美国优先股法律模板之Series A Preferred Stock Purchase Agreement clean.docx

美国优先股法律模板之Series A Preferred Stock Purchase Agreement clean.docx

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美国优先股法律模板之SeriesAPreferredStockPurchaseAgreementclean

SERIESAPREFERREDSTOCKPURCHASEAGREEMENT

PreliminaryNote

TheStockPurchaseAgreementsetsforththebasictermsofthepurchaseandsaleofthepreferredstocktotheinvestors（suchasthepurchaseprice,closingdate,conditionstoclosing）andidentifiestheotherfinancingdocuments.Generallythisagreementdoesnotsetfortheither

（1）thecharacteristicsofthestockbeingsold（whicharedefinedintheCertificateofIncorporation）or

（2）therelationshipamongthepartiesaftertheclosing,suchasregistrationrights,rightsoffirstrefusalandco-sale,votingarrangements（thesemattersoftenimplicateotherpersonsthanjusttheCompanyandtheinvestorsinthisroundoffinancing,andareusuallyembodiedinseparateagreementstowhichthoseotherspersonsareparties,orinsomecasesbytheCertificateofIncorporation）.ThemainitemsofnegotiationintheStockPurchaseAgreementarethereforethepriceandnumberofsharesbeingsold,andtherepresentationsandwarrantiesthattheCompany,andsometimestheFoundersaswell,mustmaketotheinvestors.

TABLEOFCONTENTS

NotetoDrafter:

SectionheadingshavebeenformattedtoautomaticallypopulatetheTableofContents. However,wheneditingthisdocumentforyourownuse,thepagenumbersmaychange. InordertoreflectthecorrectpagenumbersintheTableofContents,youmust“updatepagenumbers”totheTableofContentsby

（1）right-clickinganywhereintheTableofContents,and

（2）choose“updatefield,”then“updatepagenumbersonly.” Ifyouaddordeletesectionheadings,followstep

（1）and

（2）aboveandchoose“updateentiretable.”

Page

ExhibitA-SCHEDULEOFPURCHASERS

ExhibitB-FORMOFAMENDEDANDRESTATED

CERTIFICATEOFINCORPORATION

ExhibitC-DISCLOSURESCHEDULE

ExhibitD-FORMOFINDEMNIFICATIONAGREEMENT

ExhibitE-FORMOFINVESTORS’RIGHTSAGREEMENT

ExhibitF-FORMOFMANAGEMENTRIGHTSLETTER

ExhibitG-FormofRightofFirstRefusalandCo-SaleAgreement

ExhibitH-FORMOFVOTINGAGREEMENT

ExhibitI-FORMOFLEGALOPINIONOF[COMPANYCOUNSEL]

[ExhibitJ-MILESTONEEVENTS]

ADDENDUMTOSTOCKPURCHASEAGREEMENT:

SAMPLEFOUNDERREPRESENTATIONSANDWARRANTIES

SERIESAPREFERREDSTOCKPURCHASEAGREEMENT

THISSERIES APREFERREDSTOCKPURCHASEAGREEMENT（this“Agreement”）,ismadeasofthe[__]dayof[________,20_]byandamong[____________],aDelawarecorporation（the“Company”）,theinvestorslistedonExhibitAattachedtothisAgreement（eacha“Purchaser”andtogetherthe“Purchasers”）[andthepersonslistedas“Founders”onthesignaturepagestothisAgreement（eacha“Founder”andtogetherthe“Founders”）].

Thepartiesherebyagreeasfollows:

1.PurchaseandSaleofPreferredStock

.

1.1SaleandIssuanceofSeries APreferredStock

.

（a）TheCompanyshalladoptandfilewiththeSecretaryofStateoftheStateofDelawareonorbeforetheInitialClosing（asdefinedbelow）theAmendedandRestatedCertificateofIncorporationintheformofExhibitBattachedtothisAgreement（the“RestatedCertificate”）.

（b）SubjecttothetermsandconditionsofthisAgreement,eachPurchaseragreestopurchaseattheClosingandtheCompanyagreestosellandissuetoeachPurchaserattheClosingthatnumberofsharesofSeries APreferredStock,$[__]parvaluepershare（the“SeriesAPreferredStock”）,setforthoppositeeachPurchaser’snameonExhibitA,atapurchasepriceof$[__]pershare.ThesharesofSeries APreferredStockissuedtothePurchaserspursuanttothisAgreement（includinganysharesissuedattheInitialClosingandany[MilestoneSharesor]AdditionalShares,asdefinedbelow）shallbereferredtointhisAgreementasthe“Shares.”

1.2Closing;Delivery

.

（a）TheinitialpurchaseandsaleoftheSharesshalltakeplaceremotelyviatheexchangeofdocumentsandsignatures,at[____][_].m.,on[__________,20_],oratsuchothertimeandplaceastheCompanyandthePurchasersmutuallyagreeupon,orallyorinwriting（whichtimeandplacearedesignatedasthe“InitialClosing”）.Intheeventthereismorethanoneclosing,theterm“Closing”shallapplytoeachsuchclosingunlessotherwisespecified.

（b）AteachClosing,theCompanyshalldelivertoeachPurchaseracertificaterepresentingtheSharesbeingpurchasedbysuchPurchaseratsuchClosingagainstpaymentofthepurchasepricethereforbycheckpayabletotheCompany,bywiretransfertoabankaccountdesignatedbytheCompany,bycancellationorconversionofindebtednessoftheCompanytoPurchaser[,includinginterest],orbyanycombinationofsuchmethods.

