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4
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Term Sheet |
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1. |
Description of Shares
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2. |
Investment Unit
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3. |
Number of Units
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4. |
Price per Unit
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5. |
Voting of Shares
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6. |
Board Representation
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7. |
Shareholder Value
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8. |
Dilution Restraints
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9. |
Liquidity Assurances
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10. |
Future Participation Rights
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11. |
IPO Registration Rights
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12. |
Penalties
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13. |
Use of These Proceeds
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5
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Due Diligence |
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1. |
Balance Sheets (Audited 2 years,
minimum) |
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2. |
Operating Statements. (Audited 2 years,
minimum)
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3. |
Governance (By-laws, Minute Book,
Standing, …)
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4. |
Existing & Contemplated Legal
Agreements (Debt Agreements, Titles/Leases, Prior
Financings, Employee, Vendors, Customers, Patents,
…)
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5. |
References (Customers, Personal
Character) |
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6 |
Closing |
board |
1. |
Subscription Agreement (Closing
Date, Escrow Account, Max./Min.)
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2. |
"Blue Sky" Registration
& Approval
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3. |
Closing Package Contents &
Executed Subscription Agreements
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4. |
Clearance & Acknowledgement
of Proceeds
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5. |
Acceptance of
Proceeds
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6. |
Issuance of Ownership
Certificates
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7. |
Board Election (if
appropriate) |
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