Board Resolution to Settle Litigation

{{company_name}}

{{company_address}}

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

Board Resolution to Settle Litigation

Board Resolution to Settle Litigation

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

BOARD RESOLUTION TO SETTLE LITIGATION

Date

{{current_date}}

WHEREAS

WHEREAS, a legal dispute exists between {{company_name}} (the “Company”) and {{other_party_name}} (the “Other Party”) regarding {{brief_description_of_dispute}} (the “Litigation”);

WHEREAS, the Board of Directors has reviewed and considered the merits of the Litigation, the potential costs and risks associated with continuing the Litigation, and the proposed terms of settlement;

WHEREAS, it is in the best interests of the Company and its shareholders to resolve the Litigation efficiently and prudently.

RESOLUTIONS

RESOLVED, that the Board of Directors hereby approves the settlement of the Litigation with {{other_party_name}} on the terms and conditions substantially as outlined in the proposed settlement agreement dated {{settlement_agreement_date}}, a copy of which has been presented to and reviewed by the Board;

RESOLVED FURTHER, that {{authorized_officer_name}} as {{authorized_officer_title}} of the Company, or any other authorised officer of the Company, be and is hereby authorised, empowered, and directed to execute, deliver, and perform all acts, deeds, and things necessary to give effect to this Resolution and the settlement agreement, including, but not limited to, signing the final settlement agreement, issuing any required payments of {{settlement_amount}} in {{currency}} to {{other_party_name}}, and taking all necessary steps to conclude the Litigation;

RESOLVED FURTHER, that all actions previously taken by any officer or director of the Company in connection with the settlement of the Litigation are hereby ratified and approved.

CERTIFICATION

I, the undersigned, 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 which a quorum was present and voting throughout, and that such resolution is in full force and effect as of the date hereof.

SIGNATURE

_____________________________

{{secretary_name}}

Company Secretary

{{company_name}}

Date: {{signature_date}}