Minutes of Board of Directors to approve a transaction and appointment of a POA to execute the transaction documents. If no documents are specified, to execute unspecified documents or perform unspecified acts in relation to the transaction.
The Board discussed the Transaction. The Chairperson noted the process of review which has been undertaken in respect of the documents relating to the Transaction ("Documents"). The Board acknowledged:
(a) that the Company’s involvement in the Transaction and execution of the Documents to which it is a party will benefit the Company and pursuit of its corporate objectives; and
(b) that there are reasonable grounds to believe that the Company’s execution of the documents to which it is a party and participation in the Transaction is in the best interests of the Company and its shareholders; and
(c) in deciding to commit the Company to the Documents to which it is a party and participate in the Transaction, the Directors would be acting for a proper purpose reasonably connected with the actual or potential business of the Company, and in accordance with the Company’s Memorandum and Articles of Association.
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