/ | = | Demo Deal Points |
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// | = | Participants: |
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Company. | = | [G/U/Who/acme_incorporated.md] |
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President. | = | [G/U/Who/barbara_oreilly.md] |
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Seed.1. | = | [G/U/Who/andrea_ang.md] |
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Seed.2. | = | [G/U/Who/abigail_altima.md] |
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Seed.3. | = | [G/U/Who/alison_andrews.md] |
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KeyHolder.1. | = | [G/U/Who/barbara_oreilly.md] |
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KeyHolder.2. | = | [G/U/Who/geraldine_graber.md] |
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KeyHolder.3. | = | [G/U/Who/quentin_quade.md] |
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Director.1. | = | [G/U/Who/barbara_oreilly.md] |
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Director.2. | = | [G/U/Who/geraldine_graber.md] |
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Director.3. | = | [G/U/Who/solomon_shirley.md] |
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// | = | Dates: |
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EffectiveDate.YMD | = | 2017-06-21 |
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ClosingDate.YMD | = | 2017-07-06 |
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Law. | = | [G/U/Place/US/CA/San_Francisco/San_Francisco/Geo] |
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StockPlan.Title,Date.cl | = | Acme Employee Stock Plan |
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// | = | Board: |
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TotalBoardMemberCount.# | = | 7 |
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CommonBoardMemberCount.# | = | 3 |
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MutualConsentBoardMemberCount.# | = | 2 |
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SeedBoardMemberCount.# | = | 2 |
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// | = | Valuations: |
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Seed.PricePerShare.$ | = | $10.00 |
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Convert.Share.Quantity.# | = | 10,000 |
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LeadInvestor.By.Sec | = | {Seed.1.US.Contract.By.Sec} |
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Convert.Share.Quantity.# | = | 0 |
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Purchaser.All.cl | = | {Seed.1.Name.Full}, {Seed.2.Name.Full} and {Seed.3.Name.Full} |
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Note.InterestRate.% | = | 8% |
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PremoneyValuation.$ | = | $3,000,000 |
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OptionPool.% | = | 10% |
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CommonBoardMember.IDs.cl | = | {KeyHolder.1.Name.Full}, {KeyHolder.2.Name.Full} and {KeyHolder.3.Name.Full} |
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SeedBoardMember.IDs.cl | = | {Seed.1.Name.Full} and {Seed.2.Name.Full} |
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MutualConsentBoardMember.IDs.cl | = | {Seed.3.Name.Full} and {Director.3.Name.Full} |
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MajorPurchaserDollarThreshold.$ | = | $200,000 |
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Seed.Round.Total.$ | = | $400,000 |
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UnallocatedPost-MoneyOptionPoolPercent.% | = | 20% |
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PurchaserCounselReimbursementAmount.$ | = | $20,000 |
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KeyHolderVesting.Begin.YMD | = | 2017-06-30 |
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CommonShares IssuedAndOutstandingPre-Money.# | = | 1,000,000 |
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TotalPost-MoneySharesReservedForOptionPool.$ | = | 1,000,000 |
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NumberOfIssuedAndOutstandingOptions.# | = | 1,000,000 |
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UnallocatedPostMoneyOptionPoolShares.# | = | 1,000,000 |
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Seed.1.Share.Quantity.# | = | 20,000 |
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Seed.1.Price.Debt.$ | = | $0 |
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Seed.1.Price.Cash.$ | = | $200,000 |
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Seed.1.Price.$ | = | $200,000 |
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Seed.1.Questionnaire.IndividualQualifies.ByIncome.? | = | YES |
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Seed.1.Questionnaire.By.Sec | = | {Seed.1.US.Contract.By.Sec} |
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Seed.2.Share.Quantity.# | = | 10,000 |
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Seed.2.Price.Debt.$ | = | $50,000 |
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Seed.2.Price.Cash.$ | = | $50,000 |
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Seed.2.Price.$ | = | $100,000 |
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Seed.3.Share.Quantity.# | = | 10,000 |
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Seed.3.Price.Debt.$ | = | $0 |
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Seed.3.Price.Cash.$ | = | $100,000 |
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Seed.3.Price.$ | = | $100,000 |
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KeyHolder.1.Share.Quantity.# | = | 500,000 |
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KeyHolder.2.Share.Quantity.# | = | 200,000 |
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KeyHolder.3.Share.Quantity.# | = | 100,000 |
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Seed.Authorized.Quantity.# | = | 1,000,000 |
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Seed.Quantity.# | = | 50,000 |
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Seed.Share.Price.$ | = | $10.00 |
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Common.ReservedForSeedConversion.# | = | 50,000 |
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Share.Authorized.Quantity.# | = | 3,000,000 |
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Seed.Directors.Quantity.# | = | 2 |
