MINUTES OF MEETING OF THE BOARD OF DIRECTORS OF
A meeting of the Board of Directors (the “Board”) of
_____________, Inc., a [Delaware) corporation (the “Company”) was held at [insert location of meeting], on [insert date], commencing at [insert start time]. Directors in attendance included Messrs. [insert directors attending]. The following directors were not in attendance: [insert]. [Also in attendance was [
__________ of legal counsel], and [insert others].
__________ was the Chairman of the meeting, and [
__________] served as Acting Secretary for the meeting.
The Chairman called the meeting to order.
The first order of business was approval of minutes from the prior board meeting held on
__________ . Upon motion duly made, seconded and approved, the board approved the minutes of the prior meeting [in the form presented/with certain changes].
The next item of business was [indicate which items of business were discussed].
If a motion is passed, say, “Upon motion duly made, seconded and adopted, the board approved…”
[If there are stock options to be issued, then more detailed resolutions are required.]
The board then discussed a variety of issues affecting the business, including [e.g., product development, marketing, product rollout and implementation, strategic relationships, media relations, staffing, the status of the certain significant contracts issues related thereto]. [The board then discussed financial issues, including the Company’s current cash position, outstanding bills, payroll, budget, burn rate, and the status of the Company’s stock offering. Finally, the board discussed its meeting schedule for future meetings.]
There being no further business, the meeting was adjourned at [insert time]. Respectfully submitted,
___________________________, Acting Secretary