Dominion Of Melchizedek Stock Market Frauds & Business Thefts - Part 1

 

Dominion Of Melchizedek
Dominion Of Melchizedek


The Dominion Of Melchizedek ( DOM ) is an American and Canadian government protected financial business fraud platform staffed with agents around the World since 1988. Hundreds of court actions have been filed against those operating under it's cloak of secrecy.

Due to the international scope and nature of the unlawful practices conducted through those in commection with The Dominion Of Melchizedek, this report is by no means complete and only contains about 1% of the information collected and held in a private database of over 5,000,000 million page files.

The brief indoctrination on names (immediately below) may not serve all professionals but may serve to familiarize a few with a better understanding of the names referenced within the U.S. Court federal case (below).

Much of the extensive research and information collection material here has been complimented with active internet website URL online research references provided at the bottom of this report.

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BRIEF INDOCTRINATION ON NAMES

[Circa: April 2006]

RBC ( ROYAL BANK of CANADA ) DAIN RAUSCHER INC.

RBC DAIN RAUSCHER INC., is a wholly owned subsidiary of ROYAL BANK of CANADA (RY: TSX, NYSE), and one of the U.S. and World's largest full-service securities firms with more than 1,650 financial consultants and 5,000 employees serving individual investors and businesses through 149 coast-to-coast offices in 40 U.S. states, capital markets, and correspondent clients in select international and U.S. markets.

Founded: 1909
Assets Under Management: $125-billion
Number of accounts: 680,000
Number of households: 311,000

Minnesota (Headquarters) Office, at:

RBC DAIN RAUCHER INC.
Dain Rauscher Plaza
60 South Sixth Street
Minneapolis, Minnesota 55402-4422
USA

California (Personal Investing) Office, at:

RBC DAIN RAUSCHER INC.
9665 Wilshire Boulevard, 4th Floor
Beverly Hills, California 90212
USA
TEL: (310) 273-7600
TEL: 1 (800) 367-8876 (toll-free)
FAX: (310) 859-0408

Washington D.C. (Personal Investing) Office, at:

RBC DAIN RAUSCHER INC.
1900 K Street N.W., Suite 750
Washington D.C. 20005
USA
TEL: (202) 408-4500
TEL: 1 (800) 368-3880 (toll-free)
FAX: (202) 408-4535

Nevada (Personal Investing) Office, at:

RBC DAIN RAUSCHER INC.
3770 Howard Hughes Parkway, Suite 100
Las Vegas, NV 89109
USA
TEL: (702) 893-8700
TEL: 1 (800) 777-3246 (toll-free)
FAX: (702) 893-8790

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DEPOSITORY TRUST and CLEARING CORPORATION (DTCC)

DEPOSITORY TRUST and CLEARING CORPORATION (DTCC) was established in 1999, and is a holding company consisting of five (5) clearing corporations and one (1) depository, making it the World's largest financial services corporation dealing in post-trade transactions.

DTCC provides - through its subsidiaries - clearance, settlement, and information services for equities, corporate and municipal bonds, mutual funds, annuities and insurance, government and mortgage-backed securities, Over-The-Counter (OTC) credit derivatives, and emerging market debt trades.

In 2004, DTCC handled an average of more than $4-Trillion in trades daily.

DTCC subsidiaries:

DEPOSITORY TRUST COMPANY (DTC), is a central securities repository where stock and bond certificates are held and exchanged, mostly electronically.

NATIONAL SECURITIES CLEARING CORPORATION (NSCC), provides connectivity to thousands of brokers, dealers, banks, mutual funds, insurance carriers, and other financial intermediaries.

FIXED-INCOME CLEARING CORPORATION (FICC), is a clearing corporation - formed (01JAN03) by merger of the GOVERNMENT SECURITIES CLEARING CORPORATION (GSCC) and the MBS CLEARING CORPORATION (MBSCC) - that clears and settles U.S. Government securities and mortgage-backed securities trades.

DTCC DERIV / SERV LLC provides matching, confirmation, and payment services for the global Over-The-Counter (OTC) derivatives market.

GLOBAL ASSET SOLUTIONS LLC, provides a 'global information service' on 'corporate actions' worldwide.

DEPOSITORY TRUST and CLEARING CORPORATION (DTCC)
55 Water Street
New York, New York 10041
USA
TEL: (212) 855-5862

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CANADIAN DEPOSITORY for SECURITIES (CDS)

DEPOSITORY TRUST and CLEARING CORPORATION (DTCC), the U.S. equivalent to the CANADIAN DEPOSITORY for SECURITIES (CDS), operates the 'book based system' in the United States. The book-based system is the term used for stock shares traded between brokers and other financial institutions within a common depository.

CANADIAN DEPOSITORY for SECURITIES (CDS) maintains the book-based system in Canada for a security to become eligible. The security must have an ISIN number and be transferable in physical form by a CDS eligible transfer agent in a city where CDS has an office. There are other informational requirements at CANADIAN DEPOSITORY for SECURITIES (CDS).

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CUSIP

CUSIP stands for "Committee on Uniform Securities Identification Procedures".

- A CUSIP number is a 'nine (9) digit number' issued by 'STANDARD & POORS (S&P) in the U.S.' and 'CANADIAN DEPOSITORY for SECURITIES (CDS) in Canada'.

- A CUSIP number 'uniquely identifies the issuer and security', and is used by the financial community as an 'identifier' in 'computer systems'.

- A CUSIP number is a 'requirement for eligibility' for the 'booked based system' in the 'United States'.

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ISIN

ISIN stands for "International Securities Identification Number".

An ISIN is a 'twelve (12) alphanumeric character code' that serves as a 'uniform identifier' for 'security trades and settlements'.

CANADIAN DEPOSITORY for SECURITIES (CDS) has adopted the ISIN as it's 'standard identifier' for 'security trade and settlement in Canada'.

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I found these U.S. Court record quotations reformatted (immediately below), most interesting:

- "... GAMBOA PROPERTIES INC. ("GPI") was a corporation organized under the laws of the fictitious DOMINION OF MELCHIZEDEK or under the laws of the State of Oregon doing business in Clark County, Nevada";

- "... ELVIRA GRACE GAMBOA, listed as Chairperson and President of Defendant GAMBOA PROPERTIES INC. (GPI)...";

- "...THE DOMINION OF MELCHIZEDEK has allegedly been recognized by one country, the Central African Republic";

- "... ELVIRA GRACE GAMBOA a.k.a. PEARLASIA is the alleged President of THE DOMINION OF MELCHIZEDEK (DOM)";

- "MARK LOGAN PEDLEY a.k.a MARK WELLINGTON a.k.a. BRANCH VINEDRESSER a.k.a. DR. TZEMACH 'BEN' DAVID NETZER KOREM PHD. is the alleged Vice-President of THE DOMINION OF MELCHIZEDEK (DOM).";

- "... GAMBOA PROPERTIES INC. (GPI) is a fictitious entity created by Defendant ELVIRA GRACE GAMBOA as a vehicle for defrauding innocent third (3rd) parties who transact business with GAMBOA PROPERTIES INC. (GPI)";

- "... ELVIRA GRACE GAMBOA, GENEROSO G. GAMBOA, TERESITA GAMBOA, and ANNELIESE YABUT were corporate officers of Defendant GAMBOA PROPERTIES INC. (GPI)";

- "On ... June 7, 2002 Defendant GENEROSO G. GAMBOA deposited ... certificate number 5121 dated May 29, 2002 representing 1,500,000 shares of ... GLOBAL RESERVE CORPORATION (GLBR) CUSIP No. 37942H105 in the name of Defendant GAMBOA PROPERTIES INC. (GPI).";

- "Defendant HAROLD F. HARRIS purports to be the Executive Vice-President of GLOBAL RESERVE CORPORATION (GLBR).";

- "On September 30, 2002 at least five (5) checks totaling $29,000 were posted against this account that resulted in a negative balance in excess of $29,000. At or about the same time [September 30, 2002], Defendant GAMBOA PROPERTIES INC. (GPI) delivered to Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) - via mail - eight (8) checks totaling $40,000 for deposit into this account, each check written in the amount of $4,000, which were forwarded to Defendant RBC ( ROYAL BANK OF CANADA ) DAIN RAUSCHER INC. (RBC) in apparent settlement of the negative balance. On October 10, 2002 the checks were returned as a consequence of 'Non-Sufficient Funds (NSF)' in the bank account(s) from which they were drawn. The returned checks were written against a checking account at Defendant WASHINGTON MUTUAL INC. in the name of PEARLASIA FOUNDATION, an entity presumptively related to Defendant GAMBOA PROPERTIES INC. (GPI).";

- "In October 2002, pursuant to the terms of the 'Investment Access' account and applicable rules and regulations, including Regulation 'T' of the U.S. FEDERAL RESERVE, Defendant RBC ( ROYAL BANK OF CANADA ) DAIN RAUSCHER INC. and Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) initiated a liquidation of securities positions in Defendant GAMBOA PROPERTIES INC. (GPI) account. Between October 29, 2002 and October 31, 2002 Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) liquidated 1,412,175 shares of Defendant GLOBAL RESERVE CORPORATION (GLBR) from the Defendant GAMBOA PROPERTIES INC. (GPI) account at the best available prices as determined in accordance with the NATIONAL ASSOCIATION OF SECURITIES DEALERS (NASD) Conduct Rule 2320(g) - the 'three quote rule' - where those prices ranged from '$0.0001 per share' to '$1.00 per share'. The total proceeds from the liquidation of 1,412,175 shares of Defendant GLOBAL RESERVE CORPORATION (GLBR) from Defendant GAMBOA PROPERTIES INC. (GPI) account, 'net' of transaction costs, were '$871.91'.";

- "On several days subsequent to Plaintiffs liquidation of GLOBAL RESERVE CORPORATION (GLBR) specifically, sales printed at '$0.0001 per share' at or about the close of the market, there would be a '100 share print' at '$5.00' for Defendant GLOBAL RESERVE CORPORATION (GLBR), activity Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) suspects was 'calculated to mark the close'. Thereafter, Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) contacted NASDAQ Market Operations and apprised them of its concern related to what appeared to be 'suspicious trading activity'.";

- "GAMBOA PROPERTIES INC. (GPI), GLOBAL RESERVE CORPORATION (GLBR), ELVIRA GRACE GAMBOA a.k.a. PEARLASIA, MARK LOGAN PEDLEY a.k.a. MARK WELLINGTON a.k.a. BRANCH VINEDRESSER a.k.a. DR. TZEMACH

- "BEN" DAVID NETZER KOREM PH.D., TERESITA GAMBOA, GENEROSO G. GAMBOA, ANNELIESE YABUT, and HAROLD F. HARRIS have 'engaged-in' and 'continue to commit' 'securities fraud' and/or 'market manipulation'.";

- "Defendants 'own' or 'control' an 'issuer' listed on the Pink Sheets ADATOM.cOM INC. ("ADTM"), a Delaware corporation. It appears that ADATOM.cOM INC. (ADTM) is used as a vehicle to spawn multiple publicly traded companies in so called spin-off transactions so as to create separate publicly listed companies on the Pink Sheets. Defendant GAMBOA PROPERTIES INC. (GPI) deposited into their account at Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) a number of shares of several such spin-off entities and 1,500,000 shares of stock in Defendant GLOBAL RESERVE CORPORATION (GLBR).";

- "There is evidence in the past that Defendant ELVIRA GRACE GAMBOA used stock in Defendant GLOBAL RESERVE CORPORATION (GLBR) to obtain control of ADATOM.cOM INC. (ADTM).";

- "Upon Plaintiff NEVWEST SECURITIES CORPORATON's (NEVWEST's) discovery of the substantial deficit in the Defendant GAMBOA PROPERTIES INC. (GPI) account, and subsequent to NEVWEST SECURITIES CORPORATON's (NEVWEST's) internal investigation of the circumstances involving this matter, Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) became aware of 'significant suspicious trading activity' involving Defendant GLOBAL RESERVE CORPORATION (GLBR) and 'other securities similarly held' in Defendant GAMBOA PROPERTIES INC. (GPI) account at Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST). The 'daily volumes' and 'trading prices' tend to suggest 'manipulative practices and trades designed to influence the perceived value of the securities based on the last reported price'.";

- "On December 10, 2002 Defendant RBC ( ROYAL BANK OF CANADA ) DAIN RAUSCHER INC. informed Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) that Defendant DEPOSITORY TRUST AND CLEARING CORPORATION (DTCC) shorted Defendant RBC ( ROYAL BANK OF CANADA ) DAIN RAUSCHER INC. 1,500,000 shares of Defendant GLOBAL RESERVE CORPORATION (GLBR) stock based on 'cancellation of certificate number 5193 dated July 8, 2002' in the name of Defendant RBC ( ROYAL BANK OF CANADA ) DAIN RAUSCHER INC.";

- "1ST GLOBAL STOCK TRANSFER LLC 'issued certificate number 5193' dated July 8, 2002 representing 1,500,000 shares of Defendant GLOBAL RESERVE CORPORATION (GLBR) in the name of Defendant RBC ( ROYAL BANK OF CANADA ) DAIN RAUSCHER INC.";

- "RBC ( ROYAL BANK OF CANADA ) DAIN RAUSCHER INC. (RBC) immediately passed the short through to Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) in an apparent violation of Article 8 of the UNIFORM COMMERCIAL CODE (UCC)."

- "On December 11, 2002 Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) asserted its rights under Article 8 of the UNIFORM COMMERCIAL CODE (UCC) and informed 1ST GLOBAL STOCK TRANSFER LLC of the 'limitations on the issuer ability to cancel an outstanding block of stock by corporate resolution'. Upon that notice, 1ST GLOBAL STOCK TRANSFER LLC 'revoked the cancellation of the certificate number 5193 dated July 8, 2002 representing 1,500,000 shares of Defendant GLOBAL RESERVE CORPORATION (GLBR) in the name of Defendant RBC ( ROYAL BANK OF CANADA ) DAIN RAUSCHER INC. 1ST GLOBAL STOCK TRANSFER LLC informed Defendant GLOBAL RESERVE CORPORATION (GLBR) that the cancellation would not stand unless Defendant GLOBAL RESERVE CORPORATION (GLBR) obtained a valid Court order to that effect. Upon learning of the revocation of the cancellation of the certificate number 5193, Defendant GLOBAL RESERVE CORPORATION (GLBR) - fired 1ST GLOBAL STOCK TRANSFER LLC as its transfer agent and - chose to 'act as its own transfer agent'. On or about December 12, 2002 Defendant GLOBAL RESERVE CORPORATION (GLBR) contacted Defendant DEPOSITORY TRUST AND CLEARING CORPORATION (DTC) directly, trying to enforce the cancellation of certificate 5193. However, aware of the legal requirements of Article 8 of the UNIFORM COMMERCIAL CODE (UCC), Defendant DEPOSITORY TRUST AND CLEARING CORPORATION (DTCC) refused to recognize the cancellation without a valid Court order."

- "On January 6, 2003 the Florida 15th Judicial Circuit Court in and for Palm Beach County, 'Florida issued a Court order canceling stock certificate 5193' of Defendant GLOBAL RESERVE CORPORATION (GLBR) dated July 8, 2002. This order is 'invalid because: (A) The stock certificate 5193' of Defendant GLOBAL RESERVE CORPORATION (GLBR) dated July 8, 2002 was in the name of Defendant RBC ( ROYAL BANK OF CANADA ) DAIN RAUSCHER INC.' that was not a party to the hearing; and, (B) The supporting evidence used in the Florida hearing appears to contain fraudulent misrepresentations by Defendants HAROLD F. HARRIS and ELVIRA GRACE GAMBOA."

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After having reviewed the U.S. Court docket segments (below), I realized that within my 6,000,000 page file database are many pages relative to stock share transfers mentioned in e-mails, facsimiles, and internal documents surrounding the DOMINION OF MELCHIZEDEK and others in this federal U.S. Court Case, an interesting part of which mentioned GLOBAL RESERVE CORPORATION ( GLBR ).

Here (below) are the U.S. Court case docket segments:

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CIVIL DOCKET

United States District Court
District of Nevada - Las Vegas

CIVIL DOCKET FOR CASE #: 2: 03-CV-00039 RLH-RJJ

NEVWEST SECURITIES CORPORATION vs. HAROLD F. HARRIS, et al.

Assigned to: Judge Roger L. Hunt
Referred to: Magistrate Judge Robert J. Johnston
Date Filed: 01/10/2003
Jury Demand: Plaintiff
Nature of Suit: 850 Securities/Commodities
Jurisdiction: Federal Question

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NEVWEST SECURITIES CORPORATION, Plaintiff

Represented by,

Harold P. Gewerter
Harold P. GEWERTER, Esq., Chtd.
5440 West Sahara Avenue, Suite 202
Las Vegas, Nevada 89146
TEL: (702) 382-1747
FAX: (702) 382-1759
E-MAIL:  gewerterlaw@earthlink.net

LEAD ATTORNEY
ATTORNEY TO BE NOTICED

Wendy E. Miller
Harold P. GEWERTER, Esq., Chtd.
5440 West Sahara Avenue, Suite 202
Las Vegas, Nevada 89146
TEL: (702) 382-1747
FAX: (702) 382-1759

LEAD ATTORNEY
ATTORNEY TO BE NOTICED

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V.

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DEPOSITORY TRUST AND CLEARING CORPORATION, GAMBOA PROPERTIES INC., ELVIRA GRACE GAMBOA, GENEROSO

G. GAMBOA, Defendant(s)

Represented PRO SE by,

Generoso G. Gamboa
1687 English Rose Drive
Las Vegas, NV 89142-0788
TEL: (702) 207-0018
PRO SE

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TERESITA GAMBOA, Defendant

Represented PRO SE by,

Teresita Gamboa
1687 English Rose Drive
Las Vegas, NV 89142-0788
TEL: (702) 207-0018

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GLOBAL RESERVE CORPORATION, HAROLD F. HARRIS, MILIANA MOROWITZ, Defendant(s)

Represented by,

Meridith J. Strand
SNELL & WILMER
3800 Howard Hughes Parkway - 10th Floor
Las Vegas, NV 89109
TEL: (702) 784-5200
FAX: (702) 784-5252
E-MAIL:  mstrand@swlaw.com

LEAD ATTORNEY
ATTORNEY TO BE NOTICED

Robert R. Kinas
SNELL & WILMER
3800 Howard Hughes Parkway - 10th Floor
Las Vegas, NV 89109
TEL: (702) 784-5200
FAX: (702) 784-5252
E-MAIL:  rkinas@swlaw.com

LEAD ATTORNEY
ATTORNEY TO BE NOTICED

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MARK PEDLEY, RBC ( ROYAL BANK OF CANADA ) DAIN RAUSCHER INC., Defendant(s)

Represented by,

Phillip S. Aurbach
MARQUIS & AURBACH
10001 Park Run Drive
Las Vegas, NV 89145
TEL: (702) 382-0711
FAX: (702) 382-5816
E-MAIL:  paurbach@marquisaurbach.com

LEAD ATTORNEY
ATTORNEY TO BE NOTICED

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WASHINGTON MUTUAL INC., Defendant

Represented by,

Meridith J. Strand
SNELL & WILMER
3800 Howard Hughes Parkway - 10th Floor
Las Vegas, NV 89109
TEL: (702) 784-5200
FAX: (702) 784-5252
E-MAIL:  mstrand@swlaw.com

LEAD ATTORNEY
ATTORNEY TO BE NOTICED

Robert R. Kinas
SNELL & WILMER
3800 Howard Hughes Parkway - 10th Floor
Las Vegas, NV 89109
TEL: (702) 784-5200
FAX: (702) 784-5252
E-MAIL:  mstrand@swlaw.com

LEAD ATTORNEY
ATTORNEY TO BE NOTICED

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ANNELIESE YABUT, Defendant

Represented by,

D. Heath Bailey
ROOKER, MOHRMAN, RAWLINS, & BAILEY LLP
2370 Corporate Circle, Suite 190
Henderson, Nevada 89074
TEL: (702) 990-8100
FAX: (702) 932-5266
E-MAIL:  hbailey@rookerlaw.com

LEAD ATTORNEY
ATTORNEY TO BE NOTICED

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GENERAL ALLEGATIONS

1. This Court has jurisdiction over this matter pursuant to 28 U.S.C. §1331 and 15 U.S.Ci §78(a), et seq., 18 U.S.C. §1961, et seq., and the pendent jurisdiction of this Court. Venue is proper in this Court pursuant to 28 U.S.C. §1391 (b)(2), 15 U.S.C. §78aa and 18 U.S.C. §1965.

