Board Resolution Approving Sale Agreement Sole Director

{{company_name}}

{{company_address}}

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

Board Resolution Approving Sale Agreement Sole Director

Board Resolution Approving Sale Agreement Sole Director

{{company_name}} {{company_address}} Phone: {{phone}} Email: {{email}} Website: {{website}}

BOARD RESOLUTION APPROVING SALE AGREEMENT (SOLE DIRECTOR)

Date: {{date}}

Company Name: {{company_name}}

Registered Address: {{registered_address}}

Shareholder(s): {{shareholder_names}}

BACKGROUND

WHEREAS, the Company, {{company_name}}, a company duly incorporated and validly existing under the laws of {{country}}, with its registered office at {{registered_address}}, is desirous of entering into a Sale Agreement (hereinafter the “Agreement”) for the sale of {{asset_description}} (hereinafter the “Asset”).

WHEREAS, the Sole Director of the Company, {{director_name}}, has reviewed the terms and conditions of the proposed Agreement and deems it to be in the best interests of the Company.

RESOLVED:

1. That the Sale Agreement between {{company_name}} and {{buyer_name}} for the sale of {{asset_description}}, a copy of which has been tabled before this meeting and initialled by the Sole Director for identification purposes, be and is hereby approved in its entirety.

2. That the Sole Director, {{director_name}}, be and is hereby authorised to execute the Sale Agreement and any other ancillary documents as may be necessary to give effect to the sale of the Asset under the terms approved.

3. That the Sole Director be and is hereby authorised to do all such acts, deeds, and things, and to sign all such documents and instruments as may be necessary or desirable to complete the transaction contemplated by the Sale Agreement, including, but not limited to, receiving payment of the purchase price of {{currency}} {{amount}} and effecting the transfer of the Asset to {{buyer_name}}.

4. That the terms of the Sale Agreement, including the purchase price of {{currency}} {{amount}}, the payment terms, and the transfer date of {{transfer_date}}, are hereby ratified and confirmed.

CERTIFICATION

I, the undersigned, being the Sole Director of {{company_name}}, do hereby certify that the foregoing resolutions were duly passed on the date first above written and are in conformity with the Memorandum of Incorporation/Articles of Association of the Company and the applicable laws of {{country}}.

I further certify that this resolution has not been amended, modified, or repealed and is in full force and effect as of the date hereof.

SIGNATURE

_____________________________ {{director_name}}

Sole Director

Date: {{date}}