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A convertible note is a loan from the investor to the company that converts to equity in the company upon a preferred stock financing that meets certain conditions. Not aware of any other relatively goo. This form also assumes that the borrower is a Delaware corporation.
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The terms of the loan are available for the borrower to read and understand.
It is a document ideal for an agreement between people who do not have contact with one another on a regular basis.
Document a Loan Between Two Parties. Based on a set of open source angel investment templates created by Zheng Huifen and Bernard Leong for the entrepreneurial ecosystem specific to Singapore jurisdiction. FORM OF CONVERTIBLE BRIDGE LOAN AGREEMENT.
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