Valid Option Contract Template for United Arab Emirates

1. Transfer Rights: Include when the option rights may be assignable to third parties

2. Security Provisions: Include when the underlying asset requires specific security arrangements

3. Conditions Precedent: Include when option exercise is subject to specific conditions being met

4. Multiple Exercise Rights: Include for options that can be exercised in parts or multiple times

5. Force Majeure: Include when specific events might affect the option exercise

6. Shariah Compliance: Include when the contract needs explicit Shariah compliance provisions

7. Regulatory Approvals: Include when exercise is subject to regulatory clearances

8. Tax Provisions: Include when specific tax implications need to be addressed

1. Schedule 1 - Asset Description: Detailed description of the underlying asset subject to the option

2. Schedule 2 - Exercise Notice Form: Template form for exercising the option

3. Schedule 3 - Calculation Methodology: Detailed methodology for calculating variable prices or adjustments

4. Schedule 4 - Required Consents: List of required third-party or regulatory consents

5. Appendix A - Supporting Documents: Copies of relevant certificates, licenses, or other supporting documentation

6. Appendix B - Due Diligence Documents: List or copies of due diligence documents relating to the underlying asset