This clause identifies the industry in which the business operates (e.g. software, biotech) and the geographical scope of its operations (e.g. Toronto-based, Canadian). This information should be brief but can affect how an investor interprets the rest of the information in the agreement and evaluates the SAFE. An example of this is: The business of the Corporation is [Brief Description of Business, for example, "a Waterloo-based developer of mobile solutions"].