At a meeting of the Board of Directors of
duly convened and held on
, the following resolutions were duly passed and adopted:
RESOLVED, that the Board approves the borrowing of funds from
in the amount of
, on such terms and conditions as may be agreed upon.
RESOLVED FURTHER, that
is hereby authorized and empowered to execute all necessary documents and do all acts and deeds on behalf of the Company in connection with the said loan.
RESOLVED FURTHER, that a copy of this resolution be provided to
as evidence of the authority granted herein.