Sample Convertible Note Term Sheet

Convertible promissory note financing the following is a summary of the basic terms and conditions of a proposed convertible promissory note financing of company name. One of the benefits of convertible notes is that they are relatively straightforward. Variable text is in un secured un subordinated convertible note term sheet.

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Convertible Note Financing Term Sheet 13868201 By Bottom Line Law

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Creating a convertible note term sheet helps facilitate discussion between the company and its investors in the negotiation stage.

Sample convertible note term sheet. Company s existing financing structure capital requirements performance the results of. This is a formal term sheet for a convertible note issuance in connection with a seed stage financing. This term sheet is for discussion purposes only and is not binding on the company or the investors as defined below nor is the company or any of the investors obligated to consummate the convertible promissory note financing until a definitive convertible note purchase agreement has been agreed to and executed by the company and the investors. This term sheet outlines a convertible note financing appropriate for a privately held company.

The actual terms and conditions of an investment if any will vary based on the applicant. Investors diligence and other factors. A convertible note term sheet is a simple non legally binding document that records the major terms of negotiation between a company and investors for the issue of convertible notes. The process of a seed stage financing does not necessarily include a formal term sheet.

This term sheet is provided as a sample and is for illustrative purposes only. It is non binding and is not self executing. Drafting note to convertible note financing. This term sheet is for discussion purposes only and is not binding on company or the investors as defined below.

This term sheet summarizes key terms of a proposed convertible note issuance for discussion purposes only.