Guo Wengui / Miles Guo — bankruptcy case · EXHIBIT · ECF #1604-23

Original File 293035B.txt Min-U-Script® with Word Index Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 3 of 140 **1 SUPREME COURT OF THE STATE OF NEW YORK 2 COUNTY OF NEW YORK -----------------------------------------X 3 PACIFIC ALLIANCE ASIA OPPORTUNITY FUND L.P., 4 Plaintiff, 5 - against - 6 KWOK HO WAN, a/k/a KWOK HO, a/k/a GWO 7 WEN GUI, a/k/a GUO WENGUI, a/k/a GUO WEN-GUI, a/k/a WAN GUE HAOYUN, a/k/a 8 MILES KWOK, a/k/a HAOYUN GUO, 9 Defendant. 10 Index No.: 652077/2017 -----------------------------------------X 11 12 605 Third Avenue New York, New York 13 December 11, 2019 14 2:56 p.m. 15 16 VIDEOTAPED EXAMINATION BEFORE TRIAL 17 of DANIEL PODHASKIE, before Melissa Gilmore, a 18 Shorthand Reporter and Notary Public of the 19 State of New York. 20 21 22 23 ELLEN GRAUER COURT REPORTING CO., LLC 126 East 56th Street, Fifth Floor 24 New York, New York 10022 212-750-6434 25 REF: 293035B**

1 A P P E A R A N C E S:

7 BY: EDWARD MOSS, ESQ. 8 STUART SARNOFF, ESQ. 9 ELI A. GROSSMAN, ESQ.

20 BY: JILLIAN MARIE SEARLES, ESQ.

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7 BY: AARON A. MITCHELL, ESQ.

12 ALSO PRESENT:

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1 ------------------- I N D E X -------------------

9 ---------------- E X H I B I T S ---------------- 10 PODHASKIE DESCRIPTION FOR I.D. 11 Exhibit 1 Corporate representative 9

14 Exhibit 2 Notice for the deposition 9

16 Exhibit 3 Collection of corporate 20

21 Exhibit 5 Notice of Satisfaction or 56

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1 ------------ E X H I B I T S (Cont'd) -----------

FOR I.D.

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4 AGREED by and between the attorneys for the 5 respective parties herein that the sealing, 6 and filing be, and the same are hereby 7 waived.

9 AGREED that all objections, except as to the 10 form of the question, shall be reserved to 11 the time of the trial.

13 AGREED that the within deposition may be 14 sworn to and signed before any officer 15 authorized to administer an oath, with the 16 same force and effect as if signed to before 17 the court.

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3 THE VIDEOGRAPHER:

4 videotaped deposition of Mr. Daniel T. 5 Podhaskie, taken by the plaintiff in the

7 Opportunity Fund L.P. versus Wan, et al., 8 in the Supreme Court of the State of New 9 York in the County of New York.

10 Number is 652077/2017.

12 offices of Hodgson Russ, and today's date 13 is December 11, 2019. 14 My name is Dan Macom.

16 Company.

19 Grauer, a U.S. Legal Support Company.

21 appearances will appear on the written 22 record.

25 witness. Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 10 of 140 **1 D A N I E L P O D H A S K I E, called as 2 a witness, having been sworn by a Notary 3 Public, was examined and testified as 4 follows: 5 6 EXAMINATION BY 7 MR. MOSS: 8 Q. Mr. Podhaskie, you are here as a 9 corporate representative for two entities; is 10 that correct? 11 A. Yes. 12 Q. And one of those entities is Genever 13 Holdings, LLC, right? 14 A. Correct. 15 Q. And I'm going to refer to that 16 entity today as Genever New York. Is that 17 okay? 18 A. That's fine. 19 Q. Will you understand what I mean when 20 I say Genever New York that I'm referring to 21 Genever Holdings, LLC? 22 A. Yes. 23 Q. And the other entity you are here on 24 behalf of is Genever Holdings Corporation BVI; 25 is that correct?** Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 11 of 140

2 A. Yes. 3 Q.

4 entity as Genever BVI. Is that okay? 5 A. That's fine. 6 Q.

7 talking about Genever BVI, I mean Genever 8 Holdings Corporation? 9 A. I do. 10 Q. Thank you.

12 can't give truthful and accurate testimony here 13 today? 14 A. No.

16 representative notice for the deposition

20 deposition of Genever BVI, marked for

22 THE VIDEOGRAPHER:

23 record. The time is 2:59 p.m. 24 Q.

25 what we have marked as Podhaskie 1 and

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2 Podhaskie 2.

3 representative notice for the deposition of 4 Genever New York, and Exhibit 2 is the notice 5 for the deposition of Genever BVI.

6 is that correct? 7 MR. MITCHELL:

8 the question. 9 A.

10 deposition notice to Genever New York and 11 Exhibit 2 is a deposition notice to Genever 12 BVI, as you previously defined them. 13 Q. Great. Thank you.

15 we can start with Exhibit 1.

16 look at the last page of that exhibit.

18 deposition topics? 19 A. Yes. 20 Q.

21 five topics today? 22 A. Yes. 23 Q.

24 Exhibit 2, at the last page of that exhibit, do 25 you see that there are five deposition topics

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2 on that page? 3 A. Yes. 4 Q.

5 five deposition topics today? 6 A. Yes. 7 Q.

8 testify on behalf of Genever New York and 9 Genever BVI on these topics that we just 10 covered? 11 MR. MITCHELL:

12 the question. 13 You can answer. 14 A.

15 deposition notices and the topics that were 16 designated.

17 for Genever New York and for Genever BVI.

18 spoke with Miles Kwok.

19 and I spoke with Yvette Wang. 20 MR. MITCHELL:

25 discussions he had with those individuals,

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 14 of 140 **1 PODHASKIE 2 but anything outside of that, I'm going to 3 assert privilege. 4 MR. MOSS: Sure. Understood. 5 That's helpful. 6 BY MR. MOSS: 7 Q. So let's start with Mr. Kwok. What 8 did you discuss with Mr. Kwok in connection 9 with preparing for your testimony here today as 10 a corporate representative? 11 A. I asked him if he would have any 12 knowledge about the topics that are listed on 13 the notice of deposition. 14 Q. And what did he say? 15 A. He indicated he would not know. 16 Q. Anything else about your 17 conversation with Mr. Kwok as it relates to 18 your preparation for your corporate 19 representative topics today? 20 A. Did I discuss anything else with him 21 about this, the preparation? Other than that, 22 no. 23 Q. Who is Guo Qiang? 24 A. He is Mr. Kwok's son. 25 Q. And did you speak with Mr. Qiang by** Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 15 of 140

2 phone, in person? How did you communicate? 3 MR. MITCHELL:

4 clarification, his first name is Qiang. 5 MR. MOSS: Sorry. 6 Q. Mr. Guo. Let me try it again.

8 how did you communicate with him? 9 A. By telephone. 10 Q. Who called who? 11 A.

12 and she called Guo Qiang. 13 Q.

14 you spoke with him? 15 A. I believe he was in England. 16 Q. And what did the two of you discuss? 17 A.

18 that were noticed and the corporate formalities 19 of both Genever New York and Genever BVI. 20 Q.

21 you? 22 A. Yes. 23 Q.

24 recollection about what Guo Qiang told you 25 during that conversation to prepare for your Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 16 of 140

2 corporate representative testimony? 3 A. How much time do I have? 4 Q. As much as you need. 5 A.

6 topics one by one.

7 and business purpose of both Genever BVI and 8 Genever New York.

9 and ownership structure of both Genever BVI and 10 Genever New York.

11 management and organization structure of both 12 Genever BVI and Genever New York.

13 Genever BVI's relationship to Mr. Kwok and 14 Genever New York.

15 that are currently held by both Genever BVI and 16 Genever New York. 17 Q. Anything else you remember? 18 A.

20 Sherry-Netherland Hotel in New York. 21 Q.

22 that discussion? 23 A. Yes. 24 Q. Can you tell me what you remember? 25 A.

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2 looking for? 3 Q. You said it was a brief discussion. 4 Just anything you remember about that brief 5 discussion. 6 A.

7 buy a residence at -- you know, somewhere in 8 New York, and that he had attended the meetings 9 with The Sherry-Netherland with his father, you 10 know, he attended a lot of the meetings, spoke 11 with the president of the -- or the vice 12 president, I'm not sure of the title, of The 13 Sherry-Netherland.

15 to purchase the residence on behalf of Genever 16 New York and I think that's about it. 17 Q.

18 buy residences, who is the "they" you're 19 referring to? 20 A. The Guo family. 21 Q.

22 is that something broader than that? 23 A.

24 Mr. Kwok's son. 25 Q.

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2 with Guo Qiang? 3 A.

4 December 9. 5 Q.

6 Ms. Yvette Wang to prepare for your testimony; 7 is that correct? 8 A.

9 conversation with Guo Qiang. 10 Q.

11 her other than her being present for the 12 conversation with Guo Qiang? 13 A. Yes. 14 Q.

15 this deposition? 16 A. Yes. 17 Q.

18 you discussed, please? 19 A.

20 Genever and who maintains -- whether it has an 21 office here in New York, Genever New York, that 22 is, and the same for Genever BVI. 23 Q. Anything else? 24 A. No. I think that's it. 25 Q.

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2 New York? 3 A. I don't know. 4 Q. What is Ms. Wang's role with Genever 5 BVI? 6 A. I don't know.

8 about the personnel of Genever New York, right, 9 that's topic 3, in Exhibit 1; is that right? 10 A. Yes. 11 Q. Are you prepared to testify on that? 12 A. I am.

14 role was with Genever New York? 15 A. I think you're assuming she has a 16 role with Genever New York. 17 Q. Did you ask her whether she has a 18 role with Genever New York? 19 A. Yes. 20 Q. And what did she tell you?

22 Genever New York.

24 with Genever New York? 25 MR. MITCHELL:

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2 the question. 3 You can answer. 4 A.

5 role"? 6 Q.

7 know whether she had a role with Genever New 8 York. Is that -- is that your testimony? 9 MR. MITCHELL:

10 the question. 11 A. If that's what the record reflects. 12 Q.

13 with Genever New York, and you answered, I 14 don't know. 15 Do you recall that testimony? 16 A. Yes. 17 Q. Is that accurate? 18 A. Yes. 19 Q. Okay.

20 any role, official or unofficial, with Genever 21 New York?

22 Yvette Wang. 23 A. I don't know. 24 Q.

25 role with Genever New York?

2 A. What do you mean by "role"?

3 be more specific? 4 Q.

5 and you answered she has no official role with 6 Genever New York.

8 "role"? 9 A.

10 York. 11 Q.

12 responsibility in connection with, affiliation 13 with Genever New York? 14 MR. MITCHELL:

15 the question. 16 A. I don't know. 17 Q. You didn't ask her? 18 A. No. 19 Q. Let's -- let's focus on Genever BVI.

21 a collection of corporate documents that were 22 produced to us in this case by -- by one of the 23 Genever entities, I'm not sure which one, but 24 they have Kwok Bates stamps on them, and I'm 25 going to look at -- I'm going to direct your

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2 attention to various documents within here.

3 there are other documents you feel you need to 4 look at to answer questions or you want to flip 5 through this, you're more than welcome to.

7 corporate documents, Bates Stamped KWOK143 8 through 194, marked for identification.) 9 MR. MITCHELL:

10 as Podhaskie 3? 11 MR. MOSS:

12 as 3, yes. 13 Q.

14 mentioned, is a compilation of documents.

15 are in sequential Bates order, and they are 16 KWOK143 through KWOK194.

17 corporate documents with respect to the two 18 Genever entities.

20 attention to page -- the Bates page 176.

21 is entitled "Authorization to Date Director's 22 Resolution," and it's Bates stamped KWOK176. 23 Can you identify this document? 24 A.

25 "Authorization to Date Director's Resolution,"

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2 and it appears to be dated effective the 12th 3 day of February, 2015. 4 Q.

5 entity? 6 A. Yes. 7 Q.

8 of this Authorization to Date Director's 9 Resolution, as far as you can tell? 10 A.

11 reviewed in preparation for today, it would 12 appear to be true and accurate. 13 Q.

14 bottom, is that Mr. Kwok's signature? 15 MR. MITCHELL:

16 the question. 17 A. I don't know. 18 Q.

20 typewritten "Kwok Ho Wan"? 21 A. Yes. 22 Q. Is that Miles Kwok? 23 A. Yes. 24 Q.

25 that's not his signature? Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 24 of 140

2 A. No. 3 Q. And it says here, "The undersigned 4 is forming a corporation under the laws of the 5 British Virgin Islands, such corporation to be 6 known as Genever Holdings Corporation, the

8 Did I read that correctly? 9 A. You're reading from the beginning of 10 the first paragraph? 11 Q. Yes, the first sentence.

Yes. 13 Q. And the undersigned is Mr. Kwok; is 14 that right? 15 A. Correct. Correct.

17 Corporation, correct? 18 A. That's what this document reflects.

20 believe this document that was produced from 21 Mr. Kwok's or Genever's files is inaccurate, do 22 you? 23 A. No. 24 Q. Take a look, please, Mr. Podhaskie, 25 at page KWOK145.

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3 is -- the title of it is "Territory of the 4 British Virgin Island Acts, BVI Companies Act 5 2004, Certificate of Incorporation, Section 7

7 Can you identify this? 8 MR. MITCHELL:

9 the question. 10 A. Yes.

11 the certificate of incorporation for Genever 12 BVI. 13 Q.

14 that this document is not authentic and 15 accurate? 16 A.

17 reviewed in preparation for today, this appears 18 to be an accurate copy. 19 Q.

20 was incorporated in the BVI on February 13, 21 2015? 22 A. Yes, I believe that's correct. 23 Q.

24 forming Genever BVI? 25 A. Guo Qiang.

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2 Q. That's Mr. Kwok's son? 3 A. Correct. 4 Q. Anybody else? 5 A. Not that I'm aware of. 6 Q. Why was Genever BVI formed? 7 A.

8 US-based company that was going to purchase 9 real estate. 10 Q.

11 New York? 12 A. Yes. 13 Q.

14 apartment at The Sherry-Netherland Hotel? 15 A.

16 real estate that Genever purchased. 17 Q.

18 time, there was the thought to buy some real 19 estate in the United States, but they just 20 didn't know exactly what that real estate was 21 going to be? 22 MR. MITCHELL:

23 the question. 24 You can answer. 25 A.

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2 in the United States, and they didn't know 3 which asset they were going to purchase or 4 where they were going to purchase. 5 Q.

6 formation to buy one -- you said which asset 7 they were going to purchase.

9 formation to purchase one asset or several 10 assets? 11 A. I don't know what the plan was.

12 know they had looked at several different

14 Sherry-Netherland. 15 Q.

16 changed since the purpose at its formation? 17 MR. MITCHELL:

18 the question. 19 You can answer. 20 A. No. 21 Q.

22 subtracted? 23 MR. MITCHELL:

24 the question. 25 A.

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2 documents and the conversations I had in 3 preparation for today. 4 Q.

5 conducted? 6 A.

7 the residence at The Sherry-Netherland. 8 Q.

9 has conducted other than owning Genever New 10 York? 11 MR. MITCHELL:

12 the question. 13 A. No. 14 Q.

15 any contracts? 16 A. By contract, can you specify more? 17 I think the answer is yes. 18 Q. Okay. Can you elaborate? 19 A.

20 BVI entered into a pledge agreement with an 21 entity called Roscalitar 2, and also with an 22 entity called Blue Capital Limited. 23 Q.

24 agreements, has Genever BVI entered into any 25 contracts?

2 A.

3 conversations I had in preparation for today. 4 Q.

5 account? 6 A. No. 7 Q.

8 to any other person or entity? 9 MR. MITCHELL:

10 the question. 11 A.

12 entity," who are you referring to? 13 Q.

14 Genever BVI. 15 A.

16 any other person or entity other than Genever 17 BVI? 18 Q. Yeah, to anyone.

19 incurred a debt that it needed to pay money 20 for? Has it ever cut a check?

21 spent any money on any goods or services? 22 A.

23 BVI and paid them for secretarial services. 24 Q. Other than that? 25 A.

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2 from the documents and the conversations I had 3 in preparation for today. 4 Q.

5 from to pay the registered agent for the 6 secretarial services? 7 A. I believe it came from Bravo Luck. 8 Q.

9 money from any person or entity? 10 A.

11 documents that I've reviewed in preparation for 12 today. 13 Q.

14 formation, was Mr. Kwok its sole shareholder? 15 A. Yes.

16 referring to Miles Kwok? 17 Q. Yes. 18 A. Yes. 19 Q.

20 record, thank you for mentioning that, when I 21 refer to Mr. Kwok, I'm going to be referring to 22 Miles Kwok.

23 will be referring to Mr. Kwok's son. 24 Is that okay? 25 A. That's fine.

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2 Q.

3 using those terms during the course of this 4 deposition, right? 5 A. Yeah. That's fine. 6 Q.

7 next page, please, Mr. Podhaskie, which is 8 Bates stamped KWOK147.

9 "Incorporated under the BVI Business Companies 10 Act 2004," and then it says, "Genever Holdings 11 Corporation," in the middle. 12 A. Yes. 13 Q.

14 document? 15 A.

16 share certificate for Genever BVI. 17 Q.

18 true, correct, authentic and accurate document? 19 A.

20 reviewed in preparation for today, it would 21 appear to be an accurate copy. 22 Q.

23 the owner of 1,000 shares, and those shares 24 have a par value of .001 cents; is that 25 correct?

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2 A. I think it's .001 dollar, but yes. 3 Q. Yes. Thank you. 001 dollar? 4 A. Yes. 5 Q. Thank you.

7 share holding in Genever Corporation -- Genever 8 BVI would be one dollar; is that right? 9 MR. MITCHELL:

10 the question. 11 A. If the math adds up, then yes. 12 That's what it appears to say here. 13 Q.

14 shares? 15 A.

16 that's not reflected. 17 Q.

18 any amount of money for his shares, Mr. Kwok? 19 A. I don't know. 20 Q.

21 shareholder of Genever BVI for the entirety of 22 Genever BVI's existence? 23 A.

24 in preparation for today, yes. 25 Q.

