Draft a hypothetical resolution of transfer of shares to be adopted by a board of directors.

Minutes of 120th Board Meeting held on 4th March 2007 of ABC Co. Ltd. at its registered office House No. 5, Road No. 16, Dhanmondi, Dhaka.

A meeting of the Board of Director of Tanmoy Company limited was held on —at its registered office.

Following members of the Board were present:
1. Mr. X
2. Mr. Y
3. Mr. Z

Mr. X, Chairman of the Board presided over the meeting.

Following business were transacted in the meeting:

Agenda: 1 Proposal of transfer of shares of shareholder Mr. T

The board was informed that Mr. T applied for transfer of 100 shares from his name to Mr. K and form 117 and related share certificates were submitted duly for necessary action. After discussion the Board decided as follows:

"The proposal for transfer of shares is approved".

As there being no other issues to discuss the meeting ended with vote of thanks to and from the Chair.

Mr. L                                                                              Mr. X
Company Secretary                                                      Chairman of the Board of Directors