Documents • Board Resolution – Convertible

Create your Board Resolution – Convertible

Sets out the details of the founders’ commitments to your startup, and any vesting arrangements.

What is a Board Resolution – Convertible?

A resolution passed by the board of directors of your company (typically your startup’s holding company) which approves the entry into of a convertible instrument (e.g. a SAFE, KISS or Convertible Loan Note).

Why generate this document?

Satisfies the requirement of your investor (or accelerator programme) in showing appropriate authority to sign the convertible. Authorises one or more company signatory to sign the convertible instrument on behalf of the holding company as well as approving any actions such signatories may have already taken (this is called “ratification”). Passes the required authority to allow your holding company to enter into a convertible instrument and to ensure it is properly bound by its terms.

How to generate your Board Resolution – Convertible

01

Login

Login into your account (or sign-up, if you don’t have one).

02

Generate Board Resolution – Convertible

Go to the Generate Documents tab, choose International from the dropdown and select Board Resolution – Convertible.

03

Complete the form

Complete each field in the form and select your various options.

04

Sign with DocuSign

Once you generate the document, you can save it in draft, edit it, and when final, send it for signature through our built-in DocuSign integration.

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