1.3SaleofAdditionalSharesofPreferredStock

.

（a）AftertheInitialClosing,theCompanymaysell,onthesametermsandconditionsasthosecontainedinthisAgreement,upto[_________]additionalshares（subjecttoappropriateadjustmentintheeventofanystockdividend,stocksplit,combinationorsimilarrecapitalizationaffectingsuchshares）ofSeriesAPreferredStock（the“AdditionalShares”）,tooneormorepurchasers（the“AdditionalPurchasers”）[reasonablyacceptabletoPurchasersholdinga[specifypercentage]ofthethenoutstandingShares],providedthat（i）suchsubsequentsaleisconsummatedpriorto[90]daysaftertheInitialClosing（ii）eachAdditionalPurchasershallbecomeapartytotheTransactionAgreements（asdefinedbelow）（otherthantheManagementRightsLetter）,byexecutinganddeliveringacounterpartsignaturepagetoeachoftheTransactionAgreements[;and（iii）[_________],counselfortheCompany,providesanopiniondatedasofthedateofsuchClosingthattheoffer,issuance,saleanddeliveryoftheAdditionalSharestotheAdditionalPurchasersdonotrequireregistrationundertheSecuritiesActof1933,asamended,orapplicablestatesecuritieslaws].ExhibitAtothisAgreementshallbeupdatedtoreflectthenumberofAdditionalSharespurchasedateachsuchClosingandthepartiespurchasingsuchAdditionalShares.

（b）[AftertheInitialClosing,theCompanyshallsell,andthePurchasersshallpurchase,onthesametermsandconditionsasthosecontainedinthisAgreement,upto[_____________]additionalsharesofSeriesAPreferredStock（the“MilestoneShares”）,proratainaccordancewiththenumberofSharesbeingpurchasedbyeachsuchPurchaseratallpriorClosings,onthecertificationbythe[Board][Purchasers]thattheeventsspecifiedinExhibitJattachedtothisAgreementhaveoccurred（the“MilestoneEvents”）.ThedateofthepurchaseandsaleoftheMilestoneSharesarereferredtointhisAgreementasthe“MilestoneClosing.”]

1.4[UseofProceeds

.InaccordancewiththedirectionsoftheCompany’sBoardofDirectors,asitshallbeconstitutedinaccordancewiththeVotingAgreement,theCompanywillusetheproceedsfromthesaleoftheSharesforproductdevelopmentandothergeneralcorporatepurposes.]

1.5DefinedTermsUsedinthisAgreement

.Inadditiontothetermsdefinedabove,thefollowingtermsusedinthisAgreementshallbeconstruedtohavethemeaningssetforthorreferencedbelow.

（a）“Affiliate”means,withrespecttoanyspecifiedPerson,anyotherPersonwho,directlyorindirectly,controls,iscontrolledby,orisundercommoncontrolwithsuchPerson,including,withoutlimitation,anygeneralpartner,managingmember,officerordirectorofsuchPersonoranyventurecapitalfundnoworhereafterexistingthatiscontrolledbyoneormoregeneralpartnersormanagingmembersof,orsharesthesamemanagementcompanywith,suchPerson.

（b）“Code”meanstheInternalRevenueCodeof1986,asamended.

（c）“CompanyIntellectualProperty”meansallpatents,patentapplications,trademarks,trademarkapplications,servicemarks,servicemarkapplications,tradenames,copyrights,tradesecrets,domainnames,maskworks,informationandproprietaryrightsandprocesses,similarorotherintellectualpropertyrights,subjectmatterofanyoftheforegoing,tangibleembodimentsofanyoftheforegoing,licensesin,toandunderanyoftheforegoing,andanyandallsuchcases[thatareownedorusedby][asarenecessaryto]theCompanyintheconductoftheCompany’sbusinessasnowconductedandaspresentlyproposedtobeconducted.

（d）“IndemnificationAgreement”meanstheagreementbetweentheCompanyandthedirector[andPurchaserAffiliates]designatedbyanyPurchaserentitledtodesignateamemberoftheBoardofDirectorspursuanttotheVotingAgreement,datedasofthedateoftheInitialClosing,intheformofExhibitDattachedtothisAgreement.

（e）“Investors’RightsAgreement”meanstheagreementamongtheCompanyandthePurchasers[andcertainotherstockholdersoftheCompany]datedasofthedateoftheInitialClosing,intheformofExhibitEattachedtothisAgreement.

（f）“KeyEmployee”meansanyexecutive-levelemployee（includingdivisiondirectorandvicepresident-levelpositions）aswellasanyemployeeorconsultantwhoeitheraloneorinconcertwithothersdevelops,invents,programsordesignsanyCompanyIntellectualProperty.

（g）“Knowledge”includingthephrase“totheCompany’sknowledge”shallmeantheactualknowledge[afterreasonableinvestigation]ofthefollowingofficers:

[specifynames].

（h）“ManagementRightsLetter”meanstheagreementbetweentheCompanyand[Purchaser],datedasofthedateoftheInitialClosing,intheformofExhibitFattachedtothisAgreement.

（i）“MaterialAdverseEffect”meansamaterialadverseeffectonthebusiness,assets（includingintangibleassets）,liabilities,financialcondition,property,prospectsorresultsofoperationsoftheCompany.

（j）“Person”meansanyindividual,corporation,partnership,trust,limitedliabilitycompany,associationorotherentity.

（k）“Purchas