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// | = | For a Note issuance: |
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Note.MaturityDate.cl | = | 2019-06-25 |
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Note.InterestRate.Annum.% | = | 8% |
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EquityEvent.ThresholdProceeds.$ | = | $1,000,000 |
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Convert.PriceDiscount.% | = | 10% |
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OptionalConversion.Deciders.cl | = | {Seed.1.Name.Full} and {Seed.2.Name.Full} |
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Note.Series.# | = | One |
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Note.Date.YMD | = | 2017-06-22 |
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Note.Principal.Sum.# | = | {Seed.1.Price.Cash.$} |
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Note.MaturityDate.YMD | = | 2019-06-25 |
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Note.Total.Principal.$ | = | {Seed.Round.Total.$} |
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Convert.Valuation.$ | = | $7,000,000 |
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RepaymentPremium.% | = | 20% |
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PromissoryNote.Convert.QualifiedFinancing.PriceRatio.% | = | 0.80 |
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PromissoryNote.Interest.cl | = | {PromissoryNote.Interest.Compounding.cl} |
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PromissoryNote.Period.cl | = | {PromissoryNote.Period.BeforeMaturityDate.cl} |
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PromissoryNote.Price.cl | = | {PromissoryNote.Price.QualifiedOrCap.cl} |
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PromissoryNote.Convert.Maturity.AsOf.cl | = | {PromissoryNote.Convert.Maturity.AsOf.cl/NoteDate} |
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PromissoryNote.Convert.Maturity.Trigger.cl | = | {PromissoryNote.Convert.Maturity.Trigger.Automatic.cl} |
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PromissoryNote.Convert.QualifiedFinancing.While.cl | = | {PromissoryNote.Convert.QualifiedFinancing.While.cl/Maturity} |
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PromissoryNote.Convert.QualifiedFinancing.Price.cl | = | {PromissoryNote.Convert.QualifiedFinancing.Price.cl/Lesser} |
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PromissoryNote.Convert.QualifiedFinancing.Price.cl/Cash | = | {PromissoryNote.Convert.QualifiedFinancing.Price.cl/Cash/Discounted} |
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PromissoryNote.Convert.QualifiedFinancing.OutstandingWhen.cl | = | {PromissoryNote.Convert.QualifiedFinancing.OutstandingWhen.cl/Late} |
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PromissoryNote.Convert.Non-QualifiedFinancing.OptionDeciders.cl | = | {PromissoryNote.Convert.Non-QualifiedFinancing.OptionDeciders.cl/EachHolder} |
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PromissoryNote.Convert.Non-QualifiedFinancing.While.cl | = | {PromissoryNote.Convert.Non-QualifiedFinancing.While.cl/Maturity} |
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PromissoryNote.Convert.Maturity.ConvertTo.cl | = | {PromissoryNote.Convert.Maturity.ConvertTo.Common.cl} |
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PromissoryNote.Convert.ChangeOfControl.ValueAsOf.cl | = | {PromissoryNote.Convert.ChangeOfControl.ValueAsOf.cl/TimeOfChange} |
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// | = | Company Existing: |
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Share.Authorized.Quantity.# | = | 5,000,000 |
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Common.Authorized.Quantity.# | = | 3,000,000 |
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Common.Par.$ | = | $0.10 |
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Preferred.Authorized.Quantity.# | = | 2,000,000 |
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Preferred.Par.$ | = | $0.10 |
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Company.OriginalIncorporationDate.YMD | = | 2016-02-02 |
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Company.Original.Name.Full | = | {Company.Name.Full} |
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Company.By.Sec | = | {Company.US.Contract.By.Sec} |
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KeyHolder.By.Sec | = | {KeyHolder.1.US.Contract.By.Sec} {KeyHolder.2.US.Contract.By.Sec} {KeyHolder.3.US.Contract.By.Sec} |
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Seed.By.Sec | = | {Seed.1.US.Contract.By.Sec} {Seed.2.US.Contract.By.Sec} {Seed.3.US.Contract.By.Sec} |
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Director.By.Sec | = | {Director.1.US.Contract.By.Sec} {Director.2.US.Contract.By.Sec} {Director.3.US.Contract.By.Sec} |
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BoardMinutes.By.Sec | = | {KeyHolder.2.US.Contract.By.Sec} |
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CertificateOfIncorporation.By.Sec | = | {KeyHolder.2.US.Contract.By.Sec} |
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StockholderConsent.By.Sec | = | {KeyHolder.1.US.Contract.By.Sec} {KeyHolder.2.US.Contract.By.Sec} {KeyHolder.3.US.Contract.By.Sec} |
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Company.Handle | = | Company |
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Sign.YMD | = | ________________________ |
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xSignature | = | ________________________ |
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Seed.1.Handle | = | Ang |
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Seed.2.Handle | = | Altima |
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Seed.3.Handle | = | Andrews |
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KeyHolder.1.Handle | = | O'Reilly |
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KeyHolder.2.Handle | = | Graber |
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KeyHolder.3.Handle | = | Quade |
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Director.1.Handle | = | O'Reilly |
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Director.2.Handle | = | Graber |
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Director.3.Handle | = | Shirley |
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