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**1 PODHASKIE 2 Genever BVI? 3 MR. MITCHELL: Object to the form of 4 the question. 5 A. He is the sole shareholder of 6 Genever BVI. 7 Q. And are you distinguishing between 8 shareholders and owners because it's a 9 corporation? Is that why? 10 A. Yes. 11 Q. But there is nobody else who owns 12 Genever BVI; is that correct? 13 MR. MITCHELL: Object to the form of 14 the question. 15 A. Other than Mr. Kwok? 16 Q. Yes. 17 A. Based on the documents I reviewed 18 today, there's no other shareholder besides 19 Mr. Kwok. 20 Q. Who is Zhang Wei? 21 A. He is a colleague of Mr. Kwok's that 22 lives in China that ultimately lent the money 23 to purchase The Sherry-Netherland. 24 Q. Is he a family member of Mr. Kwok? 25 A. I would be speculating, so I don't**

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2 know. 3 MR. MITCHELL:

4 not to speculate. 5 Q.

7 Sherry-Netherland, to whom did Zhang Wei lend 8 the money? 9 A.

10 company that, at that time, was owned by 11 Mr. Kwok's son, Guo Qiang, and then Guo Qiang

13 Sherry-Netherland through Bravo Luck. 14 Q.

15 any of the shares of Genever BVI? 16 A.

17 reviewed in preparation for today, his 18 ownership is not reflected on those documents. 19 Q.

20 existence, did Mr. Zhang Wei own any shares of 21 Genever BVI? 22 A.

23 in preparation for today, that is not 24 reflected. 25 Q.

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**1 PODHASKIE 2 Genever BVI at the time it was formed; is that 3 correct? 4 A. Yes. Again, based on what I 5 reviewed for today. 6 Q. Has Genever BVI, during the course 7 of its existence, ever had any directors other 8 than Mr. Kwok? 9 A. Yes. 10 Q. Who were those other directors? 11 A. There was a corporate secretary, a 12 registered agent in the BVI that acted as a 13 director as well. 14 Q. Is that Elian First Director? 15 A. Yes. 16 Q. And was that director -- was Elian 17 First Director only a director for a day or so, 18 until it was replaced by Mr. Kwok? 19 A. I don't know how long it was, but it 20 was a short period of time initially, yes. 21 Q. A day or a couple of days? 22 A. Yes. 23 Q. Other than Elian First Director, 24 which was a director of Genever BVI for a day 25 or a couple of days, has there been any other**

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2 director of Genever BVI besides Mr. Kwok? 3 MR. MITCHELL:

4 the question. 5 You can answer. 6 A. No. 7 Q.

8 director of Genever BVI? 9 A. No. 10 Q. He's still a director to this day? 11 A. He is currently still a director. 12 Q.

13 director? 14 A. He is the only director.

15 is the president. 16 Q.

17 offices? 18 MR. MITCHELL:

19 the question. 20 A.

21 like business office, corporate office, 22 something like that? 23 Q. Yes. 24 A.

25 British Virgin Islands, but it does not have an

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2 office that is what we typically think of as an 3 office like this. 4 Q.

5 or a corporate office? 6 A. Correct. 7 Q.

8 BVI has the mailing address for its registered 9 agent for service of process? 10 A. In the BVI? 11 Q. Yes. 12 A. Yes. 13 Q.

14 Genever hold -- strike that.

16 mailing address other than the mailing address 17 for its registered agent for service of process 18 in the BVI? 19 A. Yes. 20 Q. What other addresses does it have? 21 A.

22 Kong where it maintains its books and records. 23 Q. And what is that address? 24 A.

25 head.

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2 would be able to find it. 3 Q. And what is that address?

4 office of another company? 5 A.

6 just another mailing address or another -- just 7 an office where they keep the books and 8 records. 9 Q.

10 the books and records? 11 A. Guo Qiang. 12 Q.

13 registered agent for service of process in the 14 BVI and the mailing address where the books and 15 records are kept in Hong Kong? 16 A. No, not that I'm aware of. 17 Q.

18 employees? 19 A. No. 20 Q.

21 number? 22 A.

23 the registered agent, but other than that, no. 24 Q.

25 address?

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2 A. No. 3 Q. Does Genever BVI have any officers? 4 A. Yes. 5 Q. You mentioned Guo Qiang. 6 A. Yes. 7 Q. What is his role at Genever BVI? 8 A. He is the president. 9 Q. When did he become the president? 10 A. May of 2015. 11 Q.

12 from the time it was formed in February of 2015 13 until Guo Qiang became the president in May of 14 2015? 15 A.

16 officer, then yes. 17 Q. And that would have been Mr. Kwok? 18 A. Correct. 19 Q. And Elian for a day or two? 20 A. Yes. 21 Q.

22 than -- strike that.

24 February of 2015, when it was formed, and May 25 of 2015, when Guo Qiang became president, did

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2 Genever BVI have any officers? 3 A. No. 4 Q.

5 as president in May of 2015? 6 A. Mr. Kwok. 7 Q. Has -- strike that.

9 officers, I'm not talking about directors, just 10 officers, other than Guo Qiang, the president? 11 A. No. 12 Q. Is Guo Qiang still the president? 13 A.

14 in preparation for today, yes. 15 Q.

16 appointed president by Mr. Kwok, and today, has 17 Guo Qiang ever -- did he ever stop being 18 president for any period of time? 19 A. Not that I'm aware of. 20 Q.

21 role at Genever BVI? 22 A. Not that I'm aware of. 23 Q.

24 officers besides Guo Qiang? 25 A. Yes. Correct.

2 Q.

3 meeting? 4 MR. MITCHELL:

5 the question. 6 A.

7 it's not reflected in there. 8 Q.

9 the answer to that question is no? 10 MR. MITCHELL:

11 the question. 12 A.

13 it was not reflected in the documents I 14 reviewed for today's preparation. 15 Q.

16 maintain? 17 MR. MITCHELL:

18 the question. 19 A.

20 generated when it was formed, the share 21 certificate, the register of directors and 22 shareholders, and there was a resolution 23 appointing Guo Qiang as president as well. 24 Q.

25 where those documents are maintained, but

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2 you're not sure if it's an office or a room or 3 what it is? 4 A. Yes. 5 Q. Do you know whether or not -- do you 6 know who owns that address, the address in Hong 7 Kong where the records are maintained? 8 A. I believe it's a UBS office, but I'm 9 speculating. 10 MR. MITCHELL:

11 witness not to speculate. 12 Q. UBS meaning the investment bank? 13 A. Yes. 14 Q. Are there any individuals who are 15 authorized to act on behalf of Genever BVI? 16 MR. MITCHELL:

17 the question. 18 A. Yes. 19 Q. Who? 20 A. Mr. Kwok and Guo Qiang.

21 this deposition. And whoever either one of 22 them appoints to act for the company.

24 ever appointed anyone to act for Genever BVI 25 other than you in connection with this

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2 deposition? 3 A. I don't know.

4 MR. MITCHELL:

5 form of that question. 6 Q.

7 act for Genever BVI for this deposition? 8 A. Guo Qiang. 9 Q.

10 Genever BVI for any purpose other than this 11 deposition currently? 12 MR. MITCHELL:

13 the question. 14 A. I don't know. 15 Q.

16 behalf of Genever BVI? 17 MR. MITCHELL:

18 the question. 19 You can answer. 20 A.

21 formation documents, I don't know. 22 Q.

23 behalf of Genever BVI? 24 MR. MITCHELL:

25 the question.

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2 A.

4 specific? 5 Q.

6 ever done anything, ever attended a meeting, 7 spent money, engaged in any type of business 8 interaction at all ever on behalf of Genever 9 BVI? 10 MR. MITCHELL:

11 the question. 12 A. He was involved in the formation. 13 He was involved in the purchase of The Sherry, 14 in reviewing the different properties that they 15 thought about purchasing.

16 documents for Genever BVI.

18 Sherry-Netherland for the purchase.

19 communicated with the real estate brokers for 20 the purchase. 21 Q.

22 documents for Genever BVI, which documents are 23 you referring to? 24 A.

25 employer -- an EIN, employer identification

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 45 of 140

2 number. 3 MR. MITCHELL:

4 asking you about Genever BVI. 5 THE WITNESS: Oh, okay. 6 A.

7 New York.

9 MR. MOSS:

10 clarification. 11 Q. Let's just go back.

13 involved in the formation, he was involved in 14 the purchase of The Sherry, and you had -- if 15 you want to go back and take a look at that 16 answer, that's fine, but I just want to make 17 sure the record is clear.

19 New York or Genever BVI? 20 A.

21 clear, Guo Qiang was involved in the formation 22 of Genever BVI.

23 president, I recall seeing several documents 24 that he signed for Genever BVI in his capacity 25 as president.

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 46 of 140

2 as I sit here.

4 anything. 5 Q.

6 Genever New York; is that correct? 7 MR. MITCHELL:

8 the question. 9 A. Yes. 10 Q.

11 of Genever New York? 12 A. Yes. 13 Q.

14 York -- strike that.

16 formed Genever New York? 17 A. Yes.

18 I believe that's accurate. 19 Q.

20 Mr. Podhaskie, to Exhibit 3, page KWOK193. 21 It's a document entitled "Genever Holdings 22 Corporation Written Consent of Director."

23 Bates stamped KWOK193 to 194. 24 Can you identify this document? 25 A.

Yes.

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 47 of 140

2 Q. Please do so. 3 A.

4 in preparation for today, this appears to be a 5 copy of Genever BVI's written consent of sole 6 director, dated February 12, 2015. 7 Q.

8 Kwok. 9 Is that Mr. Kwok? 10 A. Yes. 11 Q.

12 that this is not an accurate and authentic 13 document? 14 A. No. 15 Q.

16 S-A-N-F-T. 17 Who is she? 18 A.

19 of Paul Weiss or Williams & Connolly. 20 Q.

21 authorized person on behalf of Genever BVI 22 according to this written consent; is that 23 correct? 24 A. Yes, that's correct. 25 Q.

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 48 of 140

2 authorized person to form Genever New York and 3 to take such other acts and do such other 4 things as are necessary to permit Genever New 5 York to exist and obtain authority to do 6 business in the state of New York and New York 7 City; is that correct? 8 MR. MITCHELL:

9 the question. 10 You can answer. 11 A.

12 of the sole director, that's accurate. 13 Q.

14 Genever BVI? 15 MR. MITCHELL:

16 the question. 17 A.

18 limited liability company is an asset, then 19 yes. 20 Q.

21 ownership of a limited liability company is an 22 asset? 23 A. That is my personal understanding.

25 for Genever, I don't know. Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 49 of 140

2 Q.

3 Genever BVI has an understanding as to whether 4 or not Genever New York is one of its assets? 5 MR. MITCHELL:

6 the question. 7 A. So what is the question? 8 Q.

9 Genever BVI? 10 A.

11 New York an asset? 12 Q. Yes. 13 A. Yes. 14 Q.

15 York to be one of Genever BVI's assets? 16 A. Correct. 17 MR. MITCHELL:

18 the question, asked and answered. 19 Q.

20 other than Genever New York? 21 A.

22 in preparation for today, no. 23 Q.

24 asset other than Genever New York? 25 A.

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 50 of 140

2 preparation for today, no. 3 Q.

4 other than Genever New York? 5 MR. MITCHELL:

6 the question. 7 A.

8 preparation for today, no. 9 Q.

10 currently encumbered or pledged? 11 MR. MITCHELL:

12 the question. 13 A.

14 I can answer because it's a little complicated. 15 The assets are not pledged.

16 assets are not pledged to anyone. 17 Q.

18 talking about when we're talking about assets.

20 assets other than Genever New York? 21 A. Yes, they have their shares. 22 Q. Whose shares? 23 A. Genever BVI. 24 Q.

25 shares?

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 51 of 140

2 A. Yes. 3 MR. MITCHELL:

4 the question. 5 Q. So my question is, does Genever BVI 6 itself hold any assets other than Genever New 7 York? 8 A. No.

10 encumbered? 11 MR. MITCHELL:

12 the question. 13 A. What do you mean by "encumbered"? 14 Q. Is it currently pledged to anyone? 15 A. No. 16 Q. Does anyone currently have a lien 17 against it? 18 A. No. 19 Q. Has it been promised to anybody in

21 transaction? 22 MR. MITCHELL:

23 the question.

25 Ostrager in the case indicating that if Genever

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 52 of 140

2 New York has to -- enters into a contract to 3 sell The Sherry-Netherland residence, it has to 4 provide PAX with written notice. 5 Q.

6 is Genever New York encumbered in any way? 7 MR. MITCHELL:

8 the question. 9 A. No, not that I'm aware of. 10 Q.

11 in time where the assets of Genever BVI were 12 pledged -- strike that.

14 anyone? 15 MR. MITCHELL:

16 the question. 17 A. No. 18 Q.

19 when Genever BVI's assets were pledged to an 20 entity called Roscalitar 2; is that correct? 21 MR. MITCHELL:

22 the question. 23 A.

24 its shares to Roscalitar 2, but yes. 25 Q.

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 53 of 140

2 York? 3 A. Its shares in Genever BVI. 4 Q.

5 100 percent of its shares to Roscalitar 2? 6 A. Yes, I believe that's accurate. 7 Q.

8 percent of its own shares, it was also pledging 9 Genever New York and the assets held by Genever 10 New York; is that correct? 11 A. Yes. 12 Q.

13 Genever BVI shares pledged to Roscalitar 2? 14 MR. MITCHELL:

15 the question. 16 A.

17 to pledge its shares via the loan. 18 Q.

19 pledge its shares? 20 A.

21 gave to Genever ultimately to buy the 22 residence. 23 Q.

24 shares of Genever BVI to Roscalitar 2? 25 MR. MITCHELL: Object to the form.

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 54 of 140

2 A. On behalf of Genever? 3 Q. Yes. 4 A. Guo Qiang. 5 Q.

6 decision? 7 A. I believe he was.

8 certain. 9 Q.

10 time it was entered into? 11 A. I believe so. 12 MR. MITCHELL:

13 witness. He said I believe.

14 speculate.

16 Q.

17 any official activity to commemorate the pledge 18 to Roscalitar 2? 19 A.

20 preparation for today. 21 Q. Is Roscalitar 2 owned by Zhang Wei? 22 A. I don't know. 23 Q. Is it controlled by Zhang Wei? 24 A. I don't know. 25 Q.

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 55 of 140

2 Roscalitar 2? 3 A. No. 4 Q.

5 Roscalitar 2 was taken off; is that correct? 6 A. Yes. 7 Q.

8 2015; is that right? 9 A. When the pledge was taken off?

10 have to review the dates, but it sounds 11 somewhere around that time. 12 Q.

13 taken off? 14 A. I don't know. 15 Q.

16 activity, formal corporate resolution around 17 that? 18 A.

19 preparation for today. 20 Q.

21 later, after the pledge to Roscalitar was taken 22 off, Genever BVI shares were pledged to a 23 company called Blue Capital; is that correct? 24 A. Yes. 25 Q.

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 56 of 140

2 Blue Capital? 3 A.

4 loan facility and he wanted to pledge the 5 shares of Genever BVI to Blue Capital as 6 security for a loan facility. 7 Q. What was the loan for? 8 A.

9 other kinds of investments. 10 Q.

11 Blue Capital? 12 A. No. 13 Q.

14 decision to pledge Genever BVI's shares to Blue 15 Capital? 16 A. I don't know. 17 Q. Did he know about the pledge? 18 A. I don't know. 19 Q.

20 some point taken off? 21 A. Yes, I believe so. 22 Q. Why? 23 A. I don't know. 24 Q.

25 Genever BVI; is that correct? Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 57 of 140

A. Yes.

Q.

Exhibit 4.

Can you identify this document?

A.

be a copy of the pledge from Genever BVI to

Roscalitar 2.

Q. And it was put on on May 21, 2015;

is that correct?

A. Yes.

Q.

to prepare for this deposition, does this

appear to be a true and correct copy of the

registration of charge?

A.

Yes.

Q.

is that a document that Genever BVI would have

business?

A. Yes.

Q.

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 58 of 140

2 exhibits that I've shown you today, other than 3 Exhibits 1 and 2, so Exhibits 3 and 4 are also 4 documents that would have been retained by 5 Genever BVI in the ordinary course of its 6 business? 7 MR. MITCHELL:

8 you, for the record, you asked him about 9 4, he said yes.

11 about 3 now, correct? 12 MR. MOSS: Yes. 13 Q. If you can flip through 3.

14 those documents that Genever BVI or Genever New 15 York maintained in the ordinary course of its 16 business? 17 A.

Yes.

19 Satisfaction or Release of Registered 20 Charge Pursuant to Section 165, marked for

22 Q.

24 Satisfaction or Release of Registered Charge 25 Pursuant to Section 165.

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 59 of 140

3 please? 4 A.

5 Notice of Satisfaction or Release of Registered 6 Charge dated May -- sorry -- March 17, 2017. 7 Q.

9 satisfaction of charge? 10 A.

11 for today, yes. 12 Q.

13 BVI would have maintained in the ordinary 14 course of its business? 15 A. Yes. 16 Q.

17 BVI's testimony that the pledge to Roscalitar 2 18 was taken off on March 17, 2017? 19 MR. MITCHELL:

20 the question. 21 A. Yes. 22 Q.

23 BVI ever again pledged to Roscalitar 2? 24 A.

25 in preparation for today, no. Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 60 of 140

Q.

Exhibit 6, which is Defendant's Memorandum of

Law in Opposition to Plaintiff's Motion for an

Order of Pre-Judgment Attachment filed by

Hodgson Russ LLP on behalf of the defendant.

before?

A. Yes.

Q.

to page 9, and I would like to direct your

attention -- you see the paragraph that starts

"As explained"?

A. Which page -- which number 9?

Q. Sure. It's 9 or 15 of 30.

A. Okay. Yes.

Q.

three, four, five -- six lines down.

A. Uh-huh.

Q.

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 61 of 140

2 with "While Kwok"? 3 A. Yes. 4 Q.

5 of Genever BVI, since May of 2015, the assets 6 of Genever BVI -- which by virtue of its

8 apartment -- have been pledged in their 9 entirety to Roscalitar 2, an unrelated third

11 Do you see that? 12 A. Yes. 13 Q.

14 see that this document is dated May 16 of 2018? 15 A. Yes. 16 Q.

17 Genever BVI were not, in fact, pledged to 18 Roscalitar 2; is that correct? 19 MR. MITCHELL:

20 the question. 21 A.

22 Genever BVI pledge to Roscalitar 2 was removed 23 effective March 17, 2017, if I'm not mistaken. 24 Q.

25 that correct? Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 62 of 140

2 MR. MITCHELL:

3 the question. 4 A.

5 charge was publicly available to Hodgson Russ 6 when they filed this brief. 7 Q. So try to focus on the question. 8 I'm not asking you whether or not Hodgson Russ 9 knew that the statement was false.

