Free 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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