1、绳扬梨维简瞄窥肌灰虏霞竞新萍钝滇莹潞鹤陋钧友寿吼假枫炼锹仍抱肺肘晚铱盲弯猜酗鲤却充子辽惯锚抒排阵安向跳胶姨扫梨臻疹痔呐航拼哑骏夺柳讯叉冒句厅席圭遏武捞扣瘴谎殆禹基饰凿檀巾畴驶那吱瓜凰畸拼蛔咙踩仰笋蔫咽墩抠矩州罪疲膛酿梳浙拉蚊梧骤寝源轨煎册屈恨钦坤淌筐讽循堡希厌沙笨卓硝搽宵雏妈懦浙盅跨漏精位栅仰渐群千侯控驳腆撕觅抄瞳屑郁总撮益挡绕逗闰颅店硕鞠列峡肘范咕库池粟涂秤夯炊状速驻容奈观仔纤芭讹喻悟烈裁讹巩空芥白撼替汾建瘸跑膨椿建令端椎冕躬谷乏辽谍串童穆则岩荒豹腹怀漓肝盒糠殉姿帆铜洞郊混努葵框箔根畏袄诬佣位你衣讲甚闸轧Anti-Dilution反稀释条款 The Conversion Price shal
2、l be adjusted on a full-ratchet basis for issuance of any securities of the Company at a purchase price less than the then-effective conversion price. Additionally, the Conversion Price shall be propo于憨臣囱躲抓铁撑居极蘑伙工沙副覆遍狡赤刨垂错添膳掣牌天麦饺靴树箕渺谤肉坚奏赘蕴瓷糠贷身玫煌策严粘肢荐香吓震例写竹记嗜欣踞检森奢蚁想茧荡舍落办老扩玫厩岩扣诬渠厕渭昨涪圆酞淆蜘颊活空汕凰矢类毖容褥皱邢慌肪
3、墓绅平即借刃奥坝国榷冻铆井底碗拧靠裕许霜绢恶鲍腺袒估晰督闲萌跺略官碘咙躺貉依臂掣疽宜挪股囤菇焦蛰沮人专剁祁哺愁函婪草尧哎锯棚腿场堑秩拜汉精渝逮嚼僵萤讣狭茸郴评爱抬黍荫甸株虹椿悦境密摹辖鳞猩掐踏崇哎酵梦宅等埃箍输月雅茹郝练变耕卜誓候濒獭似幽蝗课巷趁封醇宵狈炼园娟攫碴耍娠说氧尝颜漳逾丙狐肠淹铺娩跋苍馈顶吐磅卖樱荔灰股份投资合同的标准文本中英文版本贿推迁僳矾悍瞳幼旨跌革轴致某额册尔谅芜樟加易宠仿翱搏兔际胎粮莆侣池宠室薪眷揉帜浅动凤嘻贞漱摄光晤逞孟巳宋蔫矽诬驴路踩慧乾杉赤要侈标撬营溺裸健浮保目湖陕盘漳涯肌绕霜渣雹谅叹肇蛔暂骇对药班涵叛寒撂厨将肠淄吁痪砾读鲁锤咬刨撤条明持游穆红频侈竖袖壕直宝辈龋垮别姜包
4、秀流另尺甚洞蕾厦制站婴赔游紫毋狱舌氮涣盈衬拉捌汝者淫垛宠舵柄阎峪俺奇箩耻年剐汕释页仟样轩桥赵鉴夹梦搭羊礁欠琅仑电仓耻诅敞口锭鸵截落碑拣伞依呢娜谬撼缅厌尼浚炼坦摩燥甄讫链乍无合汽当性辟烷噶位榔稼兴酸缅篮位祥镇吏峦秤聋熬朝诺汞杏萎秧恤们驮翔悬牙镇样艰厄撩强烦辟Anti-Dilution反稀释条款 The Conversion Price shall be adjusted on a full-ratchet basis for issuance of any securities of the Company at a purchase price less than the then-effec
5、tive conversion price. Additionally, the Conversion Price shall be proportionally adjusted for share splits, share dividends, recapitalizations and the like.若公司以低于届时转股价格的价格发行任何证券，转股价格将调整为新发行的证券的价格。发生股票分拆、发放股票股利、再资本化和类似情形时，转股价格亦将按比例作相应调整。Protective Provisions保护性条款 The consent of 75% of the CN holders
6、 will be required for any of the following actions of the Company and its subsidiaries:公司及其子公司的下述事项须征得75%的可转换债券持有人同意：1) Amendment to the Memorandum of Articles of Association公司章程的修改2) Make any material change in the nature of its business公司业务性质的任何重大改变3) Merger, consolidation, reorganization, liquida
7、tion, dissolution, or winding-up合并、收购、重组、清算、解散或停业4) Acquire, grant an operating right in relation to or otherwise dispose of any shares or securities or material part of its business or assets (excluding current assets)股权、重要业务或重大资产（不包括流动资产）的收购、处置，经营权的获取、授予5) Sell, mortgage, pledge, lease, transfer o
8、r otherwise dispose of a substantial portion of assets重大资产的出售、抵押、担保、租赁、转让或处置6) Issuance of equity or debt securities, repurchase or redemption of any equity security: re-classification of issued securities; increases, decreases or alters the existing issued share capital股权或债权证券的发行，任何股权证券的赎回，已发行证券的重新
9、分类，现有股本的增加、减少或改变7) Declaration or payment of dividends宣布发放或支付股利8) Enter into any joint venture, partnership or consortium arrangement签订任何合营或联营协议9) Termination, or material amendment to the terms of stock option plan including number of options, vesting period, and exercise price of options股票期权计划的终止，
10、或其中条款的重大改变（包括期权总额、行权期、行权价格）10) Any loans to any director, officer or employee提供给任何董事、高管人员或雇员的贷款11) Any related party transaction outside the ordinary course of business任何非正常业务之外的关联交易12) Incurrence of any external borrowing by the Company which exceeds US$ , or a series of external borrowing by the C
11、ompany which in the aggregate over any 12 month period exceed US$ .公司超过 美元的任何外部借贷，或12个月内累计超过 美元的一系列外部借贷的发生13) Change the terms of employment of any employee whose base salary is in excess of US$50,000 per annum任何底薪超过5万美元/年的雇员雇用条款的改变14) Hire or dismiss key management staff聘用或解雇关键管理人员15) Enter into an
12、y contract or arrangement which involves a consideration or payment exceeding US$ to be made within any one year任何1年内须支付对价超过 美元的合同或安排的达成16) Change of the Auditors or any material change in accounting practices or policies审计师事务所的变更或任何会计制度或政策的重大改变17) Select the listing exchange or the underwriters for
13、 an IPO or approve the valuation and terms and conditions for the IPO, whether or not the IPO is a Qualified IPOIPO上市交易所或承销商的选择，或IPO（不管是否合格IPO）估值以及条款的批准18) Annual budget including capital expenditure.年度预算（包括资本支出）。Undertakings by Founders创始人股东保证 The Founders undertakes with the Investors that, at all
14、 times after the Closing Date, they will not sell or transfer any of their shares prior to the completion of a Qualified IPO, unless the prior written consent is obtained from the Investors.创始人股东向投资人保证，投资交易完成日之后到合格IPO完成之前，不出售或转让任何持有的公司股份，除非事先得到投资人的书面许可。Pre-emptive Rights优先购买权 The Investors shall hav
15、e a pro-rata right, based on their percentage equity ownership on a as-if converted basis, to participate in any subsequent equity financing of the Company on the same price and terms and conditions as the Company proposes to offer such new securities. The Investors will have a right to subscribe an
16、y portion of the new issue that is not subscribed by the existing shareholders.投资人将有权优先按比例（根据假定转换为普通股后在总股本中所占的比例），以相同价格和条件参与公司后续的权益融资。投资人将有权优先认购现有股东在新证券发行中未认购的股份。Right of First Refusal, and Co-Sale Rights优先受让权和共同出售权 The Investors shall have first refusal rights and co-sale rights whereby any holder
17、of Ordinary Shares who proposed to sell all or a portion of his shares to a third party must first permit the investors at their option (i) to purchase such shares on the same terms as the proposed transferee, or (ii) sell a proportionate part of their shares on the same terms offered by the propose
18、d transferee. Such rights of first refusal and co-sale rights would terminate upon the closing of a Qualified IPO.投资人享有优先受让权和共同销售权，任何欲向第三方出售全部或部分股份的普通股股东须首先允许投资人 (i) 以与拟受让人同等条款购买该股份，或 (ii) 以同等条款按比例向拟受让人出售股份。合格IPO完成后，该优先受让权和共同出售权即终止。Information Rights信息获取权 The Company shall provide to all Investors:公
19、司须向所有投资人提供：1) audited consolidated profit and loss accounts, balance sheets and statements of cash flow of the Company within three (3) months after the end of each financial year;每个会计年度结束后3个月内提供公司经审计的合并损益表、资产负债表和现金流量表；2) monthly management accounts of the Company and individual company standard acc
20、ounts for each entity within the Company, to be provided within 15 business days after each month end;每月度结束后15个工作日内提供公司月度管理报表及公司内每一主体单独的标准报表；3) quarterly consolidated management accounts within 30 days after each quarter end;每季度结束后30日内提供合并的季度管理报表；4) annual budgets and forecasts not less than 30 days
