篇一：股份投資合同的標(biāo)準(zhǔn)文本中英文版本

　　Anti-Dilution

　　反稀釋條款 The Conversion Price shall be adjusted on a full-ratchet basis for issuance of any securities of the Company at a purchase price less than the then-effective conversion price. Additionally, the Conversion Price shall be proportionally adjusted for share splits, share dividends, recapitalizations and the like.

　　若公司以低于屆時(shí)轉(zhuǎn)股價(jià)格的價(jià)格發(fā)行任何證券，轉(zhuǎn)股價(jià)格將調(diào)整為新發(fā)行的證券的價(jià)格。發(fā)生股票分拆、發(fā)放股票股利、再資本化和類似情形時(shí)，轉(zhuǎn)股價(jià)格亦將按比例作相應(yīng)調(diào)整。

　　Protective Provisions

　　保護(hù)性條款 The consent of 75% of the CN holders will be required for any of the following actions of the Company and its subsidiaries:

　　公司及其子公司的下述事項(xiàng)須征得75%的可轉(zhuǎn)換債券持有人同意：

　　1) Amendment to the Memorandum of Articles of Association

　　公司章程的修改

　　2) Make any material change in the nature of its business

　　公司業(yè)務(wù)性質(zhì)的任何重大改變

　　3) Merger, consolidation, reorganization, liquidation, dissolution, or winding-up

　　合并、收購(gòu)、重組、清算、解散或停業(yè)

　　4) Acquire, grant an operating right in relation to or otherwise dispose of any shares or securities or material part of its business or assets (excluding current assets)

　　股權(quán)、重要業(yè)務(wù)或重大資產(chǎn)（不包括流動(dòng)資產(chǎn)）的收購(gòu)、處置，經(jīng)營(yíng)權(quán)的獲取、授予

　　5) Sell, mortgage, pledge, lease, transfer or otherwise dispose of a substantial portion of assets 重大資產(chǎn)的出售、抵押、擔(dān)保、租賃、轉(zhuǎn)讓或處置

　　6) Issuance of equity or debt securities, repurchase or redemption of any equity security: re-classification of issued securities; increases, decreases or alters the existing issued share capital 股權(quán)或債權(quán)證券的發(fā)行，任何股權(quán)證券的贖回，已發(fā)行證券的重新分類，現(xiàn)有股本的增加、減少或改變

　　7) Declaration or payment of dividends

　　宣布發(fā)放或支付股利

　　8) Enter into any joint venture, partnership or consortium arrangement

　　簽訂任何合營(yíng)或聯(lián)營(yíng)協(xié)議

　　9) Termination, or material amendment to the terms of stock option plan including number of options, vesting period, and exercise price of options

　　股票期權(quán)計(jì)劃的終止，或其中條款的重大改變（包括期權(quán)總額、行權(quán)期、行權(quán)價(jià)格）

　　10) Any loans to any director, officer or employee

　　提供給任何董事、高管人員或雇員的貸款

　　11) Any related party transaction outside the ordinary course of business

　　任何非正常業(yè)務(wù)之外的關(guān)聯(lián)交易

　　12) Incurrence of any external borrowing by the Company which exceeds US$ [ ], or a series of external borrowing by the Company which in the aggregate over any 12 month period exceed US$ [ ].

　　公司超過(guò)[ ]美元的任何外部借貸，或12個(gè)月內(nèi)累計(jì)超過(guò)[ ]美元的一系列外部借貸的發(fā)生

　　13) Change the terms of employment of any employee whose base salary is in excess of US$50,000 per annum

　　任何底薪超過(guò)5萬(wàn)美元/年的雇員雇用條款的改變

　　14) Hire or dismiss key management staff

　　聘用或解雇關(guān)鍵管理人員

　　15) Enter into any contract or arrangement which involves a consideration or payment exceeding US$[ ] to be made within any one year

　　任何1年內(nèi)須支付對(duì)價(jià)超過(guò)[ ]美元的合同或安排的達(dá)成

　　16) Change of the Auditors or any material change in accounting practices or policies

　　審計(jì)師事務(wù)所的變更或任何會(huì)計(jì)制度或政策的重大改變

　　17) Select the listing exchange or the underwriters for an IPO or approve the valuation and terms and conditions for the IPO, whether or not the IPO is a Qualified IPO

　　IPO上市交易所或承銷商的選擇，或IPO（不管是否合格IPO）估值以及條款的批準(zhǔn)

　　18) Annual budget including capital expenditure.

