Simple Agreement for Future Tokens (SAFT)

THIS SIMPLE AGREEMENT FOR FUTURE TOKENS (this “Agreement”) is made and entered into as of [Date] (the “Effective Date”) by and between [Issuer Name], a [Jurisdiction] [Entity Type] (the “Issuer”), and [Buyer Name], a [Jurisdiction] [Entity Type] (the “Buyer”).

RECITALS

WHEREAS, the Issuer is developing a decentralized platform and ecosystem (the “Platform”) as described in the Whitepaper (as defined below);

WHEREAS, the Issuer desires to sell future tokens to be issued on the Platform (the “Tokens”) and the Buyer desires to purchase such Tokens;

WHEREAS, the Buyer acknowledges that the Tokens are not currently available and may not be available for a significant period of time, and that the Buyer is purchasing the right to receive Tokens in the future, and not the Tokens themselves;

WHEREAS, the Buyer is an accredited investor (as defined under the applicable securities laws);

NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the parties agree as follows:

1. Definitions

• “Discount Rate” means [Percentage]%.
• “Effective Date” has the meaning set forth in the preamble.
• “Purchase Amount” means [Amount] [Currency].
• “Public Sale Allocation” means [Amount or Percentage] of the Public Sale.
• “Public Sale Price” means the price per Token at which Tokens are sold in the Public Sale.
• “Public Sale” means the sale of Tokens to the general public.
• “Token Delivery Date” means the date on which the Tokens are delivered to the Buyer, which shall be [Number] days after the Public Sale.
• “Tokens” has the meaning set forth in the recitals.
• “Whitepaper” means the Issuer’s whitepaper describing the Platform and the Tokens, as may be amended from time to time.

2. Sale and Purchase of Tokens