Corporate Education Center | Term Sheet
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Term Sheet


TERM SHEET Issue: [VENTURE CAPITAL FIRM] (“VC”) and/or any member of its corporate group (“the VC Group”) will purchase up to [AMOUNT] Series A Convertible Preferred Stock (“Series A”) newly issued by [YOUR COMPANY NAME] (the “Company”) at a price per share of [PRICE] (the “Purchase Price”). In addition, other investors shall purchase at least [AMOUNT] but not more than [AMOUNT] of newly issued Series A at the Purchase Price. The shares of Series A will be convertible at any time at the option of the holder into common shares of the Company (“Common Stock”) on a one-for-one basis, adjusted for future share

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