Preferred Stock Purchase Agreement (Genie AI)

The Preferred Stock Purchase Agreement (Genie AI) is a legal template that outlines the terms and conditions for the purchase of preferred stock in a company called Genie AI. This agreement is typically entered into between the company and potential investors who are interested in acquiring ownership in the form of preferred stock. The document outlines various clauses and provisions including the number of shares to be purchased, the purchase price per share, the rights and preferences associated with the preferred stock, and any restrictions or limitations on the transferability of the shares. It also includes representations and warranties made by both the company and the investors, as well as indemnification clauses to protect the parties involved. The main purpose of this template is to provide a standardized legal framework for the transaction that protects the interests of both the company and the investors while ensuring transparency and compliance with applicable laws and regulations.