Summary of Offering
This Term Sheet is intended to summarize the principal terms of a proposed financing by XXXX (the “Company”). This term sheet is for discussion purposes only. The terms and conditions are subject to change and this term sheet does not constitute either an offer to sell or an offer to purchase securities by consultant Commerce Capital Services, LLC, which acts as consultant to the Company. The issuance and sale of any securities is subject to completion of due diligence to the investors’ satisfaction, the preparation and negotiation of definitive documentation and, subsequent to the date hereof, no material adverse developments shall have occurred relating to the business, assets, operations, properties, condition (financial or otherwise) or prospects of the Company and its subsidiaries, taken as a whole. This Term Sheet shall be governed in all respects by the laws of the State of Nevada.
Series A Preferred Units
Issuer
XXXX (the “Company”)
Securities Offered
$2 million aggregate face amount of the Company’s Series A Preferred Ownership Units (the “Units”). Upon closing of minimum found, there will be rolling closes until the final closing and all closings will be based upon the lowest unit price of the round.
Offering Price
$100,000.00 per 1% ownership share (based on the valuation of the Company set forth below)
Pre-Money Valuation
The Offering Price is based upon a fully-diluted post-money valuation of $8,000,000 (including a Company founder pool representing 35% of the fully diluted post-money capitalization). This includes past investment in prior entities, patents, know-how, research and development costs, marketing, legal expenses, operating expenses, and other valuation results such as USPAP valuation based on comparable financings in lighting, and industry multiples of expected run-rate results (DCF analysis of managements’ consolidated financial projections of the Company).
Preferred Cash Distribution
Payment of distributable cash is a preferred distribution: 1st lien position after operating costs, and before any Founder distributions.
报价摘要
本条款单旨在概述XXXX（此后称为公司）提议融资的主要条款。本条款单仅用于讨论。条款和条件会发生变化，本条款单不构成销售报价或顾问商Commerce Capital Services, LLC（它担任公司的顾问）购买证券的报价。所有证券的发行和销售都必须获得投资商认可的适当评鉴，并制定和协商正式证券文件以及随后其日期。对于公司、资产、运营、财产、条件（财务或其它）或公司和其分支其它方面（作为一个整体），不得出现实质性的不利进展。本条款单的各个方面都应受到内华达州法令的约束。
A系列优先股
发行商 XXXX（“公司”）
报价证券
公司A系列优先股（股），总面值为200万美元。在结算最低设立时，其将为滚动结算，并且所有结算都将根据取整的最低单价。
报价
每1％所有权股份为10万美元（根据以下所述的公司估值）
投资前企业估值
报价基于完全稀释的800万美元投资前企业估值（包括公司创建人股权池，完全稀释投资前资本总额的35％）。这包括先前实体的过往投资、专利、专业技术、研发费用和其它估值结果（例如USPAP估值），这依据相应的照明融资以及预期运行率结果的行业倍数（DCF管理分析的公司固定财务预测）。
优先现金分配
可分配现金的支付为优先分配：运营成本后，并且在创建人分配前首先留置
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