Board Resolution to Open Bank Account

[COMPANY_NAME] (RC: ___________) EXTRACT OF THE MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS OF [COMPANY_NAME] HELD ON [DATE_OF_MEETING] AT THE REGISTERED OFFICE OF THE COMPANY. IT WAS RESOLVED AS FOLLOWS: 1. That a corporate bank account be opened in the name of the Company with [BANK_NAME], [BANK_BRANCH]. 2. That the Bank is hereby authorized to honour all cheques, drafts, bills of exchange, promissory notes or other orders for payment drawn, accepted or made on behalf of the Company, whether the account is in credit or overdrawn. 3. That the authorized signatories to the account shall be: a. [SIGNATORY_1_NAME] b. [SIGNATORY_2_NAME] 4. That the signing mandate for the account shall be: [SIGNING_MANDATE]. 5. That this resolution be communicated to the Bank and remain in force until duly revoked by a subsequent resolution of the Board of Directors. ___________________ DIRECTOR ___________________ SECRETARY