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BOARD RESOLUTION OF [YOUR COMPANY NAME] TO SETTLE LITIGATION

DULY PASSED ON [DATE]



SETTLEMENT OF LITIGATION

WHEREAS, [YOUR COMPANY NAME] and [NAME] are presently engaged in litigation, and 

WHEREAS, an offer of settlement has been proposed, and 

WHEREAS, it is in the best interests of [YOUR COMPANY NAME] to accept said settlement and terminate the litigation, be it:

RESOLVED, that [YOUR COMPANY NAME] accept the settlement offer as presented to the Board and as attach hereto the present resolution; and, it is

RESOLVED, that the officers of this corporation are, and each acting alone is, hereby authorized to do and perform any and all such acts, including execution of any and all documents and certificates, as such officers shall deem necessary or advisable, to carry out the purposes and intent of the foregoing resolutions.

RESOLVED FURTHER, that any actions taken by such officers prior to the date of the foregoing resolutions adopted hereby that are within the authority conferred thereby are hereby ratified, confirmed and approved as the acts and deeds of this corporation.

It is hereby certified by the undersigned that the foregoing resolution was duly passed by the Board of Directors of the above-named Company on the [DAY] day of [MONTH, YEAR], in accordance with the Memorandum or By-Laws and Articles of Incorporation of the Company and the laws and by-laws governing the Company and that the said resolution has been duly recorded in the Minute Book and is in full force and effect.



          
[DIRECTOR]



          
[DIRECTOR]



          
[DIRECTOR]


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