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DEAL DETAILS Security type: Convertible note Round size: $1 million MicroVentures allocation: $300,000 Valuation cap: $13 million Discount: 20% Interest rate: 6% per annum Length of term: 36 months from initial closing Conversion provisions: Note will convert into securities of the company utilized in the next Qualified Equity Financing round at a price per share based on the lesser of a $13 million valuation cap or a 20% discount to the premoney valuation established…