Indiana Terms for Private Placement of Series Seed Preferred Stock refers to the specific legal and contractual provisions that govern the issuance and sale of Series Seed Preferred Stock in Indiana through a private placement offering. These terms are based on state-specific regulations and can vary in different jurisdictions. The Series Seed Preferred Stock is a type of investment instrument often used by startups and early-stage companies to raise capital. Preferred stockholders have certain rights and privileges compared to common stockholders, such as priority in distributions and liquidation preference. In Indiana, there are several key elements and provisions typically included in the terms for private placement of Series Seed Preferred Stock: 1. Authorized Shares: Specifies the maximum number of preferred shares the company can issue. 2. Purchase Price: Defines the price at which the preferred stock will be sold to investors. 3. Dividend Rights: Outlines the terms and conditions for the payment of dividends to preferred stockholders. This may include the rate, timing, and cumulative or non-cumulative nature of dividends. 4. Liquidation Preference: Establishes the order in which preferred stockholders receive proceeds in the event of liquidation or a sale of the company. It can be a multiple of the original purchase price or a participating preference. 5. Conversion Rights: Outlines the circumstances under which preferred stockholders have the option to convert their shares into common stock, usually triggered by an IPO or other predetermined events. 6. Voting Rights: Specifies the extent of preferred stockholders' voting rights, which can vary and may include consent rights, board representation, or protective provisions. 7. Anti-Dilution Protection: Addresses potential dilution of preferred stock due to subsequent financing rounds and ensures that investors' ownership percentage is maintained by adjusting the conversion price. 8. Redemption Rights: Outlines the conditions and terms under which the company can redeem the preferred stock, either at the request of the investor or at the company's discretion. 9. Board Approval: Requires board approval for any changes to the terms and conditions of the preferred stock, protecting the rights and interests of the investors. It is important to note that these terms can be customized based on negotiations between the company and the investors. Additionally, there may be other state-specific requirements or variations in Indiana depending on the specific circumstances of the private placement. While the description above pertains to the general terms of Indiana private placement of Series Seed Preferred Stock, it is recommended to consult with legal professionals or specialized advisors familiar with Indiana securities laws to ensure compliance and accuracy specific to your situation.