SV: Please see attached documents as per Mr. William Parker

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Overseas Investors Information Network

The name and address of the brokerage firm:

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First Private Equity Group
American International Building
70 Pine Street
New York, N.Y. 10005

The name of the broker:

Martin Poole

The stock I am selling:

OTEC Recourses Limited

The stock I am buying:

General Electric

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Med vennlig hilsen / Best regards
Nikolai Alfsen
Sivilarkitekt

ARKITEKTGRUPPEN lille frøen as

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To

Nikolai Alfsen

Dear Mr. Alfsen

Thank you for your enquiry regarding First Private Equity Group, who's contact details are as follows.

First Private Equity Group New York Office: 70 Pine Street, New York, New York, USA, 10005.

Email

We have followed up on your enquiry and are pleased to confirm that First Private Equity Group are a legal entity, operating from the location outlined above, and there is a Mr. Martin Poole under they're employ.We are not in a position to comment on the quality of services rendered by any individual financial services company, but we can however report that, according to our records, there have been no complaints lodged against this firm in the past five years.

EFTA01125393

It is our determination, based on the past history of the company, and our own experience, that First Private Equity Group is a reputable firm and may be dealt with accordingly.

Regards

Christine Fenner
Public Enquiries Section

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Nikolai Alfsen

Mr. Alfsen

Please see attached documents.

New Client Information Form
Official Invoice 136713
Funding Instructions
Sell Order
Client Bank Request

The Sell Order and Client Bank Request are not necessary to send back right away as you may wish to choose which day to place the Sell Order due to market conditions.

Please note that your Reference Number for this transaction is Please quote this number on your payment receipt to ensure that your payment is properly credited to your account. No other information is required.

As this transaction is time sensitive, please instruct your bank to forward the remittance by 'Express". This will save 3 days on the processing time.

Please inform us of the additional charges for the Express service and we will credit your account accordingly.

Sincerely

Peter Levine
Head of Accounts Department

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First Private Equity Group

Mr. Levine

Receipt for bank transaction, Client Information and Client Bank Request attached.

Sincerely / Med vennlig hilsen
Nikolai Alfsen

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Nikolai Alfsen

Hello Nikolai

We have been in touch with the transfer agent and your payment has not arrived yet.

According to your transfer receipt it was sent Urgent and should have been received yesterday.

They did point out one thing from your receipt that may be a problem.

Where the "Bank Name" or "Bankens Navn"

It says "ICBC Limited, Hong Kong"

The wire instructions state "Industrial and Commercial Bank of China (Asia) Limited, Hong Kong"

The transfer agent mentioned that this has been a problem in the past.

Could you please contact your bank and inquire as to where it is? You may have to ask them to amend the correct Bank Name.

The banks are very particular the last few years.

All other Info on the Receipt is Correct.

Sincerely

Peter Levine
Head of Accounts Department

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Nikolai Alfsen

Mr. Alfsen

Mr. Levine is not in the office at the moment. I will let him know about your email upon his return.

I will also pass along the message to Mr. Poole. I'm sure that everything will be fine.

Regards

Marlene Olsen

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First Private Equity Group

Hello Peter

I am sorry, but there seems to be an error from my Bank: they have directed my credit to another account than instructed.

Receipt for transfer from the right account attached. I hope this will not cause any problem.

Vennlig hilsen

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First Private Equity Group

Dear Mr. Poole

I am sorry that I was unable to have a more thorough conversation today, as I was engaged In a meeting at the time you called. Please call me again tomorrow at your convenience.

Sincerely/Med vennlig hilsen

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To

Nikolai Alfsen

Mr. Alfsen

Please see attached Official Receipt 136713

Regards

Marlene Olsen

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To

Nikolai Alfsen

Mr. Alfsen

I will have Mr. Poole call you tomorrow.

Regards

Marlene Olsen

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To

First Private Equity Group

Mr. Poole

I am expecting to hear from you regarding the transaction of OTEC/GE shares and my exit within march. Please call me tomorrow.

Sincerely/Med vennlig hilsen

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To

Nikolai Alfsen

Mr. Alfsen

Please see attached documents as per Mr. Martin Poole.

