【正文】 ity [if the Company’s aggregate 5 Note that as a matter of background law, Section 242(b)(2) of the Delaware General Corporation Law provides that if any proposed charter amendment would adversely alter the rights, preferences and powers of one series of Preferred Stock, but not similarly adversely alter the entire class of all Preferred Stock, then the holders of that series are entitled to a separate series vote on the amendment.8 / 25征的負債除外][此類債券獲得董事會（含[ ]位 A 系董事）事先同意的除外]；（vi）增加或減少董事會成員人數。A 系優(yōu)先股轉換價應當根據普通股的配股、股票分割、股票合并等類似事項，以及如下“反稀釋條款”所述內容進行調整。dilution adjustment:6(i) securities issuable upon conversion of any of the Series A Preferred, or as a dividend or distribution on the Series A Preferred。（適用普通股股息，分割，合并及類似調整業(yè)務）[/gross] proceeds to the Company of not less than $[_______] (a “QPO”), or (ii) upon the written consent of the holders of [__]% of the Series A 出資人參與交易: 除非董事會決定[含[ 多數] A 系董事投票決定]允許[主要]投資人放棄參與權，在之后的公司再融資交易中，所有[主要]投資人 都必須充分行使其參與權(如下文“投資人權利協議 —按比例參與未來交易”所述 )[除非[]%A 系優(yōu)先股股東投票同意不按此方案處理]，否則任何未行使上述參與權 A 系優(yōu)先股 8 的[主要] 投資人 所持有的全部 A 系優(yōu)先股都將[喪失反稀釋權利][喪失未來交易參與權][如果可適用，轉換為普通股并喪失董事席位] 9。 however, they do provide a form of exit and some possible leverage over the Company. While it is possible that 12 / 25優(yōu)先股股東選擇， A 系優(yōu)先股股東可以要求公司以可合法分配資金以原始購買價[加所有累積未付股息] 贖回其所持有的 A 系優(yōu)先股。Conditions to Closing:Standard conditions to Closing, which shall include, among other things, satisfactory pletion of financial and legal due diligence, qualification of the shares under applicable Blue Sky laws, the filing of a Certificate of Incorporation establishing the rights and preferences of the Series A Preferred, and an opinion of counsel to the Company. 律師及費用: [投資人/ 公司] 的律師起草交割文件。Demand Registration:Upon earliest of (i) [threefive] years after the Closing。Expenses: The registration expenses (exclusive of stock transfer taxes, underwriting discounts and missions will be borne by the Company. The Company will also pay the reasonable fees and expenses[, not to exceed $______,] of one special counsel to represent all the participating stockholders. 股權鎖定: 在首次發(fā)行新股（IPO）時, 若經首席承銷人要求，投資人應當同意，在首次發(fā)行新股（IPO）后的 180 天內不出售或轉讓公司的任何普通股股份[不包括在首次發(fā)行新股（IPO）期間或其后買入的股份）]（條件是，公司的所有董事，主管以及[15]%的股東也同意受同一股權鎖定協議約束）。未經[主要] 可登記證券持有人同意,公司不授予任何優(yōu)于投資人權益的登記權。（iii）在每一季度結束時,經由財務總監(jiān)(CFO)簽字確認的最新資產負債表。主要投資的認購比例基于這些投資人在公司普通股所有權中所占的百分比確定（假設所有已發(fā)行在外優(yōu)先股都轉換為普通股，并且公司制定的股票發(fā)行計劃中的所有期權都被行使）。 (iii) guarantee, any indebtedness except for trade accounts of the Company or any subsidiary arising in the ordinary course of business。 (vi) enter into or be a party to any transaction with any director, officer or employee of the Company or any “associate” (as defined in Rule 12b2 promulgated under th。any investment other than investments in prime mercial paper, money market funds, certificates of deposit in any United States bank having a worth in excess of $100,000,000 or obligations issued or guaranteed by the United States of America, in each case having a maturity not in excess of [two years]。Rata in Future Rounds:the Company (assuming the conversion of all outstanding Preferred Stock into Common Stock and the exercise of all options outstanding under the Company’s stock plans), to participate in subsequent issuances of equity securities of the Company (excluding those issuances listed at the end of the “Antidilution Provisions” section of this Term Sheet and issuances in connection with acquisitions by the Company). In addition, should any [Major] Investor choose not to purchase its full pro rata share, the remaining [Major] Investors shall have the right to purchase the remaining pro rata shares.需經投資人和董事會明確同意之事項:[只要[_]%初始發(fā)行的 A 系優(yōu)先股仍發(fā)行在外]未經董事會同意，以及包括至少[_]位 A 系董事 的表決同意， 公司將不得：（i）向任何子公司或其他公司，合伙企業(yè)或者其他組織機構提供貸款或預付款，或者擁有其任何股份或其他有價證券，除非公司全額擁有這些機構或公司的所有權；（ii）提供貸款或預付款給任何個人，包括任何員工或董事，除非是公司常規(guī)運營下的預付款或者類似開支，或者是基于職工股或經董事會同意的的期權計劃；（iii ）為任何債務提供擔保，公司或其子公司在正常經營交易之中產生債務除外；Matters Requiring Investor Director Approval:[So long as [__]% of the originally issued Series A Preferred remains outstanding] the Company will not, without Board approval, which approval must include the affirmative vote of [____] of the Series A Director(s):(i) make any loan or advance to, or own any stock or other securities of, any subsidiary or other corporation, partnership, or other entity unless it is wholly owned by the Company。 (ii) thirty days prior to the end of each fiscal year, a prehensive operating budget forecasting the Company’s revenues, expenses, and cash position on a monthtomonth basis for the uping fiscal year。 .15在日常上班時間,經合理的預先通知,任何主要投資人[(非競爭者)]都有權進入公司設施及會見公司員工。“主要投資人”是指持有 A 系優(yōu)先股的份額至少為$[ ]的任何投資人。但是Piggyback Registration:The holders of Registrable Securities will be entitled to “piggyback” registration rights on all registration statements of the Company, subject to the right, however, of the Company and its underwriters to reduce the number of shares proposed to be registered to a minimum of [30]% on a pro rata basis. In all events, the 14 Note that Founders/management sometimes also seek registration rights.15 / 25只有在其他股東所持股份減少之后，可登記證券持有人所要登記的股份才能減少.shares to be registered by holders of Registrable Securities will be reduced only after all other stockholders’ shares are reduced. 費用: 所有登記費用（包括股份轉讓稅,承銷折扣和代理費用）由公司承擔。公司律師：[ ]投資人律師: [ ]Counsel and Expenses:[Investor/Company] counsel to draft closing documents. Company to pay all legal and administrative costs of the financing [at Closing], including reasonable fees (not to exceed $[_____])and expenses of Investor counsel[, unless the transaction is not pleted because the Investors withdraw their mitment without cause]13. Company Counsel: [ ]Investor Counsel: [ ]12 Note