Convertible Promissory Note Purchase Agreement

Are you a company looking to raise funds through a convertible promissory note? Look no further than BizzLibrary.com, where you can find a professionally drafted Convertible Promissory Note Purchase Agreement template. This comprehensive agreement is designed to protect both the company and the purchaser, outlining the terms and conditions of the investment.

Understanding the Convertible Promissory Note Purchase Agreement

A Convertible Promissory Note Purchase Agreement is a legal document that governs the sale and purchase of a convertible promissory note. It establishes the rights and obligations of both parties involved - the company issuing the note and the purchaser/investor. Here's what you need to know:

• The Company: The agreement will identify the company issuing the convertible promissory note. It will include details such as the company's legal name, address, and contact information.
• The Purchaser: The agreement will also detail the purchaser's information, including their legal name, address, and contact information.
• Terms of the Note: The document will outline the terms of the convertible promissory note, including the principal amount, interest rate, maturity date, and any other relevant terms specific to the investment.
• Purchase Price: The agreement will specify the purchase price or the conversion price of the note, depending on the terms agreed upon by both parties.
• Conversion Rights: The agreement will outline the conversion rights of the purchaser, including how and when the note can be converted into equity shares or other securities of the company.
• Warranties and Representations: The document will include warranties and representations made by both the company and the purchaser, ensuring that both parties are legally protected.
• Confidentiality and Non-Disclosure: To safeguard sensitive information, the agreement will include clauses related to confidentiality and non-disclosure, prohibiting the sharing of confidential information with third parties.
• Dispute Resolution: In the event of any disputes, the agreement will specify the preferred method of dispute resolution, such as arbitration or mediation.

Download the Convertible Promissory Note Purchase Agreement

Protect your company's interests and secure funds for your business with our professionally drafted Convertible Promissory Note Purchase Agreement. Download the template in DOCX format from BizzLibrary.com today and ensure a secure and legally binding investment agreement between your company and the purchaser.

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