Board Resolution Approving Sale Agreement Sole Director

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

BOARD RESOLUTION OF {{company_name}} (PTY) LTD

**WHEREAS** the company is a private company duly incorporated in accordance with the laws of [Insert African Country, e.g., South Africa] under registration number {{company_registration_number}} (the “Company”).

**AND WHEREAS** {{director_name}} is the sole director of the Company.

**AND WHEREAS** a proposed sale agreement (the “Sale Agreement”) has been presented to the Sole Director concerning the sale of {{asset_description}} to {{buyer_name}} (the “Purchaser”) for a purchase price of {{currency}} {{sale_amount}} (the “Sale”).

**AND WHEREAS** the Sole Director has considered the terms and conditions of the Sale Agreement and deems it to be in the best interests of the Company.

RESOLVED:

**1. Approval of Sale Agreement:** That the Sale Agreement, a copy of which is attached hereto as Annexure “A”, between {{company_name}} and {{buyer_name}} for the sale of {{asset_description}} for a total purchase price of {{currency}} {{sale_amount}} be and is hereby formally approved and adopted.

**2. Authorisation to Execute:** That {{director_name}}, in their capacity as Sole Director, be and is hereby authorised to sign and execute the Sale Agreement and any other documents, agreements, or instruments necessary to give effect to the Sale, and to take all such steps and do all such things as they may deem necessary or advisable to implement the Sale in accordance with its terms and conditions.

**3. General Powers:** That the Sole Director be and is hereby granted full power and authority to act for and on behalf of the Company in all matters related to the Sale, including but not limited to, negotiating and agreeing to minor amendments to the Sale Agreement, arranging for the transfer of {{asset_description}}, and addressing any ancillary matters arising from the Sale.

**4. Effective Date:** This resolution shall be effective as of the date first written below.

CERTIFICATION

I, the undersigned, being the Sole Director of {{company_name}} (Pty) Ltd, hereby certify that the above resolution was duly passed on the date stated below and has been entered into the minute book of the Company.

**Date:** {{date_of_resolution}}

Sole Director's Signature

_____________________________

**{{director_name}}**

Sole Director

{{company_name}} (Pty) Ltd