CONFIDENTIAL INFORMATION LEGAL DISCLAIMER
This document is the property of CitySide Ventures LLC and is considered to be strictly confidential. It contains information intended only for the person to whom it is transmitted. With the receipt of this document, the recipient acknowledges and agrees that: i) in the event recipient does not require this document further, this document will be returned, at the address listed above as soon as possible; ii) the recipient will not copy, fax, reproduce, divulge, or distribute this confidential document, in whole or in part, without the expressed written consent of CitySide Ventures LLC iii) all of the information herein will be treated as confidential material with no less care than that afforded to your own company confidential material.
TERMS & CONDITIONS
This is an agreement of understanding between the applying startup (“Company”) and CitySide Ventures LLC. (“CSV”)
Your Company applied was selected and accepted to present to CitySide Capital Network for the purpose of raising venture funding, By accepting the Company hereby agrees to the following terms and conditions:
The Company will provide the most up to date pitch deck, offering documents and current financials.
In the event that the Company will receive funding from Birmingham Angels Investor Network the Company agrees to pay CSV an administration & coordination fee of $2,600 per round of funding if the company raises a minimum capital of $50K or more.
If the Company elects for CSV to Syndicate the deal with our CitySide Capital Network (CAN) and the Company receives funding from members of our CAN in the amount that is greater than $36K, CSV will charge an additional administration & coordination fee of $1,600 post funding.
The administration fee will be billed to the Company upon receiving the funding and clear in the receiving company bank account. The Company will be required to pay the invoice within 7 business days.
It is understood by the Company that all verbal or nonverbal commitments that are made by the BA members and Birmingham Angels LLC for funding are based on the information provided by the Company. In the event that any or part of the information to be found to be inaccurate, misleading or misrepresented, all deals and financial commitments will be immediately void.
By accepting founding from CitySide Ventures, Birmingham Angels and or any other groups or fund associated with CSV by one investors or a group of investors, the company hereby grant permission to CSV to list and promote the company as a CSV portfolio company.
POST INVESTMENT REQUIREMENTS:
To make sure that we are clear on our philosophy and process we have created the following requirement guidelines following an investment from CSV, CAN and or Birmingham Angels.
In the event of any legal issues arising that might impact the company and possibly the investors, it is paramount that your company will provide all documentation to CSV to be distributed to the investors immediately.