ROFR Rev 3.docx

ROFR Rev 3.docx

《ROFR Rev 3.docx》由会员分享，可在线阅读，更多相关《ROFR Rev 3.docx（29页珍藏版）》请在冰点文库上搜索。

ROFRRev3

Thissampledocumentistheworkproductofacoalitionofattorneyswhospecializeinventurecapitalfinancings,workingundertheauspicesoftheNVCA.SeetheNVCAwebsiteforalistoftheWorkingGroupmembers.Thisdocumentisintendedtoserveasastartingpointonly,andshouldbetailoredtomeetyourspecificrequirements.Thisdocumentshouldnotbeconstruedaslegaladviceforanyparticularfactsorcircumstances.Notethatthissampledocumentpresentsanarrayof（oftenmutuallyexclusive）optionswithrespecttoparticulardealprovisions.

[AMENDEDANDRESTATED]

RIGHTOFFIRSTREFUSALANDCO-SALEAGREEMENT

TABLEOFCONTENTS

Page

1.Definitions.2

2.AgreementAmongtheCompany,theInvestorsandtheKeyHolders.4

2.1RightofFirstRefusal.4

2.2RightofCo-Sale.6

2.3EffectofFailuretoComply.8

3.ExemptTransfers.9

3.1ExemptedTransfers9

3.2ExemptedOfferings..9

[3.3ProhibitedTransferees]9

4.Legend10

5.Lock-Up10

5.1AgreementtoLock-Up10

5.2StopTransferInstructions11

6.Miscellaneous.11

6.1Term11

6.2StockSplit11

6.3Ownership11

6.4DisputeResolution11

6.5Notices12

6.6EntireAgreement12

6.7DelaysorOmissions.12

6.8Amendment;WaiverandTermination13

6.9AssignmentofRights.13

6.10Severability14

6.11AdditionalInvestors14

6.12GoverningLaw14

6.13TitlesandSubtitles15

6.14Counterparts;Facsimile15

6.15AggregationofStock15

6.16SpecificPerformance.15

[6.17AdditionalKeyHolders]15

[6.18ConsentofSpouse]16

[6.19EffectonPriorAgreement]16

ScheduleA-Investors

ScheduleB-KeyHolders

[ExhibitA-ConsentofSpouse]

[AMENDEDANDRESTATED]RIGHTOFFIRSTREFUSAL

ANDCO-SALEAGREEMENT

THIS[AMENDEDANDRESTATED]RIGHTOFFIRSTREFUSALANDCO-SALEAGREEMENT（the“Agreement”）ismadeasofthe[__]dayof[________,20__]byandamong[_____],a[Delaware]corporation（the“Company”）,theInvestorslistedonSchedule AandtheKeyHolderslistedonSchedule B.

[Alternative1:

WHEREAS,eachKeyHolderisthebeneficialownerofthenumberofsharesofCapitalStock,orofoptionstopurchaseCommonStock,setforthoppositethenameofsuchKeyHolderonSchedule B;

WHEREAS,theCompanyandtheInvestorsarepartiestothe[SeriesAPreferredStock]PurchaseAgreement,ofevendateherewith（the“PurchaseAgreement”）,pursuanttowhichtheInvestorshaveagreedtopurchasesharesoftheSeriesAPreferredStockoftheCompany,parvalue$__pershare（“SeriesAPreferredStock”）;and

WHEREAS,theKeyHoldersandtheCompanydesiretofurtherinducetheInvestorstopurchasetheSeriesAPreferredStock;]

[Alternative2:

WHEREAS,theCompany,theKeyHoldersandcertainoftheInvestors（the“PriorInvestors”）previouslyenteredinto[a][an][AmendedandRestated]RightofFirstRefusalandCo-SaleAgreement,dated[_______,200__]（the“PriorAgreement”）,inconnectionwiththepurchaseofsharesofSeries [__]PreferredStockoftheCompany,parvalue$__pershare（“Series[__]PreferredStock”）;

WHEREAS,theKeyHolders,thePriorInvestorsandtheCompanydesiretoinducecertainoftheInvestorstopurchasesharesofSeries[__]PreferredStockoftheCompany,parvalue$___pershare,（“Series[___]PreferredStock”）pursuanttotheSeries[__]PreferredStockPurchaseAgreementdatedasofthedatehereofbyandamongtheCompanyandcertainoftheInvestors（the“PurchaseAgreement”）byamendingandrestatingthePriorAgreementtoprovidetheInvestorswiththerightsandprivilegesassetforthherein].

NOW,THEREFORE,theCompany,theKeyHolders[and][,]theInvestors[includingthePriorInvestorseachherebyagreetoamendandrestatethePriorAgreementinitsentiretyassetforthherein,andthepartiesheretofurther]agreeasfollows:

1.Definitions.

“Affiliate”means,withrespecttoanyspecifiedInvestor,anyotherInvestorwhoorwhich,directlyorindirectly,controls,iscontrolledbyorisundercommoncontrolwithsuchInvestor,includingwithoutlimitationanygeneralpartner,officer,directorormanagerofsuchInvestor,andanyventurecapitalfundnoworhereafterexistingwhichiscontrolledbyoneormoregeneralpartnersormanagingmembersof,orsharesthesamemanagementcompanywith,suchInvestor.

