6th Board Meeting

Date : 16 February 2013 ( Saturday )

Time: London, UK 2.30pmNew York, USA: 10.30amCalifornia, USA: 6.30am

Malaysia: 10.30pm

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) New address in Middlesex, UK, enable us to joint Bigcrumbs.com

2) Same store growth rate of our etsy store after joining Bigcrumbs.com at 300% to 400% per week

3) Result of our Startupcompass report

Action item from last meeting & Progress :

1) Technology

Result of ebay Hackathon by Sam in London. Any new knowledge or idea gain on ebay platform from Hackathon

2) Crowd Funding UK now or wait for US’s SEC http://www.indiegogo.com/

Action item from last meeting & Progress :

3) Team Building bricks: Team ethical code walls : Team Building Cathedrals : Funding (Refer : Discuss What it like working together

below : ) Srini : Silicon Valley (Seed Funding) Nevada Corporation

Cory : New York ( Product /market fit ) Delaware Corporation

Sam : London ( Crowd funding : Crowdcube.com) UK based limited Co

Peter : Malaysia (Corporate investor : Berjaya Group) might have to give up majority shareholding. However can do M&A like Friendster acquisition. Might closed down office in US like Frienster office in Silicon Valley.

Constraints : Human Resources

Key Challenge & Decision

1) 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 – Etsy UK store2) 60 days - eBay Australia Store3) 90 days - Esty Australia Store

2) Team Building1) Team Member who absent for 2 consecutive meeting without valid reason will be removed.2) Team member who absent for 3 consecutive meeting with valid reason will be removed.

Key Challenge & Decision

Brand Building1) Facebook like page. How to gain volume or “like” for each new post2) P&G multibrand structure : Structure of Brand Manager3) Brand Manager or Merchandising Manager?

Correspondence address & position in US (Srini)1) Need to Registered as branch or Representative Office2) Tax implication like VAT or Sales tax3) Legal administrative like need to submit audited account to respective country?4) Address of services provider like web designer etc?

Action to be Accomplished :

1) 30,60,90 days Plan

2) Correspondence address & position in US (Srini)1) Need to Registered as branch or Representative Office2) Tax implication like VAT or Sales tax3) Legal administrative like need to submit audited account to respective country?4) Address of services provider like web designer etc?

Next meeting time & location :

Date : 16 March 2013 ( Saturday )

Time: London, UK 2.30pmNew York, USA: 10.30amCalifornia, USA: 6.30amMalaysia: 10.30pm

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