1. Security Arrangements: Required when the option involves additional security or collateral arrangements

2. Third Party Rights: Needed when the option affects rights of parties not directly involved in the agreement

3. Shariah Compliance Declaration: Detailed section on Shariah compliance, recommended for complex transactions

4. Regulatory Approvals: Required when the option exercise needs specific regulatory approvals

5. Tax Provisions: Include when tax implications need specific addressing

6. Force Majeure: Detailed force majeure provisions for high-value or long-term options

7. Assignment and Transfer: Required when transfer of option rights needs to be addressed specifically

1. Option Asset Details: Detailed description of the asset(s) subject to the option

2. Exercise Notice Form: Template form for exercising the option

3. Pricing Mechanism: Detailed calculation method for the option price if complex

4. Required Approvals: List of regulatory and other approvals required

5. Shariah Compliance Certificate: If obtained, certificate from Shariah scholars approving the structure

6. Corporate Authorizations: Copies of relevant corporate approvals and authorizations

7. Conditions Precedent: List of conditions that must be satisfied before option exercise