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Board & Shareholder Resolutions

The board of directors resolved to enter into an asset purchase agreement between XYZ Corporation, John Doe, Richard Roe, and ABC Corporation, subject to shareholder approval. The president and secretary were authorized to execute all necessary documents to complete the sale under the terms of the agreement. Similarly, the shareholders resolved for the corporation to enter the same asset purchase agreement and authorized the board of directors to take any required actions to effectuate the sale.

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errol ramos
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96 views1 page

Board & Shareholder Resolutions

The board of directors resolved to enter into an asset purchase agreement between XYZ Corporation, John Doe, Richard Roe, and ABC Corporation, subject to shareholder approval. The president and secretary were authorized to execute all necessary documents to complete the sale under the terms of the agreement. Similarly, the shareholders resolved for the corporation to enter the same asset purchase agreement and authorized the board of directors to take any required actions to effectuate the sale.

Uploaded by

errol ramos
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Board of Directors’ Resolutions – Sale/Purchase

RESOLVED, that subject to the approval of its shareholders, the Corporation enter into the proposed

Assets Purchase Agreement by and among XYZ Corporation (Seller), John Doe and Richard Roe

(Shareholders) and ABC Corporation (Purchaser) and all of the other documents referred to therein,

including such other instruments and documents necessary and proper to consummate the closing of the

transaction contemplated by the Assets Purchase Agreement; and it is further

RESOLVED, that the President and Secretary of the Corporation are each directed and authorized to take

all necessary steps and to execute all necessary documents to effectuate this (sale/purchase) under the

terms of the Assets Purchase Agreement.

l e
hase
Shareholders’ Resolution – Sale/Purchase

ts Purchase Agreeme
RESOLVED, that the Corporation enter into a proposed Assets Agreemen
Agreement by and among XYZ

p
ers) and ABC Corpora
reholders)
Corporation (Seller), John Doe and Richard Doe (Shareholders) tion (Purchaser) and all
Corporation

m
cludingg such other instrumen
of the other documents referred to therein, including instruments and documents necessary and

saction contemplated by
proper to consummate the closing of the transaction b the Assets Purchase Agreement; and

a
it is further

S
hee board of directors of the
RESOLVED, that the th Cor
Corporation be and they hereby are directed and

authorized to take suchh action as may be necessary


necess to effectuate this (sale/purchase) under the terms of

ment.
ement.
the Assets Purchase Agreement.

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