/Docs/G/SeriesSeed-Cooley-CmA/notes/Convertible_Promissory_Note/0.md
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  • This note and the securities issuable upon the conversion hereof have not been registered under the Securities Act of 1933, as amended (the "{DefT.Act}"), or under the securities laws of any states in the United States. These securities are subject to restrictions on transferability and resale and may not be transferred or resold except as permitted under the Act and the applicable state securities laws, pursuant to registration or exemption therefrom. The issuer of these securities may require an opinion of counsel in form and substance satisfactory to the issuer to the effect that any proposed transfer or resale is in compliance with the Act and any applicable state securities laws.
  • CONVERTIBLE PROMISSORY NOTE

  • Note Series: {Note.Series.#}
  • Date of Note: {Note.Date.YMD}
  • Principal Amount of Note: {Note.Principal.Sum.#}


  • For value received {Company.Name.Full}, a Delaware corporation (the "{DefT.Company}"), promises to pay to the undersigned holder or such party's assigns (the "{DefT.Holder}") the principal amount set forth above with {Interest.cl}. Interest shall commence with the date hereof and shall continue on the outstanding principal amount until paid in full or converted. Interest shall be computed on the basis of a year of 365 days for the actual number of days elapsed. All unpaid interest and principal shall be due and payable upon request of the Majority Holders on or after {Note.MaturityDate.YMD} (the "{DefT.Maturity_Date}").