‘CORPORATE’ BOARD RESOLUTION FOR BUYING SHARES (Please remove)

[[Corporate Shareholder Name]]

(Referred to as the“Company”)

Board Resolution for Acquisition of Shares

Certified that the following resolutions were passed at the meeting of the Board of theCompanyon [[Resolution Date]],where the requisite quorum was present, and have been duly recorded in the minutes book.

It was noted that the Company intends to acquire some or all of the shares, subject to certain conditions from [[Current Individual/Corporate Shareholder Name]]in [[DMCC Company Name]](referred to as the“DMCC Company”),a limited liability company organised and existing under the laws of the Dubai Multi Commodities Centre (referred to as "DMCC").

It has been resolvedand ratified to accept the below acquisition and the new shareholding structure of the DMCC Companywith effect from [[Resolution Date]]:

SHAREHOLDER / BEFORE / AFTER / SHARE VALUE
NAME / [[Current Individual/Corporate Shareholder Name]]
NUMBER OF SHARES / [[No. of Shares
before transfer]] / [[No. of Shares
after transfer]] / AED
[[Share Value]]
SHAREHOLDER / BEFORE / AFTER / SHARE VALUE
NAME / [[Current Individual/Corporate Shareholder Name]]
NUMBER OF SHARES / [[No. of Shares
before transfer]] / [[No. of Shares
after transfer]] / AED
[[Share Value]]

It has been resolvedand ratified that[[Authorised SignatoryName]]be appointed as the authorised signatory of the Company, to sign all documents related to the above-mentioned share transfer, including but not limited to the amendment of this Resolution, Share Transfer Form and/or amendments tothe Memorandum and Articles of Association as required.

It was further resolved that a certified copy of the foregoing resolution be furnished to DMCC for their approval and records.

Signed and approved by:

Board of Directors of [[New Corporate Shareholder Name]]

Printed Name and Signature

[[Resolution Date]]

IMPORTANT NOTICE:

  1. KINDLY DELETE THIS PART OF THE RESOLUTION.
  1. THIS TEMPLATE IS REQUIRED IF THE BUYING SHAREHOLDER IS A CORPORATE ENTITY.
  1. TO BE PRINTED ON CORPORATE SHAREHOLDER’S COMPANY LETTERHEAD AND STAMPED.
  1. EACH TABLE OF THE SHAREHOLDING STRUCTURE SHOULD APPEAR PER SHAREHOLDER, TRANSFERRING THEIR SHARES OR NOT.
  1. PLEASE EDIT THE REQUIRED FIELDS AS INDICATED IN THE TEMPLATE.
  1. PLEASE NOTE THAT THIS TEMPLATE IS FOR REFERENCE ONLY AND YOU MAY EDIT IT AS PER YOUR REQUIREMENTS.

Version 1.0_12JUN2017