Series Seed Preferred Stock Purchase Agreement (Genie AI)

The "Series Seed Preferred Stock Purchase Agreement (Genie AI)" template is a legal document designed to facilitate the purchase and sale of preferred stock in the context of a startup or early-stage technology company named Genie AI. This agreement is specifically tailored for fundraising rounds involving Genie AI's Series Seed preferred shares.

The template sets out the terms and conditions under which investors can acquire Genie AI's preferred stock, including the number of shares, the purchase price, and any specific rights, preferences, or privileges attached to the preferred shares. It outlines the representations and warranties made by both Genie AI and the investors, as well as provisions related to closing procedures and post-closing obligations.

This legal document aims to protect the interests of both Genie AI and the investors by clearly defining the rights and obligations of each party. It provides a framework for conducting the stock purchase transaction while ensuring compliance with applicable laws and regulations. The template is customizable and can be adapted to suit specific circumstances or negotiations between Genie AI and potential investors.