Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / board-written-consent-safe-issuance.docx
board-written-consent-safe-issuance.docx
Parties
Brightfield Cloud Services Inc
Delaware General Corp
Magnolia Registered Agents LLC
Lone Star Statutory Agents Inc
Jade Peak Ventures LLC
Ariel Crest Capital LLC
Volkov Bridge Holdings LLC
Each SA
Dates
April 4, 2022
September 14, 2021
April 15, 2022
April 29, 2022
February 28, 2022
Amounts
$0.0001
$1,850,000
$12,000,000
$500,000
$400,000
$350,000
$300,000
$1,000,000
$15,000
$35,000
Obligations
This consent shall have the same force and effect as if adopted at a duly called and held meeting of the Board at which a quorum was present and acting throughout
This consent may be executed in one or more counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same instrument
Each SAFE will include a Most Favored Nation ("MFN") provision, pursuant to which, if the Company subsequently issues any SAFE or convertible instrument on terms more favorable to the holder thereof than the terms of such Purchaser's SAFE, the Company shall promptly notify such Purchaser and, at such Purchaser's election, amend such Purchaser's SAFE to reflect such more favorable terms
Based on an anticipated closing date of on or about April 15, 2022, the target filing date for the Form D shall be no later than April 29, 2022
GENERAL PROVISIONS This written consent shall be filed with the minutes of the proceedings of the Board of Directors of the Company and shall be maintained with the Company's corporate records in accordance with Section 141(f) of the DGCL and the Company's Bylaws
This consent may be executed in one or more counterparts, each of which shall be deemed an original and all of which, taken together, shall constitute one and the same instrument