Retraction

I have just learned that the news report from TV8 was worse than I previously heard. They stated that if you have had UBean coffee, you should go to the hospital and they said the UBean closed after the press conference last week. Both are untrue and could be considered slander. I have asked the lawyer to tell TV8 ti issue a public retraction. What I am told is that according to the law and the culture, we should sue TV8 for damaging our name and reputation. I am unsure whether to pursue this. I will be asking the board for their input as I believe they should be involved in this kind of decision. I am okay with lawsuits as long as it serves to battle injustice.

In addition, this is the US Embassy's information regarding laws and courts.

-􏰀 Weak Courts. Ostensibly independent, Mongolia's judiciary is weak and compromised. Foreign litigants in civil or criminal legal disputes perceive themselves as disadvantaged before Mongolian courts. The Government of Mongolia's recent settlement-on-appeal of a large international arbitration award suggests that alternative dispute resolution may yet become a viable alternative.

-􏰀 Vague Laws. Mongolian law, especially including Mongolian business law, is riddled with imprecision. Mongolia's lack of a transparent and effective rule-making process means that vagueness in law is not mitigated by application of more precise regulations. This legal and administrative vagueness invites inconsistency of rulings at best and corruption at worst.

Please pray for discernment in this decision.

Chaz

June 4, 2017