Common use of DIRECTORS’ STATEMENT Clause in Contracts

DIRECTORS’ STATEMENT. The Board, having considered all aspects of the MOU, is of the opinion that the MOU is in the best interest of the Company.

DIRECTORS’ STATEMENT. The Board, after having considered all aspects of the MOU, including the salient terms of the MOU, rationale and financial effects, is of the opinion that the entering into this MOU is in the best interest of the Company.