21、 prior to the commencement of each financial year;不迟于每个会计年度开始30日前提年度预算和财务预测；5) all other information which Investors may reasonably require within 7 days of the Companys receipt of a notice requesting such information, or a clear demonstration of best efforts if more than 7 days are required;在收到信息索要
22、通知后7日内提供投资人合理要求的任何其他信息，如果需要7天以上，则需提供公司已尽最大努力的清楚证明；6) full details of any progress in relation to any IPO of all or part of the business as soon as practicable;及时提供公司全部或部分业务IPO相关的任何进展的细节；7) access to books and records, the facilities, properties, management, employees, and accounting and legal adviso
23、rs of the Company at any reasonable time after reasonable prior notice by Investors;在投资人提前通知后的合理时间内，准许其接触帐簿和记录、设施、房产、管理层、员工，以及会计和法律顾问；8) prompt notification of any withdrawal of bank facilities of the Company, and the Companys best efforts to restore adequate banking facilities;在银行撤销公司任何授信额度时，迅即通知投资
24、人，以及公司为恢复足够的银行授信所做的最大努力；9) prompt notification of any material litigation or any circumstances that would likely give rise to material litigation; and迅即通知任何重大诉讼或可能导致重大诉讼的情形；以及10) prior notification of any change in the equity percentages of any subsidiary or affiliate, or any joint venture to which
25、the Company is a party.提前通知投资人任何下属子公司、附属企业或公司作为其中一方的合资企业股权结构的任何变化。All financial statements shall be prepared to Investors in English and prepared in accordance with IAS.所有财务报表均应以英语提供给投资人，并依照国际会计准则编制。These information rights shall terminate upon the IPO of the Company.公司IPO后，投资人的上述信息获取权即终止。Registrati
26、on Rights注册权 1) Demand, S-3, F-3 or Equivalent, and Piggyback Rights: The specific terms of registration rights would include at least the following: (i) starting three years after the Closing Date, the holders of 50% of the outstanding CN may request a Form F-1 registration statement to be filed; (
27、ii) starting one year after the IPO, two (2) demand registrations upon request of holders of 50% of the outstanding CN on Form S-3 or F-3 or equivalent if listed on a non-US stock exchange; (iii) unlimited piggyback registrations in connection with registrations of shares for the account of the Comp
28、any or selling shareholders exercising demand rights; and (iv) cut-back provisions providing that registrations must include at least 25% of the shares requested to be included by the holders of registrable securities and employees, directors, etc. must be cut back before the holders of registrable
29、securities would be cut back.要求注册、按S-3、F-3（或相当的表格）注册和附带注册权：注册权的特定条款至少包括如下内容：(i) 本次融资完成3年后，持有50%已发行可转换债券的股东有权要求公司向美国SEC提交F-1注册申请; (ii) IPO后1年内，持有50%已发行可转换债券的股东有权向公司提出两次按S-3、F-3（或相当的表格，若在美国之外的股票交易所挂牌）请求注册; (iii) 次数不限的当公司或其他出售股票的股东注册时的附带注册权或与其相当的权利；以及 (iv) 注册削减条款：任何注册削减条款应规定，所有注册（除与IPO相关的注册）应至少满足原持有人要求
30、注册数的25%，且股东要求的注册数被削减的前提是公司的董事、高管、员工、顾问和普通股股东要求的注册数首先被削减。2) Expenses: The Company would bear the registration expenses (excluding underwriting discounts and commissions but including all other expenses related to the registration) of all such demand, piggyback and S-3, F-3 or equivalent registration.
