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Term Sheet for Warrant Purchase |
$25.00 |
| This is a Term Sheet for a warrant purchase. The form is pro-warrant-holder oriented.
Format: |
Microsoft WordTERM SHEET
This term sheet summarizes the principal terms with respect to a potential transaction between ________________________ (the “Company”) and ________________________ (“Strategic Partner”).
This Term Sheet is a statement of the present material intentions of the parties, and except that the Company agrees to negotiate in good faith towards conclusion of the transactions referred to below and except as set forth under the headings “Confidentiality,” “No Other Agreements,” and “Due Diligence” below as to which the parties intend to be legally bound, no legally binding agreement or obligation of any party are covered by this Term Sheet. A binding commitment with respect to the transactions (other than as set forth under the headings “Confidentiality,” “No Other Agreements,” and “Due Diligence” below) will result only upon the execution of definitive agreements, if any. No oral modifications to this principle shall be valid.
The Company and Strategic Partner are discussing a transaction on the following terms:
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Warrant: |
The Company will issue a Warrant containing the following terms to Strategic Partner: (a) Warrant to purchase shares of Series __ Preferred Stock. (b) Exercisable in whole or in part at any time and from time to time for five (5) years. (c) The Warrants, if fully exercised, will represent a number of shares equal to ___% of the Company’s outstanding capitalization (on a fully diluted basis) post exercise. (d) The exercise price will be equal to $__________ (the last round price of the Company’s Series __________ Preferred Stock).
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(e) Strategic Partner will also be entitled, at its discretion, to purchase up to $__________ of the Company’s fully registered freely tradable common stock at the IPO price when the Company goes public, less the underwriter’s discount.... |
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This is only a partial view of this document. Term Sheet for Warrant Purchase is just $25.00 and can be immediately downloaded after purchase. |
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