Ability to put forward another $1,000,000 in equity. Expiration: the Company and the Investor hereby agree that the Safe shall not be subject to automatic conversion in connection with any Equity Financing in which the proceeds received by the Company in such Equity Financing are less than $2,500,000 (excluding the Safe and any other securities converting in such Equity Financing). 10 business days to execute their option after $2.5M raised. Have to let Andreas know in writing. Otherwise they can execute their option at any time. Option Termination Date:. Andreas Calabrese added to the board. Need to get $500,000 in liability insurance within 180 days of closing. The Investor shall have the right, but not the obligation, to purchase additional shares of preferred stock to be issued in the Equity Financing in an amount up to the Investor’s Pro Rata Share thereof, at the standard price per share in which the preferred stock is sold in such Equity Financing (the “Pro Rata Right”). Things we need to get Andreas. Balance sheet. Possibly at the end of each financial year. Income and cash flow statement. Budget and budget plan for the next fiscal year. Approved by the board and prepared on a monthly basis. KPIs and any other important metrics (as approved by the board). Investor maintains the right (at their expense) to investigate our books and properties during business hours. If Twos enters into more favorable safe terms then this SAFE is amended to those terms. Investor shall be entitled to participate in any preemptive rights, information rights, rights of first refusal and co-sale, and registration rights, on the same basis as any other investors in such Equity Financing. without regard to any otherwise applicable minimum share ownership requirements. EACH PARTY HEREBY WAIVES ITS RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT OR THE SAFE OR THE SUBJECT MATTER HEREOF OR THEREOF. Didn’t see anything about the 20% cap. Didn’t see anything about the $16,000,000 post-money cap. Both may be better for us?