Cross Option Agreement Template UK

The Cross Option Agreement Template UK is offered in multiple formats, including PDF, Word, and Google Docs, featuring both editable and printable examples.

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Cross Option Agreement Template UK

Editable – Printable

PDF – 1 PDF – 2

Cross Option Agreement Template UK

1. Parties Information


2. Second Party Information


3. Agreement Details

4. Purpose of the Agreement

5. Option Grant

6. Option Exercise Procedure

7. Share Valuation

8. Payment Terms for Share Purchase

9. Restrictions on Transfer

10. Confidentiality Obligations

11. Termination Clauses

12. Governing Law

13. Signatures and Acceptance

14. Declaration and Signatures



PDF

WORD

Examples

Cross Option Agreement Template UK (1)
Between:
[Name of Party A]
[Party A’s ID]
[Party A’s Address]
[Party A’s Phone]
[Party A’s Email]
And:
[Name of Party B]
[Party B’s ID]
[Party B’s Address]
[Party B’s Phone]
[Party B’s Email]
Introduction:
This Cross Option Agreement establishes rights to acquire shares between [Name of Party A] and [Name of Party B], effective from [Start Date].
Clause 1: Grant of Option
Party A grants Party B the right to purchase [Number] shares at [Price per Share] within [Option Period].
Clause 2: Consideration for the Option
In consideration of the grant of the option, Party B agrees to pay Party A a fee of [Option Fee] upon execution of this agreement.
Clause 3: Exercise of Option
To exercise the option, Party B must provide written notice to Party A at least [Notice Period] prior to the intended purchase date.
Clause 4: Obligations of the Parties
Both parties agree to provide necessary documentation and assistance required to effectuate the transaction upon exercise of the option.
Clause 5: Governing Law
This agreement shall be governed by the laws of [Jurisdiction, e.g., England and Wales].
Signed in [City], [Date].
Sincerely,
[Signature of Party A]
[Name of Party A]
[Signature of Party B]
[Name of Party B]
Cross Option Agreement Template UK (2)
Between:
[Name of Party A]
[Party A’s ID]
[Party A’s Address]
[Party A’s Phone]
[Party A’s Email]
And:
[Name of Party B]
[Party B’s ID]
[Party B’s Address]
[Party B’s Phone]
[Party B’s Email]
Introduction:
This agreement outlines the terms and conditions under which both parties may exercise their options to purchase shares, starting from [Start Date], to ensure mutual benefit and investment security.
Clause 1: Description of Option Rights
Party A and Party B each grant each other the right to purchase [Number] shares at a predetermined price of [Agreed Price], exercisable during [Option Period].
Clause 2: Payment Terms
Payment for the shares shall be made within [Payment Period] after notice of exercise has been sent.
Clause 3: Termination of Option
The option rights shall terminate upon [Specify Conditions], unless otherwise mutually agreed in writing.
Clause 4: Additional Conditions
Both parties agree to comply with relevant laws and regulations governing share transactions, including the Companies Act 2006.
Clause 5: Resolution of Disputes
Any disputes arising out of or in connection with this agreement shall be resolved through arbitration in accordance with [Specify Rules].
Signed in [City], [Date].
Sincerely,
[Signature of Party A]
[Name of Party A]
[Signature of Party B]
[Name of Party B]

Printable

PDF – 1 PDF – 2

Cross Option Agreement Template UK