股票认购协议英文版.docx
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股票认购协议英文版
1.PURCHASEANDSALEOFSTOCK
1.1SaleandIssuanceofCommonStock
1.2Closing
2.REPRESENTATIONSANDWARRANTIESOFTHECOMPANY
2.1Organization,GoodStandingandQualification
2.2CapitalizationandVotingRights
2.3Subsidiaries
2.4Authorization
2.5ValidIssuancesofCommonStock
2.6CompliancewithLawandCharterDocuments
2.7CompliancewithOtherInstruments,NoneBurdensome,Etc
2.8GovernmentConsent,Etc
2.9Offering
2.10Litigation
2.11Agreements;Action
2.12RelatedPartyTransactions
2.13EnvironmentalandSafetyLaws
2.14StatusofProprietaryAssets
2.15MaterialAgreements
2.16Disclosure
2.17RegistrationRights
2.18TaxStatus
2.19Employees
2.20Insurance
2.21TitletoPropertyandAssets
2.22FinancialStatements
2.23SECDocuments,FinancialStatements
2.24NoIntegratedOffering
2.25Year_________
3.REPRESENTATIONSANDWARRANTIESOFTHEINVESTOR
3.1Authorization
3.2PurchaseEntirelyforOwnAccount
3.3DisclosureofInformation
3.4InvestmentExperience
3.5AccreditedInvestor
3.6RestrictedSecurities
3.7Legends
4.COVENANTSANDAGREEMENTS
4.1OrdinaryCourseofBusinessandNoticeofAdverseChanges
4.2AccesstoPropertiesandRecords
4.3ExclusiveNegotiations
4.4RightofFirstRefusal
4.5PreemptiveRightofInvestor
4.6CertainEmploymentMatters
4.7BoardObserver
4.8RegistrationofShares
4.9FormD;BlueSkyLaws
4.10ReportingStatus;EligibilitytoUseFormS-1
5.CONDITIONSOFINVESTOR'SOBLIGATIONSATCLOSING
5.1ExecutionofAgreement
5.2SharesCertificate
5.3Representatives,Warranties,Covenants
5.4Litigation
5.5StockListing
5.6Opinion
5.7AllianceAgreement
5.8FinancialStatements
5.9AccountingforInvestment
6.CONDITIONSOFTHECOMPANY'SOBLIGATIONSATCLOSING
6.1ExecutionofAgreement
6.2PurchasePrice
6.3Representations,Warranties,Covenants
6.4LegalImpediment
6.5AllianceAgreement
7.DEFINITIONS
8.MISCELLANEOUS
8.1SurvivalofWarranties
8.2SuccessorandAssigns
8.3GoverningLaw
8.4Counterparts
8.5TitlesandSubtitles
8.6Notices
8.7Finder'sFee
8.8Expenses
8.9AmendmentsandWaivers
8.10Severability
8.11EntireAgreement
THISSTOCKPURCHASEAGREEMENT,effectiveasof_________,_________,_________(M/D/Y),isbyandbetweenAAA,INC.,a_________(state)corporation(the"Company"),andBBBCORPORATION,a_________(state)corporation(the"Investor").
THEPARTIESHEREBYAGREEASFOLLOWS:
1.PURCHASEANDSALEOFSTOCK
1.1SALEANDISSUANCEOFCOMMONSTOCK.SubjecttothetermsandconditionsofthisAgreement,theInvestoragreestopurchaseattheClosingandtheCompanyagreestosellandissuetotheInvestorattheClosing,onemillion,eighthundredeightythousand,ninehundredthirty-sevenshares(1,880,937)oftheCompany'sCommonStock$_________parvalue(the"Shares").ThepurchasepricefortheShares(subjecttoadjustmentasprovidedinsection4.8hereof)shallbe_________Dollars($_________)perShare,oranaggregatepurchasepriceof_________Dollars($_________)(the"PurchasePrice"),whichpurchasepriceassumesthatsuchShareswillberegisteredundertheSecuritiesActwithin90daysoftheClosingandwillbefreelytradableasofthattimebyInvestor,withoutregardtoexemptionsundertheSecuritiesAct.ThepersharePurchasePriceofeachShareshallbedeterminedbydividingthenumberofsharesofCommonStockoutstandingimmediatelypriortotheClosing,onafullydilutedbasis,into$_________.ThenumberofSharesofCommonStocktobeissuedtoInvestorshallbedeterminedbydividingthepersharePurchasePrice,determinedintheprecedingsentence,intotheaggregate$_________PurchasePrice.
1.2CLOSING.ThepurchaseandsaleoftheCommonStockshalltakeplaceattheofficesofCCCLLP,_________(address)(orsuchotherlocationastheInvestormaydesignateandtheCompanyconsentsthereto),at10:
00A.M.on_________,_________,_________(M/D/Y),orsuchothertimeanddateastheInvestordeterminesthatalloftheconditionstotheobligationofInvestor,setforthinSection5hereof,havebeenorwillbesatisfied(the"Closing").AttheClosing,theCompanyshalldelivertotheInvestoracertificaterepresentingtheSharesagainstreceiptbytheCompanyfromtheInvestorofawiretransferintheamountofthePurchasePrice.
2.REPRESENTATIONSANDWARRANTIESOFTHECOMPANY.
