Minutes of the Board of Directors

____________________________
("the Company")
Minutes of the Board of Directors of the Company held on ________ 2012,
at the Company's registered office, commencing at 9.00 a.m.
_________________________________________________________________________________

PRESENT: _______________, Director (Chairman)
_______________, Director
IN ATTENDANCE: ______________________,
for and on behalf of ______________, Secretary
_________________________________________________________________________________

1. Opening of Meeting
1.1 ____________________ was elected Chairman of the Meeting and took the Chair.
1.2 The Chairman declared the Meeting open having been satisfied that due notice of the Meeting had been given and noting that the quorum for the Meeting of Directors was present.
1.3 It was noted that ______________ participated in the meeting by means of telephone conference.
2. Execution of the Company’s resolution
2.1 The Chairman produced to the Meeting the draft of resolution of the Company, as the sole participant of ________, approving the termination of powers of the Board of Directors of _________ effective as of ___________ (the “Resolution”).
2.2 IT WAS UNANIMOUSLY RESOLVED THAT _____________________.
3.         There being no other business the meeting came to an end at 9.30 am.

_______________________________ _____________
             
Director/Chairman Director