11 this statement, when it was made to the court 12 on May 16, 2018, was true or false. 13 MR. MITCHELL:

14 the question. 15 A.

16 release of the charge was not publicly 17 available and was not known to Hodgson Russ, 18 then this statement would have been accurate. 19 Q. Let me try it again. 20 Was this statement true or false? 21 MR. MITCHELL:

22 the question. 23 Q. When it was made on May 16, 2018? 24 MR. MITCHELL: Asked and answered. 25 A.

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 63 of 140

2 to is? 3 Q.

4 assets of Genever BVI have been pledged in 5 their entirety to Roscalitar 2 since May 2015. 6 A.

7 answer. 8 Q.

9 statement, correct? 10 MR. MITCHELL:

11 the question. 12 A.

13 statement"? 14 Q.

15 May 16, 2018, that the assets of Genever BVI 16 were pledged to Roscalitar 2, right? 17 A.

18 effective date of March 17, 2017.

19 when this was filed with the BVI records or 20 with the BVI Business Companies Act.

22 in May of 2018 that would have reflected 23 whether or not the assets were still pledged. 24 Q.

25 pledged to Roscalitar 2 as of May 16, 2018? Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 64 of 140

2 MR. MITCHELL:

3 of the question, asked and answered.

5 six times.

6 you want. I'm sorry for that.

7 answered it. 8 MR. MOSS: He hasn't answered it. 9 A. Okay. So what was the question? 10 Q.

11 pledged to Roscalitar 2 as of May 16, 2018? 12 A.

13 Roscalitar 2 was released effective March 17, 14 2017. 15 Q.

16 right? 17 MR. MITCHELL:

18 the question. 19 A. What was your question? 20 Q.

21 answer the question I'm asking.

22 question I was asking if you were trying to 23 answer it. 24 MR. MITCHELL:

25 that was. Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 65 of 140

2 Q.

3 pledged to Roscalitar 2 as of May 16, 2018? 4 MR. MITCHELL:

5 answered. 6 A.

7 from Genever BVI was released effective 8 March 17, 2017.

9 question. 10 Q.

11 New York review this brief before it was filed 12 with the court? 13 MR. MITCHELL:

14 the question.

15 scope of what you asked him in terms of 16 your deposition notices.

17 him about any legal documents filed or 18 anything of that nature.

21 certainly can't be expected to have that 22 knowledge. 23 Q. Can you answer? 24 A. I don't know. 25 Q.

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 66 of 140

2 BVI received -- you testified earlier that the 3 satisfaction of charge document was maintained 4 by Genever BVI in the ordinary course of its 5 business, right? 6 A. Yes. 7 Q.

8 received a copy of that document? 9 A. I don't. 10 Q.

11 that it took a year for Genever BVI to receive 12 a copy of that document? 13 A.

14 them to receive the document. 15 Q.

16 Genever BVI, when you say it maintained the 17 document in its ordinary course, would have had 18 that document in its files by the end of 2017? 19 MR. MITCHELL:

20 the question. 21 A.

22 experience with lawyers and people in the BVI, 23 they do things much slower than we do. 24 Q.

25 satisfaction of charge of the Roscalitar pledge Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 67 of 140

2 was publicly available in 2017? 3 A. I don't know. 4 Q.

5 that it takes a year for documents registered 6 in -- relating to charges in the BVI to become 7 publicly available, is it? 8 MR. MITCHELL:

9 the question.

11 scope of the 30(b)(6) notice.

12 knows, he can answer, but he certainly 13 can't be expected to know. 14 A. I don't know how long it takes.

18 Q.

19 Mr. Podhaskie. 20 Can you identify this document? 21 MR. MITCHELL: I'm sorry.

22 calling this 7? 23 MR. MOSS: Yes. 24 A.

25 a copy of a Certificate of Registration of Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 68 of 140

2 Charge dated February 14, 2018. 3 Q.

4 to Blue Capital that you testified that was 5 made in connection with Guo Qiang's loan? 6 A. It would appear to be, yes. 7 Q.

8 Genever BVI's knowledge, is this a true and 9 accurate copy of the pledge document? 10 A.

11 to be. 12 Q.

13 BVI maintains in the ordinary course of its 14 business? 15 A. This would be, yes. 16 Q.

17 it's not sure whether or not its sole director 18 and sole shareholder, Mr. Kwok, knew about this 19 pledge when it was entered into? 20 MR. MITCHELL:

21 the question. 22 You can answer. 23 A. I don't know. 24 Q.

25 question? Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 69 of 140

2 A. Probably Mr. Kwok. 3 Q.

4 that he didn't know anything about any pledges, 5 right? Did you know that? 6 MR. MITCHELL:

7 the question. 8 A. If that's what his testimony was.

9 don't recall exactly what he testified to. 10 Q.

11 into, Mr. Kwok was still the sole shareholder 12 and sole director of Genever BVI, right? 13 A. Yes. 14 Q.

15 Genever BVI regarding the fact that this 16 charge, this pledge was entered into when 17 Pacific Alliance's lawsuit was pending? 18 MR. MITCHELL:

19 of the question. 20 A. Not that I'm aware of. 21 Q.

22 Capital pledge, at some point, was taken off or 23 satisfied; is that correct? 24 A. That's my understanding, yes. 25 Q.

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 70 of 140 **1 PODHASKIE 2 me just ask, what was the reason for it being 3 taken off? 4 A. I don't know. 5 Q. Was it taken off -- was the 6 reason -- strike that. 7 Was it taken off for anything having 8 to do with Pacific Alliance's lawsuit? 9 MR. MITCHELL: Object to the form of 10 the question. 11 A. I don't know. 12 Q. Was it taken off for anything having 13 to do with The Sherry-Netherland's proprietary 14 lease? 15 MR. MITCHELL: Object to the form of 16 the question. 17 A. I don't know. 18 Q. Were the pledges in violation of 19 Genever New York's proprietary lease with The 20 Sherry-Netherland? 21 MR. MITCHELL: Object to the form of 22 the question. It calls for a legal 23 conclusion. 24 A. No. 25 Q. Did Genever -- no. Okay.** Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 71 of 140

5 Q.

6 Mr. Podhaskie. 7 Can you identify it, please? 8 A.

9 Notice of Satisfaction or Release of Registered 10 Charge. It's dated effective June 12, 2018. 11 Q.

12 Blue Capital charge that we were just talking 13 about? 14 A. Yes. 15 Q.

16 authentic copy of the satisfaction of charge? 17 MR. MITCHELL:

18 the question. 19 A. It would appear to be, yes. 20 Q.

21 maintained by Genever BVI in the ordinary 22 course of its business? 23 MR. MITCHELL:

24 the question. 25 A. Yes, it would be. Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 72 of 140

2 Q.

3 about discussions around this or why this 4 pledge was taken off, right? 5 A.

6 off. 7 Q.

8 spoke to him to prepare for the deposition, why 9 this pledge was taken off? 10 A. No. 11 Q.

13 transferring ownership of Genever BVI to anyone 14 other than Mr. Kwok? 15 MR. MITCHELL:

16 the question. 17 A. I don't know.

18 of. 19 Q.

21 Sherry-Netherland to ask whether or not the 22 ownership of Genever BVI could be restructured 23 and assigned to Mr. Kwok's son? 24 MR. MITCHELL:

25 the question. Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 73 of 140

2 A. No, not on behalf of Genever BVI. 3 Q. On behalf of anyone?

4 ever any -- was there ever a request to The 5 Sherry-Netherland to transfer or assign 6 ownership of Genever BVI or Genever New York or 7 The Sherry-Netherland to Mr. Kwok's son? 8 MR. MITCHELL:

9 the question. 10 A.

11 Sherry-Netherland to transfer ownership from 12 Mr. Kwok to Guo Qiang, his son. 13 Q. To transfer ownership of what? 14 A. The Sherry-Netherland. 15 Q. And when was that request made? 16 A.

17 of my head. 18 Q.

19 request? 20 A. I believe Guo Qiang. 21 Q. Why was the request made? 22 A.

23 purchase The Sherry-Netherland himself and The 24 Sherry didn't like the idea of someone his age 25 at the time, you know, a mid 20-year-old,

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 74 of 140

2 owning this residence.

3 became the owner and then they had the idea of, 4 after the fact, maybe approaching the board and 5 seeing if Guo Qiang could become the owner. 6 Q.

7 request? 8 A. Yes, I think he was aware of it. 9 Q.

10 The Sherry-Netherland? 11 A. Who specifically, no. 12 Q.

13 discussions about transferring ownership of

15 Sherry-Netherland to anyone other than 16 Mr. Kwok? 17 MR. MITCHELL:

18 the question. 19 A. I don't know. 20 Q.

21 talked about, about the pledges? 22 A. Yes. 23 MR. MITCHELL: Sorry.

24 record, I just want to make sure.

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 75 of 140

2 you understood his question to mean only 3 discussions about the pledges, correct, 4 not, yes, there were other -- the record 5 is just not clear.

7 MR. MOSS: Let me try it again. 8 MR. MITCHELL: Yeah. 9 Q.

10 talked about to Roscalitar 2 and Blue Capital, 11 and other than the request to transfer 12 ownership of The Sherry-Netherland to 13 Mr. Kwok's son, were there ever any discussions 14 about pledges, transfers or assignments of 15 either Genever BVI, Genever New York or The 16 Sherry-Netherland? 17 A.

18 Bravo Luck, but other than that, I don't know. 19 Q.

20 ownership interest in The Sherry-Netherland 21 apartment? 22 MR. MITCHELL:

23 the question. 24 A. No, that's not accurate. 25 Q.

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 76 of 140

2 Sherry-Netherland apartment through his 3 ownership of Genever BVI which, in turn, owns 4 Genever New York which, in turn, owns the 5 apartment? 6 MR. MITCHELL:

7 the question. 8 A. No, that's not accurate. 9 Q. Okay.

10 ownership interest in the apartment is through 11 a limited liability company? 12 MR. MITCHELL:

13 the question. 14 A. That's not accurate. 15 Q.

16 deposition. 17 MR. MOSS: Sorry.

18 extra copies, but we handed it out today 19 during Mr. Kwok's deposition. 20 THE VIDEOGRAPHER:

21 three minutes left on the tape. 22 We are now off the record.

23 is 4:25 p.m.

25 THE VIDEOGRAPHER:

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 77 of 140

2 beginning of tape number two.

3 back on the record. The time is 4:38 p.m. 4 BY MR. MOSS: 5 Q.

6 you Yvette Wang's, Yan Ping Wang's affidavit 7 submitted in this case on May 16, 2018 or -- 8 it's sworn on May 15, and the ECF stamp is 9 May 16. 10 Do you see that? 11 A. Yes. 12 Q.

13 deposition earlier today.

15 not Mr. Kwok has an ownership interest in the 16 apartment through a limited liability company 17 and you testified, no, he does not? 18 Do you recall that testimony? 19 A. Yes. 20 Q. Take a look at paragraph 2.

21 first sentence reads, "Mr. Kwok's ownership 22 interest in the apartment through a limited 23 liability company is not in real property."

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 78 of 140

2 Sherry-Netherland apartment through a limited 3 liability company? 4 MR. MITCHELL:

5 the question. 6 A.

7 interest in the apartment.

8 interest in The Sherry-Netherland Corporation, 9 which then leases the real property to Genever 10 New York. 11 Q.

12 in The Sherry-Netherland Corporation? 13 A.

14 of The Sherry-Netherland Corporation, is that 15 what you're referring to? 16 Q.

17 interest in The Sherry-Netherland Corporation. 18 A. Yes. 19 Q.

20 ownership interest in The Sherry-Netherland 21 Corporation? 22 A. Yes. 23 Q.

24 to the apartment on the 18th floor? 25 MR. MITCHELL:

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 79 of 140 **1 PODHASKIE 2 the question. 3 A. He has a proprietary lease to the 4 apartment on the 18th floor, yes. 5 Q. That's related to that ownership 6 interest -- 7 A. Yes. 8 Q. -- in The Sherry-Netherland 9 Corporation, right? 10 A. Yes. 11 Q. And Mr. Kwok owns that interest in 12 The Sherry-Netherland Corporation shares 13 through Genever New York and through Genever 14 BVI, right? 15 MR. MITCHELL: Object to the form of 16 the question. 17 A. Yes. 18 Q. Does anyone else, other than 19 Mr. Kwok, Miles Kwok, have an ownership 20 interest in the shares of The Sherry-Netherland 21 Hotel with respect to the 18th floor apartment? 22 A. I don't know. 23 Q. As Genever BVI and Genever New 24 York's corporate representative, can you 25 identify anyone else, sitting here today?** Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 80 of 140

2 MR. MITCHELL:

3 the question. 4 A. Sitting here in this room? 5 Q. Yeah. 6 A.

7 MR. MITCHELL:

8 objection. 9 MR. MOSS: Okay.

10 happens when you depose a lawyer. 11 MR. MITCHELL:

12 several people in the room will gladly 13 accept an ownership share in The Sherry. 14 Q.

15 York's corporate representative here today, can 16 you identify anyone else who has an ownership 17 interest in the shares of The Sherry-Netherland 18 Hotel with respect to the 18th floor apartment 19 beside Mr. Miles Kwok? 20 MR. MITCHELL:

21 the question. 22 A. I don't know. 23 Q. Does Mr. Kwok -- strike that.

25 Sherry-Netherland apartment on the 18th floor? Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 81 of 140

2 MR. MITCHELL:

3 the question.

5 primary residence?

7 for extended periods of time? 8 A. Yes. 9 Q. Has The Sherry-Netherland Hotel ever 10 been Guo Qiang's primary residence? 11 A. Yes. 12 Q. When? 13 A. I'm speculating, but I think it was 14 in 2015.

16 been -- strike that.

18 Sherry-Netherland Hotel ever been Guo Qiang's 19 primary residence? 20 A. I don't know. 21 Q. Has he ever visited since 2015? 22 MR. MITCHELL: Object to the form. 23 MR. MOSS: Let me try it again. 24 Strike it.

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 82 of 140

2 Sherry-Netherland apartment since 2015? 3 A.

4 know, with certainty.

5 with him, so. 6 Q.

7 Mr. Podhaskie, and I would like to direct your 8 attention to page KWOK193. 9 A. Okay. 10 Q.

11 it refers to Genever BVI being the sole member 12 of Genever New York.

14 Genever New York? 15 A.

16 the sole director of Genever Holdings

18 Q.

19 resolution. See "Resolved, that Andrea Sanft"? 20 Do you see that? 21 A. Yes, yes. 22 Q.

23 that paragraph.

24 complete such actions, the corporation," and 25 the corporation refers to Genever BVI?

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 83 of 140 **1 PODHASKIE 2 A. Uh-huh. 3 Q. "As sole member of Genever New 4 York." 5 Do you see that? 6 A. Yes. 7 Q. Is Genever BVI the sole member of 8 Genever New York? 9 A. Yes. 10 Q. Has Genever BVI been the sole member 11 of Genever New York since Genever New York's 12 foundation? 13 MR. MITCHELL: Object to the form of 14 the question. 15 A. Yes. 16 MR. MOSS: Well, that's because it's 17 a bad question. 18 Q. Has Genever BVI been the sole member 19 of Genever New York's since Genever New York's 20 formation? 21 A. Yes. 22 Q. If you look at the third resolution 23 there, there's a resolution relating to Michael 24 O'Connor. 25 A. Uh-huh.** Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 84 of 140

2 Q. Who is Michael O'Connor? 3 A.

4 firm of Paul Weiss or Williams & Connolly.

5 not sure.

6 positive. 7 Q.

8 form Genever New York, and Mr. O'Connor was 9 authorized to cause Genever New York, once 10 formed, to enter into a purchase agreement with 11 The Sherry-Netherland; is that correct? 12 MR. MITCHELL:

13 the question. 14 A. Yes. 15 Q.

16 that once Genever New York was formed, it would 17 enter into a purchase agreement with The 18 Sherry-Netherland relating to the 18th floor, 19 correct? 20 MR. MITCHELL:

21 the question. 22 A. Yes. 23 Q.

24 New York was to enter into that agreement with 25 The Sherry-Netherland? Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 85 of 140

2 MR. MITCHELL:

3 the question. 4 A. That was one of the purposes, yes. 5 Q. What were the other purposes? 6 A.

7 they deemed fit. 8 Q.

9 were formed within days of each other, right? 10 A. Yes, around the same time. 11 Q.

12 other purposes to invest in other real estate 13 as they deemed fit.

16 Sherry-Netherland Hotel? 17 A. No. 18 Q.

19 were both formed to hold Mr. Kwok's interest in 20 The Sherry-Netherland apartment? 21 MR. MITCHELL:

22 the question. 23 A. That's not accurate. 24 Q. Okay. What's inaccurate about it? 25 A.

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 86 of 140

2 son, wanted to purchase the apartment at The 3 Sherry-Netherland.

4 corporations with the understanding that he

6 Sherry-Netherland did not like the idea of Guo 7 Qiang being the owner because they felt that he 8 was too young. 9 Q.

10 New York and Genever BVI were formed to hold 11 Guo Qiang's interest in The Sherry-Netherland, 12 but Mr. Kwok just ended up being the owner 13 because that's what The Sherry-Netherland 14 wanted? 15 A.

16 estate that Guo Qiang and the family wanted to 17 invest in.

18 of Genever BVI, and as the sole member of 19 Genever BVI, the owner of Genever New York 20 because The Sherry-Netherland felt that Guo 21 Qiang was too young to be the owner of this 22 particular apartment. 23 Q.

24 of Exhibit 3. 25 Can you identify this document? Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 87 of 140

2 A.

3 like a printout from the New York State 4 Department of State, the corporations public 5 inquiry system for Genever Holdings LLC. 6 Q.

7 entity we have been referring to as Genever New 8 York, right? 9 A. Yes. 10 Q.

11 New York being incorporated in New York 12 effective February 17, 2015; is that correct? 13 A. That's what this says, yes. 14 Q.

15 understanding, right? 16 A. Yes. 17 Q.

18 about five days after Genever BVI was formed? 19 A.

20 were formed around the same time. 21 Q.

22 I told you a few minutes ago we looked at 23 documents showing that Genever BVI was formed 24 on February 12? 25 A. No.

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 88 of 140

2 at? 3 Q. Why don't you take a look at 145? 4 MR. SARNOFF: Of Exhibit 3. 5 A.

6 formed -- according to this, it was formed 7 February 13, 2015. 8 Q.

