„Promised Options,“ the promised but unassigned options, which are the largest options, which (i) are considered pending options in the calculation of the standard preferred share price per share, in accordance with the agreement or agreements that were entered into prior to execution or as part of the maturity sheet for equity financing (or the initial conclusion of the equity financing , if there is no calendar sheet). The new safe doesn`t change two basic features that we still consider important to startups: our first safe was a „pre-money“ safe, because at the time of its launch, startups raised small sums of money before raising a cheap financing cycle (usually an Ad Stock Round series). The safe was a quick and simple way to get the first money into the business, and the concept was that safe owners were only early investors in this future price cycle. But fundraising, staged early on, grew in the years following the introduction of the initial safe, and now startups are raising far more money than the first „seeds“ funding cycle. While safes are used for these seed rounds, these towers are really better regarded as totally separate financing, instead of turning „bridges“ into subsequent price cycles. Our updated safes are post-money safes. By „post-money“ we say that the safe owner is measured by post, all the safe money is accounted for – which is now his own trick – but before (before) the new money in the price cycle that transforms and dilutes the coffers (normally series A, but sometimes the Seed series). The post-money safe has what we think is a great advantage for founders and investors – the ability to calculate immediately and exactly how much property the company has been sold. For the founders, it is essential to understand how much dilution is caused by each chest they sell, just as it is fair for investors to know how much they have bought ownership of the business. „Pro Rata Rights Agreement,“ a written agreement between the company and the investor (and, if applicable, the holders) and the investor the right to acquire its proportionate share of private equity investments by the company after equity financing, subject to the usual exceptions. For the purposes of the Pro Rata rights agreement, pro rata is calculated on the basis of the report (1) of the number of shares of the capital stock owned by the investor directly prior to the issuance of the securities and (2) of the total number of shares in the stock of capital on a fully diluted basis, calculated immediately before the issuance of the securities.