Option to Acquire Partnership Interests

{{company_name}}

{{company_address}}

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

Option to Acquire Partnership Interests

Option to Acquire Partnership Interests

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

OPTION TO ACQUIRE PARTNERSHIP INTERESTS

This Option to Acquire Partnership Interests (hereinafter referred to as the "Agreement") is made and entered into on this {{day}} day of {{month}}, {{year}} (the "Effective Date"),

BETWEEN:

{{grantor_name}} (hereinafter referred to as the "Grantor"), residing at {{grantor_address}},

AND

{{grantee_name}} (hereinafter referred to as the "Grantee"), residing at {{grantee_address}}.

1. GRANT OF OPTION

The Grantor hereby grants to the Grantee an exclusive option (the "Option") to acquire {{percentage}} percent ({{percentage}}%) of the Grantor's partnership interests (the "Partnership Interests") in {{partnership_name}}, a partnership formed under the laws of {{jurisdiction}} (the "Partnership").

2. EXERCISE PERIOD

The Option shall be exercisable by the Grantee at any time during the period commencing on the Effective Date and expiring at 5:00 PM {{time_zone}} on {{expiration_date}} (the "Exercise Period").

3. EXERCISE PRICE

The exercise price for the Partnership Interests shall be {{currency}} {{exercise_price}} ({{currency_worded}}) (the "Exercise Price"). The Exercise Price shall be payable in full upon exercise of the Option, in a manner to be agreed upon by both parties, which may include cash, wire transfer, or other mutually acceptable forms of payment.

4. MANNER OF EXERCISE

The Option may be exercised by the Grantee delivering a written notice of exercise to the Grantor (the "Exercise Notice") within the Exercise Period. The Exercise Notice shall state the Grantee's irrevocable election to exercise the Option and shall be accompanied by payment of the Exercise Price.

5. CONDITIONS TO EXERCISE

The exercise of this Option is subject to the satisfaction of the following conditions precedent:

a. The representations and warranties made by the Grantor and Grantee in this Agreement remaining true and accurate in all material respects on the date of exercise.

b. All necessary corporate or partnership approvals, as applicable, having been obtained by both parties.

c. Compliance with any applicable legal or regulatory requirements in {{jurisdiction}}.

6. REPRESENTATIONS AND WARRANTIES

The Grantor represents and warrants that:

a. The Grantor is the legal and beneficial owner of the Partnership Interests and has full power and authority to grant this Option.

b. The Partnership Interests are free and clear of all liens, charges, and encumbrances.

The Grantee represents and warrants that:

a. The Grantee has the financial capacity to pay the Exercise Price upon exercise of the Option.

b. The Grantee is entering into this Agreement for investment purposes and not with a view to resale or distribution.

7. GOVERNING LAW AND JURISDICTION

This Agreement shall be governed by and construed in accordance with the laws of {{jurisdiction}}. Any disputes arising out of or in connection with this Agreement shall be subject to the exclusive jurisdiction of the courts of {{jurisdiction}}.

8. ENTIRE AGREEMENT

This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior discussions, negotiations, and agreements, whether oral or written.

9. SIGNATURES

IN WITNESS WHEREOF, the parties have executed this Option to Acquire Partnership Interests as of the Effective Date.

GRANTOR:

___________________________

{{grantor_name}}

GRANTEE:

___________________________

{{grantee_name}}