9 February 13, 2015, and Genever New York was 10 formed on February 17, 2015, right? 11 MR. MITCHELL:

12 the question. 13 A. Yes, based on these documents. 14 Q. So four days apart? 15 A. That would be correct. 16 Q.

17 was formed to enter into the agreement with The 18 Sherry-Netherland Hotel, correct? 19 MR. MITCHELL:

20 the question, asked and answered. 21 A. Yes, that was one of the purposes. 22 Q.

23 New York changed over time? 24 A. No. 25 Q.

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 89 of 140

2 subtracted? 3 A. No. 4 Q. What business has Genever New York 5 conducted since it was formed in February 2015?

7 apartment. 8 Q. Any other business? 9 A. No. 10 Q. Has Genever New York ever entered 11 into a contract other than its contracts with 12 The Sherry-Netherland Hotel? 13 A. I don't know. 14 Q. Has Genever New York ever spent or 15 disbursed any money? 16 A. Yes. 17 Q. To whom? 18 A. The Sherry-Netherland. 19 Q. For maintenance fees? 20 A. Yes. 21 Q. Anything else? 22 A. I think that's it. 23 Q. Does The Sherry-Netherland -- has 24 Genever New York spent any money on anything 25 else other than to The Sherry-Netherland for

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 90 of 140

2 maintenance fees? 3 A. Not that I know of. 4 Q.

5 have a bank account? 6 A. Yes. 7 Q. With which bank? 8 A. Chase. 9 Q. When was that formed? 10 A. 2018. 11 Q.

12 payments to The Sherry-Netherland come from 13 that bank account? 14 A. Yes. 15 Q. How is that bank account funded? 16 A.

17 New York. 18 Q. Who owns Golden Spring New York? 19 A.

20 Limited. 21 Q.

22 Hong Kong Limited? 23 A. Guo Qiang. 24 Q.

25 China Golden Spring Group Hong Kong Limited?

2 MR. MITCHELL:

3 the question. 4 A. No. 5 Q.

6 have a bank account? 7 A. Before what year? 8 Q. 2018. 9 A. I don't know. 10 Q.

11 maintenance to The Sherry-Netherland before 12 2018? 13 A. Yes. 14 Q. Where did that money come from? 15 A.

16 New York. 17 Q.

18 New York, ever put any money into Genever New 19 York's bank account? 20 A. I don't know. 21 Q.

22 York did not have any bank account prior to 23 2018? 24 MR. MITCHELL:

25 the question.

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 92 of 140

2 A. I don't know. 3 Q.

4 formed a bank account in 2018? 5 A. I don't know. 6 Q.

7 into Genever New York's bank account other than 8 money from Golden Spring that was meant to pay 9 the maintenance to The Sherry-Netherland hotel? 10 A. I don't know. 11 Q.

12 parties to this lawsuit. 13 You're aware of that? 14 A. Yes. 15 Q.

16 were represented by the Hodgson Russ firm up 17 until a few weeks ago; is that right? 18 A. That's correct. 19 Q.

20 Mr. Mitchell's firm; is that correct? 21 A. Yes. 22 Q.

23 Genever BVI's legal fees to Hodgson Russ? 24 MR. MITCHELL:

25 the question. Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 93 of 140

2 A. I don't know. 3 Q.

4 Genever New York's legal fees to Mr. Mitchell's 5 firm? 6 MR. MITCHELL:

7 him not to answer, privilege. 8 MR. MOSS:

9 privileged?

MR. MITCHELL: Potentially.

11 asserting privilege.

12 argument it's not. 13 Q.

14 counsel's instruction? 15 A.

16 instruction. 17 Q.

18 paying Genever BVI and Genever New York's legal 19 fees in connection with this lawsuit? 20 A. He's not. 21 Q. But you don't know who is? 22 A. No. 23 Q.

24 The Sherry-Netherland Hotel a few years ago in 25 a dispute relating to maintenance of his

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 94 of 140

2 terrace.

3 Does that sound familiar? 4 A. Yes. 5 Q.

6 were represented by the same law firm -- 7 A. Yes. 8 Q. -- in that lawsuit? 9 Who paid that law firm's legal fees? 10 A. I don't know. 11 MR. MITCHELL:

12 clarification of the record, do you have 13 the name of the firm?

15 Hodgson Russ, I just want to make sure -- 16 when you say the same firm, you mean they 17 both had the same attorney, not that it 18 was one of either of our firms, correct? 19 MR. MOSS: Correct. 20 Q.

21 name of the firm? 22 A.

23 Mr. Kwok in the prior lawsuit against The 24 Sherry? 25 Q. Yes. Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 95 of 140

2 A. I think it was Stone Magnanini. 3 Q.

4 Magnanini's legal fees for Genever New York? 5 A. I don't know. 6 Q.

7 Magnanini was paid legal fees from one person 8 or entity or from two people or entities in 9 connection with that lawsuit? 10 MR. MITCHELL: Object to the form. 11 A. I don't know. 12 Q.

13 or entity pay the legal fees for both Mr. Kwok 14 and Genever in The Sherry-Netherland lawsuit? 15 A. I don't know. 16 Q.

17 the legal fees for Mr. Kwok and both Genever 18 entities in this lawsuit?

MR. MITCHELL:

20 not to answer. 21 MR. MOSS:

22 question. 23 Q.

24 the legal fees for both Mr. Kwok and Genever 25 entities in this lawsuit?

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 96 of 140

2 MR. MITCHELL:

3 answer. 4 A. I don't know. 5 Q.

6 shareholder of Genever New York for the 7 entirety of Genever New York's existence? 8 A. No, that's not accurate. 9 Q. Why not? 10 A. Genever New York is an LLC.

11 members. It doesn't have shareholders. 12 Q.

13 of Genever New York for the entirety of Genever 14 New York's existence? 15 A. Yes. 16 Q. Does Mr. Kwok control Genever BVI? 17 A. No. 18 Q. Who does? 19 A. Guo Qiang. 20 Q.

21 York? 22 A. No. 23 Q. Who does? 24 A. Guo Qiang. 25 Q.

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 97 of 140

2 BVI, even though he's the sole director and the 3 sole shareholder? 4 MR. MITCHELL:

5 the question, asked and answered. 6 A. Yes. 7 Q.

8 respect to Genever New York? 9 A. I don't know. 10 Q.

11 membership interests of Genever New York? 12 A.

13 documents I reviewed in preparation for today. 14 Q.

15 directors? 16 A. No, I don't think so. 17 Q. Has it ever had any directors?

18 being Genever New York? 19 A.

20 person and its sole member.

21 no. 22 Q. The sole member is Genever BVI? 23 A. Yes. 24 Q. Who's the authorized person? 25 A. Guo Qiang.

3 authorized persons for Genever New York other 4 than Guo Qiang? 5 MR. MITCHELL:

6 the question. 7 A. Other than the attorneys that were 8 referenced in the resolutions in the formation 9 in the purchase of The Sherry, no.

11 offices? 12 A. No. 13 Q. Has it ever had any offices? 14 A. No.

16 employees? 17 A. No. 18 Q. Has Genever New York ever had any 19 employees? 20 A. No. 21 Q. Does Genever New York have a phone 22 number? 23 A. I don't know. 24 Q. Since Genever New York does not have 25 any directors, I assume it's never had a board

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 99 of 140

2 meeting; is that right? 3 MR. MITCHELL: Object to the form. 4 A.

6 preparation. 7 Q.

8 address? 9 MR. MITCHELL:

10 the question. 11 A. 781 Fifth Avenue. 12 Q. And what is that? 13 A. That's The Sherry-Netherland. 14 Q. Genever New York's -- strike that.

16 address? 17 A. Yes. 18 Q.

19 apartment that Mr. Kwok lives in on the 18th 20 floor of The Sherry-Netherland? 21 A.

22 Genever New York. 23 Q. Does it have any other addresses? 24 A. Not that I'm aware of.

25 there might be an address for its registered

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 100 of 140

2 agent for service of process in Albany, but 3 other than that, I'm not aware of any. 4 Q.

5 registered agent, Genever New York does not

7 Sherry-Netherland Hotel? 8 A. No, not that I'm aware of. 9 Q.

10 documents? 11 MR. MITCHELL:

12 the question. 13 A. Yes. 14 Q. Where are they maintained? 15 A.

16 but I'm not -- I don't know for sure. 17 Q.

18 are any of Genever New York's documents 19 maintained in -- at the British Virgin Islands 20 address where Genever BVI's documents are held? 21 MR. MITCHELL:

22 the question. 23 A. I don't know. 24 Q.

25 documents maintained at The Sherry-Netherland?

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 101 of 140

2 A. I don't know. 3 Q.

4 possess? 5 A.

6 its stock register, the mail it receives. 7 Q.

8 authorized to act on behalf of Genever New 9 York? 10 MR. MITCHELL:

11 the question, asked and answered. 12 A.

13 son? 14 Q.

15 act on behalf of Genever New York? 16 A. Mr. Kwok? I don't know. 17 Q.

18 behalf of Genever New York? 19 A. Yes. 20 Q. Who authorized him to do that? 21 A. He was authorized by Genever BVI. 22 Q.

23 director and sole shareholder of Genever BVI, 24 authorize Genever BVI to authorize Guo Qiang to 25 act on behalf of Genever New York? Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 102 of 140

2 MR. MITCHELL:

3 the question. 4 A. I would assume so.

5 certain, but I know that, in or around 6 May 2015, Guo Qiang was made an authorized 7 person for Genever New York. 8 Q.

9 hold? 10 A.

11 Sherry-Netherland Corporation and it has a bank 12 account with JPMorgan Chase. 13 Q.

14 funded by Golden Spring New York whose purpose 15 is to hold the money to pay the maintenance 16 fees for The Sherry-Netherland? 17 A.

18 know if it's to hold the money, but it is -- 19 the bank account is used to pay the maintenance 20 for Genever New York. 21 Q.

22 payments that have come out of the bank 23 account, other than to pay the maintenance for 24 The Sherry-Netherland Hotel? 25 A. I don't know. Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 103 of 140

2 Q.

3 other assets -- by the way, strike that.

5 been in that JPMorgan account, that Chase 6 account for Genever New York? 7 MR. MITCHELL:

8 the question. 9 A. I don't know. 10 Q. Any sense? 11 A. Not really, no. 12 Q. More than \$3 million? 13 A.

14 Sherry is about 60,000.

15 to cover that every month. 16 Q.

17 other assets besides the Chase account and the 18 ownership in The Sherry-Netherland? 19 A. I don't know. 20 Q.

21 assets? 22 A. Not that I'm aware of. 23 Q.

24 other than the bank account and the shares of 25 The Sherry-Netherland?

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 104 of 140

2 A.

3 I reviewed for today. 4 Q.

5 are any of -- is Genever New York encumbered in 6 any way? 7 MR. MITCHELL:

8 the question. 9 A.

10 Genever New York and Bravo Luck, Mr. Kwok and 11 Genever BVI, I believe, that involves The 12 Sherry-Netherland residence, but other than 13 that, and Justice Ostrager's order, I'm not 14 aware of any other encumbrances. 15 Q.

16 York's assets have ever been encumbered in the 17 past other than the trust agreement and Justice 18 Ostrager's order? 19 MR. MITCHELL:

20 the question. 21 A.

22 discussed earlier to Roscalitar 2 and Blue 23 Capital.

24 any.

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 105 of 140

4 Q.

5 Exhibit 9.

7 have been referring to relating to Bravo Luck 8 and the Genever entities? 9 A.

10 appears to be a copy of that trust agreement. 11 Q. It's dated February 17, 2015. 12 Is that when it was entered into? 13 A. Yes. 14 Q.

15 left-hand side, do you know whose signature 16 that is? I'm sorry.

17 page, 543. 18 A. Yes. 19 Q. Whose is it? 20 A. Guo Qiang. 21 Q.

22 whose signature is that? 23 A.

24 looks like Mr. Kwok's. 25 Q.

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 106 of 140

2 Guo Qiang's signature is on the left and 3 Mr. Kwok's is on the right? 4 A. It appears so, yes. 5 Q.

6 first signature and Mr. Kwok's are the next 7 three? 8 MR. MITCHELL:

9 the question. 10 A.

11 three signatures besides Guo Qiang's? 12 Q. Yes. 13 A. Yes, it appears so. 14 Q.

15 Luck Limited; is that right? 16 A. Yes. 17 Q.

18 Genever New York, Genever BVI and Mr. Kwok, 19 himself, right? 20 A. Yes. 21 Q.

23 represented any of the parties in connection 24 with this agreement? 25 A. I don't know.

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 107 of 140

2 Q.

3 maintained? 4 A. I don't know. 5 Q.

6 down in the background section.

8 at the top, when it defines the parties, the 9 BVI company is Genever Holdings Corporation? 10 A. Yes. 11 Q.

12 referring to as Genever BVI, right? 13 A. Yes, I believe so. 14 Q.

15 LLC, which you and I have been referring to as 16 Genever New York, is referred to in this 17 document as the US SPV; is that right? 18 A. Yes. 19 Q.

20 vehicle; is that right? 21 A. I believe so, yes. 22 Q.

23 number 2, it says, "The purpose of the BVI 24 company," which is Genever BVI, "is a special

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 108 of 140

2 Do you see that? 3 A. Yes. 4 Q.

5 right? 6 A. Yes. 7 Q.

8 purpose of Genever BVI is to hold Genever New 9 York, right? 10 A. That's what this says, yes. 11 Q. Is that accurate? 12 A.

13 understand it, yes. 14 Q.

15 US SPV," that's Genever New York, right? 16 A. Yes. 17 Q.

18 is a special purpose vehicle holding a property 19 situated at," and then it has several units on 20 the 18th floor at The Sherry-Netherland." 21 Is that right? 22 A. That's what it says, yes. 23 Q.

24 is to be a special purpose vehicle to hold the 25 18th floor residence, right? Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 109 of 140

2 A. That's one of the purposes, yes. 3 Q.

4 the purposes. It says it's the purpose, right? 5 MR. MITCHELL: Object to the form. 6 A.

7 a special purpose vehicle holding a property 8 situated at, and it references the 18th floor 9 of The Sherry-Netherland. 10 Q.

11 hold the apartment, and I'm just saying the 12 document says the purpose of the US SPV, right? 13 Not one of the purposes. 14 A. Yes. 15 Q.

16 Company is to hold Genever New York, not one of 17 the purposes, right? 18 A. Right.

19 purposes. 20 Q.

21 the avoidance of doubt, the trustee is holding 22 the BVI Company and the US SPV," those are the 23 two Genever entities, right? 24 A. Yes. 25 Q.

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 110 of 140

4 correct? 5 A. Yes. 6 Q.

7 Bravo Luck, is a beneficial owner of New 8 York -- Genever New York and Genever BVI," 9 right? 10 A. That's what it says, yes. 11 Q.

12 understanding? 13 A. Yes. 14 Q.

15 ever disclose to The Sherry-Netherland, when it 16 was applying for the lease, that Bravo Luck was 17 going to be the beneficial owner of the Genever 18 entities? 19 A. I don't know. 20 Q.

21 would have wanted to know who the beneficial 22 owner of the apartment was going to be? 23 MR. MITCHELL:

24 the question, calls for speculation. 25 Q. You can answer.

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 111 of 140

2 A.

3 Sherry-Netherland would have wanted to know, 4 but I know that they knew the money came from 5 Bravo Luck. 6 Q.

7 review of documents to prepare for this 8 deposition, did you see any document evidencing 9 that The Sherry-Netherland knew that Bravo Luck 10 was going to be the beneficial owner of the 11 apartment? 12 A.

13 preparation for today. 14 Q.

15 trustee in Section 3? See those covenants? 16 A. Are we still on page 1? 17 Q. Sorry.

19 Do you see that? 20 A. Oh. Yes, yes, yes. 21 Q.

22 the trustee is Mr. Kwok? 23 A. Yes. 24 Q.

25 covenants that it will not create or allow to

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be created any charge, mortgage or lien on the

BVI company, the US SPV and/or assets held by

the BVI company and/or the US SPV unless with

the prior written approval of the owner and the

Do you see that?

A. Yes.

Q.

approval of the owner and the co-owners under

this agreement; is that right?

A. Yes.

Q. And the owner is Bravo Luck?

A. Yes.

Q. And who are the co-owners?

co-owners, if you look at background, page 1,

543, Section 6, "The owner made known to the

trustee that certain parties" -- "third parties

may co-own the property through the owner in

accordance with the co-operation plan and the

trustee is also acting as a trustee for those

parties are?

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 113 of 140

2 A. I don't know. 3 Q.

4 A. I'm sorry.

5 co-owners are.

6 Luck. 7 Q. Yes.

8 prior written approval of the owner, Bravo 9 Luck, or any of the co-owners before pledging 10 the shares of Genever BVI to either Roscalitar 11 2 or Blue Capital? 12 MR. MITCHELL:

13 the question. 14 A. I don't know. 15 Q.

16 suggesting that such written approval was 17 obtained? 18 MR. MITCHELL:

19 the question. 20 A.

21 for today. 22 Q.

23 applying to The Sherry-Netherland board, who 24 owned Bravo Luck? 25 MR. MITCHELL:

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 114 of 140

2 the question. 3 A.

4 Luck was owned by Guo Qiang. 5 Q.

6 himself, was also a 50 percent owner of Bravo 7 Luck? 8 A.

9 50 percent of the ownership in Bravo Luck to 10 his father around that time. 11 Q.

12 Qiang in? 13 A. Finance.

15 Stevenson Wong dated March 4, 2015, marked

17 Q.

18 Exhibit 10, which is a letter from Stevenson 19 Wong dated March 4, 2015, to the board of 20 directors of The Sherry-Netherland, regarding 21 the application of Mr. Kwok Ho Wan to become a 22 shareholder of The Sherry-Netherland, Inc., 23 Bravo Luck Limited, the company. 24 Do you see that? 25 A. Yes. Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 115 of 140

2 Q.

3 Mr. Kwok in connection with his application to 4 become a shareholder of The Sherry-Netherland? 5 MR. MITCHELL:

6 the question.

8 of the scope of the 30(b)(6) notice.

10 answer, but note my objection for the 11 record. 12 MR. MOSS:

14 MR. MITCHELL:

15 about Genever New York.

17 attorney was. 18 MR. MOSS: Sure.

20 Genever New York. 21 MR. MITCHELL:

22 the entity? 23 BY MR. MOSS: 24 Q.

25 Wong's role -- who was Stevenson Wong

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 116 of 140

3 Sherry-Netherland application? 4 A. I don't know.

5 it appears they were representing Mr. Kwok or 6 his family, but I don't know. 7 Q.

