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Alter Convertible Note Agreement Template

Alter Convertible Note Agreement Template

Aug 6th, 2022

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Simple instructions on how to Alter Convertible Note Agreement Template

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How to Alter Convertible Note Agreement Template

4.7 out of 5

33 votes

In this tutorial, Scott from Cruise Consulting discusses a sample convertible note agreement, emphasizing the importance of consulting a law firm's template for documenting deals. He highlights key components of the convertible note, including the amount, repayment terms, valuation cap, and conversion type (common or preferred). Scott notes that the repayment timeline is crucial and that institutional venture capitalists generally prefer preferred shares when converting. He encourages viewers to review the template to better understand its structure and elements, stressing that while the provided sample is informative, legal advice and official documentation should come from qualified attorneys.

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