Fwd: Reporty homeland security Ltd - Term Sheet draft

Dear Darren,

Allow me to introduce myself— my name is Tomer, I am an associate at FWMK — law offices and I will be working with Adv. Udi Knaani on the proposed financing transaction in Reporty Homeland Security Ltd.

Attached please find for your review and comments is a suggested first draft of the Terms Sheet for the said transaction.

We will appreciate any comment you may have for this document.

Kind regards,
Tomer

Hi Darren,
Just checking that you got Tomer's e-mail.
Best regards,
Udi

שלי iPhone-נשלח מה

Dear Ehud,

Udi is not feeling so well and had to leave home early for some rest.

Meantime, attached please find is a revised TS for Reporty with couple of markups we added following recent conversation held with Udi.

Basically, In order to allow you to gain control over the Company in due time, we ask under this term sheet for an additional second Warrant (this time up to $2.5m at 175% of the PPS). Upon exercising the two Warrants you will hold the majority (end a bit more) of the share capital of the Company. We also added that in this case you will be entitled to be represented in the Board by three (out of five) directors.

When Company will do well, you would probably want to make sure that it is being promoted in the right direction, so this relatively fair mechanism, will give you the way to take over.

For illustration purposes, we also added a pro-forma cap table, showing your shareholding in the various stages of using the Warrants.

Please let us know if any further clarification is needed or if a clean version of this TS can be forwarded to the other party for their review.

All the best,

Tomer

Dear Ehud,

Sony to bother but I am sending this email again for the sake of good order. I just realized that we gave wrong name to the file of the illustration cap table - corrected now. All other issues remain exactly the same. BR, Tomer

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Dear Darren
Happy New Year!
I trust this email finds you well.
Did you get any instructions from Jeff re how to continue with Reporty?
Do you need such instructions now?
PI let me know
Best
EB

Sent from my iPhone