Convertible Note Deed (Pre-Money)
A Convertible Note Deed is an agreement whereby an investor provides funding to a new company in return for future equity. The conversion price of the notes is based on a "pre-money" valuation of the company.
Last updated January 14, 2025
Suitable for Australia
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Frequently asked questions
Use this Convertible Note Deed if:
- You are an early-stage business hoping to raise finance; or
- You are a seed investor seeking to claim future equity of a new business.
What does the Convertible Note Deed cover?
- Creation, issue and subscription of Notes;
- Register of Notes;
- Payment of subscription amount by Noteholders;
- Purpose of Notes issued;
- Company representations and warranties;
- Noteholder representations and warranties;
- Conversion and redemption procedures; and
- Transfer of Notes.
Further information:
View Sample Convertible Note Deed (Pre-Money)
The Legal Risk Score of a Convertible Note Deed (Pre-Money) Template is Medium
Our legal team have marked this document as medium risk considering:
- It is one component of a complex transaction.
- The deed contains terms such as MFN that are favourable to the investor and should be reviewed carefully.
- It needs to be signed as a deed in order to be valid.
Articles about Convertible Note Deed (Pre-Money)
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