Resolution Details

• Indicate the full name of a third party from whom the Company plans to borrow money:

• Indicate the total loan amount, in U.S. dollars:

• Provide a detailed description of all terms and conditions governing this loan:

  !

  The terms and conditions of a loan include:

  – duration of a loan;
  – interest rate (if applicable);
  – possibility to repay earlier;
  – penalties for late payment (if applicable) etc.

• Specify the full name of the individual authorized to sign this loan agreement on behalf of the Company:

• Indicate the full name of a person (borrower) to whom the Company wishes to borrow money:

• Indicate the total amount of a loan, in U.S. dollars:

• Provide a detailed description of all terms and conditions governing this loan:

  !

  The terms and conditions of a loan include:

  – duration of a loan;
  – interest rate (if applicable);
  – possibility to repay earlier;
  – penalties for late payment (if applicable) etc.

• Specify the full name of the individual authorized to sign this loan agreement on behalf of the Company:

• Specify the name of the contract the Company intends to execute:

• Specify the full name of the third party with whom the Company intends to enter into the contract:

• Describe in detail the principal terms and conditions of the proposed contract:

  !

  The principal terms and conditions may include:

  – contract price;
  – payment terms;
  – scope of services or works;
  – liability limitations;
  – contract duration etc.

• Specify the full name of the individual authorized to sign the future contract on behalf of the Company:

• Indicate the total number of stocks the Company plans to issue:

• Indicate the stocks' type:

• Indicate the par value of one stock, in U.S. dollars:

  !

  Par value stock is stock issued with a minimum stated value printed on the certificate, representing the lowest price the corporation can legally sell the shares for.

  In modern U.S. practice, par value is mostly symbolic and does not reflect the stock’s actual market value.

• Specify the full legal names of the individuals (shareholders, investors, or employees) to whom the issued shares will be offered:

• Indicate the full name of a banking/financial institution where the Company wants to open an account:

• Specify the full name and official position of the individual who will be an authorized signatory on the bank account:

• Specify the full names and official positions of the individuals to be appointed as new officers of the Company:

• Specify the full name of the individual who will be responsible for signing employment or service contracts with the officers:

• Specify the effective date on which the newly appointed officers will commence their duties:

• Describe in detail which resolution should be adopted:

• Indicate the name and position of the individual who will ensure this resolution is properly executed:

• Specify the clause number and title of the document that authorizes the Directors to adopt this resolution without holding a meeting:

  !

  A company’s director could have a right to adopt resolutions without a meeting by virtue of corporate bylaws or articles of incorporation.

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