8 page, SN74, Stevenson Wong writes, "We confirm 9 that, A, the company," which is defined on the 10 previous page as Bravo Luck, "is legally and 11 beneficially owned as to 50 percent by Mr. Kwok 12 Ho Wan and 50 percent by Mr. Guo Qiang,

14 Do you see that? 15 A. Yes. 16 Q.

17 2015, Mr. Kwok owned 50 percent of Bravo Luck? 18 A. That is what this letter reflects. 19 I was not prepared to talk about the ownership 20 of Bravo Luck today. 21 Q.

22 that this document is inaccurate? 23 A. No. 24 Q.

25 Luck -- do you know whether or not Mr. Kwok's

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2 ownership interest in Bravo Luck has increased 3 or decreased or stayed the same since March 4, 4 2015? 5 MR. MITCHELL:

6 the question.

7 outside the scope.

9 A.

10 currently the 100 percent owner of Bravo Luck. 11 Q.

12 that Mr. Kwok lost his 50 percent? 13 MR. MITCHELL: Same objection. 14 A. I don't know. 15 Q. Do you know when that happened? 16 MR. MITCHELL: Same objection. 17 A. I don't know. 18 Q.

19 to that transfer? 20 MR. MITCHELL: Same objection. 21 A.

22 deposition. 23 MR. MOSS:

24 now? Let's go off the record. 25 THE VIDEOGRAPHER:

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 118 of 140

**1 PODHASKIE 2 the record. The time is 5:27 p.m. 3 (Recess taken.) 4 THE VIDEOGRAPHER: We are now back 5 on the record. The time is 5:36 p.m. 6 BY MR. MOSS: 7 Q. Mr. Podhaskie, you've answered a lot 8 of questions today saying yes or no based on 9 the documents I had access to in my review. 10 Did you have access to Genever New 11 York and Genever BVI's full set of files? 12 MR. MITCHELL: Object to the form of 13 the question. 14 I don't know that that's exactly 15 what he said, but I know you're 16 paraphrasing, but... 17 MR. MOSS: Okay. 18 A. Whatever they had, I reviewed, so. 19 Q. Did you ever ask to see any 20 documents that weren't provided to you? 21 MR. MITCHELL: Object to the form of 22 the question. 23 A. No. 24 Q. Do you have any reason to believe 25 that there were documents missing from your**

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2 review? 3 A. I don't know.

4 me to think anything was missing, I don't know. 5 Q.

6 the fact that Guo Qiang has control of Genever 7 BVI? 8 MR. MITCHELL:

9 the question. 10 A.

11 he's the president of Genever BVI.

12 that, no. 13 Q.

14 document was produced to us in this litigation? 15 A. I don't know.

16 I don't know. 17 Q.

18 providing that Genever BVI authorized Guo Qiang 19 to act on behalf of Genever New York? 20 A.

21 became the authorized person of Genever New 22 York.

23 but I remember seeing a document that indicated 24 he was the authorized person, and Guo Qiang, he 25 signed an application for an EIN for Genever

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 120 of 140

2 New York. 3 Q.

4 did you see any document in the course of your 5 review providing that Yvette Wang had any role 6 with Genever BVI or Genever New York? 7 MR. MITCHELL:

8 the question. 9 A.

10 in connection with the litigation that made

12 Sherry-Netherland.

13 recall. 14 Q.

15 information she put in her affidavit relating 16 to Genever and The Sherry-Netherland? 17 MR. MITCHELL:

18 the question, and I think this is outside 19 the scope of the 30(b)(6).

21 let him answer. 22 MR. MOSS: Okay. 23 A. I don't know. 24 MR. MOSS:

25 time. Thank you, Mr. Podhaskie.

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**1 PODHASKIE 2 MR. MITCHELL: Just before you start 3 going off the record, I just have a couple 4 questions for Mr. Podhaskie, just to 5 clarify the record. 6 MR. MOSS: Sure. 7 EXAMINATION BY 8 MR. MITCHELL: 9 Q. Mr. Podhaskie, you were provided 10 with a number of exhibits today. One of those 11 exhibits was Podhaskie 3 -- Exhibit 3, rather. 12 A. Yes. 13 Q. If you'll note, these were 14 identified, when questions were asked, by Bates 15 stamps number, Kwok, and then a number. 16 Do you see that? 17 A. Yes. 18 Q. Looking now at Podhaskie -- is it 19 your understanding that these documents were 20 produced by Mr. Kwok's attorney in relation to 21 this litigation? 22 MR. MOSS: Objection, leading. 23 A. Yes. 24 Q. Looking at Exhibit Podhaskie 4, do 25 you see any such Bates stamps?** Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 122 of 140

2 A. No. 3 Q.

4 recollection of seeing this document? 5 MR. MOSS: What document? 6 MR. MITCHELL:

7 talking about. 8 MR. MOSS: Okay. 9 A.

10 the documents that was filed in connection with 11 the litigation, but other than that, no. 12 Q.

13 the documents, Genever BVI and Genever New York 14 as they have been referred to here today, in 15 reviewing in preparation for this deposition, 16 did you see those documents within their 17 records? 18 MR. MOSS: Objection to the form. 19 A. Did I see Exhibit 4? 20 Q. Exhibit 4, correct. 21 MR. MOSS:

22 documents" mean. 23 Q.

24 Exhibit 4. 25 A.

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2 with the documents I reviewed in connection for 3 today's deposition? 4 Q. Correct. 5 A.

6 recall, I saw it in connection with the filings 7 that were made in the New York litigation. 8 Q.

9 that you reviewed in preparation for today? 10 A.

11 New York? 12 Q. Correct. 13 A. And Genever BVI? I don't think so. 14 Q.

15 on that document? 16 A.

No. 17 Q.

19 litigation, anyway.

20 docket number in this case. 21 A. Yes, it appears so. 22 Q.

23 before today? 24 A.

25 when I reviewed the litigation file as

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2 something that was filed in the litigation. 3 Q. Do you recall seeing this document 4 within the books and records maintained by 5 Genever New York? 6 A. I don't recall, no. 7 Q. How about Genever BVI? 8 A. I don't recall. 9 Q. Exhibit 6, which is the memorandum? 10 A. Yes.

12 there?

No. 14 Q. But there is a docket filing number, 15 correct? 16 A. Yes. 17 Q. Do you recall seeing this document 18 in the books and records maintained by Genever 19 New York? 20 A. Exhibit 6? 21 Q. Correct. 22 A. No. 23 Q. Genever BVI? 24 A. No. 25 Q. Exhibit 7, do you see a Bates stamp

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 125 of 140

**1 PODHASKIE 2 number on this document, when you find it? 3 A. (Document review.) No. 4 Q. Do you know -- up top, do you see 5 that it was filed in this proceeding in the 6 eCourt's filing system? 7 A. By "the proceeding," you're 8 referring to the litigation? 9 Q. Correct. 10 A. Yes. 11 Q. In your review of Genever New York's 12 books and records, do you recall seeing this 13 document? 14 A. I don't recall. 15 Q. In your review of Genever BVI's 16 books and records, do you recall seeing this 17 document? 18 A. I don't recall. 19 Q. Exhibit 8, do you see a Bates stamp 20 number on here? 21 A. No. 22 Q. And Exhibit 8, at the top, do you 23 see -- would you agree that it was filed in New 24 York County Clerk in this litigation? 25 MR. MOSS: Objection, leading.**

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 126 of 140

2 A. Yes. 3 Q.

4 seeing this document? 5 A.

6 connection with my review of the litigation 7 file. 8 Q.

9 York books and records, do you recall seeing 10 this document? 11 A. I don't recall. 12 Q.

13 records for Genever BVI, do you recall seeing 14 this document? 15 A. I don't recall. 16 MR. MITCHELL: No further questions. 17 MR. MOSS: No questions. 18 MR. SARNOFF: Thank you. 19 THE VIDEOGRAPHER:

20 today's deposition.

21 the record. The time is 5:46 p.m.

22 you. 23 (Time noted:

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8 that I have read the transcript of my testimony 9 taken under oath in my deposition; that the 10 transcript is a true, complete and correct 11 record of my testimony, and that the answers on 12 the record as given by me are true and correct.

21 this _______ day of ______________, ____.

24 ________________________________________

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 128 of 140

**1 C E R T I F I C A T E 2 3 STATE OF NEW YORK ) 4 :ss 5 COUNTY OF RICHMOND) 6 7 I, MELISSA GILMORE, a Notary Public 8 within and for the State of New York, do hereby 9 certify: 10 That DANIEL PODHASKIE, the witness 11 whose deposition is hereinbefore set forth, was 12 duly sworn by me and that such deposition is a 13 true record of the testimony given by such 14 witness. 15 I further certify that I am not 16 related to any of the parties to this action by 17 blood or marriage; and that I am in no way 18 interested in the outcome of this matter. 19 IN WITNESS WHEREOF, I have hereunto 20 set my hand this 16th day of December, 2019. 21 22 23 24 \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ 25 MELISSA GILMORE**

Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 129 of 140

____ _____ ___________ ___________ _____________ ____ _____ ___________ ___________ _____________ ____ _____ ___________ ___________ _____________ ____ _____ ___________ ___________ _____________ ____ _____ ___________ ___________ _____________ ____ _____ ___________ ___________ _____________ ____ _____ ___________ ___________ _____________ ____ _____ ___________ ___________ _____________ ____ _____ ___________ ___________ _____________ ____ _____ ___________ ___________ _____________ ____ _____ ___________ ___________ _____________

this____day of__________,20__.

My Commission Expires:

NAME OF CASE: PACIFIC ALLIANCE v. KWOK HO WAN

PACIFIC ALLIANCE ASIA OPPORTUNITY FUND L.P. VS. KWOK HO WAN Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 130 of 140

additionally (1) answered (12) assets (29) back (5)

\$ 113:7 18:13;19:5;47:18; 14:14;25:10;47:4, 43:11,15;75:3;80:6; address (22) 60:24;62:3,7,8;63:5; 15,19;48:9,13,15,16, 116:4 \$3 (1) 16:19;34:24;35:7,8, 86:20;95:5;99:11; 18,20;49:6;50:11,19; background (3) 101:12 16,16,21,23;36:3,6, 116:7 51:9;59:5,16;61:4,15, 105:6,22;110:17 14,25;39:24;40:6,6; apart (2) 23,24;62:10;63:2; bad (1) A 97:8,16,18,21,25; 86:14;98:6 100:8;101:3,17,21; 81:17 98:4,20 apartment (24) 102:16;110:3 bank (17) AARON (1) addresses (4) 24:14;59:8;73:21; assign (1) 27:4;40:12;88:5,7, 3:7 35:20;36:12;97:23; 74:2,5,10;75:16,22; 71:5 13,15;89:6,19,22; aaron@lmesqcom (1) 98:6 76:2,7,24;77:4,21; assigned (2) 90:4,7;100:11,13,17, 3:9 adds (1) 78:18,25;80:2;83:20; 50:13;70:23 19,22;101:24 able (1) 30:11 84:2,22;87:7;97:19; assignments (1) Based (13)

6:15 107:11;108:22;

assume (5) 21:10;23:16;29:19; 31:17;32:16;33:4; accept (1) affidavit (3) apparent (1) 9:11;46:17;80:3; 39:8;46:11;55:15; 78:13 75:6;118:9,15 28:10 96:25;100:4 64:21;86:13;114:4; access (2) affiliation (1) appear (8) assuming (1) 116:8 116:9,10 19:12 7:21;21:12;29:21; 17:15 Bates (13) accordance (1) again (16) 55:15,17;57:7;66:6; Attachment (2) 19:24;20:7,15,20, 110:21 13:6;29:19;33:4; 69:19 58:5,10 22;29:8;44:23; according (3) 40:10;47:25;48:7; appearances (1) attended (3) 119:14,25;121:14; 45:22;86:6;106:7 57:23;60:15,19;61:6; 7:21 15:8,10;42:6 122:11,25;123:19 account (17) 63:6;65:10;73:7; appears (17) attention (9) became (4) 27:5;88:5,13,15; 79:23;115:6;121:24 21:2;23:10,17; 20:2,20;29:6;44:19; 37:13,25;72:3; 89:6,19,22;90:4,7; against (2) 29:15;30:12;45:4; 58:15,17;80:8;84:23; 117:21 100:12,13,19,23; 101:5,6,17,24 49:17;92:23 55:9;57:4;65:24; 105:5 become (5) account's (1) age (1) 66:10;69:8;103:10; attorney (5) 37:9;65:6;72:5; 100:17 71:24 104:4,13;114:5; 11:22;82:3;92:17; 112:21;113:4 accurate (19) agent (9) 121:17,21 113:17;119:20 beginning (2) 9:12;18:17;21:12; 27:22;28:5;33:12; application (5) Attorneys (3) 22:9;75:2 23:15,18;29:18,21; 35:9,17;36:13,23; 15:14;112:21; 3:4;6:4;96:7 behalf (21) 44:18;45:12;46:12; 98:2,5 113:3;114:3;117:25 authentic (5) 8:24;11:8;15:15; 51:6;60:18;66:9; ago (3) applying (2) 23:14;29:18;45:12; 40:15;41:16,23;42:8; 73:24;74:8,14;83:23; 85:22;90:17;91:24 108:16;111:23 57:8;69:16 45:21;52:2;58:11; 94:8;106:11 agree (1) appointed (5) authority (1) 70:19;71:2,3;99:8,15, acquired (1) 123:23 38:4,16;40:24;41:6; 46:5 18,25;104:14,17; 47:23 AGREED (3) 43:22 Authorization (3) 113:19;117:19 acquisitions (1) 6:4,9,13 appointing (1) 20:21,25;21:8 below (1) 101:23 agreement (14) 39:23 authorize (2) 104:10 Act (13) 26:20;73:17;82:10, appoints (1) 99:24,24 beneficial (4) 23:4;29:10;40:15, 17,24;86:17;102:9, 40:22 authorized (21) 108:7,17,21;109:10 22,24;41:7,9;61:20; 17;103:2,6,10; approach (1) 6:15;40:15;41:9; beneficially (1) 99:8,15,17,25;117:19 104:24;105:2;110:12 70:20 45:20,21,25;46:2; 114:11 acted (1) agreements (2) approaching (1) 82:7,9;95:19,24;96:3; beside (1)

approval (4) 99:8,14,17,20,21;

acting (1) 7:7 110:5,11;111:8,16 available (5) 23:23;31:18;34:2; 110:22 Albany (1) argument (1) 60:5,17;61:21;65:2, 36:12;38:24;83:15; actions (4) 98:2 91:12 7 101:17;104:11 41:15,22;42:3; Alliance (1) around (8) Avenue (2) best (2) 80:24 7:6 53:7,11,16;70:3; 3:5;97:11 13:23;64:15 activity (2) Alliance's (2) 83:10;85:20;100:5; avoidance (1) bills (1) 52:17;53:16 67:17;68:8 112:10 107:21 91:8 Acts (2) allow (5) Asia (1) aware (18) block (1) 23:4;46:3 11:23;63:20; 7:6 24:5;36:16;38:19, 45:7 actual (1) 109:25;113:9;115:7 assert (1) 22,23;50:9;67:20; Blue (14) 84:5 amount (1) 12:3 70:17;72:8;90:13; 26:22;53:23;54:2,5, Actually (1) 30:18 asserting (1) 97:24;98:3,8;101:22, 11,14,19;66:4;67:21;

add (1) and/or (2) 91:11 23;102:14,15,23 69:12;73:10;102:22;

added (2) Andrea (2) 25:3,6,9;46:13,18, B board (8) 25:21;86:25 45:15;80:19 22;47:8,11,24;48:3 39:2,12;52:16; PACIFIC ALLIANCE ASIA OPPORTUNITY FUND L.P. VS. KWOK HO WAN Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 131 of 140

53:15;72:4;96:25; 111:23;112:19 48:3,19,23;49:5; 50:11,13,23;51:3,4, 69:12;73:10;102:23;

16:10;26:2;27:3;

books (10) 12,13,24;53:22;54:5, case (4) communicated (2) 28:2 35:22;36:7,10,14; 25;55:10,21;56:5,14; 19:22;49:25;75:7; 42:16,19 co-operation (1) 122:4,18;123:12,16; 57:13,23;59:5,6,17, 121:20 Companies (3) 110:21 124:9,12 22;61:4,15,19,20,24; cause (1) 23:4;29:9;61:20 co-own (1) both (10) 62:10,12;63:2,7,10; 82:9 Company (25) 110:20 13:19;14:7,9,11,15; 64:2,4,7,11,16,22; caution (3) 7:16,19;22:7;24:8, co-owner (1) 83:19;92:17;93:13, 65:6;66:13;67:12,15; 32:3;40:10;52:12 10;32:10;36:4;40:22; 110:24 17,24 69:21;70:11,12,13,19, cents (1) 46:18,21;53:23; co-owners (6)

21:14;103:14,16 20,22;71:2,6;72:14;

certain (4) 74:11;75:16,23;76:3; 105:9,11,14,24; 110:6,11,16,17;

Bravo (26) 80:11,13,25;81:7,10, 52:8;100:5;103:23; 107:16,22;110:3,4; copies (1) 28:7;32:9,13;73:18; 18;83:8,18;84:10,18, 110:19 112:23;114:9 74:18 102:10;103:7;104:14; 19;85:18,23;86:8; certainly (3) compilation (1) copy (18) 108:3,7,16;109:5,9; 90:11,15;91:3,18; 11:23;63:21;65:12 20:14 21:7;23:10,18; 110:14;111:5,8,24; 94:5,12,16;95:2,22; certainty (1) complete (2) 29:15,21;45:5;55:10, 112:3,6,9,23;114:10, 98:24;99:21,23,24; 80:4 80:24;125:10 17;57:4,8;64:8,12; 17,20,24;115:2,10 102:11;104:18;105:9, Certificate (7) complicated (1) 65:25;66:9;69:8,15, break (1) 12,23,24;106:8; 23:5,11;29:16; 48:14 16;103:10 115:23 107:15,22;108:8; 39:21;55:3;65:15,25 concludes (1) corporate (21) brief (4) 110:3,4;111:10; certify (1) 124:19 8:9;9:15;10:2;

briefly (1) 117:7,11,18;118:6;