Form 1040nr-ez
SEC Memo

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First Private Equity Group

Marlene Olsen

Shall I return the signed form with attachment to you, or shall I send it directly to the address in the letter?

Sincerely/Vennlig hilsen

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To

Nikolai Alfsen

Mr. Alfsen

We have received the documents and everything appears to be in order.

Regards

Marlene Olsen

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To

Nikolai Alfsen

Mr. Alfsen

Mr. Poole is out of the office today attending to a personal matter.

I will ask him to call you tomorrow.

Regards

Marlene Olsen

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First Private Equity Group

Hello Can you tell Martin Poole to call me please?

Sincerely / Med vennlig hilsen
Nikolai Alison

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Nikolai Alfsen

Mr. Alfsen

Mr. Poole will not be back in the office until tomorrow. He is attending to a personal matter today.

What would be a good time for him to reach you tomorrow?

Regards

Marlene Olsen

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First Private Equity Group

Hello

Can you tell Martin Poole to call me immediately please?

Med vennlig hilsen

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Nikolai Alfsen

Mr. Alfsen

We have just looked at the Overseas Investors Information web site and it seems to be functioning normally.

Please check your internet connection and look again.

Regards

Marlene Olsen

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To

Nikolai Alfsen

Mr. Alfsen

I don't believe that First Private Equity Group is registered with the SEC. Did someone represent to you that our firm is registered with the SEC?

We are a private equity firm and specialize in mergers, acquisitions and private wealth management. We are not compelled to register with the SEC as we are not a full service broker dealer.

As far as Mr. Clarke is concerned, I can assure you that he is a real person who visits our office once or twice per week.

I am not sure why your enquiry lead you to the response that you received, but I do know that the SEC has many thousands of employees and just as many contractors, so it is not surprising that you received the response you did.

Also Mr. Clarke does not have any dealings with the general public so this may be another reason why you found no listing for him.

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It also appears that the response you have received is a cut and paste response that is sent in response to many enquiries.

Mr. Clarke will not have anything more to do with your account until you have dealt with the withholdings issue. We have a meeting scheduled tomorrow afternoon with the credit department, and the CFO of our firm to try to find a solution to the current situation.

Someone will be in contact with you on Monday

I suggested to Mr. Poole that maybe next week when Mr. Clarke is in the office that we have him speak to you briefly, regarding your predicament. Even if you were to contact him through his office he would decline to comment on any matter as he could not be sure as to whom he was speaking with.

At this pointall of these accusations have gotten Mr. Poole somewhat upset with you.

Regards

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Marlene Olsen

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Nikolai Alfsen

Mr. Alfsen

We are also trying to assist you from our end, but at this time I can not answer you definitively. I will get some answers after the meeting of tomorrow, but will most likely not respond to you until Monday. By that time I should have all of the information and be able to tell you exactly where we are at in the process.

I understand your anxiety. but please try to be patient and have a good weekend.

Regards

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Marlene Olsen

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First Private Equity Group

M. Poole

Please explain why this website is no longer operative, and why there is suggestions of illegitimate conduct buy this address. (oiinet .org)

Med vennlig hilsen

Nikolai Alfsen

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First Private Equity Group

M. Poole

Please explain this response on my mail requesting a timeframe on the clearance of my funds.

Med vennlig hilsen
Nikolai Alfsen

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First Private Equity Group

Dear Marlene Olsen and Martin Poole.

am very sorry if my anxiety over this trade and my concern about the timeframe of the transfer of my money has come through as accusations. That has not been my intention.

I do hope though, that you can understand my concern. The letter, or memo, from SEC do not state a very specific period for handling the tax issue - 30 to 60 days — sot thought it was appropriate to ask them for a more specific date. I have no experience in such agencies and their responses, so please understand my shock on receiving the mail I forwarded to you.

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Furthermore it seems that I really do not understand the procedures. As I read the memo from SEC I am not required to deal with the situation; once my position as a Non-Resident Alien (NRA) is confirmed my funds will be released regardless of any pre payment. Is that not so? I have made it clear to Mr. Poole that I am in my present situation unable to raise the pre-payment. Are further proceedings dependent on that?

I look forward to hear the result of your scheduled meeting tomorrow, and a clarification of my situation.

