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Defines parties, effective date, investor/foundation role, issuance and delivery mechanics including initial and additional closings, and registration of SAFEs. Establishes use of proceeds as a qualifying business purpose, explicitly excluding passive investment acquisition or holding and lobbying activities, and prohibits personal/family/household use.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":36,"@type":70,"position":76},"https://docshare.wps.com/template/forms/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/suny-technology-accelerator-fund-safe-purchase-agreement-template-catalyst-investment/282240/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/suny-technology-accelerator-fund-safe-purchase-agreement-template-catalyst-investment/282240.png","ImageObject",442,249,{"name":88,"@type":89},"Lucas Martin","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-23","2026-09-16",true,{"@type":98,"interactionType":99,"userInteractionCount":79},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"Who are the parties to this SAFE purchase agreement?","Question",{"text":108,"@type":109},"The parties are the Foundation (investor) and the Company, which participates in the Program. The agreement also references investors and collectively refers to them as the “Parties.”","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"How does the SAFE issuance and purchase work at the closing?",{"text":113,"@type":109},"The Company issues and sells SAFEs to each investor, while investors severally agree to purchase. The sale and purchase occur at a Closing, and additional closings may be held on the same terms.",{"name":115,"@type":106,"acceptedAnswer":116},"What qualifies as an allowed use of the SAFE proceeds?",{"text":117,"@type":109},"Proceeds must be used for a “business purpose,” including items like licensing, startup costs, working capital, equipment, inventory, and certain business facility improvements. 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Foundation and the Company are sometimes referred to herein as a “Party” and, collectively, as the“Parties”. Capitalized terms not otherwise defined herein shall have the meaning set forth in the form of the Simple Agreement for Future Equity (“SAFE”) as defined below.  \nWHEREAS, the Foundation exists to further develop and expand the facilities and resources of The State University of New York (“SUNY”) in order to allow for the provision of more extensive and robust educational and research opportunities to SUNY students, faculty, staff and alumni and to the people of the State of New York, including by increasing SUNY student and faculty access to experiential learning opportunities and cutting-edge technology by engaging in various activities to foster an entrepreneurial environment in the State of New York; and  \nWHEREAS, in furtherance of this charitable mission, the Foundation has created the SUNY Technology Accelerator Fund SUNY Startup Summer School Program (the “Program”) which serves the dual purpose of providing SUNY-related companies with an opportunity to further hone their pitch skills while also furthering the translation of technology into marketable products and/or services by enhancing strategic academic-industry partnerships and building and supporting new entrepreneurial ventures; and  \nWHEREAS, Company is a participant in the Program and participated in the Demo Day quick pitches, and, as a result thereof, Foundation is investing $ [TO BE DETERMINED] in the Company by way of purchasing a SAFE, and Company is willing to sell such SAFE to the Foundation pursuant and subject to the terms and conditions contained in this Agreement.  \nNOW THEREFORE, in consideration of the foregoing, and the representations, warranties, and conditions set forth below, the parties hereto, intending to be legally bound, hereby agree as follows:  \n1. The SAFE.  \n(a) Issuance of SAFE. Subject to all of the terms and conditions hereof, the Company agrees to issue and sell to each of the Investors, and each of the Investors severally agree to purchase, a SAFE, and the Parties agree such SAFE shall be in the form of Investor’s standard template hereto (each, a “SAFE” and, collectively, the “SAFEs”) in the principal amount set forth  \nopposite the respective Investor’s name on Schedule 1, with the total principal of all SAFEs not to exceed Five Hundred Thousand and 00/100 U.S. Dollars ($500,000.00) .  \n(b) Delivery. The sale and purchase of the SAFE shall take place at a closing (the\"Closing\") to be held at such place and time as the Company and the Investors may determine (the\"Closing Date\") . At the Closing, the Company will deliver to Investor the SAFE to be purchased by Investor, against receipt by the Company of the corresponding purchase price set forth on Schedule 1 hereto (the \"Purchase Price\") . The Company may conduct one or more additional closings (each, an \"Additional Closing\") to be held at such place and time as the Company and Investor participating in such Additional Closing may determine (each, an \"Additional Closing Date\") ., provided that any such Additional Closing shall be on the same terms and conditions as set forth herein and Investor shall not have the right to withdraw its commitment hereunder except as otherwise expressly stated herein. At each Additional Closing, the Company will deliver to the Investor the SAFE to be purchased by Investor, against receipt by the Company of the correspond","cbCaiv7PASUzznKC","https://ap.wps.com/l/cbCaiv7PASUzznKC","pdf",248799,"English","# The SAFE\n## Issuance of SAFE\n## Delivery\n## Use of Proceeds\n# Representations, Warranties and Covenants of the Company","[{\"question\":\"Who are the parties to this SAFE purchase agreement?\",\"answer\":\"The parties are the Foundation (investor) and the Company, which participates in the Program. The agreement also references investors and collectively refers to them as the “Parties.”\"},{\"question\":\"How does the SAFE issuance and purchase work at the closing?\",\"answer\":\"The Company issues and sells SAFEs to each investor, while investors severally agree to purchase. The sale and purchase occur at a Closing, and additional closings may be held on the same terms.\"},{\"question\":\"What qualifies as an allowed use of the SAFE proceeds?\",\"answer\":\"Proceeds must be used for a “business purpose,” including items like licensing, startup costs, working capital, equipment, inventory, and certain business facility improvements. It excludes acquiring/holding passive investments and lobbying activities.\"}]","SUNY Technology Accelerator Fund SAFE Purchase Agreement Template - Catalyst Investment | PDF",1789570973]