BASED / Resilience House
Framework outline
26_0429

Term Sheet framework.

High-fidelity term sheet framework for the EUR 1m pre-seed round with counsel-gated SAFE logic and preferred-equity fallback.

Terms status

Framework only; legal review required.

Target raise

EUR 1,000,000

Pre-seed round.

Preferred instrument

SAFE / SAFE-like

German-law eligibility and precedent fit to be confirmed.

Fallback

Preferred equity

Formal GmbH equity route if counsel or investors prefer.

German-law note: US-style SAFE mechanics should not be assumed to apply unchanged to a German GmbH. The working options are an adapted German-law SAFE-like / convertible-equity contract, a conventional convertible loan, or formal preferred equity with shareholder and notarial steps.

Term sheet source table

Current structure.

Issuer[Based Resilience House legal entity / GmbH name]
RoundPre-Seed
Target raiseEUR 1,000,000
InstrumentSAFE / German-law SAFE-like subject to counsel confirmation; preferred equity fallback.
Open gatesCurrent shareholder register, Lakestar CLA status, valuation/cap/discount, minimum ticket, investor rights, closing conditions.