Below is the  Board Resolution Approving Sale Of Sharestemplate 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 THE SALE OF SHARES



RESOLVED:

THAT the Corporation sell and transfer to [COMPANY NAME] the [NUMBER] Class [SPECIFY] Common Shares in the authorized capital stock of [COMPANY NAME] held by the Corporation, the whole subject to and substantially upon the same terms and conditions contained in a draft share purchase agreement between the Corporation and, inter alia, [COMPANY NAME] submitted to and reviewed by the Board of Directors of the Corporation (the Share Purchase Agreement);

THAT the Corporation be and it is hereby authorized to enter into the Share Purchase Agreement;

THAT any officer or director of the Corporation, acting alone, be and he is hereby authorized and directed for and on behalf of and in the name of the Corporation to execute and deliver the Share Purchase Agreement with such changes as he in his discretion may deem fit, his signature being conclusive proof of the execution of the Share Purchase Agreement by the Corporation, as well as to execute and deliver all such other deeds, documents, instruments in writing and to perform and do all such acts and things as he in his discretion may consider to be necessary, desirable or useful for the purpose of giving effect to this resolution.

UNANIMOUS SHAREHOLDERS AGREEMENT RESOLVED:

THAT the Corporation be and it is hereby authorized to enter into a unanimous shareholders agreement providing, inter alia, for the manner in which the affairs of [COMPANY NAME] shall be conducted, the whole subject to and substantially upon the same terms and conditions contained in a draft unanimous shareholders agreement between the Corporation and [COMPANY NAME], [INDIVIDUALS NAME], and [COMPANY NAME] (the Unanimous Shareholders Agreement);

THAT any officer or director of the Corporation, acting alone, be and he is hereby authorized and directed for and on behalf of and in the name of the Corporation to execute and deliver the Unanimous Shareholders Agreement with such changes as he in his discretion may deem fit, his signature being conclusive proof of the execution of the Unanimous Shareholders Agreement by the Corporation, as well as to execute and deliver all such other deeds, documents, instruments in writing and to perform and do all such acts and things as he in his discretion may consider to be necessary, desirable or useful for the purpose of giving effect to this resolution.



IN WITNESS WHEREOF, each party to this agreement has caused it to be executed at [PLACE OF EXECUTION] on the date indicated above.


CORPORATION          SHAREHOLDER



                          
Authorized Signature          Authorized Signature


                          
Print Name and Title          Print Name and Title

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