Convertible Secured Promissory Note

State:
Multi-State
Control #:
US-ENTREP-0036-2
Format:
Word; 
Rich Text
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Description

A Convertible Note Subscription Agreement details the factors in the coversion of a note. A convertible note is aform of short-term debt that converts into equity, typically in conjunction with a future financing round; in effect, the investor would be loaning money to a startup and instead of a return in the form of principal plus interest, the investor would receive equity in the company.
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Convertible Secured Promissory Note