Side letters

In rare cases, Odin will identify a clause in the set of investment legals that requires a side letter.

Rather than requesting the investee company completely reworks the legals, Odin will usually request the problem in question is addressed through the completion of a side letter.

If this occurs, Odin’s Deal Operations team will make you aware as the Syndicate Lead before contacting the investee company. Then, Odin will reach out to the company and explain the situation and what’s required to address it.

Odin will draft a side letter and upload it to Docusign, requesting the relevant signature from the investee company and any other required signatories to resolve the clause in question.

Once the side letter has been completed, Odin can proceed with signing the investment legals as normal.