This is an option to sell and/or call agreement. Often, an option agreement is reached to protect a minority shareholder who wishes to withdraw from a joint venture. This document is written in favour of the seller of the shares. The draft contains a communication of exercises that is attached to the schedule of the agreement. To exercise the option, grantee must deliver it to the Grantor. The proposal assumes that both parties are individuals. However, this can be changed if one or both parties are businesses. The model also assumes that the consideration for grantee`s purchase of the shares will be in cash and that the option itself will be granted in exchange for nominal consideration, for example. B 1 USD. There are no conditions attached to the exercise of the option; these should be added if necessary. The seller heress with the purchaser of an option to purchase (the call option), the [ENTIRE] of the company`s stock seller under the terms of that agreement. This Call Option Agreement model is made between a Grantor and a Grantee. Grantee is granted the right (but not the obligation) to exercise, within a specified time frame and at a certain price, an option to purchase (or “call”) for the Shares of the Grantors (which are the subject of the option) in the company.
If the option is not exercised within the agreed time frame, it expires. The proposal does not take into account the impact of the option on taxes and stamps. The HMRC website has relevant information and should be considered. The exercise of an appeal option will not in itself attract a stamp duty. Stamp duty must be paid on relocation forms at 0.5% of the value of the consideration for the transfer of the shares. The transfer form as a document that actually transfers the shares is the document responsible for stamp duty. Keep in mind that Grantee can only be registered as the rightful owner of the shares when relocation forms are submitted to the company. The seller and buyer have agreed to enter into option agreements under this agreement. This document has been updated to update and modernize and align it with the formulation of our option put agreement model. Article 8 Representations, guarantees and pacts In accordance with the provisions of the option agreement, Newegg herethly indicates to shareholders that it exercises the option as a % of the interest.
Upon receipt of this notification, shareholders are advised to proceed with this transfer without delay in accordance with the terms of the option agreement. Shareholders A and B (the “shareholders”) are citizens of the PRC with identity cards and permanent information about the permanent secretariat of the PRC, in accordance with Schedule A.