1. for Stanford University Venture Lab 2012
5th Board Meeting
Date : 5 January 2013 ( Saturday )
Time: London, UK 2.30pm
New York, USA: 10.30am
California, USA: 6.30am
Malaysia: 10.30pm
Conference Call Information : Skype id :BeautyArbitrage
Skype Group : Arbirage

2. 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 )

3. Highlights & Lowlights
 1) Alex Chan would not be offer equity after course end
 2) Brief on current status
 a) eBay Uk, eBay Australia, ebay US
 b) Introduction of Malaysia
 Michelle Yeoh (Bond Girl from Ipoh)
 Jimmy choo (Shoe Designer base in UK )

4. Action item from last meeting &
Progress :
 1) Code of ethical
 No Board member send new suggestion
 2) 1/10 of a penny per shares
 Email
 3) Crowd Funding

 UK now or wait for US’s SEC
 http://www.indiegogo.com/

5. Action item from last meeting &
Progress :
 4) 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

6. Action item from last meeting &
Progress :
 5) Team Building (Refer Cathedrals funding above)
 Equity or share option
 Before funding: 0.25% to 2% of the company vesting over 4 years
 1) Fixed to all Board Member
 2) Base on attendance,Accomplishment,contribution decided by Board
 3) Decided by CEO minimum 0.25% maximum 2% base on attendance,
Accomplishment and contribution.
 http://www.feld.com/wp/archives/2004/07/boards-that-are-not-
bored.html
 After funding : Co-founder of facebook : 6% of company vesting
over 3 years

7. Action item from last meeting &
Progress :
 6) Future Board Meeting
 One Week per meeting ( 52 meeting per year )
 2 weeks per meeting ( Existing course )
 One month per meeting ( 12 meeting per year )
 2 months per meeting ( 6 meeting per year )
 3 months per meeting ( 4 meeting per year )

8. Key Challenge & Decision
Software Intellectual Property
Facebook apps for gift that link with facebook
Correspondence address in UK and US
1) Need to Registered as branch or Representative Office
2) Tax implication like VAT or Sales tax
3) Legal administrative like need to submit audited account to respective country?
4) Address of services provider like web designer etc?

9. Action to be Accomplished :
 1) Team Building / Brand Building / funding
 A) Tax implication and legal implication for team member to have title
like VP on Marketing, Country Manager, Human Resources Manager
etc, and effect to your present employer, if any.
 B) Connect with Linkedin Page
 http://www.linkedin.com/company/arbirage-sdn-bhd
 C) Update on Crunch Base profile under “people”
 http://www.crunchbase.com/company/arbirage
 D) Brand Building
 US – AOL etc
 UK – Mumsnet etc

10. Next meeting time & location :
 Date : 2 February 2013 ( Saturday )
Time: London, UK 2.30pm
New York, USA: 10.30am
California, USA: 6.30am
Malaysia: 10.30pm
Conference Call Information : Skype id :BeautyArbitrage
Skype Group : Arbirage