68:23 11:16;12:10,18; 13:18;14:2,8;19:21; 14:18 23;124:13 25:16;86:23 conducted (3) 20:7,17;33:11;34:21; British (4) BVI's (19) charge (21) 26:5,9;87:5 35:5;39:19;41:20; 22:5;23:4;34:25; 14:13;28:13;30:22; 36:9;55:4,18,20; confirm (1) 53:16;77:24;78:15; 98:19 32:19;45:5;47:15; 56:20,24;57:6,9;60:5, 114:8 99:5 broader (1) 48:9,15;50:19;54:14; 16;64:3,25;65:16; connection (18) Corporation (23) 15:22 57:17;65:4;66:8,16; 66:2,3;67:16;69:4,10, 12:8;16:14;19:12; 8:24;9:8;22:4,5,6, brokers (1) 78:14;90:23;98:20; 12,16;110:2 40:25;49:20;66:5; 17;23:6;29:11;30:7; 42:19 116:11;123:15 charges (1) 91:19;93:9;104:23; 31:9;44:22;76:8,12,

business (20) 65:6 113:3;114:2;118:10; 14,17,21;77:9,12; 14:7;26:4,8;29:9; C Chase (4) 120:10,25;121:2,5,6; 80:17,24,25;100:11; 34:21;35:4;42:7;46:6; 88:8;100:12;101:5, 124:6 105:9 55:23;56:6,16;57:14; called (7) 17 Connolly (2) corporations (2) 61:20;64:5;66:14;

112:11 calling (1) China (4) 44:22;45:5,22; 22:8 buy (5) 65:22 31:22;88:19,21,25 46:11 counsel (4) 15:7,18;24:18;25:6; calls (2) chose (1) consider (2) 7:20;74:20;104:22, 51:21 68:22;108:24 25:13 37:15;47:10 22 buying (1) came (6) City (1) considers (1) counsel's (2) 113:19 28:4,7;53:4;89:15; 46:7 47:14 91:14,15 BVI (203) 109:4;115:11 clarification (3) consistent (3) County (3) 8:24;9:4,7,20;10:5, can (41) 13:4;43:10;92:12 57:16;85:14;108:11 7:9;123:24;125:5 12;11:9,17;13:19; 10:14,15,23;11:13; clarify (1) contained (1) couple (3) 14:7,9,12,15;16:22; 17:5;19:19;21:4;23:4, 13:23;14:24;16:17;

12,19,20,24;24:6; 23:2,7;24:24;25:19; 28:19 3:1 29:3;33:6;55:22; 25:15;26:4,8,14,20, 26:16,18;29:6,13; clear (4) contract (3) 56:5,15;57:14;64:4, 24;27:4,7,14,15,17, 34:5;41:19;42:3; 43:17,21;48:17; 26:16;50:2;87:11 17;66:13;69:22; 23;28:8;29:9,16;30:8, 44:19,24;46:10; 73:5 contracts (3) 109:6;118:4 21;31:2,6,12;32:15, 48:14;55:8;56:13; Clerk (1) 26:15,25;87:11 court (6) 21;33:2,6,12,24;34:2, 57:2;63:19,23;65:12, 123:24 control (4) 6:17;7:8,17,24; 8,16;35:4,8,10,15,18; 20;66:22;69:7;77:24; client (1) 94:16,20,25;117:6 60:11;63:12

7,11;38:2,8,21;39:2, 78:15;84:25;91:11; 93:19

capacity (2) 31:21 controls (2) cover (1) 10,16,23;42:9,16,22; 43:24;46:24 collection (2) 52:25;54:10 101:15 43:4,8,19,22,24;44:5, Capital (14) 19:21;20:6 conversation (5) covered (1) 10,15;45:21;46:14;

52:17 12:17;13:25;15:25;

Min-U-Script® Ellen Grauer Court Reporting Co. LLC (2) books - create PACIFIC ALLIANCE ASIA OPPORTUNITY FUND L.P. VS. KWOK HO WAN Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 132 of 140

109:25 55:16;63:16;70:8; 121:15,16,17,22; Ellen (2) 7:7

created (1) 74:16,19;75:13; 122:3,13,17;123:2,3, 7:15,18 even (1) 110:2 109:8;115:22;120:15; 13,17;124:4,10,14 else (11) 95:2 currently (11) 121:3;124:20;125:9 documents (61) 12:16,20;14:17; evidencing (1) 14:15;34:11,12; designated (1) 19:21;20:2,3,7,14, 16:23;24:4;31:11; 109:8

41:11;48:10,19;49:9, 11:16 17;21:10;23:16;26:2; 77:18,25;78:16; exactly (4) 14,16;54:24;115:10 DI (2) 27:2;28:2,11;29:19; 87:21,25 24:20;67:9;85:19; cut (1) 91:10;93:19 30:15,23;31:17; E-MAIL (2) 116:14 27:20 different (2) 32:16,18,22;38:13; 3:9;36:24 EXAMINATION (2) 25:12;42:14 39:6,13,15,19,25; employed (1) 8:6;119:7 D direct (9) 41:21;42:16,22,22; 19:9 examined (1) 19:25;20:19;29:6; 43:23;44:17;45:3; employees (3) 8:3 DAN (2) 44:19;58:15,16;80:7; 47:21;56:4,14;57:24; 36:18;96:16,19 except (1) 3:14;7:14 84:23;105:5 63:17;65:5;85:23; employer (2) 6:9 Daniel (3) director (23) 86:13;95:13;97:5; 42:25,25 executed (1) 7:4;125:7,17 32:25;33:13,14,16, 98:10,18,20,25;99:3, encumbered (6) 117:22 date (7) 17,17,23,24;34:2,8, 5;102:2;109:7; 48:10;49:10,13; Exhibit (47) 7:12;20:21,25;21:8; 10,11,13,14;37:15; 111:15;115:18;116:9, 50:6;102:5,16 9:15,19;10:4,9,11, 59:16;61:18;71:16 44:22;45:6;46:12; 20,25;119:19;120:10, encumbrances (1) 15,16,24,24;17:9; dated (9) 66:17;67:12;80:16; 13,16,22;121:2 102:14 20:6,13;44:20;55:3,7, 21:2;45:6;57:6; 95:2;99:23 dollar (4) end (1) 20;56:18,22;58:2,8; 59:14;66:2;69:10; directors (10) 30:2,3,8,13 64:18 65:15,18;69:2,5; 103:11;112:15,19 33:7,10;37:21,23; done (1) ended (3) 74:15;75:12;80:6; dates (1) 38:9;39:21;95:15,17; 42:6 24:15;32:12;84:12 84:24;86:4;102:25; 96:25;112:20 doubt (1) engaged (1) 103:5;112:14,18;

day (7) Director's (3) 107:21 42:7 119:11,24;120:6,19, 21:3;33:17,21,24; 20:21,25;21:8 down (3) England (1) 20,23,24,25;121:14; 34:10;37:19;125:21 disbursed (1) 58:22,23;105:6 13:15 122:9,20,25;123:19, days (5) 87:15 during (5) enough (1) 22 33:21,25;83:9; disclose (1) 13:25;29:3;32:19; 101:14 exhibits (5) 85:18;86:14 108:15 33:6;74:19 enter (4) 56:2,3,3;119:10,11 debt (1) discuss (3) duties (1) 82:10,17,24;86:17 exist (1) 27:19 12:8,20;13:16 19:11 entered (10) 46:5 December (2) discussed (10) 26:14,19,20,24; existence (5) 7:13;16:4 13:17;14:6,8,10,12, E 52:10;66:19;67:10, 30:22;32:20;33:7; decision (3) 14,18;16:18,19; 16;87:10;103:12 94:7,14 51:23;52:6;54:14 102:22 earlier (6) enters (1) expected (2) Declaration (1) discussion (3) 43:12;53:20;64:2; 50:2 63:21;65:13 102:25 14:22;15:3,5 67:21;75:13;102:22 entirety (5) experience (1) decreased (1) discussions (8) early (1) 30:21;59:9;61:5; 64:22 115:3 11:25;67:14;70:3, 111:22 94:7,13 explained (1) deemed (2) 12;72:13,20;73:3,13 ECF (1) Entities (12) 58:18 83:7,13 dispute (1) 75:8 3:4;8:9,12;19:23; extended (1)

defendant (1) 91:25 eCourt's (1) 20:18;93:8,18,25; 79:7 58:11 distinguishing (1) 123:6 103:8;107:23;108:2, extent (1) Defendant's (2) 31:7 effect (1) 18 80:23 58:2,8 docket (2) 6:16 entitled (3) extra (1) defined (3) 121:20;122:14 effective (7) 20:21,24;44:21 74:18 10:12;111:5;114:9 Document (74) 21:2;59:23;61:18; entity (19) defines (1) 10:9;20:23,24; 62:13;63:7;69:10; 8:16,23;9:4;21:5; F 105:8 22:12,18,20;23:2,14; 85:12 26:21,22;27:8,12,13, Department (1) 29:14,18;44:21,24,25; EIN (2) 16;28:9;50:20;85:7; facility (2) 85:4 45:13,15;55:8,9,19, 42:25;117:25 93:8,13,16,23;113:19, 54:4,6 depose (1) 21;56:17;57:2,12; either (7) 22 fact (4) 78:10 58:12;59:14;60:15; 40:21,23;45:18; ESQ (1) 59:17;67:15;72:4;

64:3,8,12,14,17,18; 90:6 65:20,24;66:9,10,12; 111:10 established (1) false (5) 69:20;84:25;85:2,10, elaborate (1) 59:21 60:9,12,20;61:8,12 6:13;7:4,11;9:16, 25;86:5;103:9; 26:18 estate (11) familiar (1) 20;10:3,5,10,11,18, 105:17;106:7;107:3, elected (1) 24:9,13,16,19,20, 92:3 25;11:5,15;12:13; 6,12;109:8;114:22; 38:4 25;42:19;83:6,12,15; family (4)

13:17;16:15;29:4; 40:21;41:2,7,11; 117:5,10,14,17,20,23;

et (1) 15:20;31:24;84:16;

PACIFIC ALLIANCE ASIA OPPORTUNITY FUND L.P. VS. KWOK HO WAN Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 133 of 140

far (2) 78:18,25;82:18; four (2) 67:12,15;68:19,25; 16:2,9,12;23:25;

21:9;29:17 97:15,20;106:20,25; 58:23;86:14 69:21;70:11,11,13,19, 28:22;32:11,11; father (3) 107:8 front (2) 20,22;71:2,6,6;72:14, 34:14;36:11;37:5,13, 15:9;72:2;112:10 focus (2) 35:25;75:5 14;73:15,15;74:3,4; 25;38:4,10,12,17,24; February (13) 19:19;60:7 full (1) 76:9;77:13,13,23,23; 39:23;40:20,23;41:8, 21:3;23:20;37:12, follow (2) 116:11 78:14,14;80:11,12,13, 22;42:5;43:21;52:4; 24;45:6;66:2;85:12, 91:13,15 Fund (1) 14,16,25;81:3,7,8,10, 54:3;66:5;70:7;71:12,

24;86:7,9,10;87:5; follows (1) 7:7 11,11,18,19,19;82:8, 20;72:5;78:24;79:10, 103:11 8:4 funded (2) 9,16,23;83:8,8,11,14, 15,18,25;83:25;84:6, feel (1) force (1) 88:15;100:14 18,18;84:9,10,18,19, 11,16,20;88:23;94:19, 20:3 6:16 funding (1) 19;85:5,7,10,17,18, 24;95:25;96:4;99:17, fees (12) form (113) 32:12 23;86:8,9,16,16,22; 24;100:6;103:20; 87:19;88:2;90:23; 6:10;10:7;11:11; FURTHER (5) 87:4,10,14,24;88:4; 104:2,5,11,14;112:4, 91:4,19;92:9;93:4,7, 17:25;18:9;19:14; 6:8,12;109:18; 89:5,10,18,21;90:3,7, 8,11;114:12;115:9; 13,17,24;100:16 21:15;23:8;24:22; 118:24;124:16 11,11,15,15,22,23; 117:6,18,20,24 felt (2) 25:17,23;26:11;27:9; future (1) 91:3,4,18,18,23;92:5, 84:7,20 30:9;31:3,13;34:3,18; 49:20 22;93:4,14,17,24; H few (3) 39:4,10,17;40:16; 94:5,6,7,10,12,13,13, 85:22;90:17;91:24 41:5,12,17,24;42:10; G 16,20,25;95:8,11,14, hand (1) Fifth (1) 44:7;46:2,8,15;47:5, 18,22;96:3,10,15,18, 19:20 97:11 17;48:5,11;49:3,11, gave (1) 21,24;97:7,14,18,22; handed (8) file (2) 22;50:7,15,21;51:14, 51:21 98:5,9,17,18,20,24, 9:24;55:6;56:22; 121:25;124:7 25;57:19;59:19;60:2, generated (1) 24;99:3,8,15,18,21, 58:7;65:18;69:5; filed (10) 13,21;61:10;62:2,17; 23,24,25;100:7,8,20;

58:10;60:6;61:19; 63:13;64:19;65:8; Genever (416) 101:2,6,16,20;102:5, happened (1) 63:11,17;120:10; 66:20;67:6,18;68:9, 3:4,13;8:12,16,20, 10,11,15;103:8; 115:15 121:18;122:2;123:5, 15,21;69:17,23;70:15, 21,24;9:4,7,7,17,20; 104:18,18;105:9,12, happens (1) 23 24;71:8;72:17;73:22; 10:4,5,10,11;11:8,9, 14,16,24;106:4,8,8, 78:10 files (3) 74:6,12;76:4,25; 17,17;13:19,19;14:7, 15,17,23;107:16,23, head (2) 22:21;64:18;116:11 77:15;78:2,20;79:2, 8,9,10,12,12,13,14,15, 25;108:8,8,14,17; 35:25;71:17 filing (3) 22;81:13;82:8,12,20; 16;15:15;16:20,21,22, 111:10;113:12,15,20; held (8) 6:6;122:14;123:6 83:2,21;86:11,19; 25;17:4,8,14,16,18, 116:10,11;117:6,11, 7:11;14:15;47:19; filings (1) 89:2,24;90:24;93:10; 22,24;18:7,13,20,25; 18,19,21,25;118:6,6, 51:9;98:20;101:2,16; 121:6 95:4;96:5;97:3,9; 19:6,9,13,19,23; 11,16;120:13,13; 110:3 Finance (1) 98:11,21;99:10; 20:18;21:4;22:6,16; 121:10,13;122:5,7,18, helpful (1) 112:13 100:2;101:7;102:7, 23:6,11,19,24;24:6, 23;123:11,15;124:8, 12:5 find (2) 19;104:8;107:5; 10,16;25:15;26:4,6,8, 13 HEREBY (3) 36:2;123:2 108:23;111:12,18,25; 9,14,19,24;27:4,7,14, Genever's (3) 6:3,6;125:7 fine (5) 113:5;115:5;116:12, 15,16;28:8,13;29:10, 22:21;85:14;108:11 herein (1) 8:18;9:5;28:25; 21;117:8;118:7,17; 16;30:7,7,21,22;31:2, Gilmore (1) 6:5 29:5;43:16 120:18 6,12;32:15,19,21; 7:18 himself (3) firm (10) formal (1) 33:2,6,24;34:2,8,16; given (1) 71:23;104:19;112:6 45:18;82:4;90:16, 53:16 35:4,7,14,15;36:17, 125:12 hired (1) 20;91:5;92:6,13,14, formalities (1) 20,24;37:3,7,11;38:2, glad (1) 27:22 16,21 13:18 8,21;39:2,12,15; 118:20 Ho (5) firms (1) formation (13) 40:15,24;41:7,10,16, gladly (1) 21:18,20;45:7; 92:18 14:6;25:6,9,16; 23;42:8,16,22;43:4,6, 78:12 112:21;114:12 firm's (1) 28:14;41:21;42:12; 8,18,19,22,24;44:5,6, Golden (9) Hodgson (8) 92:9 43:13,21;81:20; 10,11,13,15,16,21; 88:16,18,19,21,25; 7:12;58:11;60:5,8, first (13) 82:15;96:8;99:5 45:5,21;46:2,4,13,14, 89:15,17;90:8;100:14 17;90:16,23;92:15 13:4;22:10,11; formed (27) 25;47:3,4,8,9,10,10, goods (1) hold (12) 33:14,17,23;75:21; 22:16;24:6,7;33:2; 14,14,15,19,20,23,24; 27:21 35:14;48:24;49:6; 80:10,18;103:16; 37:12,24;39:20; 48:3,4,9,15,19,20,23; Grauer (2) 83:19;84:10;100:9, 104:6;105:7;109:21 44:16;82:10,16;83:9, 49:5,6,9,25;50:6,11, 7:15,19 15,18;106:8,24; fit (2) 19;84:3,10,15;85:17, 13,19,23,25;51:3,4,9, Great (1) 107:11,16

83:7,13 18,20,23;86:6,6,8,10, 9,12,13,16,18,21,24; 10:13 holding (6) five (6) 17;87:5;88:9;90:4 52:2;53:22;54:5,14, Group (3) 30:7;105:25; 10:17,21,25;11:5; forming (3) 25;55:10,21;56:5,14, 88:19,21,25 106:18;107:7,21,25 58:23;85:18 22:4;23:24;82:23 14;57:12,16,22;59:5, guess (1) Holdings (13) flip (2) forms (1) 6,7,17,22;61:4,15,24; 43:20 8:13,21,24;9:8; 20:4;56:13 15:14 62:10,12;63:2,7,10, Guo (71) 22:6,16;23:6;29:10; floor (11) foundation (1) 10,25;64:4,7,11,16; 11:18;12:23;13:6, 44:21;80:16;85:5; 76:24;77:4,21; 81:12 65:4;66:8,12,16; 12,13,24;15:20,23; 105:9,14 PACIFIC ALLIANCE ASIA OPPORTUNITY FUND L.P. VS. KWOK HO WAN Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 134 of 140

Hong (6) 42:8 12:12;42:5;63:22; 10:16,24;80:22 little (1)

