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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.
Your data doesn't train Genie's AI
You keep IP ownership of your information
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
Authors
Business Day
Completion
Completion Date
Encumbrance
Exercise Notice
Exercise Period
Option
Option Assets
Option Holder
Option Period
Option Premium
Parties
Put Option
Strike Price
Termination Date
Transfer
Underlying Assets
Valuation Date
Working Day
Warranties
Articles
Board
Company
Shareholders
Shares
Share Capital
Subsidiary
Regulatory Approvals
Regulatory Authority
Regulatory Requirements
Permitted Transferee
Security
Security Document
Security Interest
Security Provider
Security Trustee
Grant of Option
Option Premium
Exercise of Option
Completion
Representations and Warranties
Covenants
Termination
Notices
Assignment
Confidentiality
Entire Agreement
Variation
Waiver
Severability
Costs
Force Majeure
Further Assurance
Governing Law
Jurisdiction
Security
Tag-Along Rights
Drag-Along Rights
Regulatory Compliance
Tax Indemnity
Anti-Dilution
Share Rights
Transfer Restrictions
Information Rights
Non-Competition
Dispute Resolution
Change of Control
Asset Maintenance
Asset Valuation
Title Guarantee
Encumbrances
Registration Rights
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