Board Resolution Approving Acquisition of Business Assets

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

BOARD RESOLUTION APPROVING ACQUISITION OF BUSINESS ASSETS

**Date:** {{date}}

**Location:** {{city}}, {{country}}

**Minutes of a Meeting of the Board of Directors of {{company_name}}**

A duly convened meeting of the Board of Directors of {{company_name}} (hereinafter referred to as “the Company”) was held on the date and at the location specified above.

PRESENT

**Directors Present:**

1. {{director_name_1}}

2. {{director_name_2}}

3. {{director_name_3}}

QUORUM

It was noted that a quorum was present and that the meeting was therefore duly constituted to transact business.

MATTER FOR RESOLUTION: ACQUISITION OF BUSINESS ASSETS

The Chairperson informed the Board that the purpose of the meeting was to consider and, if thought fit, approve the acquisition of certain business assets from {{seller_company_name}} (hereinafter referred to as “the Seller”). The proposed acquisition includes assets detailed in the Asset Purchase Agreement, presented to the Board prior to this meeting, which acquisition is strategically aligned with the Company’s growth objectives.

The Board carefully reviewed the due diligence report pertaining to the assets to be acquired, including financial statements, valuations, and legal assessments. Discussions were held regarding the terms and conditions of the proposed acquisition, the financial implications, potential risks, and expected benefits to the Company.

RESOLVED

Upon motion duly made, seconded, and unanimously carried, it was:

**1. APPROVAL OF ACQUISITION:** THAT the acquisition by the Company of the business assets from {{seller_company_name}}, as detailed in the Asset Purchase Agreement dated {{agreement_date}}, for a total consideration of {{currency}} {{amount}} ({{amount_in_words}}) be and is hereby approved.

**2. TERMS AND CONDITIONS:** THAT the Board of Directors hereby approves the terms and conditions of the Asset Purchase Agreement, a copy of which has been tabled at this meeting and initialled by the Company Secretary for identification purposes.

**3. AUTHORISATION OF OFFICERS:** THAT any one Director or the Chief Executive Officer of the Company be and is hereby authorised to execute all necessary documents, agreements, and instruments, and to take all such actions as may be necessary or desirable to give full effect to this resolution and complete the acquisition contemplated herein, including but not limited to, signing the Asset Purchase Agreement, transferring funds, and taking possession of the acquired assets.

CERTIFICATION

I, the undersigned, being the duly appointed 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 on the date first above written, and that such resolution is in full force and effect and has not been revoked or amended.

Signed by:

_____________________________

**{{secretary_name}}**

Company Secretary

Approved by the Board:

_____________________________

**{{chairperson_name}}**

Chairperson

_____________________________

**{{director_name_1}}**

Director

_____________________________

**{{director_name_2}}**

Director