Resolution for the Subscription for and Issuance of Shares

Company Letterhead

{{company_name}}

{{company_address}}

Tel: {{phone}}

Email: {{email}}

Website: {{website}}

BOARD RESOLUTION FOR THE SUBSCRIPTION FOR AND ISSUANCE OF SHARES

Duly passed by the Board of Directors of {{company_name}} (hereinafter referred to as “the Company”) on this {{day}} day of {{month}}, {{year}}.

1. PREAMBLE

WHEREAS, the Company is desirous of raising capital to finance its operations and expansion plans;

AND WHEREAS, the Board of Directors deems it desirable and in the best interests of the Company to issue new shares for subscription.

2. RESOLVED TO INCREASE SHARE CAPITAL

IT IS HEREBY RESOLVED THAT, subject to applicable laws and regulations, the authorized share capital of the Company be increased from {{current_authorized_share_capital}} to {{new_authorized_share_capital}} by the creation of an additional {{number_of_new_shares}} ordinary shares of {{currency}} {{par_value_per_share}} each.

3. RESOLVED TO APPROVE SUBSCRIPTION AND ALLOTMENT

IT IS HEREBY FURTHER RESOLVED THAT, the Company do hereby approve the subscription for and allotment of {{number_of_shares_to_allot}} ordinary shares of {{currency}} {{par_value_per_share}} each to {{subscriber_name}} (hereinafter referred to as “the Subscriber”) at a subscription price of {{currency}} {{subscription_price_per_share}} per share, for a total consideration of {{currency}} {{total_subscription_amount}}.

4. TERMS OF SUBSCRIPTION

The shares shall be subscribed for and allotted on the following terms and conditions:

a) The Subscriber shall pay the full subscription amount of {{currency}} {{total_subscription_amount}} to the Company's bank account, details of which shall be provided by management, within {{payment_days}} days from the date of this Resolution.

b) Upon receipt of the subscription amount, the Company Secretary is hereby authorized to allot the said shares to the Subscriber.

c) The shares allotted shall rank pari passu in all respects with the existing ordinary shares of the Company.

5. RESOLVED TO AUTHORIZE FILINGS

IT IS HEREBY FURTHER RESOLVED THAT, the Company Secretary or any Director of the Company be and is hereby authorized to do all such acts, deeds, and things as may be necessary to give effect to this Resolution, including but not limited to, filing all necessary documents with the relevant regulatory authorities and updating the Company's register of members.

6. CERTIFICATION

Certified to be a true copy of the Resolution passed by the Board of Directors of {{company_name}}.

Signature Block

_____________________________

Director’s Name: {{director_name}}

Date: {{date}}