-Out Amount is: Junior to payment of outstanding indebtedness and creditor claims, including contractual claims for payment and convertible promissory notes (to the extent such convertible promissory notes are not actually or notionally converted into shares); On par with payments for other Safes and/or Preferred Shares, and if the applicable Proceeds are insufficient to permit full payments to the Investor and such other Safes and/or Preferred Shares, the applicable Proceeds will be distributed pro rata to the Investor and such other Safes and/or Preferred Shares in proportion to the full payments that would otherwise be due; and

Liquidation Priority. In a Liquidity Event or Dissolution Event, this Safe is intended to operate like standard non-participating Preferred SharesStock. The Investor’s right to receive its Cash-Out Amount is: Junior to payment of outstanding indebtedness and creditor claims, including contractual claims for payment and convertible promissory notes (to the extent such convertible promissory notes are not actually or notionally converted into sharesCapital Stock); On par with payments for other Safes and/or Preferred SharesStock, and if the applicable Proceeds are insufficient to permit full payments to the Investor and such other Safes and/or Preferred SharesStock, the applicable Proceeds will be distributed pro rata to the Investor and such other Safes and/or Preferred Shares Stock in proportion to the full payments that would otherwise be due; and

Liquidation Priority. In a Liquidity Event or Dissolution Event, this Safe SAFE is intended to operate like standard non-participating non‐participating Preferred SharesStock. The Investor’s right to receive its Cash-Out Cash‐Out Amount is: : (i) Junior to payment of outstanding indebtedness and creditor claims, including contractual claims for payment and convertible promissory notes (to the extent such convertible promissory notes are not actually or notionally converted into sharesCapital Stock); ; (ii) On par with payments for other Safes SAFEs and/or Preferred SharesStock, and if the applicable Proceeds are insufficient to permit full payments to the Investor and such other Safes SAFEs and/or Preferred SharesStock, the applicable Proceeds will be distributed pro rata to the Investor and such other Safes SAFEs and/or Preferred Shares Stock in proportion to the full payments that would otherwise be due; and (iii) Senior to payments for Common Stock.