Board Resolution to Terminate Lease

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

BOARD RESOLUTION TO TERMINATE LEASE

**Date:** {{date}}

**Company Registration Number:** {{company_registration_number}}

**Registered Office:** {{registered_office_address}}

**WHEREAS,** the Company is a party to a Lease Agreement dated {{lease_agreement_date}} (the “Lease Agreement”) with {{landlord_name}} (the “Landlord”) for the premises located at {{leased_property_address}} (the “Leased Premises”).

**WHEREAS,** due to {{reason_for_termination}}, the Board of Directors deems it necessary and in the best interests of the Company to terminate the Lease Agreement prior to its scheduled expiry date of {{original_expiry_date}}.

RESOLVED:

1. **TERMINATION AUTHORISATION:** That the termination of the Lease Agreement with {{landlord_name}} for the Leased Premises located at {{leased_property_address}}, effective {{termination_date}}, be and is hereby approved and ratified in all respects.

2. **AUTHORISED SIGNATORIES:** That {{authorised_officer_name_1}} ({{authorised_officer_title_1}}) and {{authorised_officer_name_2}} ({{authorised_officer_title_2}}) be and are hereby jointly and severally authorised to take all necessary steps to effect the termination of the Lease Agreement.

3. **NEGOTIATION AND AGREEMENT:** That the aforementioned authorised officers be and are hereby authorised to negotiate and conclude any settlement agreement, surrender agreement, or other documentation with the Landlord as may be necessary or desirable to achieve the effective and amicable termination of the Lease Agreement, including agreement on any early termination penalties or concessions.

4. **DOCUMENT EXECUTION:** That the aforementioned authorised officers be and are hereby authorised to sign and execute all documents, forms, and instruments as may be necessary or desirable to give effect to this resolution and the termination of the Lease Agreement.

5. **INDEMNITY:** That any acts taken by the authorised officers in furtherance of this resolution prior to the date hereof are hereby ratified and confirmed.

CERTIFICATION

I, the undersigned, {{company_secretary_name}}, 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 {{company_name}} at a meeting duly convened and held on {{date_of_meeting}}, at which a quorum was present and voting throughout, and that such resolution is in full force and effect as of the date hereof.

SIGNATURE BLOCK

___________________________

Name: {{company_secretary_name}}

Title: Company Secretary

Date: {{signature_date}}