Investment Terms Template in English【】FUND LPAND 【】INCSERIES A PREFERRED STOCK FINANCINGTERM SHEET___ ___ 20__This Term Sheet is not a legally binding agreement between the Investors and the Company

Purchase Agreement, or until such time as the Investors notify the Company in writing that they are waiving their exclusivity rights.ConfidentialityThe Investors and the Company agree to keep the terms and conditions of this Term Sheet and all negotiations, discussions, and documents related to the proposed transaction confidential and not to disclose such information to any third party without the other party’s prior written consent.Administrative FeeThe Company agrees to pay the Investors an administrative fee of [insert amount] upon execution of the definitive agreements contemplated herein. This fee is non-refundable and shall be paid regardless of whether the transaction contemplated herein is consummated or not. The administrative fee may be credited against any future fees payable to the Investors in connection with the transaction contemplated herein.Investment AmountThe Investors shall purchase [insert amount] of Series A Preferred Stock of the Company at a purchase price of [insert price per share]. The purchase price shall be paid in cash at the closing of the transaction.Use of FundsThe proceeds from the sale of the Series A Preferred Stock shall be used by the Company for general corporate purposes and working capital.Definitive AgreementsThe parties shall negotiate, approve, execute and deliver the following definitive agreements: (i) Stock Purchase Agreement, (ii) Certificate of Designations of Series A Preferred Stock, and (iii) any other agreements reasonably necessary to consummate the transaction contemplated herein. The definitive agreements shall contain customary representations, warranties, covenants and closing conditions, including but not limited to, rights of first refusal, drag-along rights, and registration rights.Governing LawThis Term Sheet shall be governed by and construed in accordance with the laws of the State of [insert state].JurisdictionAny dispute arising out of or in connection with this Term Sheet shall be submitted to the exclusive jurisdiction of the courts of the State of [insert state].CounterpartsThis Term Sheet may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument