Board resolution for authorisation for entering into restated Shareholders agreement

 

“RESOLVED THAT the consent of the Board of directors be and is hereby accorded to enter into a Amended and Restated shareholders’ agreement to be executed between the Company, its holding Company, __________________________ and their respective shareholders.

RESOLVED FURTHER THAT any of the Directors be and are hereby severally authorized to negotiate and finalise the terms of agreement and to do such acts, deeds and things as the Board in its absolute discretion deems necessary or desirable in connection with the issue, including, but not limiting to, the following:

a)      Execute the shareholders’ agreement and such other deeds, documents, letters and writings as may be required in connection with the shareholders’ agreement (collectively referred to as the “Transaction Documents”); and

b)     do all other acts, deeds and things as may be deemed necessary to give effect to the foregoing and the other terms of this resolution.

RESOLVED FURTHER THAT any of the Directors be and are hereby severally authorized to take all necessary and appropriate steps relating to the Transaction Documents and such other documents including signing and submitting the necessary forms with the Registrar of Companies and other relevant governmental authorities.

RESOLVED FURTHER THAT a certified true copy of this resolution be furnished, as may be required, under the signatures of any of the Directors of the Company.”