Board Resolution Amending the Signing of Checks

{{company_name}}

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

Board Resolution Amending the Signing of Checks

Board Resolution Amending the Signing of Checks

BOARD RESOLUTION TO AMEND AUTHORIZED SIGNATORIES FOR CHECKS

A duly convened meeting of the Board of Directors of {{company_name}} (hereinafter referred to as “the Company”) was held on {{date_of_meeting}} at {{time_of_meeting}} at {{venue_of_meeting}}.

PRESENT:

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IN ATTENDANCE:

{{list_of_others_in_attendance}}

QUORUM:

It was confirmed that a quorum was present for the transaction of business in accordance with the Company’s Articles of Association.

NOTICE:

It was confirmed that due notice of the meeting had been given to all Directors.

RESOLUTION:

WHEREAS, the Board of Directors deems it necessary and in the best interest of the Company to amend the authorized signatories for the Company's banking accounts, specifically for the purpose of signing checks.

NOW, THEREFORE, IT IS HEREBY RESOLVED THAT:

1. The previous resolution concerning the authorization of signatories for checks, adopted on {{date_of_previous_resolution}}, is hereby revoked and superseded in its entirety.

2. The following individuals are hereby authorized to sign checks on behalf of the Company, effective immediately:

a) For checks up to an amount of {{amount_threshold_1}}: any one of the following: {{signatory_1a_name}} (ID: {{signatory_1a_id}}), {{signatory_1b_name}} (ID: {{signatory_1b_id}})

b) For checks exceeding an amount of {{amount_threshold_1}} but not exceeding {{amount_threshold_2}}: any two of the following, acting jointly: {{signatory_2a_name}} (ID: {{signatory_2a_id}}), {{signatory_2b_name}} (ID: {{signatory_2b_id}}), {{signatory_2c_name}} (ID: {{signatory_2c_id}})

c) For checks exceeding an amount of {{amount_threshold_2}}: a minimum of three of the following, acting jointly: {{signatory_3a_name}} (ID: {{signatory_3a_id}}), {{signatory_3b_name}} (ID: {{signatory_3b_id}}), {{signatory_3c_name}} (ID: {{signatory_3c_id}}), {{signatory_3d_name}} (ID: {{signatory_3d_id}})

3. The Company Secretary is hereby authorized and directed to inform the Company’s bankers, {{bank_name}}, of this resolution and to provide them with certified copies of this resolution, along with specimen signatures of the newly authorized signatories, and any other documents required by the bank.

4. This resolution shall remain in full force and effect until further amended or revoked by a subsequent resolution of the Board of Directors.

CERTIFICATION:

I, the undersigned, being the Company Secretary of {{company_name}}, do hereby certify that the above is a true and correct copy of a resolution duly adopted by the Board of Directors at a meeting held on the date specified above, and that such resolution has not been amended, modified, or revoked and is in full force and effect.

Dated this {{day_of_certification}} day of {{month_of_certification}}, {{year_of_certification}}.

SIGNATURE BLOCK

___________________________

{{secretary_name}}

Company Secretary

___________________________

{{chairperson_name}}

Chairperson of the Board