Rights of Third Parties

For distribution to your groups as appropriate.

Alan
---------------------- Forwarded by Alan Aronowitz/HOU/ECT on 02/18/2000=20
06:45 PM ---------------------------

Robert Quick
02/17/2000 01:47 PM
To: Alan Aronowitz/HOU/ECT@ECT, Janice R Moore/HOU/ECT@ECT, Matthias=20
Lee/SIN/ECT@ECT, Michael A Robison/HOU/ECT@ECT, Harry M Collins/HOU/ECT@ECT=
,=20
Nony Flores/HOU/ECT@ECT
cc: Fiona Lavelle/LON/ECT@ECT=20
Subject: Rights of Third Parties

Here is Michael's policy on the new TP Rights Act, for those of you involve=
d=20
in any transactions which may be subject to English law. If any of you=20
require a copy of Slauhgter's note, pls contact Fiona who will provide. tks
---------------------- Forwarded by Robert Quick/LON/ECT on 17/02/2000 19:4=
4=20
---------------------------

Fiona Lavelle
07/02/2000 12:23
To: ECT Europe Legal
cc: =20

Subject: Rights of Third Parties

You should all have received a copy of Slaughter and May=01,s memorandum on=
the=20
Contracts (Rights of Third Parties) Act 1999. Unless we specifically decid=
e=20
otherwise in a particular case, my guess is that we should include wording =
to=20
contract out of the provisions of this Act in most if not all of our Englis=
h=20
Law contracts. For ease, I attach a copy of the recommended wording.

If anyone wants to talk about this, please give me a call.

Thanks
Michael

=01&The parties to this agreement do not intend that any term of this agree=
ment=20
should be enforceable, by virtue of the Contracts (Rights of Third Parties)=
=20
Act 1999, by any person who is not a party to this agreement.=018