Term Sheet for Venture Capital Competition

I. Introduction

This Term Sheet sets forth the proposed terms and conditions for a potential investment in [YOUR COMPANY NAME] by [VENTURE CAPITAL FIRM]. It outlines the key details of the investment offer made in connection with the Innovate2050 Venture Capital Competition scheduled for September 15, 2050.

II. Investment Details

1. Investment Amount: The [VENTURE CAPITAL FIRM] proposes to invest $5,000,000 in [YOUR COMPANY NAME].

2. Valuation: The pre-money valuation of BoldTech Innovations Inc. is estimated to be $20,000,000.

3. Investment Structure: The investment will be made in exchange for a 25% equity stake in BoldTech Innovations Inc.

III. Investment Terms

• Dividend Preference: [VENTURE CAPITAL FIRM] will have a non-participating preferred equity stake with a 1.5X liquidation preference.

• Anti-Dilution Protection: The investment will include standard weighted average anti-dilution protection provisions.

IV. Governance and Control

1. Board Representation: [VENTURE CAPITAL FIRM] will have the right to appoint 2 directors to the board of [YOUR COMPANY NAME].

2. Major Decisions: Certain major corporate decisions will require the approval of BoldTech Innovations Inc. and [VENTURE CAPITAL FIRM].

V. Exit Strategy

• Liquidation Preference: In the event of a sale or liquidation, the [VENTURE CAPITAL FIRM] will be entitled to receive 25% of the proceeds before any distribution to common shareholders.

VI. Conditions Precedent

1. Due Diligence: The investment is subject to satisfactory completion of due diligence by the [VENTURE CAPITAL FIRM].

2. Legal Documentation: Execution of definitive legal agreements, including a Stock Purchase Agreement and Investor Rights Agreement.

VII. Miscellaneous

• Confidentiality: All parties agree to maintain the confidentiality of discussions and terms outlined in this Term Sheet.

• Governing Law: This agreement shall be governed by and construed by the laws of [Jurisdiction].

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