Investor Convertible Note Template

  • Pre-written agreement for a convertible note

$9

This product:

This legal template is used when an entrepreneur needs to take in a smaller initial financing prior to a venture round in the form of a promissory note that then eventually converts into the next financing round, typically at a premium. This type of financing is often referred to as “bridge” financing or a “bridge loan” and is very useful in situations where the company needs a fast and low-cost investment without all of the legal documents or hassle of establishing a value for the company.

 

If the company fails to raise the given amount of venture capital, the investment is repaid in the form of debt. An alternative to this agreement is the Standard Agreement for Future Equity (SAFE), which does not provide protection for the investor if the company fails to raise the venture round.

Always consult an attorney for final review when using this document.

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License Details

 

This product is licensed for use by the purchaser only. You may not distribute or sell this product without the written consent of Boldmore Growth Partners.

Investor Convertible Note Template

$9