Series A Financing for eZuce, Inc.
Acted as sole counsel to eZuce, Inc. on all legal issues. Foley initially advised the company with respect to its incorporation, capitalization, and initial fundraising, which fundraising was done through the use of convertible promissory notes. We drafted the notes and advised the company with respect to all aspects of their fundraising activity. The initial fundraising closed when the Turkish company Karel Elektronik Sanayi ve Ticaret A.S. made a $1 million investment. The closing involved the sale of convertible promissory notes, common stock, and the negotiation of a term sheet for a future OEM agreement with Karel, covering the sale of eZuce products in Europe and Asia. Since the closing of the initial fundraising, have also advised the company with respect to its commercial agreements, reseller agreements, and OEM agreements. Foley also advises eZuce on all intellectual property matters in the United States and internationally.