ACTION BY BOARD OF DIRECTORS OF [YOUR CORPORATION]
THROUGH UNANIMOUS CONSENT
A Corporation Formed Under the Laws of the [STATE]
The undersigned, being all of the directors of [YOUR CORPORATION], a corporation formed under the laws of the [STATE], do hereby unanimously agree and consent, in lieu of notice and meeting, to the following:
RESOLVED, that it is desirable and in the best interest of this corporation that up to [NUMBER TO BE SOLD] shares of the corporation's common stock be offered for sale at a price of $[SALE PRICE PER SHARE] per share, that the officers of the corporation are hereby authorized to perform on behalf of this corporation any and all acts as they may deem necessary or advisable in order to effect the sale and transfer of the aforementioned common shares and to comply with any applicable federal or state securities law.
BE IT FURTHER RESOLVED that the aforementioned consideration to be received for the shares to be issued constitutes, in the opinion of the board, adequate value.
No further actions were taken on this date.
Dated: [DATE].
_________________________________ _________________________________ [NAME OF DIRECTOR 1]: [NAME OF DIRECTOR 2] Director Director
_________________________________
_________________________________[NAME OF DIRECTOR 3] [NAME OF DIRECTOR 4] Director Director
The above constituting the entire board of directors of the corporation.
Note: Please consult with an attorney knowledgeable in the area of securities law prior to selling stock in a corporation to outside parties.
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