风险投资中的条款清单（样本）
中文
[____]公司A系优先股融资
条款清单
[______，200___]
本条款清单概括了_______公司，一家[特拉华]公司（“公司”）A系优先股融资的主要条款。考虑到涉及此项投资的投资人已投入和将投入的时间和成本，无论此次融资是否完成，本条款清单之限制出售/保密条款、律师及费用条款对公司都具有强制约束力。未经各方一致签署并交付的最终协议，本条款清单之其他条款不具有强制约束力。本条款清单并非投资人进行投资的承诺，其生效以完成令投资人满意的尽职调查、法律审查和文件签署为条件。本条款清单各方面受[特拉华州]法律管辖。
英文
TERM SHEET
FOR SERIES A PREFERRED STOCK FINANCING OF
[INSERT COMPANY NAME], INC.
[ __, 200_]
This Term Sheet summarizes the principal terms of the Series A Preferred Stock Financing of [___________], Inc., a [Delaware] corporation (the “Company”). In consideration of the time and expense devoted and to be devoted by the Investors with respect to this investment, the No Shop/Confidentiality and Counsel and Expenses provisions of this Term Sheet shall be binding obligations of the Company whether or not the financing is consummated. No other legally binding obligations will be created until definitive agreements are executed and delivered by all parties. This Term Sheet is not a commitment to invest, and is conditioned on the completion of due diligence, legal review and documentation that is satisfactory to the Investors. This Term Sheet shall be governed in all respects by the laws of the [State of Delaware].
Offering Terms
出资条款：
交割日：
当公司接受此条款清单且交割条件完备时即尽快交割（“交割”）。（若需要多次交割，请与此写明。）
投资人1: [ ]股（[ ]%），$[ ]
投资人2: [ ]股（[ ]%），$[ ]
[以及投资人和公司一致同意的其他投资人]
Closing Date:
As soon as practicable following the Company’s acceptance of this Term Sheet and satisfaction of the Conditions to Closing (the “Closing”). [provide for multiple closings if applicable] Investor No. 1: [_______] shares ([__]%), $[_________]
Investor No. 2: [_______] shares ([__]%), $[_________]
[as well other investors mutually agreed upon by Investors and the Company]
投资人：
Investors:
融资金额：
每股价格：
$[ ]，[含由过渡贷款转换的本金及
利息＄[ ]1
$[ ] 每股 （以下文所列公司资本结构表为依据）(“原始购买价”）
原始购买价以充分稀释融资前估价$[_____]和融资后估价$[_____]为基础计算(含充分稀释的融资后资本中员工股预留[ ]％)
Amount Raised:
$[________], [including $[________] from the conversion of principal [and interest] on bridge notes].1
融资前估价：
Price Per Share: $[________] per share (based on the
capitalization of the Company set forth below) (the “Original Purchase Price”). Pre-Money Valuation:
The Original Purchase Price is based upon a fully-diluted pre-money valuation of $[_____] and a fully-diluted post-money valuation of $[______] (including an employee pool representing [__]% of the fully-diluted post-money capitalization).
The Company’s capital structure before and after
资本结构表：
1
Capitalization:
交割前后公司资本结构表请见附件一。
Modify this provision to account for staged investments or investments dependent on the achievement of milestones by the Company.
股息分配：
the Closing is set forth as Exhibit A.
公司章程
2
Dividends:
CHARTER2
[Alternative 1: Dividends will be paid on the Series A Preferred on an as-converted basis when, as, and if paid on the Common Stock] [Alternative 2: Non-cumulative dividends will be paid on the Series A Preferred in an amount equal to $[_____] per share of Series A Preferred
[可选方案1: 当普通股分配股息
时，A系优先股按视为转换成普通股参与分配]
[可选方案2: 经董事会宣布，A系
优先股以每股＄[ ]分配
The Charter is a public document, filed with the [Delaware] Secretary of State, that establishes all of the rights, preferences, privileges and
restrictions of the Preferred Stock. Note that if the Preferred Stock does not have rights, preferences, and privileges materially superior to the Common Stock, then (after Closing) the Company cannot defensibly grant Common Stock options priced at a discount to the Preferred Stock.
2
非累积性股息]
when and if declared by the Board.]
[Alternative 3: The Series A Preferred will carry an annual [__]% cumulative dividend [compounded annually], payable upon a liquidation or redemption. For any other dividends or distributions, participation with Common Stock on an as-converted basis.] 3
[可选方案3: A系优先股按年利率[ ]%分配累积性股息[按年度计算复利]，于公司清算或赎回股份时可分配。其他股息或分红，按视为转换成普通股参与普通股分配]。3
In some cases, accrued and unpaid dividends are payable on conversion as well as upon a liquidation event. Most typically, however, dividends
are not paid if the preferred is converted. Another alternative is to give the Company the option to pay accrued and unpaid dividends in cash or in common shares valued at fair market value. The latter are referred to as “PIK” (payment-in-kind) dividends.
3
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：