SERIES A PREFERRED STOCK PURCHASE AGREEMENTA系列优先股购

LastupdatedApril2007Thissampledocumentistheworkproductofanationalcoalitionofattorneyswhospecializeinventurecapitalfinancings,workingundertheauspicesoftheNVCA.SeetheNVCAwebsiteforalistoftheWorkingGroupmembers.Thisdocumentisintendedtoserveasastartingpointonly,andshouldbetailoredtomeetyourspecificrequirements.Thisdocumentshouldnotbeconstruedaslegaladviceforanyparticularfactsorcircumstances.Notethatthissampledocumentpresentsanarrayof(oftenmutuallyexclusive)optionswithrespecttoparticulardealprovisions.SERIESAPREFERREDSTOCKPURCHASEAGREEMENTLastupdatedApril2007PreliminaryNoteTheStockPurchaseAgreementsetsforththebasictermsofthepurchaseandsaleofthepreferredstocktotheinvestors(suchasthepurchaseprice,closingdate,conditionstoclosing)andidentifiestheotherfinancingdocuments.Generallythisagreementdoesnotsetfortheither(1)thecharacteristicsofthestockbeingsold(whicharedefinedintheCertificateofIncorporation)or(2)therelationshipamongthepartiesaftertheclosing,suchasregistrationrights,rightsoffirstrefusalandco-sale,votingarrangements(thesemattersoftenimplicateotherpersonsthanjusttheCompanyandtheinvestorsinthisroundoffinancing,andareusuallyembodiedinseparateagreementstowhichthoseotherspersonsareparties,orinsomecasesbytheCertificateofIncorporation).ThemainitemsofnegotiationintheStockPurchaseAgreementarethereforethepriceandnumberofsharesbeingsold,andtherepresentationsandwarrantiesthattheCompany,andsometimestheFoundersaswell,mustmaketotheinvestors.LastupdatedApril2007iTABLEOFCONTENTSNotetoDrafter:SectionheadingshavebeenformattedtoautomaticallypopulatetheTableofContents.However,wheneditingthisdocumentforyourownuse,thepagenumbersmaychange.InordertoreflectthecorrectpagenumbersintheTableofContents,youmust“updatepagenumbers”totheTableofContentsby(1)right-clickinganywhereintheTableofContentsand(2)choose“updatefield,”then“updatepagenumbersonly.”Ifyouaddordeletesectionheadings,followstep(1)and(2)aboveandchoose“updateentiretable.”Page1.PurchaseandSaleofPreferredStock..........................................................................................11.1.SaleandIssuanceofSeriesAPreferredStock....................................................................................1(a)TheCompanyshalladoptandfilewiththeSecretaryofStateoftheStateofDelawareonorbeforetheInitialClosing(asdefinedbelow)theAmendedandRestatedCertificateofIncorporationintheformofEXHIBITBattachedtothisAgreement(the“RestatedCertificate”)............................................................................................................................1(b)SubjecttothetermsandconditionsofthisAgreement,eachPurchaseragreestopurchaseattheClosingandtheCompanyagreestosellandissuetoeachPurchaserattheClosingthatnumberofsharesofSeriesAPreferredStock,$[__]parvaluepershare(the“SeriesAPreferredStock”),setforthoppositeeachPurchaser’snameonEXHIBITA,atapurchasepriceof$[__]pershare.ThesharesofSeriesAPreferredStockissuedtothePurchaserspursuanttothisAgreement(includinganysharesissuedattheInitialClosingandany[MilestoneSharesor]AdditionalShares,asdefinedbelow)shallbereferredtointhisAgreementasthe“Shares.”...............................................................................................11.2.Closing;Delivery..................................................................................................................................1(a)TheinitialpurchaseandsaleoftheSharesshalltakeplaceremotelyviatheexchangeofdocumentsandsignatures,at[____][_].m.,on[__________,200_],oratsuchothertimeandplaceastheCompanyandthePurchasersmutuallyagreeupon,orallyorinwriting(whichtimeandplacearedesignatedasthe“InitialClosing”).Intheeventthereismorethanoneclosing,theterm“Closing”shallapplytoeachsuchclosingunlessotherwisespecified...................................................................................................................................1(b)AteachClosing,theCompanyshalldelivertoeachPurchaseracertificaterepresentingtheSharesbeingpurchasedbysuchPurchaseratsuchClosingagainstpaymentofthepurchasepricethereforbycheckpayabletotheCompany,bywiretransfertoabankaccountdesignatedbytheCompany,bycancellationorconversionofindebtednessoftheCompanytoPurchaser[,includinginterest],orbyanycombinationofsuchmethods...........................21.3.SaleofAdditionalSharesofPreferredStock.......................................................................................2(a)AftertheInitialClosing,theCompanymaysell,onthesametermsandconditionsasthosecontainedinthisAgreement,upto[_________]additionalshares(subjecttoappropriateadjustmentintheeventofanystockdividend,stocksplit,combinationorTABLEOFCONTENTS(continued)PageLastupdatedApril20072similarrecapitalizationaffectingsuchshares)ofSeriesAPreferredStock(the“AdditionalShares”),tooneormorepurchasers(the“AdditionalPurchasers”)[reasonablyacceptabletoPurchasersholdinga[specifypercentage]ofthethenoutstandingShares],providedthat(i)suchsubsequentsaleisconsummatedpriorto[90]daysaftertheInitialClosing,(ii)eachAdditionalPurchasershallbecomeapartytotheTransact