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Promissory Note Term Sheet (v2)
Confidential -- For Preview Purposes Only
Promissory Note Term Sheet (v2) - attorney-drafted template. Party names and deal-specific details have been replaced with neutral placeholders. Review before use.
[COMPANY]
SUMMARY OF PROPOSED TERMS FOR
PROMISSORY NOTE FINANCING
The following is a summary of the basic terms and conditions of a proposed promissory note financing of [COMPANY], a [STATE] limited liability company (the “Company”) and the related issuance of warrants for equity securities of [HOLDCO LLC, a Delaware limited liability company]. This term sheet is for discussion purposes only and is not binding on the Company or the Investors (as defined below), nor is Company or any of the Investors obligated to consummate the transactions contemplated hereby until definitive agreements have been executed and delivered by the applicable parties.
[Signatures Follow]
AGREED AND ACCEPTED:
[COMPANY]
By: [PARENT COMPANY]
Its: Sole Member
Name:
Title:
INVESTOR
[●]
Name:
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Promissory Note Term Sheet (v2)
Credit & Loan Agreements -- US - General