[Company's Letterhead]
TERM SHEET
FOR THE PROPOSED SERIES [specify] INVESTMENT IN
[Company's Name], a company incorporated in [Jurisdiction]
This Term Sheet summarizes the principal terms for the proposed investment in [Company's Name] (the "Company") by [Name of Investor] (the "Investor").
This Term Sheet is confidential and non-binding, except for the sections titled "Confidentiality," "Exclusivity," and "Governing Law," which shall be legally binding.
1. Key Investment Details
| Investor | [Name of Investor] |
| Investment Amount | [specify] |
2. Key Rights and Terms
2.1. Liquidation Preference
In the event of a liquidation event (e.g., sale, merger, dissolution), the holders of the Preferred Shares will be entitled to receive, in preference to the holders of Ordinary Shares, an amount equal to [specify] the original purchase price for their shares plus any declared but unpaid dividends. After this payment, any remaining proceeds will be distributed pro-rata among all shareholders (including holders of Preferred Shares on an as-converted basis).
2.2. Anti-Dilution
The Preferred Shares will have a [specify - e.g., Broad-Based Weighted-Averag...