Jorge: I may send you some emails throughout the day to help clarify some things for me. Where are your definitions of "Calculation Period" and "IPA Modified Calculation Period"? In your definition of "IPA Floating Rate Payment", you use the term "Share Spread" which is not defined. What do you mean? There is a dangling definition of "Share Spread" at the end of the IPA Compensation section, but it refers to spreads appearing in either Annex I or Annex II. In the "IPA Compensation" section, how is "a negative IPA elected"? Who is making an election? Let's discuss tomorrow.

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