For business owners and leadership teams
Convertible Note and SAFE Documentation
Raise now, price later — with conversion terms both sides understand before the money arrives.
- Advocates & Solicitors
- Offices in Kuala Lumpur & Johor Bahru
- Confidential, no obligation
Real lawyers, one team behind every matter
Who this is for
Sound familiar?
Startups raising a bridge or pre-seed round
Investors funding ahead of a priced round
Companies with multiple convertible instruments outstanding
Founders assessing a convertible offer
What's at stake
What is really at stake
- 01Convertible instruments are used to raise quickly without agreeing a valuation.That simplicity is the appeal and also the risk.
- 02The conversion discount, the valuation cap, what triggers conversion, what happens if no round follows, and how multiple notes interact are all terms that decide real ownership. Founders often discover the effect only at conversion.
In plain words
Convertible Note and SAFE Documentation
Documentation for convertible notes and SAFE-style instruments — the investment amount, discount and valuation cap, conversion triggers and mechanics, maturity or long-stop treatment, and the interaction with existing and future instruments.
What good looks like
Imagine a bridge round documented so everyone knows exactly what happens at conversion, at maturity, and if the next round never comes.
What you get
What we deliver
Scope and fee are agreed in writing before any work starts, so you know exactly what you are getting.
- 01
Advice on convertible versus priced round
- 02
Drafted or reviewed instrument
- 03
Discount, valuation cap and conversion triggers
- 04
Dilution modelling including stacked instruments
- 05
Maturity and no-round treatment
How we work
Clear from the first conversation
- 1
Send a short request
Tell us what the matter is about. It takes under a minute and stays confidential.
- 2
Akmal sets a time with you
We reply within 30 minutes in office hours to arrange your consultation, online or at our KL or JB office.
- 3
Advice, then a written proposal
You get a clear view of the issues and options, then a written scope and fee proposal.
- 4
Work begins on the agreed scope
Akmal leads the matter with a team of our lawyers, working to the scope you approved. You get regular updates at every key step.
Who leads your matter
Led by Akmal Saufi, supported by our team
Akmal leads your matter as Partner. Depending on the work, other lawyers in our team handle parts of it day to day, with Akmal overseeing the matter.
Akmal Saufi
Partner, Messrs Akmal Saufi & Co
- Advocate & Solicitor, Malaysia
- Over 13 years in transactional work: M&A, joint ventures, land and infrastructure
- LLB (Hons), International Islamic University Malaysia
The team behind your matter
Meet the team →Who we have acted for
Organisations we have acted for
Federal government agencies & statutory bodies
Johor state bodies & local authorities
Government-linked companies
Private sector & NGOs
Shown with permission. Government agencies, statutory bodies and government-linked companies are identified as such. Their inclusion does not imply endorsement by any government, ministry or agency.
Next step
Request a consultation with Akmal
- 1Send a short request. It takes under a minute.
- 2Akmal reviews it and arranges a time with you.
- 3You get clear advice, then a written scope and fee proposal.
We reply within 30 minutes · Mon–Fri, 8:30am–5:30pm
Your details stay confidential. Sending a request does not mean you have appointed us.
- Licensed advocates & solicitors
- Professional indemnity insured
- Offices in KL & JB
Questions
Frequently asked questions
Still unsure? Send a short request and Akmal will tell you plainly whether and how we can help.
What is a valuation cap?
What if we never raise a priced round?
Are SAFEs used in Malaysia?
What is Legal That Works?
What if I’m not sure what legal service I need?
Who will be helping me?
Before you sign
The cost of waiting
Convertible terms are set when the company needs money most. They convert when the company is worth most, and the gap between the two is where founders lose ownership.
We reply within 30 minutes · Mon–Fri, 8:30am–5:30pm
