The following form* is a financing term sheet for convertible notes issued in connection with the seed-stage financing of a startup company. It includes practical guidance, drafting notes, and alternate and optional clauses: “Convertible Note Financing Term Sheet (Seed-Stage Startup).”
*This excerpt from Lexis Practice Advisor, a comprehensive practical guidance resource providing insight from lending practitioners, is reproduced with the permission of LexisNexis. Reproduction of this material, in any form, is specifically prohibited without written consent from LexisNexis.