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Sample Preferred Term Sheet

Purpose

Key Questions: What is a Preferred Term Sheet? What are the required elements of the Preferred Term Sheet? 

This tool provides a template and overview of what goes into a Preferred Term Sheet and can be adapted to suit your organization's needs. 

This sample Term Sheet was designed to be used in conjunction with standard MaRS articles of amendment documents, for a company’s capitalization that initially includes one class of common shares (“Common Shares”). This sample Term Sheet will need to be appropriately customized for each end-user’s application, including but not limited to replacing references to “Common Shares”, if appropriate.

Contents

  • Term Sheet
  • The Offering
  • Terms of the Preferred
  • Shareholders Agreement
  • Other Matters
  • Signatures
  • Appendix A - Capitalization Table 
Contact Person/Organization: 

MaRS Discovery District 

Type of Tool:

Publication Date: 
Unknown
Videos: 

What Goes Into a Term Sheet? - Ask Jay