When can the EquityShield Purchase Option Contract be exercised?

The EquityShield Purchase Option Contract can be exercised any time after 2 years from commencement, up to the end of the 10 year term, provided the EquityShield Purchase Option Contract fee has been paid in full.

The 2 year “non-exercise” period referred to above, may be varied (longer or shorter) at time of initial application, with appropriate adjustment to the Option fee payable. Once an EquityShield Purchase Option Contract has commenced, variations to the “non-exercise” period are not permitted.