2. Plaintiff NEVWEST SECURITIES CORPORATON ("NEVWEST") is a Nevada corporation doing business in Clark County, Nevada.

3. Defendant GLOBAL RESERVE CORPORATION ("GLBR") is a Wyoming corporation doing business in Clark County, Nevada.

4. At all times relevant hereto, Defendant RBC ( ROYAL BANK OF CANADA ) DAIN RAUSCHER INC. ("RBC") was a Minnesota corporation doing business in Clark County Nevada.

5. At all times relevant hereto, Defendant GAMBOA PROPERTIES INC. ("GPI") was a corporation organized under the laws of the fictitious DOMINION OF MELCHIZEDEK or under the laws of the State of Oregon doing business in Clark County, Nevada.

6. At all times relevant hereto, Defendant DEPOSITORY TRUST AND CLEARING CORPORATION ("DTCC") was a New York corporation doing business in Clark County, Nevada.

7. At all times relevant hereto, Defendant ELVIRA GRACE GAMBOA a.k.a. PEARLASIA was a resident of the State of California doing business in Clark County, Nevada.

8. At all times relevant hereto, Defendant MARK LOGAN PEDLEY a.k.a. MARK WELLINGTON a.k.a. BRANCH VINEDRESSER a.k.a. DR. TZEMACH "BEN" DAVID NETZER KOREM PHD. was a resident of the State of California doing business in Clark County, Nevada.

9. At all times relevant hereto, Defendant GENEROSO G. GAMBOA was a resident of the State of California doing business in Clark County, Nevada.

10. At all times relevant hereto, Defendant TERESITA GAMBOA was a resident of the State of California doing business in Clark County, Nevada.

11. At all times relevant hereto, Defendant HAROLD F. HARRIS ("HARRIS") was a resident of the State of Florida doing business in Clark County, Nevada.

12. At all times relevant hereto, Defendant WASHINGTON MUTUAL INC., was a Washington Corporation doing business in Clark County, Nevada.

13. At all times relevant hereto, Defendant ANNELIESE YABUT was a resident of Clark County, Nevada.

14. At all times relevant hereto, Defendant MILIANA MOROWITZ was a resident of the State of California doing business in Clark County, Nevada.

15. The true names of Defendants DOES I through X, inclusive, and DOE CORPORATIONS XX through XXX, inclusive, whether individual, corporate, associate or otherwise are unknown to Plaintiff, who therefore sues such defendants on behalf of fictitious names. Plaintiff is informed and thereupon alleges that each of the defendants designated herein as ai DOE or DOE CORPORATION is in some way responsible for the damages claimed by Plaintiff herein Plaintiff will ask leave of this Court to amend this Complaint to insert the true names and capacities of Defendants DOES I through X, inclusive and DOE CORPORATIONS XX through XXX, inclusive, when the identities have been ascertained, to formulate appropriate allegations and to join such Defendants in this action.

16. Plaintiff is informed and believes that at all times mentioned herein, each Defendant was the principal, agent, employee, employer, each of all the others, and at all times mentioned herein were acting within the course and scope of such relationships.

17. Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) is a licensed member firm of the NATIONAL ASSOCIATION OF SECURITIES DEALERS (NASD). NEVWEST SECURITIES CORPORATON (NEVWEST) is a broker / dealer headquartered in Henderson, Nevada.

18. On or about June 6, 2002 Defendant GAMBOA PROPERTIES INC. (GPI) opened a securities account with Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST). Upon information and belief, GAMBOA PROPERTIES INC. (GPI) is a fictitious entity created by Defendant ELVIRA GRACE GAMBOA as a vehicle for defrauding innocent third (3rd) parties who transact business with GAMBOA PROPERTIES INC. (GPI). At the time that GAMBOA PROPERTIES INC. (GPI) opened up its securities account with Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST). GAMBOA PROPERTIES INC. (GPI) was allegedly incorporated under the laws of THE DOMINION OF MELCHIZEDEK ("DOM") a non-existent country which exists only in cyberspace. (THE DOMINION OF MELCHIZEDEK has allegedly been recognized by one country, the Central African Republic). Defendant ELVIRA GRACE GAMBOA a.k.a. PEARLASIA is the alleged President of THE DOMINION OF MELCHIZEDEK (DOM), and Defendant MARK LOGAN PEDLEY a.k.a MARK WELLINGTON a.k.a. BRANCH VINEDRESSER a.k.a. DR. TZEMACH "BEN" DAVID NETZER KOREM PHD. is the alleged Vice-President of THE DOMINION OF MELCHIZEDEK (DOM).

19. Upon information and belief, at all relevant times, Defendants ELVIRA GRACE GAMBOA, GENEROSO G. GAMBOA, TERESITA GAMBOA, and ANNELIESE YABUT were corporate officers of Defendant GAMBOA PROPERTIES INC. (GPI).

20. In June 2002, Defendant GENEROSO G. GAMBOA personally visited Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) offices in Henderson, Nevada and completed the account application on behalf of Defendant GAMBOA PROPERTIES INC. (GPI). On or about June 7, 2002 Defendant GENEROSO G. GAMBOA deposited - with Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) - certificate number 5121 dated May 29, 2002 representing 1,500,000 shares of Defendant GLOBAL RESERVE CORPORATION (GLBR) CUSIP No. 37942H105 in the name of Defendant GAMBOA PROPERTIES INC. (GPI). The certificate was free of any restrictive legend, and as such, constituted good delivery for deposit in a securities account.

21. Defendant HAROLD F. HARRIS purports to be the Executive Vice-President of GLOBAL RESERVE CORPORATION (GLBR).

22. On June 10, 2002 Defendant RBC ( ROYAL BANK OF CANADA ) DAIN RAUSCHER INC., acting in the 'clearing firm' capacity for Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST), received the certificate number 5121 and recorded 1,500,000 shares of Defendant GLOBAL RESERVE CORPORATION (GLBR) as a 'fully paid and segregated securities' position in the account number 12E3-2212-8413 in the name of Defendant GAMBOA PROPERTIES INC. (GPI). In accordance with applicable rules and industry standards, Defendant RBC ( ROYAL BANK OF CANADA ) DAIN RAUSCHER INC. forwarded certificate number 5121 to 1ST GLOBAL STOCK TRANSFER LLC - Defendant GLOBAL RESERVE CORPORATION's (GLBR's) transfer agent - for transfer in the "street name."

23. On June 20, 2002 Defendant ELVIRA GAMBOA instructed Plaintiff to enter a 'good until cancelled' order to 'sell 500 shares' of Defendant GLOBAL RESERVE CORPORATION (GLBR) from Defendant GAMBOA PROPERTIES INC. (GPI) account at '$6.25 per share'.

24. On June 28, 2002 Defendant ELVIRA GRACE GAMBOA 'changed the limit price' of the open 'good until cancelled' order to sell 500 shares of Defendant GLOBAL RESERVE CORPORATION (GLBR) from $6.25 to '$5.25 per share'.

25. In July 2002, 1ST GLOBAL STOCK TRANSFER LLC issued certificate number 5193 dated July 8, 2002 representing 1,500,000 shares of Defendant GLOBAL RESERVE CORPORATION (GLBR) in the name of Defendant RBC ( ROYAL BANK OF CANADA ) DAIN RAUSCHER INC. That event completed the transfer of 1,500,000 shares of Defendant GLOBAL RESERVE CORPORATION (GLBR) in the "street name." From that point on, every transaction involving those 1,500,000 'shares would be completed in record entry form', on the books of Defendant RBC ( ROYAL BANK OF CANADA ) DAIN RAUSCHER INC. and later Defendant DEPOSITORY TRUST AND CLEARING CORPORATION (DTCC), 'as opposed to actual transfer of shares in certificate form'.

26. In August 2002, Defendant ELVIRA GRACE GAMBOA submitted to Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) a Letter of Authorization dated August 26, 2002 to transfer '225,043 shares' of Defendant GLOBAL RESERVE CORPORATION (GLBR) from the Defendant GAMBOA PROPERTIES INC. (GPI) account to a 'third (3rd) party recipient' []. Plaintiff NEVWEST passed the instructions on to RBC ( ROYAL BANK OF CANADA ) DAIN RAUSCHER INC.. RBC DAIN RAUSCHER INC. (RBC) completed the transfer on September 3, 2002.

27. On September 10, 2002 the 'third (3rd) party recipient' [] of '225,043 shares' of Defendant GLOBAL RESERVE CORPORATION (GLBR) returned '137,218 shares' to the Defendant GAMBOA PROPERTIES INC. (GPI) account via a 'journal transfer'. The net transfer from the Defendant GAMBOA PROPERTIES INC. (GPI) account to the 'third (3rd) party recipient' [] was '87,825 shares' of Defendant GLOBAL RESERVE CORPORATION (GLBR). As of September 11, 2002 the remaining position in the Defendant GAMBOA PROPERTIES INC. (GPI) account included only '1,412,175 shares' of Defendant GLOBAL RESERVE CORPORATION (GLBR).

28. Subsequent to opening [June 6, 2002] the Defendant GAMBOA PROPERTIES INC. (GPI) account, Defendant GAMBOA PROPERTIES INC. (GPI) requested check writing privileges ("Investor Access"), an option offered by defendant RBC ( ROYAL BANK OF CANADA ) DAIN RAUSCHER INC.. On September 30, 2002 at least five (5) checks totaling $29,000 were posted against this account that resulted in a negative balance in excess of $29,000. At or about the same time [September 30, 2002],

Defendant GAMBOA PROPERTIES INC. (GPI) delivered to Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) - via mail - eight (8) checks totaling $40,000 for deposit into this account - each check written in the amount of $4,000 - forwarded to Defendant RBC ( ROYAL BANK OF CANADA ) DAIN RAUSCHER INC. in apparent settlement of the negative balance. On October 10, 2002 the checks were returned as a consequence of 'Non-Sufficient Funds (NSF)' in the bank account(s) from which they were drawn. The returned checks were written against a checking account at Defendant WASHINGTON MUTUAL INC. in the name of PEARLASIA FOUNDATION, an entity presumptively related to Defendant GAMBOA PROPERTIES INC. (GPI).

29. At or about this time [October 10, 2002], upon learning of this matter, a registered principal of Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) contacted the customer [Defendant GAMBOA PROPERTIES INC. (GPI) and reached an individual Defendant ELVIRA GRACE GAMBOA. Defendant ELVIRA GRACE GAMBOA, listed as Chairperson and President of Defendant GAMBOA PROPERTIES INC. (GPI) in the account documentation provided to Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) upon opening, indicated that she would investigate the matter and wire any funds to Defendant GAMBOA PROPERTIES INC. (GPI) account at Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) so as to resolve the discrepancy. No wire was ever consummated. Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) did, however, receive a cashier's check in the amount of $5,000 on October 24, 2002. The Defendant GAMBOA PROPERTIES INC. (GPI) account, nonetheless, remained with a negative balance in excess of $24,000. After numerous appeals emanating from Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) to Defendant ELVIRA GRACE GAMBOA requesting adequate payment to cover the negative balance, it became painfully obvious that neither Defendant GAMBOA PROPERTIES INC. (GPI) nor Defendant ELVIRA GAMBOA intended to fulfill their obligation.

30. In October 2002, pursuant to the terms of the 'Investment Access' account and applicable rules and regulations, including Regulation 'T' of the U.S. FEDERAL RESERVE, Defendant RBC ( ROYAL BANK OF CANADA ) DAIN RAUSCHER INC. and Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) initiated a liquidation of securities positions in Defendant GAMBOA PROPERTIES INC. (GPI) account. Between October 29, 2002 and October 31, 2002 Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) liquidated 1,412,175 shares of Defendant GLOBAL RESERVE CORPORATION (GLBR) from the Defendant GAMBOA PROPERTIES INC. (GPI) account at the best available prices as determined in accordance with the NATIONAL ASSOCIATION OF SECURITIES DEALERS (NASD) Conduct Rule 2320(g) - the 'three quote rule' - where those prices ranged from '$0.0001 per share' to '$1.00 per share'. The total proceeds from the liquidation of 1,412,175 shares of Defendant GLOBAL RESERVE CORPORATION (GLBR) from Defendant GAMBOA PROPERTIES INC. (GPI) account, 'net' of transaction costs, were '$871.91'.

31. In the process of the liquidation of 1,412,175 shares of Defendant GLOBAL RESERVE CORPORATION (GLBR) from the Defendant GAMBOA PROPERTIES INC. (GPI) account, Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) 'acted in the principal capacity' for 'part of the transaction'. Between October 29, 2002 and October 30, 2002 Plaintiff 'NEVWEST SECURITIES CORPORATON (NEVWEST) acquired 1,370,000 shares of Defendant GLOBAL RESERVE CORPORATION (GLBR) from the Defendant GAMBOA PROPERTIES INC. (GPI) account' at the best price available to the client Defendant GAMBOA PROPERTIES INC. (GPI) as determined in accordance with the 'three quote rule'. At the time of the transaction, such best price was '$0.0001 per share'. The cost of the transaction to Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) was a total of '$137.00', exclusive of the cost of clearing the trades estimated at '$25.00'. As a result of the transaction, Plaintiff 'NEVWEST SECURITIES CORPORATON (NEVWEST) became a bona fide subsequent purchaser' within the meaning of Article 8 of the UNIFORM COMMERCIAL CODE (UCC).

32. As a 'bona fide subsequent purchaser', within the meaning of Article 8 of the UNIFORM COMMERCIAL CODE (UCC), Plaintiff 'NEVWEST SECURITIES CORPORATON (NEVWEST) - in good faith - 'attempted to sell parts of it's Defendant GLOBAL RESERVE CORPORATION (GLBR) position for a profit' in order to recover the losses incurred as a result of the Defendant GAMBOA PROPERTIES INC. (GPI) account liquidation. On October 31, 2002, Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) 'sold a total of 30,000 shares' of Defendant GLOBAL RESERVE CORPORATION (GLBR) at the best available price as determined in accordance with the 'three quote rule'. At the time of the transaction, such best price was '$0.0001 per share'. For the transactions, Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) used Defendant 'RBC ( ROYAL BANK OF CANADA's ) DAIN RAUSCHER INC.'s routing system', which 'directed the orders to KNIGHT SECURITIES L.P.' ("KNIGHT").

33. On November 4, 2002 Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) 'sold a total of 10,000 shares' of Defendant GLOBAL RESERVE CORPORATION (GLBR) at the best available price as determined in accordance with the 'three quote rule'. At the time of the transaction, such best price was '$0.0001 per share'. Being unable to obtain a price higher than '$0.0001 per share' for Defendant GLOBAL RESERVE CORPORATION (GLBR) stock, Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) chose to route a number of 'good until cancelled' limit orders to KNIGHT SECURITIES L.P. (KNIGHT) and HILL, THOMPSON, MAGID & CO. INC. ("HILL"). HILL, THOMPSON, MAGID & CO. INC. (HILL) chose to display Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) selling interest in its unsolicited offering quote priced at '$0.20'.

34. The securities in the GAMBOA PROPERTIES INC. (GPI) account had virtually no liquidity. There were 'no published inter-dealer quotations and indications of interest to buy those securities as established', in a series of phone calls placed by Plaintiff NEVWEST SECURITIES CORPORATON's (NEVWEST's) trading department to several market makers, above and beyond required compliance with the 'three quote rule'. Under these circumstances, the liquidation value of the positions in the GAMBOA PROPERTIES INC. (GPI) account was far from the amount of the debit. As a consequence of this, Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) carried out the liquidation over a period of several days - in the hope of finding the best available market and maximizing the proceeds of sale - but encountered no market interest at prices above a fraction of a penny. On several days subsequent to Plaintiffs liquidation of GLOBAL RESERVE CORPORATION (GLBR) specifically, sales printed at '$0.0001 per share' at or about the close of the market, there would be a '100 share print' at '$5.00' for Defendant GLOBAL RESERVE CORPORATION (GLBR), activity Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) suspects was 'calculated to mark the close'. Thereafter, Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) contacted NASDAQ Market Operations and apprised them of its concern related to what appeared to be 'suspicious trading activity'.

35. As a result of Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) routing the orders to HILL, THOMPSON, MAGID & CO. INC. (HILL) and KNIGHT SECURITIES L.P. (KNIGHT) - and HILL, THOMPSON, MAGID & CO. INC. (HILL) reflecting Plaintiff NEVWEST SECURITIES CORPORATON's (NEVWEST's) order at $0.20 - Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) 'effectively precluded any attempt by anyone to trade at higher prices' before filling Plaintiff NEVWEST SECURITIES CORPORATON's (NEVWEST's) sell order.

36. On November 13, 2002 Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) received - via facsimile - several pieces of correspondence from Defendant GLOBAL RESERVE CORPORATION (GLBR) containing letters dated between November 4, 2002 and November 13, 2002 addressed to Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST), Defendant RBC ( ROYAL BANK OF CANADA ) DAIN RAUSCHER INC., and HILL, THOMPSON, MAGID & CO. INC. (HILL). Conspicuously, there was 'no correspondence addressed to KNIGHT SECURITIES L.P.' (KNIGHT). The role of KNIGHT SECURITIES L.P. (KNIGHT) - in Defendant GLOBAL RESERVE CORPORATION (GLBR) transactions - was no different than that of HILL, THOMPSON, MAGID & CO. INC. (HILL) except for the fact that 'KNIGHT SECURITIES L.P. (KNIGHT) did not post any unsolicited quotes'. The letters claimed certificate number 5193 dated July 8, 2002 - representing 1,500,000 shares of Defendant GLOBAL RESERVE CORPORATION (GLBR) in the name of Defendant RBC ( ROYAL BANK OF CANADA ) DAIN RAUSCHER INC. - had been 'cancelled by a corporate resolution' on October 23, 2002.

37. On November 18, 2002 HILL, THOMPSON, MAGID & CO. INC. (HILL) - filled a part of Plaintiff NEVWEST SECURITIES CORPORATON's (NEVWEST's) open limit order - purchasing '9,000 shares' of Defendant GLOBAL RESERVE CORPORATION (GLBR) at '$0.02 per share'.

38. On December 4, 2002 Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) 'sold a total of 5,000 shares' of Defendant GLOBAL RESERVE CORPORATION (GLBR) at the best available price as determined - in accordance with the 'three quote rule' - at the time of the transaction, such best price was '$0.07 per share'.

39. Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) is informed and thereupon believes that Defendants GAMBOA PROPERTIES INC. (GPI), GLOBAL RESERVE CORPORATION (GLBR), ELVIRA GRACE GAMBOA a.k.a. PEARLASIA, MARK LOGAN PEDLEY a.k.a. MARK WELLINGTON a.k.a. BRANCH VINEDRESSER a.k.a. DR. TZEMACH "BEN" DAVID NETZER KOREM PH.D., TERESITA GAMBOA, GENEROSO G. GAMBOA, ANNELIESE YABUT, and HAROLD F. HARRIS have 'engaged-in' and 'continue to commit' 'securities fraud' and/or 'market manipulation'. These Defendants 'own' or 'control' an 'issuer' listed on the Pink Sheets ADATOM.COM INC. ("ADTM"), a Delaware corporation. It appears that ADATOM.COM INC. (ADTM) is used as a vehicle to spawn multiple publicly traded companies in so called spin-off transactions to create separate publicly listed companies on the Pink Sheets. Defendant GAMBOA PROPERTIES INC. (GPI) deposited into their account at Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) a number of shares of several such spin-off entities and 1,500,000 shares of stock in Defendant GLOBAL RESERVE CORPORATION (GLBR). There is evidence in the past that Defendant ELVIRA GRACE GAMBOA used stock in Defendant GLOBAL RESERVE CORPORATION (GLBR) to obtain control of ADATOM.cOM INC. (ADTM).

40. Upon Plaintiff NEVWEST SECURITIES CORPORATON's (NEVWEST's) discovery of the substantial deficit in the Defendant GAMBOA PROPERTIES INC. (GPI) account, and subsequent to NEVWEST SECURITIES CORPORATON's (NEVWEST's) internal investigation of the circumstances involving this matter, Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) became aware of 'significant suspicious trading activity' involving Defendant GLOBAL RESERVE CORPORATION (GLBR) and 'other securities similarly held' in Defendant GAMBOA PROPERTIES INC. (GPI) account at Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST). The 'daily volumes' and 'trading prices' tend to suggest 'manipulative practices and trades designed to influence the perceived value of the securities based on the last reported price'.

41. On December 10, 2002 Defendant RBC ( ROYAL BANK OF CANADA ) DAIN RAUSCHER INC. informed Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) that Defendant DEPOSITORY TRUST AND CLEARING CORPORATION (DTCC) shorted Defendant RBC ( ROYAL BANK OF CANADA ) DAIN RAUSCHER INC. 1,500,000 shares of Defendant GLOBAL RESERVE CORPORATION (GLBR) stock based on 'cancellation of certificate number 5193 dated July 8, 2002' in the name of Defendant RBC ( ROYAL BANK OF CANADA ) DAIN RAUSCHER INC. [See, item 25.]

42. Defendant RBC ( ROYAL BANK OF CANADA ) DAIN RAUSCHER INC. immediately passed the short through to Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) in an apparent violation of Article 8 of the UNIFORM COMMERCIAL CODE (UCC).

43. On December 11, 2002 Plaintiff NEVWEST SECURITIES CORPORATON (NEVWEST) asserted its rights under Article 8 of the UNIFORM COMMERCIAL CODE (UCC) and informed 1ST GLOBAL STOCK TRANSFER LLC of the 'limitations on the issuer ability to cancel an outstanding block of stock by corporate resolution'. Upon that notice, 1ST GLOBAL STOCK TRANSFER LLC 'revoked the cancellation of the certificate number 5193 dated July 8, 2002 representing 1,500,000 shares of Defendant GLOBAL RESERVE CORPORATION (GLBR) in the name of Defendant RBC ( ROYAL BANK OF CANADA ) DAIN RAUSCHER INC. 1ST GLOBAL STOCK TRANSFER LLC informed Defendant GLOBAL RESERVE CORPORATION (GLBR) that the cancellation would not stand unless Defendant GLOBAL RESERVE CORPORATION (GLBR) obtained a valid Court order to that effect.

44. Upon learning of the revocation of the cancellation of the certificate number 5193, Defendant GLOBAL RESERVE CORPORATION (GLBR) - fired 1ST GLOBAL STOCK TRANSFER LLC as its transfer agent and - chose to 'act as its own transfer agent'. On or about December 12, 2002 Defendant GLOBAL RESERVE CORPORATION (GLBR) contacted Defendant DEPOSITORY TRUST AND CLEARING CORPORATION (DTC) directly, trying to enforce the cancellation of certificate 5193. However, aware of the legal requirements of Article 8 of the UNIFORM COMMERCIAL CODE (UCC), Defendant DEPOSITORY TRUST AND CLEARING CORPORATION (DTCC) refused to recognize the cancellation without a valid Court order.

45. On January 6, 2003 the Florida 15th Judicial Circuit Court in and for Palm Beach County, 'Florida issued a Court order canceling stock certificate 5193' of Defendant GLOBAL RESERVE CORPORATION (GLBR) dated July 8, 2002. This order is 'invalid because: (a) The stock certificate 5193' of Defendant GLOBAL RESERVE CORPORATION (GLBR) dated July 8, 2002 was in the name of Defendant RBC ( ROYAL BANK OF CANADA ) DAIN RAUSCHER INC.' that was not a party to the hearing; and, (b) The supporting evidence used in the Florida hearing appears to contain fraudulent misrepresentations by Defendants HAROLD F. HARRIS and ELVIRA GRACE GAMBOA.

- - - -

CIVIL DOCKET

United States District Court
District of Nevada - Las Vegas

CIVIL DOCKET FOR CASE #: 2: 03-CV-00039 RLH-RJJ

NEVWEST SECURITIES CORPORATION vs. HAROLD F. HARRIS, et al.

Docket Text

01/10/2003 1 Complaint with Jury Trial on behalf of Plaintiff. (Entered: 02/10/2003)

01/10/2003 Summons issued (12) on behalf of Plaintiff (Entered: 02/10/2003)

01/10/2003 2 Motion For Temporary Restraining Order, Ex Parte Application For Temporary Restraining Order and Preliminary Injunction on behalf of Plaintiff. Emergency Relief Request. (Disposition: ORDER #3 granted. (Entered: 02/10/2003)

01/10/2003 3 Temporary Restraining Order, Ordered: The above named Defendants to appear on 1-16-03 @ 1pm before KJD; Further Ordered: Pending hearing, Defendants are hereby enjoined from honoring the Florida Court ORDER; Further Ordered: Plaintiff to post a security bond in the amount of $5,000.00 prior to filing of TRO. (Entered: 02/10/2003)

01/13/2003 4 Certificate Of Cash Deposit in the amount of $5,000.00 per ORDER #3 on behalf of Plaintiff. (Entered: 02/10/2003)

01/15/2003 5 ORDER, Ordered: This matter to be referred for reassignment to another District Judge. cps dis (Entered: 02/10/2003)

01/15/2003 6 ORDER, Ordered: Due to a reassignmnt of District Judges, the hearing set for 1-16-03 @ 1pm before KJD is Vacated. cps dis (Entered: 02/10/2003)

01/15/2003 7 Summons returned executed as to ANNELIESE YABUT with Return of Service dated 1-13-03 on behalf of Plaintiff (Entered: 02/10/2003)

01/15/2003 8 ORDER, Ordered: Defendants shall appear on 1/17/03 @ 1:30 pm for a hearing on Plaintiffs Motion For Preliminary Injunction. (cps dist) (Entered: 02/10/2003)

01/15/2003 9 Certificate Of Interested Parties on behalf of Plaintiff. (Entered: 02/10/2003)

01/16/2003 10 ORDER, Ordered: This action is reassigned to Judge RLH for all further proceedings. (cps dist) (Entered: 02/10/2003)

01/16/2003 11 Motion For Miscellaneous Relief to vacate Ex Parte TRO issued on 1/10/03; or is to increase the amount of the bond securing the TRO on behalf of RBC ( ROYAL BANK OF CANADA ) DAIN RAUSCHER INC. (s) (Disposition: ORDER #15 (Entered: 02/10/2003)

01/16/2003 12 Response In Opposition To Motion For Preliminary Injunction (#2) on behalf of RBC ( ROYAL BANK OF CANADA ) DAIN RAUSCHER INC. (s) (Entered: 02/10/2003)

01/16/2003 13 Motion For Miscellaneous Relief for Contempt against Defendant RBC ( ROYAL BANK OF CANADA ) DAIN RAUSCHER INC. (Emergency Relief Request) on behalf of Plaintiff. (s) (Disposition: ORDER #15 (Entered: 02/10/2003)

01/16/2003 Miscellaneous document FAX from GAMBOA PROPERTIES INC. regarding Agreement between GAMBOA & NEVWEST. (Entered: 02/10/2003)

01/17/2003 Miscellaneous document Stipulation / Order To Dismiss - RLH (Entered: 02/10/2003)

01/17/2003 14 Response In Opposition To Motion to Motion (#13) on behalf of RBC ( ROYAL BANK OF CANADA ) DAIN RAUSCHER INC. (s) (Entered: 02/10/2003)

01/21/2003 15 ORDER on Stipulation To Dismiss all claims by and between RBC ( ROYAL BANK OF CANADA ) DAIN RAUSCHER INC. (cps dist) (Entered: 02/10/2003)

01/23/2003 16 Summons returned executed as to TERESITA GAMBOA with Return of Service dated 1-13-03 on behalf of Plaintiff. (Entered: 02/10/2003)

01/23/2003 17 Summons returned executed as to GAMBOA PROPERTIES INC. with Return of Service dated 1-14-03 on behalf of Plaintiff. (Entered: 02/10/2003)

01/23/2003 18 Summons returned executed as to GENEROSO G. GAMBOA with Return of Service dated 1-13-03 on behalf of Plaintiff. (Entered: 02/10/2003)

01/23/2003 19 Notice (Other) Of Withdrawl Of Motion For Preliminary Injunction and Motion For Contempt on behalf of Plaintiff. (m) (Entered: 02/10/2003)

01/24/2003 20 Summons returned executed as to RBC ( ROYAL BANK OF CANADA ) DAIN RAUSCHER INC. with Return of Service dated 1-14-03 on behalf of Plaintiff (Entered: 02/10/2003)

01/28/2003 21 Summons returned executed as to WASHINGTON MUTUAL INC. with Return of Service dated 1-17-03 on behalf of Plaintiff. (Entered: 02/10/2003)

01/28/2003 22 Summons returned executed as to THE DEPOSITORY TRUST AND CLEARING CORPORATION with Return of Service dated 1-15-03 on behalf of Plaintiff. (Entered: 02/10/2003)

02/06/2003 Miscellaneous document Stipulation To Extend Time To Respond To Complaint To Judge RLH (Entered: 02/10/2003)

02/07/2003 Miscellaneous document (3) Stipulation/Order Extending Time To Answer on behalf of TERESITA GAMBOA, ANNELIESE YABUT, and GENEROSO G. GAMBOA - RLH (Entered: 02/10/2003)

02/07/2003 23 ORDER on Stipulation Defendants have until 2/21/03 to answer or respond. (cps dist) (Entered: 02/10/2003)

02/10/2003 24 ORDER on Stipulation ANNELIESE YABUT shall have until 2/28/03 to file an answer or respond to Complaint. (cps dist) (Entered: 02/11/2003)

02/10/2003 25 ORDER on Stipulation GENEROSO G. GAMBOA shall have until 2/28/03 to file an answer or respond to Complaint. (cps dist) (Entered: 02/11/2003)

02/10/2003 26 ORDER on Stipulation TERESITA GAMBOA shall have until 2/28/03 to file an answer or respond to Complaint. (cps dist) (Entered: 02/11/2003)

02/11/2003 27 Certificate of Service regarding service to MILIANA MOROWITZ on behalf of Plaintiff. (Entered: 02/12/2003)

02/14/2003 28 NOTICE (Other) of bankruptcy on behalf of Defendant GENEROSO G. GAMBOA and TERESITA GAMBOA. (s) (Entered: 02/19/2003)

02/21/2003 29 Answer to Complaint on behalf of Defendant WASHINGTON MUTUAL INC. (m) (Entered: 02/25/2003)

02/21/2003 30 Answer to Complaint on behalf of Defendant MILIANA MOROWITZ. (m) (Entered: 02/25/2003)

03/04/2003 31 NOTICE (OTHER) Of Intent To Enter Default on behalf of Plaintiff. (m) (Entered: 03/04/2003)

03/07/2003 Miscellaneous document Stipulation/Order Extending Time For Answer - RLH (Entered: 03/10/2003)

03/07/2003 32 Affidavit on behalf of Plaintiff of Due Diligence. (Entered: 03/10/2003)

03/07/2003 33 Affidavit on behalf of Plaintiff of Due Diligence. (Entered: 03/10/2003)

03/07/2003 34 Affidavit on behalf of Plaintiff for Service by Publication. (Entered: 03/10/2003)

03/10/2003 35 ORDER on Stipulation ANNELIESE YABUT shall have until 3/31/03 to file an answer or respond to the Complaint. (cps dist) (Entered: 03/10/2003)

03/11/2003 36 ORDER for service by publication. (cps dist) (Entered: 03/12/2003)

03/18/2003 37 Acceptance Of Service on behalf of Plaintiff regarding service of Summons and Complaint to Defendant DEPOSITORY TRUST AND CLEARING CORPORATION. (Entered: 03/18/2003)

03/31/2003 38 Motion To Dismiss on behalf of Defendant DEPOSITORY TRUST AND CLEARING CORPORATION for lack of personal jurisdiction and for failure to assert a claim which relief can be granted. (m) (Disposition: Moot ORDER #40 (Entered: 04/02/2003)

04/07/2003 39 Notice Of Voluntary Dismissal on behalf of Plaintiff without prejudice of Defendant DEPOSITORY TRUST AND CLEARING CORPORATION. (m) (Entered: 04/07/2003)

04/08/2003 Miscellaneous document Stipulation/Order for dismissal of ANNELIESE YABUT with prejudice - RLH (Entered: 04/09/2003)

04/10/2003 40 ORDER ON STIPULATION that Defendant ANNELIESE YABUT is dismissed with prejudice, each party to bear its own fees/costs. (cps dist) (Entered: 04/10/2003)

05/15/2003 Miscellaneous document Stipulation to Dismiss. to RLH (Entered: 05/15/2003)

05/16/2003 41 ORDER on Stipulation Order. Defendants WASHINGTON MUTUAL INC., and MILIANA MOROWITZ dismissed from action with prejudice, each party to bear own attorneys fees/costs. Cps dist. (Entered: 05/16/2003)

02/26/2004 42 NOTICE (Other) to Counsel pursuant to LR 41-1. (Entered: 02/27/2004)

03/17/2004 43 ORDER, Ordered: This action is dismissed without prejudice for want of prosecution. (cps dist) (Entered: 03/18/2004)

====

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BUSINESS WIRE

U.N. Dollars Corp. Acquires Slateco

September 04, 2001 11:00:00 AM ET

LAS VEGAS - BUSINESS WIRE - September 4, 2001 - U.N. DOLLARS CORP. ( Over-The-Counter: UDLL) is in the process of changing its name to SLATECO INTERNATIONAL GROUP INC. ( SIGI ) [ SLGI ] as a result of acquiring the SLATECO GROUP of companies.

SIGI is a company formed to propel itself into the mainstream of the world economy. SIGI's principal focus is on SLATECO EARTH OPERATIONS INC., a marble quarry operation consisting of two (2) main quarries (White Carrera and Black Marble) and one (1) secondary quarry consisting of Yellow Marble. From this operation was born the conglomerate, a group of companies working together to support the combined operations of the whole.

The quarry sites, located 90-miles from the corporate headquarters in Las Vegas, are in Nye County Nevada. With the step up in operations this new conglomerate will afford, SIGI will look to bolster the economy of Nye County, as well as provide much needed jobs in the area.

SIGI corporate structure allows it to enhance the operations of each member of the group with each company providing the expertise necessary to support the workings of the other members of the group. This is unique because each company will also continue to maximize the profitability of its current operations, while serving the current customer bases, SIGI can assist each individual company in the conglomerate to further its success.

One of the key members of SIGI is MCCLENDON TRANSPORTATION GROUP INC. ( Pink Sheets: MCCL ), a long-standing company with noticeable regional success in the trucking and logistics business. SIGI goal is to propel this partner into the forefront of the transportation and shipping management areas.

SPECIAL MACHINES INC. ( SMI ) is a company that specializes in the creation of assembly line and special machinery applications that allows customers to stamp out, die, cast and create their own special or unique part or item pertinent to their business needs. Besides continuing to serve its customer base as it has for more than 18-years, SMI will create unique assembly line processes to be utilized at the quarry sites in order to increase productivity and output.

ITAL STONE INC. is the marketing arm for the quarry operations, with more than 6-years of experience in the marble and granite retail industry, and a member of the Marble Institute of America.

This company brings years of stone retailing experience to the conglomerate. The company operates a 100,000-square-foot facility in Las Vegas and has numerous construction clients throughout the West and Southwest, as well as hotel and casino clients in Las Vegas.

As a result of SLATECO GROUP merging into U.N. DOLLAR CORP. ( UDLL ) the process has begun to transfer all of the pre-SLATECO acquired assets into a new subsidiary, GLOBAL RESERVE CORPORATION, and paying the shareholders of U.N. DOLLAR CORP. a 'dividend' of one (1) share of GLOBAL RESERVE CORP. for every share currently owned by U.N. DOLLAR CORP. shareholders. A shareholder record date has not yet been set for this dividend.

Profiles

SLATECO EARTH OPERATIONS INC.:

- $2,300,000,000 Billion in assets
- 1st year projected income at more than $125,000,000 million

MCCLENDON TRANSPORTATION GROUP INC.:

- Revenue stream $40,000,000 million
- $9,000,000 million in assets

SPECIAL MACHINES INC. ( SMI ):

- Net income $2,000,000 million annually
- $1,500,000 million in assets

ITAL STONE INC.:

- Net income $2,500,00 million annually
- $2,500,000 million in assets

MAPP BUILDING SERVICES AND DISTRIBUTING INC.:

- Via service contracts for SA authorized services
- Net income $1,500,000 million
- $500,000 in assets

U.N. DOLLARS CORP.:

- Symbol for OTC trading in the United States: UDLL
- Original incorporation: 1935, State Of Colorado, named as OPHIR GOLD MINES CO.
- Shares Outstanding: 159,000,000
- Float: 5,000,000
- Shareholders: 2,000
- Book Value: $23.00

U.N. DOLLARS CORP. ( UDLL ) operates from a 5,000 square foot office in Jacksonville, Florida and is in the process of moving its headquarters to Las Vegas, Nevada upon completion of acquisition of Slateco group of companies.

Internet website:  http://www.undollars.org

Top Management, Officers and Directors:

Ronald Allen - CEO and Chairman Of The Board
Perry W. Slates - President and Chief Operations Officer

Except for historical information, contained herein, statements in this news release are forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those forecasted or expected.

Contact Information:

PRINCETON RESEARCH INC.
Nevada, USA
Mike King
TEL: (702) 650-3000
FAX: (702) 697-8944
E-MAIL:  kingm@princetoninv.com

====

BUSINESS WIRE

Slateco International Group Completes Merger and Domiciles the New Corporation to Nevada

January 29, 2002 09:02:00 AM ET

LAS VEGAS - BUSINESS WIRE - January 29, 2002 - SLATECO INTERNATIONAL GROUP ( Over-The-Counter: SLIG ) announced today that they have completed a merger between U.N. DOLLARS CORP., SLATECO EARTH OPERATIONS INCORPORATED, SPECIAL MACHINES INC. (SMI), and RRG BUSINESS DEVELOPMENT INCORPORATED. The 3 privately held companies have merged into U.N. DOLLARS CORP. in an all-stock transaction.

U.N. DOLLARS CORPORATION has subsequently changed its name to SLATECO INTERNATIONAL GROUP INCORPORATED, and the company has changed its corporate domicile to the State of Nevada.

The companies joining the merger are SLATECO EARTH OPERATIONS INC. (SLATECO), SPECIAL MACHINES INC. (SMI), and RRG BUSINESS DEVELOPMENT CORPORATION (RRG).

