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Startup Funding & Syndication Agreement

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 CSV [G⁵]- Global Angels 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 CSV, Birmingham Angels Members, or any other investment entity affiliated with CSV and its [G⁵]-  Global Angel 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  [G⁵]-  Global Angel Network and the Company receives funding from members of our [G⁵]-  in the amount that is greater than $50K, 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 CSV, Birmingham Angels Members, or any other investment entity affiliated with CSV and its [G⁵]-  Global Angel Network  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.

  • The Company agrees to honor the commitment for investment by our CSV, Birmingham Angels Members, or any other investment entity affiliated with CSV and its [G⁵]-  Global Angel Network or by SPV created by CSV if completed within 30-days of the Showcase presentation.

  • The Company founders and management team will make themselves available for up to 2 face-to-face and/or videos (call) conferences that will be scheduled in advance of closing.

  • The Company founders and the management team agree to receive and respond to any and all inquiries and communication from CSV in a timely manner within 48-72 hours

  • The Company hereby agrees and permits CSV to post the name of the Company on the BA webpage with name and logo and publish a press release with a portfolio update after funding that will be approved by the Company.

  • The Company is hereby prohibited from disclosing to the public any information pertaining to CSV, Birmingham Angels Members, or any other investment entity affiliated with CSV and its [G⁵]-  Global Angel Network including name and contact information, CSV business operations, and practices without the expressed permission.

By accepting funding from CSV, Birmingham Angels Members, or any other investment entity affiliated with CSV and its [G⁵]-  Global Angel Network by one investor or a group of investors, the company hereby grants permission to CSV to list and promote the company as a CSV portfolio company.

POST INVESTMENT REQUIREMENTS BY CITYSIDE VENTURES:

By accepting investment from CSV, Birmingham Angels Members, or any other investment entity affiliated with CSV and its [G⁵]- Global Angel Network, the participating company acknowledges that all investors, whether investing directly, through an SPV, or via the venture fund, appoint CSV as their official legal representative and portfolio manager throughout the entire investment life cycle. This partnership ensures a collaborative and supportive environment for the growth and success of the venture.

By accepting the application T&C the company agrees to the following requirement:  

  • The Founder(s) will hold a brief monthly "Check-Point" call for updates, lasting 10 to 15 minutes. 

  • Quarterly updates will be shared on their Sidepitch profile or sent via email within 10 days after each quarter. 

  • CSV Annual Portfolio Audit is to be completed by February 1st for the previous year.

  • Any significant and or legal issues should be promptly reported to CSV. Ensure all communication with investors is copied to CSV.

In the event of any legal issues arising that might impact the company and possibly the investors, it is of utmost importance to ensure transparency and timely communication. Your company's commitment to promptly providing all relevant documentation to CSV for immediate distribution to the investors can help maintain trust and mitigate any potential concerns that may arise. This proactive approach demonstrates a dedication to open dialogue and accountability, fostering stronger relationships with stakeholders in times of challenge.

 


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