(g) Option to purchase shares - SHARES 5

Option to puchase shares is a document to be utilised where there are put and call options for buying and selling shares.

Sample

"A. «5» ("the Company") is incorporated in the state of Victoria and has an authorised share capital of ………………………..

B. The Grantor is the holder of ……………………

C. The Grantee is desirous of acquiring an option to purchase the entire issued share capital of the Company.

2. GRANT OF OPTION

2.1 In consideration for payment by the grantee to the grantor of the sum of «13» on the Commencement Date, the Grantor must forthwith grant to the Grantee the sole and exclusive Option exercisable in the manner herein contemplated and to acquire «12» percent of the shares of the Company on the Transfer ………………………………..

3. PERIOD AND EXERCISE OF OPTION

3.1 This Option may be exercised on the Exercise Date unless the Option has expired.

3.2 The Option must be deemed to have expired if and when……………………………… "