Warrant Purchase Agreement授权购买合同

-26-WarrantPurchaseAgreement授权购买合同核心提示：ThisAgreementdatedasof_________,_________,_________(M/D/Y)isenteredintobetweenTHEAAAINC.a_________(STATE)corporation(theCOMPANY)andBBB(thePURCHASER).RECITALSA.CCC,Inc.,a_________(STATE)Corporation,andCCC,a_________(STThisAgreementdatedasof_________,_________,_________(M/D/Y)isenteredintobetweenTHEAAAINC.a_________(STATE)corporation(theCOMPANY)andBBB(thePURCHASER).RECITALSA.CCC,Inc.,a_________(STATE)Corporation,andCCC,a_________(STATE)bodycorporateformedunderSection89ofChapter71ofthe_________(STATE)GeneralLaws(togethertheBorrowers),andthePurchaserareenteringintoaLoanAgreementofevendateherewith(asthesamemaybeamended,restated,renewed,replaced,supplementedorotherwisemodifiedfromtimetotime,theLoanAgreement),providing,subjecttothetermsandconditionsthereof,foracertaintermloantobemadebythePurchasertotheBorrowers.CapitalizedtermsusedhereinwithoutdefinitionhavethemeaningsassignedtothemintheLoanAgreementorintheWarrant(asdefinedbelow),asthecasemaybe.B.TheCompanyhasreceived,andexpectstoreceive,substantialdirectandindirectbenefitsfromtheBorrowerspursuanttotheLoanAgreementwhichbenefitsareherebyacknowledged.C.ItisaconditiontothePurchaser’swillingnesstoenterintotheLoanAgreementandprovidetotheBorrowersthefinancingcontemplatedtherebythattheCompanyshallhaveissuedwarrantstothePurchaser,subjecttothetermshereof.D.TheCompanyiswillingandhasvoluntarilyandfreelyagreedtoissuewarrants,ashereinafterprovided.NOW,THEREFORE,inordertoinducethePurchasertoenterintotheaforesaidloantransactionandtomakesaidloantotheBorrowers,andinconsiderationofthepremisesandforothergoodandvaluableconsideration,thereceiptandsufficiencyofwhichareherebyacknowledged,thepartiesheretoherebycovenantandagreeasfollows:1.IssuanceofWarrant.1.1Asofthedatehereof;theCompanywillissuetothePurchaserawarrant(theWARRANT)topurchasecertainshares(theWARRANTSHARES)ofSeriesACommonStock,$_________parvalue(CommonStock),oftheCompany(suchsharesofCommonStocksubjecttotheWarrantbeingintheamountsetforthintheWarrantandbeingsubjecttoadjustmentassetforththerein).TheformoftheWarrantisattachedheretoasEXHIBITA.1.2ForthepurposeofthisAgreement,thetermWarrantSharesshallincludeanyadditionalsharesofcapitalstockoftheCompanyissuedtothePurchaserinrespectoftheWarrantSharesuponanystocksplit,stockdividend,recapitalization,mergerorsimilareventassetforthintheWarrant.2.RepresentationsoftheCompany.SubjecttoandexceptasdisclosedbytheCompanyonEXHIBITBhereto,theCompanyherebyrepresentsandwarrantstothePurchaserasofthedateofissuanceasfollows:2.1OrganizationandGoodStanding.TheCompanyisacorporationdulyorganized,validlyexistingandingoodstandingunderthelawsofStateof_________(STATE)andhasfullcorporatepowerandauthoritytoownandleaseitspropertyandtoconductitsbusinessaspresentlyconductedandasproposedtobeconductedbyitandtoenterintoandperformthisAgreement,tocarryoutthetransactionscontemplatedbythisAgreementandtoissue,sellanddelivertheWarrantandtheWarrantShares.TheCompanyisdulyqualifiedtodobusinessasaforeigncorporationineachjurisdictioninwhichthefailuresotoqualifycouldhaveamaterialadverseeffectonitsbusiness,properties,prospectsorfinancialcondition.TheCompanyhasfurnishedtothePurchasertrueandcompletecopiesofitsCertificateofIncorporationandby-laws,eachasamendedtodateandpresentlyineffect.2.2Capitalization.