“CapitalStock”means（a）sharesofCommonStockandPreferredStock（whethernowoutstandingorhereafterissuedinanycontext）,（b）sharesofCommonStockissuedorissuableuponconversionofPreferredStockand（c）sharesofCommonStockissuedorissuableuponexerciseorconversion,asapplicable,ofstockoptions,warrantsorotherconvertiblesecuritiesoftheCompany,ineachcasenowownedorsubsequentlyacquiredbyanyKeyHolder,anyInvestor,ortheirrespectivesuccessorsorpermittedtransfereesorassigns.ForpurposesofthenumberofsharesofCapitalStockheldbyanInvestororKeyHolder（oranyothercalculationbasedthereon）,allsharesofPreferredStockshallbedeemedtohavebeenconvertedintoCommonStockatthethenapplicableconversionratio.

“CommonStock”meanssharesofCommonStockoftheCompany,[__]parvaluepershare.

“CompanyNotice”meanswrittennoticefromtheCompanynotifyingthesellingKeyHoldersthattheCompanyintendstoexerciseitsRightofFirstRefusalastosomeoralloftheTransferStockwithrespecttoanyProposedKeyHolderTransfer.

“InvestorNotice”meanswrittennoticefromanInvestornotifyingtheCompanyandthesellingKeyHolderthatsuchInvestorintendstoexerciseitsSecondaryRefusalRightastoaportionoftheTransferStockwithrespecttoanyProposedKeyHolderTransfer.

“Investors”meansthepersonsnamedonSchedule Ahereto,eachpersontowhomtherightsofanInvestorareassignedpursuanttoSection6.9,eachpersonwhohereafterbecomesasignatorytothisAgreementpursuanttoSection6.11andanyoneofthem,asthecontextmayrequire[;provided,however,thatanysuchpersonshallceasetobeconsideredanInvestorforpurposesofthisAgreementatanytimesuchpersonandhis,heroritsAffiliatescollectivelyholdfewerthan[____________]sharesofCapitalStock（asadjustedforanystockcombination,stocksplit,stockdividend,recapitalizationorothersimilartransaction）].

“KeyHolders”meansthepersonsnamedonSchedule Bhereto,eachpersontowhomtherightsofaKeyHolderareassignedpursuanttoSection3.1,eachpersonwhohereafterbecomesasignatorytothisAgreementpursuanttoSection6.9or6.17andanyoneofthem,asthecontextmayrequire.

“PreferredStock”meanscollectively,allsharesofSeriesAPreferredStock[andSeries[___]PreferredStock].

“ProposedKeyHolderTransfer”meansanyassignment,sale,offertosell,pledge,mortgage,hypothecation,encumbrance,dispositionoforanyotherliketransferorencumberingofanyTransferStock（oranyinteresttherein）proposedbyanyoftheKeyHolders.

“ProposedTransferNotice”meanswrittennoticefromaKeyHoldersettingforththetermsandconditionsofaProposedKeyHolderTransfer.

“ProspectiveTransferee”meansanypersontowhomaKeyHolderproposestomakeaProposedKeyHolderTransfer.

“RightofCo-Sale”meanstheright,butnotanobligation,ofanInvestortoparticipateinaProposedKeyHolderTransferonthetermsandconditionsspecifiedintheProposedTransferNotice.

“RightofFirstRefusal”meanstheright,butnotanobligation,oftheCompany,oritspermittedtransfereesorassigns,topurchasesomeoralloftheTransferStockwithrespecttoaProposedKeyHolderTransfer,onthetermsandconditionsspecifiedintheProposedTransferNotice.

“SecondaryNotice”meanswrittennoticefromtheCompanynotifyingtheInvestorsandthesellingKeyHolderthattheCompanydoesnotintendtoexerciseitsRightofFirstRefusalastoallsharesofTransferStockwithrespecttoanyProposedKeyHolderTransfer.

“SecondaryRefusalRight”meanstheright,butnotanobligation,ofeachInvestortopurchaseuptoitsprorataportion（baseduponthetotalnumberofsharesofCapitalStockthenheldbyallInvestors）ofanyTransferStocknotpurchasedpursuanttotheRightofFirstRefusal,onthetermsandconditionsspecifiedintheProposedTransferNotice.

“TransferStock”meanssharesofCapitalStockownedbyaKeyHolder,orissuedtoaKeyHolderafterthedatehereof（including,withoutlimitation,inconnectionwithanystocksplit,stockdividend,recapitalization,reorganization,orthelike）,butdoesnotincludeanysharesofPreferredStockorCommonStockissuedorissuableuponconversionofPreferredStock.

“UndersubscriptionNotice”meanswrittennoticefromanInvestornotifyingtheCompanyandthesellingKeyHolderthatsuchInvestorintendstoexerciseitsoptiontopurchasealloranyportionoftheTransferStocknotpurchasedpursuanttotheRightofFirstRefusalortheSecondaryRefusalRight.

2.AgreementAmongtheCompany,theInvestorsandtheKeyHolders.

2.1RightofFirstRefusal.

（a）Grant.SubjecttothetermsofSection3below,eachKeyHolderherebyunconditionallyandirrevocablygrantstotheCompanyaRightofFirstRefusaltopurchasealloranyportionofTransferStockthatsuchKeyHoldermayproposetotransferinaProposedKeyHolderTransfer,atthesamepriceandonthesametermsandconditionsasthoseofferedtotheProspectiveTransferee.

（b）Notice.EachKeyHolderproposingtomakeaProposedKeyHolderTransfermustdeliveraProposedTransferNoticetotheCompanyandeachInvestornotlaterthan[forty-five（45）]dayspriortotheconsummationofsuchProposedKeyHolderTransfer.SuchProposedTransferNoticeshallcontainthematerialtermsandconditions（includingpriceandformofconsideration）oftheProposedKeyHolderTransferandtheidentityof