Board resolution, completion of buy-back, extinguishment and Capital Redemption Reserve

Extract from the minutes of the meeting of the Board of Directors of [ABC Private Limited] held on [Date of this Board meeting]

COMPLETION OF THE BUY-BACK, EXTINGUISHMENT AND PHYSICAL DESTRUCTION OF SECURITIES, AND TRANSFER TO THE CAPITAL REDEMPTION RESERVE ACCOUNT

The Chairman reported to the Board that the offer for buy-back of equity shares made pursuant to [the resolution of the Board dated [DD.MM.YYYY] / the special resolution of the Members dated [DD.MM.YYYY]] opened on [Date the offer opened] and closed on [Date the offer closed]; that verification of the offers received was completed on [Date verification of offers was completed], being within fifteen days of the closure of the offer; that a separate bank account bearing number [Account number of the separate buy-back bank account] with [Name of the bank] was opened immediately after the closure of the offer and funded with the entire sum due and payable as consideration; and that the consideration was paid in cash and the securities not accepted were returned on [Date securities not accepted were returned], being within seven days of the completion of verification.