BINDING TERM SHEETBinding Term Sheet • April 30th, 2021 • To the Stars Academy of Arts & Science Inc. • Services-allied to motion picture production
This Binding Term Sheet is entered into by and among Thomas Delonge (“Tom”), To The Stars Academy of Arts and Sciences Inc., a Delaware corporation (“TISA”), and TISA’s wholly owned subsidiary, To The Stars, Inc., a California corporation (“TISI”). Tom, TISA and TISI are each referred to individually as a “Party” and collectively as the “Parties.” Unless and until replaced and superseded by one or more agreements among the Parties, this Term Sheet is legally binding and constitutes the entire understanding of the Parties with respect to the subject matter hereof and may be amended or modified only in writing signed by the Parties.
