Transform your daily workflows and Share Safety Contract

Aug 6th, 2022
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How to Share Safety Contract

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in this video were going to be going over the lab safety contract for anatomy and physiology laboratories as well as an overview of the laboratory space please note the lab safety contract is also in your lab manual and will be posted on blackboard the safety contract while in the anatomy and physiology laboratories the following safety guidelines must be followed at all times 1. no eating drinking or application of cosmetics including lip balm is allowed in the laboratory to prevent possible contamination two no children or individuals who are not stark state anatomy and physiology students are allowed in the laboratories potential hazardous materials and sharp instruments may be present in the lab which can pose safety concerns and liability issues three follow only the authorized lab procedures and instructions as outlined in the laboratory manual or given by your instructor if you have any questions concerning the laboratory procedure please consult your instructor before proceed

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Unlike a convertible note, a SAFE is not a loan; it is more like a warrant. In particular, there is no interest paid and no maturity date, and therefore SAFEs are not subject to the regulations that debt may be in many jurisdictions. This simplicity is the primary motivation of a SAFE.
Are SAFE Notes Debt? No, SAFEs should not be accounted for as debt but instead as equity. Experienced venture capitalists expect to see SAFE notes in the equity section of a companys balance sheet - therefore, they should be classified as equity, not debt.
The SAFE is an investment document that is not a debt instrument, but rather appears on the companys capitalization table like other convertible securities such as options.
A SAFE is an investment contract between a startup and an investor that gives the investor the right to receive equity of the company on certain triggering events, such as a: Future equity financing (known as a Next Equity Financing or Qualified Financing), usually led by an institutional venture capital (VC) fund.
Most importantly, unlike convertible notes, SAFE notes are not a loan or a debt instrument. This means that they lack a defined maturity date or interest rate. As such, there is no time pressure for the company to convert the SAFE note into equity during a fundraising round.
A SAFE is an agreement to provide you a future equity stake based on the amount you invested ifand only ifa triggering event occurs, such as an additional round of financing or the sale of the company.
SAFE agreements can include a discount. The discount is used if the SAFE investor money converts in future financing rounds and the valuation was at or below the valuation cap. For example, a 20% discount rate means an investors money would buy shares at a $8m valuation if the priced round was $10m (20% discount).
A KISS agreement (which is a Keep It Simple Security), is a simplified investment structure that is similar to a convertible note, which gets capital into your company much faster than more conventional methods.

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