APPENDIX 6
Term Sheet for Crowdfunded Offering of Debt Securities
(CONVERTIBLE PROMISSORY NOTES)
_________________________________ , INC.
TERM SHEET
FOR CONVERTIBLE NOTE FINANCING
___________ , 20 ____
This Term Sheet sets forth the principal terms proposed for the sale and issuance of Convertible Promissory Notes of ___________, Inc., a Delaware corporation (the “Company”). No legally binding obligations will be created by this Term Sheet until definitive agreements are executed and delivered by all parties. This Term Sheet is not a commitment to invest or issue any promissory note, and is conditioned on the completion of due diligence, legal review and documentation that is satisfactory to the Investors. This Term Sheet shall be governed in ...
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