For distribution to your groups as appropriate.

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


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

Here is Michael's policy on the new TP Rights Act, for those of you involved 
in any transactions which may be subject to English law. If any of you 
require a copy of Slauhgter's note, pls contact Fiona who will provide. tks
---------------------- Forwarded by Robert Quick/LON/ECT on 17/02/2000 19:44 
---------------------------


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

Subject: Rights of Third Parties

You should all have received a copy of Slaughter and May,s memorandum on the 
Contracts (Rights of Third Parties) Act 1999.  Unless we specifically decide 
otherwise in a particular case, my guess is that we should include wording to 
contract out of the provisions of this Act in most if not all of our English 
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

&The parties to this agreement do not intend that any term of this agreement 
should be enforceable, by virtue of the Contracts (Rights of Third Parties) 
Act 1999, by any person who is not a party to this agreement.8