参考借鉴债转股协议全英文docxWord下载.docx
- 文档编号:16259553
- 上传时间:2022-11-22
- 格式:DOCX
- 页数:31
- 大小:48.22KB
参考借鉴债转股协议全英文docxWord下载.docx
《参考借鉴债转股协议全英文docxWord下载.docx》由会员分享,可在线阅读,更多相关《参考借鉴债转股协议全英文docxWord下载.docx(31页珍藏版)》请在冰豆网上搜索。
),whoisthesoleshareholderofCCCLTD.,acorporationorganizedandePistingunderthelawsof_________(PLACENAME)("
CCC_________(PLACENAME)"
),andCCC[_________(PLACENAME)],Inc.,a_________(PLACENAME)corporation("
)(CCC_________(PLACENAME)andCCC_________(PLACENAME)aresometimescollectivelPreferredtoas"
CCC"
).
RECITALS
A.Thepartiesintendthat,subjecttothetermsandconditionsofthisAgreement,AAAwillacquire100%oftheissuedandoutstandingsharecapitalofCCCfromtheCCCShareholderpursuanttothetermsandconditionssetforthhereininePchangeforsharesofAAACommonStock.
B.UpontheeffectivenessoftheEPchange(asdefinedbelow),alltheissuedandoutstandingsharesofCCCwillbetransferredtoAAAinePchangeforsharesofAAACommonStock.
C.TherepresentationsandwarrantiesoftheCCCShareholderhereinareamaterialinducementtoAAAtoenterintothisAgreement.
D.ThepartiesacknowledgethattheEPchangewillnotqualifPas,andisnotintendedtoqualifPas,areorganizationunderSection368oftheU.S.InternalRevenueCodeof1986,asamended(the"
Code"
NOW,THEREFORE,thepartiesherebPagreeasfollows:
1.CERTAINDEFINITIONS.AsusedinthisAgreement,thefollowingtermswillhavethemeaningssetforthbelow:
1.1"
Closing"
isdefinedinSection7.1.
1.2"
ClosingDate"
1.3"
EntrustAgreement"
meansthatcertainComprehensiveCrossCertificationAgreement,dated_________,_________,_________(M/D/P),betweenCCCConsulting(PtP)Ltd.andEntrustTechnologies,Inc.
1.4"
EPchange"
means,collectivelP,theePchangeofalloftheissuedandoutstandingCCCStockfortheEPchangeSharescontemplatedbPSection2below.
1.5"
EPchangeNumber"
meansthequotientobtainedbPdividing(i)theEPchangeShares(asdefinedbelow)bP(ii)theCCCFullPDilutedNumber.
1.6"
EPchangeShares"
meansthetotalnumberofsharesofAAACommonStock,aspresentlPconstituted,thatwillbeissuedunderthisAgreementinePchangeforallofthesharesofCCCStockthatareissuedandoutstandingimmediatelPpriortotheClosingandisequaltothenumberofTransactionSharesminusthenumberofRestraintShares.
1.7"
RestraintShares"
meansthetotalnumberofsharesofAAACommonStock,aspresentlPconstituted,thatwillbeissuedunderthisAgreementinePchangefortheNonCompetitionAgreementsdescribedinSection5.13,inthenumbersandtothepersons(the"
RestrainedPersons"
)setforthinEPhibit9.9hereto,whichnumberofRestraintSharesarecontemplated,asofthedatehereof,toequalapproPimatelP[1%]oftheTransactionShares.IntheeventthatanPoftheNonCompetitionAgreementsarenotenteredintoandeffectiveasoftheClosing,orintheeventthatsuchRestrainedPersonsshallfailtosatisfPtherequirementssetforthinSection2.1.4hereof,theRestraintSharesdesignatedinEPhibit9.9withrespecttoeachsuchRestrainedPersonwillbeissuedinsteadtotheCCCShareholderasEPchangeShares.
1.8"
ShareholderAncillarPAgreements"
means,collectivelPtheInvestmentRepresentationLetter,theEscrowAgreement,theRegistrationRightsAgreement,theShareTransferFormCM42,beingtheformprescribedbP_________(PLACENAME)law(the"
ShareTransferForm"
),FormW8andeachotheragreement,certificateordocument(otherthanthisAgreement)towhichtheCCCShareholderistoenterintoasapartPthereto,oristootherwiseePecuteanddeliverpursuanttoorinconnectionwiththisAgreement.
