Convertible Loan

The standard contract for convertible loans consists of four parts:

• the introductory instructions for use, which should be read in advance in order to understand them,
• the shareholders’ resolution authorizing the taking out of convertible loans
• the actual convertible loan agreement, and
•  the conversion obligation.

The documents are supplemented by an Excel calculation tool for convertible loan agreements.

The standard documents convertible loan including the instructions for use and the calculation tool for convertible loan agreements do not claim to be complete and do not constitute legal or tax advice or can replace such advice.

Neither the German Standards Setting Institute nor its associates or the members of the preparatory working group or the law firms or companies to which the members of the working group belong or which they represent are liable for the accuracy and/or completeness of the documents provided.

Arbeitsgruppe

The standard contract for convertible loans was approved unanimously by a working group under the legal leadership of attorneys Nicolas Gabrysch and Till-Manuel Saur, Osborne Clarke after several meetings. Representatives of the associations were Dr. Ute Günther and Dr. Roland Kirchhof (BAND) and Sascha Schubert (BVDS).

The Excel calculation tool was provided by Nikolas Samios, Cooperativa Venture Services GmbH.

Members of the working group in alphabetical order:

Nicolas Gabrysch
Dr. Ute Günther
Matthias Hilpert
Florian Huber
Dr. Roland Kirchhof
Alexander Kölpin
Nikolas Samios
Till-Manuel Saur
Sascha Schubert
Christoph Stresing *from version 2.0