Accept Option Extension of Agreement

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Date:

{{date}}

To:

{{recipient_name}}

{{recipient_address}}

Subject: Acceptance of Option Extension Offer

Dear {{recipient_name}},

Referencing the Option Agreement dated {{original_agreement_date}} (the 'Original Agreement') between {{your_company_name}} and {{recipient_company_name}}, concerning the option to acquire {{number_of_shares}} shares in {{target_company_name}} (the 'Option').

We hereby formally accept your offer, as communicated on {{offer_date}}, to extend the Option Period for an additional {{extension_period}} (e.g., three months/six months) from its current expiry date of {{original_expiry_date}}.

Terms and Conditions of Extension

The Option Period shall now expire on {{new_expiry_date}}.

All other terms and conditions of the Original Agreement, including but not limited to the Exercise Price, the number and class of shares, and the procedure for exercising the Option, shall remain in full force and effect and are hereby re-affirmed.

This acceptance is made in consideration of {{consideration_for_extension}} (e.g., the payment of an extension fee of {{extension_fee_amount}} by {{payment_date}}/mutual agreement).

Declaration

We affirm that {{your_company_name}} is not in breach of any terms or conditions of the Original Agreement and that we possess the full capacity and authority to accept this extension.

Governing Law

This acceptance and any non-contractual obligations arising out of or in connection with it shall be governed by and construed in accordance with the laws of {{governing_law_jurisdiction}}.

Acceptance and Signature

Please acknowledge receipt and agreement to the terms of this Option Extension by signing and returning a copy of this letter to us.

Sincerely,

___________________________

Name: {{your_name}}

Title: {{your_title}}

For and on behalf of: {{your_company_name}}

Date: {{signature_date}}

Agreed and Accepted by (Recipient):

___________________________

Name: {{recipient_representative_name}}

Title: {{recipient_representative_title}}

For and on behalf of: {{recipient_company_name}}

Date: {{recipient_signature_date}}