PA/ETA

Attached are revised drafts of the New York PA and ETA, which have been
revised to reflect the latest Clifford Chance drafts and our discussion
yesterday. We are unable to blackline these drafts, due to the fact that the
Clifford Chance drafts are not on our system (and we did not receive all of
them in any event). Also, we have not yet received from Mark's office the
language on confirmations; we have taken a shot at it but can obviously
modify it after we get the language.

Finally, we have attached a blackline of the "Legal and Privacy" statement,
reflecting some suggested changes. We also note that, if this document is to
be "global", we will either need to decide on a single governing law or
delete choice of law entirely.

Best regards.

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- PA.wpd
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