EXTRACT FROM THE MINUTES OF MEETING

RESOLUTION OF THE BOARD OF DIRECTOR

RESOLUTION CONFIRMING THE EXECUTION OF THE TRANSFER OF SHARES

Meeting of the Board of Directors of M/s ________________ (Pvt.) Ltd. held on

December , 2019 at its registered Office # 3-4B, Mezzanine Floor,
K………………………………. Plaza, J…………………. Avenue, B……….. Area, I……………..

Attendance:

BOARD MEMBER SIGNATURES

G……………. M………………. S…………..I

CNIC # 6………………………………..
(In the Capacity of the outgoing Share
Holder & Member of the Board of
Director)

M…………………. I…………… A………….

CNIC # 3………………
Chief Executive

I…………………….. S…………………
CNIC # 3…………………………..
(In the Capacity of the New Share
Holder & Member of the Board of
Director)

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Resolution:

The Board of Directors of the Company discussed and resolved unanimously that:

1. Mr. G………… M…………. S……….. one of the Shareholder/Director of the

company has shown his consent to sell all of his 20,000 Twenty Thousands
ordinary Shares and also served notice to Sell in writing dated December
______2019 to the Board of Directors / Shares holders.
2. That Mr. M…………….. I……….. A…………. being the Shareholder and Chief
Executive Officer has also submitted his refusal to purchase the Shares
offered by Mr. G…………….. M…………… S…………….. in writing dated
December ______2019.
3. That Mrs. I…………………S……………….. W/O Mr. M…………….. I………… A…………..
CNIC #3………………………. has shown her interest in writing dated December
______2019 to purchase all of 20,000 Twenty Thousands ordinary Shares
from Mr. G………… M…………. S……….. on an agreed price of Rs. 10/- Per
share total of the value of Rs. 200,000/-
4. That both Mr. M……… I…………. A………………. in the capacity of the Chief
Executive/Board Member and Shareholder of the company and Mr.
G………… M…………. S……….. in the capacity of the Seller/Transferor have no
objection on the said offer and willing to accept the offer made by Mrs.
I………………. S………………….
5. That Mr. M………………. I……………. A………….. CEO of the company is
authorised to supervise the execution of the transfer of the Shares.

CEO/Secretary
(M………….. I…. A…………….)

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