PurchaseRightsAgreement购买权条约doc文档格式.docx
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PurchaseRightsAgreement购买权条约doc文档格式.docx
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WHEREAS,CCCindirectlyownsasignificantpercentageoftheoutstandingcapitalstockofBBB;
WHEREAS,AAA,DDDCorp.,an_________(PLACENAME)corporation(DDD),BBBandcertainotherentitieshaveenteredintoanAgreementandPlanofMerger,datedasofthedatehereof(theMERGERAGREEMENT),thatprovidesfor,amongotherthings,themergerofasubsidiaryofAAAwithandintoBBB(theBBBMERGER),pursuanttowhichsharesofAAAClassBCommonStock,shallbeissuedtoanaffiliateofCCCinexchangeforitssharesofBBBClassBCommonStock,subjecttothetermsandconditionsoftheMergerAgreement;
WHEREAS,ontheclosingdateoftheBBBMerger,CCCmaypurchaseadditionalsharesofAAAClassBCommonStockpursuanttothetermsofaSubscriptionAgreement,datedasofthedatehereof(theSUBSCRIPTIONAGREEMENT),byandbetweenAAAandCCC;
and
WHEREAS,asaninducementtoCCCtoenterintotheSubscriptionAgreement,AAAandBBBagreedtoenterintothisAgreementtoprovideforcertainrightsandobligationsofthepartiesheretopriortoandfollowingtheclosingoftheBBBMerger.
NOW,THEREFORE,inconsiderationofthepremisesandthemutualandindependentcovenantshereinaftersetforthandothergoodandvaluableconsiderationthereceiptandsufficiencyofwhichareherebyacknowledged,thepartiesheretoagreeasfollows:
1.ThePurchaseRights.BBBandAAAagreethatCCCshallbeentitledtoexercisethepurchaserightshereinsetforth(thePURCHASERIGHTS)inrespectofanysharesofcapitalstockorotherequitysecuritiesofAAA(theAAAADDITIONALSHARES)whichshallbeissueduponorasaresultofconsummationoftheDDDMergerinexchangeforsharesofcapitalstockorotherequitysecuritiesofDDD(theDDDADDITIONALSHARES)whichshallbeissuedbyDDDbetweenthedatehereofandtheClosingDatepursuanttoSection7.1(f)oftheMergerAgreement.
2.NumberofShares.CCCshallbeentitledtopurchaseitsproportionateshareoftheAAAAdditionalShares.Anysuchshares,whichCCCshallsoelecttopurchase,arehereinreferredtoastheCCCADDITIONALSHARES.ThetermPROPORTIONATESHAREasusedhereinshallbethatnumberofsharesorotherinterestswhichpreservesCCC’sproportionateinterestintheequityvalueofAAAupontheClosingequaltoCCC’sproportionateinterestinBBBimmediatelypriortoanyissuanceoragreementtoissue,ifearlier,ofanyDDDAdditionalSharesbutaftergivingeffecttothecumulativeadjustments,ifany,totheDDDMergerRatiothroughtheClosingDate.
3.ClosingofPurchase.ThePurchasePrice(asdefinedbelow)fortheCCCAdditionalSharesshallbepaidbyCCCandtheCCCAdditionalSharesshallbeissuedbyAAAtoCCC(oritsAffiliatesasCCCshalldesignate)immediatelyfollowingtheClosing.
4.PurchasePrice.TheaggregatepurchasepricewithrespecttoanytrancheofCCCAdditionalShares(each,aPURCHASEPRICE)shallbeequaltotheproductof(i)thenumberofCCCAdditionalShares,and(ii)thepersharelastreportedpriceofBBBClassACommonStockasreportedontheconsolidatedtransactionreportingsystemforsecuritiestradedontheNewYorkStockExchange(asreportedintheNewYorkCityeditionofTheWallStreetJournalor,ifnotreportedthereby,anotherauthoritativesource)onthedateofissuanceofDDDAdditionalShares.
5.NoticeofExerciseofPurchaseRights.InordertoexerciseitsPurchaseRightswithrespecttoanyissuanceofAAAAdditionalSharesbyAAA,CCCmustgivewrittennotice(thePURCHASENOTICE)toBBBandAAAwithin30daysofCCC’sreceiptofaNoticeofIssuance(asdefinedbelow)fromBBB.AnyPurchaseNoticeshallconstituteCCC’sirrevocablecommitmenttopurchasetheCCCAdditionalSharesrelatingtothesubjectissuanceofAAAAdditionalShares.Notwithstandinganyotherprovisionhereof,iftheMergerAgreementshallbeterminatedforanyreasonwithouttheClosinghavingbeenconsummated,CCCshallhavenoobligationtopurchaseanyoftheCCCAdditionalSharesandthisAgreementshallterminateautomaticallyuponanysuchtermination.
6.NatureofSecurities.TotheextentthatCCCisentitledtopurchaseClassACommonSharesofAAApursuanttothePurchaseRights,itinsteadshallbeissuedClassBCommonSharesonaone-for-onebasis.TotheextentthatCCCisentitledtopurchaseanyotherequitysecuritiesofAAAasaresultofthePurchaseRights,AAAandCCCshallnegotiateingoodfaithandagreeuponthenatureofthesecuritiesand,ifapplicable,therestrictionsonorprivilegesof,suchsecuritiessothatthepurposesofthisAgreementareeffected.CCCshallhavenopreemptiverightswithrespecttosecuritiesthatdonotparticipateintheearningsofAAAor,absentapaymentorotherdefault,intheelectionofdirectorsofAAA.
