Legal Document Mapping

Legal Document to OCF Mapping

This page describes how to translate common corporate legal documents into OCF objects and transactions.

Incorporation Documents

Source: Articles of Incorporation, Certificate of Incorporation

Generate:

1. ISSUER object with legal_name, formation_date, country_of_formation, initial_shares_authorized
2. STOCK_CLASS object(s) for each authorized class (Common, Preferred)
3. TX_STOCK_ISSUANCE for founder shares

Extract: Company name, formation date/jurisdiction, authorized shares per class, par value, voting rights, liquidation preferences

Stock Purchase Agreement

Source: Stock Purchase Agreement, Preferred Stock Purchase Agreement

Generate:

1. STAKEHOLDER object(s) for each investor
2. STOCK_CLASS object if new series (Series A, B, C)
3. FINANCING object grouping the round
4. TX_STOCK_ISSUANCE for each investor allocation
5. VALUATION object if establishing new valuation

Extract: Investor names/types, share counts, price per share, liquidation preference multiples, participation caps, conversion rights, anti-dilution terms, board rights

Convertible Note

Source: Convertible Promissory Note Agreement

Generate:

1. STAKEHOLDER object for noteholder
2. TX_CONVERTIBLE_ISSUANCE with convertible_type: "NOTE"
3. Include conversion_triggers with maturity date, qualified financing thresholds

Key properties:

• investment_amount: Principal amount
• conversion_mechanism: NoteConversionMechanism with interest rates, discount, cap
• conversion_triggers: Array including maturity trigger, qualified financing trigger
• interest_rates: Array of interest rate terms with accrual periods

Extract: Principal, interest rate, maturity date, conversion discount percentage, valuation cap, qualified financing definition, interest accrual method

SAFE

Source: Simple Agreement for Future Equity

Generate:

1. STAKEHOLDER object for SAFE holder
2. TX_CONVERTIBLE_ISSUANCE with convertible_type: "SAFE"

Key properties:

• conversion_mechanism: SAFEConversionMechanism with conversion_discount, conversion_valuation_cap, conversion_mfn, conversion_timing (PRE_MONEY or POST_MONEY)
• conversion_triggers: Qualified financing trigger, liquidity event trigger

Extract: Investment amount, discount rate, valuation cap, MFN clause, pro-rata rights, post-money vs pre-money

Stock Option Grant

Source: Stock Option Agreement, Notice of Grant

Generate:

1. STOCK_PLAN object (if new plan)
2. VESTING_TERMS object (if new schedule)
3. STAKEHOLDER object for grantee (if new)
4. TX_EQUITY_COMPENSATION_ISSUANCE

Key properties:

• compensation_type: OPTION_ISO, OPTION_NSO, or OPTION
• exercise_price: Strike price
• quantity: Number of shares
• vesting_terms_id: Reference to VESTING_TERMS
• expiration_date: Option expiration
• early_exercisable: Boolean for early exercise
• termination_exercise_windows: Object with windows by departure type

Extract: Grantee name, shares granted, strike price, grant date, vesting schedule (cliff months, total months, frequency), expiration date, ISO vs NSO, early exercise rights, acceleration triggers, post-termination exercise windows

Warrant Agreement

Source: Warrant Agreement, Warrant Certificate

Generate:

1. STAKEHOLDER object for holder
2. TX_WARRANT_ISSUANCE

Key properties:

• quantity: Shares issuable
• exercise_price: Strike price
• purchase_price: Warrant purchase price
• warrant_expiration_date: Expiration
• exercise_triggers: Array of exercise conditions

Extract: Holder name, shares per warrant, exercise price, expiration, exercise triggers, cashless exercise terms, anti-dilution adjustments

Board Resolution

Source: Board Minutes, Board Resolutions

Generate based on resolution type:

• Share Authorization: TX_STOCK_CLASS_AUTHORIZED_SHARES_ADJUSTMENT with board_approval_date
• Plan Approval: STOCK_PLAN object with approval dates
• Pool Expansion: TX_STOCK_PLAN_POOL_ADJUSTMENT
• Grant Approval: TX_EQUITY_COMPENSATION_ISSUANCE with board_approval_date

Extract: Approval date, stockholder approval date (if required), authorized share changes, pool size changes, specific grants approved

Transaction Sequencing Patterns

Incorporation Sequence

1. Create ISSUER object
2. Create STOCK_CLASS object(s) for authorized classes
3. TX_STOCK_ISSUANCE for founder shares

Series A Financing Sequence

1. Create STOCK_CLASS for "Series A Preferred"
2. TX_STOCK_CLASS_AUTHORIZED_SHARES_ADJUSTMENT (if needed)
3. Create STAKEHOLDER objects for new investors
4. TX_CONVERTIBLE_CONVERSION (if SAFEs/notes convert)
5. TX_STOCK_ISSUANCE for each investor
6. Create FINANCING object grouping issuances
7. Create VALUATION object

Option Grant Sequence

1. Create STOCK_PLAN (if new)
2. Create VESTING_TERMS (if new schedule)
3. TX_STOCK_PLAN_POOL_ADJUSTMENT (if expanding pool)
4. TX_EQUITY_COMPENSATION_ISSUANCE
5. TX_VESTING_START (on employment start)

Option Exercise Sequence

1. TX_EQUITY_COMPENSATION_EXERCISE (references original grant)
2. TX_STOCK_ISSUANCE (resulting shares, linked via resulting_security_ids)

SAFE/Note Conversion Sequence

1. TX_CONVERTIBLE_CONVERSION (references original TX_CONVERTIBLE_ISSUANCE)
2. TX_STOCK_ISSUANCE (new preferred stock, linked via resulting_security_ids)

Stock Transfer Sequence

1. TX_STOCK_TRANSFER (partial or full transfer)
2. TX_STOCK_ACCEPTANCE (if acceptance required)