FOR SERIES A PREFERENCE SHARES IN
[INSERT COMPANY NAME]
This Term Sheet summarises the principal terms of the Series A Preference Share Financing of
[insert Company name], a [insert jurisdiction] incorporated company (“Company”).
consideration of the time and expense devoted and to be devoted by the Investors with respect to this
investment, the Exclusivity/Confidentiality
provisions of this Term Sheet shall be
binding obligations of the Company whether or not the financing is completed (“Binding
Provisions”). No other legally binding obligations will be created until definitive agreements are
executed and delivered by all parties. This Term Sheet is not a commitment to invest, and is
conditional on the completion of due diligence, legal review and documentation that is satisfactory to
the Investors. This Term Sheet and the definitive agreements shall be governed in all respects by the
laws of [insert jurisdiction].
As soon as practicable following the Company’s acceptance of this
Term Sheet and satisfaction of the Conditions to Closing
Investor No. 1: [_______] shares ([__]%), $[_________] (“Lead
Investor No. 2: [_______] shares ([__]%), $[_________]
Investor No. 3: [_______] shares ([__]%), $[_________]
as well as such other investors mutually agreed upon by Investors and
[________],[________] and [________]
fully payable on Closing.
Series A Convertible Preference Shares (“Series A Preference
Type of Securities:
Price Per Share:
$[_______] per share (based on the capitalisation of the Company set
out below) (“Original Purchase Price”).
The Original Purchase Price is based upon a fully-diluted pre-money
valuation of $[_____] and a fully-diluted post-money valuation of
$[______] (including an employee share option pool representing
[__]% of the fully-diluted post-money capitalisation).