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1. Due Diligence: Rights and process for conducting due diligence - relevant for complex assets or property options

2. Conditions Precedent: Any conditions that must be satisfied before option exercise - used for regulatory approvals or third-party consents

3. Security: Any security arrangements for the option - relevant where option price is paid in installments

4. Tax Provisions: Specific tax-related provisions - important for high-value or complex transactions

5. Competition/Antitrust: Provisions dealing with competition law requirements - needed for large commercial transactions

6. Employee Matters: Relevant for business or share options involving employee considerations

7. Interim Period Obligations: Obligations between grant and exercise - important for business or property options

8. Assignment Rights: Rights to assign the option - relevant for corporate or investment transactions

1. Schedule 1 - Description of Option Subject Matter: Detailed description of property, shares, or assets subject to the option

2. Schedule 2 - Form of Option Exercise Notice: Template notice for exercising the option

3. Schedule 3 - Warranties: Detailed warranties relating to the option subject matter

4. Schedule 4 - Completion Requirements: Detailed list of completion deliverables and requirements

5. Schedule 5 - Due Diligence Information: List of required due diligence materials (if applicable)

6. Appendix A - Property Plans/Title Documents: Relevant for property options - contains plans, title information

7. Appendix B - Valuation Methodology: Where option price is to be determined by valuation

8. Appendix C - Required Consents: List of required third-party or regulatory consents