1. Due Diligence: Required when the option involves complex assets requiring investigation - typically used for property or business options

2. Conditions Precedent: Include when certain conditions must be met before the option can be exercised

3. Security Arrangements: Required when the option agreement needs to be secured against other assets

4. Tax Provisions: Include detailed tax clauses when the option exercise has significant tax implications

5. Regulatory Compliance: Required when the option involves regulated assets or requires regulatory approvals

6. Anti-Dilution Provisions: Include for share options to protect against dilution of the underlying shares

7. Right of First Refusal: Optional clause giving the option holder priority rights over other potential buyers

8. Force Majeure: Include when external events could significantly impact the option arrangement

1. Schedule 1 - Asset Description: Detailed description of the asset(s) subject to the option

2. Schedule 2 - Option Exercise Notice: Pro-forma 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 specific to the option asset

5. Schedule 5 - Encumbrances: List of any existing encumbrances on the option asset

6. Appendix A - Valuation Methodology: If applicable, detailed methodology for determining the exercise price

7. Appendix B - Required Consents: List of third-party or regulatory consents required