InvestorsRightsAgreement投资者权利协议doc.docx

InvestorsRightsAgreement投资者权利协议doc.docx

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InvestorsRightsAgreement投资者权利协议doc

Investors’’RightsAgreement（投资者权利协议）-

A.TheCompanyproposestosellandissueupto_________sharesofitsSeriesAConvertiblePreferredStock,parvalue$_________pershare（thePREFERREDSTOCK）,pursuanttothatcertainSeriesAConvertiblePreferredStockPurchaseAgreementdatedofevendateherewith（theSERIESAAGREEMENT

B.TheexecutionofthisAgreementisaconditiontotheclosingofthetransactionscontemplatedbytheSeriesAAgreement.

C.TheCompanydesirestoenterintothisAgreementandgranttotheinvestorstherightscontainedhereininordertofulfillsuchcondition.

NOW,THEREFORE,inconsiderationofthemutualpromisesandcovenantscontainedherein,thepartiesherebyagreeasfollows:

1.DEFINITIONS

1.1ThetermHOLDERmeansanyinvestorowningofrecordRegistrableSecuritiesthathavenotbeensoldtothepublicoranyassigneeofrecordofsuchRegistrableSecuritiesinaccordancewithSection2.9hereof.

1.2ThetermsREGISTER,REGISTERED,andREGISTRATIONrefertoaregistrationeffectedbypreparingandfilingaregistrationstatementincompliancewiththeSecuritiesAct,andthedeclarationororderingofeffectivenessofsuchregistrationstatement.

1.3ThetermREGISTRABLESECURITIESmeans（a）sharesofcommonstock,parvalue$0.01pershare（theCOMMONSTOCK）,oftheCompanyissuedorissuableuponconversionofthePreferredStock,（b）sharesofCommonStockpurchasedbytheHolderorissuedorissuabletotheHolderuponconversionofothersecuritiespurchasedbytheHolderpursuanttoitsrightoffirstrefusalinSection4ofthisAgreement,and（c）anyCommonStockoftheCompanyissuedas（orissuableupontheconversionorexerciseofanywarrant,rightorothersecuritywhichisissuedas）adividendorotherdistributionwithrespectto,orinexchangefororinreplacementof,suchabove-describedsecurities.Notwithstandingtheforegoing,RegistrableSecuritiesshallnotincludeanysecuritiessoldbyapersontothepubliceitherpursuanttoaregistrationstatement,Section4

（1）oftheSecuritiesActorRule144undertheSecuritiesAct（RULE144）orsoldinaprivatetransactioninwhichthetransferor’srightsunderSection2ofthisAgreementwithrespecttosuchregistrationrightsarenotassigned.

1.4SECURITIESACTshallmeantheSecuritiesActof1933,asamended,oranysimilarUnitedStatesfederalstatuteandtherulesandregulationsoftheCommissionthereunder,allasthesameshallbeineffectatthetime.

1.5ThetermFORMS-3meanssuchformundertheSecuritiesActasineffectonthedatehereoforanysuccessorregistrationformundertheSecuritiesActsubsequentlyadoptedbytheSECwhichpermitsinclusionorincorporationofsubstantialinformationbyreferencetootherdocumentsfiledbytheCompanywiththeSEC.

1.6ThetermSECorCOMMISSIONmeanstheUnitedStatesSecuritiesandExchangeCommission.

2.REGISTRATIONRIGHTS.

2.1DEMANDREGISTRATION.

（A）SubjecttotheconditionsofthisSection2.1,iftheCompanyshallreceiveatanytimeaftertheearlierof（i）onehundredandeighty（180）daysaftertheeffectivedateoftheCompany’sfirstregisteredpublicofferingofitscapitalstock,or（ii）_________,_________,_________（M/D/Y）,awrittenrequestfromtheHoldersofnotlessthanthirtypercent（30%）oftheRegistrableSecurities（theINITIATINGHOLDERS）thattheCompanyfilearegistrationstatementundertheSecuritiesActcoveringtheregistrationofatleastsuchRegistrableSecuritiesthatwillhaveanaggregatesalespricetothepublicinexcessof_________Dollars（$_________）,thentheCompanyshall,withinthirty（30）daysofthereceiptthereof,givewrittennoticeofsuchrequesttoallHolders,and,subjecttothelimitationsofSection2.1（b）,effect,assoonaspracticable,theregistrationundertheSecuritiesActofallRegistrableSecuritiesthattheHoldersrequesttoberegistered.