SLATECO is a marble quarry operation attempting to acquire 3 quarries of white, yellow, and black marble. It will be the only operational 'white carrara marble' quarry in the United States. With an international base of clients, the company has an aggressive plan for growth.

SMI specializes in the creation of automotive parts along with manufacturing specialized parts and the creation of assembly lines and machinery applications. With $2,000,000 million in annual revenues, SMI has done business with FORTUNE 500 automotive companies.

RRG is a business-consulting firm that owns an UNIVERSAL PACIFIC INSURANCE COMPANY, which writes surety and casualty business in Central and South America. RRG will head up the Acquisition Department of SLATECO.

Included in the transaction, is a service contract with MAPP BUILDING SERVICES AND DISTRIBUTION COMPANY INC. (MBS), a building services and distribution company with 3 FORTUNE 500 clients and 8-A certified company. MBS will act as the distributing arm for the companies.

SLATECO INTERNATIONAL GROUP also announced today the new officers and executives of the corporation.

The new officers are:

Gary Telly - Chief Executive Officer
Perry Slaton - President and Chief Operations Officer
Curtis Mapp - Chief Financial Officer and Treasurer
Elizabeth Gallon - Corporate Secretary

Each officer will also serve as members of the Board of Directors of the company.

Gary Telly, Chief Executive Officer of SLATECO INTERNATIONAL GROUP said, "It's great to be a part of this phenomenon. SMI has been designing and building secondary machines for the automotive industry for over a quarter of a century. Since becoming involved with the exceptional personalities that make up our unique group, with their positive attitude and desire to succeed, this was probably the biggest reason I had in joining this group. SMI will be one of the main companies behind the extraction of Marble in Las Vegas. This is going to be a challenge, but I love challenges. This is not rocket science, it's just a bigger version of the things we have been doing for years. SLATECO INTERNATIONAL GROUP has positioned itself to propel into the future."

Perry Slaton, President and Chief Operations Officer of SLATECO said, "We have worked to create a significant foundation to create value for our shareholders."

SLATECO has hired PUBLICEASE, 3663 E. Sunset Rd., Suite 104, Las Vegas, Nevada 89120 as its new stock transfer agent. They have been processing all stock transfer issues for the company since November 20, 2001.

Under the completed terms of the merger agreement, U.N. DOLLARS CORP. ( former Management and Operations ) has spun its current companies - including all assets and all liabilities - into a new company GLOBAL RESERVE CORPORATION, which subsequently delivered an empty shell for the merger.

The name of the shell company has been changed to SLATECO INTERNATIONAL GROUP INCORPORATED.

The new groups of incoming officers and directors have taken over the operations of the company.

As a matter of public notice, none of the previous or former managers, directors, or officers of U.N. DOLLARS CORPORATION are in any way involved in the Management or Operations of SLATECO INTERNATIONAL GROUP INCORPORATED.

Statements in this release that are not strictly historical, are forward-looking, and are based upon current expectations.

These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those anticipated by the statements made herein. Such risks may have a significant effect on the company operations and profitability.

In a highly competitive business environment, there can be no assurance that the Company's strategies will successfully improve future operating profitability.

Contact Information:

SLATECO INTERNATIONAL GROUP INC.
Perry Slaton
Nevada, USA
TEL: (702) 658-4181

OR,

PRINCETON RESEARCH INC.
Mike King
Nevada, USA
TEL: (702) 650-3000

====

-------- Original Message --------

From: “Zig” [ JAMES GREGORY (ZIG) ZIEGLER ]  zcarib@hushmail.com
Sent: Thu, 31 Feb 2002 01:50:28 -0800
To: "Van" [ VAN ARTHUR BRINK ]  b4impalaiam@hushmail.com
Subject: Invoice needed


My replies [[ below ]]


-----Quoted Message-----

From: “Zig” [ JAMES GREGORY (ZIG) ZIEGLER ]  zcarib@hushmail.com
Sent: Thu, 31 Feb 2002 00:00:08 -0800
To: "Van" [ VAN ARTHUR BRINK ]  b4impalaiam@hushmail.com
Subject: Invoice needed

Dynamic's are now leaning toward my offer of $300,000 of UN DOLLAR CORP. ( UDLL )! You cannot imagine the quantity of e-mails exchanged for something that seems so simple to thee and me.


[[Careful on pumping UDLL - we'll get that for the sold bank, but not subsequently. We'll get GLOBAL RESERVE CORP. ( GLBR ), it's Pink Sheets brand new. UDLL is Over-The-Counter with some history, and that just completed the merger with SLATECO INTERNATIONAL GROUP INC. ( SLIG ).]]


RE: second bank for David [ MARK LOGAN PEDLEY ]:

1: My paranoia wonders, if they have the two banks they want, will they go forward with the large amount of shares you and I need for the third bank?


[[Pink Sheets company building audited net worth for no money spent. My guess is that they go forward. Sure have made more than one wrong guess in my life, though.]]


2. Their [ DOMINION OF MELCHIZEDEK (DOM) ] multi-zillion $ operation seems to be operating like ours, zillions on paper but no ability to buy lunch. I guess "so what", as long as we get the large chunk of shares.


[[Yes.]]


3. The next least desirable name we have is CHEIROS FIRST BANK A.D., POLE STAR BANK A.D. runs a close second. I like the attorney ( Vera Ostojic in Podgorica, Montenegro) less, with POLE STAR, though no real grievance.


[[Agree regarding names.]]


4. An ideal situation would be to get the advance of shares you're seeking and just turn over PROVIDENCE SAVINGS BANK A.D.???


[[Yes -- I want 800,000,000 million in shares to work with. Take 50,000,000 million out each for you and I personally, and work the rest and get FIRST INTERNATIONAL BANK OF GRENADA LTD. out of my life out of the 700,000,000 million remaining. Hopefully, insurance wrap and hypothecate those and then get them back in 1-year and split them between you and I.]]


5. On the other hand, an ideal situation would be to thee and me have $30k each for groceries next week.


[[We don't turn loose of the second bank [ CHEIROS BANK A.D. ] David [ MARK LOGAN PEDLEY ] wants. Intend to offer CHEIROS, until you have shares for the first SEEDTIME AND HARVEST BANK A.D. plus cash waiting at escrow for CHEIROS. That was the deal. You keep the UN DOLLAR CORP. ( UDLL ) shares for SEEDTIME. You and I split the cash on CHEIROS. Or, if he doesn't go forward with CHEIROS I'll stuff it with assets and sell it either for cash - like $500,000 to $1,000,000 million - or for shares like 800,000,000 million again.]]


You're in charge. Tell me where to sign.

Love you

zig


[[Help me on my draft below, and HAPPY-HAPPY BIRTHDAY!!!]]


Okay, on the PROVIDENCE SAVINGS BANK A.D. audit that is required before you and I can collect all the shares we want to have coming to us –

The accountant ( Bane Gecic in Smederevska Palanka, Serbia ) has been looking at all the audit value numbers, and feeling slighted at only $2,500 per entity audited, he came to me this afternoon wanting $150,000 cash for each entity audited. I had a handshake agreement with him on audit pricing but not a written agreement signed by him. You’d think I’d learn by now.

There are 6 entities being audited. PROVIDENCE SAVINGS BANK A.D., 3 other banks ‘not related to you’ [ MARK LOGAN PEDLEY and/or DOMINION OF MELCHIZEDEK ], THE FRANCIS GROUP INC. ( Nigel J.M. Francis, former FIBG LTD. bank director ), and CASCADE ACCEPTANCE LLC. FRANCIS and CASCADE have to be audited to support the share value that is assigned to PROVIDENCE. The obvious block is, of course, that I don’t happen to have an extra $900,000 in cash right now.

I negotiated him down to $10,000 per entity audited. I don’t happen to have $60,000 right now, either. So I’ve negotiated payment terms. He will finish and release the audits by next Friday in exchange for $2,500 in cash - over and above what I’ve already paid him - plus the balance over 4-months.

I don’t feel like starting over with another auditor. I want to get on with it. That being said – Items he just asked me for:

1. Copy of the invoice, for how much the bank cost.

2. Copy of the purchase agreement, with the previous owner.

3. I also need to come up with an English translation to whatever Panama’s corporate law says on how accounting is to be done. FRANCIS is a Panama IBC. Can you help me on that? You’re in that neck of the woods. Maybe your Uganda attorney friend might have a Panama attorney friend or something.

Other than that the auditor seems to be happy with the audit documentation. That could change as the week progresses, if he thinks of anything else he would want to have on file to cover his butt should he ever be questioned on how he arrived at the numbers presented. Right now he’s waffling on how to present organizational costs as an asset vs. government fees and the like as being pure expense items. Doesn’t really matter which way he goes. Just want it done.

FAX number to use: +256 41 348286 ( VICTORIA CORPORATE SERVICES LTD. - VCS, in Kampala, Uganda ). Don’t need originals. Fax copies will do.

When I volunteered for covering audit expenses, I was doing so on the basis of those expenses being $2,500 per entity, not $10,000 per entity. If you happen to have cash access, I’d appreciate it if you contribute something toward the audit expenses. I don’t need it all right now, but I have no way of coming up with $2,500 by Friday, if you can see your way clear to advance any portion of that now.

If you can’t or don’t, I’ll do as best I can to get the audits released anyway somehow. Know you are probably as broke as I am. If you can’t help, don’t stress over it.

I also need to ask that the audit expenses be recovered first out of income produced (before distributing any income to restoration or to shareholders. I hope you understand. When we get a shit load of shares and figure out how to get cash from them, every problem becomes a non-problem. Until then, I’ve been struggling to keep the phones, the lights and the internet turned on. $10,000 per entity audit expenses I just flat can’t afford. Leap of faith time on my part. Go forward. Or pack it all in now. I chose going forward.

Other development:

I don’t have straight bank accounts lined up for PROVIDENCE SAVINGS BANK A.D., POLE STAR BANK A.D., CHEIROS FIRST BANK A.D., PLATINUM BANK A.D. or LIBERTY ONE SAVINGS BANK A.D., but have a roundabout approach that would work –

Open a FOREX trading account. Add funds at any time. Withdrawals, once a month with 10 international banking days’ notice. Fine with me if you are sole signatory for PLATINUM or whatever.

Professional FOREX trading management provided on a profit sharing split of 50/50 (I negotiated it up from their traditional 40/60 split arrangement with retail customers). Figure average post-split returns monthly at between 2-5%. More info: FOREXAFRICA.COM LTD.  http://www.ForexAfrica.com ( Beenunula Eyenunula Nunumisa in Kampala, Uganda ) they work with large FX firms in London and New York with  http://www.GlobalCap.com ( Blair Baker at GLOBAL CAPITAL INVESTMENT LLC and GCI LLC ). If you would like for me to open such an account for PLATINUM, let me know. A $3,000 minimum opening placement is required for the wholesale 50/50 account.

In these post-911 days I think the only ways remaining for an offshore bank to have a bank account at all are these:

a. In something other than US Dollars (the pressure is on for offshore U.S. dollar accounts – CIBC was one of the last major hold outs and they just booted ALL offshore banks as account holders; FIBG fought that same drill since day two).

b. Through a trust company, at both FIDELITY INTERNATIONAL BANK INC. and FIBG LTD. bank we did this through FIDELITY MANAGEMENT & Trust (SVG). These days, however, I don’t think you would get away with noting a “for further credit to (insert name of bank)” and “for final credit to (insert account holder name and number).” You’d just have to have it as Lighthouse Trust Company (or whatever), then note: “Re: PLATINUM BANK A.D. 342885” (or whatever account number was assigned at PLATINUM).

There would be nothing to prevent you from forming such a trust company and establishing a commercial banking relationship. I’m thinking of doing that over here to provide services to the several offshore banks I’m working with (there has to be some place to catch income for disbursement). If you do form a trust company and transact funds through it on behalf of any bank, do keep track of everything so we can survive the next audit.

That’s it. Help me get these information items completed so we can have the audit reports finished. Fax copies alone will do. Confirmed that with him ( Olukayode “Olu” Osunsan at VCS). The fax number, again, is +256 41 348286.

-----Quoted Message-----

====

-------- Original Message --------

From: "David" [ MARK LOGAN PEDLEY ]  melchizedek@hushmail.com
Sent: Fri, 22 Mar 2002 00:08:28 -0800
To: "Van" [VAN ARTHUR BRINK ]  b4impalaiam@hushmail.com
Subject: Re: Follow-Up Questions


SEE MY ANSWERS BELOW IN CAPS


-----Quoted Message-----

From: "Van" [VAN ARTHUR BRINK ]  b4impalaiam@hushmail.com
Sent: Fri, 1 Mar 2002 13:14:24
To: "David" [MARK LOGAN PEDLEY ]  melchizedek@hushmail.com
Subject: Follow-Up Questions

David, some good news:

I anticipate completion of the audits by next Friday, per conversation with auditor today.


GOOD NEWS. SORRY'VE BEEN OUT OF TOUCH BUT HAD A STINT IN THE HOSPITAL, YET ALL BETTER NOW.


This accountant has been looking at all the numbers and feeling slighted at only $2,500 per entity audited, he came to me this afternoon wanting $150,000 cash for each entity audited. I had a handshake agreement with him on audit pricing, not a written agreement signed by him. You'd think I'd learn by now.

There are 6 entities being audited:

- PROVIDENCE SAVINGS BANK A.D., the bank that will have $1-Billion that I'm wanting to exchange for shares in Over-The-Counter or Pink Sheets company;
- CYBERWORLD BANK;
- PACIFIC INVESTMENT AND TRADE BANK;
- MARITIME DEVELOPMENT BANK;
- THE FRANCIS GROUP INC.; and,
- CASCADE ACCEPTANCE LLC.

FRANCIS and CASCADE have to be audited to support the share value that is assigned to PROVIDENCE. The obvious block is, of course, that I don't happen to have an extra $900,000 in cash right now.

I negotiated him down to $10,000 per entity audited. I don't happen to have $60,000 right now, either. So I've negotiated payment terms. He will finish and release the audits by next Friday in exchange for $2,500 in cash over and above what I've already paid him and the balance over 4 months.

I don't feel like starting over with another auditor. I want to get on with it. That being said - Items he just asked me for:

1. Internet addresses he can pull up that will confirm share prices of UDLL and INTERNATIONAL MONETARY RESERVE ( IMR ) on September 30, 2001 (date of audit report). I figure UDLL info could be pulled up at  http://www.nasdaq.com but I don't know if that would show back history. Any thoughts on how to come up with that, also does DOMEX have a website where prices on 9/30/01 could be confirmed by an independent auditor?


YOU CAN SEE THE INTERNATIONAL MONETARY RESERVE ( IMR ) LAST TRADED AT DOMEX [ DOMINION OF MELCHIZEDEK STOCK EXCHANGE ] $115.00 IN JUNE [2001] AT:

 http://www.dom.md

HERE YOU CAN FIND THE NEWS THAT UN DOLLARS CORP. ( UDLL ) BECAME SLATECO INTERNATIONAL GROUP INC. AT:

 http://www.bloomberg.com/fgcgi.cgi?T=marketsquote99_news.ht&s=APFarPRcrU2xhdGVj

HERE YOU CAN SEE THAT SLATECO INTERNATIONAL GROUP INC. ( SLIG ) WAS $10.00 PER SHARE END OF SEPTEMBER [2001] AT:

 http://quotes.nasdaq.com/quote.dll?page=charting&mode=DrilldownFrameset&symbol=SLIG&selected=SLIG&months=12&elem=0


2. You sent me the executed Deeds of Assignment from IMR for PACIFIC INVESTMENT AND TRADE BANK, CYBERWORLD BANK, and MARITIME DEVELOPMENT BANK, and rather than go through FedEx for confirmations, can you have a guru set your FAX machine to read “IMR” and the phone number, and then FAX a copy of those Deeds of Assignment to: +256 41 348286. He'll accept FAX authentication of the documents we have.

3. He also wants to see share certificates from UN DOLLARS CORP. (now SLATECO) and from IMR that correspond to those deeds of assignment. Again, FAX copies will do (originals can catch up later).

Other than that the auditor seems to be happy with the audit documentation. That could change as the week progresses. If he thinks of anything else, he would want to have on file to cover his butt should he ever be questioned on how he arrived at the numbers presented. Right now he's waffling on how to present organizational costs as an asset vs. government fees, and the like, as being pure expense items. Doesn't really matter which way he goes. Just want it done. Again, FAX number to use: +256 41 348286. Don't need originals. FAX copies will do.

I've wanted to proceed with an earnest money agreement with GLOBAL RESERVE CORP. but the e-mail address I have doesn't work. I asked you for this in other e-mails. Forgive my redundant request in this matter. I need to have the ability to pledge shares as collateral for a loan to cover these expenses and some other items. Will absolutely come through on delivering a bank with approximately $1-Billion in audited asset net worth. Can you help me speed this process along?

One thought I had today was that of not only bargaining on the auditing prices of the present companies, but also for additional companies to be audited. I named 6 additional companies, but could substitute GLOBAL RESERVE CORP. for one of them I think. With an audited statement, GLOBAL RESERVE CORP. could go Over-The-Counter rather than Pink Sheets, couldn't it?


THAT IS A GOOD IDEA TO AUDIT GLOBAL RESERVE CORP. AT SAME TIME! BUT FOR IT TO MAKE SENSE, IT SEEMS THAT GLOBAL RESERVE CORP. SHOULD OWN AN ASSET WHERE THE AUDITOR IS LOCATED.


I don't know what all GLOBAL RESERVE CORP. would have in it but it would have a bank worth an approximate $1-Billion and some other assets, perhaps DOMEX and Over-The-Counter stocks? This auditor is by no means a Big Three name, but he is a Certified Public Accountant with a license in good standing. $10,000 is a bargain. What do you think?

Another development:

I don't have straight bank accounts lined up for any offshore bank. You've mentioned being able to establish such accounts at a bank in Latvia, but I'm questioning how long that might still be good for, if the account is in the offshore bank's name and denominated in U.S. dollars. The anti-offshore pressure is intense on foreign banks that wish to offer U.S. dollar accounts to offshore banks. CIBC just axed all offshore banks. The Caribbean is virtually closed, so too is the Central and South Pacific.


THEY KICKED MY FRIENDS MONTENGRO AND GRENADA BANKS OUT OF THE BANK IN LATVIA BECAUSE OF PRESURE FROM AMERICAN AGAINST THOSE JURISDICTIONS.


I have a roundabout approach that would work - Open a FOREX trading account. Add funds at any time. Withdrawals, once a month, with 10 international banking days' notice. Professional FOREX trading management, provided on a profit sharing split of 50/50, which I negotiated ‘up’ from their traditional 40/60 split arrangement with retail customers. Figure the average post-split returns monthly at between 2-5%. More info: at  http://www.ForexAfrica.com works with large FOREX firms in London and New York. A $3,000 minimum opening placement is required for the wholesale 50/50 account.


SEEMS LIKE A GOOD IDEA. IT COULD ALSO BE DONE WITH STOCK AND BOND ACCOUNTS. BANKASIA AG - A DOMINION OF MELCHIZEDEK ( DOM ) BANK - HAS HAD A STOCK BROKERAGE ACCOUNT AT A MAJOR VANCOUVER FIRM FOR ABOUT 7-YEARS.


In these post-911 days I think the only ways remaining for an offshore bank to have a bank account at all are these:

A. In something other than U.S. dollars, then do a FOREX transfer to an U.S. dollars account not in the bank's name; and,

B. Through a Trust company, at both FIDELITY and FIBG, we did this through FIDELITY MANAGEMENT & TRUST (SVG). These days, however I don't think you would get away with noting a "for further credit to (insert name of bank)" and "for final credit to (insert account holder name and number)." You'd just have to have it something like Lighthouse Trust Company - or whatever - and then note: "Re: SEEDTIME AND HARVEST BANK A.D. (342885)" or whatever 'account number' PLATINUM BANK A.D. assigned for it.

