The First Spark is building the infrastructure for humanity's next evolution — interactive tools that help people reprogram their reality through consciousness technology.
Kate's Paint LLC dba The First Spark
This certifies that in exchange for the payment by the Investor of the Investment Amount set forth below, Kate's Paint LLC, doing business as The First Spark ("Company"), hereby issues to the Investor the right to certain shares of the Company's equity, subject to the terms set forth in this Simple Agreement for Future Equity ("SAFE").
Conversion: This SAFE will convert into equity upon a qualified financing event, acquisition, or IPO at the more favorable of: (a) the Valuation Cap divided by the Company Capitalization, or (b) the price per share with Discount Rate applied.
TFS Units: In addition to SAFE conversion rights, Investor receives TFS Units equal to their investment amount, granting access to premium membership benefits and platform perks as outlined in the Company's tier structure.