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Company B

5/1/96- Advised writer that U.S. issuers right (even though non-exclusive) to useforeign government (redacted), a (redacted) which transports (redacted) after it passesthrough the (redacted) of a...

Based on all of the facts, you have made the determination that it is not reportable. (Assuming the size-of-person test is met). I concur that this transaction is exempt by (redacted) under Section...

4/26/96 Advised co-counsel to writer that cash held by A, regardless of its source, is an exempt asset. However, assets of A used to manage properties of others are not exempt under 802.5(b)(iv) and...

4/18/96 - Transactions are exempt as noted.