SHAREHOLDERS' RESOLUTION APPROVING LOANS TO DIRECTORS, OFFICERS OR EMPLOYEES
Upon a duly made, seconded and unanimously adopted motion, the shareholders of this Corporation adopted the following resolution: WHEREAS, the Board of Directors has presented the shareholders with its resolution recommending that this Corporation provide [N], [N] of this Corporation, with a loan in the amount of [N] Dollars ($[N]), it is hereby: RESOLVED, that the aforesaid resolution of the Board of Directors, dated [DATE], a copy of which the Secretary of the Corporation is directed to attach to the minutes of this meeting, be and hereby is approved, and the Treasurer of this Corporation is hereby directed forthwith to make the aforementioned loan to [N] on the terms and conditions set out in the above-cited resolution of the Board of Directors. The undersigned, [N], certifies that I am the duly appointed Secretary of [COMPANY NAME] Corporation and that the above is a true and correct copy of a resolution duly adopted at a meeting of the shareholders thereof, convened and held in accordance with law and the Bylaws of said Corporation on [DATE], and that such resolution is now in full force and effect. IN WITNESS THEREOF, I have affixed my name as Secretary of [COMPANY NAME] Corporation.
Dated: [DATE]
____________________ Secretary