Investor Briefing Series: Buying and Selling Equity

1
Investor Briefing Series Buying and Selling
Equity
2
Buying and Selling Equity

• Sterling A. Hawkins
• 8 U.S. Army
• 8 Clark Atlanta University Emory Law
• 8 Corporate Law/Securities/Employment

3
Buying and Selling Equity

• Securities Laws
• Purpose Protect You
• Disclosures
• Misrepresentations
• Irony
• Rich get Richer Increase your knowledge
• Protection
• Documenting Desires

4
Buying and Selling Equity

• Term Sheet
• Deal-Specific Understanding
• Parties, Rights, Privileges
• Private Placement Memorandum (PPM)
• More Detailed
• Includes Business Plan Items
• Compliance with Securities Laws

5
Buying and Selling Equity

• Subscription Agreement
• Buying Stock/Equity
• Wall Street Rule
• Stockholders Agreement
• Divorce
• Repurchase of Shares
• Death
• Warrants/Options
• Right to Get More

6
Buying and Selling Equity

• Important Points
• 8 Past ? Future (Better Investments)
• 8 Expect Success (Your Reality)
• 8 TEAM!!! (Not Cheating)