Venture Deals · glossary
A deed by which a new shareholder joins the existing shareholders’ agreement in a stated role. At Solaris no transfer to a newcomer is registered until the deed is delivered. Appendix 5 · Chapter 14
Explained in Chapter 14, Transfers, Tag and Drag, of Venture Deals.
Also explained in Shareholders' Agreements.
However a share moves, the newcomer must first sign up to the existing bargain. Article 11.3 and clause 19.3 forbid registering a transfer to a newcomer until it has signed a deed of adherence. The form is in Appendix 5, and a permitted transfer needs one too.Read Chapter 14, Transfers, Tag and Drag →
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