Warrant Purchase Agreement擔保買賣協(xié)議

-26-WarrantPurchaseAgreement擔保買賣協(xié)議核心提示：THISAMENDEDWARRANTPURCHASEAGREEMENT(theAgreement)ismadeasof_________,_________,_________(M/D/Y),byandbetweenTHEAAAINC.,aDelawarecorporation(theCompany)andTHEBBB,aCaliforniacharitabletrust(thePurchaser).WHEREAS,theCoTHISAMENDEDWARRANTPURCHASEAGREEMENT(theAgreement)ismadeasof_________,_________,_________(M/D/Y),byandbetweenTHEAAAINC.,aDelawarecorporation(theCompany)andTHEBBB,aCaliforniacharitabletrust(thePurchaser).WHEREAS,theCompanydesirestosell,andthePurchaserdesirestopurchase,awarrantintheformattachedheretoasExhibitA(theWarrant)topurchaseuptoNUMBER:_________shares(theWarrantShares)oftheCompany’sSeriesDConvertiblePreferredStock,parvalue$_________pershare(theSeriesDPreferred)atapricepershareof$_________andsubjecttothetermsandconditionssetforthherein.NOW,THEREFORE,inconsiderationofthemutualpromisescontainedherein,thepartiesheretoagreeasfollows:1.PURCHASEOFTHEWARRANT.ThepurchaseandsaleoftheWarrant(theClosing)shalltakeplaceat10:00AMattheofficesofADDRESS:_________on_________,_________,_________(M/D/Y)oratsuchothertime,placeanddateastheCompanyandthePurchaseragree(theClosingDate).AttheClosing,(i)eachoftheCompanyandthePurchasershallexecuteanddeliverthisAgreement,(ii)theCompanyshallissuetheWarranttothePurchaserand(iii)thePurchasershallpaytotheCompanyinimmediatelyavailablefunds,TwoMillion,FiveHundredThousandDollars($_________,thePurchasePrice).AlsoattheClosing,theCompanyshalldelivertoPurchaseranOpinionofCounselintheformattachedheretoasExhibitB.TheexecutionanddeliveryofthisAgreementandtheClosingshallbesimultaneousinthatneithertheexecutionanddeliveryofthisAgreementnoranyeventrequiredbythetermshereoftooccurattheClosingshallbedeemedtohaveoccurreduntilsuchexecutionanddeliveryhaveoccurred,andwhensuchexecutionanddeliveryandallsucheventshaveoccurred,theyshallbedeemedtohaveoccurredsimultaneously.2.REPRESENTATIONSANDWARRANTIESOFTHECOMPANY.TheCompanyherebyrepresentsandwarrantstothePurchaserthatasoftheClosingDate:(a)Organization.CorporatePowerandLicenses.TheCompanyisacorporationdulyorganized,validlyexistingandingoodstandingunderthelawsoftheStateofDelawareandisqualifiedtodobusinessineveryjurisdictioninwhichthefailuretosoqualifywouldreasonablybeexpectedtohaveamaterialadverseeffectontheCompany.TheCompanypossessestherequisitecorporatepowerandauthorityandallmateriallicenses,permitsandauthorizationsnecessarytoownandoperateitsproperties,tocarryonitsbusinessesasnowconductedandpresentlyproposedtobeconductedandtocarryoutthetransactionscontemplatedbythisAgreement.(b)CapitalStock.ThecapitalstockoftheCompanyconsistsof:(i)_________sharesofcommonstock,parvalue$_________pershare(collectively,theCommonStock)ofwhich(A)_________shareshavebeendesignatedSeriesACommonStock,_________sharesofwhichareissuedandoutstanding,_________sharesofwhicharereservedforissuanceuponconversionoftheoutstandingsharesofpreferredstockoftheCompany(givingeffecttotheissuanceoftheSeriesDPreferredtobeissuedpursuanttotheSubscriptionAgreementdated_________,_________,_________(M/D/Y)amongtheCompanyandtheInvestorsnamedtherein,asamendedfromtimetotime(theSubscriptionAgreement)),and_________sharesarereservedforissuanceuponexerciseoftheoptionsandwarrantsoftheCompanycurrentlyoutstanding,(B)onesharehasbeendesignatedasSeriesBCommonStock,whichshareisissuedandoutstanding,(C)onesharehasbeendesignatedasSeriesCCommonStock,whichshareisissuedandoutstanding,(D)onesharehasbeendesignatedasSeriesDCommonStock,whichshareisissuedandoutstanding,(E)onesharehasbeendesignatedasSeriesECommonStock,whichshareisissuedandoutstanding,(F)onesharehasbeendesignatedasSeriesFCommonStock,whichshareisissuedandoutstanding,(G)onesharehasbeendesignatedasSeriesGCommonStock,whichshareisissuedandoutstanding,(H)onesharehasbeendesignatedasSeriesHCommonStock,whichshareisissuedandoutstanding,and(I)_________shareshavebeendesignatedasNon-VotingCommonStock,noneofwhichisissuedandoutstandingandallofwhichisreservedforissuanceuponconversionoftheNon-votingSeriesEConvertiblePreferredStockand/orSeriesACommonStock;and(ii)_________sharesofPreferredStock,parvalue$_________pershare(collectively,thePreferredStock)ofwhich(A)_________shareshavebeendesignatedSeriesAConvertiblePreferredStock(theSeriesAStock),_________sharesofwhichareissuedandoutstandingand_________ofwhicharereservedforissuanceuponexerciseofwarrantsissuedtoComdisco,Inc.,(B)_________shareshavebeendesignatedSeriesBConvertiblePreferredStock(theSeriesBStock),ofwhich_________sharesareissuedandoutstanding,(C)_________shareshavebeendesignatedSeriesCConvertiblePreferredStock(theSeriesCStock),ofwhich_________sharesareissuedandoutstanding,(D)_________shareshavebeendesignatedSeriesDPreferred,ofwhich_________sharesareissuedandoutstanding,and_________sharesarereservedforissuancepursuanttotheSubscriptionAgreementand(E)_________shareshavebeendesignatedNonVotingSeriesEStock,nosharesofwhichareissuedandoutstandingandallofwhicharereservedforissuanceuponconversionofSeriesDPreferred.Therights,privilegesandpreferencesoftheCommonStockandPreferredStockareasstatedintheAmendedandRestatedCertificateofIncorporationoftheCompanydatedasof_________,_________,_________(M/D/Y),asamended.(c)Pre-emptiveandOtherRightstoPurchaseStock.Otherthanassetforthabove,thepre-emptiverightscontainedintheCompany’sAmendedandRestatedShareholders’Agreementdatedasof_________,_________,_________(M/D/Y),asamendedfromtimetotime(theShareholdersAgreement),therightsoftheInvestorsundertheSubscriptionAgreementandasprovidedherein,(i)theCompanydoesnothaveoutstandinganycapitalstockorothersecuritiesconvertibleintoorexchangeableforanysharesofitscapitalstock,(ii)nopersonhasanyright(contingentorotherwise)againsttheCompanytosubscribefororpurchaseanycapitalstockorothersecuritiesconvertibleintoorexchangeableintocapitalstockoftheCompanyand(iii)theCompanyisnotsubjecttoanyobligation(contingentorotherwise)torepurchaseorotherwiseacquireorretireanysharesofitscapitalstockoranyothersecuritiesconvertibleintoorexchangeableforanysharesoftheCompany’scapitalstock.(d)ValidIssuance.AllsharesoftheCompany’sstockare,anduponissuanceinaccordancewiththisAgreementandtheWarrant,theWarrantShareswillbe(i)dulyandvalidlyissued,(ii)fullypaidandnonassessable,(iii)exceptassetforthintheShareholdersAgreement,freeofanyliens(asdefinedbelow)otherthanthosecreatedbytheownerthereof,and(iv)issuedincompliancewithallapplicablefederalandstatesecuritieslaws.(e)Authorization;NoBreach.Theexecution,deliveryandperformanceofthisAgreementandtheWarrantandtheissuanceoftheWarrantSharesasprovidedhereinandthereinhavebeendulyauthorizedbytheCompany.EachofthisAgreementandtheWarrantconstitutesavalidandbindingobligationoftheCompany,enforceableagainsttheCompanyinaccordancewithitsrespectiveterms,exceptastheenforceabilitythereofmaybelimitedbybankruptcy,insolvencyorothersimilarrightsgenerallyaffectingtheenforceabilityofcreditorsrightsorbygeneralprinciplesofequity.TheexecutionanddeliverybytheCompanyofthisAgreementandtheWarrant,theoffering,saleandissuanceoftheWarrant,theissuanceoftheWarrantSharesuponexerciseoftheWarrant,andthefulfillmentofandcompliancewiththerespectivetermshereofandthereofbytheCompany,donotandshallnot(i)conflictwithorresultinabreachoftheterms,conditionsorprovisionsof,(ii)constituteadefaultunder,(iii)resultinthecreationofanylien,securityinterest,chargeorencumbranceupontheCompany’scapitalstockorassetspursuantto,(iv)giveanythirdpartytherighttomodify,terminateoraccelerateanyobligationunder,(v)resultinaviolationof,or(vi)requireanyauthorization,consent,approval,exemptionorotheractionbyornoticeordeclarationto,orfilingwith,anycourtoradministrativeorgovernmentalbodyoragencypursuantto,thecharterorbylawsoftheCompanyoranysubsidiary,oranylaw,statute,ruleorregulationtowhichtheCompanyoranysubsidiaryissubject,oranyagreement,instrument,order,judgmentordecreetowhichtheCompanyoranysubsidiaryissubject.