Examples of Series A Agreement in a sentence
The Series A Agreement and the issue and allotment of the Series A Preferred Shares were completed on 13 February 2015.
In connection with the Series A Agreement and this Terns China investment, the Company also issued an option to the LAV PRC Entities to convert their interest in the China Subsidiaries into an interest in Terns Cayman (the LAV Option).
ISSUE OF SERIES A PREFERRED SHARES BY BEST ASSISTANT On 6 January 2015, Best Assistant entered into the Series A Agreement with the Series A Investors for the allotment and issue of an aggregate of 180,914,513 Series A Preferred Shares for a total consideration of US$52,500,000 (equivalent to approximately HK$409.5 million).
As a result, Kui Ding, as the then board representative of Kaitaixin, resigned from the Board to give effect to the board composition agreed in the Series A Agreement.
Upon occurrence of the following events, the Series A Preferred Shares shall be redeemable at the option of the Series A Preferred Shareholders: (i) any material breach or violation of, or inaccuracy or misrepresentation in any representation or warranty made by any entity within the Group or the existing shareholders of the Group in the Series A Agreement; or (ii) the Company has not consummated an [REDACTED] on or prior to the fourth anniversary from the issue date of the Series A Preferred Shares.