The Unsecured Convertible Promissory Note is a crucial financing instrument in the Malaysian business landscape, particularly for startups and growing companies seeking bridge financing or early-stage investment. This document is typically used when a company needs to raise capital quickly without immediately diluting equity, while giving investors the option to convert their investment into shares at a later date. The note complies with Malaysian legal requirements, including the Companies Act 2016 and relevant securities regulations. It contains essential provisions regarding the principal amount, interest rate, maturity date, conversion mechanisms, events of default, and investor rights. Being unsecured, it doesn't require collateral, making it more accessible for early-stage companies while still providing investors with the potential upside of equity participation.

1. Parties: Identification of the Issuer (borrower) and the Noteholder (lender)

2. Background: Context of the loan arrangement and purpose of the note

3. Definitions: Key terms used throughout the document including 'Conversion Price', 'Maturity Date', 'Qualified Financing', etc.

4. Principal Amount and Interest: Specification of the loan amount, interest rate, and interest calculation method

5. Maturity and Repayment: Terms regarding repayment date and payment mechanics

6. Conversion Rights: Conditions and mechanics for converting the note into equity

7. Conversion Price: Formula or fixed price for conversion and any adjustment mechanisms

8. Events of Default: Circumstances constituting default and consequences

9. Representations and Warranties: Standard declarations by the Issuer regarding authority, compliance, and business condition

10. Assignment: Terms governing transferability of the note

11. Notices: Communication requirements and contact details

12. Governing Law and Jurisdiction: Specification of Malaysian law and jurisdiction