Resolution of the Board of Directors for the Time Being

Resolution of the Board of Directors for the time being

Resolution of the Directors of

Insert Company Name(Insert Company Registration Number)

("the Company")

Notice of a meeting having been dispensed with by the Directors, it is hereby unanimously resolved:

1RESOLVED

That the Company open a account("the account") with FNB Securities (Registration Number 1996/011732/07), its successors in title and assigns ("FNBS") and to that end the Company shall sign FNB Securities usual form of account opening documents, application form/s, mandate documents, trading/dealing agreements and all ancillary documents relating to the account.

2RESOLVED FURTHER

That any accountopened with FNB Securitiesprior to the date of this resolution by any person authorised herein, purporting to act on behalf of the Company, as well as any document signed in respect of such account, be and is hereby ratified.

3RESOLVED FURTHER

That:
Insert Authorised Representative's Name
ID No Insert Authorised Representative's ID Number
______
(Specimen Signature)

be and is hereby authorised and empowered in his/her absolute sole discretion to -

4.1settle the terms and conditions of and sign all such documents as may be necessary in order to implement these resolutions;

4.2to nominate any person/s as being authorised to transact on the account from time to time;

4.3bind the Company to any Terms and Conditions that may be applicable to the account;

4.4terminate the authority of any person to transact on the account;

4.5give instructions to FNB Securitiesto buy and sell investments;

4.6give instructions to withdraw and/or access funds in the account;

4.7give instructions to FNB Securitiesin respect of corporate actions;

4.8give instructions to FNB Securitiesto transfer funds between the Company’s accounts in the event that the Company holds more than one account with FNB Securities;

4.9enter into a joint account agreement on behalf of the Company, in respect of the account; and

4.10give instructions to FNB Securitiesto close the account.

Certified a true extract