私募投资条款清单

私募股权投资基金的投资条款清单,实用详细,不可不看。

INVESTMENT TERM SHEET

Between PRAXCAPITAL FUND II, L.P.

and

A REAL ESTATE, LTD. (CAYMAN ISLANDS)

In relation to the offering of US$ 30M Convertible Notes

B投资基金与A置业（开曼群岛）有限公司

关于三千万美元可转换债券融资的

投 资 条 款 书

The intent of this document is to describe, for negotiation purposes only, some key terms of the proposed agreement between PraxCapital Fund II, L.P. (“PraxCapital” or the “Investor”) and A Real Estate, Ltd. (Cayman Islands) (“A Cayman” or the “Company”). This document is not intended to be a binding agreement between PraxCapital and the Company with respect to the subject matter hereof, except for the provisions under the headings “Exclusivity”, “Confidentiality” and “Costs”. A binding agreement will not occur unless and until the Investor and the Company have negotiated, approved, executed and delivered the appropriate definitive agreements. Until execution and delivery of such definitive agreements, both parties shall have the absolute right to terminate all negotiations for any reason.

本文件是为了描述B投资基金（“B”或“投资人”）和A地产（开曼群岛）有限公司（“A开曼”或“公司”）之间拟订立的协议中的一些重要条款，仅供谈判使用。本文件并非意在成为B和A开曼之间就本文件的主题达成的具有约束力的协议，但“排他性”，“保密”和“费用”标题下的条款除外。除非且直到投资人和公司已经谈判、批准、签署并递交了合适的、最终确定的协议，具有约束力的协议才得以达成。在双方签署并递交上述最终确定的协议之前，双方均有权以任何理由终止所有谈判。

Company / Issuer

公司/发行人 A REAL ESTATE, LTD. (“A Cayman” or the “Company”), a company registered in the Cayman Islands and currently holding 100% equity interests in A Real Estate (China) Consulting Management Ltd. (“A WOFE”), a company registered in China.

Prior to the Closing, A WOFE will hold 100% equity interests in Henan A Real Estate, Ltd. (“Henan A”), a company registered in China.

A Cayman, A WOFE and Henan A together refer to the “Group” or “A Group”.

A地产（开曼群岛）有限公司（“A开曼”或“公司”），一家注册于英属开曼群岛的公司，并拥有注册于中国的A地产（中国）咨询管理有限公司（“AWOFE”）100%的股权。

本投资交割完成前，AWOFE将会拥有注册于中国的河南A置业有限公司（“河南A”）100%

私募股权投资基金的投资条款清单,实用详细,不可不看。

的股权。

A开曼、AWOFE、河南A统称“集团”或“A集团”。

Founders

创始人股东 - Mr. A: 80%

- Ms B: 20%

Securities

证券种类 Convertible Notes (“CN”)

可转换债券(简称“CN”)

Investment Amount

投资金额 US$ 30 million

三千万美元

Investors

投资人 PraxCapital Fund II Ltd. and its co-investor

B投资基金及其共同投资人

Use of Proceeds

募集资金使用 It is understood and agreed that there is no cash-out in this transaction. If the Founders have ever received any proceeds from this transaction, they shall immediately return the proceeds back to the Group, net of any transaction-related taxes, if applicable.

- Acquire land: US$

- Property development cost: US$

- Others (specify): US$

TOTAL: US$ 30m

双方同意本交易不产生任何现金兑现。如果创始人从本交易中获得任何收益，则必须立即将所得归还给A集团，并扣除任何相关交易税（如果有）。

购买土地款： US$

物业开发费： US$

其他（列明）： US$

合计： US$ 30m

Expected Closing Date

预期交割完成日 Two months after signing this Term Sheet or another day mutually agreed by the Investors and the Company

本投资条款书签署后两月内，或投资人与公司共同认可的其他日期

Closing Conditions

交割条件 1) Completion of business, legal & financial due diligence of the Company, including the obtaining of a NAV report prepared by an internationally reputable valuer;

2) Receipt of all investment committee approvals required by the Investors;

私募股权投资基金的投资条款清单,实用详细,不可不看。

3) Execution and delivery of legal documentation in form and substance satisfactory to the Investors and their counsel;

4) Delivery of audited financial statements of the Company prepared by Ernst & Young in accordance with US GAAP for the fiscal years ended December 31, 2003 and 2004 and 2005, and the management accounts of the Company for the six months ended June 30, 2006;

5) PRC/Cayman/BVI legal counsels to the Company and the Founders have issued respective legal opinion in respect of the Company and the Founders, addressed to the Investors and in a form and substance reasonably satisfactory the Investors;

6) The Company having entered into three years non-compete agreements with the Founders and other senior executives of the Company in form and substance satisfactory to the Investors;

7) No material adverse development affecting the business, financial conditions, management or prospects of the Company;

8) The share charge has been duly executed; and

9) Upon fulfillment of the Closing Conditions, the Investors’ legal counsel will send to the Company a Closing Condition notice acknowledging that all the Closing conditions are met.

1) 投资人完成对公司业务、法律和财务方面的尽职调查，包括由一家国际知名的仲量行出具的净资产评估报告；

2) 投资人得到其投资委员会的批准；

3) 执行并出具形式和内容上令投资人及其律师满意的法律文本；

4) 公司出具经安永会计师事务所依照美国会计准则所做的2003年、2004年及2005年的审计报告，以及2006年１-6月份的管理报表；

5) 公司和发起人股东的中国、开曼群岛、维尔京群岛律师出具的法律意见书；

6) 公司与创始人股东及其他高管人员签订三年非竞争协议；

7) 公司在业务、财务、管理或前景方面无重大负面变化；

8) 股份抵押已执行；以及

9) 交割条件满足时，投资人律师将向公司呈送交割 …… 此处隐藏：10127字，全部文档内容请下载后查看。喜欢就下载吧 ……