Board Resolution Approving Unanimous Shareholders Agreement

Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Board Resolution Approving Unanimous Shareholders Agreement

This Resolution is made and entered into on this {{day}} day of {{month}}, {{year}}, by the Board of Directors of {{company_name}} (hereinafter referred to as “the Company”).

Background

WHEREAS, the Company’s shareholders have proposed to enter into a Unanimous Shareholders Agreement (hereinafter referred to as “the USA”) to regulate the affairs of the Company, the exercise of their rights as shareholders, and the management of the Company.

AND WHEREAS, a draft of the USA has been presented to the Board of Directors for review and consideration.

Resolution

IT IS HEREBY RESOLVED THAT:

1. The Board of Directors deems it to be in the best interest of the Company and its shareholders to approve the proposed Unanimous Shareholders Agreement.

2. The draft Unanimous Shareholders Agreement, a copy of which is attached hereto as Annexure 'A' and which has been initialed by the Company Secretary for identification purposes, be and is hereby approved.

3. Any one director of the Company be and is hereby authorized to take all such steps and execute all such documents as may be necessary or desirable to give effect to this resolution, including but not limited to, formally indicating the Board's approval to the shareholders and facilitating the execution of the USA by the shareholders.

4. This resolution shall be recorded in the minute book of the Company and shall be effective from the date first above written.

Certification

Certified to be a true and correct copy of a resolution duly passed by the Board of Directors of {{company_name}} at a meeting held on {{date_of_meeting}}.

Signature Block

___________________________

{{director_name}}

Director

Date: {{date}}