WARRANT TERM SHEET
I. Parties Involved
A. Company Information
Company Name: [Your Company Name]
Address: [Company Address]
Contact Information: [Your Company Number], [Your Company Email]
B. Investor Information
Investor Name: [Investor Name]
Address: [Investor Address]
Contact Information: [Investor Phone Number], [Investor Email]
II. Warrant Details
A. Warrant Type
Employee Stock Option
B. Warrant Terms
Exercise Price: $10 per Share
Expiration Date: January 1, 2055
Vesting Schedule: 4-year Vesting with 1-year Cliff
Warrant Duration: 10 years from Grant Date
C. Warrant Conditions
Acceleration Clause: Double Trigger Acceleration
Transferability: Subject to Company Approval
Adjustment Provisions: Anti-dilution Protection
III. Rights and Obligations
A. Company Responsibilities
Make certain that individuals holding warrants are furnished with the necessary financial information promptly and within an appropriate time frame.
Ensure that the warrants continue to remain valid and that they are capable of being enforced in a manner that is efficient and effective.
B. Investor Rights
The entitlement to make use of warrants in compliance with the detailed terms and conditions that have been stipulated.
The right to receive dividend payments and the entitlement to other forms of distributions.
IV. Additional Terms
A. Governing Law
Jurisdiction: [Jurisdiction for Legal Disputes]
Law: [Applicable Law]
B. Confidentiality
Make certain that all data and details associated with warrants are maintained in a manner that guarantees their security and preserves their confidentiality.
C. Miscellaneous
Warrants shall not be transferred or reassigned to another party unless prior consent has been duly obtained in the form of a written document.
V. Execution
This Warrant Term Sheet is hereby agreed upon by the undersigned parties effective as of January 1, 2050.
[Your Name]
[Your Title]
[Your Company Name]
[Investor Name]
[Investor's Title]
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