　　年度預(yù)算（包括資本支出）。

　　Undertakings by Founders

　　創(chuàng)始人股東保證 The Founders undertakes with the Investors that, at all times after the Closing Date, they will not sell or transfer any of their shares prior to the completion of a Qualified IPO, unless the prior written consent is obtained from the Investors.

　　創(chuàng)始人股東向投資人保證，投資交易完成日之后到合格IPO完成之前，不出售或轉(zhuǎn)讓任何持有的公司股份，除非事先得到投資人的書面許可。

　　Pre-emptive Rights

　　優(yōu)先購(gòu)買權(quán) The Investors shall have a pro-rata right, based on their percentage equity ownership on a as-if converted basis, to participate in any subsequent equity financing of the Company on the same price and terms and conditions as the Company proposes to offer such new securities. The Investors will have a right to subscribe any portion of the new issue that is not subscribed by the existing shareholders.

　　投資人將有權(quán)優(yōu)先按比例（根據(jù)假定轉(zhuǎn)換為普通股后在總股本中所占的比例），以相同價(jià)格和條件參與公司后續(xù)的權(quán)益融資。投資人將有權(quán)優(yōu)先認(rèn)購(gòu)現(xiàn)有股東在新證券發(fā)行中未認(rèn)購(gòu)的股份。

　　Right of First Refusal, and Co-Sale Rights

　　優(yōu)先受讓權(quán)和共同出售權(quán) The Investors shall have first refusal rights and co-sale rights whereby any holder of Ordinary Shares who proposed to sell all or a portion of his shares to a third party must first permit the investors at their option (i) to purchase such shares on the same terms as the proposed transferee, or (ii) sell a proportionate part of their shares on the same terms offered by the proposed transferee. Such rights of first refusal and co-sale rights would terminate upon the closing of a Qualified IPO.

　　投資人享有優(yōu)先受讓權(quán)和共同銷售權(quán)，任何欲向第三方出售全部或部分股份的普通股股東須首先允許投資人 (i) 以與擬受讓人同等條款購(gòu)買該股份，或 (ii) 以同等條款按比例向擬受讓人出售股份。合格IPO完成后，該優(yōu)先受讓權(quán)和共同出售權(quán)即終止。

　　Information Rights

　　信息獲取權(quán) The Company shall provide to all Investors:

　　公司須向所有投資人提供：

　　1) audited consolidated profit and loss accounts, balance sheets and statements of cash flow of the Company within three (3) months after the end of each financial year;

　　每個(gè)會(huì)計(jì)年度結(jié)束后3個(gè)月內(nèi)提供公司經(jīng)審計(jì)的合并損益表、資產(chǎn)負(fù)債表和現(xiàn)金流量表；

　　2) monthly management accounts of the Company and individual company standard accounts for each entity within the Company, to be provided within 15 business days after each month end; 每月度結(jié)束后15個(gè)工作日內(nèi)提供公司月度管理報(bào)表及公司內(nèi)每一主體單獨(dú)的標(biāo)準(zhǔn)報(bào)表；

　　3) quarterly consolidated management accounts within 30 days after each quarter end;

　　每季度結(jié)束后30日內(nèi)提供合并的季度管理報(bào)表；

　　4) annual budgets and forecasts not less than 30 days prior to the commencement of each financial year;

　　不遲于每個(gè)會(huì)計(jì)年度開始30日前提年度預(yù)算和財(cái)務(wù)預(yù)測(cè)；

　　5) all other information which Investors may reasonably require within 7 days of the Company’s receipt of a notice requesting such information, or a clear demonstration of best efforts if more than 7 days are required;

　　在收到信息索要通知后7日內(nèi)提供投資人合理要求的任何其他信息，如果需要7天以上，則需提供公司已盡最大努力的清楚證明；

　　6) full details of any progress in relation to any IPO of all or part of the business as soon as practicable;

　　及時(shí)提供公司全部或部分業(yè)務(wù)IPO相關(guān)的任何進(jìn)展的細(xì)節(jié)；

　　7) access to books and records, the facilities, properties, management, employees, and accounting and legal advisors of the Company at any reasonable time after reasonable prior notice by Investors;

　　在投資人提前通知后的合理時(shí)間內(nèi)，準(zhǔn)許其接觸帳簿和記錄、設(shè)施、房產(chǎn)、管理層、員工，以及會(huì)計(jì)和法律顧問(wèn)；

　　8) prompt notification of any withdrawal of bank facilities of the Company, and the Company’s best efforts to restore adequate banking facilities;

　　在銀行撤銷公司任何授信額度時(shí)，迅即通知投資人，以及公司為恢復(fù)足夠的銀行授信所做的最大努力；

　　9) prompt notification of any material litigation or any circumstances that would likely give rise to material litigation; and

　　迅即通知任何重大訴訟或可能導(dǎo)致重大訴訟的情形；以及

　　10) prior notification of any change in the equity percentages of any subsidiary or affiliate, or any joint venture to which the Company is a party.

