Term Sheet

The "Term Sheet" provides a quick overview of key elements of the proposed venture funding.

Type of Security

Valuation and Stockholdingd

Rights and Preferences

Closing date

Dividends

Liquidation Preference

Conversion Rights

Redemption

Amount of Funding

Antidilution Protection

Registration Rights

Voting Rights

Restrictions

First Refusal Rights

Information Rights

Board of Directors

Stock Restriction Agreement

Special Conditions

Expenses