Beruflich Dokumente
Kultur Dokumente
Term Sheet
Minimum Amount: $25,000. The Company may sell smaller Notes at its
discretion.
Repayment Date: 12 months from the date of issue; Company may not
prepay.
Optional Conversion: The principal and accrued interest on the Notes will be
subject to conversion, at the option of the holder, into the
same securities issued in the Company’s next financing
round at a 20% discount to the price per share in that
financing; provided that Notes will convert at a maximum
post-money valuation of $2,500,000 (the Cap).
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