（B）IntheeventthataregistrationpursuanttoSection2.1isforaregisteredpublicofferinginvolvinganunderwriting,theInitiatingHolderswillsoadvisetheCompanyaspartofthewrittenrequestgivenbysuchInitiatingHoldersandtheCompanyshallinturnsoadvisetheHolders.TherightofanyHoldertoincludeitsRegistrableSecuritiesinsuchregistrationshallbeconditioneduponsuchHolder’sparticipationinsuchunderwritingandtheinclusionofsuchHolder’sRegistrableSecuritiesintheunderwritingtotheextentprovidedherein.AllHoldersproposingtodistributetheirsecuritiesthroughsuchunderwritingshallenterintoanunderwritingagreementincustomaryformwiththeunderwriterorunderwriters.NotwithstandinganyotherprovisionofthisSection2.1,iftheunderwriteradvisestheCompanyinwritingthatmarketingfactorsrequirealimitationofthenumberofsecuritiestobeunderwritten（includingRegistrableSecurities）thentheCompanyshallsoadviseallHoldersofRegistrableSecuritieswhichwouldotherwisebeunderwrittenpursuanthereto,andthenumberofsharesthatmaybeincludedintheunderwritingshallbeallocated,first,totheHoldersofRegistrableSecuritiesonaproratabasisbasedonthenumberofRegistrableSecuritiesheldbyallsuchHolders（includingtheInitiatingHolders）;second,tosharestoberegisteredandsoldfortheCompany’sownaccount;andthird,tothestockholders（otherthantheHolders）invokingcontractualrightstohavetheirsecuritiesregistered,ifany,onaproratabasis.

（C）TheCompanyisobligatedtoeffectonlytwo

（2）suchregistrationspursuanttothisSection2.1.AregistrationpursuanttothisSection2.1maybethefirstpublicofferingoftheCompany’sSecurities（theINITIALOFFERING）.

（D）TheCompanyshallnotberequiredtoeffectaregistrationpursuanttothisSection2.1duringtheperiodstartingwiththedateoffilingof,andendingonthedatewhichisonehundredandeighty（180）daysfollowingtheeffectivedateoftheregistrationstatementpertainingtotheInitialOffering,providedthattheCompanyismakingreasonableandgoodfaitheffortstocausesuchregistrationstatementtobecomeeffective.Inaddition,theCompanyshallnotberequiredtoeffectaregistrationpursuanttothisSection2.1ifwithinthirty（30）daysofreceiptofawrittenrequestfromtheInitiatingHolderspursuanttoSection2.1（a）,theCompanygivesnoticetotheHoldersoftheCompany’sintentiontomakeitsInitialOfferingandfilestheregistrationstatementwithrespecttheretowithinsixty（60）daysofsuchnotice;PROVIDED,HOWEVER,thattheCompanymaynotexerciseitsrightsunderthissentencemorethantwiceandthattheCompanyisactivelyemployingingoodfaithallreasonableeffortstocausesuchregistrationstatementtobecomeeffective.

（E）TheCompanyshallbeentitledtopostponethefilingofanyregistrationstatementotherwiserequiredtobepreparedandfiledbytheCompanypursuanttothisSection2.1orSection2.3hereof,orsuspendtheuseofanyeffectiveregistrationstatementunderthisSection2.1orSection2.3hereof,forareasonableperiodoftimewhichshallbeasshortaspracticable,butinanyeventnotinexcessofonehundredandtwenty（120）days（aDELAYPERIOD）,iftheCompany（i）determinesingoodfaiththattheregistrationanddistributionoftheRegistrableSecuritiescoveredortobecoveredbysuchregistrationstatement,orthedisclosurerequiredbysuchregistrationstatement,wouldmateriallyinterferewithanypendingmaterialfinancing,acquisitionorcorporatereorganization,orothermaterialcorporatedevelopmentinvolvingtheCompanyoritssubsidiaries,orwouldrequireprematuredisclosurethereof,and（ii）promptlygivestheHolderswrittennoticeofsuchdeterminationthatcontainsastatementofthereasonsforsuchpostponementandanapproximationoftheperiodoftheanticipateddelay;providedthattheCompanyshallnotbeentitledtoexercisethisrightmorethanonceinanytwelve（12）monthperiod.IftheCompanyshallsopostponethefilingofaregistrationstatement,theHoldersshallhavetherighttowithdrawtherequestforregistrationbygivingwrittennoticefromtheholdersofamajorityoftheRegistrableSecuritiesthatweretoberegisteredtotheCompanywithin60daysafterreceiptofthenoticeofpostponementor,ifearlier,theterminationofsuchDelayPeriod.

（F）AllexpensesincurredinconnectionwitheachregistrationbytheHolderspursuanttothisSection2.1（excludingunderwriters’discountsandcommissionsandbroker’sfeesandanytransfertaxesrelatingtothedispositionoftheRegistrableSecurities,whichshallbepaidbythesellingHoldersprorata）,includingwithoutlimitationallregistration,filing,qualification,printers’andaccountingfees,feesanddisbursementsofcounselfortheCompany,andthereasonablefeesanddisbursementsofasinglecounselforthesellingHoldershallbebornebytheCompany;PROVIDED,HOWEVER,thattheCompanyshallnotberequiredtopayforanyexpensesofanyregistrationproceedingbegunpursuanttoSection2.1iftheregistrationrequestissubsequentlywithdrawnbytheInitiatingHolder,unlessthewithdrawaloftheregistrationrequestresultsfromeither（i）intentionalactionsbytheCompanyoutsidethenormalcourseofbusiness,or（ii）thediscoveryofinformationabouttheCompany,thatisnotknownatthetimeoftheInitiatingHolders’requestmadepursuanttoSection2.1（a）,thatmateriallyreducesthefeasibilityoftheregistrationproceeding.

（G）ForpurposesofanyregistrationpursuanttothisSection2.1,Messrs.DaneJ.NellerandLeslieG.RuddandtheSamanthaLaurenRuddGiftTrustshallbedeemedtobeHoldersandanySharesissuedorissuab