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TEMPLATE Dated 201 6 THE INVESTOR and THE FOUNDERS and THE COMPANY [ and OTHERS ] INVESTMENT AGREEMENT r elating to [ COMPANY NAME ] TEMPLATE TABLE OF CONTENTS 1. ! INTERPRETATION ………………………….. ………………………….. ………………………….. ….. 1 ! 2. ! INVESTMENT ………………………….. ………………………….. ………………………….. …………. 4 ! 3. ! COMPLETION ………………………….. ………………………….. ………………………….. …………. 5 ! 4. ! WARRANTIES ………………………….. ………………………….. ………………………….. ………… 6 ! 5. ! INTELLECTUAL PROPERTY ………………………….. ………………………….. ………………. 7 ! 6. ! THE BOARD ………………………….. ………………………….. ………………………….. ……………. 7 ! 7. ! ACCOUNTING AND INFORMATION RIGHTS ………………………….. …………………. 8 ! 8. ! MATTERS REQUIRING INVESTOR CONSENT ………………………….. ………………… 8 ! 9. ! TRANSFER OF SHARES AND FUTURE FUNDING ………………………….. ………….. 8 ! 10. ! EFFECT OF CEASING TO HOLD SHARES ………………………….. ……………………….. 9 ! 11. ! NON COMPETITION ………………………….. ………………………….. ………………………….. .. 9 ! 12. ! CONFIDENTIALITY AND ANNOUNCEMENTS ………………………….. ……………… 10 ! 13. ! ASSIGNMENT ………………………….. ………………………….. ………………………….. ……….. 10 ! 14. ! THIRD PARTY RIGHTS ………………………….. ………………………….. ……………………… 10 ! 15. ! AGREEMENT SURVIVES COMPLETION ………………………….. ……………………….. 11 ! 16. ! SHAREHOLDER OBLIGATIONS AND STATUS OF THIS AGREEMENT …….. 11 ! 17. ! SEVERANCE ………………………….. ………………………….. ………………………….. …………. 11 ! 18. ! VARIATION ………………………….. ………………………….. ………………………….. ………….. 11 ! 19. ! COSTS ………………………….. ………………………….. ………………………….. …………………… 11 ! 20 . ! WHOLE AGREEMENT ………………………….. ………………………….. ………………………. 12 ! 21. ! NOTICES ………………………….. ………………………….. ………………………….. ……………….. 12 ! 22. ! FURTHER ASSURANCE ………………………….. ………………………….. …………………….. 13 ! 23. ! COUNTERPARTS ………………………….. ………………………….. ………………………….. ….. 13 ! 24. ! NO PARTNERSHIP ………………………….. ………………………….. ………………………….. … 13 ! 25. ! GOVERNING LAW AND JURISDICTION ………………………….. ……………………….. 13 ! Schedule 1 ………………………….. ………………………….. ………………………….. …………………………. 14 ! Part 1 - The Founders ………………………….. ………………………….. ………………………….. .. 14 ! Part 2 – The Investor ………………………….. ………………………….. ………………………….. … 14 ! Part 3 – The Other Shareholders ………………………….. ………………………….. …………….. 14 ! Schedule 2 ………………………….. ………………………….. ………………………….. …………………………. 15 ! Part 1 - The Company ………………………….. ………………………….. ………………………….. . 15 ! Part 2 – The Subsidiary ………………………….. ………………………….. …………………………. 16 ! Schedule 3 Reserved matters - matters requiring Investor Consent ………………………….. ……. 18 ! Schedule 4 Deed of adherence ………………………….. ………………………….. ………………………….. 19 ! TEMPLATE 1 THIS AGREEMENT is made on 2016 BETWEEN (1) The persons whose names and addresses are set out in Part 1 of Schedule 1 (the “ Founders ”); (2) SBC BERLIN 2015 - 2017 LTD , incorporated an d registered in England and Wales with company number 0 9089774 whose registered office is at c/o Rainmaking Loft, International House, 1 St. Katharine’s Way, London E1W 1UN (the “ Investor ”); (3) [The Persons whose names and addresses are set out in Part 3 of Schedule 1 (the “ Other Shareholders ”); ]and (4) [ FULL COMPANY NAME ] incorporated and registered in [ England and Wales ] with company number [ NUMBER ] whose registered office is at [ ADDRESS ] (the “ Company ”). RECITALS (A) The Company was incorpor ated on [ DATE ] and is a company limited by shares, brief particulars of which are set out in Schedule 2 . (B) The Founders are interested in the number of shares set out against their respective names in column 3 of Part 1 of Schedule 1 . (C) The Investor ha s agreed to subscribe for shares in the capital of the Company on, and subject to, the terms of this agreement. (D) The Investor has agreed to provide the Comp any with a non - refundable grant of € [ 15,000 ], the first half of which will be paid by SBC Berlin to the Company on or around the date of this agreement and the second half of which will be paid by SBC Berlin to the Company within 6 weeks of the Company hav ing started its participation in the accelerator program organised by SBC Berlin. (E) [Prior to the date of this agreement, [OLD COMPANY NAME] transferred to the Company all underlying intellectual property rights to particular assets owned or used by them in connection with the provision of [DESCRIPTION OF BUSINESS] pursuant to an asset transfer agreement dated [DATE]] [Note: to be used where foreign Company transferred to New UK Co.] IT IS HEREBY AGREED 1. INTERPRETATION 1.1 The definitions and rules of interpretat ion in this clause apply in this agreement. “Articles” the new articles of association of the Company in the agreed form to be adopted by the Company on or prior to Completion. TEMPLATE 2 “Board” the board of directors of the Company as constituted from time to ti me. “Business Day” a day (other than a Saturday, Sunday or public holiday) when clearing banks in the City of London are open for the transaction of normal banking business. “Completion” completion by the parties of their respective obligations under c lause 3 . “Completion Date” the date of Completion. “Costs” any liabilities, losses, damages, awards, costs (including legal fees), claims and expenses. “Deed of Adherence” the deed of adherence in the form set out in Schedule 4 . “Employee Share Option Plan” any employee share option plan adopted by the Company. “Encumbrance” any mortgage, charge, security interest, lien, pledge, assignment by way of security, equity claim, right of pre - emption, option, covenant, restriction, reservation, lease, trust, order, decree, judgment, title defect (including retention of title claim), conflicting claim of ownership or any other encumbrance of any nature whatsoever (whether or not perfected) other than liens arisi ng by operation of law. “Founders” the persons listed in column 1 of Part 1 of Schedule 1 . [“Group” collectively the Company and the Subsidiary (and “ Group Company ” shall be construed accordingly).] “Independent Expert” has the me aning given in the Articles. “Intellectual Property” patents, rights to inventions, utility models, copyright, trade marks, service marks, trade, business and domain names, rights in trade dress or get - up, rights in goodwill or to sue for passing off, unf air competition rights, rights in designs, rights in computer software, database rights, topography rights, moral rights, rights in confidential information (including know - how and trade secrets) and any other intellectual property rights, in each case whe ther registered or unregistered and including all applications for and renewals or extensions of such rights, and all similar or equivalent rights or forms of protection in any part of the world. “Investor the prior written consent of the Invest or.