Common use of DIRECTORS’ STATEMENT Clause in Contracts

DIRECTORS’ STATEMENT. The Board having reviewed and considered the terms and conditions of the Agreement, is of the opinion that the Agreement is in the best interests of the Company and the terms and conditions of the Agreement are fair, reasonable and on terms that are not detrimental to the interest of the minority shareholders of the Company.

DIRECTORS’ STATEMENT. The Board of Directors, having reviewed and considered the terms and conditions of the Lease Agreement, is of the opinion that the Lease Agreement is in the best interests of the Company and the terms and conditions of the Lease Agreement are fair, reasonable and on terms that are not detrimental to the interest of the minority shareholders of the Company.