RESOLVED THAT Clause Samples

RESOLVED THAT. The merger of American Exploration with and into the Company on the terms and subject to the conditions of the Agreement and Plan of Merger is hereby approved and recommended to the stockholders of the Company;

RESOLVED THAT. The Trust BUYS the following PROPERTY .................................................................................................................................................... from ............................................................................................................................................ for the amount of R ....................................................................................................................

RESOLVED THAT. The merger of the Company with and into Mainland on the terms and subject to the conditions of the Agreement and Plan of Merger is hereby approved and recommended to the stockholders of the Company;

RESOLVED THAT. The enterprise submits a Tender to Mossel Bay Municipality in respect of the following: (list all the legally correct full names and registration numbers, if applicable, of the Enterprises forming the Consortium / Joint Venture).

RESOLVED THAT. The above-mentioned Enterprises submit a Bid in Consortium/Joint Venture to the South African National Biodiversity Institute in respect of the following project: (Project description as per Bid /Tender Document) Bid / Tender Number: (Bid / Tender Number as per Bid

RESOLVED THAT. 1. the Close Corporation BUYS the following PROPERTY .................................................................................................................................................... from ............................................................................................................................................ for the amount of R.....................................................................................................................

RESOLVED THAT. 1. The Company BUYS the following PROPERTY .................................................................................................................................................... from ........................................................................................................................................... for the amount of R ....................................................................................................................

RESOLVED THAT. The TRUST buyer the following PROPERTY …………………………………………….. From ………………………………………. For R ………………………………………

RESOLVED THAT. (a) the acquisition of the Sale Shares would be in the best interests and commercial benefit of the Company and such acquisition be and the same is hereby approved; (b) the form and substance of the Sale and Purchase Agreement, attached hereto as Exhibit A, be and is hereby approved; (c) any one Director of the Company (a “Director”) be and is hereby authorised to sign for and on behalf of the Company the Sale and Purchase Agreement and the share transfer forms (if necessary) for the Transfers 1 through 14; (d) any one Director be and is hereby authorised to sign any further documents incidental or ancillary to or in connection with each of the documents referred to above, and such further documents as he considers necessary, desirable or incidental to transactions contemplated by the Sale and Purchase Agreement; (e) any Director be and is hereby authorised to allot and the Company issue as fully paid, validly issued and nonassessable, an aggregate of 90,363,999 ordinary shares of the Company par value of US$0.001, per share (the “Consideration Shares”) to the Vendors in such proportions as set out in Column 2 of Part B of Schedule 1 of the Sale and Purchase Agreement and the allottees be entered in the Company’s register of members as the holders of the said Consideration Shares; (f) any one Director or officer of the Company be and is hereby authorised to issue share certificates evidencing the issue and allotment of the Consideration Shares as disclosed above; (g) the form and substance of the Agreement for the Transfer and Assumption of Obligations, attached hereto as Exhibit B, be and is hereby approved; (h) any one Director be and is hereby authorised to sign for and on behalf of the Company the Agreement for the Transfer and Assumption of Obligations; (i) any one Director be and is hereby authorised to sign any further documents incidental or ancillary to or in connection with each of the documents referred to above, and such further documents as he considers necessary, desirable or incidental to transactions contemplated by the Agreement for the Transfer and Assumption of Obligations; (j) It is resolved that ▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇ Yongcun and ▇▇▇▇ ▇▇▇ are appointed as directors of the Company with immediate effect. (k) any one Director be and is hereby authorised to approve any amendments to each of the documents referred to in this paragraph 4, such approval being conclusively evidenced by his signature on the relevant documents. Name: ▇▇▇▇ ▇▇▇ Title...