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Convertible Note Agreement - This is an agreement between a company and an investor that sets forth the repayment terms of a loan. This particular agreement is convertible in nature, which means that the debt can be converted into shares of a company either at a future date or upon the happening of an occurrence. The agreement contains both standard clauses and opportunities for the use of optional terms and conditions making it fully customizable to fit the needs of the contracting parties. This agreement should be used by small businesses that want to raise capital for their company by issuing a convertible promissory notes to investors.