Pro Rata Side Letter, fill-sheet

Kurdify's term sheet grants pro-rata rights only to investors putting in $50,000 or more. The standard document is YC's Pro Rata Side Letter, published alongside the SAFE at ycombinator.com/documents. Download the official .docx there; do not draft your own.

What it does

Gives the Safe holder the right (not the obligation) to purchase its pro-rata share of the Standard Preferred Stock in the Equity Financing in which the Safe converts, so the investor can maintain their ownership percentage in the next priced round.

Fill-sheet

Company:        [Kurdify holdco legal name]
Investor:       [Investor legal name]
Safe reference: Post-Money Safe dated [date], Purchase Amount $[amount],
                Post-Money Valuation Cap $6,500,000
Date:           [same date as the SAFE, usually]
Signatories:    [Founder name, CEO] and [Investor]

Rules of use

• Offer it proactively only at $50,000 and up; below that, only if a cheque is strategically worth it.
• One template for everyone; never hand-negotiate custom rights per investor at this stage (MFN chaos later).
• If a lead asks for an information-rights side letter too, that is normal; route it through the lawyer.