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Option to Purchase

THIS AGREEMENT made as of Date of Signing of Option Agreement between Name of


Person Granting Option, of Address of Person Granting Option (the “Optionor”) and Name of
Person Receiving Option, of Address of Person Receiving Option (the “Optionee”).

IN CONSIDERATION of the payment by the Optionee to the Optionor of the sum of two
dollars ($2.00) and for other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, the Optionor hereby grants to the Optionee an option (the “Option”) to
Describe subject matter being Optioned (ie. a Blue 1999 Honda Civic bearing V.I.N.
__________) (the “Optioned Goods”) owned by the Optionor, upon and subject to the following
terms and conditions:

1.Exercise Price. The purchase price for the Optioned Goods (the “Purchase Price”) upon
exercise of the Option shall be Purchase Price for Optioned Goods after Option is Exercised (ie.
$10,500):

2.Option Exercise Period. The Option may be exercised by the Optionee at any time from the
date hereof until Last day for Exercising Option (ie. July 10, 2002) (the “Termination Date”) and
shall terminate on the Termination Date unless exercised by the Optionee prior thereto.

3.Exercise of Option. The Optionee shall, for the purposes of exercising the Option, give to the
Optionor notice in writing thereof (the “Notice”), accompanied by a certified cheque or bank draft
payable to the Optionor in the amount of the Purchase Price.

4.Transfer of Optioned Goods. Upon compliance by the Optionee of all of the terms and
conditions of this Agreement and upon receipt by the Optionor of (i) the Notice, and (ii) payment
of the Purchase Price, the Optionor shall sell and transfer to the Optionee the Optioned Goods
and as evidence thereof, the Optionor shall execute in favor of the Optionee a Bill of Sale,
together with such other documents to evidence the sale and transfer as the Optionee reasonably
requests.

5.Non-Assignability of Option. The Option is personal to the Optionee. Accordingly, the


Optionee may not sell, assign or otherwise transfer the Option or any of its rights under this
Agreement without the prior written consent of the Optionor, which consent may be unreasonably
or arbitrarily withheld.

6.Entire Agreement. This Agreement expresses the entire agreement between the parties
concerning the subject matter hereof and supersedes all previous agreements, whether written or
oral, between the parties respecting the subject matter hereof.

7.Successors and Assigns. This Agreement shall be binding upon the parties hereto and their
respective heirs, executors, administrators and successors and permitted assigns.
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8.Governing Law. This Agreement shall be governed by and construed in accordance with the
laws of the State of State of Optionor (ie. Washington).

IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the date first
above written.

Witness Name of Person Granting Option

Witness Name of Person Receiving Option

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