8A版PE投资协议条款样本NVCA中英文对照版.docx

1、8A版PE投资协议条款样本NVCA中英文对照版风险投资中的条款清单（样本）中文英文_公司A系优先股融资条款清单_，200_TERMSHEETFORSERIESAPREFERREDSTOCKFINANCINGOFInsertCompanyName,INC. _,200_本条款清单概括了_公司，一家特拉华公司（“公司”）A系优先股融资的主要条款。考虑到涉及此项投资的投资人已投入和将投入的时间和成本，无论此次融资是否完成，本条款清单之限制出售/保密条款、律师及费用条款对公司都具有强制约束力。未经各方一致签署并交付的最终协议，本条款清单之其他条款不具有强制约束力。本条款清单并非投资人进行投资的承诺，其

2、生效以完成令投资人满意的尽职调查、法律审查和文件签署为条件。本条款清单各方面受特拉华州法律管辖。ThisTermSheetsummarizestheprincipaltermsoftheSeriesAPreferredStockFinancingof_,Inc.,aDelawarecorporation(the“Company”).InconsiderationofthetimeandeGpensedevotedandtobedevotedbytheInvestorswithrespecttothisinvestment,theNoShop/ConfidentialityandCounsela

3、ndEGpensesprovisionsofthisTermSheetshallbebindingobligationsoftheCompanywhetherornotthefinancingisconsummated.NootherlegallybindingobligationswillbecreateduntildefinitiveagreementsareeGecutedanddeliveredbyallparties.ThisTermSheetisnotacommitmenttoinvest,andisconditionedonthecompletionofduediligence,

4、legalreviewanddocumentationthatissatisfactorytotheInvestors.ThisTermSheetshallbegovernedinallrespectsbythelawsoftheStateofDelaware.出资条款：Offering Terms交割日：当公司接受此条款清单且交割条件完备时即尽快交割（“交割”）。（若需要多次交割，请与此写明。）ClosingDate:AssoonaspracticablefollowingtheCompanysacceptanceofthisTermSheetandsatisfactionoftheCond

5、itionstoClosing(the“Closing”).provideformultipleclosingsifapplicable投资人：投资人1:股（%），$投资人2:股（%），$以及投资人和公司一致同意的其他投资人Investors:InvestorNo.1:_shares(_%),$_InvestorNo.2:_shares(_%),$_aswellotherinvestorsmutuallyagreeduponbyInvestorsandtheCompany融资金额：$，含由过渡贷款转换的本金及利息1AmountRaised:$_,including$_fromtheconver

6、sionofprincipalandinterestonbridgenotes.每股价格：$每股（以下文所列公司资本结构表为依据）(“原始购买价”）PricePerShare:$_pershare(basedonthecapitalizationoftheCompanysetforthbelow)(the“OriginalPurchasePrice”).融资前估价：原始购买价以充分稀释融资前估价$_和融资后估价$_为基础计算(含充分稀释的融资后资本中员工股预留)Pre-MoneyValuation:TheOriginalPurchasePriceisbaseduponafully-dilute

7、dpre-moneyvaluationof$_andafullydilutedpost-moneyvaluationof$_(includinganemployeepoolrepresenting_%ofthefullydilutedpost-moneycapitalization).资本结构表：交割前后公司资本结构表请见附件一。Capitalization:TheCompanyscapitalstructurebeforeandaftertheClosingissetforthasEGhibitA.公司章程2CHARTER股息分配：可选方案1:当普通股分配股息时，A系优先股按视为转换成普通股

8、参与分配可选方案2:经董事会宣布，A系优先股以每股分配非累积性股息可选方案3:A系优先股按年利率%分配累积性股息按年度计算复利，于公司清算或赎回股份时可分配。其他股息或分红，按视为转换成普通股参与普通股分配。3Dividends:Alternative1:DividendswillbepaidontheSeriesAPreferredonanasconvertedbasiswhen,as,andifpaidontheCommonStockAlternative2:Non-cumulativedividendswillbepaidontheSeriesAPreferredinanamounteq

9、ualto$_pershareofSeriesAPreferredwhenandifdeclaredbytheBoard.Alternative3:TheSeriesAPreferredwillcarryanannual_%cumulativedividendcompoundedannually,payableuponaliquidationorredemption.Foranyotherdividendsordistributions,participationwithCommonStockonanas-convertedbasis.清算优先受偿权：公司如因任何原因清算、解散或停业清理过程，

10、公司收益将作如下分配：可选方案1（优先股不参与分配）:首先,每股A系优先股按一倍原始购买价加累计股息加已宣布但未付股息分配。其余分配给普通股股东可选方案2（优先股充分参与分配）:首先，每股A系优先股按一倍原始购买价加累计股息加已宣布未付股息分配。然后优先股按视为转换成普通股参与普通股分配可选方案3（优先股限制参与分配）:首先，每股A系优先股按一倍原始购买价加累计股息加已宣布未付股息分配。然后优先股按视为转换成普通股参与普通股分配，直至A系优先股股东获得总计倍于原始购买价的分配公司的兼并或合并（公司原股东拥有存续公司或收购公司的发行在外股票过半数表决权的情形除外），以及公司出售、租赁、转让或以其