(f)Subsidiaries.Schedule3(f)setsforththesubsidiariesoftheCompany,thejurisdictionoforganizationofeachsubsidiary,itssharesofcapitalstockorpartnershipinterestsoutstanding,andtherecordandbeneficialownerofsuchsharesorinterests.Exceptforthesubsidiaries,theCompanydoesnotownorcontrol,directlyorindirectly,anypartnershipinterests,stockorotherequityinterestsinanycorporation,partnershiporotherentityoranyvotingrightsorrighttocontrolthepoliciesanddirectionofanycorporation,partnershiporotherentity.Therearenooutstandingoptions,warrants,subscriptions,agreementsorotherrightsforthepurchaseoracquisitionfromtheCompanyoranysubsidiaryofanysharesofcapitalstockorothersecuritiesofanysubsidiary.(h)Broker’sFees.NopersonorentityactingonbehalforundertheauthorityoftheCompanyisorwillbeentitledtoanybroker’s,finder’s,orsimilarfeeorcommissioninconnectionwiththetransactionscontemplatedhereby.(i)SegregationandUseofProceeds.ItisthePurchaser’sintentioninpurchasingtheWarrantthattheproceedsbeusedtoenabletheCompanytoprovideeducationalservicestoselectedschools(eachapprovedinadvancebythePurchaser)inlowpercapitaexpenditurepublicschooldistrictstowhichtheCompanywouldnototherwisebeabletoextenditsserviceswithoutfinancialsupportbeyondthatavailablefromtheschooldistrictandthatforwhichtheCompanyispreparedtoexpenditsgeneralfunds.Inordertoassurethatthisintentionisgiveneffect:(A)TheCompanyshallsegregatetheproceedsfromthePurchasePriceinaseparateinterestbearingaccountoraccounts,eachatabankorotherfinancialinstitutionacceptabletothePurchaser,andshalluseanddisbursetheproceeds,andinterestearnedthereon,solelyforthespecificpurposes,atspecificschools,asmayfromtimetotimebeidentifiedandapprovedinadvancebythePurchaserasexpendituresinfurtheranceofthePurchaser’scharitableandeducationalobjectivesasabovesetforth.(B)TheCompanymayrequestfromtimetotimethatalloraportionofthesegregatedfundsbeappliedtoenabletheCompanytoextenditseducationalservicestoaparticularschoolorschoolsand,indoingso,shallsetforthwithspecificitythepurposeoftheexpenditureandadescriptionoftheeducationaladvantagestobeobtainedbytheschooldistrictandshallprovideallsuchotherinformationconcerningtheschool,schooldistrict,andthereasonthattheexpenditureofthesegregatedfundsisnecessarytoenabletheCompanytoextenditseducationalservicestotheschoolandschooldistrictasthePurchasermayrequest.NoexpenditureshallbemadefromthesegregatedfundsunlessspecificallyapprovedbythePurchaser.(C)TheCompanyshallreporttothePurchaserquarterlyonthestatusofthesegregatedaccount(s)andallexpendituresmadefromsuchaccount(s).(D)Intheeventthatanyfundsinthesegregatedaccount(s)remainunexpendedupontheexpirationofaperiodoffive(5)yearsafterthedateofthisAgreement,theCompanyshallreturntheunexpendedfundstothePurchaser.Inthatevent,theCompanyshallbeentitledtocanceltheWarrantastoanumberofWarrantShareswhichbearsthesamerelationshiptothetotalnumberofWarrantSharesoriginallysubjecttotheWarrantastheamountreturnedfromthesegregatedaccount(s)bearstotheaggregatepurchasepriceofallWarrantSharesoriginallysubjecttotheWarrant.ShouldtherenotbesufficientWarrantSharesastowhichtheWarrantremainsunexercised,theCompanyshallbeentitledtocancelacorrespondingnumberofsharesorothersecuritiesacquiredbythePurchaseruponexerciseoftheWarrant,orintowhichsuchsharesorothersecuritiessoacquiredshallhavebeenconverted,butonlyupontenderingtothePurchaseranamountequaltotheexercisepricepaidbythePurchasertoobtainsuchsharesorothersecuritiesuponexerciseoftheWarrant.PurchasershallnottransferorotherwisedisposeofalloranyinterestintheWarrantorsharesofstockofothersecuritiesacquireduponexerciseoftheWarrantoruponconversionofsharesofstockorothersecuritiessoacquiredinanymannerwhichwouldpreventpartialcancellationoftheWarrantinaccordancewiththisparagraph.TheprovisionsofSection3oftheWarrantshallapplyaliketotheprovisionsofthissubparagraph(i)(D).3.REPRESENTATIONSANDWARRANTIESOFTHEPURCHASER.ToinducetheCompanytoenterthisAgreement,thePurchaserherebyrepresentsandwarrantstotheCompanyasfollows:(a)Organization.ThePurchaserisdulyorganized,validlyexistingandingoodstandingunderthelawsofitsjurisdictionoforganization.(b)Authorization.ThePurchaserhasallrequisitepowerandauthoritytoenterintoandperform,andhastakenallactionsnecessarytoauthorizethePurchasertoenterintoandperform,thePurchaser’sobligationsunderthisAgreement,andtoconsummatethetransactionscontemplatedherebyandsuchexecution,deliveryandperformancedonotandwillnotrequiretheconsent,waiver,approval,license,designationorauthorizationof,orfilingwithanyPersonorpublicauthorityotherthanthosewhichhavebeenmadeorobtained.ThisAgreementconstitutesthelegal,validandbindingobligationofthePurchaser,enforceableagainstthePurchaserinaccordancewithitsterms,exceptastheenforceabilitythereofmaybelimitedbybankruptcy,insolvencyorothersimilarlawsaffectingtheenforceabilityofcreditors’rightsingeneralorbygeneralprinciplesofequity.(c)Information.ThePurchaserhascarefullyreviewedthisAgreement.ThePurchaserandthePurchaser’sadvisorshavehadareasonableopportunitytoaskquestionsofandreceiveanswersfromtheCompany,orapersonorpersonsactingonitsbehalf,concerningtheCompany’sbusinessandthetermsandconditionsoftheWarrantandtheWarrantShares,andtoobtainadditionalinformation,totheextentpossessedbytheCompanyorobtainablebyitwithoutunreasonableeffortorexpense.AllsuchquestionshavebeenansweredtothefullsatisfactionofthePurchaser.NooralorwrittenrepresentationsorwarrantieshavebeenmadeororalorwritteninformationfurnishedororalorwrittenpromisesmadetothePurchaserorthePurchaser’sadvisorsinconnectionwiththeCompany,theWarrantortheWarrantShareswhichwereinanywayinconsistentwiththisAgreementortheWarrant.ThePurchaserhasperformeditsownduediligencewithrespecttothisinvestmentandisrelyingontheduediligenceinmakingthisinvestment.(d)Knowledge.ThePurchaser,eitheraloneortogetherwiththePurchaser’strusteesand/orotheradvisors,hassuchknowledgeandexperienceinfinancial,taxandbusinessmatterstoenablethePurchasertoutilizetheinformationmadeavailabletothePurchaserinconnectionwiththepurchaseoftheWarrant,toevaluatethemeritsandrisksoftheprospectiveinvestmentandtomakeaninformedinvestmentdecisionwithrespecttheretoandtobeartheeconomicrisksofitsinvestment.(e)SecuritiesRegistration.ThePurchaserunderstandsthatneithertheofferingnorthesaleoftheWarrantortheWarrantShareshavebeenregisteredundertheSecuritiesActof1933,asamended(theAct),inrelianceuponanexemptiontherefromfornon-publicofferings,norhavesuchofferingorsalebeenregisteredorqualifiedunderanystatesecuritiesorBlueSkylawinrelianceuponsimilarexemptions.ThePurchaserunderstandsthattheWarrantandtheWarrantSharesmustbeheldindefinitelyunlessdisposedofpursuanttothetermsandconditionsoftheActandanystatesecuritiesorBlueSkylawandanysuchdispositionmusteitherberegisteredundertheActandallapplicablestatesecuritiesorBlueSkylaws,orexemptfromregistration,andifrequested,anopinionofcounselorotherdocumentationinformsatisfactorytotheCompanyconfirmingsuchregistrationorexemptionmustbeprovidedpriortoanysuchdisposition.ThePurchaserfurtherunderstandsthatexceptasspecificallyprovidedherein,theCompanyisundernoobligationtoregistertheWarrantortheWarrantSharesortoassistthePurchaserincomplyingwithanyexemptionfromregistration.ThePurchaserunderstandsthatneitherthisAgreement,theWarrantnortheWarrantShareshavebeenreviewed,approvedorotherwisepasseduponbytheU.S.SecuritiesandExchangeCommission,anystatesecuritiesadministrator,theNationalAssociationofSecuritiesDealersInc.,anysecuritiesorcommoditiesexchange,oranyothergovernmentalagencyorself-regulatoryauthority.