MINUTES OF THE MEETING HELD ON 14TH OCTOBER 2015 AT JAVA VALLEY ARCADE FROM 7:00AM

[Andrew Alovi]

Present:

Norman Ondego- Chairman

Andrew Alovi- Secretary

Alfred Maina- Treasurer

Daniel Makau- Director

Absent:

Ekelemu Ewomazino

MIN 1-14/10/15- Group Finances and Member Payout amounts

Putting together all the investments made by the members and working out earnings/losses from business ventures, and putting into the workings the loans that are out plus interest accrued, the company has a total of Ksh 867,490 cash value that is to be shared out to each member. This therefore means that each member is entitled to a total payout of Ksh 173,498.

MIN 2-14/10/15- Outstanding Loans

Andrew Alovi has a loan of Ksh 169,500. With the payout amounts above, he will only be paid Ksh 3,998 as final dues.

Ekelemu has a loan of Ksh 376,290. He has paid Ksh 80,000 back to date reducing his outstanding balance to Ksh 296,290. With the payouts mentioned in Min 1, he will now only be required to pay Ksh 122,792. He is required to write to the company and make a commitment on his payment plan and completion date. 

MIN 3-14/10/15- Company Exits

Andrew Alovi has opted to leave the company and relinquish all his shares at no cost to the company or other share holders. Daniel Makau will advise on his position by 16th October 2015. The other members will remain and continue with the operations of the company. As such, Andrew will hand over all company documents in his possession to the Chairman, will exit all company communication platforms immediately and shall be available for any hand over needed. 

Signed

Andrew Alovi

Company Secretary 

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A Tiger doesn't lose sleep over the opinion of sheep.

[Alfred Maina]

Good morning all,

Oga Zino-Thanks for your contribution so far.You now have paid us 100K and your balance is 102,792.

regards,

Alfred

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[Alfred Maina]

Good evening all,

Oga Zino has paid another 30,000 ksh. His current balance is now 72,792..let's just call it 73,000.

Norman will distribute the 20k to Alfred and Daniel.

regards,

Alfred