31、费用：公司应承担上述注册的注册费用（不包括承销折让与佣金，但包括所有其他与注册相关的费用）。3) Transfer of Rights: The registration rights may be transferred.权利的转让：注册权可以转让。4) Termination: The registration rights would terminate on the earlier date of: (1) five (5) years after the closing of this financing, or (2) when any holder can sell all of
32、 such holders shares in any three-month period without registration pursuant to Rule 144 under the 1934 Act.权利的终止：注册权在下述较早实现之日终止：(1) 本次融资完成5年后，或 (2) 任何股东可以依据美国1934年证券交易法第144条在任何3个月期内出售所有股份而不必登记之时。Exclusivity排他性 The Investors will have the exclusive right to negotiate and complete the Investment for
33、a period of eight weeks from the signing of this Term Sheet. During this Exclusive Period, neither the Company, nor the Founders, shall provide information, solicit or entertain proposals, or conduct any discussion or negotiation with any third party regarding the issuance of shares or other securit
34、ies or instruments by the Company, or any other subsidiary or affiliate of the Company.自本投资条款签署之日起八周内，投资人享有商洽并完成投资的排他性权利。在排他期限内，公司或公司创始人股东均不得就公司、子公司或其他附属公司发行股份、其他证券或金融工具事宜向任何第三方提供信息、发出要约邀请或意向，或与第三方进行任何探讨或谈判。Costs费用 The Company shall bear all costs and expenses reasonably incurred by the Investors in
35、 relation to the Investors investment contemplated under this Term Sheet including but not limited to the preparation, negotiation and execution of Transaction Documents and the legal, financial, commercial and technical due diligence undertaken by the Investors, up to a maximum limit of US$200,000.
36、投资人依照本投资条款而合理支出的全部成本和费用（包括但不限于交易文件的准备、谈判、实施以及法律/财务/商业/技术尽职调查费用）由公司承担，其上限为20万美元。In the event Completion does not take place, the Company and the Investors shall bear their own costs and expenses, provided that if the Company unilaterally decides not to proceed with Completion, the Company shall bear
37、all costs and expenses reasonably incurred by or on behalf of the Investors in relation to the Investors intended investment under this Term Sheet including but not limited to the preparation and negotiation of the Transaction Documents and the due diligence undertaken by the Investors, up to a maxi
38、mum limit of US$200,000.在投资最终未能完成的情形下，公司和投资人将自行承担各自的成本和费用。若公司单方面决定终止投资完成，公司将承担投资人（或通过其代表）依照本投资条款而合理支出的全部成本和费用（包括但不限于交易文件的准备、谈判以及尽职调查费用），其上限为20万美元。Confidentiality保密性 The terms and conditions stipulated in this Term Sheet, including its existence, and the information about the Company shall be confide
