Examples of Series A Investment Agreement in a sentence
In March and June 2019, the Convertible Loans were issued according to the Series A Investment Agreement and were initially recognised as convertible loans at fair value of RMB360,000,000 in accordance with IFRS 9.
On 21 April 2020, upon completion of Series A Conversion, the convertible loans at fair value of approximately RMB429,168,000 was derecognised and the paid-in capital was accordingly increased by approximately RMB101,408,000 in accordance with the conversion arrangement of the Series A Investment Agreement.
The foregoing shall not limit any subscription right to participate in any issuance of new equity securities by the Company that the Holders may have as set forth in the Investment Agreement, the Series A Investment Agreement or any other agreement entered into by the Company.
Pursuant to the terms of an investment agreement (the "Series A Investment Agreement"), dated as of July 27, 1995, as amended as of March 12, 1996, between the Company and the Series A Investor, the Company sold shares of Series A Convertible Participating Preferred Stock of the Company, par value $.001 per share (the "Series A Preferred Stock"), to the Series A Investor.
The history of the Preference Share capital of our Company is set forth below: *Our Company had initially allotted 681,840 Series A Preference Shares at of face value ₹83 each and thereafter the Series A Preference Shares were subdivided and the allotment of 698,676 Series A Preference Shares of face value ₹81 each was carried out on June 30, 2021 in order to allot the number of Series A Preference Shares agreed to be allotted in accordance with the Series A Investment Agreement.
On 22 December 2020, Sisram Tianjin, a subsidiary of the Company, entered into the Series A Investment Agreement as an Original Shareholder and a Series A Investor with, among others, Fosun Health Fund (Suzhou) and Fosun Health Fund (Tianjin) (the general partners of which are subsidiaries of Fosun Pharma) and the Target in relation to an aggregate capital injection of RMB109 million into the Target, of which, Sisram Tianjin agreed to contribute RMB10 million.
July 2021 Capital IncreasePursuant to the Series A Investment Agreement and the Follow-up Series A Investment Agreement, the then Shareholders also subscribed for a total of RMB360,085 of the Company’s increased registered capital at an aggregate consideration of RMB360,085 following the July 2021 Financing to maintain their corresponding shareholding percentages in the Company (the ‘‘July 2021 Capital Increase’’).
The Founding Shareholders and Series A Investors shall waive any and all right (including but not limited to pre-emption right, veto rights, rights to receive notice) with respect to the Transaction under the Series A Investment Agreement, Articles of Associations, any other instrument, document or agreement, or Applicable Laws.
The principal terms of the Series A Investment Agreement are set out below.
Equity Transfer to Employee Incentive Platform In accordance with the Series A Investment Agreement, an equity transfer agreement dated June 22, 2018 was entered into between Mr. Mao and Shukun Xingfu Technology, pursuant to which Mr. Mao transferred 4% equity interests in the Company (corresponding to the issued share capital of RMB150,000) to Shukun Xingfu Technology at nil consideration.