Board Resolution Approving Acquisition of Business Assets

{{company_name}}

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Board Resolution Approving Acquisition of Business Assets

Board Resolution Approving Acquisition of Business Assets

BACKGROUND

WHEREAS, {{company_name}} (the "Company") identifies a strategic opportunity to acquire certain business assets (the "Acquired Assets") from {{seller_name}}, registration number {{seller_registration_number}}, with its registered office at {{seller_address}} (the "Seller").

WHEREAS, the Board of Directors (the "Board") deems it in the best interests of the Company and its shareholders to proceed with the acquisition of the Acquired Assets.

WHEREAS, the Board has reviewed the due diligence report pertaining to the Acquired Assets dated {{due_diligence_report_date}} and is satisfied with its findings.

RESOLVED

THAT the acquisition of the Acquired Assets from the Seller, as more fully described in the Asset Purchase Agreement (the "Agreement") presented to and considered by the Board, be and is hereby approved.

THAT the total purchase price for the Acquired Assets shall not exceed {{purchase_price}} ({{currency}}) as set out in the Agreement.

THAT {{authorised_person_name}}, in their capacity as {{authorised_person_title}}, be and is hereby authorised to sign and execute the Agreement and any other ancillary documents required to effect the acquisition.

FURTHER RESOLVED

THAT the Company Secretary, {{company_secretary_name}}, be and is hereby authorised to take all necessary steps to ensure the proper transfer of ownership of the Acquired Assets to the Company and to make all necessary filings with relevant regulatory authorities.

THAT all directors and officers of the Company be and are hereby authorised to do all such acts, deeds, and things, and to sign, execute and deliver all such documents and instruments as may be necessary or desirable to give effect to this resolution and the transactions contemplated herein.

CERTIFICATION

I, {{company_secretary_name}}, Company Secretary of {{company_name}}, do hereby certify that the foregoing is a true and accurate copy of a resolution duly adopted by the Board of Directors of {{company_name}} at a meeting duly convened and held on {{date_of_meeting}} at {{time_of_meeting}} at {{place_of_meeting}}, and that such resolution is in full force and effect and has not been revoked or amended.

SIGNATURE

___________________________

{{company_secretary_name}}

Company Secretary

Date: {{signature_date}}