Single Option Agreement Template for India

1. Premium Payment: Required if there is an upfront premium payable for the option grant

2. Security: Include if any security or guarantee is required for the option obligations

3. Pre-emptive Rights: Include if other shareholders/parties have pre-emptive rights that need to be addressed

4. Regulatory Compliance: Include if specific regulatory requirements apply (e.g., FEMA for foreign parties)

5. Tag-Along Rights: Include in case of share options where other shareholders have tag-along rights

6. Non-Competition: Include if restrictions on competition are relevant to the option arrangement

7. Force Majeure: Include if specific events should suspend or affect option rights

8. Tax Provisions: Include detailed tax provisions if significant tax implications exist

1. Schedule 1 - Subject Matter Details: Detailed description of the asset/shares/property subject to the option

2. Schedule 2 - Form of Exercise Notice: Template notice for exercising the option

3. Schedule 3 - Completion Requirements: Detailed list of documents and actions required at completion

4. Schedule 4 - Warranties: Detailed warranties relating to the subject matter of the option

5. Schedule 5 - Existing Encumbrances: List of any existing encumbrances on the option subject matter

6. Appendix A - Board Resolutions: Format of board resolutions required for option grant/exercise

7. Appendix B - Valuation Report: If applicable, valuation details supporting the exercise price