Convertible Note Term Sheet by Cofounders
The Convertible Note Term Sheet outlines the key economic and structural terms for a proposed convertible note financing, including investment amount, interest, maturity, valuation cap, discount, conversion mechanics, and treatment upon sale of the company. It serves as a non-binding summary to guide negotiation prior to drafting the formal Convertible Note Purchase Agreement, and reflects standard early-stage financing practices commonly used in Singapore startup fundraising.
Convertible Note Term Sheet
The following is a summary of the basic terms and conditions of a proposed convertible promissory note financing of [company name], [company registration number], with registered address at [company address]. This term sheet is for discussion purposes only and is not binding on Company or the Investors (as defined below).
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