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Stereogum @stereogum Here's the legal contract for Grimes' selling of her soul bit.ly/2XE393Y CONFIDENTIAL [REED SMITH DRAFT-527.20] Grimes Sale of Soul- Summary of Terms percent (%) of the This Term Sheet summarizes the principal terms of the proposed sale of up to Soul (as defined below) of Claire Boucher p/kla Grimes ("Grimes"). This Term Sheet is for discussion purposes only: there is no obligation on the part of any negotiating party until definitive agreements are signed by all parties. This Term Sheet does not constitute either an offer to sell or an offer to purchase any interest in Grimes' Soul. Issuer: Claire Boucher p/a Grimes ("Grimes") Amount of Financing: Up to S shares of Grimes' Soul ("Soul Shares") which collectively shall Up to represent up to a percent %) interest in her Soul, at a price of S per Soul Share ("Share Price"), plus the requirement that each holder of Soul Shares comply with the "Goodness Covenant" described below as a condition of continued ownership. Ofering: Soul: The "Soul" of Grimes: () consists of the spiritual, immaterial and immortal essence of Grimes, which exists independently of and distinctly from her physical being, but is the essence of life itself; (i) is mutable in time but immutable in space, containing eternal truth and wisdom; (ii) is imbued with the knowledge of the good and with honor, and (iv) contains perceptive, rational and contemplative powers that enable it be close to the source of all things in the Universe. Pre-Money Valuation: Priceless Dividends: The holders of the Soul Shares shall be entitled to share in the joy and happiness created by Grimes' Soul, as and when such joy and happiness is created from time to time. Such joy and happiness may include flashes of brilliant white light and an ethereal feeling. Liquidation/Dissolution: In the event of any liquidation or dissolution of Grimes, holders of Soul Shares shall be entitled to remain connected to the Soul wherever it comes to reside. A liquidation or dissolution of Grimes shall be deemed to include her physical being no longer being among us. Non-Voting: Holders of Soul Shares will have no voting rights with regard to any decisions made by or on behalf of Grimes' Soul. Preemptive Rights: Except with regard to a Drag-Along Sale (as defined below), purchasers of Soul Shares shall have the right, in the event Grimes proposes to offer additional Soul Shares in amount that exceeds the number of Soul Shares that are the subject of this Offering, to purchase additional Soul Shares that will 6:18 PM - May 29, 2020 · Twitter Web App

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Origin Entry: Grimes' "Selling Out"

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Uploaded Jun 02, 2020 at 01:19PM EDT

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Grimes' "Selling Out"

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