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8/9/02 Confirmed advice

Since the purchase price has been determined and the debt or other obligations were considered when determining the purchase price, no additional consideration to the acquisition purchase is needed...

8/9 Confirmed advice by telephone. PS concurs.

Agree B. Michael Verne 8/6/02

Beneficial ownership has passed to (redacted) at the time the assets go into escrow. The subsequent transfer to B from (redacted) is exempt under 7A(c)(4), therefore, there is no impediment to...