7th Board Meeting

Date : 16 March 2013 ( Saturday )

Time: London, UK 3.30pmNew York, USA: 10.30amCalifornia, USA: 7.30am

Malaysia: 11.30pm

Conference Call Information : Skype id :BeautyArbitrage

Skype Group : Arbirage

for Stanford University Venture Lab 2012

Agenda & Purpose

Agenda & Purpose (2 Minutes )

Highlight & lowlights summary (8 Minutes)

Action items from last Board meeting & Progress (24 Minutes)

Key challenges & Decisions / Next step for resolving & implementing (24 Minutes )

Confirm next Board meeting time and location( 2 Minutes )

Highlights & Lowlights 1) Hossam never response after request to sign NDA and Non-competitive Agreement

2) A Malaysian base in Seattle, US http://venture-lab.org/advanced_venture/view_profile/110041 contact me after my posting on Linkedin Group http://www.linkedin.com/groups/Any-team-from-Stanford-want-4344783.S.220483320?view=&type=member&gid=4344783&item=220483320&commentID=0&trk=eml-ntf-hero-like-my-discussion-view&ut=3eSM0_S957IBE1 . However, She still a bit reluctant to joint our Board

3) A person base in Panama http://www.linkedin.com/profile/view?id=22932436&authType=name&authToken=eR-Q&invAcpt=&goback=%2Emid_I2745659161*43_*1 also contact me after above posting

Highlights & Lowlights 4) In sufficient time to launch ebay Australia

5) Sales of 5 yards ribbon http://stores.ebay.co.uk/Arbirage/5-Yards-/_i.html?_fsub=4315979013&_sid=647055093&_trksid=p4634.c0.m322 has started but yet to get the desires result . However, all product photo still used 15 yards ribbon photo except sold colour…white

6) We sold Neon Green colour in last 24 hours 7) Devaluation of GBP and appreciation of USD

Action item from last meeting & Progress :

1) Logo coup on Linkedin Sam

2) Posted blog related to product in stead of venture on our facebook page but still no “like” https://www.facebook.com/#!/Arbiragecom

Cory / Sam 3) Certificate of Sam by Google Srini

Action item from last meeting & Progress :

3) Team Building Nevada Corporation : Best Tax Protection

http://www.sutlaw.com/nevada/

Wyoming Corporation : Lowest cost http://www.sutlaw.com/nevada/

Delaware Corporation : favorite by investor but highest cost

Malaysia Corporation : UK address : Done : MappBiz : Sam California address : have to pay “minimum” USD800 franchise tax

yearly regardless of company make profit or not New York address : USD225 one off fee

http://www.dos.ny.gov/corps/buscorp.html#appauth

Key Challenge & Decision1) 30,60,90 days plan1) Technology2) Brand Building ( Customer )3) Team Building (Human Resources)4) Finance

2) 30,60,90 days plan - Base1) 30 days – Official launch ebay Australia store2) 60 days - Soft launch Esty Australia store3) 90 days - separation of ebay store in US and UK

3) Team Building1) No accomplishment by Team Member – Cultural - Srini 2)Kangie Chan do not oppose to become our Board member. However, unable to wake up in the morning to attend our meeting. 3) Posting reply on Linkedin Group - http://www.linkedin.com/groups/Any-team-from-Stanford-want-4344783.S.220483320?qid=36ecf73d-9ab8-4aac-96c7-4fa695a8355a&trk=group_most_recent_rich-0-b-ttl&goback=%2Egde_4344783_member_223212559%2Egmr_4344783 -Srini?

Key Challenge & Decision

Brand Building1) No “like” on Facebook despite posting blog related to product

in stead of venture2) Cory and Sam in charge of US and UK respectively3) Big Crumb , Mumsnet, AOL

Correspondence address & position in US California address : have to pay “minimum” USD800 franchise tax

yearly regardless of company make profit or not New York address : USD225 one of fee http://

www.dos.ny.gov/corps/buscorp.html#appauth

Action to be Accomplished :

1) 30,60,90 days Plan

1) Technology – New Team Member2) Brand Building ( Customer ) – Cory / Sam3) Team Building (Human Resources) - Srini4) Finance – Peter

Next meeting time & location :

Date : 13 April 2013 ( Saturday )

Time: London, UK 3.30pmNew York, USA: 10.30amCalifornia, USA: 7.30amMalaysia: 11.30pm

Conference Call Information : Skype id :BeautyArbitrage Skype Group : Arbirage