Board Resolution Approving Declaration of Dividend & Loan

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BOARD RESOLUTION APPROVING DECLARATION OF DIVIDEND & LOAN

WHEREAS, due notice of this meeting has been given to all Directors of the Company;

WHEREAS, the Board of Directors has reviewed the financial performance of the Company for the fiscal year ended {{fiscal_year_end_date}};

WHEREAS, the Board deems it appropriate to declare a dividend to the shareholders of the Company;

WHEREAS, the Board has considered the request for a loan from {{borrower_name}} and assessed its financial implications for the Company; and

WHEREAS, it is in the best interest of the Company to approve the said loan under the stipulated terms and conditions.

DECLARATION OF DIVIDEND

RESOLVED, that a dividend of {{dividend_amount_per_share}} per ordinary share be and is hereby declared for the fiscal year ended {{fiscal_year_end_date}}.

RESOLVED FURTHER, that the dividend shall be payable to shareholders whose names appear in the Company’s Register of Members as at the close of business on {{record_date}}.

RESOLVED FURTHER, that the payment of the declared dividend shall be made on or before {{payment_date}}.

RESOLVED FURTHER, that {{name_of_officer}} ({{title_of_officer}}) be and is hereby authorized to take all necessary steps to give effect to this resolution, including but not limited to, the preparation of dividend warrants or electronic transfers, and any necessary communications to shareholders.

APPROVAL OF LOAN

RESOLVED, that a loan of {{loan_amount}} ({{currency}}) be and is hereby approved to {{borrower_name}} (hereinafter referred to as “the Borrower”).

RESOLVED FURTHER, that the terms of the loan shall be as follows:

a. Principal Amount: {{loan_amount}} ({{currency}})

b. Interest Rate: {{interest_rate}}% per annum

c. Repayment Period: {{repayment_period}} months/years

d. Commencement Date: {{loan_commencement_date}}

e. Repayment Schedule: {{repayment_schedule}}

f. Collateral (if any): {{collateral_description}}

RESOLVED FURTHER, that {{name_of_officer}} ({{title_of_officer}}) be and is hereby authorized to negotiate, finalize, and execute all necessary loan agreements, security documents, and any other instruments required to give effect to this resolution.

GENERAL RESOLUTIONS

RESOLVED, that any Director or officer of the Company be and is hereby authorized to do all such acts or things as may be necessary or desirable to carry into effect the foregoing resolutions.

RESOLVED FURTHER, that these resolutions shall be incorporated into the minutes of this meeting.

CERTIFICATION

I, {{secretary_name}}, Secretary of {{company_name}}, do hereby certify that the foregoing is a true and correct copy of a resolution duly adopted by the Board of Directors of the said Company at a meeting duly convened and held on {{date_of_meeting}} at {{time_of_meeting}} at {{place_of_meeting}}, at which a quorum was present and voting throughout.

Dated this {{day}} day of {{month}}, {{year}}.

SIGNATURE

_____________________________

{{secretary_name}}

Company Secretary

_____________________________

{{director_name}}

Director