Indo Global Exchanges Pte Ltd (IGEX)

[es1]

Do you know why it is an exempt transaction?
Because nothing was transferred.
No money changed hands no asset changed hands. No paperwork was filed.
Dan said "we have a claim. If you want to have it you can...but if you find something we want some. If you decide you don't want it you can give it back."

There is no business license needed for this.

This isn't running a business. It's giving an permission to mine on a claim.