convertible_promissory_note_preamble.clause

name:  Convertible Promissory Note - Preamble

description: This is the preamble language for a convertible promissory .  It defines the company, holder, and the principle sum of the note.

category: Convertible Promissory Note, Preamble, Venture Capital, Seed Financing, Tech Stars

parameters:
   Company Name:
       type: Name
   
   Holder Name:
   		type: Name

   	Principle Sum:
   		type: Price in dollar

   	Effective Date Convertible Promissory Note Purchase Agreement:
   		type: Date

text:
  For value received [[Company Name]], a Delaware corporation (the “Company”), promises to pay to [[Holder Name]] or its assigns (“Holder”) the principal sum of $[[Principle Sum]] together with accrued and unpaid interest thereon, each due and payable on the date and in the manner set forth below. 

  This convertible promissory note (the “Note”) is issued as part of a series of similar convertible promissory notes (collectively, the “Notes”) pursuant to the terms of that certain Convertible Promissory Note Purchase Agreement (as amended, the “Agreement”) dated as of [[Effective Date Convertible Promissory Note Purchase Agreement]]  to the persons and entities listed on the Schedule of Purchasers attached to the Agreement (collectively, the “Holders”). Capitalized terms used herein without definition shall have the meanings given to such terms in the Agreement.