Meeting Minutes
Date: 31th, Dec., 2015
Place: Artnoubow Hotel coffee shop
Attendants: BS Kim and DJ Kim
Matter: Re 250M OJSC BG, TT103/202 blocked fund and etc.
1. 250M OJSC BG
1) Both parties agree to go ahead and expedite this matter as agreed quickly.
2) BS Kim requests for delivery of original hard copy from OJSC to IBK Busan via courier/DHL as quick as possible.
3) BS Kim requests to Mr.To, please sign the MOA and consortium agreement and return to him via DJ Kim asap.
4) After that, anytime Mr.To’s visit to Korea to meet him is welcome.
5) BS Kim is the monetizer himself and trader as well.
6) Monetizing will be carried out with IMF Korea Committee’s cash fund.
And Monetizing rate is 10% of face value of 250M BG.
7) Trading will be carried out 10 months, and it’s profit rate is about 100% per month.
8) Profit share rate is 50% for Mr.To, 50% for BS Kim (30% for BS Kim, 10% for DJ Kim, 10% for tax).
9) BS Kim promises that the payment to Mr.To and DJ Kim is first priority. Mr.To and DJ Kim can get their profits share within 2-3 month after starting the rounding/trading.
And then/after BS Kim will have his own share.
2. TT103/202 Blocked fund
1) DJ Kim submits the swift sample of Brazilian bank’s to BS Kim.
2) BS Kim confirms he can utilize this instrument.
3) BS Kim saying this instrument can be utilized at YCT HQ Taiwan.
4) BS Kim shows the copy of YCT HQ’s bank account of Standard Charterd Bank in Taiwan. (See the attachment)
5) If Mr. To is willing to do this with BS Kim, then urgently send all documents and data including bank statement and draft of MOA to BS Kim through DJ Kim.
6) This transaction shall/can be carried out at the same time with above 250M transaction. Please hurry up.
3. S2S
1) This is possible with YCT Taiwan.
2) Please send all documents.
4. YCT and GTF
1) BS Kim recognize and acknowledge well who is GT Foundation, what is GT foundation.
2) YCT is also a big organization in all over the world as you know well. It has many sister companies and organization all over the world. Each sister company is working independently and separately each other. They don’t know each other.
3) BS Kim is related and involved in/with YCT Korea Branch Company. BS Kim is a general partner with YCT Korea.
4) BS Kim is close relation with chairman Mr. Yeh Cheng Tsai of YCT HQ Taiwan.
5. Etc.
1) BS Kim shows all data about YCT in his computer to DJ Kim.
2) BS Kim says when Mr.To come to Korea to meet him, he will show everything about him and YCT and etc.
3) Finally, BS Kim says he is already ready to go, please let Mr. To hurry up for everything of above matters.
Both attendants are reading above minutes, and acknowledge and confirm every wording is correct and right