Ronald B. and Annette C. Talmage - Page 50




                                        - 50 -                                        
          certificate of Liu Hsiu Chen dated November 21, 2006, signed by             
          Ms. Chen.                                                                   
               Petitioner, through contradictory testimony and evidence,              
          has represented his ownership interest in the Rivercliff property           
          to be:  (1) Outright joint ownership with his wife, Kumiko; (2)             
          outright ownership of only the original farm dwelling and barn;             
          (3) 50-50 ownership with his purported employer; or (4) ownership           
          by his purported employer with petitioner able to work into an              
          equity position for services rendered.  In spite of all of the              
          contradictory representations, petitioner held legal title to the           
          Rivercliff property jointly with Kumiko Talmage until August 20,            
          2001, when she deeded her ownership interest to petitioner.                 
          Petitioner held sole legal title until June 30, 2005, when he               
          transferred title to RFI.  Moreover, petitioner continuously                
          resided in and used the Rivercliff property as his primary                  
          residence from 1999 through the date of trial.                              
               Petitioner’s testimony relating to the payments by his                 
          purported employer to Kumiko Talmage arising from the divorce is            
          inconsistent and implausible.  Petitioner categorized the payments          
          variously as:  (1) Advances due to friendship; (2) obligations              
          assumed by his employer and therefore no longer his; (3) payments           
          by NCPL to acquire Kumiko Talmage’s 50-percent ownership interest           
          in the Rivercliff property (despite the fact that Kumiko Talmage            
          transferred her interest in the Rivercliff property to petitioner           







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