There would be nothing to prevent you from forming such a Trust company and establishing a commercial banking relationship. I'm doing that over here in Kampala, and providing services to several offshore banks ( NILE BANK LTD., ORIENT BANK LTD., and OSAKA BANK LTD. in Kampala ) through VICTORIA CORPORATE SERVICES LTD. (VCS) here.

There has to be some place to catch income for disbursement. If you do form a Trust company, and transact funds through it on behalf of any bank, do keep track of everything so you can survive an audit.


YES


That's it. Help me get these information items completed so we can have the audit reports finished. FAX copies alone will do. Confirmed that with him. The FAX number, again, is: +256 41 348286.

Van


SENT, PLEASE LET ME KNOW YOU RECEIVED 3 PAGES.

DAVID

-------- Original Message --------

====

THE INTERNATIONAL MONETARY RESERVE - TIMR (aka) IMR

Established: 1996

Dwight Mallette - Chairman of the Board & Chief Operating Officer
Frank Merovingi - President
Jess E. Forrest - Vice President and General Counsel
William Peter Nel - Vice President of Financial Planning
Elvira Gamboa (aka) Elvira Grace "Maria" Gamboa (aka) Ms. Pearlasia - Secretary

TIMR – IMR BANK NOTES

- Treasury Rate Notes
- Deep Discount Notes
- Zero Coupon Notes
- Permanent Global Notes
- Temporary Global Notes
- Bearer Notes
- Certificate of Deposit Rate Notes
- Registered Notes (See "Registrar" Above)
- Fixed Rate Notes
- Floating Rate Notes (16% to 25% per annum)
- LIBOR Rate Notes
- Commercial Paper Rate Notes
- Federal Funds Rate Notes
- Prime rate Notes

TIMR – IMR Bank Note Distributors:

INTERFINANCE BANK LTD. ( Dominion Of Melchizedek )

SWISS PRIVATE BANK LTD. ( Dominion Of Melchizedek )

ROYAL HANOVER TRUST BANK GMBH ( Dominion Of Melchizedek )

BANK OF SALEM ( Dominion Of Melchizedek )

Dominion Of Melchizedek – Private Bank (s):

BANKASIA AG ( Germany )

====

-------- Original Message --------

From: "Van" [ VAN ARTHUR BRINK ]  b4impalaiam@hushmail.com
Sent: Sat, 23 Mar 2002 00:06:44 -0800
To: "David" [ MARK LOGAN PEDLEY ]  melchizedek@hushmail.com
Subject: Thanks, David

Thanks, David. I did receive the 3 pages faxed. Will write more, later. Am at public computer and have to run.

-------- Original Message --------

====

-------- Original Message --------

From: "David" [ Mark Logan Pedley ]  melchizedek@hushmail.com
Sent: Mon, 3 Jun 2002 12:51:07 -0700
To: "Van" [ Van Arthur Brink ]  b4impalaiam@hushmail.com
Subject: Follow-up Follow-up Questions


MY REPLIES IN ALL CAPS BELOW


-----Quoted Message-----

From: "Van" [ VAN ARTHUR BRINK ]  b4impalaiam@hushmail.com
Sent: Mon, 3 Jun 2002 11:14:28 -0700
To: "David" [ MARK LOGAN PEDLEY ]  melchizedek@hushmail.com
Subject: Follow-up Questions

Hi David

Trying to think through an outline of how to proceed on PROVIDENCE to ADTM [ ADATOM.COM INC. ] brings up some additional questions:

1. You noted that IMR is majority shareholder of ADTM and that there is something like 28,000 other shares outstanding that are controlled by other investors over whom IMR has no influence or control.

In looking up ADTM at  http://www.nasdaq.com seems like I remember that the note is that there are 85,000,000 +/- million total shares and that the last trade was at $0.02 per share. If ADTM is an empty shell having no present assets and no business in operation other than simple maintenance of the shell (and I am assuming this is true), assuming that we stuff PROVIDENCE (having a certified audit) into ADTM, that would put the book value of ADTM shares at $11.76.


THE WAY TO SOLVE THIS PROBLEM IS TO HAVE THE EXISTING SHAREHOLDERS OF WHATEVER COMAPNY WE ARE GOING TO TRANSFER INTO ADTM SELL ALL BUT 85,000 OF THEIR SHARES BACK TO THE COMPANY THAT WANT TO TAKE PUBLIC IN EXCHANGE FOR A NOTE CONVERTIBLE INTO STOCK. THEN AFTER THE SPIN OFF CONVERTS THE NOTES BACK INTO STOCK. THIS PRESERVES THE ASSET VALUE AND AUDIT VALUE BECUASE THE NOTE WILL BE EQUAL TO THE BOOK VALUE OF THE STOCK. OF THE 85,000,000 MILLION OUTSTANDING, SOMETHING LIKE 28,000,000 MILLION OF THAT BELONGS TO THE PUBLIC. SO, WHAT WE DO IS WHEN WE SPIN OFF WE ONLY PAY 1 SHARE TO THE ADTM SHAREHOLDERS FOR EVERY SHARE THEY CURRENTLY HAVE, WHICH WILL GIVE THE SHAREHOLDERS - INCLUDING IMR - 85,000 SHARES, SO THAT IMR HAS MORE THAN THAT. YOU CAN GIVE MORE SHARES TO IMR ON THE SIDE.


Not much of a question, yet, I know. Here we go:

a. How many of the 85,000,000 +/- million shares would you see going to PROVIDENCE’S present ownership?


ZERO, AS EXPLAINED ABOVE.


b. You noted that your partners were not interested in giving up control of the company (perhaps that comment was related to IBA LTD. ( Belize ) specifically and not to ADTM – can you clarify?). Accepting this as reasonable, would your side not need to add over $1-Billion in auditable assets or other agreed-valuable consideration to the ADTM picture?


THE REASON WE DON'T WANT TO GIVE UP CONTROL OF ADTM IS, THAT IT IS OUR SOURCE OF SPIN OFFS.


c. The reason I’m asking is that you wrote some months ago that public shells could be obtained for $150,000 to $250,000 in cash. Would not allowing 2:1, 3:1, 4:1 or 5:1 in shares for that be reasonable or more than reasonable? If not, what would?


THIS IS ONLY THE CASH PORTION, BUT USUALLY THE OWNER WANTS TO RETAIN 20% FOR HIMSELF AND THE PUBLIC, AND ONLY ISSUE AN ADDITIONAL 80%. I KNOW OF A CASE RECENTLY WHERE A BILLION DOLLAR COMPANY - A REAL COMPANY IN HONG KONG - PAID $750,000 CASH AND GAVE UP AROUND 10% OF THEIR COMPANY FOR A PINK SHEET LISTING. THE SAME PEOPLE, ARE TRYING TO BUY ADATOM.COM INC. FROM US. ADTM IS LIKE A GOOSE LAYING GOLDEN EGGS.


2. You noted that existing shareholders in ADTM paid cash when the stock was trading at $5 per share. I’m assuming that this refers to the holders of the 28,000 shares, not to IMR now holding the remaining of the 85,000,000 +/- million shares.


THAT ONLY APPLIED TO ABOUT 20,000,000 MILLION OF THE 85,000,000 MILLION.


Did ADTM ever have any tangible assets? If so, what happened to them? The web-posted info referred to something about medical services or supplies, as I recall.


BECAUSE OF THE .COM BOOM AND BUST, THEY BUSTED AND LOST ALL THEIR ASSETS AND BUSINESS.


3. You wrote about spinning off: ((( We could place 100% of the IBC that holds 50% of PROVIDENCE into ADTM spin that 100% off and then the public company could by the other 50% from the other shareholder of PROVIDENCE.)))


SHOULD HAVE WRITTEN: ((( We could place 100% of the IBC that holds 50% of PROVIDENCE into ADTM spin that 100% off and then the ‘new’ IBC public company could ‘buy’ the other 50% from the other shareholder of PROVIDENCE.)))


The two (2) listed with Montenegro owners of PROVIDENCE are Zig and Nichol. We could get IBCs for each owner, and then do change of ownership with Montenegro as you really need to do now with SEEDTIME AND HARVEST BANK A.D.


YES, YOU ARE CORRECT. WE NEED TO DO THIS WITH SEEDTIME AND HARVEST BANK A.D., BUT I THOUGHT YOU ALREADY HAD PROVIDENCE SAVINGS BANK A.D. WITH PROVIDENCE S.A. AND COVENANT S.A. DOMINICAN REPUBLIC IBC JV PARTNERS, OR WHICH BANK DO YOU HAVE ALREADY IN IBCS?


On placing 50% ownership with ADTM and then “spinning it off,” what does that mean? Spinning it off as a wholly owned subsidiary? Spinning it off as its own public company with no remaining relevance to ADTM? What? My ignorance is showing again!


YES, AFTER SPINNING OFF, THAT MEANS DISTRIBUTING THE SHARES OF ONE COMPANY - THE SUB-COMPANY - TO THE SHAREHOLDERS OF THE OTHER PARENT, ADTM.


My curiosity centers around where is the balance sheet value to ADTM for spinning something off?


THE ONLY VALUE IS TO GIVE ‘DIVIDENDS’ TO ITS SHAREHOLDERS.


4. Previously I asked, “Does a private company have to be wholly owned before its shares, if held by a company that does seek to go public may do so?”


I'M NOT SURE I UNDERSTAND THE GRAMMAR OF THIS QUESTION. PERHAPS YOU COULD ASK IT DIFFERENTLY.


To this you replied, “No, but to become public through a spin off it does.”


YOU CAN SPIN PART OF A COMPANY OFF, BUT THAT MAKES IT MORE COMPLICATED WITH MORE RED TAPE.


My new question, then, is in 3 parts:

a. How easy is this to do, if the company wholly owns its assets and the shareholders unanimously agree to being absorbed by an existing publicly traded company?”


IT IS VERY EASY IF THE SHAREHOLDERS, OF THE COMPANY TO BE SPUN OFF, ARE 100% COOPERATIVE.


b. What is to prevent a publicly traded company from simply spinning off any IBC it acquires and stuffs with anything? Nothing? That’s GREAT! Uganda companies or Dominican Republic companies or any other jurisdiction’s companies could instantly go public in this scenario; am I right?


YES. GO TO HTTP://WWW.BLOOMBERG.COM AND PUNCH IN OUR TRADING SYMBOLS "AQRR" AND "IBBFF" AND YOU WILL SEE ‘2’ THAT WERE ALREADY SPUN OFF WITHOUT COMPLICATIONS FROM ADATOM.COM INC. ( ADTM ). THE REASON IT WORKS IS BECAUSE, ADTM IS LISTED ON NASDAQ.


c. What cash costs are there in spinning off any company? This opens a whole world of possibilities. Can American corporations also be spun off so readily? Another world. I’d have some candidates in several worlds.


OUR "AQRR" IS REGISTERED IN 'OREGON', AND "IBBFF" IN 'BELIZE'. I'M NOW CHARGING BETWEEN $50,000 AND $150,000 AND ASKING 80% OF COMPANIES TO SPIN THEM OFF. I HAVE MANY INTERESTED, AND NEGOTIATIONS ONGOING FOR A 2-FOR-1 AND 5-FOR-1 DEAL WITH LESS THAN 80% STOCK. ONE DEAL IS FOR $20,000,000,000 BILLION DOLLARS WORTH OF PRODUCING OIL WELLS, BUT THEY DON'T WANT TO GIVE ANY CASH. I WANTED TO HAVE AQRR BECOME PART OWNER IN ANTARTICA – “AQ..” IS THE COUNTRY CODE FOR ANTARCTICA - BUT NEEDED CASH SO, I TOOK THE OFFER TO SELL THAT OIL DEAL FOR $150,000 AND THE FIRST $15,000 COMES THIS WEEK. IT COULD BE TOUGH IF WE DO TOO MANY, AS THE NATIONAL ASSOCIATION FOR SECURITIES DEALERS ( NASD ) MIGHT NOT WISH TO SEE ANY MORE STOCK SYMBOLS ISSUED OR MIGHT BALK WITH CUSIP.


5. I previously questioned, and you replied, as follows:

((( If so, if THE FRANCIS GROUP INC. - for instance - merged as a wholly owned subsidiary of IBA LTD. ( Belize ), which is already on BISE [ BELIZE INTERNATIONAL STOCK EXCHANGE ] and Pink Sheets, FRANCIS could list separately on both BISE and Pink Sheets?))) I'M GUESSING THIS IS TRUE. WHAT I'M NOT SURE OF, HOWEVER, IS THE ADVANTAGE IN THE SCENARIO OF WANTING TO HYPOTHECATE STOCKS. (((Would shares in FRANCIS the listed company be awarded to the former FRANCIS owners in addition to the IBA LTD. ( Belize ) stocks they received in exchange for FRANCIS ?)))


LET'S NOT USE IBA LTD. AS AN EXAMPLE, SINCE THE SPIN OFF WILL COME FROM ADTM, BUT AFTER THE SPIN OFF WE CAN ALSO GET SHARES LISTED ON BISE IF YOU LIKE THAT IDEA.


((( This is a good question, but I think it would be best to pass FRANCIS ownership through the IMR before ending up in ADTM from whence it will be spun off, since IMR would lose control of ADTM if it issued shares directly to the shareholders of FRANCIS. )))

This gets us back to the notion that IMR is not willing to lose control of a company, even an empty shell company and even for fair and more than fair consideration by way of shares allowed for IMR’s previous acquisition of the shell company.


THE REASON THAT WE DON'T WANT TO GIVE UP CONTROL OF ADTM IS THAT IT IS OUR GOOSE THAT IS STARTING TO LAY GOLDEN EGGS.


Who the Chairman/CEO, etc. really doesn’t matter to me much. Been there, done that more than enough times to be quite willing for others to have all the prestige and glory.


SINCE YOUR COMPANY IS BEING SPUN OFF, IT MAINTAINS IT’S CURRENT MANAGEMENT AND WE DON'T GET INVOVLED IN RUNNING THE COMPANY THAT IS BEING SPUN OFF AT ANY STEP IN THE PROCESS EXCEPT TO COMMUNCIATE WITH CUSIP, NASD, AND DISTRIBUTION TO ADTM SHAREHOLDERS.


What concerns me is not the titleship or even directorship of control, if there are some irrevocable agreements in place that control the formula by which equitable ownership is constituted and ever diluted thereafter or that govern the prices for which shares may be sold (to prevent the SLIG scenario). You wrote that IMR would have no problem with such an agreement on share price sales. That’s half of it, I guess. The other half would be on what basis in real underlying value new companies would be acquired and/or spun off (so as to preserve the auditable book value of shares.


THE CONVERTIBLE NOTES SHOULD SOLVE THIS QUESTION.


And the question is...

a. How do you see the acquisition by IMR/ADTM of PROVIDENCE BANK A.D. proceeding?


UNTIL IT IS OWNED BY IBC I DON'T SEE IT GOING ANYWHERE, BUT WHEN THAT OCCURS WE CAN PROCEED, AS YOU WANT. ONLY THAT WE HAVE TO WORK OUT THE NUMBER OF SHARES YOU ARE WILLING TO GIVE TO IMR AFTER THE SPIN OFF. EVEN THOUGH THERE ARE AUDITED STATEMENTS FOR A BILLION OR MORE, I DON'T SEE IT AS REALLY HAVING SUCH A VALUE UNTIL THE MINES ARE PRODUCING NET GOLD ON A SUBSTANTIAL SCALE, SO IF YOU GIVE UP 5% OR 10% TO IMR IT SHOULDN'T REALLY BE A BURDEN. I'M WILLING TO VENTURE THAT THE ACTUAL COST TO THE SHAREHOLDERS IS MORE ALONG THE LINES OF LESS THAN 1% OF WHAT IS STATED IN THE FINACIAL STATEMENTS. TO GIVE A MARKET VALUE OVER-THE-COUNTER TO THAT, IT HAS TO BE WORTH 5% OR MORE.


b. How many shares in ADTM would be received by the sellers of PROVIDENCE?


IT WOULDN'T BE NECESSARY TO RECEIVE ANY BUT COULD ISSUE A NOMINAL AMOUNT.


c. How does that relate to the total number of outstanding shares in ADTM or to the creation and issuance of new shares in ADTM?


AS OUTLINED ABOVE AND WITH USING THE CONVERTIBLE NOTE WE COULD MAKE IT COME OUT ANY WAY YOU WANT - SUBJECT TO THE 85,000 MENTIONED ABOVE - PLUS SOMETHING ON TOP OF THAT FOR IMR, THAT IMR WOULD AGREE TO HOLD. IMR COULD ISSUE ITS OWN 'COMMON STOCK' FOR THE SHARES - OVER AND ABOVE THE 85,000 - TO THE SHAREHOLDERS OF THE COMPANY THAT WANTS TO GO PUBLIC SO THAT THERE IS NO LOSS OF PRINCIPAL.


d. What safeguards could be built-in to protect the trading value of shares received by the sellers of PROVIDENCE?


SAME AS MENTIONED BEFORE, THAT IMR - THE ONLY OTHER LARGE SHAREHOLDER - WOULD AGREE NOT TO SELL OR HYPOTHOCATE UNLESS IN CONCERT WITH OTHER LARGE SHAREHOLDERS.


e. What assurances would the sellers of PROVIDENCE have in the true substance value of future ADTM acquisitions and spin offs as relates to ADTM share book values?


NOT APPLICABLE


f. What do I not understand now, that could turn around to bite me later?


YOU SHOULD UNDERSTAND NOW, THAT A SPIN OFF IS CLEAN AND GIVES YOU COMPLETE CONTROL OF YOUR OWN PUBLIC COMPANY.


6. Some Florida owner of SLIG [ SLATECO INTERNATIONAL GROUP INC. ] stock, managed to get a loan against some shares. It was only an $800,000 loan, but it was a loan.

a. Would you mind sharing the details on how much stock was pledged LTV [ Loan To Value ], the interest rate and points charged, and what source made that loan? The expression “once bit, twice shy” comes to mind. But by structuring a non-depletion account, the lender would always be assured that the principal amount was in tact and the claim to the lender’s interest was first priority on income produced through operation of that NDA.


BORROWER JOE HURST WAS SUPPOSED TO BORROW $15,000,000 MILLION AGAINST $7,000,000 MILLION BUT THE LENDER ONLY LOANED $800,000 SO JOE IS SUING FOR SPECIFIC PERFORMANCE.


b. Was it an institutional lender or a private party source lender? It is difficult for me to imagine a private party source being so suicidal in liquidating stocks.


HE'S A MAD MAN IN OHIO NAMED TONY OBRIEN, WHO RUNS CAPITAL MARKETS LLC.


c. Is that source capable of making a loan for a minimum of $10,000,000 million? $7,500,000 million is the minimum in this 25-30% per month buy/sell program. It could be that finding several lenders of the type that made the loan.


I DOUBT ONE COULD GET SUCH A LOAN FROM HIM, OR WOULD YOU WANT TO?


7. This is not a question, just some parting comments and news update:

I have it agreed in principle by one source that OTC/Pink Sheet stocks may be hypothecated. I am trying to obtain additional clarity on the underwriting criteria for such hypothecation.

