Board Resolution of New Asia Energy, Inc. Authorizing Issuance of 160,000,000 Common Shares to LWH Advisory Sdn Bhd
New Asia Energy, Inc.'s Board of Directors resolved at a special meeting on August 22, 2017, to issue 160,000,000 common shares from the company's treasury to LWH Advisory Sdn Bhd. This issuance is in recognition of consulting services provided by LWH Advisory in connection with an acquisition. The resolution was unanimously approved by the directors present and will be recorded in the company's official records.
EXHIBIT 10.1
THE BOARD OF DIRECTORS
OF
NEW ASIA ENERGY, INC.
The following is a true copy of the resolution duly adopted by the Board of Directors of this Corporation at a special meeting, notice to this meeting having been waived, held on this 22nd day of August, 2017;
The Board of Directors which was present for this meeting & took active part therein was:
Veng Kun Lun
Poh Kee Liew
WHEREAS there has been presented to and considered by this meeting a Motion to issue shares common from our Treasury to a consultant who is aiding us in an acquisition;
NOW THEREFORE BE IT RESOLVED that the corporation having considered this matter, has opened the floor to all those who voice a preference in the issue, and pursuant to §78.315 has decided unanimously and RESOLVED:
The company shall issue 160,000,000 (One Hundred Sixty Million) shares common to:
LWH Advisory Sdn Bhd.
Said Motion is hereby passed and the corporate books, records and the Secretary shall file this Resolution in the corporate records
DATED: 22nd August, 2017
______________________
Mr. Veng Kun Lun, Director
