Term Sheet

1. Inventor right agreement

1.1. Registration Rights

1.1.1. Registrable Securities

1.1.2. Demand Registration

1.1.3. Form s-3

1.1.4. Piggyback Registration

1.1.5. Expenses

1.1.6. Lock-up

1.1.7. Termination

1.2. Management and Information Rights

1.3. Right to participate pro rata in future rounds

1.4. Matters requiring investor Director approval

1.5. Non-competition agreement

1.6. Non-diclosureagreement

1.7. Board matters

1.8. Employee Stock Options

1.9. Key Person Insurance

2. Stock purchase agreement

2.1. Representation and Warranties

2.2. Conditions to Closing

2.3. Counsel and Expenses

3. Series A

3.1. Pre-financing number of shares

3.2. Post-financing number of shares

4. Other Matters

4.1. Founders' Stock

4.2. Existing Preferred Stock

4.3. No Shop/Confidentiality

4.4. Expiration

5. Offering terms

6. Charter

6.1. Dividends

6.2. Liquidation Preference

6.3. Voting rights

6.4. Protective Provisions

6.5. Optional Conversion

6.6. Anti-diluition Provisions

6.7. Mandatory Conversion

6.8. Redemption Rights

7. Voting agreements

7.1. Board of Directors

7.2. Drag Along

7.3. Sale Rights