Business
Investment in The One-Page Company, Inc.
Investment in The One-Page Company, Inc..
About this update from Tmt Investments Plc
[{"type":"text","content":"\n \nRNS Number : 9612W TMT Investments PLC 07 February 2012 \n \n\n7 February 2012\n \nTMT INVESTMENTS PLC\n(\"TMT\" or the \"Company\")\n \nInvestment in The One-Page Company, Inc.\n \nThe Board of TMT is pleased to announce the completion of an investment in The One-Page Company, Inc. (\"One-Page\"), a start-up company building corporate software-as-a-service (\"SaaS\") solutions and consumer Internet proposal platform that enables users to systematically create, solicit, distribute, and negotiate one-page proposals between individuals and companies from anywhere around world (www.1-page.com). TMT's investment consists of a US$242,500 unsecured convertible promissory note in One-Page (the \"Note\") on the following terms:\n \n· Interest rate - 5% per annum;\n· Term - 24 months from the date of issuance of the Note;\n· Conversion - the outstanding principal and unpaid accrued interest of the Note will be automatically converted into One-Page's equity securities upon the earliest of (i) closing of the next equity financing, or (ii) on a change of control of One-Page, in either case at an equity valuation equal to the lower of (i) 80% of the equity valuation of One-Page applicable to the next equity financing or change of control, or (ii) US$5,000,000 (subject to certain adjustments);\n· Right to participate in the next equity financing - TMT will have the right to purchase up to thirty (30%) percent of the total number of One-Page's equity securities sold in the next equity financing.\n \nDefinitive agreements for the transaction were entered into, and the transaction was completed, yesterday.\n \nOne-Page was established in Delaware on 19 December 2012. Together with its 100%-owned subsidiary Topc, LLC, One-Page holds all the intellectual property rights developed for the One-Page project. One-Page is obligated to merge Topc, LLC into itself by 1 July 2012. \n \nIn 2002, One-Page's founders pioneered the concept of the 'One-Page Proposal' with an international best-selling business book, published by Harper Collins. In 2009, they launched what is now the core of the company's business - the '1-Page Job Proposal', and built the first on-line one-page proposal writing wizard that automate...