Minutes of Board of Directors to approve a director / shareholder's loan
Due notice of the meeting had been given to all Directors, in accordance with the Company’s Memorandum and Articles of Association. The following Director(s) gave notice of the following interest(s) in accordance with the Company’s Memorandum and Articles of Association: the named directors having a material personal interest in the matter of the loan, complied with the Company’s Memorandum and Articles of Association and [was/were] not present while the matter was considered and did not vote on Resolution(s). It is NOTED THAT the loan lender (“Lender”) shall lend a stipulated amount to the Company for the purposes of echo $PURPOSE; ?> (“Loan”). The interest payable to Lender in respect of the Loan shall be at the specified rate (%) per annum. The Loan shall be repayable over a period of time.