Exclusive Option Agreement Template for New Zealand

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

2. Security: Used when security is required for the option fee or future performance

3. Third Party Rights: Needed when third party consents or rights are relevant to the option

4. Tax Provisions: Required when specific tax implications need to be addressed

5. Anti-dilution Provisions: Included for share options to protect against dilution

6. Resource Management Act Conditions: Required when the option involves land subject to RMA considerations

7. Overseas Investment Office Approval: Required when foreign investment approval might be needed

1. Schedule 1 - Subject Matter of Option: Detailed description of what is covered by the option (e.g., property details, shares, assets)

2. Schedule 2 - Option Exercise Notice: Pro forma notice for exercising the option

3. Schedule 3 - Form of Main Agreement: Draft of the main agreement to be entered into upon exercise

4. Schedule 4 - Due Diligence Requirements: List of due diligence materials and processes if applicable

5. Schedule 5 - Conditions Precedent: List of conditions that must be satisfied before option exercise

6. Appendix A - Required Consents: List of third party or regulatory consents required

7. Appendix B - Disclosure Schedule: Grantor's disclosures against warranties if applicable