1. BBAA Precedent Legal Documents Improving the legal process James Trevis and Jon Gill, Eversheds LLP BBAA Annual Conference, Brands Hatch 19 June 2008

2. Introductions

James Trevis

Partner

Jon Gill

Solicitor

3. How standard legal documents can assist

Portray the professionalism of the investor

Fair deal terms

Narrow the range of points of contention

Time and cost efficiency

Integrate with next round funding (BVCA)

4. Precedent Legal Documents

Term Sheet

Shareholders / Investment Agreement

Articles of Association

Explanatory Note

5. The Future

Online launch

Improved use of legal resource

Ancillary documents

Feedback

6. Acknowledgements

BBAA

• Anthony Clarke

• Ron Norman

• Jenny Tooth

NESTA

• George Whitehead

• Iain Wilton

• Libby Kinsey

Octopus Ventures

• Alex MacPherson

Advantage Business Angels

• Bob Barnsley

7. Thank you for your time and attention

James Trevis, Partner

0845 497 1108

[email_address]

Paul Pugh, Partner

0845 498 7539

[email_address]

Robert Bough, Associate 0847 497 1109 [email_address] Jon Gill, Solicitor 0845 497 1459 [email_address] 8. EVERSHEDS LLP 2008.Eversheds LLP is a limited liability partnership.