This Term Sheet (Equity-Based) (hereinafter referred to as the “Term Sheet”) is executed on the effective date Term Sheet Effective Date,
By and Between
Company Name (hereinafter referred to as the “Company”), having its principal place of business atCompany Address; and
Investor Name (hereinafter referred to as the “Investor”) has its principal place of business at Investor Address.
The Investor and the Company are individually referred to as the “Party” and the “Parties” collectively.
WHEREAS both the Company and the Investor have entered into an agreement to make an offer or provide financing;
NOW, THEREFORE, in consideration of the mutual covenants, the Company and the Investor summarize the proposed terms and conditions:
The Term Sheet is as follows:
Issuer: Name of the Issuer
Nature of the Offering: Type of Offering of Type of Security
Type of Security: Type of Security
Offering Size: Maximum Offering Amount in USD
Commission: Commission in Percentage
Capitalization: Capitalization Amount in USD
Dividend: Dividend Policy
Preferential Liquidation Rights: Liquidation Preferences
Conversion Rights: Conversion Rights
Voting Rights: Voting Rights
Closing Conditions: Closing Conditions
Closing Date: Closing Date
In the event of any dispute arising in and out of this Agreement between the Parties, it shall be resolved by arbitration. There shall be Number of Arbitrators arbitrator(s), which shall be appointed by Arbitration Appointing Party Name. The venue of arbitration shall be Location of Arbitration, and the Seat shall be State of Seat. The arbitrator(s)' decision shall be final and binding on both Parties.
In the event that any provision of this Agreement is deemed to be invalid or unenforceable, in whole or part, that part shall be severed from the remainder of this Agreement, and all other provisions shall remain in full force and effect as valid and enforceable.
This Agreement shall be governed in all respects by and construed in accordance with the laws of the State of Governing Law.
Any notices required or permitted by this Agreement shall be in writing and delivered by certified mail or courier to the above-mentioned address.
The entire agreement herein set forth by the Parties hereto is binding upon both Parties.
IN WITNESS WHEREOF, the Parties here to have executed this Agreement as on the day and year mentioned above.
Investor Name
Company Name
Name:
Name:
Signature:
Signature:
Date:
Date: