Board Resolution Approving Sale of Assets

{{company_name}}

{{company_address}}

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 (the 'Board') of {{company_name}} (the 'Company') deems it to be in the best interest of the Company to sell certain assets; and

WHEREAS, after due consideration and deliberation, the Board has determined that the sale of these assets is strategically beneficial for the Company's future operations and financial health.

RESOLUTION

NOW, THEREFORE, BE IT RESOLVED, that the sale of the assets described in Exhibit A (the 'Assets') attached hereto and incorporated herein by reference, to {{purchaser_name}} (the 'Purchaser') for a purchase price of {{currency}} {{purchase_price}} (the 'Purchase Price'), in accordance with the terms and conditions outlined in the Asset Purchase Agreement, is hereby approved.

BE IT FURTHER RESOLVED, that any two (2) directors or one (1) director together with the Company Secretary of the Company be and are hereby authorized, empowered, and directed to execute and deliver any and all documents, agreements, certificates, and instruments, to pay all fees and expenses, and to do and perform all acts and things as they may deem necessary or advisable to carry out the intent of the foregoing resolutions, including but not limited to, the Asset Purchase Agreement and all ancillary agreements.

DETAILS OF ASSETS TO BE SOLD (EXHIBIT A)

The following is a detailed description of the assets approved for sale:

1. {{asset_item_1}}: {{asset_description_1}}

2. {{asset_item_2}}: {{asset_description_2}}

3. {{asset_item_3}}: {{asset_description_3}}

(Add more items as necessary)

PURCHASER INFORMATION

Purchaser Name: {{purchaser_name}}

Purchaser Address: {{purchaser_address}}

Contact Person: {{purchaser_contact_person}}

Contact Email: {{purchaser_contact_email}}

SALE TERMS AND CONDITIONS

Purchase Price: {{currency}} {{purchase_price}}

Payment Terms: {{payment_terms}}

Effective Date of Sale: {{sale_effective_date}}

Other Key Terms: {{other_key_terms}}

CERTIFICATION

The undersigned, being the Company Secretary of {{company_name}}, hereby certifies that the foregoing is a true and correct copy of a resolution duly adopted by the Board of Directors of the Company at a meeting duly called and held on {{date_of_meeting}}, at which a quorum was present and acting throughout, and that such resolution has not been modified, rescinded, or revoked and is in full force and effect.

DATED this {{day_of_month}} day of {{month}}, {{year}}.

SIGNATURES

___________________________

{{director_name_1}}

Director

___________________________

{{director_name_2}}

Director

___________________________

{{company_secretary_name}}

Company Secretary