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Put Option Agreement
I need a Put Option Agreement for my company to grant our minority shareholder the right to sell their 15% shareholding back to us at an agreed price of £2.5m, exercisable between January 2025 and June 2025.
1. Parties: Identification of the grantor and grantee of the put option
2. Background/Recitals: Context of the agreement and relevant background information
3. Definitions: Key terms used throughout the agreement including Option Period, Strike Price, Underlying Assets
4. Grant of Option: Core terms of the put option, including the right to sell at specified price
5. Exercise of Option: Mechanism and process for exercising the option
6. Consideration: Details of option premium and payment terms
7. Completion: Process and obligations upon exercise of the option
8. Representations and Warranties: Standard warranties regarding capacity and authority
9. Governing Law and Jurisdiction: Confirmation of English law and jurisdiction
1. Security Provisions: Additional provisions when security is required for option obligations
2. Tag-Along Rights: Provisions for rights of other shareholders to participate in corporate share option arrangements
3. Regulatory Compliance: Specific regulatory obligations when dealing with regulated assets or entities
4. Tax Provisions: Specific tax treatment and obligations when tax implications need specific addressing
1. Form of Option Exercise Notice: Template notice for exercising the option
2. Details of Underlying Assets: Detailed description of assets subject to the option
3. Calculation of Option Price: Formula or methodology for price calculation if complex
4. Required Regulatory Approvals: List of necessary regulatory clearances for regulated transactions
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Find the exact document you need
Put And Call Agreement
An English law agreement establishing mutual rights to buy and sell assets (typically shares) at predetermined terms.
Put Option Agreement
An English law agreement granting the right to sell specified assets at a predetermined price within an agreed timeframe.
Call Option Contract
An English law agreement granting the right to purchase a specified asset at a predetermined price within an agreed timeframe.
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