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1. Tag-Along Rights: Optional section when other shareholders are granted the right to join in the sale

2. Drag-Along Rights: Optional section when option holder can force other shareholders to join the sale

3. Multiple Option Holders: Required when there are multiple option holders, specifying their respective rights and priorities

4. Tranched Exercise Provisions: When the option can be exercised in multiple tranches over time

5. Foreign Investment Compliance: Required when foreign investors are involved, addressing FEMA compliance

6. Tax Matters: Detailed tax provisions when specific tax structuring is required

7. Pre-emptive Rights: When existing shareholders are granted rights to purchase shares before the option is exercised

8. Board Nomination Rights: When option holder is granted board representation rights upon exercise

1. Schedule 1 - Company Information: Details of the company including incorporation, share capital, and existing shareholding

2. Schedule 2 - Option Shares: Detailed description of shares subject to the option including class and rights

3. Schedule 3 - Exercise Notice Format: Template for the option exercise notice

4. Schedule 4 - Deed of Adherence: Format for new shareholders to adhere to existing shareholders agreement

5. Schedule 5 - Completion Obligations: Detailed list of actions required at completion of option exercise

6. Schedule 6 - Warranties: Detailed warranties given by the parties

7. Appendix A - Board Resolution: Format of board resolution approving the option grant and share transfer

8. Appendix B - Valuation Methodology: Detailed methodology for determining option exercise price if not fixed