Another source declined, stating that they would only hypothecate stock if the company is traded on a major exchange (like NYSE or NASDAQ) and has a 2-year history of not trading below $10 a share. If you know of such a company that would entertain taking on PROVIDENCE in such a stock swap arrangement, it would be easy to make it right for you. The offered LTV at hypothecation (if the company stock offered as collateral meets that criteria) is 60%. I have a source that does not get into IMF [ INTERNATIONAL MONETARY FUND ] regulated programs but does a similar buy/sell that produces 25-30% per month on capital net to client (and funds would be held in a non-depletion account at a major bank so that you know no one is going to run away with the cash).

There are plenty of “programs” out there that offer more sizzling rates of return, but the more modest, steady/freddy yield pattern does quite appeal to me. “Under the radar” suits me just fine. If we received even $500,000,000 million in the right stock by exchange for PROVIDENCE, that would be $300,000,000 million in loan funds that would produce a minimum of $75,000,000 million a month.


IT WILL BE HARD TO FIND A LISTED COMPANY THAT WOULD TAKE SUCH AN ASSET.


I mention this because, obviously, the underwriting criteria are essential to know in advance. I’m hoping that if we got $850,000,000 million in ADTM stock (for $1-Billion in PROVIDENCE) we could get at least 10% LTV in hypothecation, which would produce $21,000,000 + million a month in returns. I’m trying to confirm all of that now, laying all cards on the table (as I have done with you).

I’m inclined to go with the exchange of PROVIDENCE, even if I don’t receive prompt confirmation of acceptance potential by a hypothecator. There are enough other assets “in the fold” now, which I can test several different approaches to find the best way to go overall.

Look forward to hearing from you again.

Van


IT IS MY PLEASURE TO WORK WITH YOU!

DAVID

-------- Original Message --------

====

-------- Original Message --------

From: "Van" [ Van Arthur Brink ]  b4impalaiam@hushmail.com
Sent: Tue, 4 Jun 2002 02:43:21 -0700
To: "David" [ Mark Logan Pedley ]  melchizedek@hushmail.com
Subject: Re: Follow-up Follow-up Questions

David, prompt answers. Kinda like them as relates to controlling our own listed Pink Sheets company/ies.

Our problem at the moment is how to come up with fresh IBCs or pay fees current on existing ones so that we can then pay fees to Montenegro to change the ownership from Zig [ JAMES GREGORY ZIEGLER ] and Nichol [ NICHOL C. OTTLEY ] to IBCs (or RDs [ REPUBLICA DE DOMINICA (DOMINICAN REPUBLIC) ] or Uganda companies or whatever). Ideas on that?


-------- Original Message --------

====

Background on MARK LOGAN PEDLEY (aka) MARK WELLINGTON:


- Son of David Evan Pedley (aka) David Wellington & Virginia [nee: (?)] Pedley;

- Brother of Jayne Pedley, Jennifer Lynn Pedley, Suzanne Pedley, Merri Pedley, and April Pedley; and,

- Father of David James Pedley.

- - - -

NAME: Mark Logan Pedley
AKA: Mark Wellington
AKA: Branch Vinedresser
AKA: Tzemach 'Ben' David Netzer Korem
AKA: Ben David Netzer Korem
AKA: David Pedley II
SEX: Male
DOB: 19JUL53 [Age: 53, in 2006]
POB: Los Angeles, California [Griffith Park Maternity Home]
DOD: N/A
OCCUPATION: Cattleman (Altadena, California), and Businessman

OTHER: 1975 cattle business (Altadena, California), married Janith Marie Wardy in 1976, entered a 1977 real estate business - involving land in northern California and central California (Placerville, California) - partnership named PACIFIC PARK PROPERTIES with his father (David Evan Pedley -aka- David Wellington), Michael Cano, and Jerone (last name unknown), fled a U.S. federal investigation (1978-1982) and indictment in the Summer of 1982 to Mexico, arrested by Mexico federal authorities (as an illegal U.S. alien) in January 1983, deported to the U.S. (Sacramento, California) to stand his federal trial, was 'tried and convicted' for the (1978-1982) case his father and he fled from in 1982 involving co-defendants Jerome (last name unknown) and Michael Cano (defendant 'not convicted') in a San Francisco, California federal criminal court case prosecuted by Leslie ("Pete") Hoffman III (Washington, D.C.) in 1983, was 'released from prison after conviction' (pending appeal) after previously eluding (1982) U.S. authorities by going to Mexico, received a 3-year federal prison sentence, escaped from a minimum security (Level-1, no fence or guard towers) federal prison camp (Boron, California) in 1985, was released in 1986 from a minimum security (Level-1, chain-link fence, no guard towers) federal prison camp (Safford, Arizona) to live in San Francisco, California, was indicted in 1986 in a Boston, Massachusetts federal case involving a currency exchange fraud (Mexico pesos into $8,800,000.00 U.S. dollars) with a Class-A bank his father (David Evan Pedley -aka- David Wellington) founded in Saipan (now a U.S. protectorate named Republic of Palau) holding assets of $10,000,000-million (USD) in State of Texas AAA bonds that saw co-defendants Suzanne (last name unknown) and Brian (last name unknown) 'not convicted' and was sentenced to federal prison (FCI Otisville, New York), founded The Dominion Of Melchizedek in 1988 based on the Sovereign Order of Melchizedek, got married for the second (2nd) time to Cynthia [nee: ?] Pedley, was arrested, prosecuted, convicted and sentenced to prison by a State of Washington criminal court and released from Walla Walla, Washington prison in 1990, was arrested by federal authorities in 1991 for a federal U.S. Parole violation (his 'alias name having been used' from arrest through conviction and imprisonment) and was convicted and sentenced by the Los Angeles federal court to serve another 8-months in federal prison through 1992, his federal U.S. Parole ended in July 1994, underwent two (2) cancer surgeries, in Spring 1994 he impregnated a woman named Elvira Grace ("Maria") Gamboa who gave birth to their son on October 7, 1995.

News reports and articles surrounding individuals affiliated with The Dominion Of Melchizedek, were:

"Father of His Country"
"My Country Tis of Me"
"King of the Seven Seas"
"First Nation On The Internet" (NBC News, Tom Brokaw reporting)
"A Nation In Cyberspace Draws Fire From Authorities" (Wall Street Journal; 09FEB99)
"The Ruse that Roared"

The latter article claimed by The Dominion Of Melchizedek (DOM) surrounded a media blitz seen in The Washington Post that successfully stopped France from nuclear testing in the South Pacific Ocean. DOM claimed geographical territorial ownership over the furthest northern island in the Marshall Islands chain as its soverign national real estate.

- - - -

U.S. BUREAU OF PRISONS - Inmate Locator

Name: MARK WELLINGTON
Age: 52 [as of: 08APR06]
Sex: Male
Race: White
Fed. Reg. No.: 76523-012 [Central District of California]
Released: 07-06-1992 [actual release date]

====

BUY/SELL AGREEMENT

For the Purchase and Sale of:


PROVIDENCE SAVINGS BANK A.D.


PURCHASER:

INTERNATIONAL MONETARY RESERVE

hereinafter referred to as Purchaser or as Party of the first part


SELLERS:

MR. JAMES G. (“ZIG”) ZIEGLER (“ZIEGLER”), an individual person, in care of:
Dr. Epifanio Vasquez - Attorney at Law
GRUPO DOMINICO EUROLEGAL S.A.
Pedro Clisante 9
El Batey
Sosua
DOMINICAN REPUBLIC

The first Joint Owner of two Joint Owners of PROVIDENCE SAVINGS BANK A.D. and of the Party of the second part

And,

MS. NICHOL C. OTTLEY (“OTTLEY”), an individual person, in care of:
Dr. Epifanio Vasquez - Attorney at Law
GRUPO DOMINICO EUROLEGAL S.A.
Pedro Clisante 9
El Batey
Sosua
DOMINICAN REPUBLIC

The first Joint Owner of two Joint Owners of PROVIDENCE SAVINGS BANK A.D. and of the Party of the second part


PROPERTY:

PROVIDENCE SAVINGS BANK A.D. (“PROVIDENCE”), a Republic of Montenegro offshore bank ( License No. 900 ), with Registered Agent and Registered Office at:


Sasa Vujacic, Dj. - Advocate
Trg. Ivana Mibutanovica 19/1
81000 Podgorica
REPUBLIC OF MONTENEGRO

By its Director:

Ms. Nichol C. Ottley

The “Subject Property” of this BUY/SELL AGREEMENT, hereinafter referred to as “Agreement”.


WHEREAS Purchaser is able to purchase the Subject Property via exchanging shares in third-party companies for the purchase of Sellers’ property; and

WHEREAS Sellers are the sole Joint Owners of a currently licensed and in good standing Republic of Montenegro offshore bank, the “Subject Property” herein, and are willing to sell it to Purchaser in exchange for the company stocks offered by Purchaser, subject to the following terms and conditions;

NOW THEREFORE IT IS STIPULATED AS FOLLOWS:

A. PURCHASE PRICE. The purchase price shall be paid in shares of agreed third-party companies and not in cash. Purchase price shall be eighty-five percent of the audited net worth of the property, as established by an independent and duly licensed Certified Public Accountant, as provided by Seller, the report being dated in April 2002. For purposes of calculating the “Earnest Money” to be released to Sellers, said purchase price is rounded to Eight Hundred Fifty Million ($850,000,000.00 USD) United States Dollars in agreed stocks, although the final purchase price in shares delivered by Purchaser to Seller shall be adjusted according to the aforementioned audit report and this eighty-five (85%) percent formula for determining purchase price.

B. “EARNEST MONEY”. “Earnest Money” shall be the release by Purchaser to Seller of shares in SLATECO INTERNATIONAL GROUP INCORPORATED, hereinafter “SLATECO,” an Over-The-Counter Bulletin Board stock that is may be referenced at  http://www.nasdaq.com and valued at Eighty-Five Million ($85,000,000.00 USD) United States Dollars. The Earnest Money released to Sellers will be credited to the final purchase price, as defined in “A”, above.

C. ESCROW AND DELIVERY OF PROPERTY-RELATED ITEMS TO PURCHASER.

The procedure shall be:

1. Sellers shall deposit into Escrow all legal documents appertaining to the Subject Property, together with supporting certified audit reports related to the Property.

2. Purchaser shall deposit into Escrow the Earnest Money amount in SLATECO stock.

3. Copies of the legal documents establishing the Property shall be made by Escrow and sent via commercial express courier service to Purchaser, together with an original certified audit report on the Property and copies of other audit reports appertaining to the values established in the Property’s audit report.

4. The SLATECO Earnest Money shares shall be sent by Escrow to the Sellers via commercial express courier service.

5. Purchaser shall then have sixty (60) days to deliver the balance of the purchase price in shares of a “Pink Sheets” company by name of GLOBAL RESERVE CORPORATION that utilizes a trading symbol of GLBR. These GLBR shares shall be delivered by Purchaser to Escrow so that the transaction may be concluded with the Property delivered to Purchaser and the balance of the agreed purchase price in shares delivered to Sellers. Should Purchaser not deliver the entire remaining agreed purchase price to Escrow within the agreed sixty-day period, Sellers retain the Earnest Money shares as liquidated damages and the transaction is then considered to be terminated by mutual agreement.

6. The third party Escrow attorney shall be the above-mentioned Montenegro attorney that acts as Registered Agent in the Republic of Montenegro for the Subject Property and is the attorney that will file all the necessary change of ownership transfers from the Sellers in favor of the Purchaser, once Purchaser has delivered the entire purchase price to Escrow.

D. REPRESENTATIONS OF THE SELLERS. Sellers represent and warrant as follows:

1. The Subject Property is currently licensed and in good standing with the Republic of Montenegro, all fees paid current.

2. The certified audit will reveal a net asset worth of the Subject Property estimated at One Billion ($1,000,000,000.00 USD) United States Dollars.

3. No business, apart from the obtaining of assets and a management contract related thereto, the repurchase of the Property from a previous ownership and the private-party financing of the audit expenses, has ever been done in the name of the Subject Property.

4. The Sellers have all right, title and interest to the Subject Property.

5. On the basis of communications from associates and/or representatives of the Purchaser, Sellers are reserving the Subject Property for the Purchaser and are not negotiating with any other prospective purchasers.

E. REPRESENTATIONS OF THE PURCHASER. Purchaser represents and warrants as follows:

1. The stock paid by the Purchaser to the Seller, both as “Earnest Money” and as full, entire and complete consideration for the Subject Property is not subject to any prior claims, liens or encumbrances of any nature whatsoever and is transferred to Sellers in that condition and may be freely utilized by Sellers in any lawful way.

2. Purchaser shall abide by the Agreements executed by the Sellers by which the assets of the Subject Property were received and such other agreements as may now exist and disclosed herein by Sellers.

3. Purchaser shall comply with all laws, rules and regulations of the Republic of Montenegro with respect to fully transferring ownership of the Subject Property to the Purchaser or to holding companies of the Purchaser and shall make necessary applications with the Republic of Montenegro for the transfer in ownership of the Subject Property upon delivery of the balance of the purchase price to Escrow.

4. Purchaser represents that its net worth is sufficient to make this purchase from the Sellers.

F. DISCLOSURES.

1. Sellers disclose to Purchaser as follows:

a. The assets of the Subject Property, apart from its offshore banking license issued by the Republic of Montenegro, are shares in a corporation which owns a platinum metals group minerals claim in the United States, said claim having been the subject of extensive studies and geological reports, samplings and assays and certified value analysis by competent third party professionals not related to the Subject Property nor to the corporation that issued the shares now owned by the Subject Property or to the solely owned holding company of that corporation that owns the minerals claim.

b. The Subject Property is bound by a Joint Venture Agreement with respect to utilizing the asset value to produce income for sharing with the Joint Venture partner on an equal (50/50) basis. The Subject Property is bound to the terms of a management agreement on the utilization of the values of the asset and payments to the management company and to the Joint Venture partner. Said management agreement establishes a “Financial Controller” for the Subject Property having authority to produce income for the Subject Property based on the asset value. The “Financial Controller” earns as its fee ten (10%) of the gross income to the Subject Property, after the Joint Venture partner has received its fifty-percent share of income. There are no restrictions in said Joint Venture Agreement that would prohibit the Purchaser from appointing management of the Subject Property and also producing income from utilization of the asset value, so long as the other terms of the Joint Venture Agreement and of the Management Agreement are honored at all times, copies of both agreements are attached and by this reference are made a part of this Agreement.

c. There is an agreement outstanding obligating the Property for One Million ($1,000,000.00 USD) United States Dollars to be paid out of the future income of the Subject Property, a copy of which is attached.

d. There is a promissory note outstanding obligating the Property for One Hundred Fifty Thousand ($150,000.00 USD) United States Dollars to be paid out of the future income of the Subject Property, a copy of which is attached.

e. Sellers intend to utilize the bulk of shares received from the Purchaser for hypothecation, the minimum term for which would be one year. Sellers reserve the right to also exchange the shares received for other valuable consideration or to sell them privately or to retain them, as Sellers independently determine.

2. Purchaser discloses to Sellers as follows:

a. Purchaser may choose to forward sell the property simultaneously to this transaction.

b. The company stocks being offered as Earnest Money and as the balance of the Purchase Price are of companies that are “thinly traded” and not traded on any major American stock exchange. Further, said companies have not yet produced independently certified, audited financial statements showing profits and losses, assets and liabilities, or cash flows. The share values ascribed are based on the last recorded “trade” prices for the respective stocks.

G. TIME OF FINAL CLOSING. Sellers are prepared to immediately close on the sale of the Property. Purchasers are allowed up to sixty days following the release of Earnest Money to the Sellers to conclude this transaction.

H. PURCHASER’S RIGHT TO WITHDRAW FROM PURCHASE. Purchaser maintains the right to withdraw from the purchase of the Subject Property by not delivering to Escrow the balance of the bargained shares. In this event, however, Sellers shall retain as liquidated damages the “Earnest Money” shares provided by Purchaser in accordance with this Agreement.

I. SELLERS’ RIGHT TO WITHDRAW FROM SALE. In accepting Purchaser’s “Earnest Money” release of shares, Sellers’ agree to have no right of withdrawal from this Purchase/Sale transaction.

J. MISCELLANEOUS ITEMS.

1. The Spirit and Intent of this Agreement is the mutual demonstration of good faith in contemplation of a transfer by Sellers of all right, title and interest in the Subject Property to Purchasers or Purchaser’s assignee(s) in a timely manner.

2. Privacy. The parties are to maintain the privacy of this Agreement at all times, making only those disclosures as are by law or contract required, unless by mutual written consent.

3. Executed Separately. This Agreement will be executed separately and in the order of signatories hereto. It is to be initialed by each party on each page and signed/sealed, witness/notarized by each party where indicated. Each party will receive an original that is signed by all parties, the last party receiving five copies being responsible for delivering completed originals to the other four parties. In the interim each party is to keep a photocopy of this Agreement for reference purposes. Once executed by all parties, a copy of this Agreement is as good and as binding as an original.

4. Opportunity for Counsel. By executing this Agreement the parties herein understand, agree and acknowledge that they have had adequate opportunity for appropriate counsel and that they are entering into this Agreement of their own free will and choice and upon lawful and legal authority to execute this Agreement.

5. Entire Agreement. This Agreement constitutes the entire Agreement and no prior agreements or understandings, whether oral or written, exist or have any force or effect other than as is expressed in this Agreement.

7. Grievance Resolution. In the event the Parties have a dispute or grievance they cannot of themselves resolve, the matter is to be decided by Binding Arbitration.

8. Arbitration Procedure. The procedure shall be that upon ten (10) days written notice of one Party to the other, each Party shall appoint an Advocate. The duly appointed Advocates shall meet, whether by telephone, other electronic means or in person within that initial ten (10) day period and shall agree upon a neutral third party to serve as an Arbitrator between or among the Advocates and/or the Parties. If the Advocates cannot agree on a single Arbitrator, each Advocate may appoint one Arbitrator and the Arbitrators shall have an additional five (5) working days to agree upon an additional Arbitrator, who shall serve as Chairman of the Panel of Arbitration and shall set a time within the following ten (10) working days to convene the Panel of Arbitration and to hear and determine the facts and to make a ruling pursuant thereto.

9. Arbitration Decision Final. The decision of the Arbitrator or of the Panel of Arbitration shall be binding upon the parties and may be entered as judgment in the records of any court in any jurisdiction and any sum ordered by the arbitration enforced according to the laws of that jurisdiction. Payment of the fees and expenses of an Advocate shall be the responsibility of the Party that appointed the Advocate. Payment of the costs and expenses of the Arbitrator or of the Panel of Arbitration shall be as determined in the Arbitration.

10. Site of Agreement and Governance. The site of this Agreement is agreed to be the Republic of Montenegro and the Agreement shall be governed according to the Common Law of Contracts as interpreted and decided in Arbitration in the United Kingdom or in any other jurisdiction as may then be mutually agreeable to the parties.

IN WITNESS whereof the Party of the first part has entered into this Agreement on this ________ day of __________ 2002.


INTERNATIONAL MONETARY RESERVE ] ………………………………………
“PURCHASER” ] [NAME]
] Chairman of the Board
]
]
Was hereunto affixed in the presence of ]
] ………………………………………
] WITNESS OR NOTARY PUBLIC

IN WITNESS whereof the Parties of the second part has entered into this Agreement on this ______ day of ____________ 2002.


JAMES G. “ZIG” ZIEGLER (“ZIEGLER”) ] ………………………………………
“SELLER” ] JAMES G. “ZIG” ZIEGLER
]
]
Was hereunto affixed in the presence of ]
]
] ………………………………………
] WITNESS OR NOTARY PUBLIC


NICHOL OTTLEY ] ………………………………………
“SELLER” ] NICHOL OTTLEY
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Was hereunto affixed in the presence of ]
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] WITNESS OR NOTARY PUBLIC

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ZIG GIVENESS TRUST

THIS TRUST INDENTURE is made on the 2nd day of April 2002 between JAMES GREGORY (ZIG) ZIEGLER of a citizen of The USA, living in Honduras, Central America (hereinafter called “the Settlor”) of the One Part and GRUPO DOMINICO EUROLEGAL S.A. (hereinafter called “ the Trustee”) of the Other Part.