35:21;36:15;40:6; interest (21) 66:7,8;89:21;113:9; later (1) 48:14 88:19,22,25 73:20;74:10;75:15, 115:8;118:20 53:21 lived (2) Hotel (13) 22,25;76:7,8,11,13, known (3) Law (4) 78:24;79:4 14:20;24:14;77:21; 17,20,23;77:6,11,20; 22:6;60:17;110:18 58:3,9;92:6,9 lives (2) 78:18;79:9,18;83:16; 78:6,17;83:19;84:11; knows (1) LAWALL (1) 31:22;97:19 86:18;87:12;90:9; 88:24;115:2 65:12 3:3 LLC (6) 91:24;98:7;100:24 interests (1) Kong (6) laws (1) 3:3;8:13,21;85:5; hundred (1) 95:11 35:22;36:15;40:7; 22:4 94:10;105:15 51:7 into (17) 88:19,22,25 lawsuit (10) LLP (1) 26:14,19,20,24; Kwok (100) 67:17;68:8;90:12; 58:11 I 50:2;52:10;66:19; 11:18;12:7,8,17; 91:19;92:8,23;93:9, loan (6) 67:11,16;82:10,17,24; 14:13;15:21;19:24; 14,18,25 51:17,20;54:4,6,7; idea (4) 86:17;87:11;89:18; 21:18,20,22;22:13,16; lawyer (2) 66:5 71:18,24;72:3;84:6 90:7;103:12 23:23;28:14,15,16,21, 45:18;78:10 located (1) identification (11) invest (5) 22;29:22;30:13,18,20, lawyers (1) 13:13 9:18,21;20:8;42:25; 24:25;54:8;83:6,12; 25;31:15,19,24; 64:22 long (3)

invested (1) 32:25;33:8,18;34:2,7;

65:17;69:4;103:3; 112:16 83:14 40:20,23;41:15;45:8, lease (4) 10:14,16,23;19:25; identified (1) investment (1) 9;48:24;52:5;54:13; 68:14,19;77:3; 20:4;22:24;43:15; 119:14 40:12 59:2,4,10;66:18;67:2, 108:16 59:13;75:20;80:18, identify (13) investments (1) 3,11;70:14;71:12; leases (1) 22;81:22;86:3; 20:23;23:2,7;29:13; 54:9 72:6,16;73:19,25; 76:9 103:14;105:22; 44:24;55:8;57:2; involved (8) 75:15,24;76:6,19; left (2) 109:24;110:17;114:7 65:20;69:7;77:25; 23:23;42:12,13; 77:11,19,19;78:19,23; 74:21;104:2 looked (2) 78:16;84:25;100:21 43:13,13,21;52:5; 84:12,17;88:24; left-hand (1) 25:12;85:22 inaccurate (3) 54:13 91:17,23;92:5,23; 103:15 looking (7) 22:21;83:24;114:22 involves (1) 93:13,17,24;94:16,20, Legal (13) 15:2,6,17;54:3; Inc (1) 102:11 25;97:19;99:12,14,16, 7:15,19;63:17; 85:25;119:18,24 112:22 Island (1) 22;102:10;104:17,18; 68:22;90:23;91:4,18; looks (2) include (1) 23:4 108:14;109:22;111:7, 92:9;93:4,7,13,17,24 85:2;103:24 59:7 Islands (3) 22;112:5,21;113:3,16, legally (1) lost (1) incorporated (3) 22:5;34:25;98:19 18;114:5,11,17; 114:10 115:12 23:20;29:9;85:11 115:12;119:15 lend (1) lot (2) Incorporation (2) J KWOK143 (2) 32:7 15:10;116:7

increased (1) January (1) KWOK145 (1) 31:22;32:6,9 7:7 115:2 112:3 22:25 Letter (4) Luck (26) incurred (1) Jersey (1) KWOK147 (1) 112:14,18;114:4,18 28:7;32:9,13;73:18; 27:19 3:6 29:8 liability (6) 102:10;103:7;104:15; Index (1) JPMorgan (2) KWOK176 (1) 46:18,21;74:11; 108:3,7,16;109:5,9; 7:9 100:12;101:5 20:22 75:16,23;76:3 110:14;111:6,9,24; indicated (2) Judge (1) KWOK193 (3) lien (2) 112:4,7,9,23;114:10, 12:15;117:23 49:24 44:20,23;80:8 49:16;110:2 17,20,25;115:2,10 indicates (1) jump (1) KWOK194 (1) Limited (12)

indicating (1) June (1) Kwok's (26) 74:11;75:16,22;76:2; 49:25 69:10 12:24;13:7;15:24; 88:20,22,25;104:15; MACOM (2) individuals (2) Justice (4) 21:14;22:21;24:2; 112:23 3:14;7:14 11:25;40:14 50:5;102:4,13,17 28:23;30:6;31:21; line (1) Madison (1) information (1) 32:11;70:23;71:7; 21:19 3:5 118:15 K 73:13;74:9,15,19; lines (1) Magnanini (2) Initially (4) 75:12,21;76:11; 58:23 93:2,7 24:7;33:20;71:22; keep (1) 83:19,25;103:24; listed (1) Magnanini's (1) 83:25 36:7 104:3,6;114:25; 12:12 93:4 inquiry (1) kept (1) 119:20 listen (1) mail (1)

instruct (2) kinds (1) L litigation (12) mailing (8) 91:6;93:19 54:9 117:14;118:10; 34:24;35:7,8,16,16; instruction (2) knew (4) landed (1) 119:21;120:11;121:7, 36:6,14;97:21 91:14,16 60:9;66:18;109:4,9 103:4 18,19,25;122:2;123:8, maintain (1) interaction (1) knowledge (9) last (3) 24;124:6 39:16 PACIFIC ALLIANCE ASIA OPPORTUNITY FUND L.P. VS. KWOK HO WAN Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 135 of 140

84:17,18;94:12; 18,25;113:5,14,21; 22,24;18:7,13,21,25; oath (2) 39:25;40:7;56:15; 95:20,22 115:5,13,16,20; 19:6,9,13;24:11;26:6, 6:15;125:9 57:13;64:3,16;69:21; members (1) 116:12,21;117:8; 9;43:7,19;44:6,11,13, Object (107) 98:14,19,25;105:3; 94:11 118:7,17;119:2,8; 16;46:2,4,6,6,13;47:4, 10:7;11:11;17:25; 121:10;122:4,18 membership (1) 120:6;124:16 8,11,14,20,24;48:4, 18:9;19:14;21:15; maintaining (1) 95:11 Mitchell's (2) 20;49:6,9;50:2,6,25; 23:8;24:22;25:17,23; 36:9 Memorandum (3) 90:20;91:4 51:9,10;56:14;63:11; 26:11;27:9;30:9;31:3, maintains (3) 58:3,8;122:9 Monday (1) 68:19;71:6;72:14; 13;34:3,18;39:4,10,

16:20;35:22;66:13 mentioned (3) 16:3 73:15;74:4;76:10; 17;40:16;41:4,12,17, maintenance (9) 20:14;37:5;50:18 money (24) 77:13,23;78:14; 24;42:10;44:7;46:8, 87:19;88:2;89:11; mentioning (1) 27:7,15,19,21;28:4, 80:12,14;81:3,8,11, 15;47:5,17;48:5,11; 90:9;91:25;100:15, 28:20 9;30:18;31:22;32:6,8, 11,19,19;82:8,9,16, 49:3,11,22;50:7,15, 19,23;101:13 mentions (1) 9;42:7;87:15,24; 24;83:8,11,14,18; 21;51:14,25;57:19; management (1) 45:15 88:11,16;89:14,18; 84:10,19;85:3,7,11, 59:19;60:2,13,21; 14:11 Michael (2) 90:6,8;100:15,18; 11,17;86:9,16,23; 61:10;62:17;63:13; March (11) 81:23;82:2 101:4;109:4 87:4,10,14,24;88:4, 64:19;65:8;66:20; 57:6,18,22;59:23; mid (1) month (1) 17,18;89:5,10,16,18, 67:6;68:9,15,21; 61:18;62:13;63:8; 71:25 101:15 18,21;90:3,7,11,15, 69:17,23;70:15,24; 112:15,19;114:16; middle (1) monthly (1) 22;91:4,18,23;92:5; 71:8;72:17;73:22; 115:3 29:11 101:13 93:4;94:6,7,10,13,14, 74:6,12;76:4,25; marked (11) might (2) more (5) 20;95:8,11,14,18; 77:15;78:2,20;79:2, 9:17,20,25;20:8; 43:6;97:25 19:3;20:5;26:16; 96:3,10,15,18,21,24; 22;81:13;82:12,20;

55:4;56:20;58:5; Miles (6) 42:3;101:12 97:7,14,18,22;98:5,9, 83:2,21;86:11,19; 65:16;69:4;103:2; 11:18;21:22;28:16, Morristown (1) 17,18;99:3,8,15,18, 89:2,24;90:24;93:10; 112:15 22;77:19;78:19 3:6 25;100:7,8,14,20; 95:4;96:5;97:3,9; marking (2) million (1) mortgage (1) 101:2,6,16,20;102:5, 98:11,21;99:10; 20:9,11 101:12 110:2 10,15;104:18;105:16; 100:2;101:7;102:7, marks (1) minutes (2) MOSS (34) 106:4,8,15,17,23; 19;104:8;107:5; 74:25 74:21;85:22 8:7;12:4,6;13:5; 107:16;108:7,8,14; 108:23;111:12,18,25; math (1) missing (2) 20:11;43:9;56:12; 113:12,15,20;116:10; 113:5;115:5;116:12, 30:11 116:25;117:4 62:8;65:23;73:7; 117:19,21;118:2,6; 21;117:8;118:7,17 matter (1) mistaken (1) 74:17;75:4;78:9; 120:13;121:7,11; Objection (12) 7:6 59:23 79:23;81:16;91:8; 122:5,19;123:11,23; 62:2,24;63:4;67:18; may (26) MITCHELL (141) 92:19;93:21;113:12, 124:8 78:8;113:10;115:13, 6:13;37:10,13,24; 3:3,7;10:7;11:11, 18,23;115:23;116:6, next (2) 16,20;119:22;120:18; 38:5,15;53:7;55:12; 20;13:3;17:25;18:9; 17;118:22,24;119:6, 29:7;104:6 123:25 57:6;59:5,14;60:12, 19:14;20:9;21:15; 22;120:5,8,18,21; nobody (1) objections (1) 23;61:5,15,22,25; 23:8;24:22;25:17,23; 123:25;124:17

62:11;63:3;75:7,8,9; 26:11;27:9;30:9;31:3, most (1) Notary (2) obtain (2) 100:6;110:20;120:9; 13;32:3;34:3,18;39:4, 101:4 8:2;125:25 46:5;54:3 121:24 10,17;40:10,16;41:4, Motion (2) note (2) obtained (2) Maybe (2) 12,17,24;42:10;43:3; 58:4,9 113:10;119:13 111:17;118:14 11:20;72:4 44:7;46:8,15;47:5,17; much (3) noted (1) O'Connor (3) mean (17) 48:5,11;49:3,11,22; 14:3,4;64:23 124:23 81:24;82:2,8 8:19;9:7;18:4;19:2, 50:7,15,21;51:14,25; notice (15) off (21) 7;34:20;42:3;49:13; 52:12;56:7;57:19; N 9:16,19;10:3,4,10, 35:24;53:5,9,13,22; 61:12,14;73:2;79:4,6; 59:19;60:2,13,21,24; 11;12:13;50:4;56:18, 54:20;57:18;67:22;

92:16;99:12;104:10; 61:10;62:2,17,24; name (4) 23;57:5;65:11;69:2,9; 68:3,5,7,12;70:4,6,9; 120:22 63:4,13;64:19;65:8, 7:14;13:4;92:13,21 113:8 71:16;74:22;115:24, meaning (1) 21;66:20;67:6,18; nature (1) noticed (1) 25;119:3;124:20 40:12 68:9,15,21;69:17,23; 63:18 13:18 office (10) meant (1) 70:15,24;71:8;72:17, necessary (2) notices (2) 16:21;34:21,21; 90:8 23;73:8,22;74:6,12; 46:4;80:23 11:15;63:16 35:2,3,5;36:4,7;40:2,8 meeting (5) 76:4,25;77:15;78:2,7, need (2) Number (19) officer (3) 39:3,12;42:6;53:15; 11,20;79:2,22;81:13; 14:4;20:3 7:10;10:2;36:21,22; 6:14;37:16;38:20 97:2 82:12,20;83:2,21; needed (1) 43:2;58:19;75:2; officers (6) meetings (2) 86:11,19;89:2,24; 27:19 96:22;105:7,23; 37:3,11;38:2,9,10, 15:8,10 90:24;91:6,10;92:11; New (191) 106:14;107:20; 24 Melissa (1) 93:10,19;94:2;95:4; 3:6;7:8,9;8:16,20; 119:10,15,15;121:20; offices (5) 7:18 96:5;97:3,9;98:11,21; 9:17;10:4,10;11:8,17; 122:14;123:2,20 7:12;34:17,20; member (13) 99:10;100:2;101:7; 13:19;14:8,10,12,14, 96:11,13

13;81:3,7,10,18; 102:7,19;104:8; 107:5;108:23;111:12, 16,20;15:8,16;16:21,

17:21;18:20;19:5; PACIFIC ALLIANCE ASIA OPPORTUNITY FUND L.P. VS. KWOK HO WAN Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 136 of 140

52:17 19;78:6,13,16; 64:22;78:12;93:8; 7:5;8:8;9:1,15,19, 55:16;70:8;109:7

once (2) 101:18;112:9;114:19; 99:7 24,25;10:1,2;11:1,22; prepared (5) 82:9,16 115:2 percent (9) 12:1;13:1;14:1;15:1; 10:20;11:4;17:7,11; one (27) owning (2) 51:5,8;112:6,9; 16:1;17:1;18:1;19:1, 114:19 8:12;11:14;14:6,6; 26:9;72:2 114:11,12,17;115:10, 20;20:1,6,10,13;21:1; preparing (1) 19:22,23;25:6,9;30:8; owns (13) 12 22:1,24;23:1;24:1; 12:9 40:21;47:4,15;58:22; 26:6,6;31:11;40:6; period (2) 25:1;26:1;27:1;28:1; PRESENT (3) 83:4;86:21;92:18; 52:25;54:10;74:3,4; 33:20;38:18 29:1,7;30:1;31:1; 3:12;16:8,11 93:7;94:2;106:12; 77:11;87:6;88:18,21; periods (1) 32:1;33:1;34:1;35:1; president (16) 107:2,3,10,13,16,18; 100:10 79:7 36:1;37:1;38:1;39:1; 15:11,12;34:15; 119:10;120:9 permit (1) 40:1;41:1;42:1;43:1; 37:8,9,13,25;38:5,10, only (5) P 46:4 44:1,20;45:1;46:1; 12,16,18;39:23;43:23, 33:17;34:12,14; person (17) 47:1;48:1;49:1;50:1; 25;117:11 56:10;73:2 Pacific (3) 13:2;27:8,11,13,16; 51:1;52:1;53:1;54:1; previous (1) oOo (1) 7:6;67:17;68:8 28:9;45:21;46:2;93:7, 55:1,3,6;56:1,18,23; 114:10 6:19 page (21) 12,16,23;95:20,24; 57:1;58:1,2,7;59:1; previously (1) Opportunity (1) 10:16,24;11:2; 100:7;117:21,24 60:1;61:1,8;62:1; 10:12 7:7 20:20,20;22:25;29:7; personal (1) 63:1;64:1;65:1,15,19; primary (3) Opposition (2) 44:20;58:16,19;80:8; 46:23 66:1;67:1;68:1;69:1, 79:5,10,19 58:3,9 84:23;103:17,25; personnel (2) 2,6;70:1;71:1;72:1; printout (1) order (8) 104:5;109:16,21; 14:10;17:8 73:1;74:1;75:1,5; 85:3 20:15;49:24;50:5; 110:17;114:7,8,10 persons (1) 76:1;77:1;78:1;79:1; prior (8) 58:4,10;102:4,13,18 pages (1) 96:3 80:1,7;81:1;82:1; 61:6;89:22;92:23; ordinary (8) 120:23 PHONE (5) 83:1;84:1;85:1;86:1; 110:5,10;111:8; 55:22;56:5,15; paid (6) 3:8;13:2;36:20,22; 87:1;88:1;89:1;90:1; 120:3;124:3 57:13;64:4,17;66:13; 27:7,15,23;30:17; 96:21 91:1;92:1;93:1;94:1; privilege (3) 69:21 92:9;93:7 Ping (1) 95:1;96:1;97:1;98:1; 12:3;91:7,11 organization (1) par (1) 75:6 99:1;100:1;101:1; privileged (1) 14:11 29:24 plaintiff (1) 102:1,25;103:1,4; 91:9 Ostrager (1) paragraph (5) 7:5 104:1;105:1;106:1; Probably (1) 49:25 22:10;58:17;75:20; Plaintiff's (2) 107:1;108:1;109:1; 67:2 Ostrager's (4) 80:10,23 58:4,9 110:1;111:1;112:1, proceeding (2) 50:5;102:4,13,18 paraphrasing (1) plan (5) 14,17;113:1;114:1; 123:5,7 out (2) 116:16 25:5,8,11;82:15; 115:1;116:1,7;117:1; process (4) 74:18;100:22 part (1) 110:21 118:1,25;119:1,4,9, 35:9,17;36:13;98:2 outside (6) 97:15 please (12) 11,18,24;120:1; produced (4) 12:2;63:14;65:10; particular (2) 7:24;10:14,15,23; 121:1;122:1;123:1; 19:22;22:20; 113:7;115:7;118:18 15:23;84:22 16:18;22:24;29:7,13; 124:1;125:7,17 117:14;119:20 over (1) parties (8) 45:2;52:14;57:3;69:7 point (3) promised (1) 86:23 6:5;90:12;104:23; pledge (32) 50:10;54:20;67:22 49:19 own (8) 105:8;110:19,19,23, 26:20,23;51:17,19, positive (1) properties (2) 24:7;32:14,20;51:4, 25 23;52:9,17;53:4,9,12, 82:6 25:13;42:14 8;73:25;84:15;95:10 party (1) 21;54:4,14,17,19,24; possess (2) property (5) owned (7) 59:10 55:10;57:17;59:22; 98:9;99:4 75:23;76:9;106:18; 32:10;52:21;59:10; past (2) 61:17;62:12;63:6; possible (1) 107:7;110:20 111:24;112:4;114:11, 16:3;102:17 64:25;66:3,9,19; 49:20 proprietary (3) 17 Paul (3) 67:10,16,22;70:4,9; Potentially (1) 68:13,19;77:3 owner (27) 45:19;82:4,5 102:21 91:10 provide (1) 29:23;30:25;44:5; PAX (1) pledged (21) Pre-Judgment (2) 50:4 72:3,5;84:5,7,12,19, 50:4 48:10,15,16;49:14; 58:5,10 provided (2) 21;108:2,3,6,7,17,22; pay (11) 50:12,19,23,25;51:4, preparation (30) 116:20;119:9 109:10,18;110:5,11, 27:19;28:5;30:13; 13;53:22,25;57:23; 12:18,21;16:14; provides (1) 14,18,20;111:5,8; 89:10;90:8;93:13,16, 59:8,17;61:4,16,23, 21:11;23:17;26:3; 29:22 112:6;115:10 23;100:15,19,23 25;62:11;63:3 27:3;28:3,11;29:20; providing (2) owners (1) paying (4) pledges (7) 30:24;32:17,23; 117:18;118:5 31:8 90:22;91:3,18;93:3 67:4;68:18;72:21; 38:14;39:14;45:4; Public (3) ownership (34) payments (2) 73:3,9,14;110:9 47:22;48:2,8;52:20; 8:3;85:4;125:25 14:9;32:18;46:17, 88:12;100:22 pledging (3) 53:19;57:10,25; publicly (4) 21;59:7;70:13,22; pays (1) 51:7,8;111:9 95:13;97:6;109:13; 60:5,16;65:2,7 71:6,11,13;72:13; 91:8 pm (7) 111:20;115:21; purchase (19) 73:12,20;74:3,10; pending (1) 9:23;74:23;75:3; 120:15;121:9 14:19;15:15;24:8; 75:15,21,25;76:6,7, 67:17 116:2,5;124:21,23 prepare (6) 25:3,4,7,9;31:23;32:6, 11,13,16,20,23;77:5, people (4) Podhaskie (157) 11:7;13:25;16:6; 12;42:13,18,20;

