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Option Agreement Contract
"I need an Option Agreement Contract for granting my company's minority shareholder the right to purchase an additional 15% of company shares at RM 500,000 per 1% share, exercisable until March 1, 2025."
1. Parties: Identification of the option grantor and grantee, including full legal names and addresses
2. Background: Context of the agreement, relationship between parties, and purpose of the option
3. Definitions: Key terms used throughout the agreement, including Option Period, Strike Price, Subject Matter
4. Grant of Option: Clear statement of the option rights being granted and their nature (call/put)
5. Option Period: Duration of the option, including commencement and expiration dates
6. Exercise Price: Specification of the price at which the option can be exercised
7. Exercise Procedure: Detailed process for exercising the option, including notice requirements
8. Payment Terms: Terms for option premium and exercise price payment
9. Representations and Warranties: Statements of fact and guarantees by both parties
10. Completion Obligations: Actions required upon exercise of the option
11. Termination: Circumstances under which the agreement can be terminated
12. Governing Law and Jurisdiction: Specification of Malaysian law and jurisdiction
13. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment
1. Multiple Options: Section needed when agreement includes multiple option rights or tranches
2. Security Arrangements: Required when the option involves secured assets or requires security
3. Third Party Rights: Needed when third parties have rights or obligations under the agreement
4. Tax Provisions: Detailed tax implications and responsibilities when significant tax considerations exist
5. Right of First Refusal: Additional rights related to future sales or transfers
6. Regulatory Compliance: Required when the option involves regulated assets or activities
7. Force Majeure: Included when external events might affect option exercise
8. Confidentiality: Needed when sensitive information is involved in the option arrangement
1. Schedule 1 - Subject Matter Description: Detailed description of the asset, shares, or rights subject to the option
2. Schedule 2 - Option Exercise Notice Format: Template for the formal notice to exercise the option
3. Schedule 3 - Completion Requirements: Detailed list of documents and actions required at completion
4. Schedule 4 - Pricing Mechanism: Detailed calculation method if the exercise price is variable or formula-based
5. Schedule 5 - Due Diligence Materials: List of documents and information provided or to be provided
6. Appendix A - Required Regulatory Approvals: List of necessary regulatory approvals and requirements
7. Appendix B - Form of Transfer Documents: Templates for transfer documents required upon exercise
Authors
Business Day
Completion
Completion Date
Conditions Precedent
Exercise Notice
Exercise Period
Exercise Price
Grantor
Grantee
Grant Date
Identity Card
Long Stop Date
Notice
Option
Option Period
Option Premium
Parties
Ringgit Malaysia
Subject Matter
Strike Price
Termination Date
Transfer Documents
Warranties
Definitions
Grant of Option
Option Period
Consideration
Exercise Procedure
Conditions Precedent
Completion
Payment Terms
Representations and Warranties
Covenants
Assignment
Confidentiality
Force Majeure
Termination
Notices
Governing Law
Dispute Resolution
Severability
Entire Agreement
Amendment
Waiver
Costs and Expenses
Time of Essence
Further Assurance
Counterparts
Third Party Rights
Stamp Duty
Real Estate
Financial Services
Manufacturing
Technology
Mining
Agriculture
Retail
Construction
Energy
Telecommunications
Private Equity
Venture Capital
Professional Services
Healthcare
Legal
Finance
Corporate Development
Compliance
Risk Management
Business Development
Real Estate
Operations
Strategic Planning
Investment
Commercial
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Corporate Lawyer
Business Development Manager
Investment Manager
Property Developer
Contract Manager
Risk Manager
Company Secretary
Commercial Director
Compliance Officer
Real Estate Manager
Asset Manager
Strategic Planning Director
Operations Director
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