【正文】 erage over the Company. While it is possible that the right to receive dividends on redemption could give rise to a Code Section 305 “deemed dividend” problem, many tax practitioners take the view that if the liquidation preference provisions in the Charter are drafted to provide that, on conversion, the holder receives the greater of its liquidation preference or its asconverted amount (as provided in the NVCA model Certificate of Incorporation), then there is no Section 305 issue.11 Due to statutory restrictions, it is unlikely that the Company will be legally permitted to redeem in the very circumstances where investors most want it (the socalled “sideways situation”), investors will sometimes request that certain penalty provisions take effect where redemption has been requested but the Company’s available cash flow does not permit such redemption ., the redemption amount shall be paid in the form of a oneyear note to each unredeemed holder of Series A Preferred, and the holders of a majority of the Series A Preferred shall be entitled to elect a majority of the Company’s Board of Directors until such amounts are paid in full.股份買賣協(xié)議書 Stock Purchase Agreement陳述與保證: 公司提供標(biāo)準(zhǔn)的陳述與保證. [由公司創(chuàng)始人[對(duì)技術(shù)所有權(quán)等]提供陳述與保證]. 12Representations and Warranties:Standard representations and warranties by the Company. [Representations and warranties by Founders regarding [technology ownership, etc.].12完成交割的條件: 完成交割的標(biāo)準(zhǔn)條件，包括: 完成相應(yīng)的財(cái)務(wù)和法律的盡職調(diào)查，股票的發(fā)行符合州證券法(Blue Sky laws)的規(guī)定，賦予了 A 系優(yōu)先股權(quán)利和優(yōu)待的公司章程的進(jìn)行了登記備案,以及公司律師出具了法院意見(jiàn)函等事項(xiàng)。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(fèi)用: [投資人/ 公司] 的律師起草交割文件。公司[在 交割時(shí)] ，應(yīng)當(dāng)支付因融資產(chǎn)生的所有法律和行政花費(fèi)，包括合理專業(yè)服務(wù)費(fèi)用（投資人律師費(fèi)由公司承擔(dān)部分不得超過(guò)$ [ ] ）和其他費(fèi)用[由于投資人無(wú)故撤銷其承諾而使得交易未完成的除外] 13 。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 that while it is not at all unmon in east coast deals to require the Founders to personally rep and warrant (at least as to certain key matters, and usually only in the Series A round), such Founders reps are rarely found in west coast deals.13 The bracketed text should be deleted if this section is not designated in the introductory paragraph as one of the sections that is binding upon the Company regardless of whether the financing is consummated.投資人權(quán)利協(xié)議 INVESTOR RIGHTS AGREEMENT登記權(quán)： Registration Rights:可登記證券： 由 A 系優(yōu)化股轉(zhuǎn)換后可發(fā)行的普通股的全部股權(quán)和[投資人持有的其他普通股]將被視為“可登記證券” 14.Registrable Securities:All shares of Common Stock issuable upon conversion of the Series A Preferred and [any other Common Stock held by the Investors] will be deemed “Registrable Securities.”14請(qǐng)求登記權(quán): 最早在（i）交割后[35]年；或（ii）首次發(fā)行新股（“IPO”）后的[6]個(gè)月的內(nèi),持有 [ ]%的可登記證券者可要求其持有股份的公司進(jìn)行[一][二]次(完備的)注冊(cè)登記。每次登記的發(fā)行總額不可少于[五百萬(wàn)至一千萬(wàn)]美元。Demand Registration:Upon earliest of (i) [threefive] years after the Closing。 or (ii) [six] months following an initial public offering (“IPO”), persons holding [__]% of the Registrable Securities may request [one][two] (consummated) registrations by the Company of their shares. The aggregate offering price for such registration may not be less than $[510] million. S3 表格式登記權(quán): 如果公司可進(jìn)行 S3 表格式登記, 且可登記證券的發(fā)行總額至少為[15 百萬(wàn)美元],則持有 [1030]%的可登記證券者有權(quán)要求公司以 S3 表格式進(jìn)行登記.Registration on Form S3:The holders of [1030]% of the Registrable Securities will have the right to require the Company to register on Form S3, if available for use by the Company, Registrable Securities for an aggregate offering price of at least $[15 million]. 附帶登記權(quán): 可登記證券持有人具有在公司證券注冊(cè)登記表之上的附帶登記權(quán)，但該項(xiàng)權(quán)利受限于于公司及其承銷人的如下權(quán)利：公司及其承銷人有權(quán)將預(yù)計(jì)登記出售的股票份額在各預(yù)計(jì)出售人將Piggyback Registration:The holders of Registrable Securities will be entitled to “piggyback” registration rights on all registration statements