11、他方式处置公司全部或大部分资产的行为，应当视为公司清算事项(视为清算事项)，并导致上述清算优先权得以产生除非的A系优先股股东投票反对这种处理。LiquidationPreference:Intheeventofanyliquidation,dissolutionorwindingupoftheCompany,theproceedsshallbepaidasfollows:Alternative1(non-participatingPreferredStock):FirstpayonetimestheOriginalPurchasePriceplusaccrueddividendsplusdec

12、laredandunpaiddividendsoneachshareofSeriesAPreferred.ThebalanceofanyproceedsshallbedistributedtoholdersofCommonStock.Alternative2(fullparticipatingPreferredStock):FirstpayonetimestheOriginalPurchasePriceplusaccrueddividendsplusdeclaredandunpaiddividendsoneachshareofSeriesAPreferred.Thereafter,theSer

13、iesAPreferredparticipateswiththeCommonStockonanas-convertedbasis.Alternative3(caponPreferredStockparticipationrights):FirstpayonetimestheOriginalPurchasePriceplusaccrueddividendsplusdeclaredandunpaiddividendsoneachshareofSeriesAPreferred.Thereafter,SeriesAPreferredparticipateswithCommonStockonanas-c

14、onvertedbasisuntiltheholdersofSeriesAPreferredreceiveanaggregateof_timestheOriginalPurchasePrice.Amergerorconsolidation(otherthanoneinwhichstockholdersoftheCompanyownamajoritybyvotingpoweroftheoutstandingsharesofthesurvivingoracquiringcorporation)andasale,lease,transferorotherdispositionofallorsubst

15、antiallyalloftheassetsoftheCompanywillbetreatedasaliquidationevent(a“DeemedLiquidationEvent”),therebytriggeringpaymentoftheliquidationpreferencesdescribedaboveunlesstheholdersof_%oftheSeriesAPreferredelectotherwise.表决权：除下列情形外，A系优先股股东在视为转换成普通股的基础上与普通股股东一起表决，而不能作为独立表决团体：（i）A系优先股股东作为一个团体有权选举名董事会成员（A系董事

16、）;(ii)出现如下文所示“保护性条款”之情况;（iii）法律另有的其他规定。公司章程应当规定，经优先股和普通股股东多数同意，并作为一个表决团体集体表决（不经普通股股东单独表决），公司可以增加或减少授权发行的股票数量4。VotingRights:TheSeriesAPreferredStockshallvotetogetherwiththeCommonStockonanas-convertedbasis,andnotasaseparateclass,eGcept(i)theSeriesAPreferredasaclassshallbeentitledtoelect_(_)membersofth

17、eBoard(the“SeriesADirectors”),(ii)asprovidedunder“ProtectiveProvisions”belowor(iii)asrequiredbylaw.TheCompanysCertificateofIncorporationwillprovidethatthenumberofauthorizedsharesofCommonStockmaybeincreasedordecreasedwiththeapprovalofamajorityofthePreferredandCommonStock,votingtogetherasasingleclass,

18、andwithoutaseparateclassvotebytheCommonStock.保护性条款：只要有_写明固定数量、百分比或任何 A系优先股仍发行在外，未经至少A系优先股股东书面同意，公司不得直接或变相进行兼并、合并或下列其他业务：（i）清算、解散或停业清理，或进行任何视为清算事项;(ii)以不利于A系优先股股东的方式修改、变更或撤销公司章程或细则中的任何条款5（iii）创设、授权创设或发行可转换或可行使拥有优于或同等于A系优先股之权利、优待或特权的公司证券，或增加发行A系优先股授权数量；(iv)优于A系优先股，对任何股份予以收购、赎回或分配股息。由于前员工的雇佣（或顾问的服务）关系的

19、终止，以低于公平市场价回购其股份的除外由董事会（含位A系董事）同意的除外；(v)发行或授权发行任何公司债券若公司总计负债因此超过_设备租赁或银行信用额度除外无股权特征的负债除外此类债券获得董事会（含位A系董事）事先同意的除外；（vi）增加或减少董事会成员人数。ProtectiveProvisions:SolongasinsertfiGednumber,or%,or“any”sharesofSeriesAPreferredareoutstanding,theCompanywillnot,withoutthewrittenconsentoftheholdersofatleast_%oftheCom

20、panysSeriesAPreferred,eitherdirectlyorbyamendment,merger,consolidation,orotherwise:(i)liquidate,dissolveorwinduptheaffairsoftheCompany,oreffectanyDeemedLiquidationEvent;(ii)amend,alter,orrepealanyprovisionoftheCertificateofIncorporationorBylawsinamanneradversetotheSeriesAPreferred;(iii)createorautho

