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What is an Accession Deed?
An accession deed is a document that transfers ownership of an entire parcel of land to another person. It can also transfer property from one entity (such as a corporation) to another (for example, from the corporation's president to the company itself).
An accession deed is often used in business transactions such as mergers and acquisitions. If a business considers adding more property or assets to its existing holdings, it may be worth investigating what type of legal agreement will work best and how much money will need to change hands.
Common Sections in Accession Deeds
Below is a list of common sections included in Accession Deeds. These sections are linked to the below sample agreement for you to explore.
Accession Deed Sample
Exhibit 4.5
FORM OF DEED OF ACCESSION
THIS DEED OF ACCESSION (this “Deed”) is made as of the [6th] day of [November], 2010.
BETWEEN:
(1) | Newsummit Biopharma Holdings Limited, an exempted company incorporated and existing under the laws of Cayman Islands (the “Company”); and |
(2) | PanAsia Strategy Investment Co., Ltd. (the “New Investor”), a company incorporated and existing under the laws of British Virgin Islands. |
RECITALS:
(A) | The New Investor, the Company and certain other parties thereto have entered into a Series A Preferred Share Purchase Agreement (the “Share Purchase Agreement”) dated even date herewith, whereby the Company agreed to issue, and the New Investor agreed to subscribe, up to 202,963 Series A Preferred Share of the Company (the “Purchased Shares”) at the purchase price of US$9,854 per Purchased Share; |
(B) | The Company and certain parties thereto have entered into a Shareholders Agreement (the “Shareholders Agreement”) dated July 23, 2010, which sets out the terms governing the shareholders’ relationship with respect to the Company; |
(C) | It is a condition to the Closing under the Share Purchase Agreement that the New Investor shall execute and deliver to the Company this Deed of Accession and shall thereby agree to be bound by and be subject to the terms and conditions of the Shareholders Agreement pursuant to this Deed; and |
(D) | The Company is entering into this Deed on behalf of itself and on behalf of the other Parties to the Shareholders Agreement (other than the New Investor). |
NOW THIS AGREEMENT WITNESSES as follows:
1. | Interpretation. In this Agreement, capitalized terms used but not defined herein shall have the respective meanings ascribed to such terms in the Shareholders Agreement. |
2. | Covenant. The New Investor hereby covenants to the Company, with respect to itself and as agent for all other persons who are at present or who may hereafter become bound by the Shareholders Agreement, to adhere to and be bound by and subject to all the duties, burdens and obligations of an Investor imposed pursuant to the provisions of the Shareholders Agreement and all documents expressed in writing to be supplemental or ancillary thereto as if the New Investor had been an original party to the Shareholders Agreement. |
3. | Enforceability. Each Investor and the Company shall be entitled to enforce the Shareholders Agreement against the New Investor. The New Investor shall be entitled to all rights and benefits of the Investors under the Shareholders Agreement and the Articles in each case as if the New Investor had been an original party to the Shareholders Agreement. |
4. | Notice. Any notice required or permitted by the Shareholders Agreement shall be given to the New Investor at the address listed beside the New Investor’s signature below. |
IN WITNESS WHEREOF, this Deed has been executed on the date first above written.
Newsummit Biopharma Holdings Limited | ||||
For and on behalf of NEWSUMMIT BIOPHARMA HOLDINGS LIMITED | ||||
By: | /s/ Ren Jun | |||
Authorized Signature(s) | ||||
Name: Ren Jun | ||||
Title: Director | ||||
PanAsia Strategy Investment Co., Ltd. | ||||
For and on behalf of | ||||
PanAsia Strategy Investment Co., Ltd. | ||||
By: | /s/ Zhang Qiong | |||
Authorized Signature(s) | ||||
Name: Zhang Qiong | ||||
Title: Director | ||||
Address: |
Bldg. No. 3, 2558 Yan An Road (W) Shanghai 201103 China | |||
Fax: |
Reference:
Security Exchange Commission - Edgar Database, EX-4.5 4 d213559dex45.htm DEED OF ACCESSION DATED NOVEMBER 6, 2010, Viewed December 20, 2021, View Source on SEC.
Who Helps With Accession Deeds?
Lawyers with backgrounds working on accession deeds work with clients to help. Do you need help with an accession deed?
Post a project in ContractsCounsel's marketplace to get free bids from lawyers to draft, review, or negotiate accession deeds. All lawyers are vetted by our team and peer reviewed by our customers for you to explore before hiring.
Meet some of our Accession Deed Lawyers
Tiffany O.
Tiffany received her Juris Doctorate from the J. Reuben Clark Law School, Magna Cum Laude. She is admitted to the Utah State Bar and the New Mexico State Bar. She practices in the areas of real estate, general business, business formation, employment agreements, and civil litigation.
Brian J R.
Immigration expert with over 30 years’ experience focused on start-up companies H-1, L-1, E, O-1 visas. PERM and extraordinary ability immigrant visas. Complex family immigration cases and waivers. I also assist early stage comapnies in entity formation and general legal matters for start-up companies in the areas of Telehealth, Technology and International Trade.
Haroldo M.
A seasoned attorney dedicated to navigating complex legal issues and devising strategic solutions for my clients.
Richard M.
Richard A. Mathurin is as a member of the professional team at Sage Law. Since graduating cum Laude from The University of Notre Dame and UCLA School of Law, Rich has enjoyed an exciting and diversified career in the practice of law. In his early career, he assisted several energy companies all over the world in the development and funding of major wind energy and other green technology projects. Following an assignment by his firm to their Far East offices in Tokyo and Singapore, Rich represented global corporations such as Hitachi, UPS, and Fuji-Xerox in major commercial transactions. More recently, Rich returned to his native San Diego to care for an ill family member and work in the local community. Rich specializes in tax resolution, bankruptcy and small business services helping clients get in compliance with complex tax laws and manage their personal and business finances. When he is not working servicing his valued clients, Rich is an ardent golfer and enjoys rooting for his favorite Boston sports teams.
January 3, 2024
Zenaida R.
I proudly hold an active membership with The Florida Bar, I successfully passed the Florida Bar examination in September 2023. My journey into the legal realm began over 5 years ago with dedicated service as a law clerk, where I provided indispensable support at previous law firms. I have distinguished legal expertise in the realm of transational matters. I am highly experienced in entity formations, commercial transactions, mergers & acquisitions, corporate governance & compliance, and business immigration services. I have prepared many independent contractor agreements, employment agreements, purchase and sale agreements, EB-1 and 2 visas, to name a few. I am an adept learner, professional, and committed to high quality legal work.
January 21, 2024
Ernestas P.
I am a broadly skilled legal professional. I am highly drawn to technology, fintech, intellectual property, privacy law, contracts. I am also experienced in business litigation and business transactions. I have been told to have the following skills perfect time management, critical thinking, problem solving, attention to detail, communication and decision making. As a former flight attendant, I am well versed and acquired many of those skills in a fast faced multicultural/multilingual setting. I am able to work solo or as a team member and quickly adapt to changes. Finally, I am fluent in English, Lithuanian, Russian.
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Scott B.
Scott Bowen, Esq brings legal experience in family law, special education law, and healthcare law matters. Scott also has over 20 years of expertise in healthcare compliance, medical coding, and healthcare consulting to the firm.
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