Sample Investment Agreement Template For Michigan Limited Liability Companies printable pdf download

Sample Investment Agreement Template For Michigan Limited Liability Companies

INVESTMENT AGREEMENT

THIS INVESTMENT AGREEMENT (this “Agreement”) is dated as of

_____________, 2012, and is entered into by and among ______________________________

_____________________________, a Michigan limited liability company (the “Company”),

____________________, _______________ and _____________, the principal members of the

Company (the “Company Principals”) and Start Garden, LLC, a Michigan limited liability

company (the “Investor”). The Company and the Company Principals are collectively referred

to in this Agreement as the “Company Parties.”

RECITALS

The Company was formed for the purpose of further developing, commercializing

and operating the business concept identified on Schedule A and includes any subsequent

iteration of the business concept developed by the Company Parties (the “Business”).

Investor desires to make an investment (the “Investment”) in the amount of Five

Thousand Dollars ($5,000) (the “Investment Amount”) into the Company to facilitate such

Business.

The terms of this Investment are simplified from a traditional debt or equity

investment. The Investor will not receive any equity in the Company in exchange for the initial

Investment and there is no certainty of repayment of the Investment Amount at any time in the

future. In exchange for the Investment, the Investor will receive certain rights to participate in

future issuances of Company securities.

This Agreement is entered into by the parties to define the terms and conditions

upon which the Investor will make the Investment.

AGREEMENT

The parties agree as follows:

The Investment. Investor will make the Investment in the Company in

consideration for the rights and privileges set forth in this Agreement.

Future Issuances of Securities.

2.1

If at any time in the future the Company proposes to sell and issue

any debt or equity securities, or any other securities or instruments entitling the holder thereof to

receive any profits, capital, assets or property of the Company (collectively, “Securities”), in a

single transaction or series of related transactions that results in gross proceeds to the Company

of at least $50,000 (a “Qualified Financing”), the Company shall deliver written notice to the

Investor stating (i) its bona fide intention to offer such Securities, (ii) the amount and type of

Securities to be offered and (iii) the price and terms upon which it proposes to offer such

Sample Investment Agreement Template For Michigan Limited Liability Companies