Board Resolution to Purchase Equipment

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

BOARD RESOLUTION TO PURCHASE EQUIPMENT

Date: {{date}}

Reference No: {{resolution_reference_number}}

WHEREAS

The Board of Directors (hereinafter referred to as “the Board”) of {{company_name}} (hereinafter referred to as “the Company”) deems it necessary and beneficial for the Company to acquire new equipment to enhance operational efficiency and achieve strategic objectives.

PROPOSED EQUIPMENT ACQUISITION

The proposed equipment consists of: {{equipment_description}} (hereinafter referred to as “the Equipment”).

The estimated total cost of the Equipment is {{currency}} {{total_cost}}, inclusive of installation, delivery, and any associated taxes.

FINANCING OF EQUIPMENT

The Board has reviewed the various financing options available and has determined that the most suitable method for financing the Equipment is {{financing_method}}.

This financing method will involve {{financing_details}}, with an expected impact on the Company’s financial position as follows: {{financial_impact_description}}.

RESOLUTIONS

IT IS HEREBY RESOLVED THAT:

1. The Company proceeds with the purchase of the Equipment as described above.

2. The total expenditure for the acquisition of the Equipment shall not exceed {{currency}} {{maximum_authorized_amount}}.

3. The Managing Director, {{managing_director_name}}, or any other duly authorized director, is hereby authorized to negotiate, approve, and execute all necessary agreements, contracts, and documents pertaining to the purchase and financing of the Equipment, including but not limited to purchase agreements, loan agreements, and security documents.

4. The Company Secretary is hereby authorized to affix the Company Seal, if required, to any such documents.

5. All actions taken by the Managing Director or authorized director in furtherance of this resolution, prior to and subsequent to the date hereof, are hereby ratified and confirmed.

CERTIFICATION

I, {{company_secretary_name}}, Company Secretary of {{company_name}}, hereby certify that the foregoing is a true and accurate copy of a resolution duly adopted by the Board of Directors of the Company at a meeting held on {{meeting_date}}, at which a quorum was present and voting throughout, and that such resolution is in full force and effect as of the date hereof.

Signature Block

_____________________________

{{company_secretary_name}}

Company Secretary