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
Advanced Subscription Agreement
"I need an Advanced Subscription Agreement under New Zealand law for a single angel investor investing NZD 500,000 with a 20% discount rate on conversion and a longstop date of March 1, 2025."
1. Parties: Identification of the company, the investor(s), and any guarantors or other relevant parties
2. Background: Context of the agreement, including the company's business and the purpose of the advanced subscription
3. Definitions and Interpretation: Detailed definitions of key terms and interpretation rules
4. Subscription Amount and Process: Details of the investment amount and the process for paying the subscription funds
5. Conversion Mechanics: Terms governing when and how the investment converts into shares, including conversion price calculations and triggers
6. Qualifying Financing Round: Definition and conditions of what constitutes a qualifying financing round that triggers conversion
7. Longstop Date and Alternative Conversion: Provisions for what happens if no qualifying round occurs by the specified deadline
8. Company Warranties and Undertakings: Standard warranties about the company's status and operations, and ongoing commitments
9. Investor Warranties: Warranties from the investor regarding their status and investment capacity
10. Information Rights: Investor's rights to receive company information and updates
11. Confidentiality: Provisions regarding the confidentiality of company information and the agreement terms
12. General Provisions: Standard boilerplate clauses including notices, amendments, and governing law
1. Most Favored Nation Clause: Optional provision ensuring the investor receives the benefit of any better terms offered to subsequent ASA investors
2. Pre-emption Rights: Rights of first refusal on future funding rounds, used when offering enhanced investor protection
3. Board Observer Rights: Rights to attend board meetings as an observer, typically for larger investments
4. Discount Rate Provisions: Special terms for conversion discount rates based on timing or other factors
5. Valuation Cap: Maximum valuation at which the investment can convert, used to protect investor upside
6. Multiple Closing Provisions: Used when the ASA is part of a larger round with multiple closings
7. Tag-Along Rights: Rights to participate in future share sales, typically for strategic investors
8. Change of Control Provisions: Special conversion rights in case of an exit event before a qualifying round
1. Schedule 1: Subscription Details: Detailed terms of the subscription including amount, minimum investment, and key dates
2. Schedule 2: Conversion Terms: Detailed mechanics and formulae for conversion calculations
3. Schedule 3: Company Details: Key information about the company including capital structure and existing securities
4. Schedule 4: Warranties: Comprehensive list of company warranties
5. Schedule 5: Deed of Adherence: Form of deed for additional investors to join the agreement
6. Appendix A: Capitalization Table: Current and projected cap table showing impact of conversion
7. Appendix B: Investment Certificate Form: Template for confirming receipt of investment funds
8. Appendix C: Conversion Notice Form: Template for implementing conversion when triggered
Authors
Technology
Software
Biotechnology
Fintech
Clean Technology
Healthcare
E-commerce
Digital Media
Agricultural Technology
Manufacturing
Consumer Products
Professional Services
Education Technology
Renewable Energy
Legal
Finance
Corporate Development
Executive Leadership
Investment
Compliance
Company Secretariat
Business Development
Strategic Planning
Chief Executive Officer
Chief Financial Officer
Company Director
Investment Manager
Venture Capital Partner
Angel Investor
Corporate Lawyer
Investment Lawyer
Company Secretary
Financial Controller
Business Development Manager
Startup Founder
Investment Analyst
Legal Counsel
Compliance Officer
Find the exact document you need
Bond Subscription Agreement
A New Zealand-governed agreement setting out terms and conditions for the issuance and subscription of bonds, compliant with local securities laws.
Fund Subscription Agreement
A New Zealand-governed agreement setting out terms for investing in a fund, including regulatory compliance, subscription process, and investor requirements.
Advanced Subscription Agreement
A New Zealand-compliant agreement for early-stage investment that converts to equity upon future qualifying events, structured under NZ securities laws.
Note Subscription Agreement
A New Zealand-governed agreement setting out terms for investors to subscribe to debt securities (notes) issued by a company, compliant with NZ financial markets legislation.
Subscription Service Agreement
A New Zealand law-governed agreement establishing terms for subscription-based services, including service delivery, payment terms, and compliance with NZ consumer and privacy laws.
Shareholder Subscription Agreement
A New Zealand law-governed agreement detailing the terms and conditions for subscribing to new shares in a company, including price, share details, and mutual obligations.
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.