" means agreement whereby one party called "lender" transfers securities to the other party called "borrower", under arrangement of which borrower agrees to subsequently transfers securities issued by the

warrant                  : consider to separate offering price for shares and warrant Public Offering Placement (PO Placement) Approval criteria is the same as an offer for sale of shares / CD / warrant to

in a continued and credible manner.   Good internal control Specify the scope of powers and duties and approval of transactions in a transparent form in writing. Separate the powers to approve, record