21、rizethecreationoforissueanyothersecurityconvertibleintooreGercisableforanyequitysecurity,havingrights,preferencesorprivilegesseniortooronparitywiththeSeriesAPreferred,orincreasetheauthorizednumberofsharesofSeriesAPreferred;(iv)purchaseorredeemorpayanydividendonanycapitalstockpriortotheSeriesAPreferr

22、ed,otherthanstockrepurchasedfromformeremployeesorconsultantsinconnectionwiththecessationoftheiremployment/services,attheloweroffairmarketvalueorcost;otherthanasapprovedbytheBoard,includingtheapprovalof_SeriesADirector(s);or(v)createorauthorizethecreationofanydebtsecurityiftheCompanysaggregateindebte

23、dnesswouldeGceed$_otherthanequipmentleasesorbanklinesofcreditotherthandebtwithnoequityfeatureunlesssuchdebtsecurityhasreceivedthepriorapprovaloftheBoardofDirectors,includingtheapprovalof_SeriesADirector(s);(vi)increaseordecreasethesizeoftheBoardofDirectors.可选择转换：A系优先股股东有权将其拥有每一A系优先股随时转换为普通股，每一A系优先股可

24、转换为普通股的数量为原始购买价除以转换时的A系优先股转换价（定义如下）。最初的A系优先股转换价应当原始购买价。A系优先股转换价应当根据普通股的配股、股票分割、股票合并等类似事项，以及如下“反稀释条款”所述内容进行调整。OptionalConversion:EachshareoftheSeriesAPreferredshallbeconvertible,attheoptionoftheholderthereof,atanytime,intosuchnumberofsharesofCommonStockasisdeterminedbydividingtheSeriesAOriginalPurcha

25、sePricebySeriesAPreferredConversionPrice(asdefinedbelow)ineffectatthetimeofconversion.The“SeriesAPreferredConversionPrice”shallinitiallybeequalto$_(theSeriesAOriginalPurchasePrice).SuchinitialSeriesAConversionpriceissubjecttoadjustmentsforstockdividends,splits,combinationsandsimilareventsandasdescri

26、bedbelowunder“Anti-dilutionProvisions.”反稀释条款：若公司以低于现行A系优先股转换价的价格发行新的股票，该转换价格应按下列公式调整：可选方案1“典型”加权平均数：CP2=CP1G(A+B)/(A+C)CP2=新A系优先股转换价CP1=新股发行前实际A系优先股转换价A=新股发行前视为已发行的普通股数量（含所有已发行的普通股，所有视为已转换的已发行优先股，以及所有已发行的可行使期权;不含转入此轮融资的任何可转换证券）B=公司此次发行预计融资总额除以CP1C=本次交易中股票发行数量Anti-dilutionProvisions:Intheeventthatthe

27、CompanyissuesadditionalsecuritiesatapurchasepricelessthanthecurrentSeriesAPreferredConversionPrice,suchconversionpriceshallbeadjustedinaccordancewiththefollowingformula:Alternative1:“Typical”weightedaverage:CP2=CP1G(A+B)/(A+C)CP2 = NewSeriesAConversionPriceCP1 = SeriesAConversionPriceineffectimmedia

28、telypriortonewissueA = NumberofsharesofCommonStockdeemedtobeoutstandingimmediatelypriortonewissue(includesallsharesofoutstandingcommonstock,allsharesofoutstandingpreferredstockonanas-convertedbasis,andalloutstandingoptionsonanas-eGercisedbasis;anddoesnotincludeanyconvertiblesecuritiesconvertingintot

29、hisroundoffinancing)B = AggregateconsiderationreceivedbytheCorporationwithrespecttothenewissuedividedbyCP1C = Numberofsharesofstockissuedinthesubjecttransaction可选方案2：完全棘轮方案转换价降到与新发行价一致Alternative2:Full-ratchettheSeriesAPreferredConversionPricewillbereducedtothepriceatwhichthenewsharesareissued.可选方案3

30、：无基于价格调整的反稀释措施Alternative3:Noprice-basedanti-dilutionprotection.下列发行不导致反稀释调整6：（i）可发行证券是基于任何A系优先股转换后产生，或作为A系优先股的股息或分红；（ii）可发行证券是基于任何信用债券，认股权证，期权或其它可转换证券转换后产生；（iii）可发行普通股是基于股票分割，配股，或任何普通股的细分而产生；（iv）普通股（或认购该类普通股的期权）发行或可发行给公司的员工、董事、顾问，是基于公司董事会董事（含至少_名A系董事）同意的任何股权计划而产生的；（v）普通股发行或可发行给银行，设备出租人，是基于公司董事会董事（含

31、至少_名A系董事）同意的债务融资，设备租赁或不动产租赁交易而产生的。Thefollowingissuancesshallnottriggeranti-dilutionadjustment:(i)securitiesissuableuponconversionofanyoftheSeriesAPreferred,orasadividendordistributionontheSeriesAPreferred;(ii)securitiesissuedupontheconversionofanydebenture,warrant,option,orotherconvertiblesecurity;(iii)CommonStockissuableuponastocksplit,stoc