APPENDIX 8
Term Sheet for Crowdfunded Offering of Class B (Nonvoting)Membership Interests in a Limited Liability Company
_____________________________, LLC
TERM SHEET
FOR CLASS B (NONVOTING) MEMBERSHIP INTERESTS
Amount of Investment: |
$____________________________ |
Type of Security: |
Class B (Nonvoting) Membership Interests |
Pre-Money Valuation: |
$_____________________________ |
Capital Structure: |
Existing holders of previously issued Class A Membership Interests and Class B Membership Interests: ____% Holders of Newly Issued Class B Membership Interests: ____% Total: 100% |
Use of Proceeds: |
The Company shall use the proceeds for the development of [describe Company’s principal product or service] from this financing, together with general business ... |
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