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1. Surviving Provisions: List of provisions from the original agreement that will survive cancellation - include if any provisions should remain in effect

2. Confidentiality: Obligations regarding confidentiality of the agreement terms - include if not covered in surviving provisions

3. Return of Documents: Requirements for returning or destroying documentation - include if physical certificates or sensitive documents exist

4. Further Assurance: Obligation to execute additional documents if needed - include for complex options or regulatory requirements

5. Costs: Allocation of costs related to the cancellation - include if significant costs are involved

1. Original Option Agreement: Copy or details of the original option agreement being cancelled

2. Calculation of Cancellation Payments: If applicable, detailed calculations of any payments due as part of the cancellation

3. Required Regulatory Notices: Copies of any required notices to regulatory authorities

4. Payment Instructions: Details of bank accounts and payment procedures if consideration is involved