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Convertible Note Term Sheet (v2)
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Convertible Note Term Sheet (v2) - attorney-drafted template. Party names and deal-specific details have been replaced with neutral placeholders. Review before use.
[COMPANY],
a [STATE] corporation
CONVERTIBLE NOTE TERM SHEET
The following is a summary of the principal terms of a convertible note financing (the “Financing”) of [COMPANY] This term sheet is for discussion purposes only and is not intended to be construed as a binding agreement. The parties do not intend to be bound until they enter into definitive agreements regarding the subject matter of this term sheet.
Offering Terms
Convertible Note Terms
Offering Mechanics
Confirmation of receipt and review as of the ____ day of ________ [YEAR]
By:
Signature
Name;
Date: , [YEAR]
Purchaser Indication of Interest
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Convertible Note Term Sheet (v2)
Investment Agreements -- US - General