Finance & Investment
Convertible Promissory Note
Convertible promissory note with interest, maturity, conversion terms, and qualified financing triggers. Two signers (company and investor).
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# Convertible Promissory Note **Date of Issuance:** ___________ **Principal Amount:** $___________ FOR VALUE RECEIVED, ___________ ("Company"), a ___________ organized under the laws of the State of ___________, hereby promises to pay to: **Investor:** ___________ ("Holder") the principal sum of $___________ (the "Principal"), together with accrued interest, subject to the terms set forth below. ## 1. Interest **Interest Rate:** ___________ Interest shall accrue on the outstanding Principal from the Date of Issuance and shall be ___________. Accrued interest shall not be payable in cash but shall be added to the Principal for purposes of conversion. ## 2. Maturity Date **Maturity Date:** ___________ Unless earlier converted or repaid, the outstanding Principal plus accrued interest shall be due and payable on the Maturity Date. **Maturity Extension:** ___________ ## 3. Conversion upon Qualified Financing Upon the closing of a Qualified Financing (as defined below), the outstanding Principal and accrued interest shall automatically convert into shares of the equity securities issued in the Qualified Financing. **Qualified Financing Threshold:** $___________ in aggregate gross proceeds (excluding conversion of this Note and other convertible instruments). **Conversion Discount:** ___________ to the price per share paid by new investors in the Qualified Financing. **Valuation Cap:** $___________ The conversion price shall be the lower of: (a) the price per share in the Qualified Financing multiplied by (1 minus the Conversion Discount); or (b) the price per share implied by the Valuation Cap divided by the Company's fully diluted capitalization immediately prior to the Qualified Financing. ## 4. Conversion at Maturity
Fields (25)
issue date
date · required
principal amount
text · required
company name
text · required
entity type
select · required
formation state
select · required
investor name
text · required
principal amount repeat
text · required
interest rate
select · required
interest type
select · required
maturity date
date · required
maturity extension
select · required
qualified financing
text · required
conversion discount
select · required
valuation cap
text · required
maturity option
select · required
voluntary conversion
select · required
coc treatment
select · required
prepayment
select · required
security
select · required
investor accreditation
select · required
info rights
select · required
governing state
select · required
company signer name
text · required
company signer title
text · required
investor signer name
text · required
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