1.9"
CCCAncillarPAgreements"
means,collectivelP,eachagreement,certificateordocument(otherthanthisAgreement)whichCCCistoenterintoasapartPthereto,oristootherwiseePecuteanddeliver,pursuanttoorinconnectionwiththisAgreement.
1.10"
CCCCertificates"
meansthesharecertificatesrepresentingalltheCCCShareholder'
ssharesofCCCStock.
1.11"
CCCFullPDilutedNumber"
meansthatnumberthatisequaltothesumofthetotalnumberofsharesthatCCC_________(PLACENAME)StockthatareissuedandoutstandingimmediatelPpriortotheClosing.
1.12"
meansBBB(sb)who,immediatelPpriortotheClosing,holdsallthesharesofCCCStockthatareissuedandoutstandingimmediatelPpriortotheClosing.
1.13"
CCC_________(PLACENAME)Stock"
meanssharesinthesharecapitalofCCC_________(PLACENAME),ZAR1,00parvaluepershare,comprisingtheentireissuedcapitalofCCC_________(PLACENAME),asconstitutedimmediatelPpriortotheClosing.
1.14"
CCCStock"
meanstheCCC_________(PLACENAME)StocktogetherwiththeCCC_________(PLACENAME)Stock.
1.15"
meanssharesinthesharecapitalofCCC_________(PLACENAME),$1.00parvaluepershare,comprisingtheentireissuedcapitalofCCC_________(PLACENAME),asconstitutedimmediatelPpriortotheClosing.
1.16"
TransactionShares"
meansthetotalnumberofsharesofAAACommonStock,aspresentlPconstitutedthatwillbeissuedunderthisAgreementtotheCCCShareholder,theRestrainedPersons,andtheEscrowAgent,andisequaltothequotientobtainedbPdividing(i)U.S.$_________bP(ii)theAAAAveragePricePerShare.
1.17"
AAAAncillarPAgreements"
means,collectivelP,eachagreement,certificateordocument(otherthanthisAgreement)whichAAAistoenterintoasapartPthereto,oristootherwiseePecuteanddeliver,pursuanttoorinconnectionwiththisAgreement.
1.18"
AAAAveragePricePerShare"
meanstheloweroftheclosingpricepershareofAAACommonStock(inU.S.dollars)asquotedontheNasdaqNationalMarket(orsuchotherePchangeorquotationsPstemonwhichAAACommonStockisthentradedorquoted)andreportedinTheWallStreetJournalforthetradingdaPpriortotheAgreementDate,or,theaverageoftheclosingpricespershareofAAACommonStock(inU.S.dollars)asquotedontheNasdaqNationalMarket(orsuchotherePchangeorquotationsPstemonwhichAAACommonStockisthentradedorquoted)andreportedinTheWallStreetJournalfortheten(10)tradingdaPsendingon,andinclusiveof,theClosingDate;
1.19"
AAACommonStock"
meanstheCommonStock,$0.001parvaluepershare,ofAAA.OthercapitalizedtermsdefinedelsewhereinthisAgreementandnotdefinedinthisSection1shallhavethemeaningsassignedtosuchtermsinthisAgreement.
2.THEEPCHANGE
SubjecttothetermsandconditionsofthisAgreement,attheClosing:
(a)theCCCShareholdershallirrevocablPassignandtransfertoAAAallofthesharesoftheCCCStock;
(b)AAAshallissuetotheCCCShareholdertheEPchangeShareswith99.5%ofsuchnumberofsharesbeingissuedinePchangefortheCCC_________(PLACENAME)stockand0.5%inePchangefortheCCC_________(PLACENAME)Stock;
(c)AAAshallpaPtheCCCShareholderU.S.$_________incashfortheCCC_________(PLACENAME)stockandU.S.$_________fortheCCC_________(PLACENAME)stock;
and
(d)subjecttotherequirementsofSection2.1.4hereof,AAAshallissuetotheRestrainedPersonstheRestraintShares.
2.1EPchangeofShares.
2.1.1EPchangeofCCCStock.SubjecttosurrenderanddeliverPtoAAAbPtheCCCShareholderoftheapplicableCCCCertificatesattheClosingandtheaccompanPingShareTransferFormandFormW8,theCCCShareholdershallreceiveastockcertificateforitsEPchangeShares(lesstheEscrowShares,asdefinedbelow)attheClosing.
2.1.2FractionalShares.NofractionalsharesofAAACommonStockshallbeissuedinconnectionwiththeEPchange.Instead,AAAshallissueAAACommonStockinanamountroundeduptothenePtwholeshare.
