Board Resolution Approving Loan of Funds

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

BOARD RESOLUTION APPROVING LOAN OF FUNDS

Passed on this {{day}} day of {{month}}, {{year}}

At a duly convened meeting of the Board of Directors of {{company_name}} (hereinafter referred to as “the Company”), held at {{meeting_address}}.

WHEREAS

The Company has identified an opportunity to lend funds to {{borrower_name}} (hereinafter referred to as “the Borrower”) for the amount of {{loan_amount}} ({{loan_amount_words}}).

The Board of Directors has considered the financial implications and strategic benefits of providing such a loan.

IT WAS RESOLVED THAT

1. The Company hereby approves the lending of a sum of {{loan_amount}} ({{loan_amount_words}}) to {{borrower_name}}.

2. The terms and conditions of the loan, including the interest rate of {{interest_rate}}% per annum, repayment schedule, and collateral (if any), shall be documented in a separate Loan Agreement.

3. {{authorised_signatory_name}} (Director) and {{authorised_signatory_title}} be and are hereby authorised to negotiate, finalise, and execute all necessary documents, including but not limited to the Loan Agreement, on behalf of the Company.

4. This resolution shall be recorded in the Minute Book of the Company and kept as an official record of the Board's decision.

CERTIFICATION

We, the undersigned, being all the Directors/Company Secretary of {{company_name}}, hereby certify that the above resolution was duly passed at a meeting of the Board of Directors of the Company held on {{date_of_meeting}} and that the said resolution is in full force and effect as at the date hereof.

Dated this {{certification_day}} day of {{certification_month}}, {{certification_year}}.

SIGNATURES OF DIRECTORS

_____________________________

{{director_name_1}}

Director

_____________________________

{{director_name_2}}

Director

_____________________________

{{company_secretary_name}}

Company Secretary (if applicable)