Minutes of the Meeting

(April 30, 2019)

(Kanana Coffee, 6:00 pm)

Board Members:
Present: Steven Lee, Danny Abad, and Aniel Guevarra

Others Present:
Angelita Dalusung, Secretary

Agenda:

 Office Update
 Client Update
 Services offered by the company
 Airforce Land

Proceedings:

 Mr. Lee’s Report/Update regarding the Office

-The renovation of the Office located at Friendship is at progress. This progress includes
the installation of: aircon, ceiling lights, ventilation/exhaust, and electrical outlets. The
wall primer paint and painting of all walls inside, ceiling, the outside wall coating and
baseboard coating are also done.
-The office still lacks furniture and electronics (printers and computers).
-The rental fee for the office will be shouldered by ALFPK Company.
-Expenses made: 60,000 php (Air Condition), 34,144.50 php (Renovation), 10,800 php
(Worker Salary for 1 week), 20,000 php and allowance (Secretary).

 Client Update (Mr. Ju Younghoon)

-Draft Contract is done for signature of client.
-SEC Online Registration to be attached to the contract. Then sent to
Regency for notary.
-After notary, Regency will send the endorsement letter of contract to CDC.
 Service Offered by the Company
-Processing of Business Permit
-Visa Processing
Look for connections in the immigration office
Procedures and requirements
-Mimosa Membership
-Golf Membership
-Gaming (POGO)
Determine the possible expenses (including tax) from PAGCOR, BIR,
AND CDC.
 Airforce Land
-Determine the cost of land per square meter
-Find information regarding the end of contract of Clark and Airforce.

Meeting adjourned at 8:30 p.m.

Minutes submitted by Secretary, Angelita Dalusung.