SAFE Liquidity Price

If there is a Liquidity Event before conversion or termination of the SAFE, the Investor will automatically be entitled to receive a portion of the Proceeds equal to the greater of (i) the SAFE purchase amount or (ii) the amount payable on the number of shares of Common Stock equal to the SAFE purchase amount divided by the Liquidity Price. The Liquidity Price used for this calculation depends upon the type of SAFE: Discount, Valuation Cap, or MFN, and generally conforms to the calculation of the applicable Conversion Price for each type of SAFE.