Notice of Exercise of Option to Purchase

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Date and Addressee

{{date}}

To:

The Board of Directors

{{company_name}}

{{company_address}}

Subject

NOTICE OF EXERCISE OF OPTION TO PURCHASE SHARES

Introduction

Dear Board Members,

This letter serves as formal notification that I, {{option_holder_name}}, residing at {{option_holder_address}}, hereby elect to exercise my option to purchase shares in {{company_name}} in accordance with the terms and conditions of the Option Agreement dated {{option_agreement_date}} (the "Option Agreement").

Details of Option Exercise

I hereby elect to exercise my option to purchase {{number_of_shares}} ({{number_of_shares_words}}) ordinary shares of {{company_name}}.

The exercise price per share is {{exercise_price_per_share}} ({{exercise_price_per_share_words}}) {{currency}}, amounting to a total exercise price of {{total_exercise_price}} ({{total_exercise_price_words}}) {{currency}}.

Payment Instructions

I will make payment for the total exercise price by {{payment_method}} (e.g., bank transfer, cheque) within {{payment_days}} days from the date of this notice, as stipulated in the Option Agreement.

Please provide me with the necessary banking details for the transfer, if applicable, or any other instructions required to complete this transaction promptly.

Share Certificate Issuance

Upon receipt of the full payment, kindly arrange for the issuance of a share certificate representing the {{number_of_shares}} shares in my name, {{option_holder_name}}, at your earliest convenience. Please deliver the share certificate to the address provided above, or as otherwise instructed by me in writing.

Undertakings and Representations

I confirm that all representations and warranties made by me in the Option Agreement remain true and accurate as of the date of this notice.

I further undertake to execute any additional documents or take any further actions as may be reasonably required by {{company_name}} to give effect to the exercise of this option and the transfer of shares.

Governing Law

This Notice of Exercise shall be governed by and construed in accordance with the laws of {{jurisdiction_country}}, as specified in the Option Agreement.

Conclusion

Thank you for your attention to this matter. I look forward to the prompt completion of this share purchase.

Sincerely,

Signature Block

_____________________________

{{option_holder_name}}

{{option_holder_address}}

{{option_holder_email}}

{{option_holder_phone}}