(a)Asofthedateofissuancehereof,theauthorizedcapitalstockoftheCompanyconsistsof(i)_________sharesofcommonstock,parvalue$_________pershare,ofwhich(A)_________sharesofCommonStockarevalidlyissuedandoutstanding,fullypaidandnonassessableand(B)_________sharesofCommonStockaresubjecttoissuanceupontheexerciseoftheWarrant,(ii)oneshareofSeriesBCommonStock,ofwhichoneshareisissuedandoutstanding(iii)oneshareofSeriesCCommonStock,ofwhichoneshareisissuedandoutstanding,(iv)oneshareofSeriesDCommonStock,ofwhichoneshareisissuedandoutstanding,(v)oneshareofSeriesECommonStock,ofwhichoneshareisissuedandoutstanding,(vi)oneshareofSeriesFCommonStock,ofwhichoneshareisissuedandoutstandingand(vii)_________sharesofPreferredStock,parvalue$_________pershare,ofwhich_________sharesareissuedandoutstandingandareconvertibleinto_________sharesofCommonStock,allofwhicharevalidlyissuedandoutstanding,fullypaidandnonassessable.Anaggregateof_________sharesofCommonStockhavebeendulyreservedforissuanceupontheconversionoftheissuedandoutstandingPreferredStock.TheCompanyexpectsthatpriorto_________,_________,_________(M/D/Y)anaggregateof_________sharesofCommonStockwillhavebeendulyreservedforissuanceupontheexerciseofcertainoptionsgrantedbytheCompanypursuanttostockoptionplansandotheroptionandwarrantagreements.(b)ExceptasdescribedaboveandassetforthonEXHIBITC,(i)nosubscription,warrant,option,ConvertibleSecurityorotherright(contingentorotherwise)topurchaseoracquirefromtheCompanyanysharesofanyclassofcapitalstockoftheCompanyoranyConvertibleSecurityisauthorizedoroutstanding,(ii)thereisnotanycommitmentoftheCompanytoissueanyshares,warrants,optionsorothersuchrightsortodistributetoholdersofanyclassifitscapitalstockanyevidencesofindebtednessorassetsand(iii)theCompanyhasnoobligation(contingentorotherwise)topurchase,redeemorotherwiseacquireanysharesofitscapitalstockoranyConvertibleSecurityoranyinterestthereinortopayanydividendormakeanyotherdistributioninrespectthereof.Noholderofanywarrant,optionorotherrighttopurchaseanysharesofCommonStockhas,byvirtueofsuchwarrant,optionorotherright,therighttoreceive,participateinorotherwiseinanymannerbenefitfromanydividendsorotherdistributionspaidbytheCompanyincashorpropertyonaccountoftheCommonStockunlesssuchholderexercisessuchwarrant,optionorotherrightandacquiressharesofCommonStock.2.3StockholderAgreements.SetforthonEXHIBITCisatrueandcompletestatementofthenumberofsharesofCommonStockreservedandavailableasoftheClosingDateforissuancetoemployees,officersanddirectorsoftheCompanypursuanttotheCompany’sequityplans.ExceptascontemplatedbythisAgreementandEXHIBITC,therearenoagreements,writtenororal,betweentheCompanyandanyholderofitscapitalstock,relatingtotheacquisition,dispositionorvotingofthecapitalstockoftheCompany.2.4IssuanceofWarrantandWarrantShares:NoOriginalIssueDiscount.(a)Theissuance,saleanddeliveryoftheWarrantinaccordancewiththisAgreement,andtheissuanceanddeliveryoftheWarrantSharesuponexerciseoftheWarrant,havebeendulyauthorizedbyallnecessarycorporateactiononthepartoftheCompany.TheWarrantShareshavebeendulyandvalidlyreservedand,whenissueduponexerciseoftheWarrant,willbedulyandvalidlyissued,fullypaidandnonassessable.Whenissued,theWarrantShareswillbefreefromanyclaims,liensorencumbrances,otherthanrestrictionsontransferunderthisAgreementandunderapplicablestateandfederalsecuritieslaws.(b)Together,theLoanandtheWarrantissuedinaccordancewiththisAgreementconstituteaninvestmentunitforthepurposesofSection1273(c)(2)(A)oftheCode.InaccordancewithSections1273(c)(2)(A)and1273(b)(2)oftheCode,theissuepriceoftheinvestmentunitisthefaceprincipalamountoftheLoan.AllocatingthatissuepriceamongtheLoanandWarrantinproportiontotheirfairmarketvalue,asrequiredbySection1273(c)(2)(B)oftheCodeandTreasuryRegulation1.1273-2(h)(1),resultsintheWarranthavinganissuepriceofzeroandtheLoanhavinganprincipalamountof$_________.Accordingly,theCompanybelievesthattheoriginalissuediscountthatwillaccrueontheWarrantiszero.2.5Authority.Theexecution,deliveryandperformancebytheCompanyofthisAgreementandtheWarranthavebeendulyauthorizedbyallnecessarycorporateactiononthepartoftheCompany.ThisAgreementandtheWarrantconstitutelegal,validandbindingobligationsoftheCompanyenforceableagainsttheCompanyinaccordancewiththeirrespectiveterms,except(i)aslimitedbyapplicablebankruptcy,insolvency,reorganization,moratorium,andotherlawsofgeneralapplicationaffectingenforcementofcreditors’rightsgenerally,and(ii)aslimitedbylawsrelatingtotheavailabilityofspecificperformance,injunctiverelieforotherequitableremedies.Theexecutionanddeliveryof,andperformanceofthetransactionscontemplatedby,thisAgreementandtheWarrant,andcompliancewiththeirprovisionsbytheCompany,willnotviolateanyprovisionoflaworregulationandwillnotconflictwithorresultinanybreachofanyoftheterms,conditionsorprovisionsof,orconstituteadefaultunder,theCompany’sCertificateofIncorporationorby-laws,eachasamendedtodateandpresentlyineffect,oranyindenture,lease,mortgage,agreementorotherinstrumenttowhichtheCompanyisapartyorbywhichitoranyofitspropertiesisbound,oranydecree,judgment,order,statute,ruleorregulationapplicabletotheCompanyoritsproperties,orresultinthecreationorimpositionofanylien,chargeorencumbranceofanynaturewhatsoeveruponanyoftheassetsorpropertiesoftheCompany,wheresuchviolation,conflict,breach,defaultorimpositionofalien,changeorencumbrancecouldhaveamaterialadverseeffectontheCompany.2.6GovernmentalandotherConsents.Noconsent,approval,orderorauthorizationof,orregistration,qualification,designation,declarationorfilingwith,anyGovernmentalAuthorityorotherpersonorentityisrequiredonthepartoftheCompanyinconnectionwiththeexecution,deliveryandperformanceofthisAgreementandtheWarrantortheoffer,issuance,saleanddeliveryoftheWarrantandtheWarrantShares,exceptsuchfilingsasshallhavebeenmadepriortoandshallbeeffectiveonandasoftheClosingDateandexceptanynoticesofsalerequiredtobefiledwiththeSecuritiesandExchangeCommissionunderRegulationDoftheSecuritiesActorsuchpost-closingfilingsasmayberequiredunderapplicablestatesecuritieslaws,allwhichwillbefiledwithinapplicableperiodstherefor.BasedupontherepresentationsmadebythePurchaserinSECTION3ofthisAgreement,theofferandsaleoftheWarrantandtheWarrantSharestothePurchaserwillbeexemptfromtheregistrationrequirementsoftheSecuritiesActandfromthequalificationrequirementsofanyapplicablestatesecuritieslaws.2.7Disclosures.TotheCompany’sknowledge,neitherthisAgreementnoranyexhibitheretonoranycertificateorinstrumentfurnishedortobefurnishedtothePurchaseroritscounselinconnectionwiththetransactionscontemplatedbythisAgreementcontainsanymaterialmisstatementoffactoromitstostateamaterialfactnecessarytomakethestatementscontainedhereinorthereinnotmisleading.TheCompanyknowsofnoinformationorfactwhichhasorwouldhaveamaterialadverseeffectonthefinancialcondition,businessorprospectsoftheCompanywhichhasnotbeendisclosedtothePurchaser.3.RepresentationsofthePurchaser.ThePurchaserrepresentsandwarrantstotheCompanyonthedateofissuanceanduponexerciseofthisWarrantasfollows:3.1Investment.ThePurchaserisacquiringtheWarrantandtheWarrantSharesforitsownaccountforinvestmentandnotwithaviewto,orforsaleinconnectionwith,anydistributionthereof,norwithanypresentintentionofdistributingorsellingthesame.ThePurchaserunderstandsthattheWarrantandtheWarrantShareshavenotbeenregisteredundertheSecuritiesActorqualifiedunderanyapplicablestatesecuritieslawsinrelianceuponexemptionsfromsuchrequirements.3.2Authority.ThePurchaserhasfullpowerandauthoritytoenterintoandtoperformthisAgreementinaccordancewithitsterms.Theexecution,deliveryandperformancebythePurchaserofthisAgreementhavebeendulyauthorizedbyallnecessaryactiononbehalfofthePurchaser.ThisAgreementconstitutesthevalidandbindingobligationofthePurchaserenforceableinaccordancewithitsterms.3.3SophisticatedInvestor.ThePurchaserhasnotbeenorganized,reorganizedorrecapitalizedspecificallyforthepurposeofinvestingintheCompany.ThePurchaserhassufficientbusinessandfinancialknowledgeandexperiencesoastobecapableofevaluatingthemeritsandrisksofitsinvestmentintheCompany.3.4RestrictedSecurities.ThePurchaseracknowledgesthattheWarrantandtheWarrantShareshavenotbeenregisteredundertheSecuritiesActand,asaresult,mustbeheldindefinitelyunlesstheyaresubsequentlyregisteredundertheSecuritiesActoranexemptionfromsuchregistrationisavailable.3.5AccesstoInformation.ThePurchaserhashadanopportunitytodiscusstheCompany’sbusiness,managementandfinancialaffairswiththeCompany’smanagement.ThePurchaserhasalsohadanopportunitytoaskquestionsofofficersoftheCompany,whichquestionswereansweredtoitssatisfaction.3.6RestrictiveLegend.EachcertificaterepresentinganyWarrantoranyWarrantSharesorothersecuritiesissuedinrespectoftheWarrantortheWarrantSharesuponastocksplit,stockdividend,recapitalization,merger,consolidationorsimilarevent,shall(unlessthereisineffectaregistrationstatementundertheSecuritiesActcoveringsuchproposedtransfer,suchsecuritieshavebeensoldunderRule144orasotherwisepermittedbytheprovisionsofSECTION4)andbestampedorotherwiseimprintedwithalegendsubstantiallyinthefollowingform(inadditiontoanylegendrequiredunderapplicablestatesecuritieslaws):THISWARRANTANDTHEWARRANTSHARESHAVENOTBEENREGISTEREDUNDERTHESECURITIESACTOF1933,ASAMENDED,ORANYAPPLICABLESTATESECURITIESLAWSANDMAYNOTBEOFFERED,SOLDORTRANSFERREDOROTHERWISEDISPOSEDOFUNLESSSOREGISTEREDORANEXEMPTIONTHEREFROMISAVAILABLE.THEWARRANTSHARESAREALSOSUBJECTTOTHEPROVISIONSOFACERTAINWARRANTPURCHASEAGREEMENTDATEDASOFTHEDATEHEREOF,INCLUDINGCERTAINRESTRICTIONSONTRANSFERSETFORTHTHEREIN.ACOMPLETEANDCORRECTCOPYOFSUCHAGREEMENTISAVAILABLEFORINSPECTIONATTHEPRINCIPALOFFICEOFTHECOMPANYANDWILLBEFURNISHEDUPONWRITTENREQUESTANDWITHOUTCHARGE.3.7ConfidentialInformation.ThePurchaserwillnotuseordivulgeanynon-publicinformationprovidedbyordevelopedforthePurchaserinconnectionwiththisAgreementortheLoanAgreement,whetherornotthisAgreementortheLoanAgreementremainsineffect,excepttotheextentthatthesameis,inthegoodfaithopinionofthePurchaser,compelledbylaws,regulations,rules,ordersorlegalprocessorproceedingsorisdisclosedto:(a)anyprospectiveparticipantinorassigneeoftheTermLoan(asdefinedintheLoanAgreement)whoagreestopreservetheconfidentialityofsuchnon-publicinformationtothesameextentasprovidedherein;(b)legalcounsel,examiners,auditorsanddirectorsofthePurchaserandexaminers,auditorsandinvestigatorshavingregulatoryauthorityoverthePurchaser;(c)anyentityutilizingsuchinformationtorateorclassifythePurchaser’sdebtorequitysecuritiesforsaletothepublicortoreporttothepublicconcerningtheindustryofwhichthePurchaserisapartyor(d)anypartyas,andonlytotheextentrequired,inconnectionwiththeexerciseofremediesbythePurchaserafterdefaultintheperformanceoftheCompany’spaymentorothermaterialobligationstothePurchaser.4.1RestrictionsonTransferability.NeithertheWarrantsnortheWarrantSharesshallbetransferableexceptupontheconditionsspecifiedinthisSECTION4,whichconditionsareintendedtoensurecompliancewiththeprovisionsoftheSecuritiesAct.ThePurchaserwillcauseanyproposedtransfereeoftheWarrantsortheWarrantSharesheldbythePurchasertoagreetotakeandholdsuchsecuritiessubjecttotheprovisionsandupontheconditionsspecifiedinthisSECTION4ifandtotheextentthatsuchsecuritiescontinuetoberestrictedsecuritiesinthehandsofthetransferee.4.2NoticeofProposedTransfers.TheholderofeachsecurityrepresentinganyoftheWarrantsortheWarrantSharesoranyothersecuritiesissuedinrespectoftheWarrantsortheWarrantSharesuponastocksplit,stockdividend,recapitalization,merger,consolidationorsimilarevent,byacceptancethereof,agreestocomplyinallrespectswiththeprovisionsofthisSECTION4.2.PriortoanyproposedtransferofanyRestrictedSecurities(asdefinedinSECTION4.3below),unlessthereisineffectaregistrationstatementundertheSecuritiesActcoveringtheproposedtransfer,theholderthereofshallgivewrittennoticetotheCompanyofsuchholder’sintentiontoeffectsuchtransfer.Eachsuchnoticeshalldescribethemannerandcircumstancesoftheproposedtransfer.IfrequestedbytheCompanywithinareasonabletimeafterreceiptofthePurchaser’snotice,thePurchasershallfurnishtotheCompanyeither(i)anunqualifiedwrittenopinionoflegalcounselwhoshallbereasonablysatisfactorytotheCompany(itbeingagreedthatin-housecounseltothePurchasershallbedeemedsatisfactorytotheCompany)addressedtotheCompanyandreasonablysatisfactoryinformandsubstancetotheCompany’scounsel,totheeffectthattheproposedtransferoftheRestrictedSecuritiesmaybeeffectedwithoutregistrationundertheSecuritiesAct,or(ii)anoactionletterfromtheCommissiontotheeffectthatthetransferofsuchsecuritieswithoutregistrationwillnotresultinarecommendationbythestaffoftheCommissionthatactionbetakenwithrespectthereto,whereupontheholderofsuchRestrictedSecuritiesshallbeentitledtotransfersuchRestrictedSecuritiesinaccordancewiththetermsofthenoticedeliveredbytheholdertotheCompany.Notwithstandingtheforegoing,noopinionofcounseltothePurchaserornoactionlettershallberequiredinconnectionwithatransferincompliancewithRule144AundertheSecuritiesActnorinconnectionwithanytransfertoanaffiliateofthePurchaserwhichexecutesanddeliverstotheCompanyandthePurchaserawrittenstatementcontaining,astosuchaffiliate,theinvestmentrepresentationsandotherrepresentationssetforthinSECTION3ofthisAgreement.Eachcertificate,warrantorothersecurityevidencingtheRestrictedSecuritiestransferredasaboveprovidedshallbeartheappropriaterestrictivelegendsetforthinSECTION3.6,exceptthatsuchcertificate,warrantorothersecurityshallnotbearsuchrestrictivelegendifthesecuritiesrepresentedtherebyhavebeensoldincompliancewithRule144or,intheopinionofcounselfortheCompany,suchlegendisnotrequiredinordertoestablishcompliancewithanyprovisionoftheSecuritiesAct.4.3CertainDefinitions.AsusedinthisAgreement,thefollowingtermshavethefollowingrespectivemeanings:CommissionmeanstheSecuritiesandExchangeCommissionoranyotherfederalagencyatthetimeadministeringtheSecuritiesAct.ExchangeActmeanstheSecuritiesExchangeActof1934,asamended,oranysimilarfederalstatuteandtherulesandregulationsoftheCommissionthereunder,allasthesameshallbeineffectatthetime.HoldermeansthePurchaserandanyholderofanyoftheWarrantsorofanyRegistrableSecurities(ashereinafterdefined)towhomtherightsgrantedunderthisSECTION4aretransferredaspermittedbythisAgreement.Thetermsregister,registeredandregistrationrefertoaregistrationforapublicofferingandsaleofsecuritiesoftheCompanyeffectedbypreparingandfilingaregistrationstatementincompliancewiththeSecuritiesActandapplicablerulesandregulationsthereunder,andthedeclarationororderingoftheeffectivenessofsuchregistrationstatement.RegistrableSecuritiesmeanstheWarrantSharesandanysharesofcapitalstockissuedinrespectofsuchsecuritiesuponanystocksplit,stockdividend,recapitalizationorsimilarevent;provided,however,thatRegistrableSecuritiesshallnotincludeanysharesofCommonStockwhichhavepreviouslybeenregisteredorsoldtothepublic.ForthepurposeofthisSECTION4,thetermRegistrableSecuritiesshallalsomeansharesofCommonStockoftheCompanywhichmaybeissuedpursuanttoanduponexerciseoftheWarrants.RestrictedSecuritiesreferscollectivelytothesecuritiesoftheCompanyrequiredtobearthelegendsetforthinSECTION3.6hereof.SecuritiesActmeanstheSecuritiesActof1933,asamended,oranysimilarfederalstatuteandtherulesandregulationsoftheCommissionthereunder,allasthesameshallbeineffectatthetime.4.4Piggy-BankRegistrationRights.UponexerciseoftheWarrant,thePurchasershallbeentitledtopiggy-backregistrationrightsgrantedtootherholdersofCommonStock,assetforthinthetermsandprovisionsofANNEXIhereto,provided,thatintheeventthatthenumberofsharestobeincludedinaRegistrationStatement(asdefinedinANNEXI)filedforanunderwrittenpublicofferingislimitedbytheleadmanagingunderwriter,WarrantSharesmaynotbeincludedinsuchofferingunlessallShares(asdefinedinANNEXI)desiredbyShareholders(asdefinedinANNEXI)tobeincludedthereinhavebeensoincluded,andintheeventtheWarrantSharesaretobeincluded,theyshallbeincludedonaproratabasisbasedonthenumberofsharestheholdersofwhicharesimilarlysituated(including,withoutlimitation,warrantholderswhichprovidefinancingtocharterschoolpartnersoftheCompany).4.5Rule144andRule144ARequirements.WithaviewtomakingavailablethebenefitsofcertainrulesandregulationsoftheCommissionwhichmaypermitthesaleoftheRestrictedSecuritiestothepublicwithoutregistration,theCompanyagreesto:(a)AtalltimeswhentheCompany’sCommonStockispubliclytraded,useitsreasonableeffortsatalltimestomakeandkeeppublicinformationavailableasthosetermsareunderstoodanddefinedinRule144undertheSecuritiesAct;(b)AtalltimeswhentheCompany’sCommonStockispubliclytraded,useitsreasonableeffortstofilewiththeCommissioninatimelymannerallrepo