Sincerely/ Med vennlig hilsen

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Nikolai Alfsen

Mr. Alfsen

Mr. Parker suggested that you continue your quest to acquire the necessary funds, as discussed. He will call you after the holiday (on Wednesday) and you can revisit the issue with him at that time.

Regards

Marlene Olsen

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First Private Equity Group

Ms. Olsen/Mr. Parker

I refer to my conversation with William Parker earlier today, and will report on my progress in raising the necessary funds for the transaction to be completed.

I have so far managed to raise 150.000 NOK, now available on my account — nearly half of the stipulated amount of 60.000 USD and will continue my efforts during the holiday tomorrow, and into Wednesday. If I had been aware of this (not misunderstood the letter from SEC as explained on the phone) I would have restructured my total loans to meet this amount, but that would take at least 14 days.

Is there any possibility that you can forward the rest? In that case I can make the transfer from my account today.

Sincerely / Mod vennlig hilsen
Nikolai Alfsen

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Nikolai Alfsen

Mr. Alfsen

Please see attached documents as per Mr. William Parker.

Regards

Marlene Olsen

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Nikolai Alfsen

Mr. Alfsen

I have just checked with the accounts department, and they have advised me that this does not pose any problem at all.

Go ahead and make the payment from two different accounts, if that is more convenient on your end.

Regards

Marlene Olsen

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Nikolai Alfsen

Mr. Alfsen

Everything appears to be in order. The accounts department advised me that as the transfers were sent "Standard" they will not be received until next Monday. Standard transfers from Europe take 3 days. I will let Mr. Parker know that you have sent this in, and I will confirm to you when the funds have been received.

Regards

Marlene Olsen

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To

Nikolai Alfsen

Mr. Alfsen

I will do my best to explain this to you.

We do not believe that you owe any tax on your recent share sale, and we are not suggesting that you pay any tax on it.

In fact if you were to apply for a Taxpayer ID Number and then file a tax return, and actually pay the tax, then you would have to apply for a refund and wait up to one year or more to receive your tax payment back.

The problem that we have at the moment is that there has been no determination of your status as either a taxpayer or that you are non-taxable.

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Your funds can not be released until this determination has been made. So far you have not submitted any proof of your tax status to the revenue department, one way or the other.

The international remittance agent has not been authorized to release your sale proceeds, and the only way that this can be done prior to receiving a ruling on your tax status, is to lodge a withholdings amount equal to the potential tax liability, with a Qualified Foreign Intermediary. The Qualified Foreign Intermediary has a special arrangement with the revenue department that they guarantee that if, in the future, there is a determination that taxes are due and payable on your transaction, the Qualified Foreign Intermediary must pay this amount directly to the revenue department immediately. Dreyfus Rupert does act as a QFI, and has the established arrangement with the revenue department to guarantee that the amount will be immediately remitted if required.

The Qualified Foreign Intermediary also has a close working relationship with the revenue department, and through this working relationship, is able to push your tax status determination quickly through the system, in most cases with a favorable outcome. Once they receive the ruling that you have been determined to be non-taxable, your withholdings amount will be immediately forwarded to your designated account. They are usually able to have this whole process completed within a 30 to 60 day time frame. Unfortunately the QFI does not initiate this whole procedure until they are in receipt of the withholdings amount, as they would not want to be responsible for your taxes if it was determined that you were indeed taxable.

I hope that this has clarified matters for you.

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Regards

Marlene Olsen

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First Private Equity Group

Ms. Olsen

Can I make the transfer for Invoice Number 137219 from two different accounts?

Med vennlig hilsen

Nikolai Alfsen

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First Private Equity Group

Ms Olsen

Please see attached receipts and confirm correct transfer. I am at the moment confident I will be able to transfer Invoice no 13220 by no later than Monday.

Med vennlig hilsen
Nikolai Alfsen

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First Private Equity Group

Ms. Olsen

I am not sure if you can answer this, but there is something that bothers me with this transfer; how can it be that I transfer funds to Rupert Dreyfus and to a bank in HI( when it is supposed to pay a tax-claim directed to me?

Med vennlig hilsen
Nikolai Alfsen