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1. Asset Maintenance: Obligations regarding maintenance of the asset during the option period - used for physical assets

2. Due Diligence: Rights and process for conducting due diligence - relevant for complex assets or business purchases

3. Security: Any security arrangements for the option - used when required by the parties

4. Insurance: Insurance requirements during the option period - relevant for physical assets

5. Transfer Restrictions: Restrictions on transferring the asset during the option period - used for transferable assets

6. Tax Provisions: Specific tax arrangements - relevant when tax implications are significant

7. Environmental Matters: Environmental warranties and obligations - used for real estate or industrial assets

8. Regulatory Compliance: Specific regulatory requirements - used when asset transfer requires regulatory approval

9. Break Fee: Provisions for break fee if option not exercised - used in commercial contexts

10. Force Majeure: Force majeure provisions - used for longer option periods

1. Asset Description Schedule: Detailed technical or legal description of the asset subject to the option

2. Price Calculation Schedule: Detailed methodology for calculating the final purchase price, including any adjustments

3. Form of Exercise Notice: Template notice for exercising the option

4. Due Diligence Documents: List of documents provided or to be provided for due diligence

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

6. Required Consents: List of third-party or regulatory consents required for transfer

7. Form of Transfer Documents: Templates for documents needed to complete the transfer upon exercise