　　提前通知投資人任何下屬子公司、附屬企業(yè)或公司作為其中一方的合資企業(yè)股權(quán)結(jié)構(gòu)的任何變化。

　　All financial statements shall be prepared to Investors in English and prepared in accordance with IAS.

　　所有財(cái)務(wù)報(bào)表均應(yīng)以英語(yǔ)提供給投資人，并依照國(guó)際會(huì)計(jì)準(zhǔn)則編制。

　　These information rights shall terminate upon the IPO of the Company.

　　公司IPO后，投資人的上述信息獲取權(quán)即終止。

　　Registration Rights

　　注冊(cè)權(quán) 1) Demand, S-3, F-3 or Equivalent, and Piggyback Rights: The specific terms of registration rights would include at least the following: (i) starting three years after the Closing Date, the holders of 50% of the outstanding CN may request a Form F-1 registration statement to be filed; (ii) starting one year after the IPO, two (2) demand registrations upon request of holders of 50% of the outstanding CN on Form S-3 or F-3 or equivalent if listed on a non-US stock exchange; (iii) unlimited piggyback registrations in connection with registrations of shares for the account of the Company or selling shareholders exercising demand rights; and (iv) cut-back provisions providing that registrations must include at least 25% of the shares requested to be included by the holders of registrable securities and employees, directors, etc. must be cut back before the holders of registrable securities would be cut back.

　　要求注冊(cè)、按S-3、F-3（或相當(dāng)?shù)谋砀瘢┳?cè)和附帶注冊(cè)權(quán)：注冊(cè)權(quán)的特定條款至少包括如下內(nèi)容：(i) 本次融資完成3年后，持有50%已發(fā)行可轉(zhuǎn)換債券的股東有權(quán)要求公司向美國(guó)SEC提交F-1注冊(cè)申請(qǐng); (ii) IPO后1年內(nèi)，持有50%已發(fā)行可轉(zhuǎn)換債券的股東有權(quán)向公司提出兩次按S-3、F-3（或相當(dāng)?shù)谋砀瘢粼诿绹?guó)之外的股票交易所掛牌）請(qǐng)求注冊(cè); (iii) 次數(shù)不限的當(dāng)公司或其他出售股票的股東注冊(cè)時(shí)的附帶注冊(cè)權(quán)或與其相當(dāng)?shù)臋?quán)利；以及 (iv) 注冊(cè)削減條款：任何注冊(cè)削減條款應(yīng)規(guī)定，所有注冊(cè)（除與IPO相關(guān)的注冊(cè)）應(yīng)至少滿足原持有人要求注冊(cè)數(shù)的25%，且股東要求的'注冊(cè)數(shù)被削減的前提是公司的董事、高管、員工、顧問(wèn)和普通股股東要求的注冊(cè)數(shù)首先被削減。

　　2) Expenses: The Company would bear the registration expenses (excluding underwriting discounts and commissions but including all other expenses related to the registration) of all such demand, piggyback and S-3, F-3 or equivalent registration.

　　費(fèi)用：公司應(yīng)承擔(dān)上述注冊(cè)的注冊(cè)費(fèi)用（不包括承銷折讓與傭金，但包括所有其他與注冊(cè)相關(guān)的費(fèi)用）。

　　3) Transfer of Rights: The registration rights may be transferred.

　　權(quán)利的轉(zhuǎn)讓：注冊(cè)權(quán)可以轉(zhuǎn)讓。

　　4) Termination: The registration rights would terminate on the earlier date of: (1) five (5) years after the closing of this financing, or (2) when any holder can sell all of such holder’s shares in any three-month period without registration pursuant to Rule 144 under the 1934 Act.

