The following minutes were taken from notes of a special meeting that was held after filing the incorporation papers for Unity International, Inc. The meeting was held on the date, at the place, and convened at the time stated above. Present were:

The meeting between Evangelist Snider and George M. Sistrunk began at 7:00 p.m. Absent were: Carolyn O. Stroman, William H. Wilson, Rev. Dr. Clarence W. Joyner, Jr., Dr. Jesse Kinard, Rev. Calvin Alston, Attorney Virgin Johnson and Carl X. Wright.

The following minutes were taken from the notes of a special meeting that was held after filing the incorporation papers for Unity International, Inc..  The meeting was held on the date, at the place, and convened at the time stated above. Present were: {Click here for Robert's Rules Of Order} {Click here for the importance of minutes}

The meeting between Evangelist Snider and George Sistrunk began at 7:00 p.m.. Absent were:

George Sistrunk began the meeting by telling Evangelist Snider that he had some good news.  He had already called Dr. joyner and had informed him earlier during the day of his conversation with Eric Pantsari from the Securities Division of the Secretary of State's office. George had called Eric to get clarification on Rule 501(e)(1)(iv), 501(a)(4) and Rule 147(1)-(2).  According to Eric Pantsari[,] there was no state law that prevented a corporation from entering into a general partnership with a person or entity.  Futhermore, as far as he knew, there was no state law that prevented general partners from purchasing shares of stock in a corporation they owned and finally[,] there was no state law that he was aware of that prohibited the active solicitation of individuals to be general partners in a corporation.

Eric Pantsari also told George that general partners under Rule 501 are automatically considered accredited investors and there was no limit to the number of general partners a corporation could have.  He also added because Unity was entering into partnerships and not selling shares of stock, our activity was not inviolation of the Securities Act of 1933 or 1934 or any security law of the state of South Carolina.  He went on to add that partnerships are governed by the terms of the partnership agreement and what the state enforces are the provisions of that agreement, especially if any provision of the agreement is in violation of federal and/or state law.

He also told George if the program he had outlined to him over the phone was the one Unity intended to use, it was quite interesting.  He didn't believe anyone had ever tried to building a major corporation through a partnership program before now.

Evangelist Snider was very excited over George's report of his conversation with Eric Pantsari.  She asked George how soon could the new program be ready[?]  George told her within forty-eight hours.  He told her the basic tenets of the partnership program were in the investment Prospectus.  He cautioned her that even though the partnership program was not a stock offering or a private placment, because references to stock purchasing were contained within it, it would be best to treat it as if it were a private placement and observe all the SEC rules governing private placement, including the release statement and the "suitability of intent to invest letter".

Evangelist Snider agreed that would be a safer route.  George told her he preferred a straight partnership program, but since they had not received documents from Kitco, it would be safer to split the program in half. With a straight partnership, ownership interest would have to be transferred to shares of stock rather quickly.  Since we aren't sure how our stock will be issued by the state, he recommended Unity stay with the split program until all the corporate papers were filed and the corporation was ordering stock shares on a regular basis.

He also told her since Unity would be dealing in the African American community first, we would need more documentation than normally required.  This means two separate information packages and one hundred pages or more of documentation.  He reminded her that corporate concepts and ways of conducting business will be new to most of the African American.  Fear, he said will be extremely high, and the more actual documents Unity present to the public will help alleviate most of that fear.  He told Evangelist Snider that he had developed a non selling marketing concept he believed would work.

George told Evangelist Snider that the new program, along with all the supporting documents would be ready by the next regular meeting, if he worked at it night and day with few breaks.

George also told her that he had talked with Fred Rohden and he wanted to know, when could Unity's board come to Jacksonville Florida to discuss buying the franchise at Richland Fashion Mall? Evangelist Snider told him she would talk with Dr. Joyner about it.  Even though she was not happy with attendance at the special meetings, she agreed to call another special meeting if any new developments came up.  The meeting was adjourned until then.