WHEREAS the Settlor wishing to establish a Trust for the benefit of the Beneficiary has entered into this trust indenture to witness the creation of same, to establish its terms and to define the rights and obligations of the Trustee.

NOW THIS INDENTURE WITNESSETH as follows:

1. Interpretation

In this deed whenever the context permits the following words and expressions shall have the following meanings:

Beneficiaries means the persons specified or described in the Schedule hereto as amended from time to time by and subject to any exercise of the powers conferred upon the Trustee by clause 3 hereof.

Company means any body corporate (of whatsoever kind with limited liability or without limited liability incorporated registered on any official register or with any judicial authority or brought into existence).

Property means real personal movable or immovable property of any description and wheresoever situated including, but without limitation, shares, patents, trademarks, copyright, policies, cash and chooses in action.

Persons includes any individual or any body corporate (of whatsoever kind with limited liability or without limited liability incorporated, registered on any official register or with any judicial authority, or otherwise brought into existence) or any unincorporated body in any part of the world and masculine shall include the feminine and vice versa and the plural shall include the singular and vice versa where the context so requires or admits.

Protector means ROBERT J. LANGLEY of Modesto, California, USA or such person or persons who may be appointed to the office of Protector in accordance with the provisions of Clause 24 herein.

Subsidiary means any company where another company holds more than 50% of the voting equity of which or the composition of the Board of Directors of which is controlled by the other company.

Trust Fund means the sum of $100.00 together with all money or other property transferred to the Trustee for addition to the Trust Fund and the income of the Trust Fund which is accumulated and added to the capital in accordance with the provisions of this Trust indenture and any further or additional property which any person or persons may donate to or vest or cause to be vested in the Trustee to hold upon the Trusts and with and subject to the powers and provisions hereof.

Trust Period means the period this Trust is in existence. This Trust may, by memorandum attached hereto and made concurrent with the creation of this Trust, specify the duration and date of termination of this Trust, provided however, in the event no duration and date of termination are so specified, this Trust shall be perpetual.

Trustee means: (1) the original Trustee named herein (2) such other Trustee or Trustees appointed as herein provided for the time being in this Trust indenture.

2. Name and Proper Law

(i) This Trust indenture shall be known as the ZIG GIVENESS Trust indenture.

(ii) This Trust indenture is established under the laws of ANGUILLA and the proper law of this Trust indenture shall be the law of ANGUILLA.

(iii) The Trustee may at any time or times and from time to time during the Trust Period by deed declare that the proper law of this Trust indenture shall be the law of some other jurisdiction and thereafter the Trust indenture shall be read and take effect according to the laws of that other jurisdiction and the construction and effect of each and every provision hereof shall be subject to the exclusive jurisdiction of and construed only according to the laws of such other jurisdiction which shall become the forum for the administration of this Trust indenture.

(iv) Notices of all changes in the proper law of the Trust indenture pursuant to Sub-Clause (iii) shall be endorsed on or attached to these presents signed by the Trustee declaring same and every such notice shall be sufficient evidence to any person having dealings with this Trust indenture as to the facts to which it relates.

3. Appointment/Exclusion of Beneficiaries

(i) The Trustee may by deed or deeds revocable or irrevocable executed before the expiration of the Trust Period declare that the Beneficiaries shall cease to include any Beneficiary or class of Beneficiaries.

(ii) The Trustee may at any time or times before the expiration of the Trust Period by deed or deeds revocable or irrevocable appoint by way of addition to the Beneficiaries any person, persons or class of persons in being at the date of such Appointment.


4. Purposes and Additional Property

(i) The Trustee hereby declares that the Trustee will hold the Trust Fund upon the Trusts and with and subject to the powers and provisions hereinafter contained.

(ii) The Trustee shall have the right at any time during the continuance of the Trust hereby created to accept such additional property as may be donated to or vested in such Trust by any person or persons.

5. Application of Income and Capital

Subject as hereinafter provided the Trustee shall hold the Trust Fund and the income thereof upon the following Trusts and with and subject to the following powers and provisions:

(i) The Trustee shall stand possessed of the capital and income of the Trust Fund in Trust for all or such one or more exclusively of the others or other of the Beneficiaries in such shares and with such Trusts for their respective benefit (including discretionary Trusts and powers exercisable over capital or income) at the discretion of the Trustee or of any other person or persons designated by the Trustee as the Trustee shall by any deed or deeds revocable or irrevocable executed before the expiration of the Trust Period appoint provided however that:

(a) No appointment shall be made or revoked on or after the expiration of the Trust Period; and,

(b) Any such revocable appointment may be made or revoked by the Trustee for the time being notwithstanding that the persons who make the appointment and revoke the appointment may not be or include the same persons.

(ii) Subject as aforesaid and in default of and subject to any such appointment as aforesaid the Trustee may until the expiration of the Trust Period pay or apply the whole or such part as the Trustee shall think fit of the income of the Trust Fund as it arises to or for the account or benefit of all such one or more of the Beneficiaries for the time being in existence in such proportions or manner as the Trustee shall in the discretion of the Trustee from time to time think fit without the Trustee being under any further liability to see to the application thereof and so that any such payment shall be a good discharge to the Trustee.

(iii) Subject as aforesaid the Trustee shall until the expiration of the Trust Period deal with the income of the Trust Fund or so much thereof as shall not be paid or applied as aforesaid by accumulating the same as an accretion to the capital of the Trust Fund.

(iv) Subject as aforesaid the Trustee shall have and may exercise in its absolute discretion at any time or times and from time to time power to pay or apply the whole or any part or parts of the Trust Fund to or for the benefit of all or such one or more exclusively of the other or others of the Beneficiaries in such manner as the Trustee shall in its absolute discretion think fit.

(v) In default of and subject as aforesaid the Trustee shall be possessed of the capital and income of the Trust Fund in trust for all or any of the Beneficiaries as shall be in existence on the day before the expiration of the Trust Period.

6. Release of Powers

Notwithstanding any of the Trust powers and provisions herein contained the Trustee shall have power at any time or times before the expiration of the Trust Period by deed revocable or irrevocable to release any power right or discretion vested in the Trustee under the Trust hereof.

7. Trustee Powers of Administration

In addition to all powers vested in the Trustee by law, equity or statute the Trustee without the interposition of any Beneficiary under this Trust indenture shall have and may exercise from time to time the following powers (subject only to Clause 17 below):

(i) To retain any property belonging to or forming part of the Trust Fund in the actual state or condition in which the same shall be received by the Trust so long as the Trustee shall think proper without being answerable for any loss occasioned thereby.


(ii) To sell alienate or otherwise dispose of all or any property at any time forming part of the Trust Fund in such manner by public or private treaty and for such price in money or other consideration and on such terms and conditions as the Trustee may think proper and to receive the consideration price and grant discharges therefor.

(iii) To exercise all the voting powers attaching to any share, stock, debenture or other securities (hereinafter called “securities”) at any time forming part of the Trust Fund.

(iv) To exchange property for other property of a like or different nature and for such consideration and on such terms and conditions as the Trustee may consider advisable.

(v) To compromise and settle for such consideration and upon such terms and conditions as the Trustee may consider advisable all matters arising in relation to the Trust hereby created or the Trust Fund and all such compromises and settlements shall be binding on all the Beneficiaries.

(vi) To surrender and deliver up any securities forming part of the Trust Fund for such consideration and upon such terms and conditions as the trustee may approve to any company or corporation reducing its capital and the Trustee may receive such consideration in the form of cash securities or other assets as may be agreed between the Trustee and such other company or corporation.

(vii) To consent to any re-organization or reconstruction of any company or corporation the securities of which form part of the Trust Fund and to consent to any reduction of capital or other dealing with such securities as the Trustee may consider advantageous or desirable.

(viii) To invest or lay out any monies forming part of the Trust Fund for the purchase of or investment in such securities or other investments or property movable or immovable of whatsoever nature and situated anywhere in the world as the Trustee shall in its absolute discretion think fit and whether involving liability or not and whether in possession or reversion (including the purchase of any freehold or leasehold land with or without any house or other buildings thereon or plant or live or dead stocks or chattels for the beneficial occupation use or enjoyment of any Beneficiary or Beneficiaries and including any policy of assurance on the life of any person or any endowment or other policy and the payment of the premiums in respect therefore) and whether in the name of the Trustee or in the names of nominees or in any other manner giving the Trustee control of the same or by way of loan upon such personal credit with or without security as the Trustee at its absolute discretion shall think fit and in addition (but without prejudice to the generality of the powers hereby given) Trust monies may be laid out in paying for any improvement, addition, alteration, demolition, cleaning, repair, or decoration to or of any house or other building or chattel for the time being forming part of the Trust Fund to the extent that the Trustee shall have the same full and unrestricted powers of investing and varying investments and property in all respects as a beneficial owner (including all the powers of a beneficial owner as regards charging, leasing, management, and otherwise in respect of any freehold or leasehold property including surrendering or dealing with any policy of insurance forming part of the Trust Fund). The acquisition of works of art, precious metals, jewels, commodities or other chattels or any reversionary interest or any policy of insurance or securities or other investments not producing income shall be an authorized use of Trust monies.

(ix) To determine whether any sums received or disbursed are on account of capital or income or partly on account of one and partly on account of the other and in what proportions and the decision of the Trustee whether made in writing or implied from the act of the trustee shall be conclusive and binding on all the Beneficiaries.

(x) To employ and pay for such professional or other assistance as the Trustee may deem requisite in the discharge of the duties of the Trustee.

(xi) To determine all questions and matters of doubt which may arise in the course of the management administration realization liquidation partition or winding up of the Trust Fund.

(xii) To make loans at interest or without interest or on such terms as to payments of interest and with or without security to the Beneficiaries or any of them or to such other persons as the Trustee shall in its absolute discretion think fit and to alienate, pledge or hypothecate all or any part the Trust Fund as security for the repayment of any loans made to the Beneficiaries or any of them or to such other persons as the Trustee may in its sole and absolute discretion from time to time determine for the benefit of the Beneficiaries or any of them or such other persons or any entity or entities in which any such Beneficiaries may have an interest and in this connection to issue guarantees (with or without compensation) of indebtedness of the Beneficiaries any of them or of such other persons and to pledge all or part of the said Trust Fund to secure any such guarantee and the decision and acts of the Trustee shall be conclusive and binding on all Beneficiaries and any persons interested hereunder to the intent that the Trustee shall have the same full and unrestricted powers of investing and laying out monies and varying and transposing investments and property in all respects as a beneficial owner and so that the Trustee shall have power after the death of any of the Beneficiaries or such other persons in respect of whom it shall have entered into such a loan or guarantee to release the estate of such Beneficiary or such other persons from any obligation to the Trustee concerning such loan or guarantee if it shall in its discretion think fit and in connection with any such guarantee aforesaid the Trustee shall have power to enter into such indemnities as it shall think fit.

(xiii) To erect buildings on and effect improvements to any property forming part of the Trust Fund and also to conduct farming operations on and lease all or any part of such property.

(xiv) To institute and defend proceedings at law and to proceed to the final end and determination thereof or compromise the same as the Trustee shall consider advisable.

(xv) To incorporate one or more companies or corporations in any place in the world at the expense of the Trust Fund with limited or unlimited liability for the purpose of interalia acquiring the whole or any part of the Trust Fund and the consideration on the sale of the Trust Fund or any part thereof. Any company or corporation incorporated pursuant to this Sub-Clause may consist wholly or partly of fully paid shares or stocks or debentures (secured or unsecured) of the company or corporation and may be credited as fully paid and may be allotted to or otherwise vested in the Trustee and shall be capital monies in the hands of the Trustee.

(xiii) To engage in business as a general or limited partner, as a general or limited joint venture participant, or as a shareholder in one or more companies or corporations, anywhere in the world, at the expense of the Trust Fund for the purpose of interalia contributing the whole or any part of the Trust Fund and the consideration on the sale of the Trust Fund or any part thereof, with all the powers customarily exercised by a person so engaged in such business.

(xvi) To exercise or concur in exercising the voting and other rights attaching to any securities for the time being forming part to the Trust Fund so as to become a director or other officer or employee services of any company and to be entitled to vote for and to be paid and to retain for the use and benefit of the Trustee reasonable remuneration for such services.

(xvii) To borrow money on security of the Trust Fund at any time and from time to time and pay or apply the money so raised in any manner in which money forming part of the capital of the Trust Fund may be paid or applied.

(xviii) To deposit the securities, title deeds and other documents belonging or relating to this Trust for safe custody with any bank trust company or like institution in any part of the world.

(xix) To hold any part of the Trust Fund in the name or names of any nominee or nominees of the Trustee.

(xx) To pay any tax duty or other fiscal liability whatsoever which is or may be claimed in any part of the world from the Trustee or which is or may be claimed in any part of the world from any person who is or has been or may become beneficially interested in the income or capital of the Trust Fund (including a person interested as the object of a discretion or power in respect of or by reference to such interest or from the estate of any deceased person who has been interested as aforesaid notwithstanding that such claim may not be enforceable by action in ANGUILLA or any jurisdiction in which the Trustee is incorporated or carries on business or in which any assets then comprised in the Trust Fund are situated and notwithstanding that such payment may not be to the immediate financial advantage of the Beneficiaries or any of them.

(xxi) To give and satisfy an indemnity to any person or corporation who has previously been a Trustee or is about to retire as a Trustee hereof against any tax duty or fiscal liability whatsoever which may be claimed him in any part of the world by reason of such person or corporation having been a Trustee.

(xxii) To employ and pay at the expense of the income or capital of the Trust Fund any agents in any part of the world whether attorneys, solicitors, bankers, accountants, stockbrokers, trust companies or other agents and whether or not being the Trustee, to transact any business or do any act required to be transferred or done, in the execution of the Trusts hereof (including the receipt and payment of money and execution of documents the keeping of books of account of income and expenditure of the Trust Fund and the preparation from time to time of the accounts of the Trustee).

(xxiii) Any Trustee may, notwithstanding any rule of law or equity to the contrary, delegate to any corporate trustee by revocable power of attorney or otherwise the execution or exercise of all or any Trust powers and discretions vested in him or it as such Trustee or jointly with another or other Trustees.

(xxiv) To allow the Trust Fund or any part of the Trust Fund to remain in the possession and control of any one of the Trustees provided that such Trustee with sole possession and control must be a corporate Trustee.

8. Appointment to Other Trusts

Notwithstanding any of the Trusts powers and provisions herein contained the Trustee shall have power at any time or times before the expiration of the Trust Period at the absolute discretion of the Trustee to raise and pay or transfer the whole or any part of the Trust Fund or any income arising therefrom freed and discharged from the trusts, powers and provisions of this Trust indenture of to the trustees of any other trust and approved by the Trustee and in favor or for the benefit of all or any one or more exclusively of the others or other of the Beneficiaries and whether or not the trustee or trustees of such other trust are resident within the jurisdiction applicable at the time to that trust and thereupon the property so paid or transferred shall be subject to the trusts, powers and provisions of the other Trust indenture or trust and be governed by the proper law of that Trust indenture or trust whether or not such proper law is the proper law of this Trust indenture.

9. Retirement of Trustee

Notwithstanding any of the trusts, powers and provisions herein contained the Trustee shall have power at any time or times and from time to time before the expiration of the Trust Period at the absolute discretion of the Trustee by any irrevocable deed or deeds to retire as Trustee and subject to any appointment made under the provisions of Clause 15 hereof to appoint a new Trustee or new Trustees outside the jurisdiction at that time applicable to this Trust indenture as a Trustee or Trustees hereof and to declare that the Trusts hereof shall be read and take effect according to the laws of the country of incorporation of such new Trustee or Trustees and upon such appointment being made the then Trustee or Trustees shall immediately stand possessed of the Trust Fund upon trust for the new Trustee or Trustees and shall transfer the same to the new Trustee or Trustees as soon as possible so that the Trust Fund shall continue to be held upon the Trusts hereof but subject to and governed by the laws of the country of incorporation of such new Trustee or Trustees and thereafter the rights of all persons and the construction and effect of each and every provision hereof shall be subject to the exclusive jurisdiction of and construed only according to the laws of the said country which shall become the forum for the administration of this Trust indenture.

10. Accounts

The Trustee shall keep accurate accounts of this Trusteeship and may have them audited annually at the expense of the Trust Fund or the income thereof by a firm of chartered accountants selected by the Trustee.

11. Application of Expenses

The customary expenses in connection with the administration of this Trust including the remuneration and charges of the Trustee hereinafter provided for and of the investment and reinvestment of any part of the Trust Fund and the collection of income and other sums derivable therefrom shall be charged against the income and /or capital of the Trust Fund at the discretion of the Trustee.

12. Right to Appropriate

The Trustee may appropriate any part of the Trust Fund in the actual condition or state of investment thereof at the time of appropriation in or towards satisfaction of the share of any person in the Trust Fund which to the Trustee may seem just and reasonable according to the respective rights of the persons interested in the Trust Fund.


13. Trustee Remuneration

(i) Any trustee being a trust company or corporation shall act in accordance with its standard terms and conditions now and from time to time in force and shall be entitled to charge and be paid out of the Trust Fund and the income thereof remuneration in accordance with its scale of fees now and from time to time in force and may without accounting for any resultant profit act as banker, stockbroker, underwriter or other agent and perform any service on behalf of the trust estate and on the same terms as would be made with a customer.

(ii) Any Trustee being a lawyer, chartered accountant, stockbroker, underwriter or other person engaged in any profession or business shall be entitled to charge and be paid all usual professional and other charges for business transacted, time spent and acts done by him or any partner of his in connection with the Trust hereof including acts which a Trustee not being in any profession or business could have done personally.


14. Bond

The Trustee shall not be required to give any bond or security for the due and faithful administration of the Trust Fund or for the discharge of the Trusts hereby created.

15. Appointment of new Trustee

(i) The power of appointing a new Trustee or new Trustees hereof or of appointing a new Trustee or new Trustees in the place of any Trustee resigning its Trusteeship or of appointing an additional Trustee or additional Trustees up to any number subject to such limit (if any) as may for the time being be imposed by law shall be exercisable by deed by the Trustee hereof or the Personal Representative or Liquidator of the last surviving Trustee.

(ii) Any Trustee may at any time resign the Trusteeship on giving not less than sixty days notice addressed to the other Trustees if any or if there is no other Trustee and no person willing to act under the provisions of Sub-Clause (i) of this Clause on appointing a new Trustee in place of the retiring Trustee.

(iii) The office of a Trustee shall be ipso facto determined and vacated if such Trustee being an individual shall be found to be a lunatic or of unsound mind or shall become subject to the bankruptcy laws or if such Trustee being a company shall enter into liquidation whether compulsory or voluntary (not being merely a voluntary liquidation for the purposes of amalgamation or reconstruction).

(iv) Notices of all changes in the Trusteeship shall be endorsed on or attached to these presents signed by the surviving or continuing Trustee and every such notice shall be sufficient evidence to any person having dealings with this Trust as to the facts to which it relates.

(v) A person or corporation may be appointed Trustee hereof under any of the foregoing powers.

