Convertible Note Template

Closing a convertible note from scratch is slow and expensive. This long-form note covers conversion mechanics, change of control, defaults, and investor protections aligned with Fenwick & West and 2026 market standards. ‍

What you get:

• Complete executable note with automatic conversion on Qualified Financings and optional conversion on change of control

• Event of default provisions, subordination language, and amendment mechanics so all notes track together

• Built-in Most Favored Nation protection for note holders

• Ready-to-customize valuation cap, discount rate, and Qualified Financing threshold