DIY Legal Forms

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Issue Option To Buy Shares

WHEREAS, in the judgment of the Board of Directors, it is in the best interests of the Corporation to grant to [Name] an option to purchase a certain number of shares of common stock of the Corporation; be it

RESOLVED, that for the good consideration, the Corporation grant and issue to [Name] an option to purchase an aggregate of (--) shares of the unissued common stock of the Corporation for the option price of $------ per share. This option shall terminate on [Date].

The undersigned hereby certifies that [Name] is the duly elected and qualified Secretary and the custodian of the books and records and seal of [Name], a corporation duly formed pursuant to the laws of the State of [State], and that the foregoing is a true record of a resolution duly adopted at a meeting of the Board of Directors, and that said meeting was held in accordance with state law and the Bylaws of the above named Corporation on [Date], and that said resolution is now in full force and effect without modification or rescission.

IN WITNESS WHEREOF, I have executed my name as Secretary and have hereunto affixed the corporate seal of the above named Corporation on [Date].

A True Record.

Attest.

Secretary