Where can I find sample term sheet language? | support.carta.com

Where can I find sample term sheet language?

Carta VC Firm Partners can use the sample language below in their term sheets if desired, in order to ensure all portfolio company investments use Carta as their transfer agent and issue all securities on Carta.

Strong Form

Company will designate Carta as its transfer agent and electronically issue on Carta (1) all Common and Preferred shares, (2) all ISO and NSO Stock Options, and (3) all Common and Preferred Stock Warrants. This may require an electronic conversion of existing paper-based certificates and grants to Carta. Additionally, the Company will provide the Current Investors “Advanced Access” to the Company’s Capitalization Table managed and updated on Carta per the Investor’s Information Rights Agreement. Advanced access provides detailed holdings information for preferred shareholders.

Standard Form

Stock Issuance: Company will use Carta to issue stock certificates and option grants electronically.

Weak Form

Shares will not be issued on paper but rather through an authorized electronic transfer agent (e.g. www.carta.com ).