Board Resolution Approving Sale of Assets

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

Board Resolution Approving Sale of Assets

Board Resolution Approving Sale of Assets

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

BOARD RESOLUTION APPROVING SALE OF ASSETS

**WHEREAS,** the Board of Directors (hereinafter referred to as "the Board") of {{company_name}} (hereinafter referred to as "the Company") deems it necessary and beneficial to the Company to sell certain assets; and

**WHEREAS,** the Board has carefully reviewed and considered the proposed terms and conditions of the sale of said assets; and

**WHEREAS,** the Board has determined that the sale of these assets is in the best interests of the Company and its shareholders.

RESOLVED, THAT:

1. **Approval of Sale.** The Board hereby approves the sale of the following assets:

- {{asset_description_1}}

- {{asset_description_2}}

- {{asset_description_3}}

(hereinafter collectively referred to as "the Assets").

2. **Terms of Sale.** The sale of the Assets shall be conducted on the terms and conditions outlined in the Sale Agreement dated {{sale_agreement_date}}, between the Company and {{buyer_name}} (hereinafter referred to as "the Purchaser").

3. **Consideration.** The consideration for the sale of the Assets shall be {{currency}} {{amount}} ({{amount_in_words}}), payable in accordance with the terms of the Sale Agreement.

FURTHER RESOLVED, THAT:

1. **Authorisation of Officers.** Any one Director or officer of the Company, including but not limited to the Chief Executive Officer, Managing Director, or Company Secretary, be and is hereby authorised to execute and deliver all necessary documents, agreements, and instruments, and to take all actions deemed necessary or appropriate to effectuate the sale of the Assets, including but not limited to the Sale Agreement, transfer documents, and any other related documentation.

2. **Indemnification.** The Company shall indemnify and hold harmless its directors, officers, and employees for any actions taken in good faith to implement this resolution.

3. **Reporting.** The Chief Executive Officer or Managing Director shall report back to the Board on the completion of the sale and any material deviations from the approved terms.

CERTIFICATION

I, the undersigned, Company Secretary of {{company_name}}, do hereby certify that the foregoing is a true and accurate copy of a resolution duly adopted by the Board of Directors of the Company at a meeting held on {{date_of_meeting}}, at which a quorum was present and acting throughout, and that such resolution is still in full force and effect.

DATE OF RESOLUTION:

{{resolution_date}}

SIGNATURE BLOCK

_____________________________

{{secretary_name}}

Company Secretary

{{company_name}}