Investment Multiple: 2.0x
Maturity: 60 months
Payments: Monthly
Security Interest: All assets of the business
Ownership % Represented by Securities: 0% equity interests in the Issuer or any voting or management rights with respect to the Issuer as a result of an investment in Securities.
Revenue Sharing: If the film is sold: a single lump-sum payment to NextSeed investors.
If the film is distributed: 80% of proceeds in year 1, 70% of proceeds in year 2, 60% of proceeds in year 3, 50% of proceeds in year 4, 50% of proceeds in year 5.