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In this Deed of Option Over Issued Shares the Grantor is an individual (the "grantor") holding issued shares in a company (the "company"), and the Grantor is granting an option to another individual (the "grantee") to purchase from him or her the whole or some of the issued shares held by him or her in the Company.
This Deed of Option Over Issued Shares contemplates that the consent of other shareholders is required. There is a consent form as Schedule Three.
The Deed of Option Over Issued Shares also contemplates two possible alternative situations: