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Click here to use the Convertible Promissory Note and Note Financing Term Sheet (Singapore) Generator
Convertible promissory notes are often used to fund early stage startups or to provide a “bridge” to a larger financing round or a sale of the company. As a resource to the community, we at Cooley GO have prepared a form of convertible promissory note and a form term sheet for a convertible promissory note financing for use by Singapore companies. We hope that these resources will be useful options for entrepreneurs and investors in the region that are seeking an efficient method to finance emerging companies.
Learn more about convertible debt in our Primer on Convertible Debt and The (Troublesome) Convertible Note Cap.
Visit our 4, Raise Funds guidance section for more articles on fundraising strategies.
Our form of convertible promissory note is based on our Series Seed Convertible Promissory Note with modifications to comply with Singapore law, and is intended only for Singapore companies. To generate convertible note financing documents for US companies, please check out our Cooley GO (US) Series Seed Convertible Note Financing Package.
See here for more information on the Series Seed Project and our contributions.
Cooley LLP, each entity affiliated with Cooley LLP including Cooley (UK) LLP and Cooley SG LLP* and the respective partners, employees and agents of the foregoing (collectively, “Cooley”) do not endorse or recommend the use of any default values or any document on CooleyGO.com, nor is Cooley expressing any opinion or recommendation of what is, or what should be, a “market” standard document. Deal terms should be negotiated based on your specific circumstances and the relevant documents should be tailored to meet the specific legal and commercial requirements of the contemplated transaction. Additional documents may be required for the contemplated transaction. Cooley assumes no responsibility for the contents of the documents provided on CooleyGO.com or any consequence of your use of any such documents. You are responsible for ensuring that all necessary securities filings and/or other legally required filings, if any, are prepared and filed. You should consult with an attorney licensed to practice in your jurisdiction as well as tax advisors before using or relying on any documents on CooleyGO.com, especially if you don’t understand any of their terms. Review carefully and use at your own risk. No document or information provided on CooleyGO.com constitutes or should be relied upon as legal advice.
*Cooley SG LLP (UEN/Registration No. T19LL1477F) is a licensed foreign law practice registered in Singapore under the Limited Liability Partnerships Act (Chapter 163A) with limited liability.
