Board Resolution Approving Sale of Assets

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BOARD RESOLUTION APPROVING SALE OF ASSETS

DATE: {{date}}

COMPANY NAME: {{company_name}}

REGISTERED ADDRESS: {{company_address}}

BACKGROUND

WHEREAS, the Board of Directors (the 'Board') of {{company_name}} (the 'Company') has determined that it is in the best interest of the Company and its shareholders to sell certain assets as described herein (the 'Assets'); and

WHEREAS, the proposed sale of the Assets has been thoroughly reviewed and discussed by the Board, including an assessment of the financial implications and strategic rationale for such a transaction.

RESOLVED MATTERS

RESOLVED, that the sale of the Assets, specifically described as: {{description_of_assets_to_be_sold}}, located at: {{asset_location_details}}, to {{buyer_name}} (the 'Buyer') for a purchase price of {{currency}} {{amount}} ({{amount_in_words}}), on the terms and conditions substantially as set forth in the Asset Purchase Agreement (the 'Agreement') attached hereto as Exhibit A, be and hereby is, approved and authorized.

FURTHER RESOLVED, that {{authorised_officer_name}}, holding the title of {{authorised_officer_title}}, and/or any other duly authorized officer of the Company, be and hereby is, authorized, empowered, and directed to execute and deliver the Agreement, together with any and all other documents, agreements, certificates, and instruments, and to take any and all actions that he or she may deem necessary or appropriate to consummate the sale of the Assets in accordance with the terms and conditions contemplated by this Resolution and the Agreement.

FURTHER RESOLVED, that the officers of the Company be, and each of them individually is, hereby authorized and directed to do all such further acts and things and to execute and deliver all such other agreements, documents, instruments, and certificates as may be necessary or desirable to carry out the purposes of this Resolution and perform the obligations of the Company under the Agreement.

FURTHER RESOLVED, that any acts taken by any officer or director of the Company in connection with the matters contemplated by this Resolution prior to the date of this Resolution are hereby ratified, confirmed, and approved in all respects.

CERTIFICATION

I, the undersigned, being the 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 said Company at a meeting of the Board held on {{date_of_meeting}}, at which a quorum was present and acting throughout, and that such resolution is now in full force and effect.

SIGNATURE

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Company Secretary

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