美国优先股法律模板之CertificateofIncorporation20VIP专享

This sample document is the work product of a coalition of attorneys who specialize in venture capital financings, working under the auspices of the NVCA. This document is intended to serve as a starting point only, and should be tailored to meet your specific requirements. This document should not be construed as legal advice for any particular facts or circumstances. Note that this sample presents an array of (often mutually exclusive) options with respect to particular deal provisions.AMENDED AND RESTATEDCERTIFICATE OF INCORPORATIONPreliminary NotesGeneral . The Certificate of Incorporation is a key document produced in connection with a venture capital portfolio investment. Among other things, the Corporation’s Certificate of Incorporation establishes the rights, preferences, privileges and restrictions of each class and series of the Corporation’s stock.No Impairment Clause . It is not uncommon for counsel to the investors to include a “no impairment” clause in their Certificate of Incorporation drafts. A “no impairment” clause is a broad and general provision that prohibits the Corporation from acting (or failing to act) in a way that would circumvent the express and specific provisions of the Certificate of Incorporation. Although Delaware courts narrowly construe “no impairment” clauses1, such provisions can be dangerous, both to the Corporation and to the controlling investors, because they can give rise to claims of violation by disgruntled minority investors looking for some grounds on which to base a claim, in the absence of any specific protective provisions in the Certificate of Incorporation. In addition, in a transaction in which the terms of the outstanding Preferred Stock are to be ...