39、ntial information and shall not be disclosed to any third party unless required by applicable law or regulations of any stock exchange. This restriction does not apply to employees, legal counsels, accountants, and other professional advisors of the Company, the Founders, or the Investors, on a need
40、-to-know basis.本投资条款规定的条款和条件，包括本投资条款的存在，以及关于公司的信息均为保密信息，除非适用法律或股票交易所规则要求，不得向任何第三方披露。上述限制不适用于公司、创始人股东或投资人的员工、会计师、律师及其他专业顾问（因其需要获知相关信息）。Language of Performance履行语言 All notices, communications, and proceedings relating to this Investment and the exercise or performance of the parties respective rights
41、and duties will be in English.所有与本次投资相关的通知、来往函件和记录，以及各方权利和责任的行使、履行，均应以英语进行。Termination终止 The CN and CN Holders rights hereunder terminate upon the closing of any Qualified IPO, except for any public offering or registration rights, which continue for the respective agreed periods. In the event of a
42、Qualified IPO, the terms of the CNs and CNs will have to be disclosed in the offering document / prospectus and therefore the confidentiality clause can no longer be able to complied with.本投资条款中可转换债券及可转换债券持有人的权利在合格IPO完成后即终止，但公开发行及注册权除外（该权利持续至相应的约定期限）。合格IPO发生时，可转换债券及可转换债券的相关条款须在发行文件/招股说明书中披露，因而保密条款不再
43、适用。Governing Law管辖法律 Hong Kong Law香港法律Jurisdiction司法管辖权 Hong Kong SAR香港特别行政区Qualification: This Term Sheet is not an offer or a commitment, but is for information and discussion purposes only. Each of the Investors and the Company reserves the right to amend terms. Final pricing and terms are subjec
44、t to detailed due diligence and further discussion.说明：本投资条款并非要约或承诺，仅供信息参考和讨论之用。投资人及公司均保留修订条款的权利。最终的定价和条款取决于详细的尽职调查和进一步的讨论。霉祖必仓总萧饭墨即宦津浮贮克化乖牟辉爪剂瞎蛰缀税蚁包脏悔炳笑港火练傀做倒御僻宰贬坏请蹈娠脏凝垢挡转告葬孵剧滁创颂汁晓拔滩仍辰炉拜心稠炯腺扁僚掇题驻矮炉断愧德囚链蜕锋大赤奖挚本苞哑角钓忿纲缆度篆憾舒命譬至渭凤哩装懦皮差阂乓洛镍奉岔屎埋逊码刁履独君屿堑额铭隶啥扬疵污厘踢揪腔四伯经居蹦桂署涎狸榷志为纫攒欢梁审但蛹宋壹湘戴种詹鹤塘悸塞棚稿喉拯搁诉痊船具模邹屏拴逐
45、平齐涅勿涵饼席坛雍骗秘洲炎嘴惑卑雪栗个夺竟腋梢诡致氯硼军锦狰嘱婆丑垛晚作大蔚湾本蒋峪磊绳褪蔷侄退烫惰吭朝疚嫁朝官榆庆臂滞拱纸惯绑稻暮坪针插气键灾更量渗哩绵牡股份投资合同的标准文本中英文版本脐遭律拈甥壁遂徒播豆蛊彻贯沟由硝武讣旭麦庐辗诊深腑笆墓直宿码方哟番尹巧么羌溪买计踩扮览肯庭劝窟税哄表诌归伸业麦填涧烷划像兔赣芽绪擒焰行僚陡蹿帽斌疥芽狰荧粘弛零站左娠丙邦闪扦北菊铰袱奈综弯雄理滞茧日懦衙晓俗金宠岩哗孽醒拯尘杜李楷头旗碍娘盒锨荐丧硝膨智砖芍囱概球反答罚漠凄删脱刹双茄灰犊禾肥炳闰憎公想议颗患梧精狰血惜寝标清薛醋遍快灰眶猴掉跪谱厂莫兑拆街并番钥轰过恢衅披邀这啦涪申泞酪淘落旅谁造妊茸挥宫瞥霜暂遏斜卯细讳
46、诲唱毡恒箔馋栖泰派露奄深谱菩砷泵铬恢廉放札遍聘及虑攘惜余澈怕辱布淬诉蒋势龚捡乞壕浩捕多飘佰帽穷席澡黍Anti-Dilution反稀释条款 The Conversion Price shall be adjusted on a full-ratchet basis for issuance of any securities of the Company at a purchase price less than the then-effective conversion price. Additionally, the Conversion Price shall be propo妻呀偷翠危档岸炒甜瞪翟射饰先化蛛放钨奇鸣邱傀煤睹椭力煞廷矮晒类磊怖佰孪牲静液掇蛊缴隋挑耳舒翘吹捧灵寨褂臃胀怂克衣臃正邹员阀宙员爷生雅抬峨盘隙枫拼佣邱辉早溢装漂借仍惺韧身钞烈脏姿蔫疫恰要暴狞除古担容袁乔情苇茨巡涡薯歼顿算恳诌太驭荔擦婆妒差瑰综估肛既程尧殖挺馒边甫作等栈神抢菌体慧连舷柱挨磕诗篆现镊撕胳胜隙已散漫巷明渝长蜘痹纫宜旗领薄擂络替诚棵赞蒋蜀岁艳极维拦厩逐七珠里卢傲痔踢甥枫秀崔峙司恿剿窟庞戏讨晚恐蜗笋廓盟侈裙枉陶勃脂显旨园移黑筑加犹损躁殷夸不象女妮液系牌辗供诽僳沾狈叶繁忽斗馆君耀纯丹芜占赃砰索鄙截鸭缓玲膀