(vi) An outgoing Trustee shall execute and do all such transfers or other acts or things as may be necessary for vesting the Trust Fund in the new or continuing Trustee and the new or continuing Trustee shall sign a memorandum as to the Trusteeship in accordance with the provisions in that behalf hereinbefore contained PROVIDED that an outgoing Trustee who is liable as a Trustee hereof or may on the death of any person become liable as a former Trustee hereof for any probate, succession, estate or other duties, fees or taxes shall not be bound to transfer the Trust Fund as aforesaid unless reasonable security is provided for indemnifying such outgoing Trustee against such liability.

(vii) Any Trustee hereof shall automatically cease to be a Trustee hereof on the happening of any of the following events within the territory where such Trustee is incorporated (in the case of a corporate Trustee) or resident in the case of a natural person that is to say:

(a) The invasion of such territory by military forces.

(b) The enactment of any law or the taking of any action by or on the part of any governmental authority, agency, or officer, court or tribunal of or within the said territory the aim or purpose or effect of which is or would be if such Trustee had sole control of the assets comprising the Trust Fund

(i) To, directly or indirectly, expropriate, sequester, levy, lien or in any way control, restrict or prevent the free disposal by a Trustee of any monies, investments, property or other assets included in or forming part of this Trust and any distributions therefore. The acquisition, expropriation or confiscation of any of the assets comprising the Trust Fund or any part thereof.

(ii) To jeopardize or interfere with or hamper the free exercise by such Trustee of its administrative or executive functions in respect of the Trusts hereof or the Trust Fund or its discretion in respect thereof.

(iii) The restriction, suspension, abrogation, withdrawal, cancellation or rescission of any exemption, relief or contract in relation to the trusts hereby created or the Trust Fund or any part thereof whether in respect of exchange or currency control or any other matter.

(iv) To levy any tax or duty on the capital of the Trust Fund in excess of five (5) per cent thereof.

(v) To levy any tax or charge or fee on the income of the Trust Fund or any part thereof in excess of five (5) per cent per annum thereof.

(c) The nationalization or attempted nationalization of the Trustee or the intervention in its affairs by a government official or a government body or agency; and,

(d) Forthwith upon any Trustee ceasing to be a Trustee pursuant to this Clause such Trustee shall be divested of title to the Trust Fund which shall automatically vest in the continuing Trustee appointed by the Protector which is thereupon irrevocably and automatically hereby granted an irrevocable Power of Attorney by such Trustee granting to the continuing Trustee hereof the power to transfer the Trust Fund to the continuing Trustee hereof and the forum for the administration of this Trust shall forthwith be deemed to the place of incorporation of such continuing Trustee whereupon the laws of the said place of incorporation shall become the proper law of this Trust indenture and the courts of the said place of incorporation shall have exclusive jurisdiction of the Trusts hereof and on any matters relating thereto.

16. Absolute and Uncontrolled Discretion/Trustee Liability/Appointment of Investment Adviser

(i) Every discretion or power hereby or by law conferred on the Trustee shall be an absolute and uncontrolled discretion or power and no Trustee shall be held liable for any loss or damage accruing as a result of the Trustee concurring or refusing or failing to concur in an exercise of any such discretion or power.

(ii) No Trustee hereof shall be liable for any error of judgment or mistake of law or other mistake for anything save willful misconduct or willful breach of the Trusts hereof by such Trustee and except in the case of such willful misconduct or willful breach the Trustee shall be indemnified and held harmless out of the Trust Fund against any claims, losses, death duties, taxes and imposition arising in connection with the Trust Fund or any part thereof.

(iii) Subject to Clause 17 hereafter:

(a) The Trustee may from time to time and at any time on such terms as it may think fit whether for a fixed period of time or subject to a fixed period of notice or otherwise and either in relation to the whole of the Trust Fund or to such part or parts thereof as may for the time being be invested in any particular country or group of countries act as Investment Adviser or employ any person, firm or company including, without prejudice to the generality of the foregoing, any company being the parent company or a subsidiary company of a Trustee or otherwise associated with the Trustee as an Investment Adviser;

(b) Subject as hereinafter provided the Trustee shall pay to any such Investment Adviser such fees, commissions or other remuneration and such compensation for expenses as the Trustee may in its discretion think fit and any such Investment Adviser shall be entitled to retain for its or his own use and benefit any commissions or shares of commissions customarily or by usage payable to such Investment Adviser in relation to any dealing or transaction with or concerning the Trust Fund or any part thereof provided always that is the event that any Trustee or any parent subsidiary or associated company as aforesaid shall act as Investment Adviser it shall be entitled to remuneration and commission and generally to act in accordance with its published terms and conditions for acting as such in force from time to time; and,

(c) No Trustee shall incur any liability or be in any way responsible for any loss which may be incurred as a result of anything done or not done as a result of advice or recommendation given or purported to have been given by such Investment Adviser (whether in writing or by cablegram or orally or by telephone) or for any omission to take any action in the absence or non-receipt of such advice or recommendation from such Investment Adviser.

17. Responsibility for Loss

It is hereby declared that:

(i) This Trust indenture is created with the purpose interalia of holding the Trust Fund and any other property that may be donated to or vested in the Trustee to be held upon the Trusts hereof.

(ii) This Trust indenture is created with the purpose interalia of holding the Trust Fund and any other property that may be donated to or vested in the Trustee to be held upon the Trusts hereof.

(iii) The Trust shall not be liable or accountable in any manner or circumstances for any loss caused by failure to diversify the investments comprised in the Trust Fund notwithstanding any rule of law or equity to the contrary.

(iv) Notwithstanding any rule of law, equity or otherwise to the contrary nothing in this instrument shall oblige or impose upon the Trustee any duty to enhance the value of the Trust Fund and accordingly the Trustee shall not be liable to any beneficiary for any failure to enhance the value of the Trust Fund or any part of it.

18. Exercise of Discretion or Power

Every Trustee being a corporation or company may exercise or concur in exercising any discretion or power hereby conferred on the Trustee by a resolution of such corporation or company or by a resolution of its board of directors or governing body or may delegate the right and power to exercise or concur in exercising any such discretion or power to one or more members of its board of directors or governing body appointed from time to time by the said board of directors or governing body for that purpose and any such exercise or concurrence shall be duly evidenced by a certified copy of the resolution relating thereto.

19. Letters of Memoranda of Wishes

(i) A Beneficiary may give to the Trustee a letter of his wishes or the Trustee may prepare a memorandum of the wishes of the Beneficiary with regard to the exercise of any functions conferred on the Trustee by the terms of this Trust.

(ii) Where this Trust is in favor of a class of person then a member of that class may give to the Trustee of letter of his wishes or the Trustee may prepare a memorandum of the wishes of that member with regard to the exercise of any functions conferred on the Trustee by the terms of this Trust.

(iii) Where a letter of wishes or memorandum of wishes is given to or prepared by the Trustee then:

(a) The Trustee may have regard to that letter or memorandum in exercising any functions conferred upon him by the terms hereof; but,

(b) The Trustee shall not be bound to have regard to that letter or memorandum and shall not be accountable in any way for his failure or refusal to have regard to that letter or memorandum.

(iv) No fiduciary duty or obligation shall be imposed on the Trustee merely by the giving to him of a letter of wishes or the preparation by him of a memorandum of wishes.

20. Applicable Law

This Trust indenture is established under the laws of ANGUILLA and if and so long as the powers contained in Clause 8 or Clause 9 hereof shall not have been exercised and Clause 15 (vii) hereof shall not have come into operation the rights of all parties and the construction and effect of each and every provision hereof shall be subject to the exclusive jurisdiction of and construed only according to the laws of ANGUILLA.

21. Execution in Duplicate

This Trust indenture shall be executed in duplicate, as the Trustee shall keep an original and one duplicate Copy, each of which shall constitute one and the same instrument and the original Trust indenture.

22. Irrevocability

This Trust indenture is irrevocable.

23. Non-Disclosure

Without prejudice to any right of the Trustee to refuse disclosure of any document it is hereby declared that the Trustee shall not be bound to disclose to any person any of the following or the contents thereof:

(i) Any document disclosing any deliberations of the Trustee as to the manner in which the Trustee should exercise any power or any discretion conferred upon the Trustee by this Trust indenture or disclosing the reasons for any particular exercise of any such power or discretion or the material upon which such reasons shall or might have been based.

(ii) Any other document relating to the exercise or proposed exercise of any power or discretion conferred on the Trustee by this Trust indenture (not being legal advice obtained by the Trustee at the cost of the Trust Fund unless such advice is privileged and the privilege has not been waived).

24. The Protector

(i) The first Protector shall be as specified in Clause 1.

(ii) The Protector may by Will or Deed intervivos revocable by further Deed and whether having immediate effect or postponed in its effect or contingent upon any event or lapse of time, appoint any person or persons as an additional Protector or in substitution for a Protector and may remove any such Protector howsoever appointed.

(iii) The Protector may resign such position by notice in writing to the Trustee and upon receipt of such notice by the Trustee, the person giving the same shall for all purposes hereunder cease to be a Protector.

(iv) In the event of there being more than one person holding the office of Protector at any time, then the persons holding such office shall act jointly.

(v) Any provision in the Last Will and Testament of a natural person holding the office of Protector concerning the appointment of a person to the office of Protector shall not have any effect unless upon the death of that natural person there is no person holding the office of Protector.

(vi) If upon the death of a natural person holding the office of Protector there is no person holding such office and such person has made no provision in his Last Will and Testament concerning the appointment of a person of the office of Protector, the legal personal representatives of such natural person in the place of his domicile at the date of his death shall hold the office of Protector.

(vii) If upon the dissolution of a corporation holding the office of Protector there is no person holding such office then the directors of such corporation, or if there are none at the date of dissolution, then the last directors thereof shall hold the office of Protector.

25. Power of the Protector

(i) The Protector may by Deed:

(a) Remove any Trustee at any time and from time to time;

(b) Appoint a new Trustee or new Trustees resident in any part of the world;

(c) Appoint a Trustee to act as sole Trustee for such part of the Trust Property as shall be located in any particular county, state, territory, colony of possession to the exclusion of the Trustee in regard to such part of the Trust Property as is located in such county, state, territory, colony or possession in which event the Trustee appointed in relation to such Trust Property shall in all respects be subject to the provisions of this Trust indenture set forth and contained; and,

Provided that:

(d) The removal of a sole Trustee or of all existing trustees shall not be effected otherwise than simultaneously with the appointment of a new Trustee or Trustees in its place.

(ii) The Protector may by Deed appoint a continuing Trustee resident in any part of the world to act as the continuing Trustee as described in the provisions of Clause 15 (vii) herein.

26. Release of Protector Powers

The Protector for the time being may at any time or times and from time to time during the Trust Period by Deed irrevocable renounce and release any power or powers conferred on the Protector by this Trust indenture, and upon such renunciation and release such power or powers shall be deemed to be at an end and no longer exercisable by the Protector to the extent of such renunciation and release.

27. Effective Date

No deed pursuant to the provisions of Clause 24, 25 or 26 herein shall take effect until a Memorandum thereof has been endorsed upon this Trust indenture.

28. Notices by Trustee to Protector

The Trustee shall not exercise any power pursuant to the provisions of Clause 2(iii), 3, 8 or 15 herein (hereinafter referred to as the “Restricted Powers”) except having given notice to the Protector in accordance with the provisions of this Clause.

(i) Twenty-one days prior to the exercise of any Restricted Powers, the Trustee shall serve written notice upon the Protector of its intention to exercise such powers setting out the manner in which it proposes to exercise such power and no Restricted Powers shall be exercised by the Trustee otherwise than in the manner specified in such a notice and shall not be exercised prior to the expiry of the said period of twenty-one days unless the Protector shall otherwise agree in writing.

(ii) Where any new Trustee is appointed or any Trustee is removed or retires or ceases to act as Trustee, any notice of the kind referred to in the provisions of this Clause then current shall lapse and the power referred to therein shall not be exercised pursuant to that notice but without prejudice to the right of the Trustee holding office thereafter to give a fresh notice under the provisions of this Clause in respect thereof.

(iii) The giving of a notice under the provisions of this Clause shall not oblige the Trustee to exercise the power referred to therein.

(iv) No persons having any dealing with the Trustee shall be obliged to inquire and no person other than the Protector and the Beneficiaries shall be entitled to inquire whether the provisions of this Clause have been complied with and all persons other than the Trustee shall be entitled to assume that they have been complied with.

(v) Any notice required to be given by the Trustee pursuant to the provisions of this Clause may be waived by the Protector in writing provided that a waiver given by the Protector in respect of any one notice shall not have effect in respect of any subsequent notice which is required to be given by the Trustee pursuant to the provisions of this Clause.

(vi) All notices, requests, demands or directions to any party to this Trust indenture by any other party must be in writing and delivered by registered mail or by acknowledged facsimile to the address specified below and addressed as follows:

If to the Trustee, to be delivered to it at the following address:

GRUPO DOMINICO EUROLEGAL S.A.
Pedro Clisante 9
El Batey
Sosua
DOMINICAN REPUBLIC

If to the Protector, to be delivered to it at the following address:


(vii) Either party may, by notice to the other parties, change its address for notices to some other no less convenient address and will so change its address whenever its current address ceases to be so suitable.

29. Documents

In Clause 23 above the expression “document” shall include any papers, deeds, declarations, appointments, minutes, notices, memoranda, records, statements, accounts, contracts, contract notes, correspondence, telexes, telegrams, e-mails, facsimiles, and tape recordings of all kinds.

30. Change of Name

The Trustee may effect a change of name of this Trust by a minute signed by the Trustee, which shall be annexed hereto.

31. Headings

All headings are included for convenience only and are not to be considered in the construction of any terms of this Trust indenture.

IN WITNESS WHEREOF this Trust indenture has been duly executed the day and year first above written.

Signed, Sealed and Delivered by:

S/S April 2, 2002
_________________________________ ___________________
JAMES GREGORY (ZIG) ZIEGLER Date
ZIG GIVENESS TRUST

The Common Seal of GRUPO DOMINICO EUROLEGAL S.A. was affixed by:

S/S April 2, 2002
___________________________________ ___________________
Dr. EPIFANIO VASQUEZ SANTOS Date
President
GRUPO DOMINICO EUROLEGAL S.A.


THIS IS THE SCHEDULE REFERRED TO IN CLAUSE 1 HEREOF

Beneficiaries:

50% NICHOL C. OTTLEY, a Grenada born citizen living in Tegucigalpa, Honduras, Central America. NICHOL is my best friend and I consider her my daughter.

50% to the woman last living with me as my wife, whether by common-law (without a formal government issued license), or by license issued by a government.

TRUST FUND:

A. The initial $100.00 Corpus is hereby released to Trustee as initial Trustee fee;

B. A Term Life Insurance Policy, issued by LINCOLN BENEFIT LIFE COMPANY (USA) on the life of JAMES GREGORY (ZIG) ZIEGLER is hereby made property of this Trust. The Trustee and or any Beneficiary is authorized to make any/all payments required by this life insurance company for this policy, said funds may be removed from the corpus of this Trust;

C. All right, title and interest in all property owned by myself and/or which I may have a beneficial interest in, which is not listed in a separate Trust;

D. All eligibility and/or actual interest in PLATINUM BANK A.D. Podgorica, Montenegro;

Any/all eligibility or actual interest in a USA firm known as SLATECO INTERNATIONAL GROUP INC. ( SLIG ) and/or GLOBAL RESERVE CORP. ( GLBR );

E. Any/all residual interest in funds or equities due from VICTORIA CORPORATE SERVICES Uganda, Africa obtained through administering funds on behalf of others via verbal and/or written contracts with others, primarily business known as GLOBAL INTERNET DATA PROCESSING S.A. Sousa, Dominican Republic and GOLDEN AGE SERVICES LTD. Charleston, Nevis and OFIRA LTD. Charlestown, Nevis;

During the life of JEAN M. WAHLS (aka) MAGGIE ZIEGLER, all proceeds of this Item E., that were earned by activities on or before January 15, 2002, are to be shared 50% with MS. WAHLS. Any and all benefit of this extends only for the life and/or mental competence of JEAN M. WAHLS. Upon the death or declaration of a competent Court of mental incompetence of MS. WAHLS, all benefits listed in Item E. herein cease to MS. WAHLS and revert to the Beneficiaries of this ZIG GIVENESS Trust. MS. WAHLS agreed to and signed divorce papers with Settlor ZIEGLER, during January 2002, in The Dominican Republic, said divorce handled by law firm GRUPO DOMINICO EUROLEGAL S.A. Per the Divorce Agreement, and this Trust, MS. WAHLS is due nothing more from Settlor ZIEGLER, or this Trust. Any/all heirs of MS. WAHLS are due no additional or continuing benefits from ZIEGLER or this Trust.

S/S April 2, 2002
________________________________ _______________
JAMES GREGORY (ZIG) ZIEGLER Date
ZIG GIVENESS TRUST

====

Those interested in additional information surrounding the subjects here, are invited to contact the author of this report at the e-mail provided below.

Please review the comprehensive research references. (See Further Below)


Submitted,


Offshore Informant
[E-MAIL:  OffshoreInformant@safe-mail.net]

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Research References:

 http://www.sec.gov/litigation/litreleases/lr17177.htm

 http://classaction.findlaw.com/cases/securities/sec/sec1/files/2001/lr17177.html

 http://web.archive.org/web/20040103061046/melchizedek.to/DOMEX/dettimr.htm

 http://web.archive.org/web/20010223101715/www.melchizedek.to/DOMEX/emtn.htm

 http://web.archive.org/web/19980627062825/http://www.melchizedek.com/stocks/dettimr.htm

 http://66.102.7.104/search?q=cache:hZ6NidQfaJsJ:www.sec.gov/litigation/admin/34-50136-o.pdf+%22U.+N.+DOLLARS%22Allen&hl=en%20target=nw

 http://web.archive.org/web/19990219211916/trmi.com/888.htm

 http://web.archive.org/web/20000417042341/trmi.com/2001.htm

 http://web.archive.org/web/19990208010629/http://trmi.com/

 http://web.archive.org/web/20001027131953/trmi.com/3.htm

 http://web.archive.org/web/20020604062259/http://www.bise.bz/

 http://web.archive.org/web/20040103061046/melchizedek.to/DOMEX/dettimr.htm

 http://web.archive.org/web/20040103061046/http://www.melchizedek.to/DOMEX/mtn.htm

 http://web.archive.org/web/20040111014112/http://www.melchizedek.to/DOMEX/emtn.htm

 http://web.archive.org/web/19980627062825/http://www.melchizedek.com/stocks/dettimr.htm

 http://web.archive.org/web/19980627062949/http://www.melchizedek.com/stocks/emtn.htm

 http://web.archive.org/web/20000424040553/www.melchizedek.com/press/release19.htm

 http://web.archive.org/web/20000312155311/http://www.undollars.com/

 http://web.archive.org/web/*/http://undollars.com

 http://www.businesswire.com/webbox/bw.012802/220280167.htm

 http://www.businesswire.com/webbox/bw.090401/212470247.htm

 http://web.archive.org/web/20030713050529/forexafrica.com/Account.doc

 http://web.archive.org/web/20000226190431/globalcap.com/FX.html

 http://web.archive.org/web/19991013112621/http://globalcap.com/

 http://www.concord.sots.ct.gov/CONCORD/online?eid=99&sn=InquiryServlet

 http://southafrica.indymedia.org/news/2006/08/10907.php

 http://www.pinksheets.com/quote/quote/.jsp?symbol=GLBR [ 21MAR02 ]

 http://p067.ezboard.com/fdiligizerduediligence.showMessage?topicID=23045.topic&index=1

 http://p067.ezboard.com/fdiligizerduediligence.showMessage?topicID=22052.topic&index=3

 http://www.kycnews.com/message_board_detail.asp?id=18060&page=1

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