投资协议中的保底条款的效力,应以合同无效的标准进行判决,没有违反法律和行政法律强制性规定的则产生合同效力。同时,应该考虑投资本金转化为股份,权利方不能由此享有双重得利,权利方请求保底利益时,必须折算股份的价值,从而符合等价有偿原则。 The validity of the guarantee clause in the investment agreement shall be judged on the basis of the invalid contract and the contract shall be valid without violating the mandatory provisions of laws and administrative laws. At the same time, investment capital should be considered into shares, the rights and interests of the parties can not enjoy dual benefits, the right to protect the interests of the parties, the value of the shares must be converted, so as to meet the principle of equal payment.