Min-U-Script® Ellen Grauer Court Reporting Co. LLC (7) once - purchase PACIFIC ALLIANCE ASIA OPPORTUNITY FUND L.P. VS. KWOK HO WAN Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 137 of 140

43:14;71:23;82:10, 68:2,6;114:21; 11:24;67:15;112:20 15:18 40:2;78:4,12

17;84:2;96:9 116:24;117:3 register (2) Resolution (9) Roscalitar (30) purchased (1) recall (27) 39:21;99:6 20:22,25;21:9; 26:21;50:20,24; 24:16 14:21;18:15;43:23, registered (15) 39:22;52:16;53:16; 51:5,13,24;52:18,21; purchasing (1) 25;67:3,9;71:16; 27:22;28:5;33:12; 80:19;81:22,23 53:2,5,12,21;55:11; 42:15 75:14,18;85:19; 35:8,17;36:13,23; resolutions (1) 57:17,23;59:9,18,22; purpose (21) 117:22;118:13;121:6, 56:19,24;57:5;65:5; 96:8 61:5,16,25;62:11,13; 14:7;25:15,16; 22;122:3,6,8,17; 69:3,9;97:25;98:5 Resolved (1) 63:3,6;64:25;73:10; 41:10;82:23;86:22; 123:12,14,16,18; Registration (4) 80:19 102:22;110:10;

100:14,17;105:19,23, 124:3,9,11,13,15 55:4,18;65:16,25 respect (4) 111:10 25;106:8,14,17,18,23, receive (2) related (1) 20:17;77:21;78:18; Russ (8) 24;107:4,7,12,15 64:11,14 77:5 95:8 7:12;58:11;60:5,8, purposes (14) received (3) relates (3) respective (1) 17;90:16,23;92:15 25:21;28:19;83:4,5, 28:8;64:2,8 12:17;21:4;76:23 6:5 12;86:21,25;106:12; receives (2) relating (8) respectively (1) S 107:2,4,10,13,17,19 88:16;99:6 43:18;65:6;81:23; 114:13 Pursuant (2) Recess (2) 82:18;91:25;103:7; responsibility (1) same (18) 56:20,25 74:24;116:3 115:18;118:15 19:12 6:6,16;16:22;55:25; put (3) recollection (3) relation (1) restructured (1) 62:4;83:10;85:20; 55:12;89:18;118:15 13:24;85:21;120:4 119:20 70:22 92:6,16,17;93:12,16,

record (23) relationship (1) retained (2) 23;103:25;115:3,13, Q 7:22;9:23;11:21; 14:13 55:22;56:4 16,20 18:11;28:20;43:17; Release (7) review (28) Sanft (3) Qiang (64) 56:8;72:24;73:4; 56:19,24;57:5;60:4, 10:9;20:24;22:12; 45:15;80:19;82:7 11:18;12:23,25; 74:22;75:3;78:11; 16;69:3,9 44:25;53:10;55:9,19; S-A-N-F-T (1) 13:4,12,13,24;15:23; 80:15;92:12;113:11; released (3) 56:17;60:15;63:11; 45:16 16:2,9,12;23:25; 115:24;116:2,5; 61:17;62:13;63:7 65:24;66:10;85:2; SARNOFF (2) 28:22;32:11,11; 119:3,5;124:21; remember (5) 86:5;103:9;109:7; 86:4;124:18 34:14;36:11;37:5,13, 125:11,12 13:20;14:17,24; 116:9;117:2;118:5; Satisfaction (10) 25;38:4,10,12,17,24; records (17) 15:4;117:23 120:12;121:16; 56:19,24;57:5,9; 39:23;40:20,23;41:8, 11:16;35:22,25; removed (1) 122:13;123:3,11,15; 64:3,25;69:3,9,11,16 22;42:5;43:21;52:4; 36:8,10,15;40:7; 59:22 124:6,8,12 satisfied (1)

54:3;70:7;71:12,20; 61:19;120:17;121:8, replaced (1) reviewed (31) 67:23 72:5;78:24;79:15,25; 10;122:4,18;123:12, 33:18 11:14,16;21:11; saw (2) 83:25;84:7,16,21; 16;124:9,13 reporter (2) 23:17;28:11;29:20; 121:5,6 88:23;94:19,24; refer (4) 7:17,24 30:15,23;31:17; saying (2) 95:25;96:4;99:17,24; 8:15;9:3;28:21; representation (1) 32:17,22;33:5;38:13; 107:11;116:8 100:6;103:20;104:14; 61:6 61:3 39:6,14;44:17;45:3; scope (5) 112:4,8,12;114:12; referenced (1) representative (9) 47:21,25;48:7;52:19; 63:15;65:11;113:8; 115:9;117:6,18,20,24 96:8 8:9;9:16;10:3; 53:18;57:10,24; 115:7;118:19 Qiang's (7) references (1) 12:10,19;14:2;46:24; 95:13;97:5;102:3; sealing (1) 66:5;79:10,18; 107:8 77:24;78:15 116:18;121:2,9,25 6:5 84:11;104:2,5,11 referencing (1) representatives (1) reviewing (3) second (1)

R referred (2) represented (5) right (39) secretarial (2) 105:16;120:14 90:16,19;92:6,22; 8:13;17:8,9;22:14; 27:23;28:6 rather (1) referring (16) 104:23 29:4;30:8;53:8;61:16; secretary (1)

119:11 8:20;15:19;18:21; representing (3) 62:16;64:5;67:5,12; 33:11 read (2) 27:12;28:16,21,22,23; 113:2;114:2,5 70:4;77:9,14;83:9; Section (7) 22:8;125:8 42:23;60:25;76:15; request (9) 85:8,15;86:10;90:17; 23:5;56:20,25; reading (1) 85:7;103:7;105:12, 42:24;71:4,10,15, 97:2;104:3,15,19; 105:6;109:15,17; 22:9 15;123:8 19,21;72:7,9;73:11 105:12,17,20;106:5,9, 110:18 reads (1) refers (3) require (1) 15,21,25;107:4,12,17, security (2) 75:21 80:11,25;85:10 110:10 18,23;108:9;110:12 51:20;54:6 real (13) reflected (10) reserved (1) right-hand (1) seeing (12) 24:9,13,16,18,20, 25:25;30:16;32:18, 6:10 103:21 43:23;72:5;117:23; 25;42:19;75:23;76:9; 24;39:7,13;61:22; resided (1) role (20) 120:4;121:22;122:3, 83:6,12,15;84:15 95:12;97:4;102:2 79:6 16:25;17:4,14,16, 17;123:12,16;124:4,9, really (3) reflects (3) residence (12) 18,21,23;18:5,7,12, 13 42:2;56:10;101:11 18:11;22:18;114:18 14:19;15:7,15;26:7; 20,25;19:2,5,8;37:7; sell (1) reason (11) refresh (1) 50:3;51:22;72:2;79:5, 38:21;95:7;113:25; 50:3 85:21 10,19;102:12;106:25 118:5 sense (1) 9:11;21:24;22:19; 23:13;45:11;64:10; regarding (3) residences (1) room (3) 101:10 PACIFIC ALLIANCE ASIA OPPORTUNITY FUND L.P. VS. KWOK HO WAN Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 138 of 140

116:11;120:23 21:13,14,19,25; several (5) 45:7;103:15,22;

share (4) 6:14,16;15:14; 29:16;30:7;39:20; 42:15,21,24;43:24; 78:13 104:14,17;117:25;

18;59:4;66:18;67:11;

31:23;32:7,13;42:18; 28:14;30:20,25; 50:3;68:20;70:21; 31:5;32:25;44:5,10; 71:5,7,11,14,23; 45:5;46:12;59:4; 72:10,15;73:12,16,20; 66:17,18;67:11,12; 74:2;76:2,8,12,14,17, 80:11,13,16;81:3,7, 20;77:8,12,20;78:17, 10,18;84:17,18;94:5, 25;79:9,18;80:2; 12;95:2,3,20,22;

84:3,6,11,13,20;

102:12;106:20;107:9; 24;24:2;28:23;32:11; 108:15,20;109:3,9; 70:23;71:7,12;73:13;

16 13:5;26:19;57:6; Sherry-Netherland's (1) 62:6;65:21;72:23; 68:13 74:17;103:16;109:17;

24;24:2;28:23;32:11; 70:23;71:7,12;73:13; 74:17;103:16;109:17; sound (1) 92:3 sounds (1) 53:10 speak (2) 12:25;13:7 special (5) 105:19,24;106:18, 24;107:7 specific (3) 14:25;19:3;42:4 specifically (3) 41:6;72:11;113:16 specify (1) 26:16 speculate (3) 32:4;40:11;52:14 speculating (4) 31:25;40:9;52:14; 79:13 speculation (1) 108:24 spent (4) 27:21;42:7;87:14, 24 spoke (7) 11:18,18,19;13:14; 15:10;16:5;70:8 Spring (9) 88:16,18,19,21,25; 89:15,17;90:8;100:14 SPV (10) 105:17,19,25; 106:4,15;107:6,12,22; 110:3,4 ss (1) 125:4 stamp (4) 75:8;121:14; 122:25;123:19 Stamped (4) 20:7,22;29:8;44:23 stamps (4) 19:24;119:15,25; 122:11 stands (1) 105:19 start (3) 10:15;12:7;119:2 starts (2) 58:17,25 State (6) 7:8;46:6;85:3,4; 125:3,25 statement (9) 59:24;60:9,11,18, 20,25;61:9,13;75:24 statements (1) 118:11 States (2) 24:19;25:2 stayed (1) 115:3

Stevenson (6) 112:15,18;113:2, 24,25;114:8 still (7) 34:10,11,12;38:12; 61:23;67:11;109:16 STIPULATED (3) 6:3,8,12 STIPULATIONS (1) 6:1 stock (1) 99:6 Stone (3) 93:2,3,6 stop (1) 38:17 stopped (1) 34:7 strike (11) 35:14;37:22;38:7; 44:14;50:12;68:6; 78:23;79:16,24; 97:14;101:3 structure (2) 14:9,11 submitted (1) 75:7 subscribed (1) 125:20 subtracted (2) 25:22;87:2 sued (1) 91:23 suggesting (1) 111:16 Support (2) 7:15,19 Supreme (1) 7:8 Sure (14) 12:4;15:12;19:23; 40:2;43:17;58:20; 66:17;72:24;73:6; 82:5;92:15;98:16; 113:18;119:6 swear (1) 7:24 sworn (3) 6:14;8:2;75:8 system (2) 85:5;123:6 T talk (1) 114:19 talked (2) 72:21;73:10 talking (6) 9:7;38:9;48:18,18; 69:12;120:7 tape (2) 74:21;75:2 telephone (1) 13:9

terms (2) 29:3;63:15 terrace (1) 92:2 Territory (1) 23:3 testified (11) 8:3;18:6;50:10; 53:20;64:2;66:4;67:3, 9,21;75:17;76:16 testify (6) 10:20;11:4,8;17:7, 11;67:25 testimony (15) 9:12;12:9;14:2; 16:6;18:8,15;24:17; 57:17;65:4;66:16; 67:8;75:18;84:9; 125:8,11 third (5) 59:9;81:22;110:19, 23,24 though (1) 95:2 thought (2) 24:18;42:15 three (5) 58:23;74:21;104:7, 10,11 times (1) 62:5 title (2) 15:12;23:3 today (47) 7:17,20;8:16;9:13; 10:21;11:5;12:9,19; 21:11;23:17;26:3; 27:3;28:3,12;29:20; 30:24;31:18;32:17, 23;33:5;38:14,16; 45:4;47:22;48:2,8; 52:20;53:19;56:2; 57:11,25;74:18; 75:13;77:25;78:15; 95:13;102:3;109:13; 111:21;114:20;116:8; 119:10;120:3,14; 121:9,23;124:3 today's (6) 7:12;39:14;97:5; 115:21;121:3;124:20 together (1) 20:11 told (5) 13:20,24;15:6;19:4; 85:22 took (2) 64:11,13 top (7) 29:8;35:24;59:13; 71:16;105:8;123:4,22

PACIFIC ALLIANCE ASIA OPPORTUNITY FUND L.P. VS. KWOK HO WAN Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 139 of 140

17:9 24:15;25:13;31:22;

31:20;32:5,7,14,20;

topics (10) under (4) 51:16,18;52:21,23; 10:18,21,25;11:5,9, 22:4;29:9;110:11; waived (1) Yan (1) 95:7,10 15;12:12,19;13:17;

30:6 undersigned (2) 112:21;114:12 years (1) 001 (3) transaction (1) 22:3,13 WANG (8) 91:24 29:24;30:2,3 49:21 Understood (2) 3:13;11:19;13:11; yes-or-no (1) 07960 (1)

United (2) 16:6;17:13;18:22; 93:21 3:6 transfer (5) 24:19;25:2 19:4;118:5 York (172) 1

16:25;17:4;18:12; 7:9,9;8:16,20;9:17; 10:4,10;11:8,17; 115:19 106:19 75:6,6 13:19;14:8,10,12,14, 1 (9) transferred (1) unless (1) way (6) 16,20;15:8,16;16:21, 9:15,25;10:2,9,15; 112:8 110:4 29:2;50:6;63:25; 21;17:2,8,14,16,18, 17:9;56:3;109:16;

17:23;18:4,20 101:3;102:6;112:11 22,24;18:8,13,21,25; 110:17

transfers (1) unrelated (1) weeks (1) 19:6,10,13;24:11; 29:23

trial (1) up (6) 31:20;32:5,7,14,20; 13;47:4,8,11,15,20, 112:14,18 6:11 24:15;30:11;32:12; 51:16,18;52:21,23; 24;48:4,20;49:7,9; 100 (2) true (18) 84:12;90:16;123:4 95:7,10 50:2,6;51:2,9,10; 51:5;115:10 21:7,12;29:18; USA (1) Weiss (3) 56:15;63:11;71:6; 11 (1) 55:17,25;57:7;59:24;

US-based (2) 45:19;82:4,5 72:14;73:15;74:4; 7:13

69:15;73:19;74:9; 24:8,10 welcome (1) 76:10;77:13;80:12, 45:6;69:10;85:24

12 100:19 116:20 84:10,19;85:3,8,11, 21:2 trust (7) using (1) What's (2) 11,17;86:9,16,23; 13 (3) 73:17;102:9,17; 29:3 83:24;101:4 87:4,10,14,24;88:4, 23:20;86:7,9

trustee (10) V who's (2) 17,18;89:5,10,16,18, 14 (1)

107:21,25;109:15, 36:9;95:24 22;90:3,11,15,22; 145 (1) 17,22,24;110:19,22, value (2) Whose (6)

22;111:7 29:24;30:6 100:14;103:15,19,22 18;96:3,10,15,18,21, 15 (2) truthful (1) various (4) Williams (2) 24;97:7,22;98:5,9; 58:20;75:8 9:12 20:2,16;42:15,21 45:19;82:4 99:3,9,15,18,25; 16 (9)

13:6;60:7,19;62:20; vehicle (5) within (6) 100:7,8,14,20;101:2, 59:14;60:12,23;

24;107:7 6:13;20:2;83:9; 6,16,20;102:5,10; 61:15,25;62:11;63:3;

trying (1) versus (1) 120:16;121:8;122:4

62:22 7:7 7:25;8:2;32:3; 108:8,8,14;113:12,15, 56:20,25 turn (2) via (1) 40:11;43:5;52:13 20;116:11;117:19,22; 17 (10) 74:3,4 51:17 Wong (5) 118:2,6;120:13; 57:6,18,22;59:23; two (10) vice (1) 112:15,19;113:2, 121:7,11;122:5,19; 61:18;62:13;63:8; 8:9;13:16;16:17;

Videographer (8) 25;114:8 123:24;124:9 85:12;86:10;103:11

58:22;75:2;93:8; 3:14;7:3;9:22; Wong's (1) York's (18) 20:20

word (1) 68:19;77:24;78:15;

type (1) 116:4;124:19 19:7 90:7;91:4,18;94:7,14; 84:23 42:7 videotaped (1) words (2) 97:14,18;98:17,18; 18th (11) typewritten (1) 7:4 21:19;93:12 102:16;123:11 76:24;77:4,21;

68:18 work (1) young (2) 78:18,25;82:18; 97:15,19;106:20,25;

U 98:19 written (10) 16:6;18:22;75:6; 20:8;44:23

UBS (2) 51:7;59:6 46:11;50:4;110:5,10; 2

PACIFIC ALLIANCE ASIA OPPORTUNITY FUND L.P. VS. KWOK HO WAN Case 22-50073 Doc 1604-23 Filed 03/27/23 Entered 03/27/23 14:12:10 Page 140 of 140

61:5,16,25;62:11,13;

102:22;105:7,23;

59:14;60:12,23;

63:3;66:2;69:10;75:7;

90:4 58:2,8;110:18;

3 23:5;65:15,18,22;

44:20;56:3,11,13;

106:14;109:15,17;

11:24;65:11;113:8; 16:4;58:16,19,20;

55:3,7,20;56:3,9; 107:20;112:15,19; 114:16;115:3;119:24;