Bridge Financing Term Sheet

This Bridge Financing Term Sheet is a document between a company and an individual or entity (known as the "Noteholder" or “Investor”) who is agreeing in principal to provide interim financing to the company in exchange for a warrant to purchase the company's common stock. This document sets out the key terms of the proposed financing including the amount to be financed, financing due date and collateral that will secure any notes entered into under the agreement. It is non-binding but essential when entering into this type of transaction. (continued ...)