Board Resolution For Share Issuance

{{company_name}}

{{company_address}}

Phone: {{phone}} | Email: {{email}} | Web: {{website}}

Board Resolution For Share Issuance

Board Resolution For Share Issuance

{{company_name}}

{{company_address}}

Tel: {{phone}}

Email: {{email}}

Website: {{website}}

BOARD RESOLUTION FOR SHARE ISSUANCE

Effective Date: {{date}}

WHEREAS

WHEREAS, the Board of Directors (the 'Board') of {{company_name}} (the 'Company') deems it to be in the best interests of the Company to issue new shares to raise capital / for employee remuneration [Delete as appropriate]; and

WHEREAS, the Company's Memorandum and Articles of Association permit the issuance of new shares, subject to Board approval; and

WHEREAS, the Board has reviewed the terms and conditions of the proposed share issuance.

RESOLVED:

RESOLVED, that the Company be and is hereby authorized to issue a total of {{number_of_shares}} new ordinary shares of {{currency}}{{share_price}} each (the 'New Shares').

RESOLVED, FURTHER, that the New Shares shall be issued to {{recipient_name}} for a total consideration of {{currency}}{{total_consideration}} / for services rendered as part of an employee share option scheme [Delete as appropriate].

RESOLVED, FURTHER, that the New Shares shall rank pari passu in all respects with the existing ordinary shares of the Company.

RESOLVED, FURTHER, that the Board hereby authorizes and directs the Company Secretary or any duly authorized officer of the Company to take all necessary steps and execute all necessary documents to give effect to this resolution, including but not limited to, updating the Company's share register and making all requisite filings with the relevant regulatory authorities.

RESOLVED, FURTHER, that a copy of this resolution shall be filed with the minutes of the meetings of the Board of Directors.

CERTIFICATION

I, {{secretary_name}}, Company Secretary of {{company_name}}, do hereby certify that the foregoing is a true and accurate copy of the resolution duly adopted by the Board of Directors of the Company at a meeting duly convened and held on {{date}} at {{meeting_location}}, at which a quorum was present and acting throughout, and that such resolution is still in full force and effect.

IN WITNESS WHEREOF, I have hereunto set my hand this {{day}} day of {{month}}, {{year}}.

SIGNATURE BLOCK

_________________________

{{secretary_name}}

Company Secretary