(f)InvestmentIntent.TheWarrantisbeingpurchasedsolelyforthePurchaser’sownaccountforinvestmentpurposesonlyandnotfortheaccountofanyotherpersonandnot,inwholeorinpart,fordistribution,assignmentorresaletoothers,andnootherpersonhasorwillhaveadirectorindirectbeneficialinterestintheWarrantortheWarrantShares.(g)Broker’sFees.NopersonorentityactingonbehalforundertheauthorityofthePurchaserisorwillbeentitledtoanybroker’s,finder’s,orsimilarfeeorcommissioninconnectionwiththetransactionscontemplatedhereby.(h)NoAgencyRelationship.ThePurchaserisnotactingasanomineeoragentforanyPerson,anddoesnothaveanycontracts,understanding,agreementsorarrangementswithanyPersontosell,transferorgrantparticipationintheWarranttoanyPerson.(i)Legends.ThePurchaseracknowledgesandunderstandsthattheinstrumentevidencingtheWarrantandanyWarrantSharesissuablepursuanttheretoshallbearthelegendsspecifiedintheWarrant(andsuchotherlegends,ifany,requiredunderstateorfederalsecuritieslawsinthereasonableopinionoflegalcounselfortheCompany).4.REGISTRATIONAGREEMENT.TheCompanyherebygrantstothePurchaserinrespectoftheWarrantShares,andanysecuritiesoftheCompanyintowhichtheWarrantSharesareconvertible,piggy-backregistrationrightssimilartoandatleastasfavorableasthepiggy-backregistrationrightsaffordedtoholdersofCompany’sSeriesACommonStock,assuchrightsareineffectfromtimetotime.5.INDEMNIFICATION.(a)ThePurchasershallindemnifyandholdharmlesstheCompanyanditsrespectiveofficers,directorsandaffiliatesfromandagainstalldamages,losses,costsandexpenses(includingreasonableattorneys’feesandexpenses)whichtheymayincurbyreasonofthefailureofthePurchasertofulfillanyofthetermsorconditionsofthisAgreement,orbyreasonofanybreachoftherepresentationsandwarrantiesmadebythePurchaserherein.(b)TheCompanyshallindemnifyandholdharmlessthePurchaseranditsrespectiveofficers,directorsandaffiliatesfromandagainstalldamages,losses,costsandexpenses(includingreasonableattorneys’feesandexpenses)whichtheymayincurbyreasonofthefailureoftheCompanytofulfillanyofthetermsorconditionsofthisAgreement,orbyreasonofanybreachoftherepresentationsandwarrantiesmadebytheCompanyherein.6.MISCELLANEOUS.(a)EntireAgreement.ThisAgreementtogetherwiththeWarrantconstitutestheentireagreementbetweenthepartiesheretowithrespecttothesubjectmatterhereofandsupersedesallprioragreementsandundertakings,writtenororal,amongthepartieswithrespecttosuchsubjectmatter.(b)FurtherAssurances.Withinfivedaysafterreceiptofawrittenrequest,eachpartyagreestoprovidetheinformationandexecuteanddeliversuchdocumentsreasonablyrequestedbytheotherpartyinordertocarryoutthepurposesofthisAgreement.(c)Survival.TherepresentationsandwarrantiesofeachofthePurchaserandtheCompanysetforthhereinshallsurvivethepurchaseoftheWarrantpursuanttothisAgreement.(d)SuccessorsandAssigns.ThisAgreementshallbebindingupon,andinuretothebenefitof,theCompanyandthePurchaserandtheirrespectivesuccessorsandpermittedassigns.(e)Amendments.ThetermsandprovisionsofthisAgreementmaynotbemodifiedoramendedexceptpursuanttoaninstrumentsignedbytheparties.(g)Confidentiality.EachoftheCompanyandthePurchaseragreestomaintaininconfidenceallproprietaryinformationprovidedbytheotherinconnectionwiththepurchaseoftheWarrant,andnottodisclosesuchinformationexcepttosuchadvisorsasmaybeassistingoradvisingsuchpartyinconnectionwithsuchpurchaseandtoinstructsuchpersonstotreatsuchinformationconfidentiallyorasrequiredbylaw.Confidential