In this Deed of Option Over Issued Shares the Grantor is a company (the "grantor") holding shares in another company (the "company"), and the Grantor is granting an option to a third company (the "grantee") to purchase from it (ie. The Grantor) some or all of the issued shares held by the Grantor in the Company.

This Deed of Option Over Issued Shares contemplates that the consent of other shareholders is required. There is a consent form as Schedule Three.

The Deed of Option Over Issued Shares also contemplates two possible alternative situations:

that an event must occur before the option can be exercised eg. The achievement of a milestone under an agreement, the death of a person, the non-payment of a loan, the breach of a contract etc.; or

where the exercise of the option is not conditional upon any event.

Information you will need in order to complete this Deed of Option Over Issued Shares includes:
(I) details of the names, addresses and shareholdings of all other shareholders in the Company and the classes of shares they hold;
(ii) details of the shares the subject of the Option;
(iii) how many shares are subject to the Option;
(iv) whether the constitution of the Company or any Shareholder Agreement prevents the granting of this Option without consent of other shareholders or directors;
(v) the name of any director representing the Grantor;
(vi) the name of any nominee director to be appointed to represent the Grantee if the Option is exercised;
(vii) the Option Price; and
(viii) the Purchase Price.