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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 an individual (the "grantee") to purchase from it (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: