Create a bespoke document in minutes, Â or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Promissory Note Conversion Agreement
"I need a Promissory Note Conversion Agreement to convert a £500,000 promissory note issued to an angel investor into Series A preferred shares, with the conversion to take place on March 15, 2025, including standard anti-dilution protections."
1. Parties: Identifies and defines the parties to the agreement
2. Background: Details of the original promissory note and circumstances leading to conversion
3. Definitions: Key terms used throughout the agreement
4. Conversion Terms: Specific terms of converting the promissory note, including conversion price and timing
5. Conditions Precedent: Conditions that must be met before conversion can occur
6. Representations and Warranties: Statements of fact by both parties
7. Governing Law and Jurisdiction: Specifies applicable law and courts
1. Anti-dilution Provisions: Protection against share dilution, used when converting to equity
2. Tax Provisions: Handling of tax implications of conversion
3. Registration Rights: Rights regarding registration of converted securities
1. Original Promissory Note: Copy of the original promissory note being converted
2. Conversion Calculations: Detailed calculations showing conversion methodology
3. Form of Notice: Template for conversion notice
4. Corporate Authorizations: Copies of relevant board and shareholder resolutions
Authors
Find the exact document you need
Download our whitepaper on the future of AI in Legal
³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.