　　權(quán)利的終止：注冊(cè)權(quán)在下述較早實(shí)現(xiàn)之日終止：(1) 本次融資完成5年后，或 (2) 任何股東可以依據(jù)美國(guó)1934年《證券交易法》第144條在任何3個(gè)月期內(nèi)出售所有股份而不必登記之時(shí)。

　　Exclusivity

　　排他性 The Investors will have the exclusive right to negotiate and complete the Investment for a period of eight weeks from the signing of this Term Sheet. During this Exclusive Period, neither the Company, nor the Founders, shall provide information, solicit or entertain proposals, or conduct any discussion or negotiation with any third party regarding the issuance of shares or other securities or instruments by the Company, or any other subsidiary or affiliate of the Company.

　　自本投資條款簽署之日起八周內(nèi)，投資人享有商洽并完成投資的排他性權(quán)利。在排他期限內(nèi)，公司或公司創(chuàng)始人股東均不得就公司、子公司或其他附屬公司發(fā)行股份、其他證券或金融工具事宜向任何第三方提供信息、發(fā)出要約邀請(qǐng)或意向，或與第三方進(jìn)行任何探討或談判。

　　Costs

　　費(fèi)用 The Company shall bear all costs and expenses reasonably incurred by the Investors in relation to the Investors’ investment contemplated under this Term Sheet including but not limited to the preparation, negotiation and execution of Transaction Documents and the legal, financial, commercial and technical due diligence undertaken by the Investors, up to a maximum limit of US$200,000.

　　投資人依照本投資條款而合理支出的全部成本和費(fèi)用（包括但不限于交易文件的準(zhǔn)備、談判、實(shí)施以及法律/財(cái)務(wù)/商業(yè)/技術(shù)盡職調(diào)查費(fèi)用）由公司承擔(dān)，其上限為20萬(wàn)美元。

　　In the event Completion does not take place, the Company and the Investors shall bear their own costs and expenses, provided that if the Company unilaterally decides not to proceed with Completion, the Company shall bear all costs and expenses reasonably incurred by or on behalf of the Investors in relation to the Investors’ intended investment under this Term Sheet including but not limited to the preparation and negotiation of the Transaction Documents and the due diligence undertaken by the Investors, up to a maximum limit of US$200,000.

　　在投資最終未能完成的情形下，公司和投資人將自行承擔(dān)各自的成本和費(fèi)用。若公司單方面決定終止投資完成，公司將承擔(dān)投資人（或通過(guò)其代表）依照本投資條款而合理支出的全部成本和費(fèi)用（包括但不限于交易文件的準(zhǔn)備、談判以及盡職調(diào)查費(fèi)用），其上限為20萬(wàn)美元。

　　Confidentiality

　　保密性 The terms and conditions stipulated in this Term Sheet, including its existence, and the information about the Company shall be confidential information and shall not be disclosed to any third party unless required by applicable law or regulations of any stock exchange. This restriction does not apply to employees, legal counsels, accountants, and other professional advisors of the Company, the Founders, or the Investors, on a need-to-know basis.

　　本投資條款規(guī)定的條款和條件，包括本投資條款的存在，以及關(guān)于公司的信息均為保密信息，除非適用法律或股票交易所規(guī)則要求，不得向任何第三方披露。上述限制不適用于公司、創(chuàng)始人股東或投資人的員工、會(huì)計(jì)師、律師及其他專業(yè)顧問(wèn)（因其需要獲知相關(guān)信息）。

　　Language of Performance

　　履行語(yǔ)言 All notices, communications, and proceedings relating to this Investment and the exercise or performance of the parties’ respective rights and duties will be in English.

　　所有與本次投資相關(guān)的通知、來(lái)往函件和記錄，以及各方權(quán)利和責(zé)任的行使、履行，均應(yīng)以英語(yǔ)進(jìn)行。

　　Termination

　　終止 The CN and CN Holders’ rights hereunder terminate upon the closing of any Qualified IPO, except for any public offering or registration rights, which continue for the respective agreed periods. In the event of a Qualified IPO, the terms of the CNs and CNs will have to be disclosed in the offering document / prospectus and therefore the confidentiality clause can no longer be able to complied with.

　　本投資條款中可轉(zhuǎn)換債券及可轉(zhuǎn)換債券持有人的權(quán)利在合格IPO完成后即終止，但公開發(fā)行及注冊(cè)權(quán)除外（該權(quán)利持續(xù)至相應(yīng)的約定期限）。合格IPO發(fā)生時(shí)，可轉(zhuǎn)換債券及可轉(zhuǎn)換債券的相關(guān)條款須在發(fā)行文件/招股說(shuō)明書中披露，因而保密條款不再適用。