7.NoticeofIssuance.BBBagreesthatitwill,pursuanttoitsinspectionrightsunderSection7.6oftheMergerAgreement,makerequestofDDDonoraboutthefirstbusinessdayofeachcalendarmonthbetweenthedatehereofandtheClosingDate(andonoraboutthetenthbusinessdaypriortotheClosingDate)astoitsissuanceofsharespursuanttoSection7.1(f)oftheMergerAgreementandshallpromptlygivewrittennoticetoCCCofanyissuanceswhichDDDadvisesshallhaveoccurredintheprecedingcalendarmonth,togetherwiththetermsandconditionsuponwhichsuchissuancesshallhaveoccurred(theNOTICEOFISSUANCE).CCC’srighttodeliveraPurchaseNoticewithrespecttoanysuchNoticeofIssuanceshallcommencetorunonthedateCCCshallreceivethesamefromBBB.
8.DefinedTerms.CapitalizedtermsnototherwisedefinedhereinshallhavethemeaningascribedtheretointheMergerAgreement.
9.GeneralProvisions.ThepartiesheretoagreethattheprovisionsofArticleVIIIoftheStockholdersAgreementofevendateherewithamongAAA,BBB,DDDandEEEInc.,anAffiliateofCCC,areherebyincorporatedbyreferencehereinandmadeaparthereofmutatismutandis.ThePurchaseRightssetforthinthisAgreementareintendedtobeinlieuofanypreemptiverightstopurchasesharesofcapitalstockofBBBthatwouldotherwisebeavailabletoCCCoritsAffiliatesundereitheroftheStockholderAgreement,datedthedatehereof,amongBBB,DDDandEEEInc.,a_________(PLACENAME)corporation(EEE),ortheShareholderAgreement,datedasof_________,_________,_________(M,D,Y),amongBBB(f/k/aFFFCompany),BBBHoldingsInc.(f/k/aBBBInc.),andEEE,withrespecttoAAAAdditionalShares.
AAA,INC.BBBINC.
By:
_________By:
_________
Name:
_________Name:
Title:
_________Title:
CCCCORPORATION
_________
PutOptionAgreement选择权协议-
6.1ThePurchaserrepresentsandwarrantsthattheShares,whenissuedinaccordancewiththetermsandprovisionsofthisAgreement,willbedulyauthorized,validlyissued,fullypaidandnonassessableandwillnotbesubjecttoanypreemptiveorotherstatutoryrightofstockholdersand,subjecttoSeller’srepresentationsandwarrantiessetforthbelow,willbeissuedincompliancewithapplicableUnitedStatesFederalandstate,andforeign,securitieslaws.DuringthetermofthisAgreement,thePurchaserwillatalltimeshaveauthorized,andreservedforissuanceanddeliveryuponexerciseofthePutOption,asufficientnumberofsharesofitscommonstockfromtimetotimeissuableuponexerciseofthePutOption.
6.2TheSellerrepresentsandwarrantsthathe/itshallhavecompleteandunrestrictedpowertoenterintoandperformthisAgreementandtransfer,assignanddeliveranyAAAShareuponwhichhe/itshallexercisehis/itsPutOption,andthatsuchAAASharesshallbefreeandclearfromanysecurityinterests,liens,encumbrances,restrictions,orrightstothebenefitofanythirdparty.
6.3
(a)Sellerisaware(i)thattheShareswillnotbeissuedpursuanttoaregistrationstatementundertheSecuritiesActof1933,asAmended(theAct),butwillinsteadbeissuedinrelianceontheexemptionfromregistrationsetforthinSection4
(2)oftheActandinRegulationDundertheActand(ii)thattheissuanceofsuchcommonstockofPurchaserhasnotbeenapprovedorreviewedbytheSECoranyothergovernmentalagency.
(b)SellerisawarethattheSharescannotberesoldunlessregisteredundertheActorunlessanexemptionfromregistrationisavailable.Sellerisalsoawarethat:
(i)exceptpursuanttotheRegistrationRightsAgreement,PurchaserisundernoobligationtofilearegistrationstatementwithrespecttotheShares,and(ii)theprovisionsofRule144undertheActwillpermitresaleofSharesunderonlylimitedcircumstances,andsuchSharesmustbeheldbytheSellerforatleastoneyearbeforeitcanbesoldpursuanttoRule144.
(c)TheShareswillbeacquiredbySellerforinvestmentandforhisoritsownaccount,andnotwithaviewto,orforresaleinconnectionwith,anyunregistereddistributionthereof.
(d)SellerhasexaminedPurchaser’sSECfilings,includingPurchaser’sAnnualReportonForm10-Kandassociateddefinitiveproxystatementfortheyearended_________,_________,_________(M/D/Y),itsQuarterlyReportsonForm10-Qforthequartersended_________,_________,_________(M/D/Y),_________,_________,_________(M/D/Y),and_________,_________,_________(M/D/Y),anditsCurrentReportonForm8-Kfiledin_________,_________,_____
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