Term Sheet for Potential Investment |
$25.00 |
| This is a very detailed Term Sheet for a prospective Preferred Stock investment in a private company, coupled with a strategic agreement and warrants. This tends to be very pro-investor oriented and is more detailed than most term sheets.
Format: |
Microsoft Word[Name of Company]
TERM SHEET FOR POTENTIAL INVESTMENT
Series [ ] Preferred Stock
Confidential
This term sheet summarizes the principal terms with respect to a potential private placement of equity securities of (the “Company”) by a group of investors (the “Investors”) led by _________________________ (“Strategic Investor”). This term sheet is intended solely as a basis for further discussion and is not intended to be and does not constitute a legally binding obligation except as provided under “Confidentiality,” “Exclusivity”, “Expenses”, “Due Diligence” and “No Other Agreements” below. No other legally binding obligations will be created, implied, or inferred until a document in final form entitled “Stock Purchase Agreement,” is executed and delivered by all parties. Without limiting the generality of the foregoing, it is the parties intent that, until that event, no agreement shall exist among them and there shall be no obligations whatsoever based on such things as parol evidence, extended negotiations, “handshakes,” oral understandings, or courses of conduct (including reliance and changes of position), except as provided under “Confidentiality,” “Exclusivity”, “Expenses”, “Due Diligence” and “No Other Agreements” below.
The Company and the investors are discussing a private placement of shares of Preferred Stock on the following terms:
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AMOUNT OF INVESTMENT |
Approximately $_________to $_________ |
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