TheCompanyherebyrepresentsandwarrantstotheInvestor,exceptassetforthonaScheduleofExceptionsattachedasSCHEDULEAhereto(the"ScheduleofExceptions"),specificallyidentifyingtherelevantsubparagraphhereof,whichexceptionsshallbedeemedtobeapartoftherepresentationsandwarrantiesasifmadehereunder(providedthatsuchScheduleofExceptionsmay,atthediscretionoftheCompany,beamendedfromtimetotimeasnecessaryuntilClosing,solongassuchamendmentsdonotreflectanymaterialchangeinthedisclosure),thefollowing:
2.1ORGANIZATION,GOODSTANDINGANDQUALIFICATION.TheCompanyisacorporationdulyorganized,validlyexistingandingoodstandingunderthelawsoftheStateof_________(state)andhasallrequisitecorporatepowerandauthoritytocarryonitsbusinessasnowconductedandasproposedtobeconducted.TheCompanyisdulyqualifiedtotransactbusinessandisingoodstandingineachjurisdictioninwhichthefailuresotoqualifywouldhaveaMaterialAdverseEffectonitsbusinessorproperties.
2.2CAPITALIZATIONANDVOTINGRIGHTS.ImmediatelypriortotheClosing,theauthorizedcapitaloftheCompanywillconsistof:
(i)CAPITALSTOCK._________sharesofcommonstock("CommonStock"),ofwhich_________areissuedandoutstandingand_________sharesofpreferredstock,noneofwhichareissuedandoutstanding.TheCompanyhasreservedanaggregate_________sharesofCommonStockunderits_________(YEAR)employeestockoptionplanforpurposesof(i)futuregrantsofstockoptionstoemployees,consultantsanddirectors(hereinafter,the"ESOP"),and(ii)issuancetoholdersofpreviouslygrantedstockoptionsuponexerciseofsuchoptions.Additionally,thecompanyhasreservedanadditional_________sharesofcommonstockunderitsnon-executivedirectorsoptionplanforissuancetoitsnon-employeedirectors.Thereisnootherclassorseriesofstockauthorized.
(ii)WARRANTSANDOPTIONS.TheCompanyhaswarrantsandoptionsexercisableandoutstandingtopurchaseuptoanaggregateof_________sharesofCommonStock,exceptfor_________ESOPScurrentlyexercisableandoutstanding.
(iii)OTHERAGREEMENTS.ExceptassetforthinthisAgreementandintheScheduleofExceptions,therearenooutstandingoptions,warrants,convertiblesecurities,rights(includingconversion,rightoffirstrefusaloranypreemptiverights)oragreementsforthepurchaseoracquisitionfromtheCompanyofanysharesofitscapitalstockoranyfutureissuanceofsecuritiesbytheCompany.
(iv)VOTINGAGREEMENTS.ExceptassetforthinthisAgreement,theCompanyhasnoagreement,obligationorcommitmentwithrespecttotheelectionofanyindividualorindividualstotheBoard,andtothebestoftheCompany'sknowledge,thereisnovotingagreementorotherarrangementamongitsshareholderswithrespecttotheelectionofanyindividualorindividualstotheBoard.
(v)COMMONSTOCKOUTSTANDING.ThetotalnumberofsharesoftheCompany'sCommonStockoutstandingonafullydilutedbasis,immediatelypriortotheClosing,is14,577,177shares.
2.3SUBSIDIARIES.ExceptforAAA,Ltd.,theCompany'swholly-ownedIsraelisubsidiarywithofficesinKfar-Saba,Israel,theCompanydoesnotownorcontrol,directlyorindirectly,anyothercorporation,association,orotherbusinessentity.
2.4AUTHORIZATION.AllcorporateactiononthepartoftheCompany,itsdirectorsandshareholdersnecessaryfortheauthorization,executionanddeliveryofthisAgreement,theperformanceofallobligationsoftheCompanyhereunderandtheauthorization,issuanceanddeliveryoftheCommonStockbeingsoldhereunderhasbeentakenorwillbetakenpriortotheClosing,andthisAgreement,upondueexecutionanddelivery,constitutesavalidandbindingobligationoftheCompany,enforceableinaccordancewithitsterms,except(i)aslimitedbyapplicablebankruptcy,insolvency,reorganization,moratorium,andotherlawsofgeneralapplicationaffectingenforcementofcreditors'rightsgenerally,and(ii)aslimitedbylawsrelatingtotheavailabilityofspecificperformance,injunctiverelief,orotherequitableremedies.
2.5VALIDISSUANCESOFCOMMONSTOCK.TheShareswhicharebeingpurchasedbytheInvestorhereunder,whenissued,soldanddeliveredinaccordancewiththetermshereoffortheconsiderationexpressedherein,willbedulyandvalidlyissued,fullypaidandnonassessable,andtheInvestorshallhavegoodandmarketabletitletosuchShares,freeandclearofanyliens,pledges,encumbrances,taxes,chargesorrestrictionsofanykind(otherthanthosecreatedbyorthroughtheInvestor).
2.6COMPLIANCEWITHLAWANDCHARTERDOCUMENTS.TheCompanyisnotinviolationof,ordefaultunder,anyprovisionsofitsCertificateofIncorporationorBylaws,bothascurrentlyineffect.Toitsknowledge,theCompanyisincomplianceinallmaterialrespectswithallapplicablelaws,rules,regulations,judgments,decreesandgovernmentalorders,exceptforsuchnon-compliancethatwouldnothaveaMaterialAdverseEffectontheproperties,financialcondition,operations,prospectsorbusinessoftheCompany.TheCompanyhasreceivednonoticeofanyviolationofsuchlaws,rules,regulations,judgments,decreesororderswhichhasnotbeenremediedpriortothedatehereoforwhichwouldhaveaMaterialAdverseEffectont