Board Resolution Approving Grant of Options

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

BOARD RESOLUTION APPROVING GRANT OF OPTIONS

Effective Date: {{date}}

WHEREAS, the Company deems it desirable and in the best interests of the Company and its shareholders to offer stock options as an incentive to attract, retain, and motivate highly qualified employees, directors, and consultants;

RESOLVED, THAT

The Board of Directors (the 'Board') of {{company_name}} (the 'Company') hereby approves the grant of options to purchase ordinary shares of the Company, subject to the terms and conditions outlined in the Company's Equity Incentive Plan (the 'Plan') and the individual option agreements.

Approval of Option Grants

The Board hereby approves the grant of stock options to the following individuals, on the terms specified below:

1. **Grantee Name:** {{grantee_name_1}}

**Number of Shares:** {{number_of_shares_1}}

**Exercise Price per Share:** {{exercise_price_1}}

**Vesting Schedule:** {{vesting_schedule_1}}

**Grant Date:** {{grant_date_1}}

**Expiry Date:** {{expiry_date_1}}

2. **Grantee Name:** {{grantee_name_2}}

**Number of Shares:** {{number_of_shares_2}}

**Exercise Price per Share:** {{exercise_price_2}}

**Vesting Schedule:** {{vesting_schedule_2}}

**Grant Date:** {{grant_date_2}}

**Expiry Date:** {{expiry_date_2}}

*(Add additional grantees as needed)*

Delegation of Authority

FURTHER RESOLVED, that the Chief Executive Officer and/or the Company Secretary be, and each hereby is, authorized, empowered, and directed to take all such actions, execute all such documents, and perform all such acts as they may deem necessary, appropriate, or advisable to carry out the intent of the foregoing resolutions, including, without limitation, the execution and delivery of individual option agreements with the grantees.

Vesting and Exercise

All options granted hereunder shall be subject to the vesting schedule and exercise conditions set forth in the Plan and the respective individual option agreements. Unvested options shall be forfeited upon termination of the grantee's employment or service with the Company, unless otherwise provided in the Plan or a written agreement between the Company and the grantee.

Compliance with Plan

The grant of these options is made in accordance with the terms and conditions of the Company's duly adopted Equity Incentive Plan, and all terms defined in the Plan shall have the same meanings when used in this Resolution.

Ratification of Prior Actions

FURTHER RESOLVED, that any and all actions taken by the officers or directors of the Company prior to the date of adoption of these resolutions in connection with the matters contemplated hereby are hereby ratified, confirmed, and approved in all respects.

Certification

The undersigned, being the duly appointed Secretary of {{company_name}}, does hereby certify that the foregoing is a true and correct copy of resolutions duly adopted by the Board of Directors of the Company on the date first written above, and that such resolutions have not been amended, modified, or repealed and are in full force and effect as of the date hereof.

Signature Block

_____________________________

{{secretary_name}}

Company Secretary

{{company_name}}

Date: {{signature_date}}