Our first vault was a “pre-money” vault, because at the time of its launch, startups raised small amounts of money before launching a cheap funding round (typically a round of Serie A preferred shares). The safe was an easy and quick way to get the first money in the business, and the concept was that safe owners were just early investors in this future price cycle. But fundraising at the beginning developed in the years following the launch of the original vault, and now startups are raising much larger sums of money than the first round of “Seed” funding. While safes are used for these seed towers, these cycles are really better regarded as totally separate financing rather than “bridges” in subsequent price cycles. Thus, the “old” proportional right is removed from the new safe, but we have a new (optional) letter that offers the investor a proportional right in the financing of the Series A Preferred Stock, based on the investor`s as-converted secure ownership, which is now much more transparent. Other elements to be agreed that protect the interests of both parties are Long Stop Date and Long Stop Price. In the event that the company fails to increase a qualifying cycle by the long-stop date – this should not exceed 6 months from the date of the agreement – the shares will continue to be issued at the long-stop price. . . .