Notice of Intent to Exercise Option(s) to Acquire Partnership Interests

{{company_name}}

{{company_address}}

Phone: {{phone}} | Email: {{email}} | Web: {{website}}

Notice of Intent to Exercise Option(s) to Acquire Partnership Interests

Notice of Intent to Exercise Option(s) to Acquire Partnership Interests

{{company_name}} {{company_address}} Phone: {{phone}} Email: {{email}} Website: {{website}}

Date

{{current_date}}

To:

{{addressee_name}}

{{addressee_address}}

Attention: {{attention_person}}

From:

{{sender_name}}

{{sender_address}}

Subject: Notice of Intent to Exercise Option(s) to Acquire Partnership Interests

Dear {{attention_person}}

This letter serves as formal notification of our (the "Option Holder") irrevocable intention to exercise the option(s) granted to us under the Option Agreement dated {{option_agreement_date}} (the "Option Agreement") between {{company_name}} and {{partnership_name}} (the "Partnership"), for the acquisition of partnership interests in the Partnership.

Details of Option Exercise

In accordance with the terms of the Option Agreement, we hereby elect to exercise our option to acquire {{percentage_of_interest_to_acquire}} ({{percentage_of_interest_to_acquire_words}} percent) of the total partnership interests in the Partnership.

The effective date of this exercise shall be {{effective_date_of_exercise}} (the "Effective Date").

The purchase price for the partnership interests shall be {{currency}} {{purchase_price}} ({{purchase_price_words}}), as determined in accordance with Clause {{relevant_clause_number}} of the Option Agreement.

Payment of the purchase price will be made on or before the Effective Date, by way of {{payment_method}} to the bank account designated by the Partnership, details of which are as follows: Bank Name: {{bank_name}}, Account Name: {{account_name}}, Account Number: {{account_number}}, Branch Code: {{branch_code}}.

Representations and Warranties

By exercising this option, we confirm our understanding and acceptance of all terms and conditions set forth in the Option Agreement and any other related foundational partnership agreements.

We further represent and warrant that all conditions precedent to the exercise of this option, as stipulated in the Option Agreement, have been met or waived.

Next Steps

We kindly request that the Partnership and its relevant representatives take all necessary steps to facilitate the transfer of the partnership interests to the Option Holder on the Effective Date, including but not limited to, updating the Partnership Register and executing any further documents required to give effect to this transfer.

Please confirm receipt of this notice by signing and returning the enclosed duplicate copy of this letter. We anticipate the full cooperation of all partners to ensure a smooth and timely completion of this transaction.

Governing Law

This Notice and the Option Agreement shall be governed by and construed in accordance with the laws of {{governing_law_jurisdiction}}.

Sincerely,

_____________________________

{{sender_name}}

{{sender_title}}

On behalf of {{sender_company_name}}