/Docs/G/YCombinator-SAFE-2020/Form/Base/v1-1.md &k=Event.Equity.Sec
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Equity Financing
- If there is an Equity Financing before the termination of this Safe, on the initial closing of such Equity Financing, this Safe will automatically convert into {Event.Equity.1.ConversionTarget.cl}.
- In connection with the automatic conversion of this Safe into {shares_of/_} {Event.Equity.2.ConversionTarget.cl}, the Investor will execute and deliver to the Company all of the transaction documents related to the Equity Financing; provided, that such documents (i) are the same documents to be entered into with the purchasers of {_Standard_Preferred_Stock}, with appropriate variations for the {_Safe_Preferred_Stock} if applicable, and (ii) have customary exceptions to any drag-along applicable to the Investor, including (without limitation) limited representations, warranties, liability and indemnification obligations for the Investor.