RE: Canada credit

I'm working it - do not worry

-----Original Message-----
From: Forster, David
Sent: Monday, February 04, 2002 9:26 AM
To: Kitchen, Louise
Subject: Canada credit

I had planned to call Per Dyrvik this morning (at Lou Eber's suggestion). Can I proceed? (Don't want to get in the middle of something you are working).

Dave

-----Original Message-----
From: Kitchen, Louise
Sent: Monday, February 04, 2002 8:36 AM
To: Milnthorp, Rob; Forster, David
Subject: RE: Canadian legal entity

Working Ya (as Shankman would say). It appears they will offer guarantees but I am awaiting confirmation.
-----Original Message-----
From: Milnthorp, Rob
Sent: Monday, February 04, 2002 8:34 AM
To: Forster, David
Cc: Kitchen, Louise
Subject: RE: Canadian legal entity

Dave, as per previous discussions, I am very concerned with Canada not using UBS AG as the contracting party. Additionally, Lou Eber has confirmed with me a number of times that UBS AG does not guarantee subsiduaries but rather UBS is " good for it". This will not work.

-----Original Message-----
From: Forster, David
Sent: Friday, February 01, 2002 11:20 AM
To: Taylor, Mark E (Legal); Keohane, Peter; Hedstrom, Peggy
Cc: Kitchen, Louise; Milnthorp, Rob; Beck, Sally; Zufferli, John
Subject: Canadian legal entity

The name for the Canadian entity which will enter into both Master Agreements and individual commodity transactions is: "UBS Warburg Energy (Canada) Ltd.", as confirmed by Lou Eber: UBS Chief Legal Counsel.

I am working on chasing down the parental guarantee issue.

Dave