Resolution for fixed deposit Loan

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CAR INSURANCE MANAGEMENT CO. LTD

Resolution in writing of the Members of the Car Insurance Management co. Ltd Condominium Plan No. XXX adopted by circulation on 30^th October,  2013

FIXED DEPOSIT OVERDRAFT FACILITY          - PEOPLES BANK

                                                                          LKR 2,000,000.00

                                                                          Current Account No: 30XXXX22553XXX5

We the undersigned being the Council Members Of the council of Car Insurance Management co. Ltd, Condominium Plan No: XXXX (hereinafter referred as the ”Management Corporation”

HEREBY RESOLVE:

That the Management Co. Ltd obtains an overdraft facility of Rupees Two Million (Rs. 2,000,000.00) only from Peoples bank, XXXX Plaza, against the following fixed deposit certificate for Rupees two Million two hundred and seventy one thousand five cents seventy eight ( Rs. 2,271,005/78 ) of Liberty Plaza.

Certificate No	Rate	Amount Rs. Cts
3XX-60-01-000XX783-X	10.5%	2,000,000.00

FURTHER RESOLVED:

That any Directors of the Company be and are hereby authorize to sign any document in connection with obtaining the above facility

NAMES OF THE COUNCIL MEMBERS                                    SIGNATURE

Mr. XXXX Jathilaka                                                     ……………………………..

Mr. D. Herath                                                              ……………………………..

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