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[Music] hey it's scott owner of cruise consulting and today we're going over a sample convertible note agreement now we're going to provide one here for you but your law firm will have this too and i generally believe that you should just work with a law firm's template they're gonna be the ones who document the deal use their template but this is helpful from informational standpoint this will actually teach you a lot and you know you'll notice you know the amount is in there that's super important the term when the money basically has to be paid back or the note needs to be extended is a really important one the valuation cap super important we've gone over that in a couple different videos um and then you're also gonna you know have the the portion about whether it's converting the common or preferred most of the time if you have especially if you have institutional vc's always going to be preferred but just scan through this convertible note template it's you'll see it's not very...
