8th Board Meeting

Date : 13 April 2013 ( Saturday )

Time: London, UK 3.30pmCalifornia, 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) Cory has been excluded from our team

2) More sales from 5 Yards ribbon but yet to make significant impact on our sales http://stores.ebay.co.uk/Arbirage/5-Yards-/_i.html?_fsub=4315979013&_sid=647055093&_trksid=p4634.c0.m322

3) ebay Australia store ArbirageOz but restricted by ebay on number of items , thus, we start launcing Esty Australia ( also ArbirageOz )simultaneously

4) Add Esty Australia to Bigcrumbs.com on 12 April 2013

Action item from last meeting & Progress :

1) Logo coup on Linkedin Sam 2) “Shares” on Facebook

https://www.facebook.com/#!/Arbiragecom

Reply on Linkedin

3) Certificate of Sam by Google Srini

4) Potential new team member http

://www.linkedin.com/profile/view?id=22932436&authType=name&authToken=eR-Q&invAcpt=&goback=%2Emid_I2745659161*43_*1

Srini

Action item from last meeting & Progress :

4) 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

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 – Australia store – ArbirageOZ – eBay & Esty2) 60 days - separation of ebay store in US and UK3) 90 days - Bonanza

3) Team Building No accomplishment by Team Member – Cultural - Srini

Key Challenge & Decision

Brand Building1) No “shares” & “like” on Facebook

Action to be Accomplished :

Next meeting time & location :

Date : 13 April 2013 ( Saturday )

Time: London, UK 3.30pmCalifornia, USA: 7.30amMalaysia: 11.30pm

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