ACCOUNT_JOB_COMPANY
ACCOUNT_COMPANY_REG_NO
(“Company”)

Minutes of meeting of Directors 

MINUTES OF MEETING OF THE DIRECTORS OF THE ABOVENAMED COMPANY DULY PASSED PURSUANT TO THE ARTICLES OF ASSOCIATION OF THE COMPANY ON 27 December 2024.


1.     PRESENT

CHAIRMAN_NAME (Chairman)
       
2.     QUORUM

It was noted that a quorum was present and the meeting had been duly and properly convened.

3.     CHAIRMAN

CHAIRMAN_NAME, was elected the Chairman of the meeting.

4.     IT WAS NOTED THAT:

We, being all of the Directors of the Company entitled to vote, by signing this resolution are in favour of the resolutions referred to below.

1    NOTED THAT the Directors have duly declared their interests (if any) in the transaction and the arrangements contemplated therein, in accordance with the articles of association of the Company.

2    NOTED THAT director LENDER_NAME (“Director B”) shall lend an amount of CURRENCY$LOAN_AMOUNT to the Company for the purposes of funding the working capital of the Company (“Loan”).  The interest payable to Director B in respect of the Loan shall be INTEREST_RATE% per annum, which shall constitute a total amount of CURRENCY$TOTAL_INTEREST.  The Loan shall be repayable on REPAYMENT_DATE.

3    FURTHER NOTED THAT the transactions contemplated thereby were carefully considered by the Directors and it is in the best interest and to the benefit of the Company.

4    RESOLVED THAT:-   

(a)    the Loan contemplated therein be and are hereby approved by the Company and are in its long term commercial benefit, best interest and for the purpose of its business;

(b)    any one Director is hereby authorised to sign, execute, seal or despatch all such documents and ancillary documents and to perform all such acts on behalf of the Company in connection with the Loan and the transactions contemplated thereby as that Director shall in his sole opinion and absolute discretion think fit;

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