标准风险投资协议

公司如因任何原因清算、解散或停业Liquidation 清理过程，公司收益将作如下分配： Preference:

[可选方案1（优先股不参与分配）:首先,每股A系优先股按[一]倍原始购买价[加累计股息][加已宣布但未付股息]分配。其余分配给普通股股东]

[可选方案2（优先股充分参与分

配）:首先，每股A系优先股按[一]倍原始购买价[加累计股息][加已宣布未付股息] 分配。然后优先股按视为转换成普通股参与普通股分配]

[可选方案3（优先股限制参与分

配）:首先，每股A系优先股按[一]倍原始购买价[加累计股息][加已宣布未付股息] 分配。然后优先股按视为转换成普通股参与普通股分配，直至A系优先股股东获得总计[ ]倍于原始购买价的分配]

In the event of any liquidation, dissolution or winding up of the Company, the proceeds shall be paid as follows:

[Alternative 1 (non-participating Preferred Stock): First pay [one] times the Original Purchase Price [plus accrued dividends] [plus declared and unpaid dividends] on each share of Series A Preferred. The balance of any proceeds shall be distributed to holders of Common Stock.]

[Alternative 2 (full participating Preferred Stock): First pay [one] times the Original Purchase Price [plus accrued dividends] [plus declared and unpaid dividends] on each share of Series A Preferred. Thereafter, the Series A Preferred participates with the Common Stock on an as-converted basis.]

[Alternative 3 (cap on Preferred Stock participation rights): First pay [one] times the Original Purchase Price [plus accrued dividends] [plus declared and unpaid dividends] on each share of Series A Preferred. Thereafter, Series A Preferred participates with Common Stock on an as-converted basis until the holders of Series A Preferred receive an aggregate of [_____] times the Original Purchase Price.]

A merger or consolidation (other than one in which stockholders of the Company own a majority by voting power of the outstanding shares of the surviving or acquiring corporation) and a sale, lease, transfer or other disposition of

清算优先受偿权：

公司的兼并或合并（公司原股东拥有存续公司或收购公司的发行在外股票过半数表决权的情形除外）， 以及公司出售、租赁、转让或以其他方式处置公司全部或大部分资产的行为，应当视为公司清算事项(视为清算事项)，并导致上述清算优先权得以产生[除非[ ]％的A系优先股股东投票反对这种处理]。

表决权：

除下列情形外，A系优先股股东在视为转换成普通股的基础上与普通股股东一起表决，而不能作为独立表决团体：

（i）A系优先股股东作为一个团体有权选举[ ]名董事会成员（A系董事）;

(ii)出现如下文所示“保护性条款”之情况;

（iii）法律另有的其他规定。

公司章程应当规定，经优先股和普通股股东多数同意，并作为一个表决团体集体表决（不经普通股股东单独表决），公司可以增加或减少授权发行的股票数量4。

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all or substantially all of the assets of the Company will be treated as a liquidation event (a “Deemed Liquidation Event”), thereby triggering payment of the liquidation preferences described above [unless the holders of [___]% of the Series A Preferred elect otherwise].

Voting Rights:

The Series A Preferred Stock shall vote together with the Common Stock on an as-converted basis, and not as a separate class, except (i) the Series A Preferred as a class shall be entitled to elect [_______] [(_)] members of the Board (the ―Series A Directors‖), (ii) as provided under ―Protective Provisions‖ below or (iii) as required by law.

The Company’s Certificate of Incorporation will provide that the number of authorized shares of Common Stock may be increased or decreased with the approval of a majority of the Preferred and Common Stock, voting together as a single class, and without a separate class vote by the Common Stock.4

For California corporations, one cannot “opt out” of the statutory requirement of a separate class vote by Common Stockholders to authorize

shares of Common Stock.

保护性条款：

只要有___[写明固定数量、百分比或任何] A系优先股仍发行在外，未经至少[ ]％A系优先股股东书面同意，公司不得直接或变相进行兼并、合并或下列其他业务：

（i）清算、解散或停业清理，或进行任何视为清算事项;

(ii)[以不利于A系优先股股东的方式]修改、变更或撤销公司章程或细则中的任何条款5

Protective Provisions:

So long as [insert fixed number, or %, or “any”] shares of Series A Preferred are outstanding, the Company will not, without the written consent of the holders of at least [__]% of the Company’s Series A Preferred, either directly or by amendment, merger, consolidation, or otherwise:

(i) liquidate, dissolve or wind-up the affairs of the Company, or effect any Deemed Liquidation Event; (ii) amend, alter, or repeal any provision of the Certificate of Incorporation or Bylaws [in a manner adverse to the Series A Preferred];5 (iii) create or authorize the creation of or issue any other security convertible into or exercisable for any equity security, having rights, preferences or privileges senior to or on parity with the Series A Preferred, or increase the authorized number of shares of Series A Preferred; (iv) purchase or redeem or pay any dividend on any capital stock prior to the Series A Preferred, [other than stock repurchased from former employees or consultants in connection with the cessation of their employment/services, at the lower of fair market value or cost;] [other than as approved by the Board, including the approval of [_____] Series A Director(s)]; or (v) create or authorize the creation of any debt security [if the Company’s aggregate

（iii）创设、授权创设或发行可转换或可行使拥有优于或同等于A系优先股之权利、优待或特权的公司证券，或增加发行A系优先股授权数量；

(iv)优于A系优先股，对任何股份予以收购、赎回或分配股息。[由于前员工的雇佣（或顾问的服务）关系的终止，以低于公平市场价回购其股份的除外][由董事会（含[ ] 位A系董事）同意的除外]；

(v)发行或授权发行任何公司债券[若公司总计负债因此超过﹩[__]][设备

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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.

租赁或银行信用额度除外][无股权特征的负债除外][此类债券获得董事会（含[ ]位A系董事）事先同意的除外]；

（vi）增加或减少董事会成员人数。 indebtedness would exceed $[____][other than equipment leases or bank lines of credit][other than debt with no equity feature][unless such debt security has received the prior approval of the Board of Directors, including the approval of [________] Series A Director(s)]; (vi) increase 可选择转换：

反稀释条款：

A系优先股股东有权将其拥有每一A系优先股随时转换为普通股，每一A系优先股可转换为普通股的数量为原始购买价除以转换时的A系优先股转换价（定义如下）。最初的A系优先股转换价应当原始购买价。A系优先股转换价应当根据普通股的配股、股票分割、股票合并等类似事项，以及如下“反稀释条款”所述内容进行调整。

若公司以低于现行A系优先股转换价的价格发行新的股票，该转换价格应按下列公式调整：

[可选方案1“典型”加权平均数：

CP2=CP1*(A+B)/(A+C)

CP2=新A系优先股转换价

Optional Conversion:

Anti-dilution Provisions:

or decrease the size of the Board of Directors. Each share of the Series A Preferred shall be convertible, at the option of the holder thereof, at any time, into such number of shares of Common Stock as is determined by dividing the Series A Original Purchase Price by Series A Preferred Conversion Price (as defined below) in effect at the time of conversion. The “Series A Preferred Conversion Price” shall initially be equal to $____ (the Series A Original Purchase Price). Such initial Series A Conversion price is subject to adjustments for stock dividends, splits, combinations and similar events and as described below under “Anti-dilution Provisions.”

In the event that the Company issues additional securities at a purchase price less than the current Series A Preferred Conversion Price, such conversion price shall be adjusted in accordance with the following formula: [Alternative 1: “Typical” weighted average: CP2 = CP1 * (A+B) / (A+C)