Secured Convertible Promissory Note

About this category:

A Secured Convertible Promissory Note (SCPN) is a loan agreement between a lender and a borrower, which can be converted into equity in the company if the borrower defaults.

Templates in this category:

Secured Convertible Promissory Note (Genie AI)

This legal template could be a document outlining the terms and conditions of a secured convertible promissory note specific to the operations and requirements of Genie AI, a company or entity. It would provide details on the loan amount, interest rate, conversion terms, collateral, repayment terms, and other relevant provisions regarding the loan agreement.

Contract template sketch
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