Exclusive Option Agreement Template for Nigeria

1. Due Diligence Rights: Used when the option holder needs rights to conduct due diligence before exercise

2. Security Provisions: Required when security is provided for option obligations

3. Regulatory Compliance: Needed when the transaction requires specific regulatory approvals

4. Tax Provisions: Include when there are specific tax implications or arrangements

5. Foreign Exchange Provisions: Required when the agreement involves foreign currency or cross-border payments

6. Competition Compliance: Include when the exclusive nature requires competition law considerations

7. Third Party Rights: Needed when third party rights might be affected by the option

8. Force Majeure: Optional inclusion for handling unforeseen circumstances affecting option exercise

1. Schedule 1 - Description of Option Subject Matter: Detailed description of the asset, shares, or rights subject to the option

2. Schedule 2 - Form of Option Exercise Notice: Template notice for exercising the option

3. Schedule 3 - Completion Requirements: Detailed list of requirements for completion after option exercise

4. Schedule 4 - Form of Transfer Documents: Draft transfer documents to be executed upon exercise

5. Schedule 5 - Due Diligence Information: List of due diligence materials to be provided

6. Appendix A - Required Regulatory Approvals: List of necessary regulatory approvals and requirements

7. Appendix B - Payment Mechanics: Detailed payment procedures and bank account information