Common use of Lock-in Clause in Contracts

Lock-in. In case the SAFE Sequel Note Holder is an Angel Fund, the investment shall besubject to lock-in for a period of 1 (one) year from the date of allotment of the SAFE SequelNotes, or such other period as prescribed under SEBI (Alternative Investment Funds) Regulations, 2012.

Appears in 2 contracts

Sources: Simple Agreement for Future Equity (Safe), Simple Agreement for Future Equity (Safe)

Lock-in. In case the T-SAFE Sequel Note Holder is an Angel Fund, the investment shall besubject be subject to lock-in for a period of 1 (one) year from the date of allotment of the T-SAFE SequelNotesSequel Notes, or such other period as prescribed under SEBI (Alternative Investment Funds) Regulations, 2012.

Appears in 1 contract

Sources: Simple Agreement for Future Equity (Safe)