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Exhibit 10.27
Dated June 16, 1997
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(1) THE UNIVERSITY OF OXFORD
(2) THE MEDICAL RESEARCH COUNCIL
(3) LEUKOSITE, INC.
(4) LEUKOSITE (UK) LIMITED
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DEED OF ASSUMPTION
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MARRIOTT XXXXXXXX
Solicitors
00 Xxxxx Xxxxx Xxxxxx
Xxxxxx XX0X 0XX
Tel: 0000 000 0000
Fax: 0000 000 0000
REF: DJFI/DJ70519A
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THIS DEED is made on June 16, 1997
BETWEEN:
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1. THE CHANCELLOR, MASTERS AND SCHOLARS OF THE UNIVERSITY OF OXFORD whose
administrative offices are at Xxxxxxxxxx Xxxxxx, Xxxxxx XX0 0XX,
Xxxxxxx ("the University");
2. THE MEDICAL RESEARCH COUNCIL of 00 Xxxx Xxxxxxxx, Xxxxxx X0X 0XX,
Xxxxxxx ("the MRC");
3. LEUKOSITE, INC. a Delaware Corporation, whose principal place of
business is at 000 Xxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxxxxxxxx 00000, XXX
("LeukoSite (US)");
4. LEUKOSITE (UK) LIMITED (Registered No. 3347775) whose registered office
is at 00 Xxxxx Xxxxx Xxxxxx, Xxxxxx XX0X 0XX, Xxxxxxx ("LeukoSite
(UK)").
WHEREAS:
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A. On 6th October 1994 the University, the MRC and LeukoSite (US) ("the
Continuing Parties") and LeukoSite Limited (Registered No. 2932583)
entered into an Agreement for the construction and operation of a
Therapeutic Antibody Centre within the University of Oxford
("Agreement").
B. On 19th March 1996 LeukoSite Limited was dissolved by the Registrar of
Companies and its name removed from the Register of Companies.
C. LeukoSite (UK) wishes to take over the rights and obligations of
LeukoSite Limited under the Agreement and the parties hereto wish to
enter into this Deed of Assumption to enable LeukoSite (UK) to take the
place of LeukoSite Limited under the Agreement.
NOW THIS DEED WITNESSETH as follows:
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1. The Continuing Parties agree that, notwithstanding the dissolution of
LeukoSite Limited, the Agreement shall continue in full force and
effect as between them for all periods both before and after the said
dissolution and after the date of this Deed and each party hereby
waives all rights which it may have in respect of the others as regards
such dissolution.
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2. The Continuing Parties hereby agree with LeukoSite (UK) that LeukoSite
(UK) shall be treated as a party to the Agreement with effect from the
date of the Agreement with all the rights and obligations of LeukoSite
Limited as though LeukoSite (UK) was originally a party to the
Agreement. LeukoSite (UK) hereby agrees with the Continuing Parties to
assume all the rights and obligations of LeukoSite Limited in respect
of the Agreement with effect from the date of the Agreement and agrees
to be bound by the same as though originally party thereto.
3. Clause 6.7 of the Agreement shall be amended in its final paragraph by
deleting the reference to LeukoSite (UK) and substituting the
following:
In the case of LeukoSite (UK)
The Managing Director
LeukoSite (UK) Limited
00 Xxxxx Xxxxx Xxxxxx
Xxxxxx XX0X 0XX
with a copy to:
Xxxxxx X. Xxxxx
Xxxxxxx, Xxxx & Xxxxx LLP
00 Xxxxxxxx xxxxxx
Xxxxxx XX0X 0XX
Xxxxxxx
4. This Deed shall be governed by English law and the parties hereto agree
to submit to the jurisdiction of the English Courts.
IN WITNESS whereof the parties hereto have caused this Deed to be duly executed
on the day and year first above written.
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EXECUTED as a Deed of EXECUTED as a Deed of
THE CHANCELLOR, MASTERS THE MEDICAL RESEARCH COUNCIL
AND SCHOLARS OF THE
UNIVERSITY OF OXFORD
Name: Dr. M.E. Ceadel Name: Xxxxxx X. Xxxx Ph.D.
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Position: Senior Xxxxxxx Position: Head of Technology Transfer
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Signature: /s/ M.E. Ceadel Signature: /s/ Xxxxxx X. Xxxx
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Name: Xxxxxxx X. Volfing Name: Xxxxxx X. Xxxxxx
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Position: Xxxxxx Xxxxxxx Position: Licensing and Agreements Manager
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Signature: /s/ Xxxxxxx X. Volfing Signature: /s/ Xxxxxx X. Xxxxxx
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EXECUTED as a Deed of EXECUTED as a Deed of
LEUKOSITE, INC. LEUKOSITE (UK) LIMITED
Name: Xxxxxxxxxxx Xxxxxxxxx Name: Xxxxxxxxxxx Xxxxxxxxx
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Position: CEO and Director Position: Director
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Signature: /s/ Xxxxxxxxxxx Xxxxxxxxx Signature: /s/ Xxxxxxxxxxx Xxxxxxxxx
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Name: Xxxxxxxxx Xxxxxx Name:
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Position: Vice President of Corp. Dev. and CFO Position:
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Signature: /s/ Xxxxxxxxx Xxxxxx Signature:
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