Below is the  Board Resolution Approving Sale Agreement Sole Directortemplate body. If necessary, please put the personal information, company information, such as text to replace the specific content you need. you can download the .doc template file on the end of the article by click download link. 

BOARD RESOLUTION OF [YOUR COMPANY NAME]
APPROVING A SALE AGREEMENT 



The following resolution signed by the sole director entitled to vote of [YOUR COMPANY NAME] (the Corporation), pursuant to section [SPECIFY SECTION] of the [YOUR COUNTRY LAW ON CORPORATIONS], whereby a resolution in writing, signed by the sole director entitled to vote on that resolution at a meeting of the board of directors, is as valid as if it had been passed at a meeting, is hereby adopted and shall be deemed to have been adopted as of [DATE].


SALE AGREEMENT

WHEREAS the Corporation had issued promissory notes to [SPECIFY NAME] for an amount of [AMOUNT];

WHEREAS the Corporation owes [SPECIFY NAME], the amount of [AMOUNT] as a directors advance;

WHEREAS the Corporation is the owner of property (asset) located at [ADDRESS];

WHEREAS it is in the best interest of the Corporation to sell the above mentioned asset and to reimburse the aforementionned amounts to [SPECIFY NAME];


RESOLVED:

THAT the Corporation be and it is hereby authorized to enter into a Sale Agreement with [SPECIFY NAME] substantially in the form of the draft Sale Agreement submitted to the sole director for approval;

THAT the Corporation be and it is hereby authorized to reduce the purchase price of the said asset by the amount of [AMOUNT] representing promissory notes in the amount of [AMOUNT] and the directors advance of [AMOUNT];

THAT the draft Sale Agreement be and it is hereby approved;

THAT the director be and he is hereby authorized and instructed to sign a Sale Agreement to transfer said property to [SPECIFY NAME] upon receipt and cancellation of the corresponding promissory notes and upon receipt of a document signed by [SPECIFY NAME] acknowledging reimbursement by the Corporation, of said directors advance;

THAT the director of the Corporation be and he is hereby authorized to do all things, to sign any documents and to put forth all acts that are necessary or simply useful, at his sole discretion, to give full force and effect to the present resolution.




    
DIRECTOR        


    

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