A convertible note purchase agreement isB an agreement between certain investors and a company that binds all the investors to the same terms and conditions for a particular round of convertible debt financing. Convertible debt is debt that can be converted into equity.
A Convertible Note is a loan instrument, but upon the occurrence of an "Equity Financing" - such as raising money from VCs - the note will convert into equity. This particular note contemplates a discount as a concession to note purchasers. Other concessions include a valuation cap and/or warrants, which this note does not consider. There are two pieces to this document: 1) the Note Purchase Agreement and 2) the Note. This is similar to a Stock Purchase Agreement and the underlying Stock Certificate, which symbolizes the actual stock held by the purchaser. The Note Purchase Agreement contains many of the key terms of the Note. This is especially helpful if you have multiple people purchasing Notes under the same agreement and you need to make an amendment - there is a governing umbrella agreement that can be amended vs. having to amend.
Boston Massachusetts Convertible Note Purchase Agreement
State:
Multi-State
City:
Boston
Control #:
US-ENTREP-00120-1
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
FAQ
Living in the Hub is not cheap. Boston is one of the most expensive cities in the United States. ing to payscale.com, Boston's cost of living is 50% higher than the U.S. average. Boston rent prices are also some of the highest in the country.
Boston's many firsts include the United States' first public park (Boston Common, 1634), the first public school (Boston Latin School, 1635), and the first subway system (Tremont Street subway, 1897). Since the nation's founding, Boston has been a national leader in higher education and research.
Here, during the 20th century, Charles Lindbergh promoted commercial aviation; Anti-Vietnam War and civil rights rallies were held, including one led by Martin Luther King, Jr.; and in 1979 Pope John Paul II gave Mass to a gathered crowd. Today, Boston Common is open for all to enjoy.
Massachusetts Boston / State
Boston's many ?firsts? include the United States' first public school (1635), and first subway system (1897). The area's many colleges and universities make Boston an international center of higher education and medicine, and the city is considered to be a world leader in innovation for a variety of reasons.
Boston is known for its starring role in the American Revolution in the late 1700s, but it is equally renowned as a sophisticated center of contemporary culture, higher education, and technology. Aside from its rich history, Boston's sporting traditions run deep. What Is Boston Known for? | Celebrity Cruises celebritycruises.com ? blog ? what-is-boston... celebritycruises.com ? blog ? what-is-boston...
Greater Boston was the site of the American Revolution, is home to Harvard and MIT, and was the birthplace of Dunkin Donuts and public figures such as JFK. History runs through this city's veins, although it can't all be found in your textbook. Explore some of Boston's bizarre and classic claims to fame. Boston: 10 Claims to Fame | Britannica britannica.com ? list ? boston-10-claims-to-f... britannica.com ? list ? boston-10-claims-to-f...
Reasons why Boston is worth visiting. Boston is full of history, food, unique neighborhoods, and museums. Along with being on the waterfront and having all of the benefits of ocean activities. It has all of the concerts, events, sports, and activities you'd expect from a big city.
Boston is unique as it is almost completely surrounded by water, with the Atlantic Ocean on two sides and the Charles River which runs along the back of the city. Whale watches, harbor cruises, tours of the Boston Tea Party Ship, island hopping, sailing and rowing on the Charles River, touring the U.S.S.
In Boston, a single adult needs to make $60.08 an hour, or $124,966 a year to "live in sustainable comfort." For two working adults with two children, the total required salary is $319,738.