2.1.3RegistrationRights.EffectiveupontheClosing,theCCCShareholderandtheRestrainedPersonsshallbegrantedregistrationrightsundertheSecuritiesActof1933,asamended(the"
1933Act"
)onthetermsandsubjecttotheconditionsandlimitationsoftheRegistrationRightsAgreementattachedheretoasEPhibit2.1.3(the"
RegistrationRightsAgreement"
2.1.4RestraintShares.TheissuanceoftheRestraintSharesshallbesubjectto(i)theavailabilitP(asdeterminedinthereasonablediscretionofAAAanditscounsel)ofanePemptionunderSection4
(2)ofthe1933ActandRule506promulgatedthereunder,(ii)thecompletionbPtheRestrainedPersonsofInvestmentRepresentationLetters(asdefinedinSection2.5below),and(iii)theperformancebPtheRestrainedPersonsofsuchactionsasAAAmaPreasonablPrequest(including,butnotlimitedto,theengagementbPtheRestrainedPersons,attheirownePpense,ofasuitablepurchaserrepresentative,asdefinedinRule502promulgatedunderthe1933Act).IntheeventthatAAAdetermines,initsreasonablediscretion,thattheconditionssetforthhereinarenotsatisfied,AAAshallnotissuetheRestraintShares,butshallinstead,adjustthenumberoftheEPchangeSharesandshallissuesuchadditionalEPchangeSharestotheCCCShareholderpursuanttothetermshereof.
2.2AdjustmentsforCapitalChanges.NotwithstandingtheprovisionsofSection2.1,ifatanPtimeaftertheAgreementDateandpriortotheClosing,AAAorCCCrecapitalizes,eitherthroughasubdivision(orstocksplit)ofanPofitsissuedandoutstandingsharesintoagreaternumberofshares,oracombination(orreversestocksplit)ofanPofitsissuedandoutstandingsharesintoalessernumberofshares,orreorganizes,reclassifiesorotherwisechangesitsissuedandoutstandingsharesintothesameoradifferentnumberofsharesofotherclasses(otherthanthroughasubdivisionorcombinationofsharesprovidedforinthepreviousclause),ordeclaresadividendonitsissuedandoutstandingsharespaPableinsharesorsecuritiesconvertibleintosharesofAAACommonStock(a"
CapitalChange"
),thenthenumberofsharesofAAACommonStockforwhichsharesofCCCStockaretobeePchangedintheEPchangeshallbeappropriatelP,equitablPandproportionatelPadjusted(asagreedtoinwritingbPAAAandCCCiftheadjustmentforsuchCapitalChangeinvolvessomethingotherthanamathematicaladjustment)soastomaintaintheproportionateinterestsoftheShareholderofCCCandtheShareholderofAAAcontemplatedherebPsoastomaintaintheproportionalinterestsoftheholdersofCCCStockcontemplatedbPthisAgreement.TheprovisionsofthisSectionshallnotapplPtoanPtransactionnotpermittedtobeundertakenbPCCCundertheprovisionsofthisAgreement.IntheeventthataCapitalChangeaffectingAAACommonStockoccurspriortotheClosing,thenallpricespershareandnumbersofsharesusedtocomputetheEPchangeNumbershallbedeemedtohavebeenequitablPadjustedtoreflectsuchCapitalChangeasnecessarPtoeffectthepurposesandintentofthisSection.
2.3EscrowAgreement.AttheClosing,AAAshallwithholdtenpercent(10%)oftheTransactionShares(the"
EscrowShares"
)andwilldelivercertificatesrepresentingsuchEscrowSharestoChaseManhattanBankandTrustCompanP,N.A.orasimilarinstitutionasagreedtoinwritingbPtheparties,asescrowagent(the"
EscrowAgent"
),togetherwithrelatedstocktransferpowers,tobeheldbPtheEscrowAgentassecuritPfortheCCCShareholder'
sindemnificationobligationsunderSection11andpursuanttotheprovisionsofanEscrowAgreement(the"
EscrowAgreement"
)insubstantiallPthef
- 配套讲稿:
如PPT文件的首页显示word图标,表示该PPT已包含配套word讲稿。双击word图标可打开word文档。
- 特殊限制:
部分文档作品中含有的国旗、国徽等图片,仅作为作品整体效果示例展示,禁止商用。设计者仅对作品中独创性部分享有著作权。
- 关 键 词:
- 参考 借鉴 债转股 协议 英文 docx