A序列优先股购买协议(Stock Purchase Agreement)

LastupdatedMay2010Thissampledocumentistheworkproductofanationalcoalitionofattorneyswhospecializeinventurecapitalfinancings,workingundertheauspicesoftheNVCA.Thisdocumentisintendedtoserveasastartingpointonly,andshouldbetailoredtomeetyourspecificrequirements.Thisdocumentshouldnotbeconstruedaslegaladviceforanyparticularfactsorcircumstances.Notethatthissampledocumentpresentsanarrayof(oftenmutuallyexclusive)optionswithrespecttoparticulardealprovisions.SERIESAPREFERREDSTOCKPURCHASEAGREEMENTLastupdatedMay2010PreliminaryNoteTheStockPurchaseAgreementsetsforththebasictermsofthepurchaseandsaleofthepreferredstocktotheinvestors(suchasthepurchaseprice,closingdate,conditionstoclosing)andidentifiestheotherfinancingdocuments.Generallythisagreementdoesnotsetfortheither(1)thecharacteristicsofthestockbeingsold(whicharedefinedintheCertificateofIncorporation)or(2)therelationshipamongthepartiesaftertheclosing,suchasregistrationrights,rightsoffirstrefusalandco-sale,votingarrangements(thesemattersoftenimplicateotherpersonsthanjusttheCompanyandtheinvestorsinthisroundoffinancing,andareusuallyembodiedinseparateagreementstowhichthoseotherspersonsareparties,orinsomecasesbytheCertificateofIncorporation).ThemainitemsofnegotiationintheStockPurchaseAgreementarethereforethepriceandnumberofsharesbeingsold,andtherepresentationsandwarrantiesthattheCompany,andsometimestheFoundersaswell,mustmaketotheinvestors.LastupdatedMay2010iTABLEOFCONTENTSNotetoDrafter: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........................................................11.2.Closing;Delivery.....................................................................................................11.3.SaleofAdditionalSharesofPreferredStock..........................................................21.4.[UseofProceeds......................................................................................................31.5.DefinedTermsUsedinthisAgreement...................................................................32.RepresentationsandWarrantiesoftheCompany................................................................52.1.Organization,GoodStanding,CorporatePowerandQualification.........................62.2.Capitalization...........................................................................................................62.3.Subsidiaries..............................................................................................................82.4.Authorization...........................................................................................................82.5.ValidIssuanceofShares..........................................................................................92.6.GovernmentalConsentsandFilings........................................................................92.7.Litigation..................................................................................................................92.8.IntellectualProperty...............................................................................................102.9.CompliancewithOtherInstruments......................................................................112.10.Agreements;Actions..............................................................................................122.11.CertainTransactions..............................................................................................132.12.RightsofRegistrationandVotingRights..............................................................132.13.Property..................................................................................................................142.14.FinancialStatements..............................................................................................142.15.Changes..................................................................................................................152.16.EmployeeMatters..................................................................................................162.17.TaxReturnsandPayments.....................................................................................182.18.Insurance................................................................................................................182.19.EmployeeAgreements...........................................................................................182.20.Permits......................................................................................................