Canada Shareholders Resolution to Reduce Stated Capital Prior to Distribution

Authorize the reduction of the stated capital of a Canadian corporation's shares with this Special Resolution of the Shareholders.

• The corporation intends to make a distribution to the shareholders, which does not exceed the current stated capital amount of the shares.
• The shareholders resolve to reduce the stated capital amount prior to the proposed distribution.
• The directors may revoke the Special Resolution without further approval.
• This Resolution template can be used in any Canadian province or territory which has a Business Corporations Act.