Limited Powers Agreement

This Limited Powers Agreement ("Agreement") is made and entered into as of [DATE], by and between: <strong>Principal:</strong> [Name of Beneficial Owner] [Address] [City, State, ZIP]

AND

<strong>Agent:</strong> [Name of Nominee Director] [Address] [City, State, ZIP] WHEREAS, the Principal desires to appoint the Agent to perform specific duties and responsibilities in connection with the management of [Company Name] (the "Company"); and WHEREAS, the Agent agrees to act in such a capacity subject to the limitations and conditions set forth herein. NOW, THEREFORE, the parties agree as follows:

• Scope of Authority: The Agent shall have the limited authority to perform the following duties on behalf of the Principal and the Company: Open and maintain corporate bank accounts. Execute documents necessary for routine operational matters. Act as a signatory for corporate resolutions and compliance-related matters. Communicate with regulatory bodies strictly for compliance purposes.
• Restrictions on Authority: The Agent shall have no authority to: Enter into loans or financial obligations on behalf of the Company without written approval from the Principal. Transfer or dispose of any company assets without explicit consent. Bind the Company to any long-term contracts exceeding [X] months. Amend or modify corporate governance documents.
• Term and Termination: This Agreement shall remain in effect until [End Date], unless earlier terminated by either party upon [X] days' written notice.
• Compensation: The Agent shall receive a fixed fee of [Amount] for services rendered under this Agreement, payable in accordance with mutually agreed terms.
• Indemnification: The Principal agrees to indemnify and hold harmless the Agent from any claims, liabilities, or damages arising from actions taken within the scope of this Agreement, except for acts of fraud, willful misconduct, or gross negligence.
• Confidentiality: The Agent agrees to maintain the confidentiality of all proprietary and sensitive information received in the course of performing duties under this Agreement.
• Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the State of [State].
• Entire Agreement: This Agreement constitutes the entire understanding between the parties and supersedes any prior agreements or understandings related to the subject matter herein.

IN WITNESS WHEREOF, the parties have executed this Limited Powers Agreement as of the date first above written.