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Put Option Deed
"I need a Put Option Deed under New Zealand law for a minority shareholder to have the right to sell their 15% shareholding in a technology company back to the majority shareholder at fair market value, exercisable between January 2025 and June 2025."
1. Parties: Identifies and provides details of all parties to the deed
2. Background: Sets out the context and purpose of the put option deed
3. Definitions and Interpretation: Defines key terms and establishes interpretation principles
4. Grant of Put Option: Establishes the fundamental grant of the put option right
5. Option Period: Specifies the duration during which the put option may be exercised
6. Exercise Price: Details the price at which the option can be exercised
7. Exercise of Option: Specifies the process and requirements for exercising the option
8. Completion: Sets out the completion process following option exercise
9. Warranties and Representations: Contains warranties given by each party
10. Confidentiality: Establishes confidentiality obligations regarding the deed and transaction
11. Notices: Specifies how formal notices must be given between parties
12. General Provisions: Contains standard boilerplate provisions including governing law, jurisdiction, and amendment procedures
1. Security: Required if any security is being provided to support the put option obligations
2. Third Party Rights: Needed if any third parties have rights under the deed
3. Tag Along Rights: Include if other shareholders have rights to participate in the sale
4. Drag Along Rights: Include if the option holder can force other shareholders to sell
5. Pre-emptive Rights: Required if existing shareholders have first right of refusal
6. Anti-dilution Provisions: Include if protection against dilution is required
7. Foreign Investment Provisions: Required if transaction involves overseas investment considerations
8. Tax Provisions: Include specific tax treatment or allocation provisions if required
1. Schedule 1 - Asset Description: Detailed description of the assets/shares subject to the put option
2. Schedule 2 - Option Exercise Notice: Form of notice to be used when exercising the option
3. Schedule 3 - Completion Requirements: Detailed list of completion deliverables and requirements
4. Schedule 4 - Warranties: Detailed warranties given by the parties
5. Schedule 5 - Pricing Mechanism: Detailed methodology for calculating the exercise price if not fixed
6. Schedule 6 - Security Details: Details of any security arrangements (if applicable)
7. Appendix A - Corporate Approvals: Copies of relevant corporate approvals and resolutions
8. Appendix B - Transfer Forms: Pro forma transfer documents required for completion
Authors
Financial Services
Investment Banking
Private Equity
Real Estate
Mining and Resources
Agriculture
Manufacturing
Technology
Retail
Professional Services
Legal
Finance
Corporate Development
Mergers & Acquisitions
Treasury
Risk Management
Compliance
Corporate Secretariat
Investment
Business Development
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Corporate Lawyer
Investment Manager
Portfolio Manager
Business Development Director
Commercial Director
Risk Manager
Company Secretary
Finance Director
Investment Analyst
Mergers & Acquisitions Director
Corporate Development Manager
Treasury Manager
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