风险投资协议(英文版)

TERMSHEET文档PreliminaryNotesThisTermSheetmapstotheNVCAmodeldocuments,andforconveniencetheprovisionsaregroupedaccordingtotheparticularmodeldocumentinwhichtheymaybefound.AlthoughthisTermSheetisperhapssomewhatlongerthanatypicalVCTermSheet,theaimistoprovidealevelofdetailthatmakestheTermSheetusefulasbotharoadmapforthedocumentdraftersandasareferencesourceforthebusinesspeopletoquicklyfinddealtermswithoutthenecessityofhavingtoconsultthelegaldocuments(assumingofcoursetherehavebeennochangestothematerialdealtermspriortoexecutionofthefinaldocuments).文档TERMSHEETFORSERIESAPREFERREDSTOCKFINANCINGOF[INSERTCOMPANYNAME],INC.[__,200_]ThisTermSheetsummarizestheprincipaltermsoftheSeriesAPreferredStockFinancingof[___________],Inc.,a[Delaware]corporation(the“Company”).InconsiderationofthetimeandexpensedevotedandtobedevotedbytheInvestorswithrespecttothisinvestment,theNoShop/ConfidentialityandCounselandExpensesprovisionsofthisTermSheetshallbebindingobligationsoftheCompanywhetherornotthefinancingisconsummated.Nootherlegallybindingobligationswillbecreateduntildefinitiveagreementsareexecutedanddeliveredbyallparties.ThisTermSheetisnotacommitmenttoinvest,andisconditionedonthecompletionofduediligence,legalreviewanddocumentationthatissatisfactorytotheInvestors.ThisTermSheetshallbegovernedinallrespectsbythelawsofthe[StateofDelaware].OfferingTermsClosingDate:AssoonaspracticablefollowingtheCompany’sacceptanceofthisTermSheetandsatisfactionoftheConditionstoClosing(the“Closing”).[provideformultipleclosingsifapplicable]Investors:InvestorNo.1:[_______]shares([__]%),$[_________]InvestorNo.2:[_______]shares([__]%),$[_________][aswellotherinvestorsmutuallyagreeduponbyInvestorsandtheCompany]AmountRaised:$[________],[including$[________]fromtheconversionofprincipal[andinterest]onbridgenotes].1PricePerShare:$[________]pershare(basedonthecapitalizationoftheCompanysetforthbelow)(the“OriginalPurchasePrice”).Pre-MoneyValuation:TheOriginalPurchasePriceisbaseduponafully-dilutedpre-moneyvaluationof$[_____]andafully-dilutedpost-moneyvaluationof$[______](includinganemployeepoolrepresenting[__]%ofthefully-dilutedpost-moneycapitalization).Capitalization:TheCompany’scapitalstructurebeforeandaftertheClosingissetforthbelow:Pre-FinancingPost-Financing1ModifythisprovisiontoaccountforstagedinvestmentsorinvestmentsdependentontheachievementofmilestonesbytheCompany.文档Security#ofShares%#ofShares%Common–FoundersCommon–EmployeeStockPoolIssuedUnissued[Common–Warrants]SeriesAPreferredTotalCHARTER2Dividends:[Alternative1:DividendswillbepaidontheSeriesAPreferredonanas-convertedbasiswhen,as,andifpaidontheCommonStock][Alternative2:Non-cumulativedividendswillbepaidontheSeriesAPreferredinanamountequalto$[_____]pershareofSeriesAPreferredwhenandifdeclaredbytheBoard.][Alternative3:TheSeriesAPreferredwillcarryanannual[__]%cumulativedividend[compoundedannually],payableuponaliquidationorredemption.Foranyotherdividendsordistributions,participationwithCommonStockonanas-convertedbasis.]32TheCharterisapublicdocument,filedwiththe[Delaware]SecretaryofState,thatestablishesalloftherights,preferences,privilegesandrestrictionsofthePreferredStock.NotethatifthePreferredStockdoesnothaverights,preferences,andprivilegesmateriallysuperiortotheCommonStock,then(afterClosing)theCompanycannotdefensiblygrantCommonStockoptionspricedatadiscounttothePreferredStock.3Insomecases,accruedandunpaiddividendsarepayableonconversionaswellasuponaliquidationevent.Mosttypically,however,dividendsarenotpaidifthepreferredisconverted.AnotheralternativeistogivetheCompanytheoptiontopayaccruedandunpaiddividendsincashorincommonsharesvaluedatfairmarketvalue.Thelatterarereferredtoas“PIK”(payment-in-kind)dividends.文档LiquidationPreference:Intheeventofanyliquidation,dissolutionorwindingupoftheCompany,theproceedsshallbepaidasfollows:[Alternative1(non-participatingPreferredStock):Firstpay[one]timestheOriginalPurchasePrice[plusaccrueddividends][plusdeclaredandunpaiddividends]oneachshareofSeriesAPreferred.ThebalanceofanyproceedsshallbedistributedtoholdersofCommonStock.][Alternative2(fullparticipatingPreferredStock):Firstpay[one]timestheOriginalPurchasePrice[plusaccrueddividends][plusdeclaredandunpaiddividends]oneachshareofSeriesAPreferred.Thereafter,theSeriesAPreferredparticipateswiththeCommonStockonanas-convertedbasis.][Alternative3(caponPreferredStockparticipationrights):Firstpay[one]timestheOriginalPurchasePrice[plusaccrueddividends][plusdeclaredandunpaiddividends]oneachshareofSeriesAPreferred.Thereafter,SeriesAPreferredparticipateswithCommonStockonanas-convertedbasisuntiltheholdersofSeriesAPreferredreceiveanaggregateof[_____]timestheOriginalPurchasePrice.]Amergerorconsolidation(otherthanoneinwhichstockholdersoftheCompanyownamajoritybyvotingpoweroftheoutstandingsharesofthesurvivingoracquiringcorporation)andasale,lease,transferorotherdispositionofallorsubstantiallyalloftheassetsoftheCompanywillbetreatedasaliquidationevent(a“DeemedLiquidationEvent”),therebytriggeringpaymentoftheliquidationpreferencesdescribedabove[unlesstheholdersof[___]%of