Shareholders Resolution

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

SHAREHOLDERS' RESOLUTION

Passed by way of circulating written resolution in accordance with the Articles of Association of the Company.

Effective Date: {{date}}

PARTIES

THE SHAREHOLDERS of {{company_name}} (Pty) Ltd/Ltd (hereinafter referred to as “the Company”)

WHEREAS

A. The Company is duly incorporated and registered in accordance with the laws of {{country}}.

B. The Shareholders deem it necessary and expedient to pass the resolutions set forth below to formalize certain decisions pertaining to the Company’s operations/governance/financing (delete as applicable).

RESOLUTIONS

IT IS HEREBY RESOLVED THAT:

1. **Appointment of Directors (or specific resolution topic):** The appointment of {{new_director_name}} as a Director of the Company, effective from {{appointment_date}}, be and is hereby approved and ratified.

2. **Share Allotment/Issuance (or specific resolution topic):** The allotment and issuance of {{number_of_shares}} ordinary shares of no par value to {{allottee_name}} for a subscription price of {{currency}} {{amount}} per share, be and is hereby approved. The total consideration for these shares shall be {{currency}} {{total_amount}}.

3. **Approval of Financial Statements (or specific resolution topic):** The Annual Financial Statements of the Company for the financial year ended {{financial_year_end_date}} be and are hereby approved.

4. **Any Other Business:** Any other business discussed and approved by the shareholders is hereby incorporated by reference as if fully set out herein.

CERTIFICATION

We, the undersigned, being all the Shareholders of {{company_name}}, hereby certify that the above resolutions have been duly passed and constitute valid and binding resolutions of the Company.

Signature Block

_____________________________

{{shareholder_1_name}}

Shareholder

Date: {{date}}

_____________________________

{{shareholder_2_name}}

Shareholder

Date: {{date}}

(Add additional signature blocks for all shareholders as required)