Pro Rata Side Letter (Caymans) by Y Combinator

Updated 17 October 2025

This Pro Rata Agreement grants an investor the right to purchase a pro rata share of Standard Preferred Shares in a future equity financing round. This right is connected to an initial investment made through a Simple Agreement for Future Equity (SAFE) with a Post-Money Valuation Cap. The agreement outlines the terms for this pro rata right, including its termination conditions and provisions for assignment and amendment.

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